Wicomico County Free Library Inc
- Assets
- $3.9m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 58
- Location
- Salisbury, MD
- Founding
- 05/2005
- Data as of
- 06/2023
- EIN
- 52-0658332
Organization Overview
Wicomico County Free Library Inc is located in Salisbury, MD. The organization was established in 2005. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 06/2023, Wicomico County Free Library Inc employed 58 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wicomico County Free Library Inc 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 06/2023, Wicomico County Free Library Inc generated $3.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $3.3m during the year ending 06/2023. While expenses have increased by 2.7% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES BOOKS, AUDIO VISUAL, & OTHER MATERIALS TO THE PUBLIC
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVES PATRONS OF WICOMICO COUNTY AND OTHER LOWER SHORE COUNTIES IN MARYLAND BY PROVIDING FREE ACCESS TO BOOKS, AUDIO-VISUAL MATERIALS, INTERNET ACCESS, BOOKMOBILE SERVICES, CHILDREN'S PROGRAMS, AND OTHER SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Audrey Orr Chairperson | OfficerTrustee | 2 | $0 |
Charles Dashiell ESQ Vice-Chair | OfficerTrustee | 2 | $0 |
Karen Treber ESQ Treasurer | OfficerTrustee | 5 | $0 |
George Demko PHD Secretary | OfficerTrustee | 2 | $0 |
Michele Canopii Immediate Past Chair | OfficerTrustee | 2 | $0 |
Maida Finch PHD Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,111,337 |
| All other contributions, gifts, grants, and similar amounts not included above | $87,139 |
| Noncash contributions included in lines 1a–1f | $189,382 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,198,476 |
| Total Program Service Revenue | $33,576 |
| Investment income | $18,133 |
| 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 | $3,288,309 |
| 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. | $102,769 |
| Compensation of current officers, directors, key employees. | $102,769 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,505,094 |
| Pension plan accruals and contributions | $192,972 |
| Other employee benefits | $318,856 |
| Payroll taxes | $118,894 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $90,513 |
| Advertising and promotion | $397 |
| Office expenses | $58,763 |
| Information technology | $5,751 |
| Royalties | $0 |
| Occupancy | $72,808 |
| Travel | $13,916 |
| 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 | $64,150 |
| Total functional expenses | $3,346,674 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $405,328 |
| Savings and temporary cash investments | $1,227,779 |
| Pledges and grants receivable | $21,315 |
| Accounts receivable, net | $2,888 |
| 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 | $2,236,002 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $36,137 |
| Total assets | $3,929,449 |
| Accounts payable and accrued expenses | $150,315 |
| Grants payable | $0 |
| Deferred revenue | $8,681 |
| 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 | $158,996 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,314,890 |
| Paid-in or capital surplus, or land, building, or equipment fund | $2,236,002 |
| Retained earnings, endowment, accumulated income, or other funds | $219,561 |
| Total liabilities and net assets/fund balances | $3,929,449 |