John Jermain Memorial Library
- Assets
- $21.5m
- Revenue
- $3.0m
- Investments
- $250.8k
- Employees
- 22
- Location
- Sag Harbor, NY
- Founding
- 02/1972
- Data as of
- 12/2021
- 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 12/2021, John Jermain Memorial Library employed 22 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 12/2021, John Jermain Memorial Library generated $3.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $2.7m 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
TO PROVIDE LIBRARY SERVICES TO THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY LIBRARY SERVICES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Creedon Director | Trustee | 40 | $160,442 |
Gloria Primm Brown President | Officer | 1 | $0 |
Patty Mccormick Secretary | Officer | 1 | $0 |
Ann Sutphen Treasurer (2021) | Officer | 1 | $0 |
Michael Garabedian Vice President | Officer | 1 | $0 |
Nick Knab 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 | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $78,740 |
| Noncash contributions included in lines 1a–1f | $2,029 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $78,740 |
| Total Program Service Revenue | $2,901,488 |
| Investment income | $6,690 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $553 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,987,471 |
| 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. | $142,615 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $736,013 |
| Pension plan accruals and contributions | $133,406 |
| Other employee benefits | $234,316 |
| Payroll taxes | $72,366 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,484 |
| Fees for services: Accounting | $17,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $14,482 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $73,128 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,478 |
| Interest | $303,426 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $587,313 |
| Insurance | $40,479 |
| All other expenses | $125,854 |
| Total functional expenses | $2,709,042 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,586 |
| Savings and temporary cash investments | $4,595,633 |
| 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 | $16,506,448 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $250,836 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,458,503 |
| Accounts payable and accrued expenses | $0 |
| 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 | $5,973,835 |
| Total liabilities | $5,973,835 |
| Net assets without donor restrictions | $15,309,668 |
| Net assets with donor restrictions | $175,000 |
| 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 | $21,458,503 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that John Jermain Memorial Library has recieved totaling $16,000.
| Awarding Organization | Amount |
|---|---|
Ayco Charitable Foundation Cohoes, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $15,000 |
Sunny & Abe Rosenberg Foundation Inc New York, NY PURPOSE: FOR GENERAL SUPPORT | $1,000 |
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 |