Mill Memorial Library EIN 24-0795459

Mill Memorial Library

EIN  24-0795459 Public charity (501(c)(3)) Nanticoke, PA
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Offers library services to the local community.
Leadership
Kim Morgan · Director
Money in and out
$249K revenue, $268K expenses
Bottom line
94% program efficiency

Offers library services to the local community. For fiscal year 2024 it reported $249K in revenue, $268K in expenses, and $1.8M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$249K
Pt VIII · Ln 12
Total expenses
$268K
Pt IX · Ln 25
Net assets
$1.8M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$19K
Where spending went · Part IX cols B–D
Program services $0.94 Management & general $0.06
Program efficiency
94%
of spending reaches programs0% vs prior filing year
Operating runway
72.4mo
months of highly liquid reserves at operating expense rate▼ -7% vs prior filing year
Surplus margin
-8%
revenue over expenses, this year▼ -728% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$249K
FY20240%
Expenses
$268K
FY2024▲ +7%
Total assets
$1.8M
FY2024▼ -1%
Total liabilities
$3K
FY2024▼ -31%
Total revenue
$249K
Pt VIII · Ln 12
Total expenses
$268K
Pt IX · Ln 25
Net assets
$1.8M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$19K
Total assetsPt X · Ln 16$1.8M
Program-expense ratioPt IX · col B94%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

1 program service account for $253K of program spending, described in the organization's own filed words · FY2024.
01

The library provides services to the greater Nanticoke Area

$253Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMill Memorial Library
EINHdr · item D24-0795459
Principal addressHdr · item CNanticoke, PA
WebsiteHdr · item Jmillmemoriallibrary.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFApr 1971

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
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
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Mill Memorial Library executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$222K · 89%
Investment income$26K · 11%
Contributions & grants89%$222K
Investment income11%$26K
— government grantsLn 1e$127K
Total revenueLn 12$249K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.94 Management & general $0.06
Program services94%$253K
Management & general6%$15K
Total functional expensesLn 25$268K

Balance Sheet

Part X · end of year
CashLn 1$1.6M
Total assetsLn 16$1.8M
Total liabilitiesLn 26$3K
Total net assetsLn 32$1.8M
Months of cash on handcomputed72.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.6M · Operating expenses/yr $268K
72.4 months
Where the money goes
Program services
Program services $253K · Total expenses $268K
94%
Management & General
Management & general $15K · Total expenses $268K
6%
Fundraising
Fundraising $0 · Total expenses $268K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $110K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $222K · Total revenue $249K
89%
Government reliance
Government grants $127K · Total revenue $249K
51%
Earned-income share
Program service revenue $0 · Total revenue $249K
0%
Investment reliance
Investment income $26K · Total revenue $249K
+11%
Program self-sufficiency
Program service revenue $0 · Total expenses $268K
0%
Growth & trend
Revenue growth (YoY)
This year $249K · Prior year $248K
0%
Revenue CAGR
FY2020 $1.0M · FY2024 $249K
-30%
Net-asset trend (YoY)
End of year $1.8M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $249K · Expenses $268K
-8%
Liabilities-to-Assets
Total liabilities — · Total assets $1.8M
Net-asset ratio
Net assets $1.8M · Total assets $1.8M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.8M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kim Morgan · Reported title Director · Highest reported compensation $0 · Total expenses $268K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $157K · Total expenses $268K
59%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 94%
Overhead ratio 6%
Fundraising cost ratio 0%
Revenue growth 0%
Accounting fee ratio 2%

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$14K

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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)$249K revenue · viewing · ⤓ 990 PDF
FY2023$248K revenue · ⤓ 990 PDF
FY2022$269K revenue · ⤓ 990 PDF
FY2021$575K revenue · ⤓ 990 PDF
FY2020$1.0M 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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