MORRISTOWN AND MORRIS TOWNSHIP LIBRARY FOUNDATION

EIN: 237112569 501(c)(3) Education

MORRISTOWN, NJ

Total Revenue
$374,314
Total Expenses
$285,421
Total Assets
$6,979,049
Net Assets
$6,876,007
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
NJ
Principal Officer
GEOFFREY BROOKS
Phone
9735386161
Tax Period
2024-01-01 to 2024-12-31

MORRISTOWN AND MORRIS TOWNSHIP LIBRARY FOUNDATION, founded in 1983, is a small nonprofit in the Education sector that reported $374K in total revenue in fiscal year 2024. Revenue fell 92% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $89K, a strong 24% operating margin.

Mission

THE FOUNDATION'S MISSION IS THE ADVANCEMENT & DIFFUSION OF KNOWLEDGE THROUGH THE PROVISION OF FUNDS FOR THE MAINTENANCE & SUPPORT OF MORRISTOWN FREE PUBLIC LIBRARY.

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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 $77,325
Program Service Revenue $0
Investment Income $260,801
Other Revenue $36,188
TOTAL REVENUE $374,314

Expense Breakdown

Grants Paid $255,316
Salaries & Benefits $0
Fundraising Expenses $10,415
Program Expenses $255,316
Other Expenses $30,105
TOTAL EXPENSES $285,421

Year-over-Year Comparison

2024 2023 Change
Revenue $374,314 $4,530,777 -0.9%
Expenses $285,421 $148,458 +0.9%
Net Income $88,893 $4,382,319 -1.0%
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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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
20

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
2
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GEOFFREY BROOKS PRESIDENT 1.00
Officer
$0 $0 $0
KENNETH MILLER TREASURER 5.00
Officer
$0 $0 $0
DAVID FADDEN TRUSTEE 1.00
Director
$0 $0 $0
DEANNA QUINONES TRUSTEE 1.00
Director
$0 $0 $0
ERIC INGLIS TRUSTEE 1.00
Director
$0 $0 $0
PATRICIA MURPHY TRUSTEE 1.00
Director
$0 $0 $0
LINDA STAMATO TRUSTEE 1.00
Director
$0 $0 $0
MARK ROCHKIND TRUSTEE 1.00
Director
$0 $0 $0
DONALD KIEL TRUSTEE 1.00
Director
$0 $0 $0
MARK MISHLER TRUSTEE 1.00
Director
$0 $0 $0
CHAD LEINAWEAVER LIBRARY DIRE 1.00
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
2024 $374,314 $285,421 $6,979,049 $88,893
2023 $4,530,777 $148,458 $6,712,655 $4,382,319
2022 $129,854 $90,122 $2,129,166 $39,732
2021 $275,011 $43,131 $2,305,237 $231,880
2020 $115,618 $38,999 $1,968,185 $76,619
2019 $108,073 $87,570 $1,810,455 $20,503
2018 $184,677 $146,181 $1,671,419 $38,496
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