Frankford Public Library Ltd
- Assets
- $403.9k
- Revenue
- $316.4k
- Investments
- $0.0
- Employees
- 9
- Location
- Frankford, DE
- Founding
- 11/1994
- Data as of
- 06/2022
- EIN
- 51-0185831
Organization Overview
Frankford Public Library Ltd is located in Frankford, DE. The organization was established in 1994. 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, Frankford Public Library Ltd employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frankford Public Library Ltd 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, Frankford Public Library Ltd generated $316.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $251.8k during the year ending 06/2022. While expenses have increased by 0.9% 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
THE FRANKFORD PUBLIC LIBRARY PROVIDES ACCESS TO INFORMATION AND LIBRARY MATERIALS TO RESIDENTS AND VISITORS OF SUSSEX COUNTY IN THE STATE OF DELAWARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FRANKFORD PUBLIC LIBRARY PROVIDES ACCESS TO INFORMATION AND LIBRARY MATERIALS TO RESIDENTS AND VISITORS OF SUSSEX COUNTY IN THE STATE OF DELAWARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bonita B Elliott Director | Trustee | 37.5 | $44,893 |
Beverly Stravena President | OfficerTrustee | 8 | $0 |
Marlene Biddinger Member | OfficerTrustee | 5 | $0 |
Christine Bauer Treasurer | OfficerTrustee | 8 | $0 |
Joseph Baumann Member | Trustee | 5 | $0 |
Cynthia Timmerman Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $41 |
| Related organizations | $0 |
| Government grants | $304,880 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,121 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $311,042 |
| Total Program Service Revenue | $2,265 |
| Investment income | $1,590 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,492 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $316,389 |
| 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 | $149,490 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,065 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,884 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10 |
| Fees for services: Other | $26,012 |
| Advertising and promotion | $944 |
| Office expenses | $9,368 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,428 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,356 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,225 |
| All other expenses | $0 |
| Total functional expenses | $251,782 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $226,327 |
| Savings and temporary cash investments | $20,000 |
| 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 | $157,622 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $403,949 |
| 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 | $3,959 |
| Total liabilities | $3,959 |
| 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 | $399,990 |
| Total liabilities and net assets/fund balances | $403,949 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Frankford Public Library Ltd has recieved totaling $4,500.
| Awarding Organization | Amount |
|---|---|
Carl M Freeman Foundation Inc Selbyville, DE PURPOSE: EDUCATION | $2,500 |
Dollar General Literacy Foundation Goodlettsville, TN PURPOSE: SUMMER READING PROGRAM | $2,000 |
Endowment Analysis
| Beg. Balance | $3,917 |
| Earnings | -$421 |
| Admin Expense | $45 |
| Ending Balance | $3,451 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Prince Georges County Memorial Library System Largo, MD | $19,703,287 | $35,335,320 |
Carnegie Library Of Pittsburgh Pittsburgh, PA | $129,763,715 | $43,541,952 |
Public Library Association Of Annapolis And A A Co Inc Annapolis, MD | $38,305,116 | $29,732,836 |
Allegheny County Library Assoc Pittsburgh, PA | $1,615,297 | $12,970,956 |
The Free Library Of Philadelphia Philadelphia, PA | $55,485,474 | $14,690,366 |
Bucks County Free Library Doylestown, PA | $22,091,549 | $9,285,989 |
Science History Institute Support Company Philadelphia, PA | $170,290,036 | $11,212,295 |
Dauphin County Library System Harrisburg, PA | $25,002,394 | $9,527,130 |
Washington County Free Library Hagerstown, MD | $16,301,833 | $8,756,633 |
York County Library System York, PA | $12,667,989 | $7,212,125 |
Pennsylvania Academic Library Consortium Inc Drexel Hill, PA | $3,964,819 | $6,669,541 |
Washington Research Library Consortium Upper Marlboro, MD | $19,082,145 | $5,815,985 |