Allegany County Library
- Assets
- $9.3m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 25
- Location
- Cumberland, MD
- Founding
- 10/1952
- Data as of
- 06/2022
- EIN
- 52-6001505
Organization Overview
Allegany County Library is located in Cumberland, MD. The organization was established in 1952. As of 06/2022, Allegany County Library employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Allegany County Library 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, Allegany County Library generated $4.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $2.3m during the year ending 06/2022. While expenses have increased by 0.7% 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
THE ALLEGANY COUNTY LIBRARY SYSTEM ENRICHES OUR COMMUNITY BY PROVIDING INFORMATION RESOURCES, SERVICES, AND PROGRAMS TO PROMOTE READING, LIFELONG LEARNING, AND OPPORTUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A PUBLIC LIBRARY SYSTEM CONSISTING OF SIX BRANCHES IN ALLEGANY COUNTY, MARYLAND.
THE ALLEGANY COUNTY LIBRARY SYSTEM ENRICHES OUR COMMUNITY BY PROVIDING INFORMATION RESOURCES, SERVICES, AND PROGRAMS TO PROMOTE READING, LIFELONG LEARNING, AND OPPORTUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Bingman Secretary | OfficerTrustee | $0 | |
Debra Hendrickson Treasurer | OfficerTrustee | $0 | |
Terry Michaels President | OfficerTrustee | $0 | |
Renee Kniseley Trustee | Trustee | $0 | |
Juli Mccoy Trustee | Trustee | $0 | |
Sue Rudd Trustee | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,385,432 |
| All other contributions, gifts, grants, and similar amounts not included above | $386,823 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,772,255 |
| Total Program Service Revenue | $0 |
| Investment income | $2,849 |
| 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 | $4,796,279 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,057,507 |
| Pension plan accruals and contributions | $158,015 |
| Other employee benefits | $9,143 |
| Payroll taxes | $81,546 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,382 |
| 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 | $8,769 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $92,510 |
| 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 | $342,925 |
| Insurance | $255,916 |
| All other expenses | $0 |
| Total functional expenses | $2,308,847 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $773,885 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $274,770 |
| 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 | $7,795 |
| Net Land, buildings, and equipment | $4,165,690 |
| Investments—publicly traded securities | $277,011 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,847,912 |
| Total assets | $9,347,063 |
| Accounts payable and accrued expenses | $308,172 |
| 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 | $298,617 |
| Total liabilities | $606,789 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $753,651 |
| Paid-in or capital surplus, or land, building, or equipment fund | $7,986,623 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,347,063 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Allegany County Library has recieved totaling $34,362.
| Awarding Organization | Amount |
|---|---|
Carl W Schafer Trust Uw Amherst, NY PURPOSE: EDUCATION | $17,223 |
The Community Trust Foundation Inc Cumberland, MD PURPOSE: PROJECT SUPPORT | $10,000 |
Kate Bill & Diane Foundation Detroit, MI PURPOSE: DAILY OPERATIONAL SUPPORT | $5,000 |
American Woodmark Foundation Inc Winchester, VA PURPOSE: ASSIST WITH THE ANNUAL SUMMER READING PROGRAM THAT INCLUDES STORYTIME, OUTDOOR EVENTS AND ART | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $139 |
Endowment Analysis
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 |