Suffern Free Library
- Assets
- $7.9m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 50
- Location
- Suffern, NY
- Founding
- 04/1971
- Data as of
- 06/2023
- EIN
- 13-1763816
Organization Overview
Suffern Free Library is located in Suffern, NY. The organization was established in 1971. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 06/2023, Suffern Free Library employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Suffern 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, Suffern Free Library generated $3.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $2.8m during the year ending 06/2023. 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
OPERATION OF A PUBLIC LIBRARY
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A PUBLIC LIBRARY OPEN TO ALL RESIDENTS OF THE SUFFERN CENTRAL SCHOOL DISTRICT. THE LIBRARY IS FUNDED BY TAXES AND GRANTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darlene Alessi Director | OfficerTrustee | 40 | $125,366 |
Craig Long President | OfficerTrustee | 0 | $0 |
Warren Berbit Vice President | OfficerTrustee | 0 | $0 |
Mario Pensa Treasurer | OfficerTrustee | 0 | $0 |
Mark Murphy Trustee | Trustee | 0 | $0 |
Herbert Cooper Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,179,571 |
| All other contributions, gifts, grants, and similar amounts not included above | $177,335 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,356,906 |
| Total Program Service Revenue | $41,261 |
| Investment income | $158,674 |
| 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 | $3,556,841 |
| 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. | $125,366 |
| Compensation of current officers, directors, key employees. | $50,146 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,177,307 |
| Pension plan accruals and contributions | $55,021 |
| Other employee benefits | $216,605 |
| Payroll taxes | $92,402 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $23,372 |
| Information technology | $3,873 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,201 |
| Interest | $37,210 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $338,899 |
| Insurance | $32,520 |
| All other expenses | $79,951 |
| Total functional expenses | $2,807,142 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,769,712 |
| 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 | $30,606 |
| Net Land, buildings, and equipment | $3,009,890 |
| Investments—publicly traded securities | $1,785,547 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $61,043 |
| Other assets | $205,606 |
| Total assets | $7,862,404 |
| Accounts payable and accrued expenses | $23,748 |
| Grants payable | $0 |
| Deferred revenue | $72,033 |
| 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 | $1,465,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $24,992 |
| Total liabilities | $1,585,773 |
| Net assets without donor restrictions | $6,247,141 |
| Net assets with donor restrictions | $29,490 |
| 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 | $7,862,404 |