Castleton Free Library in Castleton, Vermont (VT)
Table of contents:
| Castleton Free Library | |
| Employer Identification Number (EIN) | 223881668 |
| Name of Organization | Castleton Free Library |
| In Care of Name | Janet Jones Library Director |
| Address | PO BOX 296, Castleton, VT 05735-0296 |
| Subsection | Charitable Organization |
| Ruling Date | 04/2010 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2014 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $277,508 |
| Amount of Income | $130,457 |
| Form 990 Revenue Amount | $130,457 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Single Organization Support |
Non-representatives - add comments:
Amount of income in 2014: $130,457 (it was $119,645 in 2013)
| Castleton Free Library: | $130,457 |
| Other organizations performing similar types of work: | $69,198 |
Assets in 2014: $277,508 (it was $250,619 in 2013)
| Castleton Free Library: | $277,508 |
| Other organizations performing similar types of work: | $35,127 |
Expenses in 2014: $113,172
| This organization: | $113,172 |
| Other organizations performing similar types of work: | $43,494 |
Income to expenses ratio in 2014: 1.2
| This organization: | 1.2 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2014: 89.7%
| Castleton Free Library: | 89.7% |
| Other organizations performing similar types of work: | 4.5% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total revenue | $104,029 | $106,492 | $119,645 | $130,457 |
| Contributions, gifts, grants, and similar amounts received | $101,196 | $103,560 | $118,348 | $117,073 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 | $0 |
| Investment income | $2,833 | $2,932 | $0 | $13,384 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $1,297 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 | $0 |
| Total expenses | $92,721 | $98,791 | $131,093 | $113,172 |
| Total net assets | $186,116 | $251,871 | $176,974 | $194,259 |
| Excess/Deficit for the year | $11,308 | $7,701 | $-11,448 | $17,285 |
| Net assets or fund balances at beginning of year | $78,531 | $186,116 | $188,422 | $176,974 |
| Other changes in net assets or fund balances | $96,277 | $58,054 | $0 | $0 |
| Net assets or fund balances at end of year | $251,871 | $176,336 | $194,259 | |
| Balance Sheets | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total assets | $186,766 | $252,724 | $250,619 | $277,508 |
| Total liabilities | $650 | $853 | $73,645 | $83,249 |
| Net assets or fund balances | $186,116 | $251,871 | $176,974 | $194,259 |
| Other Information | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | No | |
| Total amount involved | $0 | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | No | |
| Reason for Public Charity Status (for 2014) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public Support | $535,571 |
| Subtotal Support | $535,571 |
| Gifts, grants, contributions, and membership fees received | $20,599 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $514,972 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $557,746 |
| Public Support | $535,571 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $22,175 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Ravenwood High School Quarterback Club | 1724 Wilson Pike, Brentwood, TN 37027-8105 | TN | 2007-02 | $99,991 |
| 2 | Slocomb Band Boosters Inc | PO BOX 376, Slocomb, AL 36375-0376 | AL | 2006-12 | $54,892 |
| 3 | Green Mountain Library Consortium | PO BOX 250, Hartland, VT 05048-0250 | VT | 2009-08 | $156,152 |
| 4 | Castleton Free Library | PO BOX 296, Castleton, VT 05735-0296 | VT | 2010-04 | $130,457 |
| 5 | Vsc Foundation Inc | PO BOX 493, Montpelier, VT 05601-0493 | VT | 2006-11 | $34,053 |
| 6 | Spaulding High School Foundation Ltd | 120 Ayer St, Barre, VT 05641 | VT | 2012-04 | $25,479 |
| 7 | Sigma Phi Of Vermont Educational Foundation Inc | 2247 Ferry Rd, Charlotte, VT 05445-9539 | VT | 2008-01 | $12,242 |
| 8 | Black River Booster Club Inc | 43 Main St, Ludlow, VT 05149-1105 | VT | 2006-03 | $0 |
| 9 | Chittenden - Mendon School Improvement Fund Inc | 98 Meadow Lake Dr, Rutland, VT 05701-9885 | VT | 2008-07 | $0 |
| 10 | Dummerston School Endowment Inc | 52 Schoolhouse Road, East Dummerston, VT 05346 | VT | 2009-12 | $0 |
| 11 | Friend Of The Jeudeveine Library | Po Box 536, Hardwick, VT 05843 | VT | 2004-03 | $0 |
| 12 | Friends Of Cmrs Inc | Old Chapel, Middlebury, VT 05753 | VT | 2011-01 | $0 |
| 13 | Friends Of Fletcher Elementary, Fofe | 340 School Rd, Cambridge, VT 05444-9502 | VT | 2015-03 | $0 |
| 14 | Friends Of Gm Track Inc | 140 Grafton Road, Chester, VT 05143 | VT | 2000-05 | $0 |
| 15 | Friends Of The Alburg Public Library Inc | Po Box 344, Alburg, VT 05440 | VT | 2002-04 | $0 |
| 16 | Friends Of The Fair Haven Free Library | 107 N Main St, Fair Haven, VT 05743 | VT | 2003-04 | $0 |
| 17 | Friends Of The Middletown Springs Public Library | P O Box 1206, Middletown Springs, VT 05757 | VT | 2013-02 | $0 |
| 18 | Friends Of The Montgomery Town Library | Po Box 97, Montgomery Center, VT 05471 | VT | 2014-09 | $0 |
| 19 | Friends Of The Pierson Library | 5376 Shelburne Road, Shelburne, VT 05482 | VT | 2014-08 | $0 |
| 20 | Friends Of Vermont College | 592 Shady Rill Rd, Montpelier, VT 05602-9378 | VT | 2007-03 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 10,796 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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