Form 990 for tax year 2022
Filed by WILMINGTON INSTITUTE FREE LIBRARY.
Totals
- Total revenue
- $4,028,661
- Total expenses
- $3,820,440
- Contributions and grants received
- $3,700,895
- Grants paid
- $0
- Program service revenue
- $26,776
- Investment income
- $261,038
- Other revenue
- $39,952
- Total assets, end of year
- $14,647,025
- Total liabilities, end of year
- $2,539,032
- Net assets or fund balances, end of year
- $12,107,993
- Program services expenses (Part IX)
- $3,405,219
- Management and general expenses
- $411,801
- Fundraising expenses
- $3,420
- Program service expenses (Part III)
- $3,405,219
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)
$3,542,221
-
1f · All other contributions, gifts and grants
$158,674
-
1g · Noncash contributions included above
$459,000
-
2a · Program service revenue: DESK RECEIPTS
total $26,776 · related or exempt $26,776
-
3 · Investment income
total $131,150 · excluded $131,150
-
6a · Gross rents
real property $550
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $550
-
6d · Net rental income or loss
total $550 · related or exempt $550
-
7a · Gross sales of assets other than inventory
securities $1,201,648
-
7b · Less cost or other basis and sales expenses
securities $1,071,760
-
7c · Gain or loss
securities $129,888
-
7d · Net gain or loss
total $129,888 · excluded $129,888
-
11a · Other revenue: MISCELLANEOUS
total $39,402 · related or exempt $39,402
-
11e · Other revenue, total
$39,402
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $126,620 · program services $113,958 · management and general $12,662
-
7 · Other salaries and wages
total $1,010,928 · program services $909,835 · management and general $101,093
-
9 · Other employee benefits
total $161,292 · program services $145,163 · management and general $16,129
-
10 · Payroll taxes
total $85,325 · program services $76,792 · management and general $8,533
-
11c · Fees: accounting
total $102,730 · program services $92,457 · management and general $10,273
-
11e · Fees: professional fundraising services
total $3,420 · fundraising $3,420
-
11f · Fees: investment management
total $20,559 · management and general $20,559
-
11g · Fees: other
total $340,985 · program services $281,714 · management and general $59,271
-
12 · Advertising and promotion
total $414,259 · program services $362,909 · management and general $51,350
-
13 · Office expenses
total $49,082 · program services $44,173 · management and general $4,909
-
16 · Occupancy
total $579,132 · program services $521,219 · management and general $57,913
-
17 · Travel
total $31,801 · program services $28,621 · management and general $3,180
-
20 · Interest
total $5,548 · management and general $5,548
-
22 · Depreciation, depletion and amortization
total $337,157 · program services $303,441 · management and general $33,716
-
24a · Other expenses: BOOKS
total $180,215 · program services $180,215
-
24b · Other expenses: UTILITIES
total $154,753 · program services $139,278 · management and general $15,475
-
24c · Other expenses: PROGRAM ACTIVITIES
total $99,243 · program services $99,243
-
24d · Other expenses: REPAIRS AND MAINTENANCE
total $97,573 · program services $87,816 · management and general $9,757
-
24e · All other expenses
total $19,818 · program services $18,385 · management and general $1,433
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $380,988 · end of year $282,851
-
9 · Prepaid expenses and deferred charges
beginning of year $80,514 · end of year $41,092
-
10a · Land, buildings and equipment: cost or other basis
$13,273,627
-
10b · Land, buildings and equipment: accumulated depreciation
$3,882,914
-
10c · Land, buildings and equipment, net
beginning of year $8,374,668 · end of year $9,390,713
-
11 · Investments: publicly traded securities
beginning of year $3,350,791 · end of year $3,414,668
-
15 · Other assets
beginning of year $5,080 · end of year $1,517,701
-
17 · Accounts payable and accrued expenses
beginning of year $342,164 · end of year $521,331
-
23 · Secured mortgages and notes payable
end of year $500,000
-
25 · Other liabilities
beginning of year $0 · end of year $1,517,701
-
27 · Net assets without donor restrictions
beginning of year $11,742,250 · end of year $12,043,337
-
28 · Net assets with donor restrictions
beginning of year $107,627 · end of year $64,656
Mission and programs · 2022
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 $1,595,954 · Revenue $66,728
-
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 2022 return.
Listed in Part VII
-
Terry J O'ByrneTERRY J O'BYRNE
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2 + 1 related
-
Samuel A Nolen EsqSAMUEL A NOLEN ESQ
VICE-PRESIDENT
- Total calculated
- $0
- Hours/week
- 2 + 1 related
-
H Rodney ScottH RODNEY SCOTT
TREASURER
- Total calculated
- $0
- Hours/week
- 2 + 1 related
-
Wendell Fenton EsqWENDELL FENTON ESQ
MANAGER
- Total calculated
- $0
- Hours/week
- 2 + 1 related
-
Neal J Howard EsqNEAL J HOWARD ESQ
MANAGER
- Total calculated
- $0
- Hours/week
- 2 + 1 related
-
Anthony W LungerANTHONY W LUNGER
MANAGER
- Total calculated
- $0
- Hours/week
- 2 + 1 related
-
Ellen BarrosseELLEN BARROSSE
MANAGER
- Total calculated
- $0
- Hours/week
- 2
-
N Christopher GriffithsN CHRISTOPHER GRIFFITHS
MANAGER
- Total calculated
- $0
- Hours/week
- 2
-
Brent Du PontBRENT DU PONT
MANAGER
- Total calculated
- $0
- Hours/week
- 2
-
Renee Mosley-DecolloRENEE MOSLEY-DECOLLO
MANAGER
- Total calculated
- $0
- Hours/week
- 2
-
The Hon Matthew S MeyerTHE HON MATTHEW S MEYER
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 1
-
The Hon Michael PurzyckiTHE HON MICHAEL PURZYCKI
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 1
-
Mr Jamar RahmingMR JAMAR RAHMING
EXECUTIVE DIRECTOR / SECRE
- Total calculated
- $123,027
- From this org
- $114,458
- From related orgs
- $0
- Other
- $8,569
- 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.
-
WILMINGTON LIBRARY FOUNDATION II INC
501(C)(3) · SUPPORT FOR THE WILMINGTON INSTITUTE. · DE
Directly controlled by THE WILMINGTON INSTITUTE
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 16 April 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431169349300743
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