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Nonprofiteer
← OSTERVILLE FREE LIBRARY CORPORATION

Form 990 for tax year 2022

Filed by OSTERVILLE FREE LIBRARY CORPORATION.

Totals

Total revenue
$916,413
Total expenses
$939,798
Contributions and grants received
$710,769
Grants paid
$0
Program service revenue
$42,121
Investment income
$36,209
Other revenue
$127,314
Total assets, end of year
$8,465,279
Total liabilities, end of year
$116,141
Net assets or fund balances, end of year
$8,349,138
Program services expenses (Part IX)
$751,687
Management and general expenses
$136,072
Fundraising expenses
$52,039
Program service expenses (Part III)
$751,687

Program services were 80.0% 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)

    $290,636

  • 1f · All other contributions, gifts and grants

    $420,133

  • 2a · Program service revenue: MISCELLANEOUS

    total $16,968 · related or exempt $16,968

  • 2b · Program service revenue: BOOKS, DVDS SALES AND RENTAL

    total $9,963 · related or exempt $9,963

  • 2c · Program service revenue: ROOM RENTALS

    total $8,375 · excluded $8,375

  • 2d · Program service revenue: FEES

    total $6,815 · related or exempt $6,815

  • 3 · Investment income

    total $32,353 · excluded $32,353

  • 7a · Gross sales of assets other than inventory

    securities $37,835

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

    securities $33,979

  • 7c · Gain or loss

    securities $3,856

  • 7d · Net gain or loss

    total $3,856 · related or exempt $3,856

  • 8a · Fundraising events: gross income

    $169,450

  • 8b · Fundraising events: direct expenses

    $90,376

  • 8c · Net income from fundraising events

    total $79,074

  • 11a · Other revenue: OSTERVILLE GUIDE

    total $48,240 · unrelated business $48,240

  • 11e · Other revenue, total

    $48,240

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $394,096 · program services $354,686 · management and general $39,410

  • 9 · Other employee benefits

    total $9,529 · management and general $9,529

  • 10 · Payroll taxes

    total $31,739 · program services $28,565 · management and general $3,174

  • 11c · Fees: accounting

    total $2,078 · management and general $2,078

  • 11g · Fees: other

    total $8,800 · management and general $8,800

  • 13 · Office expenses

    total $6,376 · program services $5,738 · management and general $638

  • 14 · Information technology

    total $24,161 · program services $21,745 · management and general $2,416

  • 16 · Occupancy

    total $144,983 · program services $131,014 · management and general $13,969

  • 22 · Depreciation, depletion and amortization

    total $151,288 · program services $136,159 · management and general $15,129

  • 23 · Insurance

    total $34,668 · program services $4,555 · management and general $30,113

  • 24a · Other expenses: BOOKS AND SUBSCRIPTIONS

    total $35,232 · program services $35,232

  • 24b · Other expenses: CLAMS

    total $22,754 · program services $22,754

  • 24c · Other expenses: COGS

    total $20,353 · fundraising $20,353

  • 24d · Other expenses: TAXES - OTHER

    total $18,699 · fundraising $18,699

  • 24e · All other expenses

    total $35,042 · program services $11,239 · management and general $10,816 · fundraising $12,987

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $108,323 · end of year $531,797

  • 2 · Savings and temporary cash investments

    beginning of year $285,054

  • 3 · Pledges and grants receivable

    beginning of year $1,164,000 · end of year $776,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,745 · end of year $2,745

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

    $6,122,417

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

    $2,083,159

  • 10c · Land, buildings and equipment, net

    beginning of year $4,176,415 · end of year $4,039,258

  • 11 · Investments: publicly traded securities

    beginning of year $990,284 · end of year $1,093,441

  • 15 · Other assets

    beginning of year $1,470,918 · end of year $2,022,038

  • 17 · Accounts payable and accrued expenses

    beginning of year $15,005 · end of year $27,350

  • 19 · Deferred revenue

    beginning of year $34,573 · end of year $88,791

  • 27 · Net assets without donor restrictions

    beginning of year $5,513,243 · end of year $5,575,100

  • 28 · Net assets with donor restrictions

    beginning of year $2,634,918 · end of year $2,774,038

Mission and programs · 2022

Mission

THE MISSION OF THE OSTERVILLE VILLAGE LIBRARY IS TO INSPIRE LIFELONG LEARNING, ADVANCE KNOWLEDGE AND STRENGTHEN OUR COMMUNITY.

  • THE LIBRARY PROVIDED A CURRENT COLLECTION OF MATERIALS IN ALL FORMATS FOR ALL AGES AND A STAFF KNOWLEDGEABLE ABOUT POPULAR AUTHORS AND TITLES. IN ADDITION, THE LIBRARY COLLECTED MATERIALS ON A WIDE VARIETY OF TOPICS OF GENERAL INTEREST, AND OFFERED ASSISTANCE IN LOCATING LIBRARY MATERIALS. LASTLY, THE LIBRARY PROVIDED AN ENVIRONMENT THAT ENCOURAGED PUBLIC DISCOURSE, COMMUNITY INVOLVEMENT, CULTURAL DIVERSITY AND CIVIC PRIDE.

    Expenses $751,687 · Revenue $42,121

As filed on the 2022 return.

Listed in Part VII

  • Cynthia Cotton

    EXECUTIVE DI

    Total calculated
    $123,705
    From this org
    $118,947
    From related orgs
    $0
    Other
    $4,758
    Hours/week
    40

  • Richard Colman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Talida Flonta

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Irene Haney

    FORMER PRESI

    Total calculated
    $0
    Hours/week
    2

  • Shaelyn Hegarty

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Christine Bania Kesten

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Claudia Mahoney

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    2

  • Ellen Merlesena

    CLERK

    Total calculated
    $0
    Hours/week
    2

  • Diane Pemberton

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Stuart Rapp

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • James Smith

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Richard Sullivan

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Ellen Valentgas

    TRUSTEE

    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
30 October 2023
IRS schema version
2022v5.0
Source object
202333119349303473

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