Rye Free Reading Room
- Assets
- $5.7m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 35
- Location
- Rye, NY
- Founding
- 08/1945
- Data as of
- 12/2021
- EIN
- 13-1740028
Organization Overview
Rye Free Reading Room is located in Rye, NY. The organization was established in 1945. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 12/2021, Rye Free Reading Room employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rye Free Reading Room 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 12/2021, Rye Free Reading Room generated $2.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 0.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE AS A DYNAMIC GATHERING PLACE AND CENTER FOR LIFELONG LEARNING FOR RYE RESIDENTS OF ALL AGES AND INTERESTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE UP-TO-DATE INFORMATIONAL SERVICES AND RECREATIONAL MATERIALS - LIBRARY MATERIALS CICULATION OF 115,195.PROVIDE EDUCATIONAL PROGRAMS - 722 PROGRAMS HELD, ATTENDED BY 14,405 CHILDREN, 1,635 TEENS AND 2,432 ADULTS. PROVIDE COMPUTER SERVICES AND EDUCATIONAL TUTORIAL CLASSES RELATED TO SOFTWARE AND HARDWARE - 4,162 APPOINTMENTS, 5,172 HOURS OF WIFI UTILIZED AND 61,724 SESSIONS CONSUMED BY INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Shoemaker Director | Officer | 40 | $110,632 |
Stacy Lavelle Bookkeeper | Officer | 12 | $11,564 |
Mary Beth Lubeck Business Manager | Officer | 12 | $9,871 |
Francis Jenkins Past President | OfficerTrustee | 2 | $0 |
Sara Wise-Miller Past President | OfficerTrustee | 2 | $0 |
Kathleen Riegelhaupt President | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $72,062 |
| Related organizations | $0 |
| Government grants | $1,745,542 |
| All other contributions, gifts, grants, and similar amounts not included above | $404,783 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,222,387 |
| Total Program Service Revenue | $61,035 |
| Investment income | $65,419 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $166,318 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,524,239 |
| 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. | $173,605 |
| Compensation of current officers, directors, key employees. | $173,605 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $778,248 |
| Pension plan accruals and contributions | $77,390 |
| Other employee benefits | $52,555 |
| Payroll taxes | $79,053 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,505 |
| Fees for services: Accounting | $17,894 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,535 |
| Fees for services: Other | $84,566 |
| Advertising and promotion | $0 |
| Office expenses | $73,441 |
| Information technology | $73,672 |
| Royalties | $0 |
| Occupancy | $189,008 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,858 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $176,876 |
| Insurance | $29,548 |
| All other expenses | $0 |
| Total functional expenses | $2,035,248 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $742,474 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,557,997 |
| Investments—publicly traded securities | $2,376,036 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,676,507 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $4,120,756 |
| Net assets with donor restrictions | $1,555,751 |
| 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 | $5,676,507 |
Grants Recieved
Over the last fiscal year, we have identified 22 grants that Rye Free Reading Room has recieved totaling $157,820.
| Awarding Organization | Amount |
|---|---|
Sue & Edgar Wachenheim Foundation Purchase, NY PURPOSE: GENERAL PURPOSE | $50,000 |
The Kim And David Wagman Foundation Purchase, NY PURPOSE: GENERAL PURPOSE | $35,000 |
Amy And Michael Mccaffery Foundation Purchase, NY PURPOSE: GENERAL PURPOSE | $25,000 |
M & S Love Foundation Cincinnati, OH PURPOSE: PROJECT/PROGRAM SUPPORT | $15,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $7,097 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $6,450 |
Endowment Analysis
| Beg. Balance | $2,189,719 |
| Earnings | $295,025 |
| Other Expense | $95,001 |
| Ending Balance | $2,389,743 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Suffolk Cooperative Library System Bellport, NY | $18,374,423 | $17,112,722 |
Smithtown Library Nesconset, NY | $38,994,883 | $15,642,317 |
Allegheny County Library Assoc Pittsburgh, PA | $1,615,297 | $12,970,956 |
Buffalo & Erie County Public Library Buffalo, NY | $4,920,940 | $11,835,935 |
The Free Library Of Philadelphia Philadelphia, PA | $55,485,474 | $14,690,366 |
Massachusetts Library System Inc Marlborough, MA | $7,404,141 | $11,793,761 |
Ferguson Library Stamford, CT | $21,910,876 | $11,228,846 |
Proprietors Of The Boston Athenaeum Boston, MA | $130,203,809 | $11,281,803 |
Nassau Library System Uniondale, NY | $13,078,101 | $10,576,238 |
Bucks County Free Library Doylestown, PA | $22,091,549 | $9,285,989 |
Science History Institute Support Company Philadelphia, PA | $170,290,036 | $11,212,295 |
Publishers International Linking Association Inc Lynnfield, MA | $16,437,833 | $11,352,834 |