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Nonprofiteer
← WILMINGTON INSTITUTE FREE LIBRARY

Form 990 for tax year 2023

Filed by WILMINGTON INSTITUTE FREE LIBRARY.

Totals

Total revenue
$3,877,241
Total expenses
$4,143,851
Contributions and grants received
$3,687,760
Grants paid
$0
Program service revenue
$37,517
Investment income
$63,806
Other revenue
$88,158
Total assets, end of year
$14,229,181
Total liabilities, end of year
$2,099,512
Net assets or fund balances, end of year
$12,129,669
Program services expenses (Part IX)
$3,690,763
Management and general expenses
$449,888
Fundraising expenses
$3,200
Program service expenses (Part III)
$3,690,763

Program services were 89.1% 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)

    $3,460,823

  • 1f · All other contributions, gifts and grants

    $226,937

  • 1g · Noncash contributions included above

    $459,000

  • 2a · Program service revenue: DESK RECEIPTS

    total $37,517 · related or exempt $37,517

  • 3 · Investment income

    total $98,333 · excluded $98,333

  • 7a · Gross sales of assets other than inventory

    securities $759,523

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

    securities $794,050

  • 7c · Gain or loss

    securities -$34,527

  • 7d · Net gain or loss

    total -$34,527 · related or exempt -$34,527

  • 11a · Other revenue: EVENT

    total $87,275 · related or exempt $87,275

  • 11b · Other revenue: MISCELLANEOUS

    total $883 · related or exempt $883

  • 11e · Other revenue, total

    $88,158

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $125,377 · program services $112,839 · management and general $12,538

  • 7 · Other salaries and wages

    total $1,088,282 · program services $979,453 · management and general $108,829

  • 9 · Other employee benefits

    total $171,882 · program services $154,695 · management and general $17,187

  • 10 · Payroll taxes

    total $90,347 · program services $81,312 · management and general $9,035

  • 11c · Fees: accounting

    total $84,523 · program services $76,071 · management and general $8,452

  • 11e · Fees: professional fundraising services

    total $3,200 · fundraising $3,200

  • 11f · Fees: investment management

    total $20,750 · management and general $20,750

  • 11g · Fees: other

    total $350,070 · program services $314,362 · management and general $35,708

  • 12 · Advertising and promotion

    total $495,320 · program services $438,029 · management and general $57,291

  • 13 · Office expenses

    total $50,000 · program services $44,999 · management and general $5,001

  • 16 · Occupancy

    total $631,333 · program services $568,200 · management and general $63,133

  • 17 · Travel

    total $25,081 · program services $22,573 · management and general $2,508

  • 20 · Interest

    total $34,655 · management and general $34,655

  • 22 · Depreciation, depletion and amortization

    total $518,265 · program services $466,438 · management and general $51,827

  • 24a · Other expenses: BOOKS

    total $145,094 · program services $145,094

  • 24b · Other expenses: UTILITIES

    total $132,258 · program services $119,032 · management and general $13,226

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $86,599 · program services $77,939 · management and general $8,660

  • 24d · Other expenses: PROGRAM ACTIVITIES

    total $77,587 · program services $77,587

  • 24e · All other expenses

    total $13,228 · program services $12,140 · management and general $1,088

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $282,851 · end of year $65,572

  • 9 · Prepaid expenses and deferred charges

    beginning of year $41,092 · end of year $41,296

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

    $13,574,994

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

    $4,401,179

  • 10c · Land, buildings and equipment, net

    beginning of year $9,390,713 · end of year $9,173,815

  • 11 · Investments: publicly traded securities

    beginning of year $3,414,668 · end of year $3,504,480

  • 15 · Other assets

    beginning of year $1,517,701 · end of year $1,444,018

  • 17 · Accounts payable and accrued expenses

    beginning of year $521,331 · end of year $155,494

  • 23 · Secured mortgages and notes payable

    beginning of year $500,000 · end of year $500,000

  • 25 · Other liabilities

    beginning of year $1,517,701 · end of year $1,444,018

  • 27 · Net assets without donor restrictions

    beginning of year $12,043,337 · end of year $12,065,013

  • 28 · Net assets with donor restrictions

    beginning of year $64,656 · end of year $64,656

Mission and programs · 2023

Mission

PROVIDE A DYNAMIC INFORMATION RESOURCE DESIGNED TO SATISFY THE EDUCATIONAL, CULTURAL, AND LITERARY NEEDS OF THE PUBLIC.

  • THE PRIVATELY FUNDED COLLECTION ENRICHMENT FUND EXPANDS PUBLICLY FUNDED SERVICES PROVIDED TO ALL PERSONS WITHIN THE COUNTY FOR EDUCATIONAL PURPOSES.

    Expenses $1,881,498 · Revenue $38,400

  • NEW CASTLE COUNTY FUND PROVIDES PUBLICLY FUNDED SERVICES IN THE FORM OF A PUBLIC LIBRARY. ACCESS TO INFORMATION & IDEAS IS PROVIDED TO ALL PERSONS WITHIN THE COUNTY FOR EDUCATION.

    Expenses $1,809,265

As filed on the 2023 return.

Listed in Part VII

  • Renee Mosley-Decollo

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • N Christopher Griffiths

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Samuel A Nolen Esq

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Brent Du Pont

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Terence J O'Byrne

    SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Wendell Fenton Esq

    MANAGER

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Neal J Howard Esq

    MANAGER

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Anthony W Lunger

    MANAGER

    Total calculated
    $0
    Hours/week
    2

  • The Hon Matthew S Meyer

    EX-OFFICIO

    Total calculated
    $0
    Hours/week
    1

  • The Hon Michael Purzycki

    EX-OFFICIO

    Total calculated
    $0
    Hours/week
    1

  • Mr Jamar Rahming

    EXECUTIVE DIRECTOR

    Total calculated
    $128,198
    From this org
    $119,465
    From related orgs
    $0
    Other
    $8,733
    Hours/week
    40 + 1 related

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.

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202541349349306254

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