Great Neck Library
- Assets
- $33.4m
- Revenue
- $10.1m
- Investments
- $0.0
- Employees
- 113
- Location
- Great Neck, NY
- Founding
- 10/1967
- Data as of
- 06/2023
- EIN
- 11-1855653
Organization Overview
Great Neck Library is located in Great Neck, NY. The organization was established in 1967. As of 06/2023, Great Neck Library employed 113 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 06/2023, Great Neck Library generated $10.1m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $10.4m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (6.4%) per year over the past 8 years. 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
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 |
|---|---|---|---|
Rory Lancman Current Pres | OfficerTrustee | 2 | $0 |
Liman Mimi Hu Treasurer | OfficerTrustee | 2 | $0 |
Josephine Mairzadeh Asst Treasur | Trustee | 2 | $0 |
Scott Sontag Vice Preside | OfficerTrustee | 2 | $0 |
Kathleen Gold Secretary | OfficerTrustee | 2 | $0 |
Dr Barry Smith Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $115,320 |
| 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 | $115,320 |
| Total Program Service Revenue | $20,080 |
| Investment income | $289,278 |
| 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 | $10,072,941 |
| 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 | $4,133,534 |
| Pension plan accruals and contributions | $376,695 |
| Other employee benefits | $1,499,826 |
| Payroll taxes | $301,508 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $280,856 |
| Fees for services: Accounting | $17,515 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $78,764 |
| Advertising and promotion | $32,231 |
| Office expenses | $57,190 |
| Information technology | $66,113 |
| Royalties | $0 |
| Occupancy | $220,873 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,942 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,396,860 |
| Insurance | $119,438 |
| All other expenses | $698,278 |
| Total functional expenses | $10,392,005 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $14,265,001 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,233 |
| 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 | $190,716 |
| Net Land, buildings, and equipment | $11,758,715 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $5,746,649 |
| Other assets | $1,458,549 |
| Total assets | $33,426,863 |
| Accounts payable and accrued expenses | $915,593 |
| Grants payable | $0 |
| Deferred revenue | $162,179 |
| Tax-exempt bond liabilities | $6,549,453 |
| 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 | $13,201,215 |
| Total liabilities | $20,828,440 |
| 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 | $4,388,266 |
| Retained earnings, endowment, accumulated income, or other funds | $8,210,157 |
| Total liabilities and net assets/fund balances | $33,426,863 |