Talbot County Free Library Association Incorporated
- Assets
- $1.8m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 40
- Location
- Easton, MD
- Founding
- 11/1975
- Data as of
- 06/2024
- EIN
- 52-0629774
Organization Overview
Talbot County Free Library Association Incorporated is located in Easton, MD. The organization was established in 1975. As of 06/2024, Talbot County Free Library Association Incorporated employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Talbot County Free Library Association Incorporated 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 06/2024, Talbot County Free Library Association Incorporated generated $2.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $2.2m during the year ending 06/2024. While expenses have increased by 4.1% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
GENERAL PUBLIC LIBRARY
Describe the Organization's Program Activity:
Part 3 - Line 4a
CIRCULATING LIBRARY - COMPLETE OPERATION OF THE LIBRARY WHICH IS OPEN TO THE GENERAL PUBLIC OF TALBOT COUNTY, MARYLAND.
COLLECTIONS AND EXHIBITS - INCREASING AND MAINTAINING THE COLLECTION OF BOOKS AND PERIODICALS
COMMUNITY SERVICES - PROVIDE PROGRAMS FOR COMMUNITY CHILDREN AND ADULT ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Regier Trustee | Trustee | 2 | $0 |
Estela Ramirez Trustee | Trustee | 2 | $0 |
Andrew Thaler Trustee | Trustee | 2 | $0 |
Dana Newman Executive Director | Trustee | 40 | $116,286 |
Becky Amaral Trustee | Trustee | 2 | $0 |
Don Abbatiello Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $36,393 |
| Related organizations | $0 |
| Government grants | $1,969,563 |
| All other contributions, gifts, grants, and similar amounts not included above | $414,722 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,420,678 |
| Total Program Service Revenue | $90,770 |
| Investment income | $354 |
| 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 | $2,511,802 |
| 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. | $116,286 |
| Compensation of current officers, directors, key employees. | $116,286 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,248,701 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $198,818 |
| Payroll taxes | $101,799 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $52,824 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,160 |
| Advertising and promotion | $0 |
| Office expenses | $23,438 |
| Information technology | $8,280 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,306 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,671 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | -$150,226 |
| Insurance | $6,365 |
| All other expenses | $95,370 |
| Total functional expenses | $2,185,456 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $406,923 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $119,794 |
| 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 | $6,015 |
| Net Land, buildings, and equipment | $703,579 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $15,295 |
| Other assets | $499,285 |
| Total assets | $1,750,891 |
| Accounts payable and accrued expenses | $30,577 |
| 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 | $2,148,383 |
| Total liabilities | $2,178,960 |
| Net assets without donor restrictions | -$428,069 |
| 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 | $1,750,891 |