Operating record

Morrill Memorial Library

Strafford, VT · EIN 03-6006451 · files full Form 990 · latest public year 2023

YearMoney inMoney outResultReserve mo.Staffing
2020$76,990$56,835$20,155107.047%
2021$69,300$63,989$5,311141.545%
2022$140,006$61,688$78,318150.352%
2023$72,277$65,983$6,294150.553%

In its most recent public year (2023), this organization brought in $6,294 more than it spent. Its reserves stood at about 150.5 months of spending, up from 107 in 2020. Staff pay was 53% of spending.

Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings ↗