Bainbridge Public Library Inc
- Assets
- $6.8m
- Revenue
- $1.1m
- Investments
- $2.0m
- Employees
- 0
- Location
- Bainbridge Island, WA
- Founding
- 03/1961
- Data as of
- 12/2022
- EIN
- 91-0757660
Organization Overview
Bainbridge Public Library Inc is located in Bainbridge Island, WA. The organization was established in 1961. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bainbridge Public 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 12/2022, Bainbridge Public Library Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $327.0k during the year ending 12/2022. While expenses have increased by 4.2% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO ENSURE A VIBRANT COMMUNITY SPACE DEDICATED TO THE JOY OF READING, THE DISCOVERY OF IDEAS, AND THE POWER OF INFORMATION BY OWNING, OPERATING AND MAINTAINING THE LIBRARY BUILDING AND GROUNDS. THE FACILITIES WERE DONATED BY THE PEOPLE OF BAINBRIDGE ISLAND IN 1961 AND CONTINUE TO BE FUNDED BY CONTRIBUTIONS RAISED THROUGH EFFORTS OF THE BOARD OF DIRECTORS. THE LIBRARY IS OPERATED BY KITSAP REGIONAL LIBRARY, A SEPARATE INDEPENDENT ORGANIZATION, WHICH PROVIDES MATERIALS, STAFF, AND TECHNICAL AND ADMINISTRATIVE SUPPORT.
Describe the Organization's Program Activity:
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Fox Board Member | Trustee | 4 | $0 |
Carol Schuyler President | OfficerTrustee | 10 | $0 |
Charles Browne Secretary | OfficerTrustee | 4 | $0 |
Denton Kiehle Board Member | Trustee | 5 | $0 |
Walter Yund Treasurer | OfficerTrustee | 6 | $0 |
Kip Bankart Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $945,359 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $945,359 |
| Total Program Service Revenue | $0 |
| Investment income | $111,666 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $25,061 |
| Net Gain/Loss on Asset Sales | -$110 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,085,996 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,500 |
| 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 | $14,152 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,286 |
| Advertising and promotion | $1,487 |
| Office expenses | $1,391 |
| Information technology | $2,819 |
| Royalties | $0 |
| Occupancy | $31,909 |
| Travel | $60 |
| 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 | $160,308 |
| Insurance | $2,702 |
| All other expenses | $4,660 |
| Total functional expenses | $327,040 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $134,647 |
| Savings and temporary cash investments | $122,446 |
| 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 | $2,899,068 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,018,763 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,619,861 |
| Total assets | $6,794,785 |
| 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 | $9,936 |
| Total liabilities | $9,936 |
| Net assets without donor restrictions | $5,775,437 |
| Net assets with donor restrictions | $1,009,412 |
| 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 | $6,794,785 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cedar Mill Community Library Association Of Washington County Portland, OR | $3,966,436 | $5,333,362 |
Community Library Association Inc Ketchum Sun Valley & Triumph Ketchum, ID | $24,030,804 | $4,468,077 |
King County Library System Foundation Issaquah, WA | $11,358,530 | $2,877,541 |
Bainbridge Public Library Inc Bainbridge Island, WA | $6,794,785 | $1,085,996 |
Friends Of The Seattle Public Library Seattle, WA | $286,168 | $195,943 |
Friends Of The Manchester Library Manchester, WA | $1,037,207 | $97,831 |
Friends Of The Eugene Public Library Eugene, OR | $104,602 | $0 |
The Corvallis-Benton County Public Library Foundation Inc Corvallis, OR | $2,889,683 | $853,255 |
Douglas County Library Foundation Roseburg, OR | $3,184,486 | $85,288 |
Friends Of The Salem Public Library Salem, OR | $157,356 | $0 |
Friends Of Lakewood Library Lakewood, WA | $27,390 | $0 |
Friends Of The Ada County District Library Inc Boise, ID | $45,039 | $0 |