Katonah Village Library
- Assets
- $7.0m
- Revenue
- $1.0m
- Investments
- $1.5m
- Employees
- 25
- Location
- Katonah, NY
- Founding
- 11/1957
- Data as of
- 12/2020
- EIN
- 13-1921202
Organization Overview
Katonah Village Library is located in Katonah, NY. The organization was established in 1957. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 12/2020, Katonah Village Library employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Katonah Village 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 12/2020, Katonah Village Library generated $1.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $876.8k during the year ending 12/2020. While expenses have increased by 0.1% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LIBRARY SERVICES TO OVER 150,000 VISITORS DURING 2019 AND TO PROVIDE REFERENCE SERVICES TO THE NORTHERN PORTION OF WESTCHESTER COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE LIBRARY SERVICES TO OVER 150,000 VISITORS DURING 2020 AND TO PROVIDE REFERENCE SERVICES TO THE NORTHERN PORTION OF WESTCHESTER COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Kane Director | Trustee | 40 | $97,017 |
Rhea Johnson Vice President | OfficerTrustee | 3 | $0 |
Joseph Tropiano Vice President | OfficerTrustee | 3 | $0 |
Susan Popovic Co-Treasurer | OfficerTrustee | 3 | $0 |
Michael Dwyer President | OfficerTrustee | 3 | $0 |
Ian Shaw Treasurer | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $757,694 |
| All other contributions, gifts, grants, and similar amounts not included above | $48,142 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $805,836 |
| Total Program Service Revenue | $119,614 |
| Investment income | $45,786 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,696 |
| Net Gain/Loss on Asset Sales | $14,392 |
| Net Income from Fundraising Events | $698 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,004,267 |
| 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. | $97,017 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $332,070 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $135,477 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,603 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,162 |
| Fees for services: Other | $0 |
| Advertising and promotion | $459 |
| Office expenses | $21,856 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,448 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,187 |
| Insurance | $15,570 |
| All other expenses | $4,301 |
| Total functional expenses | $876,782 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $586,326 |
| 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 | $4,072,972 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,462,493 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $874,562 |
| Total assets | $6,996,353 |
| 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 | $2,492 |
| Total liabilities | $2,492 |
| Net assets without donor restrictions | $6,614,077 |
| Net assets with donor restrictions | $379,784 |
| 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 | $6,996,353 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Katonah Village Library has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Sharrock Family Charitable Tr Harrison, NY PURPOSE: GENERAL OPERATING SUPPORT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carnegie Library Of Pittsburgh Pittsburgh, PA | $129,763,715 | $43,541,952 |
Pierpont Morgan Library New York, NY | $416,332,166 | $59,153,120 |
Rochester Public Library Rochester, NY | $13,709,813 | $21,920,405 |
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 |