East Haven Public Library
227 Main St
East Haven CT 06512-3003
Contact Information
Address 227 Main St
East Haven, CT 06512-3003
Telephone (203) 468-3890 x
Fax 203-468-3892
E-mail bgeorge@hagamanlibrary.org
Web and Social Media
Hagaman Memorial Library, East Haven CT
Mission
The Hagaman Memorial Library started in 1909 and was formally established in 1921. The Library is a 501(c)(3) nonprofit organization. 
Library’s Mission Statement:
The Hagaman Memorial Library is the center for community enrichment and as such it seeks to provide information, resources and programs for lifelong learning as well as to improve the quality of life of East Haven residents by providing a top notch collection of materials in multiple formats, current technology, and cultural opportunities.
Library’s Vision and Values:
Vision:
The Library will become the educational and cultural center of East Haven. The Library will: (1) Become the informational hub for the community, (2) Stay abreast of current trends and technologies, (3) Recognize and respond to community needs, and (4) Create and maintain a comfortable library environment, easy to use and accessible to all.
Values: (1) Equitable access to information, ideas, and creative works, (2) Intellectual freedom and diversity of opinion and cultures, (3) Lifelong learning and love of reading, (4) Responsiveness to community demands, and (5) Excellence in service.
At A Glance
Year of Incorporation 1921
Organization's type of tax exempt status Public Supported Charity
Organization received a competitive grant from the community foundation in the past five years No
Leadership
CEO/Executive Director Bruce J George
Board Chair Mr Ronald A Whitney
Board Chair Company Affiliation Community Volunteer
Financial Summary
 
Projected Revenue $852,113.00
Projected Expenses $852,113.00
Statements
Mission The Hagaman Memorial Library started in 1909 and was formally established in 1921. The Library is a 501(c)(3) nonprofit organization. 
Library’s Mission Statement:
The Hagaman Memorial Library is the center for community enrichment and as such it seeks to provide information, resources and programs for lifelong learning as well as to improve the quality of life of East Haven residents by providing a top notch collection of materials in multiple formats, current technology, and cultural opportunities.
Library’s Vision and Values:
Vision:
The Library will become the educational and cultural center of East Haven. The Library will: (1) Become the informational hub for the community, (2) Stay abreast of current trends and technologies, (3) Recognize and respond to community needs, and (4) Create and maintain a comfortable library environment, easy to use and accessible to all.
Values: (1) Equitable access to information, ideas, and creative works, (2) Intellectual freedom and diversity of opinion and cultures, (3) Lifelong learning and love of reading, (4) Responsiveness to community demands, and (5) Excellence in service.
Background In 1909, East Haven was one of 15 Connecticut towns without a library. The State offered to furnish a case of books if a responsible person to take charge could be found. Miss Lottie Street volunteered and on July 1, 1909, the first library in East Haven opened for business in a coatroom of the old Town Hall.
Within two years, this location became overcrowded. The board of directors leased a small, one-story structure behind the Kirkham building. In 1917, the library moved once again to the old post office building. It remained there until it moved to the present location in 1928.
The current library building was erected in 1928 thanks to the generosity of Mr. Isaac Hagaman. An addition to the original structure was completed in 1975.
Impact FY 2014-15 HIGHLIGHTS
Some highlights stated in the Library’s Departmental Reports, which can be read at the Library (Call Number, REF 027.47467 HAG):
+ “. . . outside organizations held 320 meetings . . . .This represents a 6% increase in the number of meetings held . . . . 6,893 people attended outside organization meetings held at the library. . . . This represents an 8% increase in attendance.” By Cynthia Gwiazda, Community Service Librarian
+ “140 issues of the Branford Review and East Haven News and East Haven Citizen November, 1935 to January, 1940 were placed on the library website. The material may be accessed from the left
sidebar at www.hagamanlibrary.info.” By Fawn Gillespie, Reference & Local History Librarian
+ “Overall event attendance was up 10.4% . . . . 6,273 attended children’s programs and events at the Hagaman Library, comprised of 4456 children from 0-12 years old with 1817 accompanying adults.” By Sascha Gardiner, Children’s Librarian
+ “. . . the teen group had a total of 30 members, with an average  attendance of 17 teens per meeting. This is a 50 percent increase over last year’s membership . . .” By Sarah Mallory, Teen Services Librarian
+ “As a customer, did you just check out a book, place a hold, perform a search in the online catalog . . ?  If so, the information you needed to be successful was supplied by the Technical Services Department.” By Celeste Krahl, Technical Services Librarian
Needs Goal 1:Retain and remunerate qualified library staffing
Goal 2: Greater effectiveness for the Library as a community resource.
Goal 3: Improve telecommunications and the technology at the Library used by staff and the general public
Goal 4: Make the complete library building American with Disabilities Act (ADA) compliant
Goal 5: An interior redesign of library space to improve user access and experience at the Library in a changing and evolving information environment
Goal 6: Greater accessibility to the services of the Library for the public
Board Chair Statement
Being a life long resident of East Haven I have used the library in grammar school right through high school.  I have encouraged my children to take full advantage of this gem in our community.
 
