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Nonprofiteer
← STOCKBRIDGE LIBRARY ASSOCIATION

Form 990 for tax year 2022

Filed by STOCKBRIDGE LIBRARY ASSOCIATION.

Totals

Total revenue
$526,698
Total expenses
$803,825
Contributions and grants received
$547,211
Grants paid
$0
Program service revenue
$29,374
Investment income
-$57,623
Other revenue
$7,736
Total assets, end of year
$4,081,305
Total liabilities, end of year
$27,232
Net assets or fund balances, end of year
$4,054,073
Program services expenses (Part IX)
$578,042
Management and general expenses
$153,425
Fundraising expenses
$72,358
Program service expenses (Part III)
$578,042

Program services were 71.9% 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.

  • 1c · Fundraising events

    $47,904

  • 1e · Government grants (contributions)

    $209,282

  • 1f · All other contributions, gifts and grants

    $290,025

  • 2a · Program service revenue: BOOK SALES

    total $27,296 · related or exempt $27,296

  • 2b · Program service revenue: OTHER LIBRARY INCOME

    total $2,078 · related or exempt $2,078

  • 3 · Investment income

    total $19,188 · excluded $19,188

  • 7a · Gross sales of assets other than inventory

    securities $1,320,081

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

    securities $1,396,892

  • 7c · Gain or loss

    securities -$76,811

  • 7d · Net gain or loss

    total -$76,811 · excluded -$76,811

  • 8a · Fundraising events: gross income

    $27,323

  • 8a · Fundraising events: contributions included on line 1c

    $47,904

  • 8b · Fundraising events: direct expenses

    $19,587

  • 8c · Net income from fundraising events

    total $7,736 · excluded $7,736

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $85,627 · program services $8,563 · management and general $59,939 · fundraising $17,125

  • 7 · Other salaries and wages

    total $215,895 · program services $172,850 · management and general $16,793 · fundraising $26,252

  • 9 · Other employee benefits

    total $8,146 · program services $6,521 · management and general $634 · fundraising $991

  • 10 · Payroll taxes

    total $21,689 · program services $13,506 · management and general $5,114 · fundraising $3,069

  • 11c · Fees: accounting

    total $24,224 · management and general $24,224

  • 11f · Fees: investment management

    total $2,956 · management and general $2,956

  • 12 · Advertising and promotion

    total $3,129 · program services $3,129

  • 13 · Office expenses

    total $12,282 · program services $10,731 · management and general $1,551

  • 14 · Information technology

    total $4,094 · program services $3,480 · management and general $614

  • 16 · Occupancy

    total $88,677 · program services $83,584 · management and general $5,093

  • 22 · Depreciation, depletion and amortization

    total $243,381 · program services $206,874 · management and general $36,507

  • 23 · Insurance

    total $15,676 · program services $15,676

  • 24a · Other expenses: BOOKS AND PERIODICALS

    total $34,050 · program services $34,050

  • 24b · Other expenses: SPECIAL EVENTS

    total $24,921 · fundraising $24,921

  • 24c · Other expenses: PROGRAM EXPENSES

    total $19,078 · program services $19,078

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $255,570 · end of year $74,340

  • 2 · Savings and temporary cash investments

    beginning of year $6,015 · end of year $89,889

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

    $5,080,579

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

    $2,189,634

  • 10c · Land, buildings and equipment, net

    beginning of year $2,926,898 · end of year $2,890,945

  • 12 · Investments: other securities

    beginning of year $1,002,264 · end of year $1,026,131

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,393 · end of year $27,232

  • 27 · Net assets without donor restrictions

    beginning of year $4,046,281 · end of year $4,013,054

  • 28 · Net assets with donor restrictions

    beginning of year $138,073 · end of year $41,019

Mission and programs · 2022

Mission

THE LIBRARY IS A VIBRANT CENTER OF COMMUNITY LIFE IN STOCKBRIDGE, MASSACHUSETTS AND SERVES THE NEEDS OF THE RESIDENTS OF STOCKBRIDGE AND THE SURROUNDING AREA BY SUPPORTING LIFELONG LEARNING, STRENGTHENING THE COMMUNITY, AND PRESERVING THE HISTORICAL RECORD OF THE TOWN.

  • PUBLIC LIBRARY, YOUTH SERVICES, ADULT SERVICES, AND MUSESUM & ARCHIVES

    Expenses $578,042 · Revenue $29,374

As filed on the 2022 return.

Listed in Part VII

  • Marty Sennett

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Robin Dumas

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Rob Murray

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Kellyanne McGuire

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Mary Berle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Stephanie Bradford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Susan Moor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • John Perkel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Leslie Shatz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Leonard Sigal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ed Lane

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Debbie Wiswesser

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Suzanne Yale

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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
2022
Filed
16 February 2024
IRS schema version
2022v5.0
Source object
202410509349300506

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