Cutchogue New Suffolk Free Library
- Assets
- $5.1m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 26
- Location
- Cutchogue, NY
- Founding
- 03/1980
- Data as of
- 06/2023
- EIN
- 11-2009643
Organization Overview
Cutchogue New Suffolk Free Library is located in Cutchogue, NY. The organization was established in 1980. As of 06/2023, Cutchogue New Suffolk Free Library employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cutchogue New Suffolk 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 06/2023, Cutchogue New Suffolk Free Library generated $1.9m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $1.9m during the year ending 06/2023. While expenses have increased by 2.8% per year over the past 4 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
PROVIDE LIBRARY PROGRAMS FOR PUBLIC AND COMMUNITY SERVICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rosemary Winters Director | 40 | $102,654 | |
Richard Jordan President | OfficerTrustee | 10 | $0 |
Wendy Reeve Vice President | OfficerTrustee | 10 | $0 |
Sara Campbell Treasurer | OfficerTrustee | 10 | $0 |
Robert Mccaughey Secretary | OfficerTrustee | 10 | $0 |
Kathy Perretta Trustee | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,792,119 |
| All other contributions, gifts, grants, and similar amounts not included above | $81,794 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,873,913 |
| Total Program Service Revenue | $12,603 |
| Investment income | $27,749 |
| 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 | $1,914,265 |
| 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. | $115,900 |
| Compensation of current officers, directors, key employees. | $115,900 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $854,724 |
| Pension plan accruals and contributions | $66,056 |
| Other employee benefits | $197,390 |
| Payroll taxes | $71,380 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,788 |
| Fees for services: Accounting | $10,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $800 |
| Advertising and promotion | $0 |
| Office expenses | $24,315 |
| Information technology | $31,466 |
| Royalties | $0 |
| Occupancy | $96,846 |
| Travel | $3,048 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $43,792 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $114,516 |
| Insurance | $24,639 |
| All other expenses | $12,205 |
| Total functional expenses | $1,858,128 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $139,438 |
| Savings and temporary cash investments | $2,221,316 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $116,981 |
| 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 | $6,422 |
| Net Land, buildings, and equipment | $2,646,554 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,020 |
| Total assets | $5,132,731 |
| Accounts payable and accrued expenses | $111,548 |
| 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 | $1,146,320 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,257,868 |
| 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 | $1,500,234 |
| Retained earnings, endowment, accumulated income, or other funds | $2,374,629 |
| Total liabilities and net assets/fund balances | $5,132,731 |