Community Libraries Of Providence
- Assets
- $3.4m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Providence, RI
- Founding
- 06/2009
- Data as of
- 06/2022
- EIN
- 36-4640304
Organization Overview
Community Libraries Of Providence is located in Providence, RI. The organization was established in 2009. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Libraries Of Providence 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 06/2022, Community Libraries Of Providence generated $5.8m in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $5.7m during the year ending 06/2022. 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
TO OPERATE A PUBLIC LIBRARY SYSTEM IN PROVIDENCE, RI. THE ORGANIZATION WAS FORMED TO OPERATE NINE NEIGHBORHOOD COMMUNITY LIBRARIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED LIBRARY SERVICES TO OVER 600,000 PATRONS AND VISTORS IN NINE NEIGHBORHOOD LIBRARIES IN PROVIDENCE, RI, INCLUDING BOOKS, CDS, DVDS AND OTHER LIBRARY MATERIALS WITH 393,300 ITEMS CIRCULATED. OUR PUBLIC COMPUTERS AND WIFI WERE USED MORE THAN 400,000 TIMES. WE ALSO PROVIDE EDUCATIONAL AND INSTRUCTIONAL PROGRAMS INCLUDING AFTERSCHOOL PROGRAMS, HOMEWORK HELP, GED CLASSES IN SPANISH AND ENGLISH ESL CLASSES, TODDLER AND PRESCHOOL STORY HOURS, READING CLUBS FOR CHILDREN AND ADULTS IN ENGLISH AND SPANISH, COMPUTER CLASSES IN ENGLISH AND SPANISH, RESUME CLASSES AND JOB SEARCH HELP. WE PARTNER WITH THE CITY TO PROVIDE READING OPPORTUNITIES TO CHILDREN DURING THE SUMMER. OVER 30,500 PARTICIPANTS ATTENDED OUR PROGRAMS. DURING THE PANDEMIC WE INCREASED OUR WIFI AVAILIBILITY TO THE COMMUNITY BY INSTALLING ACCESS POINT UNITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl Space Ex Dir | OfficerTrustee | 40 | $115,681 |
Patricia Raub President | OfficerTrustee | 5 | $0 |
Tony Aguilar Vice-Pres | OfficerTrustee | 2 | $0 |
Rochelle Lee Sec | OfficerTrustee | 3 | $0 |
Pam Vogel Treasurer | OfficerTrustee | 3 | $0 |
Anita Bench Board | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Am Electric Leasehold Improvements | 6/29/21 | $278,645 |
Nesctc Security Security Company | 6/29/21 | $183,443 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,070,671 |
| All other contributions, gifts, grants, and similar amounts not included above | $646,696 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,717,367 |
| Total Program Service Revenue | $22,332 |
| Investment income | $337 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $21,195 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,761,231 |
| 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. | $115,681 |
| Compensation of current officers, directors, key employees. | $38,522 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,893,175 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $689,880 |
| Payroll taxes | $226,933 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,565 |
| Fees for services: Accounting | $24,758 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $129,611 |
| Advertising and promotion | $0 |
| Office expenses | $57,299 |
| Information technology | $37,919 |
| Royalties | $0 |
| Occupancy | $48,200 |
| 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 | $306,902 |
| Insurance | $107,251 |
| All other expenses | $539,102 |
| Total functional expenses | $5,706,115 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,135,880 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $117,578 |
| 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 | $41,665 |
| Net Land, buildings, and equipment | $2,069,944 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,365,067 |
| Accounts payable and accrued expenses | $96,241 |
| Grants payable | $0 |
| Deferred revenue | $4,000 |
| 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 | $100,241 |
| Net assets without donor restrictions | $2,839,580 |
| Net assets with donor restrictions | $425,246 |
| 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 | $3,365,067 |