Essex Public Library
- Assets
- $813.3k
- Revenue
- $167.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Tappahannock, VA
- Founding
- 08/1979
- Data as of
- 06/2021
- EIN
- 51-0238359
Organization Overview
Essex Public Library is located in Tappahannock, VA. The organization was established in 1979. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Essex 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 06/2021, Essex Public Library generated $167.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $124.1k during the year ending 06/2021. While expenses have increased by 4.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LIBRARY AND SERVICES TO THE RESIDENTS OF THE COUNTY OF ESSEX AND TOWN OF TAPPAHANNOCK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE LIBRARY AND SERVICES TO THE RESIDENTS OF THE COUNTY OF ESSEX AND TOWN OF TAPPAHANNOCK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Dolan Vice Chair | OfficerTrustee | 1 | $0 |
Chris Bowden Treasurer | OfficerTrustee | 1 | $0 |
Robert Lafollette Chairperson | OfficerTrustee | 1 | $0 |
Dr Gene Quarles Board Member | Trustee | 1 | $0 |
Rev Cornelius Holmes Board Member | Trustee | 1 | $0 |
Melissa Ware Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $100,780 |
| Investment income | $45,795 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,492 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $167,432 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,692 |
| Advertising and promotion | $552 |
| Office expenses | $9,089 |
| Information technology | $21,447 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $306 |
| 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 | $0 |
| Total functional expenses | $124,123 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,358 |
| Savings and temporary cash investments | $1,910 |
| 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 |
| Investments—publicly traded securities | $763,078 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $813,346 |
| Accounts payable and accrued expenses | $473 |
| 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 | $473 |
| 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 |
| Total liabilities and net assets/fund balances | $812,873 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Essex Public Library has recieved totaling $9,081.
| Awarding Organization | Amount |
|---|---|
Kids Need To Read Mesa, AZ PURPOSE: READING RESOURCES PROVIDED TO UNDERFUNDED LITERACY PROGRAMS TO INCREASE READING PROFICIENCY LEVELS AMONG DISADVANTAGED CHILDREN. | $9,081 |
Endowment Analysis
| Beg. Balance | $597,533 |
| Earnings | $195,495 |
| Other Expense | $26,950 |
| Ending Balance | $763,078 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Prince Georges County Memorial Library System Largo, MD | $19,703,287 | $35,335,320 |
Public Library Association Of Annapolis And A A Co Inc Annapolis, MD | $38,305,116 | $29,732,836 |
Washington County Free Library Hagerstown, MD | $16,301,833 | $8,756,633 |
Washington Research Library Consortium Upper Marlboro, MD | $19,082,145 | $5,815,985 |
Loyola-Notre Dame Library Inc Baltimore, MD | $17,276,844 | $4,820,071 |
Cabell County Public Library Huntington, WV | $12,674,770 | $6,152,653 |
Wicomico County Free Library Inc Salisbury, MD | $3,745,578 | $3,405,166 |
Friends Committee On National Legislation Washington, DC | $7,160,459 | $3,361,145 |
Southern Maryland Regional Library Association Inc Charlotte Hall, MD | $4,649,230 | $3,547,495 |
Fontana Regional Library Bryson City, NC | $3,949,070 | $3,576,120 |
Blackwater Regional Library Courtland, VA | $2,907,987 | $2,595,036 |
Cli Prison Alliance Inc Raleigh, NC | $1,246,885 | $2,394,225 |