Valley Cottage Free Library
- Assets
- $8.6m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 44
- Location
- Valley Cottage, NY
- Founding
- 06/1960
- Data as of
- 12/2021
- EIN
- 13-6128677
Organization Overview
Valley Cottage Free Library is located in Valley Cottage, NY. The organization was established in 1960. 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, Valley Cottage Free Library employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley Cottage 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 12/2021, Valley Cottage Free Library 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 1.3% each year. All expenses for the organization totaled $2.3m during the year ending 12/2021. While expenses have increased by 1.1% 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
PUBLIC LIBRARY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC LIBRARY FOR NYACK SCHOOL DISTRICT COMMUNITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amelia Kalin Executive Dir. | Trustee | 40 | $164,065 |
Christy Blanchette Assistant Director | 40 | $115,840 | |
Arlette M Mooney President | OfficerTrustee | 2 | $0 |
Michael Mark Secretary | OfficerTrustee | 2 | $0 |
Frank Dwyer Vice President | OfficerTrustee | 2 | $0 |
Marjorie Mcloughlin Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $46,498 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,479 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,977 |
| Total Program Service Revenue | $2,404,573 |
| Investment income | $2,645 |
| 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 | $2,467,810 |
| 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. | $175,927 |
| Compensation of current officers, directors, key employees. | $149,538 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,067,175 |
| Pension plan accruals and contributions | $45,797 |
| Other employee benefits | $137,895 |
| Payroll taxes | $96,144 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,180 |
| Fees for services: Accounting | $8,325 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $28,143 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $132 |
| 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 | $364,050 |
| Insurance | $43,484 |
| All other expenses | $56,961 |
| Total functional expenses | $2,266,209 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69 |
| Savings and temporary cash investments | $4,508,592 |
| 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 | $15,116 |
| Net Land, buildings, and equipment | $3,729,666 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $366,632 |
| Total assets | $8,620,075 |
| Accounts payable and accrued expenses | $38,122 |
| Grants payable | $0 |
| Deferred revenue | $2,137,189 |
| 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 | $2,175,311 |
| Net assets without donor restrictions | $6,409,732 |
| Net assets with donor restrictions | $35,032 |
| 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 | $8,620,075 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Valley Cottage Free Library has recieved totaling $58.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $58 |
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 |