Corbit Calloway Memorial Library
- Assets
- $2.8m
- Revenue
- $477.6k
- Investments
- $0.0
- Employees
- 8
- Location
- Odessa, DE
- Founding
- 02/1954
- Data as of
- 06/2022
- EIN
- 51-0078419
Organization Overview
Corbit Calloway Memorial Library is located in Odessa, DE. The organization was established in 1954. As of 06/2022, Corbit Calloway Memorial Library employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Corbit Calloway Memorial 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 06/2022, Corbit Calloway Memorial Library generated $477.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $465.1k 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 PROVIDE PUBLIC LIBARARY SERVICES TO THE COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
A PUBLIC LIBRARY WITH 42,881 CLIENTS SERVED AND CIRCULATION OF 45,073 PIECES OF MATERIAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Virginia Bricotto Secretary | Officer | $0 | |
Margaret Ryan President | Officer | $0 | |
Nicholas Mancuso Member | Officer | $0 | |
Sital Soni Member | Officer | $0 | |
Ron Vascik Treasurer | Officer | $0 | |
Scott Davis Member | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $313,160 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,544 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $320,704 |
| Total Program Service Revenue | $1,111 |
| Investment income | $50,313 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $105,459 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $477,587 |
| 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 | $263,019 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,800 |
| Payroll taxes | $20,121 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $37,198 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $17,661 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $67,844 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,625 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,829 |
| Insurance | $7,261 |
| All other expenses | $145 |
| Total functional expenses | $465,108 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $50,733 |
| 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 | $41,730 |
| Investments—publicly traded securities | $2,736,779 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,829,242 |
| 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 | $2,829,242 |
| Total liabilities and net assets/fund balances | $2,829,242 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Corbit Calloway Memorial Library has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Enoch Pratt Free Library Of Baltimore City Baltimore, MD | $234,974,900 | $48,157,400 |
Queen Annes County Free Library Centreville, MD | $3,534,978 | $5,055,509 |
Bergen County Cooperative Library System Inc Fair Lawn, NJ | $2,010,518 | $3,727,342 |
Franklin Township Public Library Association Somerset, NJ | $10,614,091 | $3,884,927 |
Eastern Shore Regional Library Inc Salisbury, MD | $2,252,181 | $3,366,767 |
Bethlehem Area Public Library Bethlehem, PA | $2,187,158 | $3,094,855 |
Franklin County Library System Chambersburg, PA | $1,706,227 | $3,129,191 |
Allegany County Library Cumberland, MD | $9,347,063 | $4,796,279 |
Luzerne County Library System Wilkesbarre, PA | $242,178 | $2,036,246 |
Altoona Area Public Library Altoona, PA | $2,980,766 | $2,595,800 |
Easton Area Public Library Easton, PA | $3,196,974 | $2,340,493 |
Talbot County Free Library Association Incorporated Easton, MD | $994,962 | $2,019,680 |