Ruth Keeler Memorial Library
- Assets
- $1.5m
- Revenue
- $619.5k
- Investments
- $0.0
- Employees
- 8
- Location
- North Salem, NY
- Founding
- 07/1965
- Data as of
- 12/2021
- EIN
- 13-6181407
Organization Overview
Ruth Keeler Memorial Library is located in North Salem, NY. The organization was established in 1965. 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, Ruth Keeler Memorial Library employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ruth Keeler Memorial 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, Ruth Keeler Memorial Library generated $619.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $482.8k during the year ending 12/2021. While expenses have increased by 0.5% 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
THE RUTH KEELER MEMORIAL LIBRARY IS AN EDUCATIONAL AND CULTURAL CENTER FOR THE NORTH SALEM COMMUNITY, SERVING RESIDENTS FROM INFANTS TO SENIOR CITIZENS WITH PRINT AND MULTIMEDIA RESOURCES AS WELL AS ENRICHING PROGRAMS. THE LIBRARY SEEKS TO ENCOURAGE AN INFORMED AND CONNECTED COMMUNITY BY PROMOTING THE JOY OF READING, INTERNET LITERACY, AND BY OFFERING ART AND CULTURAL EVENTS IN A WELCOMING ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LIBRARY CIRCULATED THOUSANDS OF BOOKS, AUDIO/VISUAL MATERIALS AND MAGAZINES FREE OF CHARGE TO NORTH SALEM LIBRARY CARDHOLDERS; PRESENTED MANY FREE CULTURAL PROGRAMS FOR ALL AGES; AND COOPERATED WITH OTHER NON-PROFIT GROUPS IN NORTH SALEM TO EXPAND ITS AND THEIR CULTURAL OFFERINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Reznick Director/librarian | 35 | $87,852 | |
Cathleen Sulli Ass't Director/librarian | 35 | $76,331 | |
Virginia Connolly President | OfficerTrustee | 4 | $0 |
Tim Purdy Treasurer | OfficerTrustee | 4 | $0 |
Gretchen Farrell Secretary | OfficerTrustee | 4 | $0 |
Lori Tripoli Vice President | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $366,018 |
| All other contributions, gifts, grants, and similar amounts not included above | $194,272 |
| Noncash contributions included in lines 1a–1f | $4,645 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $560,290 |
| Total Program Service Revenue | $1,767 |
| Investment income | $47,139 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $10,333 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $619,529 |
| 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. | $180,602 |
| Compensation of current officers, directors, key employees. | $29,657 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $74,876 |
| Pension plan accruals and contributions | $4,627 |
| Other employee benefits | $0 |
| Payroll taxes | $19,820 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $500 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,884 |
| Information technology | $3,529 |
| Royalties | $0 |
| Occupancy | $11,476 |
| Travel | $20 |
| 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 | $35,716 |
| Insurance | $12,359 |
| All other expenses | $29,731 |
| Total functional expenses | $482,775 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,032 |
| Savings and temporary cash investments | $1,776 |
| 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 | $4,126 |
| Net Land, buildings, and equipment | $725,701 |
| Investments—publicly traded securities | $677,558 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,508,193 |
| Accounts payable and accrued expenses | $2,529 |
| Grants payable | $0 |
| Deferred revenue | $450 |
| 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 | $2,979 |
| Net assets without donor restrictions | $1,482,734 |
| Net assets with donor restrictions | $22,480 |
| 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 | $1,508,193 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Ruth Keeler Memorial Library has recieved totaling $27,445.
| Awarding Organization | Amount |
|---|---|
Kenneth And Lois Lippmann Charitable Foundation Inc North Salem, NY PURPOSE: UNRESTRICTED | $10,000 |
Margulf Foundation Glendale, CO PURPOSE: PROGRAMMING AND OPERATIONS | $10,000 |
Dinan Family Foundation Inc Palm Beach, FL PURPOSE: GENERAL | $5,000 |
Longhill Charitable Foundation Inc New York, NY PURPOSE: EDUCATION | $1,000 |
Carol Colman Timmis Foundation Ltd Palm Beach Gardens, FL PURPOSE: UNRESTRICTED GRANT | $400 |
Carol Colman Timmis Foundation Ltd Palm Beach Gardens, FL PURPOSE: UNRESTRICTED GRANT | $400 |
Endowment Analysis
| Beg. Balance | $367,045 |
| Earnings | $90,512 |
| Net Contributions | $220,000 |
| Ending Balance | $677,557 |
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 |