Middle Country Library Foundation Inc

Organization Overview

Middle Country Library Foundation Inc is located in Centereach, NY. The organization was established in 1997. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Middle Country Library Foundation 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 06/2022, Middle Country Library Foundation Inc generated $438.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $157.6k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (12.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO ADVANCE DEVELOPMENT OF INNOVATIVE LIBRARY BASED PROGRAMS THAT FOCUS ON FAMILIES, CHILDREN, BUSINESSES, LITERACY AND INFORMATION TECHNOLOGIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

FUNDS ARE PAID TO THE MIDDLE COUNTRY PUBLIC LIBRARY TO ENHANCE ITS FAMILY PLACE PROGRAMS. WORKING IN COLLABORATION WITH COMMUNITY AGENCIES, FAMILY PLACE LIBRARIANS REACH OUT TO PARENTS AND CAREGIVERS TO PROVIDE THE LOCAL NETWORK FAMILIES NEED TO NURTURE THEIR CHILDREN DURING THE FIRST YEARS OF LIFE AND ENSURE THEY ENTER SCHOOL READY TO LEARN.


OTHER PROGRAM SERVICES CONSIST OF THE TEEN SERVICES, 2-1-1 LONG ISLAND DATABASE,THE NATURE EXPLORIUM, MILLER CENTER AND BUSINESS ACADEMY.


OTHER PROGRAMS THAT ENHANCE THE DEVELOPMENT OF LOCAL, AND MINORITY BUSINESSES IN THE COMMUNITY LITERACY AND INFORMATIONAL TECHNOLOGY


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Board, Officers & Key Employees

Name (title)Compensation
Stephanie Dietz
Secretary
$0
Sandra Sprows Ph D
Chairman
$0
Maria Gasparis ESQ
Vice Chairman
$0
James Verdi CFP
Treasurer
$0
Sophia Serlis-Mcphillips
Director
$0
Marian Conway PHD
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$82,400
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$82,400
Total Program Service Revenue$32,950
Investment income $46,419
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $275,834
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $438,205

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Middle Country Library Foundation Inc has recieved totaling $32,225.

Awarding OrganizationAmount
$25,000
New York Community Bank Foundation

Roslyn, NY

PURPOSE: SUPPORT FAMILY CENTER PROGRAM

$5,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$1,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$1,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$200
American Express Foundation

New York, NY

PURPOSE: GENERAL SUPPORT

$25
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$2,014,522
Earnings-$243,796
Admin Expense$15,056
Grants$75,172
Ending Balance$1,680,498

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