Salem Public Library Memorial Fund Association
- Assets
- $1.1m
- Revenue
- $108.2k
- Investments
- $397.1k
- Employees
- 0
- Location
- Salem, OH
- Founding
- 12/1958
- Data as of
- 12/2021
- EIN
- 34-6521010
Organization Overview
Salem Public Library Memorial Fund Association is located in Salem, OH. The organization was established in 1958. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salem Public Library Memorial Fund Association 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 12/2021, Salem Public Library Memorial Fund Association generated $108.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.8% each year . All expenses for the organization totaled $18.6k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ENHANCEMENT OF COMMUNITY, EDUCATION AND RECREATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN THE CARRYING OUT OF EXEMPT PURPOSES, THE BETTERMENT OF THE COMMUNITY WAS ACHIEVED THROUGH THE DISBURSEMENT OF GRANTS TO A QUALIFIED CHARITABLE ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jock Buta Vice President | OfficerTrustee | 1 | $0 |
Tricia Hovorka President | OfficerTrustee | 1 | $0 |
Bradley K Stephens Secretary/treasurer | Officer | 5 | $0 |
Jacqueline Berthold Trustee | Trustee | 1 | $0 |
Robert S Mcculloch III Trustee | Trustee | 1 | $0 |
Madeline Patton Shivers Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,710 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,710 |
| Total Program Service Revenue | $3,727 |
| Investment income | $13,459 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $88,315 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $108,211 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,165 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,971 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $250 |
| All other expenses | $0 |
| Total functional expenses | $18,608 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $397 |
| Savings and temporary cash investments | $32,941 |
| 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 | $0 |
| Investments—publicly traded securities | $638,772 |
| Investments—other securities | $397,062 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,069,172 |
| 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 | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $1,069,172 |
| Total liabilities and net assets/fund balances | $1,069,172 |
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|---|---|---|
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Franklin County Library System Chambersburg, PA | $1,706,227 | $3,129,191 |
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Altoona Area Public Library Altoona, PA | $2,980,766 | $2,595,800 |
Easton Area Public Library Easton, PA | $3,196,974 | $2,340,493 |
Lancaster Public Library Lancaster, PA | $9,027,517 | $3,183,372 |
Wissahickon Valley Public Library Blue Bell, PA | $7,205,487 | $1,924,736 |
Hazleton Area Public Library Hazleton, PA | $4,885,056 | $1,623,072 |
Martin Library Association York, PA | $14,902,627 | $1,326,995 |
Willard Library Of Evansville Evansville, IN | $2,845,085 | $1,302,512 |