Hendrick Hudson Free Library
- Assets
- $6.4m
- Revenue
- $1.7m
- Investments
- $700.2k
- Employees
- 33
- Location
- Montrose, NY
- Founding
- 01/1967
- Data as of
- 06/2023
- EIN
- 13-1900119
Organization Overview
Hendrick Hudson Free Library is located in Montrose, NY. The organization was established in 1967. As of 06/2023, Hendrick Hudson Free Library employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hendrick Hudson 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, Hendrick Hudson Free Library generated $1.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $1.6m during the year ending 06/2023. While expenses have increased by 1.7% per year over the past 8 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 LIBRARY SERVICES TO THE RESIDENTS OF THE HENDRICK HUDSON SCHOOL DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIBRARY SERVICES - PROVIDING FACILITY FOR PUBLIC USE FOR BOOKS, AUDIO & VIDEO MATERIALS, REFERENCE MATERIALS, COMPUTERS AND COORDINATING GROUP AND COMMUNITY EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Brandon President | OfficerTrustee | 1 | $0 |
Kevin Quigley President-Elect | OfficerTrustee | 1 | $0 |
Francoise Legoues Secretary | OfficerTrustee | 1 | $0 |
Gina Goodenow Treasurer | OfficerTrustee | 1 | $0 |
Mark Geisler Trustee | Trustee | 0.5 | $0 |
Judi Diloreto Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $143,068 |
| All other contributions, gifts, grants, and similar amounts not included above | $23,798 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $166,866 |
| Total Program Service Revenue | $1,494,268 |
| Investment income | $45,931 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$9,038 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,698,027 |
| 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. | $105,325 |
| Compensation of current officers, directors, key employees. | $26,331 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $509,219 |
| Pension plan accruals and contributions | $62,900 |
| Other employee benefits | $148,561 |
| Payroll taxes | $44,183 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,231 |
| Advertising and promotion | $8,102 |
| Office expenses | $29,277 |
| Information technology | $64,479 |
| Royalties | $0 |
| Occupancy | $147,342 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $40,887 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $228,298 |
| Insurance | $30,283 |
| All other expenses | $2,937 |
| Total functional expenses | $1,568,347 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,095,736 |
| Pledges and grants receivable | $7,364 |
| 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 | $123,480 |
| Net Land, buildings, and equipment | $3,423,651 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $700,237 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,350,468 |
| Accounts payable and accrued expenses | $87,113 |
| Grants payable | $0 |
| Deferred revenue | $83,300 |
| Tax-exempt bond liabilities | $1,485,000 |
| 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 | $0 |
| Total liabilities | $1,655,413 |
| Net assets without donor restrictions | $4,695,055 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,350,468 |