Smithtown Library
- Assets
- $40.4m
- Revenue
- $16.8m
- Investments
- $0.0
- Employees
- 173
- Location
- Nesconset, NY
- Founding
- 05/1978
- Data as of
- 12/2023
- EIN
- 11-6042380
Organization Overview
Smithtown Library is located in Nesconset, NY. The organization was established in 1978. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 12/2023, Smithtown Library employed 173 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Smithtown 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 12/2023, Smithtown Library generated $16.8m 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 $16.9m during the year ending 12/2023. While expenses have increased by 2.4% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ACCESS TO DIVERSE INFORMATION, LIFELONG LEARNING AND ENTERTAINMENT RESOURCES IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REFERENCE CENTER, THE LIBRARY ACTIVELY PROVIDES TIMELY, ACCURATE, AND USEFUL INFORMATION FOR RESIDENTS IN RESPONSE TO THEIR JOB RELATED AND PERSONAL NEEDS. IT PROVIDES COMPUTERS ONSITE AND WIRELESS ACCESS. THE LIBRARY'S FORMAL EDUCATION SUPPORT CENTER ASSISTS STUDENTS OF ALL AGES IN MEETING THE EDUCATIONAL REQUIREMENTS OF COURSES OF STUDY. THE POPULAR MATERIALS CENTER FEATURES CURRENT, HIGH DEMAND, HIGH INTEREST MATERIALS IN VARIOUS FORMATS FOR ALL AGES; IT ACTIVELY PROMOTES AND ENCOURAGES THE USE OF ITS COLLECTION. THE PRESCHOOLERS' DOOR TO LEARNING ENCOURAGES YOUNG CHILDREN TO DEVELOP AN INTEREST IN READING AND LEARNING THROUGH SERVICES FOR CHILDREN AND FOR PARENTS AND CHILDREN TOGETHER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Lusak Director | 35 | $247,286 | |
Patricia Thomson Assistant Director | 35 | $141,069 | |
Eileen Caulfield Librarian | 35 | $107,367 | |
Shelia Worlow Librarian | 35 | $101,828 | |
James Buckman Librarian | 35 | $105,475 | |
Mildred Bernstein Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $16,168,014 |
| All other contributions, gifts, grants, and similar amounts not included above | $47,062 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,215,076 |
| Total Program Service Revenue | $110,190 |
| Investment income | $499,888 |
| 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 | $16,825,154 |
| 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. | $247,286 |
| Compensation of current officers, directors, key employees. | $247,286 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,171,361 |
| Pension plan accruals and contributions | $1,944,866 |
| Other employee benefits | $2,898,194 |
| Payroll taxes | $538,995 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,516 |
| Fees for services: Accounting | $23,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $480,432 |
| Advertising and promotion | $0 |
| Office expenses | $55,338 |
| Information technology | $105,762 |
| Royalties | $0 |
| Occupancy | $443,319 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,325 |
| Interest | $274,682 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $997,449 |
| Insurance | $111,169 |
| All other expenses | $71,128 |
| Total functional expenses | $16,896,025 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,172 |
| Savings and temporary cash investments | $10,784,380 |
| Pledges and grants receivable | $12,022 |
| Accounts receivable, net | $0 |
| 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 | $10,533,867 |
| Net Land, buildings, and equipment | $19,043,328 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $58,995 |
| Total assets | $40,433,764 |
| Accounts payable and accrued expenses | $683,019 |
| Grants payable | $0 |
| Deferred revenue | $8,607,276 |
| Tax-exempt bond liabilities | $6,840,000 |
| 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 | $34,771,163 |
| Total liabilities | $50,901,458 |
| 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 | $12,203,328 |
| Retained earnings, endowment, accumulated income, or other funds | -$22,671,022 |
| Total liabilities and net assets/fund balances | $40,433,764 |