Southold Free Library
- Assets
- $3.7m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 19
- Location
- Southold, NY
- Founding
- 04/1989
- Data as of
- 06/2022
- EIN
- 11-1675859
Organization Overview
Southold Free Library is located in Southold, NY. The organization was established in 1989. As of 06/2022, Southold Free Library employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southold Free 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 06/2022, Southold Free Library generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $1.2m during the year ending 06/2022. While expenses have increased by 3.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE LIBRARY SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE LIBRARY SERVICES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Caroline Macarthur Director | 35 | $104,906 | |
Martin Faint Secretary | OfficerTrustee | 10 | $0 |
Heather Romanelli Treasurer | OfficerTrustee | 10 | $0 |
David Robinson President | OfficerTrustee | 10 | $0 |
Lisa Davidoff Vice President | OfficerTrustee | 10 | $0 |
James Roth Trustee | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,105,432 |
| All other contributions, gifts, grants, and similar amounts not included above | $46,821 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,152,253 |
| Total Program Service Revenue | $3,504 |
| Investment income | -$337 |
| 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 | $1,155,420 |
| 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. | $104,906 |
| Compensation of current officers, directors, key employees. | $10,386 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $360,790 |
| Pension plan accruals and contributions | $6,124 |
| Other employee benefits | $86,641 |
| Payroll taxes | $35,686 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $360 |
| Fees for services: Accounting | $9,763 |
| 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 | $13,348 |
| Information technology | $11,299 |
| Royalties | $0 |
| Occupancy | $111,473 |
| Travel | $2,984 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,822 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $201,178 |
| Insurance | $17,603 |
| All other expenses | $27,796 |
| Total functional expenses | $1,191,240 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $254,020 |
| Savings and temporary cash investments | $139,704 |
| Pledges and grants receivable | $1,397 |
| 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 | $15,945 |
| Net Land, buildings, and equipment | $3,309,910 |
| Investments—publicly traded securities | $8,155 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,729,131 |
| Accounts payable and accrued expenses | $48,756 |
| Grants payable | $0 |
| Deferred revenue | $7,253 |
| 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 | $108,895 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $164,904 |
| 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 | $3,201,015 |
| Retained earnings, endowment, accumulated income, or other funds | $363,212 |
| Total liabilities and net assets/fund balances | $3,729,131 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Southold Free Library has recieved totaling $5,356.
| Awarding Organization | Amount |
|---|---|
Joe & Hellen Darion Foundation Inc Oceanside, NY PURPOSE: GENERAL WELFARE | $5,000 |
Malcolm Gibbs Foundation Inc New York, NY PURPOSE: GENERAL | $250 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $106 |
Endowment Analysis
| Beg. Balance | $27,310 |
| Other Expense | $4,974 |
| Grants | $500 |
| Ending Balance | $21,836 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Heights Inc Potomac, MD | $28,496,015 | $21,762,530 |
New Foundations Charter School Marlton, NJ | $17,967,778 | $23,202,828 |
Executive Education Academy Charter School Allentown, PA | $63,584,076 | $23,169,797 |
Central Catholic High School Inc Lawrence, MA | $53,774,234 | $20,404,394 |
Foundation Academy Charter School Trenton, NJ | $16,120,573 | $21,345,321 |
Albany Academy Albany, NY | $58,726,077 | $27,181,105 |
Tatnall School Inc Wilmington, DE | $48,687,568 | $19,526,911 |
Variety Child Learning Center Syosset, NY | $8,356,973 | $21,867,725 |
Elisabeth Morrow School Englewood, NJ | $43,835,854 | $20,290,882 |
Village Community School New York, NY | $70,966,980 | $22,510,782 |
Youngstown State University Foundation Youngstown, OH | $318,269,128 | $38,933,738 |
American Dairy Assn & Dairy Council Of Ny Inc Empire Building North Syracuse, NY | $7,719,519 | $19,494,429 |