Riverhead Free Library
- Assets
- $9.9m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 68
- Location
- Riverhead, NY
- Founding
- 09/1959
- Data as of
- 06/2024
- EIN
- 11-1897225
Organization Overview
Riverhead Free Library is located in Riverhead, NY. The organization was established in 1959. As of 06/2024, Riverhead Free Library employed 68 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverhead 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 06/2024, Riverhead Free Library 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 4.2% each year. All expenses for the organization totaled $4.2m during the year ending 06/2024. While expenses have increased by 2.5% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LIBRARY SERVICES, MATERIALS AND PROGRAMS TO THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SERVE PATRONS IN ALL ASPECTS OF EDUCATIONAL RESOURCES SUCH AS LIBRARY BOOKS, DVD'S, COMPACT DISCS, VIDEOS AND COMPUTER SERVICES IN THE LOCAL COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kerrie A Mcmullen-Smith Director | 35 | $121,415 | |
Janet O'hare President | OfficerTrustee | 2 | $0 |
Susan Berdinka Treasurer | OfficerTrustee | 2 | $0 |
David Friedrich Vice President | OfficerTrustee | 2 | $0 |
Janet Vuturo Trustee | Trustee | 2 | $0 |
William Sandback Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,783,950 |
| All other contributions, gifts, grants, and similar amounts not included above | $42,838 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,826,788 |
| Total Program Service Revenue | $41,468 |
| Investment income | $28,135 |
| 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 | $4,896,391 |
| 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. | $121,415 |
| Compensation of current officers, directors, key employees. | $121,415 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,748,336 |
| Pension plan accruals and contributions | $202,198 |
| Other employee benefits | $681,997 |
| Payroll taxes | $140,328 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,185 |
| Fees for services: Accounting | $14,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $84,883 |
| Advertising and promotion | $0 |
| Office expenses | $36,458 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $225,580 |
| Travel | $4,367 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $81 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $216,058 |
| Insurance | $53,029 |
| All other expenses | $108,871 |
| Total functional expenses | $4,190,516 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $462,671 |
| Savings and temporary cash investments | $4,435,180 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $264,052 |
| 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 | $10,651 |
| Net Land, buildings, and equipment | $3,044,834 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $903 |
| Other assets | $1,648,477 |
| Total assets | $9,866,768 |
| Accounts payable and accrued expenses | $169,438 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,987,458 |
| Total liabilities | $7,156,896 |
| Net assets without donor restrictions | -$374,885 |
| Net assets with donor restrictions | $3,084,757 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,866,768 |