Rosenberg Library Association
- Assets
- $38.5m
- Revenue
- $5.3m
- Investments
- $19.6m
- Employees
- 48
- Location
- Galveston, TX
- Founding
- 02/1941
- Data as of
- 09/2022
- EIN
- 74-1143072
Organization Overview
Rosenberg Library Association is located in Galveston, TX. The organization was established in 1941. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 09/2022, Rosenberg Library Association employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rosenberg Library Association 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 09/2022, Rosenberg Library Association generated $5.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $5.3m during the year ending 09/2022. While expenses have increased by 3.1% 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
OPERATION OF PUBLIC LIBRARY
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A PUBLIC LIBRARY. PURCHASE OF BOOKS & PERIODICALS, PROVIDE STAFF FOR LIBRARY OPERATIONS, PROVIDE OCCUPANCY EXPENSES FOR LIBRARY FACILITIES, PROVIDE OTHER COSTS FOR LIBRARY OPERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael C Miller Executive Di | Officer | 40 | $97,785 |
Michael C Doherty President | OfficerTrustee | 2 | $0 |
Dancie Perugini Ware Vice Preside | OfficerTrustee | 2 | $0 |
Bille Hoskins Secretary | OfficerTrustee | 2 | $0 |
Eugene Hornstein Assistant Se | OfficerTrustee | 2 | $0 |
Roland L Bassett Treasurer | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tdi Industries Hvac Project | 9/29/22 | $303,498 |
Overdrive Inc Circulating Mat | 9/29/22 | $240,759 |
Baker Taylor Lib. Books | 9/29/22 | $142,582 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,201,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $407,235 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,609,035 |
| Total Program Service Revenue | $0 |
| Investment income | $662,851 |
| 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 | $5,322,146 |
| 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 | $2,789,971 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $85,003 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $635,908 |
| Travel | $5,917 |
| 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 | $646,947 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $5,339,745 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,106 |
| Savings and temporary cash investments | $2,174,022 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $38,278 |
| 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 | $102,977 |
| Net Land, buildings, and equipment | $12,863,994 |
| Investments—publicly traded securities | $3,726,081 |
| Investments—other securities | $19,612,977 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $38,547,435 |
| Accounts payable and accrued expenses | $303,202 |
| 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 | $303,202 |
| Net assets without donor restrictions | $4,451,248 |
| Net assets with donor restrictions | $33,792,985 |
| 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 | $38,547,435 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Rosenberg Library Association has recieved totaling $5,178.
| Awarding Organization | Amount |
|---|---|
J F Seinsheimer Jr Charitable Foundation Galveston, TX PURPOSE: GENERAL | $2,000 |
Edward And Ellen Randall Foundation Hondo, TX PURPOSE: GENERAL PURPOSE | $2,000 |
Brown Foundation Inc Houston, TX PURPOSE: RECONSTRUCTION FUND | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $178 |
Endowment Analysis
| Beg. Balance | $28,878,357 |
| Earnings | -$4,576,792 |
| Other Expense | $866,901 |
| Ending Balance | $23,339,058 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pioneer Library System Norman, OK | $5,931,448 | $15,507,691 |
Amigos Library Services Addison, TX | $13,779,793 | $13,572,299 |
Houston Academy Of Medicine Houston, TX | $57,192,263 | $9,726,228 |
Rosenberg Library Association Galveston, TX | $38,547,435 | $5,322,146 |
Texas Rangers Baseball Foundation Arlington, TX | $31,952,885 | $4,231,744 |
Texas Library Association Austin, TX | $3,885,906 | $2,023,532 |
Nicholas P Sims Library And Lyceum Waxahachie, TX | $6,016,321 | $1,456,902 |
T L L Temple Memorial Library & Archives Diboll, TX | $4,162,289 | $853,055 |
Jal Public Library Fund Jal, NM | $27,094,564 | $3,040,405 |
Mid-Continent Geological Library Inc Edmond, OK | $1,595,859 | $293,509 |
Bexar County Medical Library Association San Antonio, TX | $5,494,674 | $707,549 |
Baxter County Public Library Foundation Mountain Home, AR | $16,285,852 | $1,717,999 |