Bixby Memorial Free Library
- Assets
- $890.3k
- Revenue
- $341.1k
- Investments
- $0.0
- Employees
- 6
- Location
- Vergennes, VT
- Founding
- 10/2003
- Data as of
- 06/2023
- EIN
- 41-2102562
Organization Overview
Bixby Memorial Free Library is located in Vergennes, VT. The organization was established in 2003. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 06/2023, Bixby Memorial Free Library employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bixby Memorial Free 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 06/2023, Bixby Memorial Free Library generated $341.1k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $320.1k during the year ending 06/2023. While expenses have increased by 5.9% per year over the past 3 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
BIXBY MEMORIAL LIBRARY PROVIDES OPPORTUNITIES FOR ITS FIVE TOWN COMMUNITY TO ENGAGE, DISCOVER AND LEARN. OUR VISION IS TO CREATE A VALUED AND THRIVING LIBRARY THAT SPARKS DELIGHT IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EACH YEAR, THE BIXBY MEMORIAL FREE LIBRARY WELCOMES THOUSANDS OF RESIDENTS OF THE FIVE-TOWN DISTRICT WHICH IT SERVES, PROVIDES BOOKS THROUGH ITS OUTREACH PROGRAMS TO CHILDREN IN LOCAL DAYCARE CENTERS, AND OFFERS A VARIETY OF EDUCATIONAL, ARTS AND LITERARY PROGRAMS TO ADULTS, TEENS AND CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erin Roche President/trustee | OfficerTrustee | 4 | $0 |
Marsha Hoffman Treasurer/trustee | OfficerTrustee | 8 | $0 |
Peter Welch Trustee | Trustee | 2 | $0 |
Silas Towler Trustee | Trustee | 2 | $0 |
Nancy Ramsen Trustee | Trustee | 8 | $0 |
Bethanie Farrell Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $90 |
| Fundraising events | $43,121 |
| Related organizations | $0 |
| Government grants | $218,207 |
| All other contributions, gifts, grants, and similar amounts not included above | $78,020 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $339,438 |
| Total Program Service Revenue | $0 |
| Investment income | $72 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,700 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$2,136 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $341,068 |
| 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. | $59,834 |
| Compensation of current officers, directors, key employees. | $23,934 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $128,466 |
| Pension plan accruals and contributions | $4,418 |
| Other employee benefits | $11,984 |
| Payroll taxes | $13,467 |
| Fees for services: Management | $1,601 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,523 |
| Office expenses | $9,742 |
| Information technology | $7,452 |
| Royalties | $0 |
| Occupancy | $27,602 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $655 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,548 |
| All other expenses | $0 |
| Total functional expenses | $320,107 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $136,184 |
| Savings and temporary cash investments | $0 |
| 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 | $754,162 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $890,346 |
| 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 | $890,346 |
| Total liabilities and net assets/fund balances | $890,346 |