Library Company Of The Baltimore Bar
- Assets
- $1.6m
- Revenue
- $376.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Baltimore, MD
- Founding
- 08/1948
- Data as of
- 09/2022
- EIN
- 52-0591622
Organization Overview
Library Company Of The Baltimore Bar is located in Baltimore, MD. The organization was established in 1948. As of 09/2022, Library Company Of The Baltimore Bar employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Library Company Of The Baltimore Bar 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 09/2022, Library Company Of The Baltimore Bar generated $376.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $342.0k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (7.7%) per year over the past 7 years. 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 LIBRARY COMPANY OF BALTIMORE IS A LEGAL RESEARCH LIBRARY FOR JUDGES AND LAWYERS OF THE BALTIMORE BAR. IT IS SUPPORTED PRINCIPALLY BY MEMBERSHIP DUES, APPEARANCE FEES, AND INVESTMENT INCOME. NO UBI.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EVENTS TO PROMOTE THE LIBRARY AND ITS MISSION INCLUDE VARIOUS SPEAKERS, MOVIE NIGHT, AND OTHER ENGAGMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James B Astrachan Director | Trustee | 1 | $0 |
Antinio Gioia Director | Trustee | 1 | $0 |
John J Connolly Director | Trustee | 1 | $0 |
Honorable Wanda Keyes Heard Director | Trustee | 1 | $0 |
Name Not Listed Executive Director | Trustee | 40 | $0 |
Bryant S Green Esquire Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,775 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,775 |
| Total Program Service Revenue | $249,727 |
| Investment income | $113,630 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $376,132 |
| 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. | $123,937 |
| Compensation of current officers, directors, key employees. | $123,937 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $80,825 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $56,444 |
| Payroll taxes | $15,075 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $1,038 |
| 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 | $16,105 |
| Total functional expenses | $341,990 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,431 |
| Savings and temporary cash investments | $0 |
| 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 | $1,604,425 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,607,856 |
| Accounts payable and accrued expenses | $36 |
| 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 | $36 |
| 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 | $1,607,820 |
| Total liabilities and net assets/fund balances | $1,607,856 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Library Company Of The Baltimore Bar has recieved totaling $31,500.
| Awarding Organization | Amount |
|---|---|
Anne Arundel Economic Development Corporation Annapolis, MD PURPOSE: COVID RELIEF - CHILCARE PROVIDER SUPPORT (CPS) | $26,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alfred P Sloan Foundation New York, NY | $2,105,880,634 | $192,527,982 |
Union University Jackson, TN | $193,669,100 | $103,290,604 |
Seton Hill University Greensburg, PA | $189,465,294 | $99,847,300 |
Dyouville College Buffalo, NY | $237,922,794 | $97,566,880 |
Marywood University Scranton, PA | $244,412,152 | $100,984,557 |
Touro University New York, NY | $83,518,573 | $93,950,601 |
Saint Francis University Loretto, PA | $151,334,265 | $103,685,117 |
Wittenberg College Board Of Directors Springfield, OH | $198,135,859 | $89,178,248 |
Dalton Schools Inc New York, NY | $268,184,018 | $87,154,384 |
Juniata College Huntingdon, PA | $246,892,473 | $100,031,718 |
Lenoir-Rhyne University Hickory, NC | $251,750,614 | $101,403,823 |
Gardner-Webb University Boiling Springs, NC | $163,499,840 | $100,956,877 |