Chincoteague Island Library Inc
- Assets
- $897.6k
- Revenue
- $87.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Chincoteague, VA
- Founding
- 05/1995
- Data as of
- 12/2021
- EIN
- 54-1641227
Organization Overview
Chincoteague Island Library Inc is located in Chincoteague, VA. The organization was established in 1995. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chincoteague Island 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 12/2021, Chincoteague Island Library Inc generated $87.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.6% each year . All expenses for the organization totaled $38.7k during the year ending 12/2021. While expenses have increased by 2.9% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FREE LIBRARY AND INFORMATION SERVICES INCLUDING INTERNET ACCESS FOR THE LOCAL COMMUNITY WITH EMPHASIS ON LITERACY AND CHILDREN'S READING PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FREE LIBRARY AND INFORMATION SERVICES WITH READING PROGRAMS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul J Miller President | OfficerTrustee | $0 | |
Aubrey Kurtz Secretary | OfficerTrustee | $0 | |
Carrole Welsh Treasurer | OfficerTrustee | $0 | |
Lisa Reed Vice Preside | OfficerTrustee | $0 | |
Linda Ryan Board Member | Trustee | $0 | |
Cynthia Wilder Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $280 |
| Membership dues | $0 |
| Fundraising events | $32,360 |
| Related organizations | $0 |
| Government grants | $5,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $48,338 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $85,978 |
| Total Program Service Revenue | $3,544 |
| Investment income | $94 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$2,035 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $87,581 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,170 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $581 |
| Fees for services: Other | $0 |
| Advertising and promotion | $100 |
| Office expenses | $680 |
| Information technology | $452 |
| Royalties | $0 |
| Occupancy | $23,300 |
| 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 | $3,176 |
| Insurance | $3,949 |
| All other expenses | $60 |
| Total functional expenses | $38,734 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,970 |
| Savings and temporary cash investments | $50,718 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $552,520 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $265,359 |
| Total assets | $897,567 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $897,567 |
| 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 | $897,567 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Chincoteague Island Library Inc has recieved totaling $36,200.
| Awarding Organization | Amount |
|---|---|
Hampton Roads Community Foundation Norfolk, VA PURPOSE: SUPPORT, UNSPECIFIED | $25,000 |
Cedarcrest Charitable Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $2,400 |
Cedarcrest Charitable Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $2,400 |
Cedarcrest Charitable Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $2,400 |
Hampton Roads Community Foundation Norfolk, VA PURPOSE: SUPPORT, UNSPECIFIED | $2,000 |
American Tower Charitable Foundation Inc Boston, MA PURPOSE: GENERAL PURPOSE | $1,000 |
Endowment Analysis
| Beg. Balance | $180,818 |
| Earnings | $45,316 |
| Admin Expense | $775 |
| Net Contributions | $40,000 |
| Ending Balance | $265,359 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Washington County Free Library Hagerstown, MD | $16,301,833 | $8,756,633 |
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 |
Cabell County Public Library Huntington, WV | $12,674,770 | $6,152,653 |
Wicomico County Free Library Inc Salisbury, MD | $3,745,578 | $3,405,166 |
Friends Committee On National Legislation Washington, DC | $7,160,459 | $3,361,145 |
Southern Maryland Regional Library Association Inc Charlotte Hall, MD | $4,649,230 | $3,547,495 |
Fontana Regional Library Bryson City, NC | $3,949,070 | $3,576,120 |
Blackwater Regional Library Courtland, VA | $2,907,987 | $2,595,036 |
Cli Prison Alliance Inc Raleigh, NC | $1,246,885 | $2,394,225 |
National Sporting Library Incorporated Middleburg, VA | $24,531,630 | $3,372,979 |
Tenn-Share Alcoa, TN | $1,129,556 | $1,846,388 |