Totals
- Total revenue
- $4,046,003
- Total expenses
- $1,080,737
- Contributions and grants received
- $3,917,993
- Grants paid
- $0
- Program service revenue
- $20,442
- Investment income
- $62,478
- Other revenue
- $45,090
- Total assets, end of year
- $15,578,743
- Total liabilities, end of year
- $2,003,619
- Net assets or fund balances, end of year
- $13,575,124
- Program services expenses (Part IX)
- $810,311
- Management and general expenses
- $65,025
- Fundraising expenses
- $205,401
- Program service expenses (Part III)
- $810,311
Program services were 75.0% 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.
-
1a · Federated campaigns
$37,264
-
1e · Government grants (contributions)
$716,563
-
1f · All other contributions, gifts and grants
$3,164,166
-
1g · Noncash contributions included above
$357,538
-
2a · Program service revenue: CHARGES, FINES, OVERDUES
total $16,546 · related or exempt $16,546
-
2b · Program service revenue: SALE OF LIBRARY MATERIALS
total $3,896 · related or exempt $3,896
-
3 · Investment income
total $58,889 · excluded $58,889
-
7a · Gross sales of assets other than inventory
securities $3,589
-
7c · Gain or loss
securities $3,589
-
7d · Net gain or loss
total $3,589 · related or exempt $3,589
-
8a · Fundraising events: gross income
$199,910
-
8b · Fundraising events: direct expenses
$154,820
-
8c · Net income from fundraising events
total $45,090
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $75,111 · program services $63,844 · management and general $7,511 · fundraising $3,756
-
7 · Other salaries and wages
total $438,477 · program services $394,629 · management and general $21,924 · fundraising $21,924
-
8 · Pension plan contributions
total $25,007 · program services $22,507 · management and general $1,250 · fundraising $1,250
-
9 · Other employee benefits
total $60,912 · program services $54,820 · management and general $3,046 · fundraising $3,046
-
10 · Payroll taxes
total $41,833 · program services $37,649 · management and general $2,092 · fundraising $2,092
-
11c · Fees: accounting
total $9,572 · management and general $9,572
-
11g · Fees: other
total $120,040 · fundraising $120,040
-
12 · Advertising and promotion
total $22,806 · program services $184 · fundraising $22,622
-
13 · Office expenses
total $5,185 · program services $596 · management and general $149 · fundraising $4,440
-
16 · Occupancy
total $50,426 · program services $45,866 · management and general $3,091 · fundraising $1,469
-
17 · Travel
total $351 · program services $7 · management and general $344
-
19 · Conferences, conventions and meetings
total $902 · management and general $902
-
22 · Depreciation, depletion and amortization
total $14,181 · program services $12,054 · management and general $1,418 · fundraising $709
-
24a · Other expenses: LIBRARY MATERIALS
total $121,559 · program services $121,559
-
24b · Other expenses: PROGRAMMING
total $36,640 · program services $36,640
-
24c · Other expenses: FUNDRAISING
total $14,593 · fundraising $14,593
-
24d · Other expenses: SUPPLIES
total $12,930 · program services $11,636 · management and general $647 · fundraising $647
-
24e · All other expenses
total $30,212 · program services $8,320 · management and general $13,079 · fundraising $8,813
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $350,209 · end of year $169,668
-
2 · Savings and temporary cash investments
beginning of year $4,878,695 · end of year $764,461
-
10a · Land, buildings and equipment: cost or other basis
$12,626,783
-
10b · Land, buildings and equipment: accumulated depreciation
$703,527
-
10c · Land, buildings and equipment, net
beginning of year $2,718,140 · end of year $11,923,256
-
11 · Investments: publicly traded securities
beginning of year $3,132,655 · end of year $2,667,983
-
15 · Other assets
beginning of year $53,375 · end of year $53,375
-
17 · Accounts payable and accrued expenses
beginning of year $4,311 · end of year $3,619
-
23 · Secured mortgages and notes payable
end of year $2,000,000
-
27 · Net assets without donor restrictions
beginning of year $5,928,501 · end of year $12,881,147
-
28 · Net assets with donor restrictions
beginning of year $5,200,262 · end of year $693,977
Mission and programs · 2022
Mission
THE MISSION OF THE KENNETT LIBRARY IS TO PROVIDE LIBRARY SERVICES TO ITS ESTABLISHED SERVICE AREA.
-
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 $810,311 · Revenue $20,442
As filed on the 2022 return.
Listed in Part VII
-
Jeff YetterJEFF YETTER
PRESIDENT
- Total calculated
- $0
- Hours/week
- 10
-
Bradley PeiperBRADLEY PEIPER
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 10
-
Lee SausenLEE SAUSEN
TREASURER
- Total calculated
- $0
- Hours/week
- 3
-
William MajarianWILLIAM MAJARIAN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1.75
-
Barbara BoltonBARBARA BOLTON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Gail BowdenGAIL BOWDEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3.5
-
Chris BrittCHRIS BRITT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Todd BruceTODD BRUCE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ruthann DeveneyRUTHANN DEVENEY
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
-
Michael GuttmanMICHAEL GUTTMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
Dr Brenda MercomesDR BRENDA MERCOMES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Barbara NecarsulmerBARBARA NECARSULMER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr Loren PearsonDR LOREN PEARSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Leah ReynoldsLEAH REYNOLDS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Thomas SwettTHOMAS SWETT
CHAIRMAN EME
- Total calculated
- $0
- Hours/week
- 4.5
-
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
- 2022
- Filed
- 22 September 2023
- IRS schema version
- 2022v5.0
- Source object
- 202342769349300839
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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