Rogers Memorial Library Co
- Assets
- $10.1m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 69
- Location
- Southampton, NY
- Founding
- 10/1957
- Data as of
- 12/2021
- EIN
- 11-1674173
Organization Overview
Rogers Memorial Library Co is located in Southampton, NY. The organization was established in 1957. 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, Rogers Memorial Library Co employed 69 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rogers Memorial Library Co 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, Rogers Memorial Library Co generated $4.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $4.5m during the year ending 12/2021. While expenses have increased by 0.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
PROVIDE LIBRARY SERVICES TO COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
VARIOUS LIBRARY PROGRAMS FOR PUBLIC AND COMMUNITY SERVICE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Burns Director | 40 | $153,421 | |
Robert Fischette President | OfficerTrustee | 10 | $0 |
Patricia M Finocchiaro Vice President | OfficerTrustee | 10 | $0 |
David Campbell Treasurer | OfficerTrustee | 10 | $0 |
Victoria Kahn Secretary | OfficerTrustee | 10 | $0 |
Susan E Johns Trustee | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,793,992 |
| All other contributions, gifts, grants, and similar amounts not included above | $71,530 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,865,522 |
| Total Program Service Revenue | $9,395 |
| Investment income | $8,181 |
| 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 | $4,883,098 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,500 |
| 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. | $153,421 |
| Compensation of current officers, directors, key employees. | $153,421 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,068,396 |
| Pension plan accruals and contributions | $171,087 |
| Other employee benefits | $362,461 |
| Payroll taxes | $159,417 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,678 |
| Fees for services: Accounting | $18,122 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $540 |
| Advertising and promotion | $0 |
| Office expenses | $48,190 |
| Information technology | $21,320 |
| Royalties | $0 |
| Occupancy | $411,405 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,553 |
| Interest | $39,891 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $341,789 |
| Insurance | $37,820 |
| All other expenses | $37,490 |
| Total functional expenses | $4,450,213 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $719,323 |
| Savings and temporary cash investments | $2,928,432 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $383 |
| 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 | $19,920 |
| Net Land, buildings, and equipment | $6,396,677 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $32,249 |
| Total assets | $10,096,984 |
| Accounts payable and accrued expenses | $382,465 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $1,685,000 |
| 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 | $90,582 |
| Total liabilities | $2,158,047 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $4,589,751 |
| Retained earnings, endowment, accumulated income, or other funds | $3,349,186 |
| Total liabilities and net assets/fund balances | $10,096,984 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Rogers Memorial Library Co has recieved totaling $914.
| Awarding Organization | Amount |
|---|---|
Edward T Habermann And Susan B Koehn Foundation Water Mill, NY PURPOSE: UNRESTRICTED SUPPORT OF ORGANIZATIONS EXEMPT PURPOSE | $500 |
Fanwood Foundation New York, NY PURPOSE: GENERAL PURPOSE | $250 |
William L & Lesley H Collins Family Foundation Naples, FL PURPOSE: CHARITY | $100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $64 |
Endowment Analysis
| Beg. Balance | $199,770 |
| Net Contributions | $2,114 |
| Other Expense | $7,079 |
| Ending Balance | $194,805 |
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 |