Totals
- Total revenue
- $6,767,254
- Total expenses
- $2,685,940
- Contributions and grants received
- $6,461,532
- Grants paid
- $0
- Program service revenue
- $90,709
- Investment income
- $173,865
- Other revenue
- $41,148
- Total assets, end of year
- $22,000,520
- Total liabilities, end of year
- $1,399,600
- Net assets or fund balances, end of year
- $20,600,920
- Program services expenses (Part IX)
- $1,905,106
- Management and general expenses
- $412,768
- Fundraising expenses
- $368,066
- Program service expenses (Part III)
- $1,905,106
Program services were 70.9% 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.
-
1a · Federated campaigns
$34,690
-
1c · Fundraising events
$18,000
-
1e · Government grants (contributions)
$685,855
-
1f · All other contributions, gifts and grants
$5,722,987
-
1g · Noncash contributions included above
$144,044
-
2a · Program service revenue: CHARGES, FINES, OVERDUES
total $85,278 · related or exempt $85,278
-
2b · Program service revenue: SALE OF LIBRARY MATERIALS
total $2,738 · related or exempt $2,738
-
2c · Program service revenue: REIMBURSEMENTS
total $2,693 · related or exempt $2,693
-
3 · Investment income
total $27,869 · excluded $27,869
-
7a · Gross sales of assets other than inventory
securities $315,209
-
7b · Less cost or other basis and sales expenses
securities $169,213
-
7c · Gain or loss
securities $145,996
-
7d · Net gain or loss
total $145,996 · related or exempt $145,996
-
8a · Fundraising events: gross income
$69,217
-
8a · Fundraising events: contributions included on line 1c
$18,000
-
8b · Fundraising events: direct expenses
$28,069
-
8c · Net income from fundraising events
total $41,148
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $102,009 · program services $86,708 · management and general $10,201 · fundraising $5,100
-
7 · Other salaries and wages
total $885,171 · program services $801,754 · management and general $39,158 · fundraising $44,259
-
8 · Pension plan contributions
total $37,555 · program services $33,799 · management and general $1,878 · fundraising $1,878
-
9 · Other employee benefits
total $79,468 · program services $71,522 · management and general $3,973 · fundraising $3,973
-
10 · Payroll taxes
total $86,186 · program services $77,568 · management and general $4,309 · fundraising $4,309
-
11b · Fees: legal
total $13,495 · program services $12,145 · management and general $675 · fundraising $675
-
11c · Fees: accounting
total $10,353 · management and general $10,353
-
11g · Fees: other
total $243,681 · program services $124 · management and general $499 · fundraising $243,058
-
12 · Advertising and promotion
total $7,045 · program services $942 · fundraising $6,103
-
13 · Office expenses
total $13,532 · program services $2,694 · management and general $673 · fundraising $10,165
-
16 · Occupancy
total $95,188 · program services $89,087 · management and general $4,760 · fundraising $1,341
-
17 · Travel
total $124 · program services $2 · management and general $122
-
19 · Conferences, conventions and meetings
total $2,747 · management and general $2,747
-
20 · Interest
total $252,315 · management and general $252,315
-
22 · Depreciation, depletion and amortization
total $549,653 · program services $467,205 · management and general $54,965 · fundraising $27,483
-
23 · Insurance
total $14,278 · program services $13,564 · management and general $714
-
24a · Other expenses: LIBRARY MATERIALS
total $158,964 · program services $158,964
-
24b · Other expenses: SUPPLIES
total $39,611 · program services $35,649 · management and general $1,981 · fundraising $1,981
-
24c · Other expenses: PROGRAMMING
total $36,493 · program services $36,493
-
24d · Other expenses: ADMININSTRATIVE FEES
total $14,476 · management and general $14,476
-
24e · All other expenses
total $43,596 · program services $16,886 · management and general $8,969 · fundraising $17,741
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $32,740 · end of year $100,220
-
2 · Savings and temporary cash investments
beginning of year $394,233 · end of year $667,204
