Form 990 for tax year 2025
Filed by MCCORD MEMORIAL LIBRARY ASSOCIATION.
Totals
- Total revenue
- $425,109
- Total expenses
- $433,160
- Contributions and grants received
- $290,773
- Grants paid
- $0
- Program service revenue
- $18,995
- Investment income
- $109,836
- Other revenue
- $5,505
- Total assets, end of year
- $3,956,004
- Total liabilities, end of year
- $3,719
- Net assets or fund balances, end of year
- $3,952,285
- Program services expenses (Part IX)
- $395,139
- Management and general expenses
- $38,021
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $395,139
Program services were 91.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$149,504
-
1f · All other contributions, gifts and grants
$141,269
-
2a · Program service revenue: Programs, fines and fe
total $18,995 · related or exempt $18,995
-
3 · Investment income
total $67,125 · excluded $67,125
-
7a · Gross sales of assets other than inventory
securities $871,196
-
7b · Less cost or other basis and sales expenses
securities $828,485
-
7c · Gain or loss
securities $42,711
-
7d · Net gain or loss
total $42,711 · excluded $42,711
-
8a · Fundraising events: gross income
$8,709
-
8b · Fundraising events: direct expenses
$3,204
-
8c · Net income from fundraising events
total $5,505 · excluded $5,505
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $166,205 · program services $157,895 · management and general $8,310
-
10 · Payroll taxes
total $12,714 · program services $12,078 · management and general $636
-
11c · Fees: accounting
total $4,915 · management and general $4,915
-
11f · Fees: investment management
total $17,701 · management and general $17,701
-
11g · Fees: other
total $1,126 · management and general $1,126
-
13 · Office expenses
total $13,952 · program services $11,367 · management and general $2,585
-
16 · Occupancy
total $14,929 · program services $12,988 · management and general $1,941
-
19 · Conferences, conventions and meetings
total $607 · management and general $607
-
24a · Other expenses: Maintenance
total $168,739 · program services $168,739
-
24b · Other expenses: Books & magazine
total $18,004 · program services $18,004
-
24c · Other expenses: Furniture/Equipment pur
total $10,339 · program services $10,339
-
24d · Other expenses: Audiovisual & computer
total $3,729 · program services $3,729
-
24e · All other expenses
total $200 · management and general $200
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $9,523 · end of year $18,252
-
10a · Land, buildings and equipment: cost or other basis
$1,618,839
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $1,618,839 · end of year $1,618,839
-
11 · Investments: publicly traded securities
beginning of year $2,171,559 · end of year $2,318,913
-
17 · Accounts payable and accrued expenses
beginning of year $2,803 · end of year $3,719
-
27 · Net assets without donor restrictions
beginning of year $3,797,118 · end of year $3,952,285
Mission and programs · 2025
Mission
Dedicated to serving the North East area by assembling, organizing, preserving and making accessible books, materials and evolving technologies to provide stimulation, education and recreation for all citizens.
Activities or mission (Part I)
Public Library
-
McCord Memorial Library has served the community of North East for 100 years. It is an independent library located in Erie County, Pennsylvania. It serves a community of approximately 12,000 inhabitants, of which over 10,000 are active library patrons. Its collection consists of over 45,000 items, including print and non-print items. The Library has a growing collection of audio and video titles, music CD's and computer software items for patron check out. The Library also provides internet access to its patrons free of charge. For its size, McCord maintains an extensive reference collection and a strong local history collection. They sponsor several juvenile story hours per week; do extensive community outreach to local preschools and local public and parochial schools; and provide extensive special juvenile programming to promote literacy. McCord also provides a full calendar of adult programs. They do significant on site and phone reference services; participate in Access PA; and provide countless other services to the residents of the community. McCord is an important, vital and integral member of the North East community, serving a varied clientele of children, students and adults.
Expenses $395,139 · Revenue $18,995
As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Nathan Sellers
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
April Boyd
President
- Total calculated
- $0
- Hours/week
- 1
-
Phyllis Hogue
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
Bill Beardsley
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Kara Haas
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Alli DiGilio
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Richard Bardol
Trustee
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 17 June 2026
- IRS schema version
- 2025v4.1
- Source object
- 202631739349300208
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