Milford District Free Public Library Commission
- Assets
- $4.4m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 22
- Location
- Milford, DE
- Founding
- 09/1942
- Data as of
- 06/2023
- EIN
- 51-0099181
Organization Overview
Milford District Free Public Library Commission, operating under the name Milford Public Library, is located in Milford, DE. The organization was established in 1942. As of 06/2023, Milford Public Library employed 22 individuals. This organization is the central organization for a national or regional group of organizations. Milford Public 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, Milford Public Library generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $1.0m during the year ending 06/2023. While expenses have increased by 2.8% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
LIBRARY SERVICES FOR RESIDENTS OF MILFORD SCHOOL DISTRICT, KENT & SUSSEX COUNTIES INCLUDING PROVIDE ACCESS AND GUIDANCE TO INFORMATION AND MATERIALS TO FULFILL EDCUATIONAL, INFORMATIONAL, RECREATIONAL AND CULTURAL NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF THE LIBRARY TO SERVE ANY LIBRARY CARD HOLDER OF THE STATE OF DELAWARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lois Studte President | Officer | 2 | $0 |
Joe Zurzolo Vice President | Officer | 2 | $0 |
Ray Lynch Treasurer | Officer | 2 | $0 |
Denise Baker Secretary | Officer | 2 | $0 |
Patricia Calhoun At-Large | Officer | 2 | $0 |
Ella Wilkerson Director | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,053,619 |
| All other contributions, gifts, grants, and similar amounts not included above | $49,970 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,103,589 |
| Total Program Service Revenue | $10,480 |
| Investment income | $23,283 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $21,057 |
| Net Gain/Loss on Asset Sales | -$61,997 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,096,412 |
| 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. | $57,850 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $403,032 |
| Pension plan accruals and contributions | $9,993 |
| Other employee benefits | $33,727 |
| Payroll taxes | $35,177 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,358 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,697 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,144 |
| Office expenses | $17,973 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,992 |
| Travel | $1,097 |
| 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 | $153,587 |
| Insurance | $5,232 |
| All other expenses | $0 |
| Total functional expenses | $1,031,794 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $320 |
| Savings and temporary cash investments | $393,544 |
| 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 | $3,239,061 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $784,864 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,417,789 |
| 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 | $4,417,789 |
| 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 | $4,417,789 |