Rogers Memorial Library Co
- Assets
- $10.3m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 60
- Location
- Southampton, NY
- Founding
- 10/1957
- Data as of
- 12/2023
- 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 12/2023, Rogers Memorial Library Co employed 60 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 12/2023, Rogers Memorial Library Co generated $5.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $4.8m during the year ending 12/2023. While expenses have increased by 1.4% per year over the past 5 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
2023
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 | $158,960 | |
Marcellina Byrne Supervisor | 40 | $107,414 | |
Bethany Gates Supervisor | 40 | $102,776 | |
Anthony Valle Supervisor | 40 | $100,966 | |
Georgette Chapek Trustee | Trustee | 10 | $0 |
Robert Fischette President | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,072,844 |
| All other contributions, gifts, grants, and similar amounts not included above | $127,499 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,200,343 |
| Total Program Service Revenue | $13,921 |
| Investment income | $14,425 |
| 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 | $5,228,689 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,000 |
| 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. | $158,960 |
| Compensation of current officers, directors, key employees. | $158,960 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,249,494 |
| Pension plan accruals and contributions | $196,312 |
| Other employee benefits | $414,426 |
| Payroll taxes | $175,415 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,721 |
| Fees for services: Accounting | $17,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,562 |
| Advertising and promotion | $0 |
| Office expenses | $59,325 |
| Information technology | $28,039 |
| Royalties | $0 |
| Occupancy | $451,317 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,258 |
| Interest | $30,006 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $336,583 |
| Insurance | $40,803 |
| All other expenses | $37,623 |
| Total functional expenses | $4,848,496 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $743,360 |
| Savings and temporary cash investments | $3,539,773 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $514 |
| 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 | $74,336 |
| Net Land, buildings, and equipment | $5,846,698 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $48,023 |
| Total assets | $10,252,704 |
| Accounts payable and accrued expenses | $333,191 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $1,240,000 |
| 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 | $63,726 |
| Total liabilities | $1,636,917 |
| 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 | $4,536,308 |
| Retained earnings, endowment, accumulated income, or other funds | $4,079,479 |
| Total liabilities and net assets/fund balances | $10,252,704 |