As an adult I have attended many of the free programs the library offers our town residents.
 
The building is old with several modification since the original building was built back in the early 20th century.  The building itself lacks sufficient access to our elderly and physically challenged adults,  Stairs and a small elevator installed before the Americans with Disability Act which specifies dimensions which we now can not meet.
 
My Goal as chair is to move our board to actively seek monies to allow access to all.  
 
Service Categories
Primary Organization Category Education / Libraries
Secondary Organization Category Education / Libraries
Tertiary Organization Category Public & Societal Benefit / Public & Societal Benefit NEC
Areas Served
East Haven
State wide
The Hagaman Library is located in East Haven.   East Haven is a town in New Haven County, Connecticut, in the United States. As of the 2010 census, the town population was 29,257. Located 3 miles east of New Haven, it is part of the Greater New Haven area.
The Hagaman Memorial Library primarily serves East Haven and the surrounding towns in New Haven County.   In addition residents of the state of CT are welcome to participate and use the resources of the Library.
CEO/Executive Director/Board Comments  

The Hagaman Library Operating budget is funded by the Town of East Haven.  However, as our town's needs have grown over the years since Isaac Hagaman first donated the funds to establish our current building, the Library Board and Staff have identified several areas of need that go beyond our means to fund from our annual operating budget.  It may be surprising for some to learn, that even in the age of the internet, library services are more in demand than ever, as the building and staff evolve to service the public of the 21st century. Usage of the Hagaman Library is increasing.  We are currently addressing, as a priority, the replacement of our elevator, and the handicap accessibility of the original community room. Our original elevator, is not wheelchair accessible, and when out of service, limits patrons with any kind of walking difficulties to our lower level. The increase in library programs that has occurred over the years necessitates full access to the original community room, as scheduling programs has become increasingly difficult due to lack of access.  As we believe the funding for the capital improvements should be born, not solely by the town, but a partnership of state, town and private funding sources, the Library Board has established a capital improvements funding drive.  As a kickoff to our fundraising efforts, this year, the East Haven Hagaman Library is participating once again in The Great Give 2017, the premiere online giving event for nonprofits in the Greater New Haven region. For 36 hours, starting at 8:00 a.m. on May 2, 2017 and lasting until 8:00 p.m. on May 3, your charitable donation will make us eligible for thousands of dollars in prizes when you give to us through TheGreatGive.org. East Haven Hagaman Library will be competing for various matching prizes, including most money raised, greatest number of individual donors, and greatest number of new donors.  

Sincerely - The Board of Trustees of Hagaman Library

Programs
Description
The Library provides materials for in-house use, or for borrowing, the latter requiring a library card. Library materials serve all age groups, are available in many formats (print and nonprint), and serve varying reading, listening, or viewing purposes, which in general are to promote literacy, learning, information, ideas, knowledge, and recreational/cultural pursuits. Downloadable materials (e-books and audiobooks from OverDrive and the Connecticut State Library) are available via the Library’s online catalog. Processes are involved in selecting, ordering, systematizing, and circulating library materials.
 