-
4 · Accounts receivable
end of year $12,689
-
10a · Land, buildings and equipment: cost or other basis
$21,260,195
-
10b · Land, buildings and equipment: accumulated depreciation
$1,010,061
-
10c · Land, buildings and equipment, net
beginning of year $19,614,691 · end of year $20,250,134
-
11 · Investments: publicly traded securities
beginning of year $899,830 · end of year $916,898
-
15 · Other assets
beginning of year $53,375 · end of year $53,375
-
17 · Accounts payable and accrued expenses
beginning of year $9,682 · end of year $593
-
23 · Secured mortgages and notes payable
beginning of year $4,390,795 · end of year $1,399,007
-
27 · Net assets without donor restrictions
beginning of year $16,344,419 · end of year $20,600,920
-
28 · Net assets with donor restrictions
beginning of year $249,973
Mission and programs · 2024
Mission
KENNETT LIBRARY IS A REGIONAL PUBLIC LIBRARY OPEN TO ALL AND SERVING THE TOWNSHIPS OF KENNETT, EAST MARLBOROUGH, PENNSBURY, POCOPSON, NEWLIN, NEW GARDEN, WEST MARLBOROUGH AND THE BOROUGH OF KENNETT SQUARE. WE PROVIDE A PLACE FOR THE YOUNGEST TO THE OLDEST AND EVERYONE IN BETWEEN AND SERVE PEOPLE OF ALL INCOMES, AGES, AND NEEDS - FOR FREE. KENNETT LIBRARY'S MISSION IS TO IGNITE IMAGINATION, ENRICH LIVES, AND CREATE COMMUNITY WITH A VISION TO BE THE CATALYST FOR A COMMUNITY OF LIFELONG LEARNING AND DISCOVERY. WE CONNECT PEOPLE WITH READING, INFORMATION AND TECHNOLOGY TO EXPAND CURIOSITY, EXPLORE INTERESTS, AND DISCOVER PASSIONS. WE PROVIDE A FRIENDLY, HELPFUL, STIMULATING ENVIRONMENT THAT IS BUILT ON FREE ACCESS TO LIBRARY RESOURCES AND THE EXCHANGE OF INFORMATION. WE ARE A PLACE TO MEET, A PLACE TO LEARN, TO TEACH, TO SHARE, TO CONNECT, A PLACE TO BUILD, TO EXPAND HORIZONS. WE OFFER FREE IN-PERSON AND VIRTUAL PROGRAMS FOR CHILDREN, TEENS, AND ADULTS. PROGRAMS INCLUDE ESL CLASSES, ART WO
Activities or mission (Part I)
THE MISSION OF THE KENNETT LIBRARY IS IGNITING IMAGINATION, ENRICHING LIVES, CREATING COMMUNITY. KENNETT LIBRARY AIMS TO BE THE CATALYST FOR A COMMUNITY OF LIFELONG LEARNING AND DISCOVERY.
-
THE KENNETT LIBRARY SERVES RESIDENTS IN EIGHT MUNICIPALITIES (EAST MARLBOROUGH, KENNETT SQUARE, KENNETT TOWNSHIP, NEW GARDEN, NEWLIN, PENNSBURY, POCOPSON, WEST MARLBOROUGH) IN SOUTHERN CHESTER COUNTY.
Expenses $1,905,106 · Revenue $90,709
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Bradley PeiperBRADLEY PEIPER
PRESIDENT
- Total calculated
- $0
- Hours/week
- 10
-
Dr Loren PearsonDR LOREN PEARSON
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 10
-
Lee SausenLEE SAUSEN
TREASURER
- Total calculated
- $0
- Hours/week
- 3
-
Barbara NecarsulmerBARBARA NECARSULMER
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Barbara BoltonBARBARA BOLTON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Todd BruceTODD BRUCE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Lenda CarrilloLENDA CARRILLO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Margaret EgliMARGARET EGLI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Dr Barbara ForneyDR BARBARA FORNEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Daniel GannonDANIEL GANNON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Vicki GehrtVICKI GEHRT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr William MajarianDR WILLIAM MAJARIAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.75
-
Dr Brenda MercomesDR BRENDA MERCOMES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Pattie Morgan MillerPATTIE MORGAN MILLER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Claire MurrayCLAIRE MURRAY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Leah ReynoldsLEAH REYNOLDS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr Corinne SweeneyDR CORINNE SWEENEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Collis O TownsendCOLLIS O TOWNSEND
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
- 2024
- Filed
- 13 November 2025
- IRS schema version
- 2024v5.0
- Source object
- 202543179349305999
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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