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Nonprofiteer
← COBURN FREE LIBRARY

Form 990 for tax year 2024

Filed by COBURN FREE LIBRARY.

Totals

Total revenue
$316,196
Total expenses
$240,125
Contributions and grants received
$222,156
Grants paid
$15,089
Program service revenue
$523
Investment income
$19,000
Other revenue
$74,517
Total assets, end of year
$2,764,753
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,764,753
Program services expenses (Part IX)
$240,125
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$240,125

Program services were 100.0% 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.

  • 1c · Fundraising events

    $5,015

  • 1e · Government grants (contributions)

    $164,106

  • 1f · All other contributions, gifts and grants

    $53,035

  • 2a · Program service revenue: Library Charges

    total $523 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $19,000 · unrelated business $0 · excluded $0

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

    $5,015

  • 11d · All other revenue

    total $74,517 · related or exempt $74,517 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $74,517

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $15,089 · program services $15,089

  • 5 · Compensation of officers, directors and key employees

    total $40,959 · program services $40,959 · management and general $0 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $54,813 · program services $54,813 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $7,327 · program services $7,327 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $1,950 · program services $1,950 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $2,546 · program services $2,546 · management and general $0 · fundraising $0

  • 14 · Information technology

    total $12,644 · program services $12,644 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $47,348 · program services $47,348 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $42,197 · program services $42,197 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $7,637 · program services $7,637 · management and general $0 · fundraising $0

  • 24a · Other expenses: Print Materials

    total $7,615 · program services $7,615 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $186,292 · end of year $215,031

  • 2 · Savings and temporary cash investments

    beginning of year $804,562 · end of year $876,479

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

    $1,716,253

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

    $44,510

  • 10c · Land, buildings and equipment, net

    beginning of year $1,713,940 · end of year $1,671,743

  • 15 · Other assets

    beginning of year $1,500 · end of year $1,500

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,612

  • 31 · Retained earnings, endowment or other funds

    beginning of year $2,688,682 · end of year $2,764,753

Mission and programs · 2024

Mission

PROVIDE READING & REF. SERVICES TO THE LOCAL COMMUNITY

  • CIRCULATION OF BOOKS, PERIODICALS, AUDIO-VISUAL MATERIALS. MAINTENANCE OF REFERENCE LIBRARY AND GENEOLOGY COLLECTION.

    Expenses $240,125 · Grants $17,387 · Revenue $241,679

As filed on the 2024 return.

Listed in Part VII

  • Linda Williams

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Joe Palladino

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • David Woodburn

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • James Pritchard

    Vice President

    Total calculated
    $0
    Hours/week
    0

  • Mikayla Worzel

    Exec. Dir

    Total calculated
    $40,959
    From this org
    $40,959
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

  • Ellen Keough

    Secretary

    Total calculated
    $0
    Hours/week
    0

  • Carlynne Freitag

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Michael Fenn

    Treasurer

    Total calculated
    $0
    Hours/week
    0

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
24 January 2025
IRS schema version
2024v5.1
Source object
202530989349300033

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