The collection is extensive in its fiction and nonfiction holdings meeting a variety of informational, educational, cultural needs. The Library has a commitment to maintain a collection of materials that contains a breadth and depth of materials.
Population Served / General/Unspecified /
Program is linked to organization’s mission and strategy Yes
Program is frequently assessed based on predetermined program goals Yes
Short Term SuccessHelpOrganizations describe near term achievement(s) or improvement(s) that will result from this program. This may represent immediate outcomes occurring as a result of the end of a session or service.
Children's Picture Books for toddlers - 5 years of age are the highest circulating book type, with the Library circulating an average of 1,300 picture books per month.  There is a demand by parents to check out Picture Books to read to their Children and the benefits of reading to children when young are well established in the growth of children.
 
The Library has a good sized Young Adult collection of books for teenagers and this collection does very well.
 
 DVDs are very popular, with drama being an art form that is in demand.  Drama as an art form in demand would be for feature films and television series.  It should be noted that documentaries and nonfiction DVDsare in demand also.  The Library circulates 1,500- 2,000 DVDs per month.
 
Adult best sellers are in demand at the Library and circulate well, in particular fiction titles.
 
The Library has an extensive large type collection of books for seniors and the visually impaired, which circulates well.
 
 
 
 
Long Term SuccessHelpOrganizations describe the ultimate change(s) that will result from this program. This may be far into the future and represent an ideal state.
Library materials forms the core service the Library provides. The Library's collection of materials does in the aggregate what individuals could do for themselves: purchase thousands of books per year, subscribe to 50 magazines, a variety of local and national newspapers, etc. and make these materials available for reading in the library or checking out of the Library for free to the public.
 
 
Program Success Monitored ByHelpOrganizations describe the tools used to measure or track program impact.  The Library monitors its circulation for performance on a regular basis and the Library's monthly circulation statistics is part of the statistical report given to the Library Board of Trustees in the Board's regular monthly meeting.  The annual per capita circulation for the Library is 3.5 items.
Examples of Program SuccessHelpOrganization's site specific examples of changes in clients' behaviors or testimonies of client's changes to demonstrate program success.
In FY 2014-15 the Library circulated 111,573 items.  The annual per capita circulation for the Library is 3.85 items.
 
Description

Library programming from toddlers to adults is an alternative way of reaching people other than by library materials, providing the same opportunities as library materials would for literacy, learning, information, ideas, knowledge, and recreational/cultural pursuits by bringing people together for live programs. The Library provides many programs from early literacy programming, to book clubs, to general and special programming. Library programming is carried out by librarians and generally within the specialty of the librarian.
Note that the Library also provides meeting room space to outside organizations, which is part of its programming service.


 

Population Served General/Unspecified / General/Unspecified / General/Unspecified
Program is frequently assessed based on predetermined program goals Yes
Short Term SuccessHelpOrganizations describe near term achievement(s) or improvement(s) that will result from this program. This may represent immediate outcomes occurring as a result of the end of a session or service. In FY2014-2015, the Library's teen group (Hagaman Teen Advisory Group) had a total of 30 members, with an average attendance of 17 teens per meeting. This is a 50 percent increase over last year’s membership, and a 400 percent increase over the first year. There total of 48 teen group meetings in FY2014-2015, with a total attendance of 833 teens.
 
Furthermore, in December of 2014, the Young Adult Librarian was awarded by the Young Adult Library Services Association (YALSA) a Teen’s Top Ten grant for the teen group for 2 years. The Library’s teen group was 1 of only 15 library teen groups nationally to receive the grant. With the grant the teen group will have an opportunity to read new books before they are released for publication and will provide their input to publishers about the books. Also, the teen group will help in nominating the selections for the national Teen Top Ten list that is voted upon by teens (ages 12-18) from mid-August through Teen Read Week.
Long Term SuccessHelpOrganizations describe the ultimate change(s) that will result from this program. This may be far into the future and represent an ideal state. The Library has a long-term commitment to provide programs and meeting space to outside organizations in order to meet diverse community needs.
 
