Harbor Springs Library
- Assets
- $569.7k
- Revenue
- $173.1k
- Investments
- $0.0
- Employees
- 5
- Location
- Harbor Springs, MI
- Founding
- 10/1946
- Data as of
- 09/2023
- EIN
- 38-1722820
Organization Overview
Harbor Springs Library is located in Harbor Springs, MI. The organization was established in 1946. As of 09/2023, Harbor Springs Library employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harbor Springs Library 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 09/2023, Harbor Springs Library generated $173.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $214.1k during the year ending 09/2023. While expenses have increased by 8.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE HARBOR SPRINGS LIBRARY IS TO FOSTER A LOVE OF READING, PROMOTE LIFELONG LEARNING, AND ENRICH OUR COMMUNITY, YOUNG AND OLD, BY PROVIDING FREE ACCESS TO A BROAD RANGE OF RESOURCES AND PROGRAMS, AS WELL AS TO SERVE AS STEWARDS OF THE HISTORIC LIBRARY BUILDING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIBRARY SERVICES PROVIDED TO THE GENERAL PUBLIC, INCLUDING CHILDRENS ACTIVITIES AND STORYTELLING, LECTURES, AL-ANON, MUSICIANS OPEN MIC NIGHT, COMPUTER CLASSES, COMPUTER AND INTERENET ACCESS, COPY SERVICES, DIGITAL CATALOG AND MELCAT SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Cummings Treasurer | Officer | 1 | $0 |
Kate Cohen Secretary | Officer | 1 | $0 |
Bill Weyland Trustee | Officer | 1 | $0 |
Laura Rose Trustee | Officer | 1 | $0 |
Eliece Aiman Vice President | Officer | 1 | $0 |
Tim Knapp President | Officer | 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 | $122,358 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $122,358 |
| Total Program Service Revenue | $4,627 |
| Investment income | $6,786 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $39,295 |
| 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 | $173,066 |
| 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. | $58,706 |
| 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 | $4,491 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,591 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $54 |
| Office expenses | $1,818 |
| Information technology | $3,314 |
| Royalties | $0 |
| Occupancy | $18,000 |
| 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 | $6,891 |
| Insurance | $6,498 |
| All other expenses | $83,157 |
| Total functional expenses | $214,124 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,047 |
| Savings and temporary cash investments | $258,443 |
| 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 | $485 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $152,544 |
| Investments—publicly traded securities | $73,189 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $569,708 |
| Accounts payable and accrued expenses | $1,742 |
| 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 | $1,742 |
| Net assets without donor restrictions | $567,966 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $569,708 |