Harbor Springs Library
- Assets
- $554.7k
- Revenue
- $188.5k
- Investments
- $0.0
- Employees
- 5
- Location
- Harbor Springs, MI
- Founding
- 10/1946
- Data as of
- 09/2021
- EIN
- 38-1722820
Organization Overview
Harbor Springs Library is located in Harbor Springs, MI. The organization was established in 1946. As of 09/2021, 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 09/2021, Harbor Springs Library generated $188.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $142.7k during the year ending 09/2021. While expenses have increased by 4.6% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE PUBLIC LIBRARY SERVICES IN HARBOR SPRINGS AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIBRARY SERVICES PROVIDED TO THE GENERAL PUBLIC, INCLUDING CHILDREN'S ACTIVITIES AND STORYTELLING, LECTURES, AL-ANON, MUSICIANS OPEN MIC NIGHT, COMPUTER CLASSES, COMPUTER AND INTERNET ACCESS, COPY SERVICES, DIGITAL CATALOG AND MELCAT SERVICES. REVENUE IS DOWN SIGNIFICANTLY BECAUSE OF COVID 19 CLOSURE REQUIREMENTS.
LIBRARY SERVICES PROVIDED TO THE GENERAL PUBLIC, INCLUDING CHILDREN'S ACTIVITIES AND STORYTELLING, LECTURES, AL-ANON, MUSICIANS OPEN MIC NIGHT, COMPUTER CLASSES, COMPUTER AND INTERNET ACCESS, COPY SERVICES, DIGITAL CATALOG AND MELCAT SERVICES. REVENUE IS DOWN SIGNIFICANTLY BECAUSE OF COVID 19 CLOSURE REQUIREMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Cummings Treasurer | OfficerTrustee | 1.25 | $0 |
Laura Kors Vice-Preside | OfficerTrustee | 1.25 | $0 |
Sandy Baker President | OfficerTrustee | 1.25 | $0 |
Eliece Aiman Trustee | Trustee | 1 | $0 |
Kathleen Hoogland Trustee | Trustee | 1 | $0 |
Tim Knapp Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $126,340 |
| Noncash contributions included in lines 1a–1f | $250 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $138,140 |
| Total Program Service Revenue | $823 |
| Investment income | $6,364 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $35,597 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $7,500 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $113 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $188,537 |
| 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. | $23,154 |
| Compensation of current officers, directors, key employees. | $12,543 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $47,234 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,385 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $665 |
| Fees for services: Accounting | $10,615 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $183 |
| Office expenses | $1,009 |
| Information technology | $8,668 |
| Royalties | $0 |
| Occupancy | $23,439 |
| 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 | $10,656 |
| Insurance | $316 |
| All other expenses | $0 |
| Total functional expenses | $142,672 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $138 |
| Savings and temporary cash investments | $208,158 |
| 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 | $2,398 |
| Net Land, buildings, and equipment | $166,887 |
| Investments—publicly traded securities | $176,627 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $554,693 |
| Accounts payable and accrued expenses | $7,012 |
| 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 | $45,368 |
| Total liabilities | $52,380 |
| Net assets without donor restrictions | $502,313 |
| 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 | $554,693 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Harbor Springs Library has recieved totaling $41,719.
| Awarding Organization | Amount |
|---|---|
Petoskey-Harbor Springs Area Community Foundation Petoskey, MI PURPOSE: GENERAL SUPPORT/CAPITAL CAMPAIGN | $18,250 |
Central Indiana Community Foundation Inc Indianapolis, IN PURPOSE: To Be Used at the Organization's Discretion | $7,500 |
Henry E & Consuelo S Wenger Foundation Inc White Lake, MI PURPOSE: SUPPORT MODERN LIBRARY | $5,000 |
Organization Name not Listed PURPOSE: EDUCATION | | $3,000 |
Charles Stewart Mott Foundation Flint, MI PURPOSE: FOR THE GENERAL PURPOSES OR OTHER CHARITABLE PURPOSES OF THE ORGANIZATION. | $3,000 |
Joseph J Schott Foundation Mount Pleasant, SC PURPOSE: GENERAL OPERATION | $2,500 |
Endowment Analysis
| Beg. Balance | $94,830 |
| Earnings | $26,929 |
| Admin Expense | $679 |
| Net Contributions | $34,100 |
| Ending Balance | $155,180 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Midwest Collaborative For Library Services Inc Lansing, MI | $15,149,263 | $26,161,639 |
Stark County District Library Canton, OH | $22,550,169 | $20,470,010 |
Willard Library Battle Creek, MI | $5,504,980 | $5,978,429 |
Willard Library Of Evansville Evansville, IN | $2,845,085 | $1,302,512 |
Hoyt Trust Saginaw, MI | $13,312,387 | $317,292 |
Galion Public Library Association Galion, OH | $2,277,244 | $693,780 |
Mabel Tainter Literary Library & Educational Society Menomonie, WI | $4,637,206 | $653,036 |
Peninsula Library & Historical Society Peninsula, OH | $2,480,822 | $546,522 |
Ligonier Public Library Ligonier, IN | $2,052,265 | $370,383 |
Detroit Public Library Friends Foundation Inc Detroit, MI | $4,265,630 | $310,193 |
Southeastern Wisconsin Information Technology Exchange Inc Milwaukee, WI | $184,005 | $425,122 |
Cleveland Public Library Foundation Cleveland, OH | $692,602 | $436,979 |