Program Success Monitored ByHelpOrganizations describe the tools used to measure or track program impact. The Library compiles monthly statistics on outside organizations using its community rooms and on library programs carried out.  These statistics are reported to the Board of Trustees in their regular monthly meeting.
Examples of Program SuccessHelpOrganization's site specific examples of changes in clients' behaviors or testimonies of client's changes to demonstrate program success.
In FY 2014-15:
 
-Overall

1. There were a total of 884 library programs and outside organization meetings held at the Library. The total attendance for the library programs and outside organization meetings was 17,041 people, which is a 5% increase in attendance.

2. Breaking down #1 for the Library’s meeting room space used by outside organizations there were a total 381 meetings by outside organizations, with a total attendance of 6,893 people. This is 6% increase in the number of meetings held by outside organizations and an 8% increase in attendance.
 
3. Breaking down #1 for library programs there were 503 library programs for all ages with a total attendance of 10,148 people.  Children’s programming increased in attendance by 10.4% in FY 2014-15, with the Summer Reading Program for Children and the Early Literacy Programming for Children leading the way in this increase
Description
Technology is essential and necessary for the provision of library service and needs to be current (It should be noted that technology is undergirded by networking arrangements and telecommunications). The Library’s staff needs technology in carrying out library services, the public at the Library, to have access to digital communication is essential in today’s society and the Library meets this need with its public access computers that have Internet access and software applications such as Microsoft Office.
 
The Library’s Public Wi-Fi network provides people with their own devices.
 
The Library’s Website is virtual space complementing the Library’s physical space in providing library services.
 
The other part of the Library's technology is being a member of Bibliomation, an information technology library consortium providing  sharing an Integrated Library System (ILS) that provides circulation, cataloging, and online card catalog functions and extensive network support.
Population Served General/Unspecified / /
Program is linked to organization’s mission and strategy Yes
Program is frequently assessed based on predetermined program goals Yes
Short Term SuccessHelpOrganizations describe near term achievement(s) or improvement(s) that will result from this program. This may represent immediate outcomes occurring as a result of the end of a session or service.
In 2013 leasing public access computers providing up-to-date technology to library users.
 
In 2013 adding 2 dedicated photocopiers for the public to use, rather than 1 photocopier that was used by the staff and the public.
Long Term SuccessHelpOrganizations describe the ultimate change(s) that will result from this program. This may be far into the future and represent an ideal state. The Library is a central point in the community for Internet and computer access.  A variety of people use the computers from children through adults.  Important functions people use the computers for are researching school assignments, performing job searches, composing and printing resumes, surfing the Internet,  reading the news, and checking e-mail.  The Library has a long-term commitment to providing up to date technology and to accomodate as best as it can evolving technology that the public can use.
Program Success Monitored ByHelpOrganizations describe the tools used to measure or track program impact. The Library compiles monthly statistics on the use of the public access computers and of the Public WiFi network.  These statistics are part of a monthly statistical report at the regular monthly meetings of the Board of Trustees.
Examples of Program SuccessHelpOrganization's site specific examples of changes in clients' behaviors or testimonies of client's changes to demonstrate program success.
In FY 2014-2015:
 
-There were 20,094 sessions on the public access computers, an 8% increase over the previous FY.

- There were 5,799 sessions on the Public Wi-Fi Network, an increase of 61% over the previous FY.
 
Description The Library has local history documents pertaining to the history of the Town of East Haven and a number of these documents are unique, or one-of-a-kind. These documents are stored and made available to the public to use in the Library. The Library’s organizing and housing of local history documents is of importance and increasing importance given that the past must be preserved, as well as preserving present local history documents which will become a record of the past as time progresses.


