Nonprofit · EIN 26-1603137
MERCANTILE LIBRARY
Tax-exempt (reinstated) · CINCINNATI, OH 45202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,469,745 | $1,381,190 | $1,088,555 | $12,237,693 | $2,486,171 | $9,751,522 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,653,074
- of which government grants
- $8,279
- Membership dues
- $130,951
- Program service revenue
- $122,131
- Investment income
- $690,837
- Net rental income
- $3,500
- Net gain from sales of assets
- $468,541
- Other revenue
- $3,703
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $196,826
- Other salaries and wages
- $462,688
- Salaries, compensation and benefits (total)
- $777,439
- Professional fundraising fees
- $0
- Accounting fees
- $5,515
- Occupancy
- $6,965
- Travel
- $568
- Depreciation
- $115,341
- Program services (functional)
- $966,833
- Management and general (functional)
- $207,171
- Fundraising (functional)
- $207,186
Balance sheet and other
- Total assets, start of year
- $8,733,470
- Total assets, end of year
- $12,237,693
- Total liabilities, end of year
- $2,486,171
- Net assets, end of year
- $9,751,522
- Land, buildings and equipment
- $5,379,094
- Publicly traded securities
- $5,588,878
- Net assets without donor restrictions
- $9,573,688
- Net assets with donor restrictions
- $177,834
- Gross receipts
- $4,274,733
- Employees
- 9
- Volunteers
- 14
- Year formed
- 2006
- State of legal domicile
- OH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| John Faherty | Executive Dir. Officer | 40 | $196,826 | $23,262 |
| Jena' Bradley | Trustee Trustee or director | 1 | $0 | $0 |
| Laura Humphrey | Trustee Trustee or director | 1 | $0 | $0 |
| Thomas Freeman | Trustee Trustee or director | 1 | $0 | $0 |
| Kathy Wilkinson | Trustee Trustee or director | 1 | $0 | $0 |
| Deborah Ginocchio | Trustee Trustee or director | 1 | $0 | $0 |
| Mary Burns | President Trustee or director, Officer | 2 | $0 | $0 |
| Bridgit Chayt | Trustee Trustee or director | 1 | $0 | $0 |
| Meera Kotagal | Trustee Trustee or director | 1 | $0 | $0 |
| Lynne Friedlander | Trustee Trustee or director | 1 | $0 | $0 |
| Mike Prentiss | Trustee Trustee or director | 1 | $0 | $0 |
| Tamara Harkavy | Trustee Trustee or director | 1 | $0 | $0 |
| Elizabeth Pierce | Trustee Trustee or director | 1 | $0 | $0 |
| Jay Rammes | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Peter Niehoff | Vice President Trustee or director, Officer | 2 | $0 | $0 |
10 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Greg Rhodes | Trustee Trustee or director | 1 | $0 |
| Robert DiTomassi | Trustee Trustee or director | 1 | $0 |
| Abby Moran | Trustee Trustee or director | 1 | $0 |
| Dr Kimberly Hamlin | Secretary Trustee or director | 1 | $0 |
| George Vincent | Trustee Trustee or director | 1 | $0 |
| Jerry Kathman | Trustee Trustee or director | 1 | $0 |
| Ken Patel | Trustee Trustee or director | 1 | $0 |
| Ben Greenberg | Trustee Trustee or director | 1 | $0 |
| Kitty Rosenthal | Trustee Trustee or director | 1 | $0 |
| Selina Yoon | Trustee Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 414 WALNUT ST 11TH FL, CINCINNATI, OH 45202-3916
- In care of
- % DALE P BROWN
- Principal officer (990 for 2024)
- John Faherty, 414 Walnut Street Floor 11, Cincinnati, OH 45202
- Signed the 990
- John Faherty, Executive Director
- Phone
- (513) 621-0717
- Return prepared by
- Coworth Financial Services LLC
Mission
A general library organized and operated for literary purposes. The members of the association seek to make a difference through literature and ideas, advancing interest in the written word, and celebrating the best in literary achievement.
Program accomplishments
- During 2024, the library had approximately 1,660 members. The library continued to add to its core collection of books, concurrently and continually presenting a broad range of programs and items of interest to readers, either in person or via online streaming. Activities included multi-part book discussions, a poetry group, author appearances and lectures of interest to the general public.Expenses $966,833
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 26-1603137
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B70)
- Assets (IRS master file)
- $12,237,693
- Income (IRS master file)
- $4,274,733
Revocation and reinstatement
- Exemption revoked
- May 15, 2010
- Posted by the IRS
- October 7, 2011
- Reinstated
- Effective May 15, 2010
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $3,050,999 | $1,273,795 | $8,733,470 | IRS |
| 990 | December 2022 | $1,350,440 | $1,291,017 | $6,956,122 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about MERCANTILE LIBRARY
- What is the EIN of MERCANTILE LIBRARY?
- The employer identification number (EIN) of MERCANTILE LIBRARY is 26-1603137.
- Is MERCANTILE LIBRARY tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2010 and reinstated it effective May 15, 2010.
- Are donations to MERCANTILE LIBRARY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MERCANTILE LIBRARY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MERCANTILE LIBRARY due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MERCANTILE LIBRARY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MERCANTILE LIBRARY?
- The 990 for the year ended December 31, 2024 names John Faherty.
- Who are the officers and directors of MERCANTILE LIBRARY?
- The 990 for the year ended December 31, 2024 lists 25 people; 1 received compensation from the organization, the highest $196,826 (John Faherty, Executive Dir.).
- How much revenue does MERCANTILE LIBRARY have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,469,745, expenses of $1,381,190 and total assets of $12,237,693 at year end.
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