Great Neck Library
- Assets
- $35.0m
- Revenue
- $11.6m
- Investments
- $0.0
- Employees
- 104
- Location
- Great Neck, NY
- Founding
- 10/1967
- Data as of
- 06/2022
- EIN
- 11-1855653
Organization Overview
Great Neck Library is located in Great Neck, NY. The organization was established in 1967. As of 06/2022, Great Neck Library employed 104 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Great Neck 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, Great Neck Library generated $11.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $8.1m during the year ending 06/2022. 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 ENGAGE OUR DIVERSE COMMUNITY, INSPIRE IDEAS, AND ACCELERATE LIFELONG LEARNING THROUGH TRADITIONAL AND INNOVATIVE LIBRARY SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A DIVERSE ARRAY OF SERVICES TO THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise Corcoran Director | 35 | $137,981 | |
Steven Kashkin Business Man | Officer | 35 | $112,885 |
Rory Lancman Current Pres | Trustee | 2 | $0 |
Liman Mimi Hu President | Trustee | 2 | $0 |
Josephine Mairzadeh Vice Preside | Trustee | 2 | $0 |
Scott Sontag Secretary | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $47,734 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,734 |
| Total Program Service Revenue | $1,923,806 |
| Investment income | $7,980 |
| 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 | $11,637,861 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,629,559 |
| Pension plan accruals and contributions | $474,716 |
| Other employee benefits | $0 |
| Payroll taxes | $264,646 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $125,336 |
| Fees for services: Accounting | $17,105 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $92,701 |
| Advertising and promotion | $25,013 |
| Office expenses | $84,450 |
| Information technology | $89,983 |
| Royalties | $0 |
| Occupancy | $296,781 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,435 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,311,351 |
| Insurance | $94,934 |
| All other expenses | $555,437 |
| Total functional expenses | $8,078,149 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,577,888 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $45,780 |
| 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 | $163,929 |
| Net Land, buildings, and equipment | $12,479,981 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $6,259,244 |
| Other assets | $2,435,039 |
| Total assets | $34,961,861 |
| Accounts payable and accrued expenses | $837,800 |
| Grants payable | $0 |
| Deferred revenue | $1,334 |
| Tax-exempt bond liabilities | $7,083,465 |
| 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 | $14,121,775 |
| Total liabilities | $22,044,374 |
| 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 | $5,992,604 |
| Retained earnings, endowment, accumulated income, or other funds | $6,924,883 |
| Total liabilities and net assets/fund balances | $34,961,861 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Great Neck Library has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $273,937 |
| Net Contributions | $4,785 |
| Other Expense | $19,723 |
| Ending Balance | $258,999 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hartford Public Library Hartford, CT | $35,044,167 | $19,581,056 |
Great Neck Library Great Neck, NY | $34,961,861 | $11,637,861 |
Westport Library Assoc Westport, CT | $27,522,269 | $7,094,016 |
Oceanside Library Oceanside, NY | $46,476,817 | $6,978,242 |
Darien Library Inc Darien, CT | $29,008,924 | $5,931,772 |
Connetquot Public Library Bohemia, NY | $10,940,573 | $6,656,257 |
Crandall Library Glens Falls, NY | $18,989,283 | $4,650,669 |
Bryant Library Roslyn, NY | $10,311,911 | $5,190,176 |
Port Jefferson Free Library Port Jefferson, NY | $14,577,531 | $4,685,963 |
Riverhead Free Library Riverhead, NY | $9,623,554 | $4,087,006 |
Wilton Library Association Incorporated Wilton, CT | $11,356,788 | $3,701,367 |
Bergen County Cooperative Library System Inc Fair Lawn, NJ | $2,010,518 | $3,727,342 |