Population Served / /
Program is linked to organization’s mission and strategy Yes
Program is frequently assessed based on predetermined program goals Yes
Short Term SuccessHelpOrganizations describe near term achievement(s) or improvement(s) that will result from this program. This may represent immediate outcomes occurring as a result of the end of a session or service.
In 2014 the Library embarked on local history programs, primarily to present the history and the historical documents of the Town of East Haven.  This has been well-received.
 
In FY 2014-15 140 issues of the Branford Review and East Haven News and East Haven Citizen November, 1935 to January, 1940 were placed on the library website
Long Term SuccessHelpOrganizations describe the ultimate change(s) that will result from this program. This may be far into the future and represent an ideal state.

Overall local history is a significant undertaking given the uniqueness of the Town’s history and documents.

Program Success Monitored ByHelpOrganizations describe the tools used to measure or track program impact. The Local Historian Librarian submits a monthly report to the Library Director of the activities and accomplishments.  The Director summarizes the local history activities and accomplishments in his monthly Director's Report at the regular monthly meeting of the Board of Trustees.
Description
Community Outreach is targeted contact with area organizations to communicate, present or bring library services to other organizations, to exchange information on what the Library and other organizations are doing, and to build collaborations with other organizations. All this leads to either professional library staff visiting other area organizations, or other area organizations visiting the Library. Community Outreach overlaps with the services of Library Materials, Library Programming and Meeting Space since these services strongly align to potential needs of area organizations. However, in community reach collaborations can evolve that are unique between the Library and area organizations.
 
Also, Community Outreach involves ongoing communication with area organizations and the public in general through newsletters (printed and electronic), press releases, and social media. 
Population Served General/Unspecified / /
Program Success Monitored ByHelpOrganizations describe the tools used to measure or track program impact. The Library Director receives monthly reports off all community outreach which in turn are summarized in the monthly Director's Report to the Board of Trustees, in their regular monthly meeting.
Examples of Program SuccessHelpOrganization's site specific examples of changes in clients' behaviors or testimonies of client's changes to demonstrate program success.

The F/T Children’s Librarian visiting area schools or having area schools visit the Library, the F/T Community Services Librarian visiting The Village at Mariner's Point Senior Living facility, the F/T Local History and Reference Librarian collaborating with the East Haven Historical Society, and the P/T Library Specialist and Teen Group Advisory Librarian working with the East Haven High School Librarian.

CEO/Executive Director
Bruce J George
Term Start July 2013
Email bgeorge@hagamanlibrary.org
Experience Library Director, Hagaman Memorial Library, East Haven, CT, 2013-Present
-Responsible for an $850,000 annual budget for a 501(c)(3) organization and supervise a staff of 18.
 
Library Director, Town of Dover Free Public Library, NJ, 2012-2013
-Responsible for an annual budget of $505,000 for a municipal library and supervised a staff of 8. 

Library Director/District Administrator, Oil City Library/Oil Creek Library District, PA, 2008-2011
-Responsible for an $900,000 annual budget and supervising a staff of 12 as Director of the Oil City Library (municipally funded) and as District Administrator of the Oil Creek Library District (the Oil City Library being the headquarters library for the District) overseeing a state funded 3 county library district with 14 member public libraries.

Library Director, Kingston Library, NY, 2003-2008
-Planned and implemented an annual budget $650,000 for a special legislative district library serving the City of Kingston and supervised a staff of 16+.

Services to Seniors Librarian, Fresno County Public Library, CA, 2002-2003
-Coordinated and promoted county-wide library services for senior citizens and caregivers.
 
