Exeter Community Library Management Problems

07/11/2025

Municipal Support
Reading was the only municipality in Berks County that provided more financial support than Exeter Township in 2024. It provided $478,090 for 95,112 residents (per capita of $5.03).
Exeter ($300,000) and St. Lawrence ($9,460) provided $309,460 for 27,538 residents (per capita of $11.31).

Source: BCPL Advisory Board Funding Formula 2026

04/11/2025

The township should reduce its library funding to $150,000 in the 2026 budget and can do so without having a negative effect on library operations.

The library director stated while requesting an increase in funding to $300,00 during the October 28,2025 budget presentation that “we have made it this year” and ”we’re doing OK.” That is a gross misrepresentation of the library’s current financial status. Here is the documentation the library has at least $512,938 available to support operations.

1.Exeter Library Association 2023 Form 0990

See IRS Form 0990 above on home page

Total liquid assets of $286,135 at end of 2023.

2,. Exeter Library Association Board Meeting Minutes

January 13, 2025

Treasurer’s Report: Christy Resh presented the treasurer’s report. The report included information on total cash available as well as revenue and expenses for December. December 2024 YTD revenue was $652.4K. Revenue for the month of December 2024 was $8.1K. December 2024 YTD expenses were $506,497.36 for 2024. Expenses for the month of December 2024 were $42,943.48.

Net Gain for 2024 $652,400 - $506,497 = $145,903

Exeter Library Association Board Meeting Minutes

September 8, 2025

August 2025 YTD revenue was $$463.5K (total budgeted revenue for 2025 is $558,199). $350.4K gov’t funding, $7.8K fees & fines, $75.8K donations & gifts, $3.7K fundraising revenues, $25K grants, and $0.8K In-kind contributions. Revenue for the month of August was $9.5K. $4.3K gov’t funding, $1.1K fees & fines, $0.9K donations & gifts, $3.1K fundraising revenues, and $0.1K In-Kind contributions. August 2025 YTD expenses were $387.3K (total budgeted expenses for 2025 are $558,249). Expenses for the month of August 2025 were $42.1K. August YTD 2025, the library has a gain of $80.9K. Note Other Revenue of $4.6K.

Net gain through August 2025 $80,900

Total liquid assets as of 12/31/23 $286,135

Net Gain for 2024 $145,903

Net gain through August 2025 $80,900

Funds available to support operations $512,938

17/09/2025

The library director should come to its budget presentation, thank the supervisors for their financial support, and request zero budget dollars for 2026. They had a net gain of $145,903 from 2024 and a net gain of $106,800 in 2025 YTD. They also have $286,135 in cash and savings as of December 31,2023 (last public posting of IRS form 0990).

Treasurer’s Report: Christy Resh, read by Jordan Henning, presented the treasurer’s report
sharing revenue and expenditures for the month. July 2025 YTD revenue was $$454 K (total
budgeted revenue for 2025 is $558,199). Revenue for the month of July was $94.4K. July 2025
YTD expenses were $351.2K (total budgeted expenses for 2025 are $558,249). Expenses for the
month of July 2025 were $64.9K. July YTD 2025, the library has a gain of $106.8K. Note Other
Revenue of $4.1K.

Source: January 2025 minutes
Treasurer’s Report: Christy Resh presented the treasurer’s report. The report included
information on total cash available as well as revenue and expenses for December. December
2024 YTD revenue was $652.4K. Revenue for the month of December 2024 was $8.1K.
December 2024 YTD expenses were $506,497.36 for 2024. Expenses for the month of
December 2024 were $42,943.48.

Source: January 2025 minutes

23/06/2025

Exeter Library Association tax returns for 2021 - 2023 are available at https://www.guidestar.org/Guidestar (free access). 2024 returns will be available in August or September.
Note: You can access any non-profit organization's tax returns on Guidestar.

Revenue less expenses
2020 2021 2022 2023
$38,349 $57,149 $109,341 $12,197

Total gain over four years is $217,036

Assets
Sum of Cash non-interest bearing and Savings and temporary cash investments

2020 2021 2022 2023
$144,871 $173,289 $257,182 $286,135

Net increase of $141,264 over four years (97.5%).

What happened to the rest of the net gain ($217,036 - $141,264)?

Find and check a charity using Candid's GuideStar. Look up 501(c)(3) status, search 990s, create nonprofit organizations lists, and verify nonprofit information.

08/02/2025

Exeter Community Library listed $286,135 in assets other than real estate in its 2023 tax return (see below). The nonprofit's 2024 net gain will be around $146,000 (as reported at the January 13, 2025 board meeting) bringing total assets other than real estate to about $ 432,135. That amount would cover 77% of its 2025 budget. Why did the library fail to provide YTD income statements and a complete list of assets when requesting $300,000 at the budget meeting on October 22,2024? The library did not provide ANY financial information at that meeting. The chairman had to request financial information. Unfortunately he did not ask for specific reports. Audited financial statements for 2024, YTD income statements and a current list of assets should be provided at every annual budget meeting. Where is the library's transparency? The 2025 township budget provided $298,100 to the library but that decision was made based on 2023 year end statements when the library reported a net gain of $12,197, not on income statements disclosing a $132,949 gain through September at the time the budget meetings were held:

October 2024 Minutes
Treasurer’s Report: Christy Resh shared the treasurer’s report.
September 2024 YTD revenue was $501.9K. Revenue for the month of September 2024 was
$5,091.08.
September 2024 YTD expenses were $368,950.63. Expenses for the month of September 2024
were $28,771.87.

YTD gain was $132,949 through September at the time the budget meetings were held.
Maybe the new executive director will bring transparency to the organization. I would expect the township supervisors to have very specific financial reporting requirements during the budget meetings this year.

0990 reports for 2021 through 2023 are available upon request from the library ([email protected]).

24/01/2025

Exeter Community Library (non-profit) has a record gain of $181,042.37 through end of November

From the November 2024 minutes available on the library's website in the About Us section:
Treasurer’s Report: Christy Resh presented the treasurer’s report. The report included information on total cash available as well as revenue and expenses for November. November 2024 YTD revenue was $644.2K for 2024. Revenue for the month of November 2024 was $4.5K. November 2024 YTD expenses were $463,157.63 for 2024. Expenses for the month of November 2024 were $30,952.29.

18/11/2024

Ibrahim Bangura has resigned from the library board effective November 11, 2024. He is the third board member to resign in 2024.

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