Heermance Memorial Library
- Assets
- $531.6k
- Revenue
- $297.6k
- Investments
- $0.0
- Employees
- 10
- Location
- Coxsackie, NY
- Founding
- 01/2003
- Data as of
- 12/2022
- EIN
- 04-3670100
Organization Overview
Heermance Memorial Library is located in Coxsackie, NY. The organization was established in 2003. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 12/2022, Heermance Memorial Library employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heermance Memorial Library is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Heermance Memorial Library generated $297.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $281.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
LIBRARY SERVICE INCLUDE LENDING OF BOOKS,MAGAZINES AND AUDIOVISUAL MATERIAL TO 8,000 RESIDENCE OF COXSACKIE AND SURROUNDING AREAS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS, PREFORMANCES AND LIBRARY EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
C Benson Director | OfficerTrustee | 35 | $63,036 |
Colleen Walsh Secretary | OfficerTrustee | 1 | $0 |
Mark Maraglio Treasurer | OfficerTrustee | 1 | $0 |
Carol Serazio Predident | OfficerTrustee | 1 | $0 |
Charles Hailer Vice President | OfficerTrustee | 1 | $0 |
Marilyn Rausch Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,937 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,865 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,802 |
| Total Program Service Revenue | $264,981 |
| Investment income | $828 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $297,611 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $63,036 |
| Compensation of current officers, directors, key employees. | $6,304 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $98,259 |
| Pension plan accruals and contributions | $18,971 |
| Other employee benefits | $0 |
| Payroll taxes | $14,540 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,737 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,169 |
| Fees for services: Other | $0 |
| Advertising and promotion | $748 |
| Office expenses | $9,020 |
| Information technology | $18,215 |
| Royalties | $0 |
| Occupancy | $21,485 |
| Travel | $29 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $692 |
| All other expenses | $0 |
| Total functional expenses | $281,519 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24 |
| Savings and temporary cash investments | $226,066 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $305,491 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $531,581 |
| Accounts payable and accrued expenses | $24,987 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $24,987 |
| Net assets without donor restrictions | $395,152 |
| Net assets with donor restrictions | $111,442 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $531,581 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Heermance Memorial Library has recieved totaling $17,404.
| Awarding Organization | Amount |
|---|---|
Alexander And Marjorie Hover Foundation Inc Germantown, NY PURPOSE: UPGRADEBFINANCIAL TRANSACTION SYSTEM | $8,702 |
Alexander And Marjorie Hover Foundation Inc Germantown, NY PURPOSE: UPGRADEBFINANCIAL TRANSACTION SYSTEM | $8,702 |
Endowment Analysis
| Beg. Balance | $122,292 |
| Other Expense | $10,850 |
| Ending Balance | $111,442 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carnegie Library Of Pittsburgh Pittsburgh, PA | $129,763,715 | $43,541,952 |
Pierpont Morgan Library New York, NY | $416,332,166 | $59,153,120 |
Rochester Public Library Rochester, NY | $13,709,813 | $21,920,405 |
Suffolk Cooperative Library System Bellport, NY | $18,374,423 | $17,112,722 |
Smithtown Library Nesconset, NY | $38,994,883 | $15,642,317 |
Allegheny County Library Assoc Pittsburgh, PA | $1,615,297 | $12,970,956 |
Buffalo & Erie County Public Library Buffalo, NY | $4,920,940 | $11,835,935 |
The Free Library Of Philadelphia Philadelphia, PA | $55,485,474 | $14,690,366 |
Massachusetts Library System Inc Marlborough, MA | $7,404,141 | $11,793,761 |
Ferguson Library Stamford, CT | $21,910,876 | $11,228,846 |
Proprietors Of The Boston Athenaeum Boston, MA | $130,203,809 | $11,281,803 |
Nassau Library System Uniondale, NY | $13,078,101 | $10,576,238 |