E W Montgomery Trusteeship
- Assets
- $567.8k
- Revenue
- $118.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Jewell, IA
- Founding
- 03/1988
- Data as of
- 06/2022
- EIN
- 42-1111284
Organization Overview
E W Montgomery Trusteeship is located in Jewell, IA. The organization was established in 1988. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 06/2022, E W Montgomery Trusteeship employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. E W Montgomery Trusteeship 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, E W Montgomery Trusteeship generated $118.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $103.1k during the year ending 06/2022. While expenses have increased by 2.1% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PUBLIC LIBRARY SERVING THE RESIDENTS OF THE CITY OF JEWELL, IOWA, POPULATION 1,215 PEOPLE AND THE RESIDENTS OF HAMILTON COUNTY, IOWA, POPULATION OF 15,673 PEOPLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MONTGOMERY MEMORIAL LIBRARY HAD A CIRCULATION OF 10,346 PHYSICAL ITEMS AND 2,051 DOWNLOADABLE ITEMS. THERE ARE 758 REGISTERED USERS OF THE LIBRARY. THERE WERE A TOTAL OF 125 LIBRABRY PROGRAMS FOR CHILDREN, YOUNG ADULTS, AND ADULTS. THERE WERE A TOTAL OF 1,752 PEOPLE WHO ATTENDED THESE PROGRAMS. THERE WAS A TOTAL OF 6,707 PEOPLE WHO USED THE LIBRARY AND THERE WERE 14 PEOPLE WHO UTILIZED CURBSIDE PICKUPS AND THERE WERE 21 PEOPLE WHO UTILIZED DELIVERY TO PATRONS (THIS IS A NEW SERVICE OFFERED THIS YEAR).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Koehnk Trustee | Trustee | 1 | $0 |
Ashley Watkins Trustee | Trustee | 1 | $0 |
Kristine Flaugh Trustee | Trustee | 1 | $0 |
Roxanne Young Librarian | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,531 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $91,931 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,225 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $95,687 |
| Total Program Service Revenue | $0 |
| Investment income | $15,669 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,228 |
| 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 | $118,584 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $47,606 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,925 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $500 |
| 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 | $0 |
| Office expenses | $1,393 |
| 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 | $0 |
| All other expenses | $7,278 |
| Total functional expenses | $103,147 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $258,335 |
| 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 | $309,460 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $567,795 |
| 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 | $567,795 |
| 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 | $567,795 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that E W Montgomery Trusteeship has recieved totaling $25,461.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $25,461 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tenant Resource Center Inc Madison, WI | $4,020,377 | $17,889,286 |
Newberry Library Chicago, IL | $102,026,436 | $14,465,930 |
Mobius Columbia, MO | $4,062,831 | $7,262,645 |
Community Resource Center Inc Centralia, IL | $6,773,469 | $4,197,743 |
Arrowhead Library System Mountain Iron, MN | $7,916,564 | $3,392,560 |
Community Information Trust Omaha, NE | $18,420,748 | $2,358,228 |
Society Of Ameican Archivists Chicago, IL | $2,453,867 | $2,207,330 |
Little Free Library Ltd St Paul, MN | $2,366,645 | $3,222,101 |
The Charlemagne Institute Bloomington, MN | $4,134,253 | $802,178 |
Traverse Des Sioux Library System Mankato, MN | $2,660,505 | $1,793,930 |
Hoover Presidential Foundation West Branch, IA | $16,155,016 | $4,574,597 |
Masonic Temple Education Center Ballwin, MO | $310,997 | $1,687 |