-Library Director, Ilion Free Public Library, NY, 2001-2002
Responsible for an annual budget of $200,000 for a municipal library and supervised a staff of 11.
Staff
Number of Full Time Staff 7
Number of Part Time Staff 13
Number of Volunteers 5
Number of Contract Staff 0
Staff Retention Rate 100%
Staff Demographics - Ethnicity
African American/Black 0
Asian American/Pacific Islander 0
Caucasian 20
Hispanic/Latino 0
Native American/American Indian 0
Other 0 0
Staff Demographics - Gender
Male 6
Female 14
Unspecified 0
Former CEOs and Terms
NameTerm
Ellen Gambini Sept 2001 - Aug 2008
Karen Jensen Oct 2008 - Jan 2013
Senior Staff
Title Community Outreach Librarian
Title Reference and Local History Librarian
Title Children's Librarian
Title P/T Technical Services Librarian
Title P/T Teen Services Librarian
Formal Evaluations
CEO Formal Evaluation Yes
CEO/Executive Formal Evaluation Frequency Annually
Senior Management Formal Evaluation Yes
Senior Management Formal Evaluation Frequency Bi-Annually
Non Management Formal Evaluation Yes
Non Management Formal Evaluation Frequency Bi-Annually
Comments
CEO Comments
The Library has a Plan of Service (approved by the Board of Trustees on October 16, 2014) which is a basis for the Library's March 2015 - June 2016 Strategic Plan.  A copy of the Plan of Service can be requested from the Library.
 
Also, the Library produces an Annual Report to the Community brochure.  There are Annual Reports to the Community for FY 2013-14 and for FY 2014-15 and the Annual Reports can be requested from the Library.
 
 A brief summary of the highlights of FY 2014-15 follows:

The Library purchases children’s, young adult, adult, and reference materials in print (i.e. books, newspapers, and magazines), and purchases non-print materials (i.e. DVDs, audiobooks, and downloadable formats). In FY 2014-15 the Library had 8,411 active library card users, 122,500 visitors, and its annual circulation was 111,573 items. The Library has 67,000 items in its collection of materials. The Library is open 54 hours per week, Monday – Saturday. The Library engages in an active archival program to preserve local historical documents. And, the Library has a strong large print collection of materials and has a homebound delivery program for senior citizens.

The Library has a network of 18 online public access computers. In FY 2014-15, there were 20,004 sessions on the Library’s public access computers, an 8% increase over FY 2013-14. Additionally, the Library provides a Wi-Fi network for the public, which had 5,799 logins in FY 2014-15, and increase of 61% over FY 2013-14. Also, the Library’s Website (www.hagamanlibrary.info) had 63,627 page visits in FY 2014-15.

In FY 2014-15, the Library had a total of 882 library programs and meetings of outside organizations with a total of 16,721 people in attendance. The highlights for library programming and meetings of outside organizations were: (1) Outside organizations held 320 meetings in Library’s meeting rooms, which is an increase of 6%; further 6,893 people attended outside organization meetings, an 8% increase; (2) Overall Children’s programming increased in attendance by 10.4% in FY 2014-15: there were 210 Children’s programs with a total attendance of 6,273 people. Leading the way in the 10.4% increase were the Summer Reading Program for Children and the Early Literacy programming for children; and (3) The Library’s teen group increased in membership by 50% in FY 2014-15. Also, the in December of 2014, the Young Adult Librarian was awarded by the Young Adult Library Services Association (YALSA) a Teens’ Top Ten grant for the teen group for 2 years. The Library’s teen group was 1 of only 15 library teen groups nationally to receive the grant

 
Board Chair
Mr Ronald A Whitney
Company Affiliation Community Volunteer
Term Feb 2017 to Feb 2020
Board of Directors
NameAffiliation
Ms. Maria Bracale Community Volunteer
Eileen DeMayo Community Volunteer
Mrs. Sylvia Depalma Community Volunteer
Mrs. Josephine DiLungo Community Volunteer
Mr Michel B. Enders Community Volunteer
Mr. Stephen Haddon Community Volunteer
Ms. Katherine Klarman Community Volunteer
Mrs. Carol Scussel Community Volunteer
Mrs. Lorena Venegas Community Volunteer
Board Demographics - Ethnicity
African American/Black 0
Asian American/Pacific Islander 0
Caucasian 9
Hispanic/Latino 1
Native American/American Indian 0
Other 0 0
Board Demographics - Gender
Male 3
Female 7
Unspecified 0
Board Co-Chair
Katherine Klarman
Term Feb 2016 to Feb 2019
Email katherine.Klarman@snet.net
Standing Committees
Nominating
 
