Rose Memorial Library Association
- Assets
- $888.3k
- Revenue
- $572.6k
- Investments
- $0.0
- Employees
- 16
- Location
- Stony Point, NY
- Founding
- 08/1967
- Data as of
- 12/2023
- EIN
- 13-2558480
Organization Overview
Rose Memorial Library Association is located in Stony Point, NY. The organization was established in 1967. 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, Rose Memorial Library Association employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rose Memorial Library Association 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, Rose Memorial Library Association generated $572.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $604.1k during the year ending 12/2023. 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
THE ROSE MEMORIAL LIBRARY ASSOCIATION IS A NEW YORK STATE NOT-FOR-PROFIT CORPORATION CHARTED BY THE REGENTS OF THE STATE OF NEW YORK AND FOUNDED IN 1949. IT IS ORGANIZED TO SERVE THE EDUCATIONAL, CULTURAL, AND SOCIAL NEEDS OF THE COMMUNITY OF THE TOWN OF STONY POINT. IT IS CONCERNED WITH PROVIDING OPPORTUNITIES FOR COMMUNITY CONNECTION AND GATHERING, AND PROVIDING MATERIALS AND PROGRAMMING FOR LITERACY, EDUCATIONAL, AND CULTURAL PURPOSES. THE ORGANIZATION CURRENTLY PROVIDES SERVICES FOR 14,813 RESIDENTS (FROM THE US CENSUS 2020). ROSE MEMORIAL LIBRARY IS GOVERNED BY AN ELECTED BOARD OF TRUSTEES. IT IS A MEMBER OF THE RAMAPO CATSKILL LIBRARY SYSTEM. THE LIBRARY IS SUPPORTED PRIMARILY THROUGH MUNICIPAL AND SCHOOL DISTRICT TAX ASSESSMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ROSE MEMORIAL LIBRARY IS THE COMMUNITYS SPACE FOR GATHERING, ENGAGING IN CULTURE AND ENTERTAINMENT, EXPLORING CURIOSITY, AND PURSUING LIFELONG LEARNING. TO FOLLOW THROUGH ON THIS COMMITMENT ROSE MEMORIAL OFFERS:A POPULAR BROWSING COLLECTION FEATURING MATERIALS AVAILABLE IN A WIDE RANGE OF FORMATS INCLUDING PRINT, AV, AUDIO, AND DIGITAL.RESOURCES OFFERING INFORMATION AND INSTRUCTION ON A BROAD ARRAY OF TOPICS RELATED TO WORK, SCHOOL, ENRICHMENT, AND PERSONAL GROWTH.PROGRAMMING FOR ALL AGES.OCHILDHOOD AND FAMILY PROGRAMS FOCUS ON LITERACY, SOCIAL-EMOTIONAL SKILLS, CREATIVITY AND PLAY-BASED LEARNING. REGULAR PROGRAMS INCLUDE:?STORYTIMES AND MUSIC AND MOVEMENT CLASSES FOR 0-5 YEAR-OLDS AND THEIR CAREGIVERS?ARTS AND CRAFTS?EXPERT-LED PROGRAMMING?STEAM CLASSES?NATURE-BASED PROGRAMMINGTEEN PROGRAMS RECOGNIZE THE UNIQUE INTERESTS, TIME-RESTRAINTS, SOCIAL NEEDS OF PATRONS AGES 12-18. TEEN PROGRAMS INCLUDE:OVOLUNTEER OPPORTUNITIESOBABY-SITTER CERTIFICATION CLASSESOCULINARY PROGRAMSOART SESSIONSADULTS TEND TO HAVE LITTLE FREE TIME AND ARE VERY THOUGHTFUL IN HOW THEY SPEND IT. OUR ADULT PROGRAMMING REFLECT AREAS IN WHICH THE ADULTS IN OUR COMMUNITY ARE INTERESTED IN DEVOTING THEIR PRECIOUS LITTLE AVAILABLE TIME. PROGRAMS FOR ADULTS INCLUDE:OEXPERT-LED DEMONSTRATIONS, CLASSES AND TALKSOARTS WORKSHOPSODEFENSIVE DRIVINGOCONCERTSOYOGA AND MOVEMENT CLASSESOPARTNERSHIP PROGRAMS WITH AND AT LOCAL SMALL BUSINESSESOBOOK CLUBS AND CONVERSATION GROUPSOMENTORSHIP OPPORTUNITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alice Meacham Executive Dir. | Officer | 40 | $83,917 |
F Hollis Griffin Jr Secretary | OfficerTrustee | 5 | $0 |
James Brooks Trustee | OfficerTrustee | 5 | $0 |
Richard Eggers Vice President | Trustee | 1 | $0 |
Theodore Needleman Treasurer | OfficerTrustee | 5 | $0 |
Amanda Pagan-Glass President | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $529,389 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,417 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $541,806 |
| Total Program Service Revenue | $2,512 |
| Investment income | $28,233 |
| 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 | $572,551 |
| 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. | $83,916 |
| Compensation of current officers, directors, key employees. | $16,783 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $289,356 |
| Pension plan accruals and contributions | $36,803 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,522 |
| Fees for services: Accounting | $8,840 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $175 |
| Fees for services: Other | $18,322 |
| Advertising and promotion | $1,949 |
| Office expenses | $6,566 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,232 |
| Insurance | $9,407 |
| All other expenses | $33,376 |
| Total functional expenses | $604,110 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,304 |
| Savings and temporary cash investments | $22,359 |
| 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 | $140,217 |
| Investments—publicly traded securities | $703,596 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,796 |
| Total assets | $888,272 |
| Accounts payable and accrued expenses | $26,422 |
| 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 | $4,796 |
| Total liabilities | $31,218 |
| Net assets without donor restrictions | $857,054 |
| 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 | $888,272 |