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Nonprofiteer
← LAMONT MEMORIAL FREE LIBRARY

Form 990 for tax year 2023

Filed by LAMONT MEMORIAL FREE LIBRARY.

Totals

Total revenue
$74,508
Total expenses
$106,230
Contributions and grants received
$68,616
Grants paid
$0
Program service revenue
$9,340
Investment income
-$3,448
Other revenue
$0
Total assets, end of year
$549,222
Total liabilities, end of year
$187
Net assets or fund balances, end of year
$549,035
Program services expenses (Part IX)
$64,981
Management and general expenses
$41,249
Fundraising expenses
$0
Program service expenses (Part III)
$64,981

Program services were 61.2% 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)

    $66,131

  • 1f · All other contributions, gifts and grants

    $2,485

  • 2a · Program service revenue: LIBRARY RELATED

    total $9,340 · related or exempt $9,340

  • 3 · Investment income

    total $7,596 · related or exempt $7,596

  • 7a · Gross sales of assets other than inventory

    securities $110,787

  • 7b · Less cost or other basis and sales expenses

    securities $121,831

  • 7c · Gain or loss

    securities -$11,044

  • 7d · Net gain or loss

    total -$11,044 · related or exempt -$11,044

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $34,580 · program services $25,935 · management and general $8,645

  • 7 · Other salaries and wages

    total $18,316 · program services $13,737 · management and general $4,579

  • 9 · Other employee benefits

    total $9,765 · program services $7,324 · management and general $2,441

  • 11f · Fees: investment management

    total $3,180 · management and general $3,180

  • 11g · Fees: other

    total $5,900 · program services $2,065 · management and general $3,835

  • 16 · Occupancy

    total $4,202 · program services $2,101 · management and general $2,101

  • 22 · Depreciation, depletion and amortization

    total $10,519 · program services $1,516 · management and general $9,003

  • 23 · Insurance

    total $2,649 · management and general $2,649

  • 24a · Other expenses: EQUIPMENT

    total $1,475 · management and general $1,475

  • 24b · Other expenses: PROGRAM EXPENSES

    total $2,763 · program services $2,763

  • 24c · Other expenses: BOOKS & PERIODICALS

    total $9,540 · program services $9,540

  • 24d · Other expenses: OFFICE

    total $3,262 · management and general $3,262

  • 24e · All other expenses

    total $79 · management and general $79

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $30,652 · end of year $16,268

  • 10a · Land, buildings and equipment: cost or other basis

    $415,531

  • 10b · Land, buildings and equipment: accumulated depreciation

    $211,182

  • 10c · Land, buildings and equipment, net

    beginning of year $214,868 · end of year $204,349

  • 12 · Investments: other securities

    beginning of year $310,341 · end of year $303,605

  • 15 · Other assets

    beginning of year $25,000 · end of year $25,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $104 · end of year $187

  • 27 · Net assets without donor restrictions

    beginning of year $580,757 · end of year $549,035

Mission and programs · 2023

Mission

ENHANCE READING OF COMMUNITY

  • BOOKS & INFORMATION CIRCULATION (70%)

    Expenses $45,487

  • YOUTH ORIENTED PROGRAMS (20%)

    Expenses $12,996

  • ADULT ORIENTED PROGRAMS (10%)

    Expenses $6,498

As filed on the 2023 return.

Listed in Part VII

  • Page Anderson

    BD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rosan Morey

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Allison Filed

    BD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Linda Riccardi

    BD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Melanie Field

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Maryalice Griffin

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Colleen Rynders

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Heather Cobb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    30

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • VILLAGE OF MCGRAW

    section 1151 · OWNS BUILDING THAT LIBRARY IS IN

Provenance

Return type
form_990
Tax year
2023
Filed
6 November 2024
IRS schema version
2023v5.1
Source object
202423139349300542

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