Talbot County Free Library Association Incorporated
- Assets
- $995.0k
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 41
- Location
- Easton, MD
- Founding
- 11/1975
- Data as of
- 06/2022
- EIN
- 52-0629774
Organization Overview
Talbot County Free Library Association Incorporated is located in Easton, MD. The organization was established in 1975. As of 06/2022, Talbot County Free Library Association Incorporated employed 41 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 06/2022, Talbot County Free Library Association Incorporated generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $1.9m during the year ending 06/2022. While expenses have increased by 3.5% 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
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 |
|---|---|---|---|
Dana Newman Executive Director | Trustee | 40 | $109,423 |
Susan Sherman President | Officer | 2 | $0 |
Robert Forloney Vice-President | Officer | 2 | $0 |
Charles Yonkers Secretary/treasurer | Officer | 2 | $0 |
Leslie Parkerson Trustee | Trustee | 2 | $0 |
Estela Ramirez Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $36,123 |
| Related organizations | $0 |
| Government grants | $1,648,575 |
| All other contributions, gifts, grants, and similar amounts not included above | $241,033 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,925,731 |
| Total Program Service Revenue | $93,949 |
| Investment income | $0 |
| 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 | $2,019,680 |
| 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. | $109,423 |
| Compensation of current officers, directors, key employees. | $109,423 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,039,987 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $200,713 |
| Payroll taxes | $85,156 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $47,265 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,670 |
| Advertising and promotion | $0 |
| Office expenses | $23,039 |
| Information technology | $15,297 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,805 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,935 |
| Interest | $8,962 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | -$18,228 |
| Insurance | $6,030 |
| All other expenses | $107,089 |
| Total functional expenses | $1,935,269 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $223,782 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $48,114 |
| 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 | $23,296 |
| Net Land, buildings, and equipment | $454,696 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $32,776 |
| Other assets | $212,298 |
| Total assets | $994,962 |
| Accounts payable and accrued expenses | $15,128 |
| 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 | $1,845,656 |
| Total liabilities | $1,860,784 |
| Net assets without donor restrictions | -$865,822 |
| 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 | $994,962 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Talbot County Free Library Association Incorporated has recieved totaling $75,000.
| Awarding Organization | Amount |
|---|---|
Eastern Shore Regional Library Inc Salisbury, MD PURPOSE: SERVICE ENHANCEMENT | $75,000 |
Endowment Analysis
| Beg. Balance | $113,140 |
| Earnings | -$8,962 |
| Other Expense | $122 |
| Ending Balance | $104,056 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Queen Annes County Free Library Centreville, MD | $3,534,978 | $5,055,509 |
Eastern Shore Regional Library Inc Salisbury, MD | $2,252,181 | $3,366,767 |
Bethlehem Area Public Library Bethlehem, PA | $2,187,158 | $3,094,855 |
Franklin County Library System Chambersburg, PA | $1,706,227 | $3,129,191 |
Rockingham Library Association Harrisonburg, VA | $9,275,406 | $2,755,751 |
Allegany County Library Cumberland, MD | $9,347,063 | $4,796,279 |
Luzerne County Library System Wilkesbarre, PA | $242,178 | $2,036,246 |
Altoona Area Public Library Altoona, PA | $2,980,766 | $2,595,800 |
Easton Area Public Library Easton, PA | $3,196,974 | $2,340,493 |
Talbot County Free Library Association Incorporated Easton, MD | $994,962 | $2,019,680 |
Lancaster Public Library Lancaster, PA | $9,027,517 | $3,183,372 |
Wissahickon Valley Public Library Blue Bell, PA | $7,205,487 | $1,924,736 |