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The Mercantile Library

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 261603137 ✦ Cincinnati, OH ✦ Designated as a 501(c)(3)

Overview

What is The Mercantile Library?

The Mercantile Library, located at 414 Walnut Street, Floor 11, Cincinnati, Ohio 45202, is a nonprofit organization with a mission to foster a love for literature and celebrate literary achievements. With around 1,969 members in 2022, it maintains an extensive collection of books and offers a variety of programs and events that cater to readers' interests, both in-person and online. These activities include engaging book discussions, poetry groups, author appearances, and lectures. The organization's core purpose is to inspire and enrich its community by promoting the written word and recognizing literary excellence. As of the provided information, it employs a team of eight individuals dedicated to this mission.


Official website here: www.mercantilelibrary.org

Is The Mercantile Library legitimate?

The Mercantile Library is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Mercantile Library submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $200,189
Professional Fundraising Fees: $0
Other Salaries and Wages: $361,811

For more financial information, click here


Official website here: www.mercantilelibrary.org

What is the mission statement of The Mercantile Library?

The Mercantile Library, serving as a general library with literary purposes, aims to make a significant impact through literature and ideas. Its members actively promote an interest in the written word and celebrate distinguished literary achievements. The mission of this association is to advance literature and ideas, fostering a community that appreciates and celebrates the finest in literary accomplishments. Throughout the year, the library adds to its comprehensive collection of books, while presenting a diverse array of programs and engaging content for readers, both in person and online. This includes multi-part book discussions, poetry groups, author appearances, and lectures of interest to the general public.


Official website here: www.mercantilelibrary.org

Who is the CEO of The Mercantile Library?

John Faherty is the Executive Dir. of The Mercantile Library.


Official website here: www.mercantilelibrary.org

What is the revenue of The Mercantile Library?

The Mercantile Library's revenue in 2022 was $1,350,440.


Official website here: www.mercantilelibrary.org

Who are the executives of The Mercantile Library and what are their salaries?

The average compensation at The Mercantile Library during 2022 was $70,250. There are 8 employees and 15 volunteers at The Mercantile Library.

Here are 26 key members and their salaries:

    John Faherty (Executive Dir.)
  • Compensation: $182,245
  • Related: $0
  • Other: $17,944

    • Verna Williams (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Laura Humphrey (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Thomas Freeman (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kathy Wilkinson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Deborah Ginocchio (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gabrielle Blocher (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Meera Kotagal (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brendon Cull (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Naomi Dallob (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tamara Harkavy (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Elizabeth Pierce (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jay Rammes (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Peter Niehoff (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Greg Rhodes (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Adrienne Cowden (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Ditomassi (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Abby Moran (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dr Kimberly Hamlin (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • George Vincent (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jerry Kathman (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ken Patel (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ben Greenberg (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ellen Sole (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kitty Rosenthal (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Selina Yoon (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.mercantilelibrary.org

    Where can I find the form 990 for The Mercantile Library?

    The The Mercantile Library’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.mercantilelibrary.org

    Learn more at the official website: www.mercantilelibrary.org

    Mission Statement of The Mercantile Library

    The Mercantile Library, as a general library, is dedicated to literary pursuits. Its members strive to make an impact through literature and ideas, fostering an interest in the written word and commending outstanding literary achievements. The mission of The Mercantile Library is to promote literacy and celebrate the finest in literary accomplishments, thereby advancing this cultural interest.

    In line with its mission, The Mercantile Library maintains a substantial collection of books and regularly presents a diverse array of programs and engaging content. These activities cater to readers, either through in-person events or online streaming, and include book discussions, poetry groups, and appearances from renowned authors and lecturers. The library's offerings serve to spark curiosity and encourage a deeper appreciation for literature among its members.

    Impact

    This information is meant to be a general summary of The Mercantile Library. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The Mercantile Library's impact is rooted in its mission to advance interest in the written word and celebrate literary achievement. Through its activities, such as book discussions, poetry groups, author appearances, and lectures, the library fosters a vibrant literary community in Cincinnati. With nearly 2,000 members, the library plays a crucial role in enriching the cultural and educational landscape of the city, offering a space for readers and writers to connect, learn, and grow. Its commitment to promoting literature and ideas underscores its significance as a hub for intellectual engagement and literary exploration.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $541,388
  • Program Service Revenue: $109,378
  • Gross Receipts: $3,310,645

    • Assets and Liabilities:
  • Total Assets: $6,956,122
  • Total Liabilities: $4,567
  • Net Assets: $6,951,555
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Literary Events

    Revenue

    $109,378

    Organization Details

    Founding Year

    2006

    Principal Officer

    John Faherty

    Main Address

    414 Walnut Street Floor 11, Cincinnati, OH, 45202

    NTEE Category

    Code: B70 - Education

    If you are a representative of The Mercantile Library and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.