 
Financials
Fiscal Year Start July 01 2016
Fiscal Year End June 30 2017
Projected Revenue $852,113.00
Projected Expenses $852,113.00
Spending Policy N/A
Credit Line Yes
Reserve Fund Yes
Detailed Financials
Prior Three Years Revenue Sources ChartHelpThe financial analysis involves a comparison of the IRS Form 990 and the audit report (when available) and revenue sources may not sum to total based on reconciliation differences. Revenue from foundations and corporations may include individual contributions when not itemized separately.
Fiscal Year201620152014
Foundation and
Corporation Contributions
$57,186$58,509$52,001
Government Contributions$768,057$745,609$744,839
Federal------
State------
Local$765,046$739,124$744,839
Unspecified$3,011$6,485--
Individual Contributions------
------
------
Investment Income, Net of Losses$541$433$108
Membership Dues------
Special Events------
Revenue In-Kind------
Other$23,037$24,257$23,467
Prior Three Years Expense Allocations Chart
Fiscal Year201620152014
Program Expense$728,850$113,829$94,193
Administration Expense$128,206$718,557$715,720
Fundraising Expense------
Payments to Affiliates------
Total Revenue/Total Expenses0.991.001.01
Program Expense/Total Expenses85%14%12%
Fundraising Expense/Contributed Revenue0%0%0%
Prior Three Years Assets and Liabilities Chart
Fiscal Year201620152014
Total Assets$88,761$96,998$100,576
Current Assets$88,761$96,998$100,576
Long-Term Liabilities------
Current Liabilities------
Total Net Assets$88,761$96,998$100,576
Prior Three Years Top Three Funding Sources
Fiscal Year201620152014
Top Funding Source & Dollar AmountTown of East Haven $765,046Town of East Haven $739,124Town of East Haven $744,839
Second Highest Funding Source & Dollar AmountHagaman Fund $51,816Hagaman Fund $44,347Hagaman Fund $49,925
Third Highest Funding Source & Dollar Amount -- -- --
Solvency
Short Term Solvency
Fiscal Year201620152014
Current Ratio: Current Assets/Current Liabilities------
Long Term Solvency
Fiscal Year201620152014
Long-Term Liabilities/Total Assets0%0%0%
Capitial Campaign
Currently in a Capital Campaign? No
Capital Campaign Anticipated in Next 5 Years? Yes
Comments
CEO Comments The Library has a charitable trust, the Hagaman Fund.  This was set up in 1928 after the death of Isaac Hagaman, the Library's original benefactor.  For FY 2016-17 the Library receives a monthly distribution  of $3,331 based upon a formula of receiving 5% of the interest accrued by the Hagaman Fund in the previous financial year (May - April).  Note that what is disbursed monthly to the Library in FY 2016-17 is 3.5% of the 5% distribution requirement.  The other 1.5% is held for administrative fees that are charged by the bank to the Hagaman Fund and an additional disbursement may be received  after the end of the Hagaman Fund's 2016-17 financial year to meet the 5% distribution requirement.  The Hagaman Fund goes through an annual probate court accounting.  For the Hagaman Fund financial year of May 01, 2015-April 30, 2016 annual probate accounting had a value of $1142,661.75.
Foundation Staff Comments

This profile, including the financial summaries prepared and submitted by the organization based on its own independent and/or internal audit processes and regulatory submissions, has been read by the Foundation. Financial information is inputted by Foundation staff directly from the organization’s IRS Form 990, audited financial statements or other financial documents approved by the nonprofit’s board. The Foundation has not audited the organization’s financial statements or tax filings, and makes no representations or warranties thereon. The Community Foundation is continuing to receive information submitted by the organization and may periodically update the organization’s profile to reflect the most current financial and other information available. The organization has completed the fields required by The Community Foundation and updated their profile in the last year. To see if the organization has received a competitive grant from The Community Foundation in the last five years, please go to the General Information Tab of the profile.

 

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