Young Mens Institute Library
- Assets
- $1.2m
- Revenue
- $208.3k
- Investments
- $390.8k
- Employees
- 0
- Location
- New Haven, CT
- Founding
- 01/1972
- Data as of
- 09/2021
- EIN
- 06-0646756
Organization Overview
Young Mens Institute Library is located in New Haven, CT. The organization was established in 1972. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Young Mens Institute 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 09/2021, Young Mens Institute Library generated $208.3k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 37.4% each year . All expenses for the organization totaled $95.2k during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINING LIBRARY AND PROVIDING LIBRARY SERVICES TO ITS MEMBERSHIP AND THE COMMUNITY.
THE INSTITUTE HAS CREATED THE SOCIAL JUSTICE READER, A FELLOWSHIP OPPORTUNITY FOR NEW HAVEN HIGH SCHOOL STUDENTSOF AFRICAN AMERICAN OR AFRICAN DESCENT TO EXPLORE RACE ASA SOCIAL CONSTRUCT, RACIAL JUSTICE AND RACISM FROM THE DISCIPLINARY PERSPECTIVE OF THEIR CHOICE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eva Geertz Executive Director | 27 | $9,944 | |
Bennett Lovett-Graff Board Member | 3 | $0 | |
Laura Boyer Building Committee Chair | 1 | $0 | |
Andrew Drabkin Board Member | 0.5 | $0 | |
Maryann Ott Board Chair | 6 | $0 | |
Joshua Mamis Board Member | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $159,788 |
| Interest on Savings | $6 |
| Dividends & Interest | $648 |
| Net Rental Income | $15,634 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $15,350 |
| Total Revenue | $208,322 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $15,864 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,195 |
| Depreciation | $12,344 |
| Occupancy | $34,482 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,623 |
| Total operating and administrative expenses | $95,194 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $95,194 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $193,780 |
| Savings and temporary cash investments | $42,284 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $212,719 |
| Investments—mortgage loans | $0 |
| Investments—other | $390,833 |
| Net Land, buildings, and equipment | $383,042 |
| Other assets | $6,291 |
| Total assets | $1,228,949 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $4,428 |
| Total liabilities | $4,428 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Young Mens Institute Library has recieved totaling $66,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $55,000 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: EDUCATIONAL PROGRAMS & OTHER STUDENT SVC | $11,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Proprietors Of The Boston Athenaeum Boston, MA | $130,203,809 | $11,281,803 |
Nassau Library System Uniondale, NY | $13,078,101 | $10,576,238 |
Publishers International Linking Association Inc Lynnfield, MA | $16,437,833 | $11,352,834 |
Springfield Museums Corporation Springfield, MA | $83,263,430 | $9,886,411 |
Providence Public Library Providence, RI | $36,987,936 | $6,478,555 |
Westchester Library System Elmsford, NY | $6,787,041 | $7,508,558 |
American Antiquarian Society Worcester, MA | $122,268,688 | $9,559,298 |
John Fitzgerald Kennedy Library Foundation Incorporated Boston, MA | $64,242,661 | $9,493,249 |
Providence Community Library Providence, RI | $3,536,568 | $6,105,940 |
Emma S Clark Memorial Library Association Setauket, NY | $12,307,300 | $6,439,716 |
Proprietors Of The Social Law Library Boston, MA | $11,132,474 | $6,079,847 |
New City Library New City, NY | $17,574,056 | $6,151,626 |