Long Island Library Resources Council Inc
- Assets
- $1.8m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 9
- Location
- Bellport, NY
- Founding
- 03/1972
- Data as of
- 06/2024
- EIN
- 11-2157354
Organization Overview
Long Island Library Resources Council Inc is located in Bellport, NY. The organization was established in 1972. As of 06/2024, Long Island Library Resources Council Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Long Island Library Resources Council Inc 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, Long Island Library Resources Council Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $1.2m during the year ending 06/2024. While expenses have increased by 2.0% per year over the past 5 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
COORDINATE LIBRARY SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE & COORDINATE COOPERATIVE ACTIVITIES AMONGST ALL TYPES OF LIBRARIES IN THE REGION AND TO ENHANCE EACH MEMBER'S ABILITY TO SERVE ITS CLIENTELE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy J Spindler Director | 35 | $156,237 | |
Caroline Ashby Trustee | Trustee | 2 | $0 |
Ludmila Pollock Trustee | Trustee | 2 | $0 |
Janet Scherer President | OfficerTrustee | 2 | $0 |
William Caniano Secretary | OfficerTrustee | 2 | $0 |
Carl Vitevitch Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $142,190 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $956,081 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,283 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,116,554 |
| Total Program Service Revenue | $78,416 |
| Investment income | $42,496 |
| 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 | $1,237,466 |
| 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. | $156,237 |
| Compensation of current officers, directors, key employees. | $156,237 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $401,776 |
| Pension plan accruals and contributions | $84,601 |
| Other employee benefits | $169,643 |
| Payroll taxes | $40,936 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,190 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,183 |
| Advertising and promotion | $8,402 |
| Office expenses | $20,400 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,818 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $45,763 |
| Interest | $6,686 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $48,166 |
| Insurance | $4,668 |
| All other expenses | $8,781 |
| Total functional expenses | $1,210,993 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50 |
| Savings and temporary cash investments | $1,325,950 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $58 |
| 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 | $24,493 |
| Net Land, buildings, and equipment | $11,901 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $201,879 |
| Other assets | $196,890 |
| Total assets | $1,761,221 |
| Accounts payable and accrued expenses | $39,172 |
| Grants payable | $0 |
| Deferred revenue | $58,706 |
| 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 | $2,092,657 |
| Total liabilities | $2,190,535 |
| 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 | $11,901 |
| Retained earnings, endowment, accumulated income, or other funds | -$441,215 |
| Total liabilities and net assets/fund balances | $1,761,221 |