Crandall Library
- Assets
- $18.8m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 76
- Location
- Glens Falls, NY
- Founding
- 02/1955
- Data as of
- 12/2023
- EIN
- 14-1338381
Organization Overview
Crandall Library is located in Glens Falls, NY. The organization was established in 1955. As of 12/2023, Crandall Library employed 76 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Crandall 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 12/2023, Crandall Library generated $5.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $5.3m during the year ending 12/2023. While expenses have increased by 2.0% per year over the past 9 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
PUBLIC LIBRARY SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE LIBRARY SERVICES TO THE CITY OF GLENS FALLS AND THE TOWNS OF QUEENSBURY AND MOREAU
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Reed Antis Secretary | OfficerTrustee | 1 | $0 |
Amy Bartlett Vice Preside | OfficerTrustee | 1 | $0 |
David Barcomb Treasurer | OfficerTrustee | 1 | $0 |
Suzanne Blood Trustee | Trustee | 0.5 | $0 |
Carol Ann Conover Trustee | Trustee | 0.5 | $0 |
Barbara Caimano Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $271,466 |
| All other contributions, gifts, grants, and similar amounts not included above | $917,956 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,189,422 |
| Total Program Service Revenue | $15,423 |
| Investment income | $278,475 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $11,553 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,201,407 |
| 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. | $107,054 |
| Compensation of current officers, directors, key employees. | $10,705 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,257,980 |
| Pension plan accruals and contributions | $435,516 |
| Other employee benefits | $320,150 |
| Payroll taxes | $168,340 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $183,259 |
| Advertising and promotion | $0 |
| Office expenses | $110,310 |
| Information technology | $6,725 |
| Royalties | $0 |
| Occupancy | $235,362 |
| Travel | $7,328 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $257,278 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $495,757 |
| Insurance | $47,065 |
| All other expenses | $112,268 |
| Total functional expenses | $5,336,251 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,171 |
| Savings and temporary cash investments | $673,266 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,083 |
| 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 | $106,663 |
| Net Land, buildings, and equipment | $8,678,769 |
| Investments—publicly traded securities | $8,345,421 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $957,786 |
| Total assets | $18,777,159 |
| Accounts payable and accrued expenses | $258,261 |
| Grants payable | $0 |
| Deferred revenue | $8,513 |
| Tax-exempt bond liabilities | $7,290,000 |
| 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 | $1,240,019 |
| Total liabilities | $8,796,793 |
| Net assets without donor restrictions | $0 |
| 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 | $4,195,052 |
| Retained earnings, endowment, accumulated income, or other funds | $5,785,314 |
| Total liabilities and net assets/fund balances | $18,777,159 |