Dailey Memorial Library in Derby, Vermont (VT)
Table of contents:
| Dailey Memorial Library | |
| Employer Identification Number (EIN) | 030222961 |
| Name of Organization | Dailey Memorial Library |
| In Care of Name | Gayle Phillabaum |
| Address | 101 Junior High Drive, Derby, VT 05829 |
| Subsection | Educational Organization |
| Ruling Date | 05/2004 |
| 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 | 10/2014 |
| Assets | $500,000 to $999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $591,502 |
| Amount of Income | $255,262 |
| Form 990 Revenue Amount | $255,262 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Libraries |
Non-representatives - add comments:
Amount of income in 2014: $255,262 (it was $55,353 in 2013)
| Dailey Memorial Library: | $255,262 |
| Other organizations performing similar types of work: | $84,385 |
Assets in 2014: $591,502 (it was $408,900 in 2013)
| This organization: | $591,502 |
| Other organizations performing similar types of work: | $188,533 |
Expenses in 2013: $58,971
| Dailey Memorial Library: | $58,971 |
| Other organizations performing similar types of work: | $59,444 |
Income to expenses ratio in 2013: 4.3
| This organization: | 4.3 |
| Other organizations performing similar types of work: | 1.3 |
Grants share in income in 2013: 21.9%
| This organization: | 21.9% |
| Other organizations performing similar types of work: | -,nan,(ind)% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $115,440 | $93,415 | $55,353 |
| Contributions, gifts, grants, and similar amounts received | $70,006 | $61,270 | $12,129 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $6,039 | $3,867 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $13,234 | $26,106 | $39,357 |
| Gross income from gaming | $15,126 | $0 | $0 |
| Gross income from fundraising events | $0 | $26,106 | $42,726 |
| Less: direct expenses from gaming and fundraising events | $1,892 | $0 | $3,369 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $32,200 | $0 | $0 |
| Total expenses | $67,169 | $78,368 | $58,971 |
| Total net assets | $292,961 | $397,792 | $405,285 |
| Excess/Deficit for the year | $48,271 | $15,047 | $-3,618 |
| Net assets or fund balances at beginning of year | $244,690 | $372,979 | $397,792 |
| Other changes in net assets or fund balances | $0 | $9,766 | $11,111 |
| Net assets or fund balances at end of year | $397,792 | $405,285 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $292,961 | $399,280 | $408,900 |
| Total liabilities | $0 | $1,488 | $3,615 |
| Net assets or fund balances | $292,961 | $397,792 | $405,285 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | 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 | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $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 | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| 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 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $143,116 |
| Subtotal Support | $143,116 |
| Gifts, grants, contributions, and membership fees received | $143,116 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| 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 | $143,116 |
| Public Support | $143,116 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| 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. | $46,593 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Mobius | 111 E Broadway Ste 220, Columbia, MO 65203-4208 | MO | 2010-08 | $6,439,891 |
| 2 | Providence Community Library | 441 Prairie Ave, Providence, RI 02905-2028 | RI | 2009-06 | $5,401,657 |
| 3 | Washington Research Library Consortium | 901 Commerce Dr, Uppr Marlboro, MD 20774-8701 | MD | 1988-07 | $5,074,584 |
| 4 | Bixby Memorial Free Library | 258 Main St, Vergennes, VT 05491-1056 | VT | 2003-10 | $276,294 |
| 5 | Dailey Memorial Library | 101 Junior High Drive, Derby, VT 05829 | VT | 2004-05 | $255,262 |
| 6 | Pawlet Public Library | Po Box 98 140 School Street, Pawlet, VT 05761 | VT | 2013-02 | $59,289 |
| 7 | Calef Memorial Library | PO BOX 141, Washington, VT 05675-0141 | VT | 2013-03 | $42,774 |
| 8 | New Haven Community Library | Po Box 85, New Haven, VT 05472 | VT | 1996-02 | $42,367 |
| 9 | Belvidere Community Club Inc | 6660 Vt Rt 109, Belvidere, VT 05442 | VT | 2014-07 | $24,940 |
| 10 | Friends Of Ainsworth Public Library | Po Box 236, Williamstown, VT 05679 | VT | 2014-03 | $752 |
| 11 | Bakersfield Historical Society Corp | Po Box 70, Bakersfield, VT 05441 | VT | 1997-12 | $0 |
| 12 | Catamount Library Network Inc | 88 Main St Fletcher Memorial, Ludlow, VT 05149 | VT | 2014-08 | $0 |
| 13 | Ejuntocom | 100 Carry Bay Ln, North Hero, VT 05474-4417 | VT | 2009-10 | $0 |
| 14 | Friends Of The Hartland Public Library | Po Box 137, Hartland, VT 05048-0137 | VT | 2007-11 | $0 |
| 15 | Jericho Town Library | Po Box 1055, Jericho, VT 05465 | VT | 2009-05 | $0 |
| 16 | North Country Coalition Of Libraries | PO BOX 30, Derby, VT 05829-0030 | VT | 2005-08 | $0 |
| 17 | North Danville Brainerd Memorial Library | 4215 Bruce Badger Memorial Highway, Danville, VT 05828 | VT | 2014-08 | $0 |
| 18 | Starksboro Project Read | 41 Parsonage Rd, Starksboro, VT 05487 | VT | 2001-04 | $0 |
| 19 | Tenney Memorial Library Inc | Po Box 85, Newbury, VT 05051 | VT | 2012-05 | $0 |
| 20 | Winhall Memorial Library Inc | Po Box738, Bondville, VT 05340 | VT | 2004-11 | $0 |
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| Total | 1,701 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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