Peninsula Library & Historical Society
- Assets
- $2.5m
- Revenue
- $585.1k
- Investments
- $0.0
- Employees
- 11
- Location
- Peninsula, OH
- Founding
- 01/1965
- Data as of
- 12/2022
- EIN
- 34-0892444
Organization Overview
Peninsula Library & Historical Society is located in Peninsula, OH. The organization was established in 1965. As of 12/2022, Peninsula Library & Historical Society employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peninsula Library & Historical Society is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Peninsula Library & Historical Society generated $585.1k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $621.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ALL FUNDS ARE EXPENDED FOR THE PURPOSE OF OPERATING A FREE PUBLIC LIBRARY UNDER THE LAWS OF THE STATE OF OHIO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022 THE PENINSULA LIBRARY CIRCULATED 82,368 ITEMS HELD 155 PROGRAMS ATTENDED BY 3,094 PATRONS AND ANSWERED 12,918 REFERENCE QUESTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marissa Evans Trustee | Trustee | 1 | $0 |
Ken Frankenbery Trustee | Trustee | 1 | $0 |
Pamela Jones Recording Secretary | OfficerTrustee | 2 | $0 |
Paul Moser Vice-President | OfficerTrustee | 2 | $0 |
Cindy Lombardo Trustee | Trustee | 1 | $0 |
Catherine Anson Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $21,911 |
| Government grants | $550,744 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $572,655 |
| Total Program Service Revenue | $931 |
| Investment income | $335 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $585,095 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $284,135 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $38,624 |
| Other employee benefits | $24,677 |
| Payroll taxes | $3,982 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,686 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,484 |
| Office expenses | $17,512 |
| Information technology | $46,694 |
| Royalties | $0 |
| Occupancy | $82,643 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $349 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,256 |
| All other expenses | $4,684 |
| Total functional expenses | $621,109 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $305,926 |
| Savings and temporary cash investments | $125,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,209,031 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $829,954 |
| Total assets | $2,469,911 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $2,430,222 |
| Net assets with donor restrictions | $39,689 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,469,911 |