Floyd Memorial Library
- Assets
- $1.8m
- Revenue
- $551.9k
- Investments
- $0.0
- Employees
- 15
- Location
- Greenport, NY
- Founding
- 06/1960
- Data as of
- 12/2021
- EIN
- 11-1672764
Organization Overview
Floyd Memorial Library is located in Greenport, NY. The organization was established in 1960. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 12/2021, Floyd Memorial Library employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Floyd 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 12/2021, Floyd Memorial Library generated $551.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PUBLIC LIBRARY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC LIBRARY, PROVIDING LOCAL RESIDENTS WITH LIBRARY SERVICES INCLUDING LENDING BOOKS, VIDEOS, DVDS, ETC. PROVIDING COMPUTER ACCESS AS WELL AS SPECIAL EDUCATIONAL PROGRAMS AND EXHIBITS.
N/A
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Vitale Library Dir. | Officer | 35 | $120,000 |
Nadira Vlaun Vice President | OfficerTrustee | 1 | $0 |
Elizabeth Hartmann President | OfficerTrustee | 1 | $0 |
Miriam Foster Secretary | OfficerTrustee | 1 | $0 |
Peter Sacks Treasurer | OfficerTrustee | 1 | $0 |
Jurgen Riehle Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $512,095 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,370 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $544,465 |
| Total Program Service Revenue | $7,017 |
| Investment income | $375 |
| 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 | $551,857 |
| 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. | $133,200 |
| Compensation of current officers, directors, key employees. | $33,300 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $421,105 |
| Pension plan accruals and contributions | $10,505 |
| Other employee benefits | $98,787 |
| Payroll taxes | $53,097 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,434 |
| Office expenses | $14,075 |
| Information technology | $9,581 |
| Royalties | $0 |
| Occupancy | $30,608 |
| Travel | $831 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,265 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $132,387 |
| Insurance | $13,147 |
| All other expenses | $5,922 |
| Total functional expenses | $1,110,257 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,104 |
| Savings and temporary cash investments | $353,309 |
| 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 | $1,420,344 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,804,757 |
| Accounts payable and accrued expenses | $9,230 |
| 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 | $134,651 |
| Total liabilities | $143,881 |
| Net assets without donor restrictions | $1,063,722 |
| Net assets with donor restrictions | $597,154 |
| 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 | $1,804,757 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Floyd Memorial Library has recieved totaling $15,029.
| Awarding Organization | Amount |
|---|---|
Raymond James Charitable Endowment Fund St Petersberg, FL PURPOSE: GENERAL SUPPORT | $10,000 |
Southold Historical Society Trust Chicago, IL PURPOSE: GENERAL | $5,029 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Bucks County Free Library Doylestown, PA | $22,091,549 | $9,285,989 |
Science History Institute Support Company Philadelphia, PA | $170,290,036 | $11,212,295 |
Publishers International Linking Association Inc Lynnfield, MA | $16,437,833 | $11,352,834 |