Wicomico County Free Library Inc
- Assets
- $3.7m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 60
- Location
- Salisbury, MD
- Founding
- 05/2005
- Data as of
- 06/2022
- 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 06/2022, Wicomico County Free Library Inc employed 60 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 06/2022, Wicomico County Free Library Inc generated $3.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $3.6m during the year ending 06/2022. While expenses have increased by 4.0% 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
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 |
|---|---|---|---|
Seth Hershberger Executive Director | OfficerTrustee | 40 | $91,058 |
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 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,285,176 |
| All other contributions, gifts, grants, and similar amounts not included above | $88,380 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,373,556 |
| Total Program Service Revenue | $33,533 |
| Investment income | -$1,923 |
| 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 | $3,405,166 |
| 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. | $91,058 |
| Compensation of current officers, directors, key employees. | $91,058 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,514,472 |
| Pension plan accruals and contributions | $225,436 |
| Other employee benefits | $292,914 |
| Payroll taxes | $122,907 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $51,128 |
| Advertising and promotion | $513 |
| Office expenses | $56,372 |
| Information technology | $2,557 |
| Royalties | $0 |
| Occupancy | $74,573 |
| Travel | $9,795 |
| 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 | $46,947 |
| Total functional expenses | $3,550,214 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $454,217 |
| Savings and temporary cash investments | $980,208 |
| Pledges and grants receivable | $268,216 |
| Accounts receivable, net | $2,567 |
| 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 | $2,006,873 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $33,497 |
| Total assets | $3,745,578 |
| Accounts payable and accrued expenses | $137,569 |
| Grants payable | $0 |
| Deferred revenue | $8,320 |
| 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 | $145,889 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,319,689 |
| Paid-in or capital surplus, or land, building, or equipment fund | $2,006,873 |
| Retained earnings, endowment, accumulated income, or other funds | $273,127 |
| Total liabilities and net assets/fund balances | $3,745,578 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Wicomico County Free Library Inc has recieved totaling $81,833.
| Awarding Organization | Amount |
|---|---|
Eastern Shore Regional Library Inc Salisbury, MD PURPOSE: SERVICE ENHANCEMENT | $75,000 |
United Way Of The Lower Eastern Shore Inc Salisbury, MD PURPOSE: COMMUNITY IMPACT GRANTS TO ASSIST ORGANIZATION TO ACCOMPLISH THEIR GOAL OF HELPING LOWER SHORE RESIDENTS. | $5,833 |
Arthur W Perdue Foundation Inc Wilmington, DE PURPOSE: SUMMER READING PROGRAM | $1,000 |
Endowment Analysis
| Beg. Balance | $36,057 |
| Earnings | $1,188 |
| Ending Balance | $37,245 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Allegheny County Library Assoc Pittsburgh, PA | $1,615,297 | $12,970,956 |
The Free Library Of Philadelphia Philadelphia, PA | $55,485,474 | $14,690,366 |
Bucks County Free Library Doylestown, PA | $22,091,549 | $9,285,989 |
Science History Institute Support Company Philadelphia, PA | $170,290,036 | $11,212,295 |
Dauphin County Library System Harrisburg, PA | $25,002,394 | $9,527,130 |
Washington County Free Library Hagerstown, MD | $16,301,833 | $8,756,633 |
York County Library System York, PA | $12,667,989 | $7,212,125 |
Pennsylvania Academic Library Consortium Inc Drexel Hill, PA | $3,964,819 | $6,669,541 |
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 |
Montgomery County Norristown Public Library Norristown, PA | $4,763,623 | $5,116,370 |
Theodore F Jenkins Memorial Law Library Company Philadelphia, PA | $9,335,246 | $5,145,858 |