CYRENIUS H BOOTH LIBRARY

EIN: 066002263 501(c)(3) Education

NEWTOWN, CT

Total Revenue
$2,030,379
Total Expenses
$1,944,617
Total Assets
$5,230,239
Net Assets
$5,121,106
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1931
Legal Domicile
CT
Principal Officer
Elaine Corbo
Phone
2034264533
Tax Period
2024-07-01 to 2025-06-30

CYRENIUS H BOOTH LIBRARY, founded in 1931, is a community nonprofit in the Education sector that reported $2.0M in total revenue in fiscal year 2024. Expenses of $1.9M left a modest 4% surplus.

Mission

TO PROMOTE THE JOY OF LIFELONG LEARNING, STIMULATE CURIOSITY, SUPPORT THE EXCHANGE OF IDEAS, AND PROVIDE A WELCOMING GATHERING PLACE FOR OUR COMMUNITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,892,407
Program Service Revenue $1,769
Investment Income $89,329
Other Revenue $46,874
TOTAL REVENUE $2,030,379

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,214,959
Fundraising Expenses $185,154
Program Expenses $1,452,304
Other Expenses $729,658
TOTAL EXPENSES $1,944,617

Year-over-Year Comparison

2024 2023 Change
Revenue $2,030,379 $1,947,947 +0.0%
Expenses $1,944,617 $1,936,319 +0.0%
Net Income $85,762 $11,628 +6.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
16
Employees
43
Volunteers
93

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$141,188
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jennifer Nash Library Director 40.0
Officer
$98,501 $42,687 $141,188
ELAINE CORBO President 2.0
Officer Director
$0 $0 $0
Amy Dent TRUSTEE 1.0
Director
$0 $0 $0
DAVID SCHILL TRUSTEE 1.0
Director
$0 $0 $0
ROSE MARIE ZAHAREK Trustee 1.0
Director
$0 $0 $0
KATIE SMITH TRUSTEE 1.0
Director
$0 $0 $0
ALEX VILLAMIL TRUSTEE 1.0
Director
$0 $0 $0
Betsy Litt Trustee 1.0
Director
$0 $0 $0
Cara Reilly VICE PRESIDENT 2.0
Officer Director
$0 $0 $0
Don Studley Treasurer 5.0
Officer Director
$0 $0 $0
John Carter Trustee 1.0
Director
$0 $0 $0
Susan Kealy Trustee 1.0
Director
$0 $0 $0
Christine McAndrew Trustee 1.0
Director
$0 $0 $0
Donald Schels Trustee 1.0
Director
$0 $0 $0
Alexa Skalandunas Secretary 2.0
Officer Director
$0 $0 $0
Jeff Schult Trustee 1.0
Director
$0 $0 $0
Olivia Wood Trustee 1.0
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $2,030,379 $1,944,617 $5,230,239 $85,762
2024 $1,947,947 $1,936,319 $5,026,195 $11,628
2023 $1,964,278 $2,032,000 $4,796,507 $-67,722
2022 $1,793,081 $1,991,039 $4,768,013 $-197,958
2021 $1,955,919 $1,828,982 $5,261,166 $126,937
2020 $1,795,174 $1,736,665 $4,778,111 $58,509
2019 $1,758,316 $1,767,461 $4,747,801 $-9,145
2018 $1,705,114 $1,609,664 $4,713,218 $95,450
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