Open Library Of Richmond Inc
- Assets
- $39.5m
- Revenue
- $15.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Biddeford, ME
- Founding
- 01/2002
- Data as of
- 12/2021
- EIN
- 94-3400461
Organization Overview
Open Library Of Richmond Inc is located in Biddeford, ME. The organization was established in 2002. According to its NTEE Classification (B05) the organization is classified as: Research Institutes & Public Policy Analysis, 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. Open Library Of Richmond 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, Open Library Of Richmond Inc generated $15.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $14.0m during the year ending 12/2021. 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
PROVIDE TOOLS AND SERVICES TO FACILITATE UNIVERSAL ACCESS TO ALL KNOWLEDGE TO RESEARCHERS, HISTORIANS, SCHOLARS AND THE GENERAL PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATING FACILITIES AND SERVICES WITH THE GOAL OF THE PRESERVATION AND ACCESSING BOOKS AND OTHER CULTURAL WORKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jordan Modell Chairman | OfficerTrustee | 5 | $0 |
Lew Tucker CFO | OfficerTrustee | 5 | $0 |
Brewster Kahle Treasurer | Officer | 5 | $0 |
Meikle Hall Secretary | Officer | 5 | $0 |
Zara Haushmond Director | Trustee | 5 | $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 | $15,200,141 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,200,141 |
| Total Program Service Revenue | $0 |
| Investment income | $359,767 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$125,997 |
| 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 | $15,433,911 |
| 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 | $12,001,268 |
| 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 | $72,025 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $79,554 |
| Advertising and promotion | $293,291 |
| Office expenses | $15,207 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $95,622 |
| Travel | $9,594 |
| 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 | $268,202 |
| Insurance | $25,445 |
| All other expenses | $66,557 |
| Total functional expenses | $14,043,186 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $378,975 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,292 |
| 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 | $1,440 |
| Net Land, buildings, and equipment | $15,694,482 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $20,777,824 |
| Intangible assets | $0 |
| Other assets | $2,616,971 |
| Total assets | $39,481,984 |
| Accounts payable and accrued expenses | $101,510 |
| 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 | $38,200 |
| Total liabilities | $139,710 |
| Net assets without donor restrictions | $39,342,274 |
| 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 | $39,481,984 |
Grants Awarded
Over the last fiscal year, Open Library Of Richmond Inc has awarded $790,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Biddeford, ME PURPOSE: General Support | $750,000 |
Biddeford, ME PURPOSE: General Support | $30,000 |
BOB MIZER FOUNDATION PURPOSE: Education | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Open Library Of Richmond Inc has recieved totaling $9,835,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $9,085,000 |
Open Library Of Richmond Inc Biddeford, ME PURPOSE: General Support | $750,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Measured Progress Inc Dover, NH | $0 | $29,790,166 |
Open Library Of Richmond Inc Biddeford, ME | $39,481,984 | $15,433,911 |
New Hampshire Learning Initiative Inc Hampton, NH | $2,353,198 | $2,093,786 |
Educate Maine Portland, ME | $1,112,374 | $852,659 |
The Maine Heritage Policy Center Portland, ME | $318,158 | $1,075,647 |
Mdm Observatory Consortium Inc Hanover, NH | $1,512,968 | $518,051 |
Tidemark Institute Inc Damariscotta, ME | $201,124 | $246,268 |
Save Our Libraries Institute Biddeford, ME | $472,606 | $698,829 |
Education Action Forum Of Maine Portland, ME | $124,334 | $0 |
Independent School Gender Project North Conway, NH | $100,546 | $0 |