Springfield Township Library EIN 23-2805034 Form 990 (PDF) Claim this org

Springfield Township Library FY2021 filing

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Offers books, research materials, and programs for all ages. For fiscal year 2021 it reported $740K in revenue, $569K in expenses, and $596K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Springfield, PA
Filings
5 on file (2020–2021)
Revenue
$740KFY2021
Expenses
$569K
Net assets
$596K
People
7
Filings
5
Updates
0
More identity details & actions ⌄
EIN  23-2805034 Public charity (501(c)(3)) Springfield, PA
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Offers books, research materials, and programs for all ages.
Leadership
Robert Wilson · President
Money in and out
$740K revenue, $569K expenses
Bottom line
89% program efficiency
Where the money goes · FY2021
Total revenue
$740K
Pt VIII · Ln 12
Total expenses
$569K
Pt IX · Ln 25
Net assets
$596K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $171K
Where spending went · Part IX cols B–D
Program services $0.89 Management & general $0.10 Fundraising $0.01
Program efficiency
89%
of spending reaches programs
Operating runway
15.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
+23%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$740K
FY2021▲ +3%
Expenses
$569K
FY2021▼ -2%
Total assets
$724K
FY2021▲ +31%
Total liabilities
$128K
FY2021+0.4%
Total revenue
$740K
Pt VIII · Ln 12
Total expenses
$569K
Pt IX · Ln 25
Net assets
$596K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$171K
Total assetsPt X · Ln 16$724K
Program-expense ratioPt IX · col B89%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 46

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSpringfield Township Library
EINHdr · item D23-2805034
Principal addressHdr · item CSpringfield, PA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B71B)
Ruling yearIRS BMFNov 1995

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Commissioner
$0Pt VII · Sec A
$0Pt VII · Sec A
See Springfield Township Library executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $504K of program spending, described in the organization's own filed words · FY2021.
01

Programs and services of a full service public library

$504Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$702K · 95%
Investment income$27K · 4%
Program service revenue$11K · 2%
Contributions & grants95%$702K
Investment income4%$27K
Program service revenue2%$11K
— government grantsLn 1e$650K
Total revenueLn 12$740K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.89 Management & general $0.10 Fundraising $0.01
Program services89%$504K
Management & general10%$57K
Fundraising1%$8K
Total functional expensesLn 25$569K

Balance Sheet

Part X · end of year
CashLn 1$424K
Total assetsLn 16$724K
Total liabilitiesLn 26$128K
Total net assetsLn 32$596K
Months of cash on handcomputed8.9

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $722K · Operating expenses/yr $569K
15.2 months
Where the money goes
Program services
Program services $504K · Total expenses $569K
89%
Management & General
Management & general $57K · Total expenses $569K
10%
Fundraising
Fundraising $8K · Total expenses $569K
1%
Cost to raise $1
Fundraising expense (2-yr avg) $7K · Solicited contributions (2-yr avg) $43K
$0.16 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $702K · Total revenue $740K
95%
Government reliance
Government grants $650K · Total revenue $740K
88%
Earned-income share
Program service revenue $11K · Total revenue $740K
2%
Investment reliance
Investment income $27K · Total revenue $740K
+4%
Program self-sufficiency
Program service revenue $11K · Total expenses $569K
2%
Growth & trend
Revenue growth (YoY)
This year $740K · Prior year $715K
+3%
Net-asset trend (YoY)
End of year $596K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $740K · Expenses $569K
+23%
Liabilities-to-Assets
Total liabilities — · Total assets $724K
Net-asset ratio
Net assets $596K · Total assets $724K
82%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $299K · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $724K
41%
People & payroll
Highest Reported Total Compensation
Individual Robert Wilson · Reported title President · Highest reported compensation $0 · Total expenses $569K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $465K · Total expenses $569K
82%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 89%
Overhead ratio 10%
Fundraising cost ratio 1%
Revenue growth 3%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 1%
Fundraising fee ratio 0%

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.

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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)$746K revenue · ⤓ 990 PDF
FY2023$734K revenue · ⤓ 990 PDF
FY2022$768K revenue · ⤓ 990 PDF
FY2021$740K revenue · viewing · ⤓ 990 PDF
FY2020$715K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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