Laurel District Library Commission EIN 23-7397230 Form 990 (PDF) Claim this org

Laurel District Library Commission FY2023 filing

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Offers library materials and information access to Sussex County residents and visitors. For fiscal year 2023 it reported $643K in revenue, $534K in expenses, and $437K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Laurel, DE
Website
www.laurel.lib.de.us
Filings
5 on file (2021–2023)
Revenue
$643KFY2023
Expenses
$534K
Net assets
$437K
People
6
Filings
5
Updates
0
More identity details & actions ⌄
EIN  23-7397230 Public charity (501(c)(3)) Laurel, DE
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Offers library materials and information access to Sussex County residents and visitors.
Leadership
Rev Dr Howard Backus · President
Money in and out
$643K revenue, $534K expenses
Bottom line
100% program efficiency
Where the money goes · FY2023
Total revenue
$643K
Pt VIII · Ln 12
Total expenses
$534K
Pt IX · Ln 25
Net assets
$437K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $109K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs
Operating runway
9.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+17%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$643K
FY2023▲ +13%
Expenses
$534K
FY2023▼ -17%
Total assets
$437K
FY2023
Total liabilities
$0
FY2023
Total revenue
$643K
Pt VIII · Ln 12
Total expenses
$534K
Pt IX · Ln 25
Net assets
$437K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$109K
Total assetsPt X · Ln 16$437K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 44

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLaurel District Library Commission
EINHdr · item D23-7397230
Principal addressHdr · item CLaurel, DE
WebsiteHdr · item Jwww.laurel.lib.de.us
Year of formationHdr · item Lpending
State of legal domicileHdr · item MDE
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B70)
Ruling yearIRS BMFOct 1974

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b4
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 · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary/Director
$0Pt VII · Sec A
Member
$0Pt VII · Sec A
$0Pt VII · Sec A

Gail Bruce’s $53K as Secretary/Director is at the 45th percentile of top reported officer pay among 1616 $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 · 1 named individual · Part VII

NameFY2022FY2021
Gail Bruce$53,251$55,803

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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Mission & Programs · Part III

Where the work happens

1 program service account for $534K of program spending, described in the organization's own filed words · FY2022.
01

The Laurel Public Library provides access to information and library materials for residents and visitors to Sussex County in the State of Delaware.

$534Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$590K · 92%
Program service revenue$32K · 5%
Investment income$21K · 3%
Contributions & grants92%$590K
Program service revenue5%$32K
Investment income3%$21K
— government grantsLn 1e$352K
Total revenueLn 12$643K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$534K
Total functional expensesLn 25$534K

Balance Sheet

Part X · end of year
CashLn 1$437K
Total assetsLn 16$437K
Total liabilitiesLn 26$0
Total net assetsLn 32$437K
Months of cash on handcomputed9.8

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $437K · Operating expenses/yr $534K
9.8 months
Where the money goes
Program services
Program services $534K · Total expenses $534K
100%
Management & General
Management & general $0 · Total expenses $534K
0%
Fundraising
Fundraising $0 · Total expenses $534K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $210K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $590K · Total revenue $643K
92%
Government reliance
Government grants $352K · Total revenue $643K
55%
Earned-income share
Program service revenue $32K · Total revenue $643K
5%
Investment reliance
Investment income $21K · Total revenue $643K
+3%
Program self-sufficiency
Program service revenue $32K · Total expenses $534K
6%
Growth & trend
Revenue growth (YoY)
This year $643K · Prior year $570K
+13%
Net-asset trend (YoY)
End of year $437K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $643K · Expenses $534K
+17%
Liabilities-to-Assets
Total liabilities — · Total assets $437K
Net-asset ratio
Net assets $437K · Total assets $437K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $437K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Rev Dr Howard Backus · Reported title President · Highest reported compensation $0 · Total expenses $534K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $329K · Total expenses $534K
62%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth 13%
Accounting 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$108K

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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
FY2025 (Latest)$616K revenue · ⤓ 990 PDF
FY2024$579K revenue · ⤓ 990 PDF
FY2023$643K revenue · viewing · ⤓ 990 PDF
FY2022$570K revenue · ⤓ 990 PDF
FY2021$587K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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