Mendham Borough Library EIN 22-1463449

Mendham Borough Library

EIN  22-1463449 Public charity (501(c)(3)) Mendham, NJ
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Size
$100K–1M
What they do
Offers books, magazines, internet, and cultural events to the public.
Leadership
Trish Hall · Library Director · $67K
Money in and out
$486K revenue, $355K expenses
Bottom line
75% program efficiency

Offers books, magazines, internet, and cultural events to the public. For fiscal year 2024 it reported $486K in revenue, $355K in expenses, and $2.1M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$486K
Pt VIII · Ln 12
Total expenses
$355K
Pt IX · Ln 25
Net assets
$2.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $131K
Where spending went · Part IX cols B–D
Program services $0.75 Management & general $0.21 Fundraising $0.04
Program efficiency
75%
of spending reaches programs▲ +26% vs prior filing year
Operating runway
63.8mo
months of highly liquid reserves at operating expense rate▲ +39% vs prior filing year
Surplus margin
+27%
revenue over expenses, this year▲ +43% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$486K
FY2024▼ -16%
Expenses
$355K
FY2024▼ -25%
Total assets
$2.1M
FY2024▲ +13%
Total liabilities
$4K
FY2024▼ -32%
Total revenue
$486K
Pt VIII · Ln 12
Total expenses
$355K
Pt IX · Ln 25
Net assets
$2.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$131K
Total assetsPt X · Ln 16$2.1M
Program-expense ratioPt IX · col B75%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

1 program service account for $267K of program spending, described in the organization's own filed words · FY2024.
01

Services provided by the mendham borough library include lending of books, magazines, and tapes. The library provides access to the internet and reference services, as well as a variety of programs to the community.

$267Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMendham Borough Library
EINHdr · item D22-1463449
Principal addressHdr · item CMendham, NJ
WebsiteHdr · item Jwww.mendhamboroughlibrary.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNJ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B70)
Ruling yearIRS BMFApr 1953

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Library Director
$66,760Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Trish Hall’s $67K as Library Director is at the 59th percentile of top reported officer pay among 1615 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Trish Hall$66,760$59,354$42,762
Janice Perrier$20,819$54,507$55,493

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$328K · 68%
Investment income$151K · 31%
Program service revenue$7K · 1%
Contributions & grants68%$328K
Investment income31%$151K
Program service revenue1%$7K
— government grantsLn 1e$215K
Total revenueLn 12$486K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.75 Management & general $0.21 Fundraising $0.04
Program services75%$267K
Management & general21%$75K
Fundraising4%$13K
Total functional expensesLn 25$355K

Balance Sheet

Part X · end of year
CashLn 1$137K
Total assetsLn 16$2.1M
Total liabilitiesLn 26$4K
Total net assetsLn 32$2.1M
Months of cash on handcomputed4.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.9M · Operating expenses/yr $355K
63.8 months
Where the money goes
Program services
Program services $267K · Total expenses $355K
75%
Management & General
Management & general $75K · Total expenses $355K
21%
Fundraising
Fundraising $13K · Total expenses $355K
4%
Cost to raise $1
Fundraising expense (3-yr avg) $12K · Solicited contributions (3-yr avg) $167K
$0.07 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $328K · Total revenue $486K
68%
Government reliance
Government grants $215K · Total revenue $486K
44%
Earned-income share
Program service revenue $7K · Total revenue $486K
1%
Investment reliance
Investment income $151K · Total revenue $486K
+31%
Program self-sufficiency
Program service revenue $7K · Total expenses $355K
2%
Growth & trend
Revenue growth (YoY)
This year $486K · Prior year $579K
-16%
Revenue CAGR
FY2020 $341K · FY2024 $486K
+9%
Net-asset trend (YoY)
End of year $2.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $486K · Expenses $355K
+27%
Liabilities-to-Assets
Total liabilities — · Total assets $2.1M
Net-asset ratio
Net assets $2.1M · Total assets $2.1M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.7M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.1M
85%
People & payroll
Highest Reported Total Compensation
Individual Trish Hall · Reported title LIBRARY DIRECTOR · Highest reported compensation $67K · Total expenses $355K
19%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $211K · Total expenses $355K
59%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 75%
Overhead ratio 21%
Fundraising cost ratio 4%
Revenue growth -16%
Investment management fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$2K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$486K revenue · viewing · ⤓ 990 PDF
FY2023$579K revenue · ⤓ 990 PDF
FY2022$341K revenue · ⤓ 990 PDF
FY2021$376K revenue · ⤓ 990 PDF
FY2020$341K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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