John Jermain Memorial Library
- Assets
- $21.3m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 25
- Location
- Sag Harbor, NY
- Founding
- 02/1972
- Data as of
- 12/2022
- EIN
- 11-1672774
Organization Overview
John Jermain Memorial Library is located in Sag Harbor, NY. 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. As of 12/2022, John Jermain Memorial Library employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. John Jermain 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, John Jermain Memorial Library generated $3.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $2.8m 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
TO PROVIDE LIBRARY SERVICES TO THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY LIBRARY SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Harris Director | 35 | $153,588 | |
Gloria Primm Brown President | OfficerTrustee | 1 | $0 |
Ann Sutphen Vice President | OfficerTrustee | 1 | $0 |
William Mccoy Treasurer | OfficerTrustee | 1 | $0 |
Diane Deger Secretary | OfficerTrustee | 1 | $0 |
Michael Butler Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Trunzo Building Contractors Inc Preconstruction Services Provided For Li | 12/30/16 | $2,163,244 |
Racanelli Construction Co Inc Preconstruction Services Provided For Li | 12/30/16 | $185,232 |
Demco Preconstruction Services Provided For Li | 12/30/16 | $157,559 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,993,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $83,285 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,076,985 |
| Total Program Service Revenue | $18,376 |
| Investment income | $6,708 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,312 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,104,381 |
| 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. | $153,588 |
| Compensation of current officers, directors, key employees. | $153,588 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $803,316 |
| Pension plan accruals and contributions | $40,166 |
| Other employee benefits | $313,360 |
| Payroll taxes | $70,294 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,080 |
| Fees for services: Accounting | $25,395 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,613 |
| Advertising and promotion | $0 |
| Office expenses | $10,151 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $150,302 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,930 |
| Interest | $274,265 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $575,467 |
| Insurance | $33,415 |
| All other expenses | $42,906 |
| Total functional expenses | $2,761,581 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,038 |
| Savings and temporary cash investments | $2,605,422 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $411 |
| 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 | $25,838 |
| Net Land, buildings, and equipment | $16,053,861 |
| Investments—publicly traded securities | $2,500,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $39,581 |
| Total assets | $21,285,151 |
| Accounts payable and accrued expenses | $39,940 |
| 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 | $5,343,559 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $39,581 |
| Total liabilities | $5,423,080 |
| Net assets without donor restrictions | $15,680,427 |
| Net assets with donor restrictions | $181,644 |
| 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 | $21,285,151 |