Keene Valley Library Association
- Assets
- $3.6m
- Revenue
- $332.2k
- Investments
- $0.0
- Employees
- 10
- Location
- Keene Valley, NY
- Founding
- 06/1954
- Data as of
- 12/2021
- EIN
- 14-1409842
Organization Overview
Keene Valley Library Association is located in Keene Valley, NY. The organization was established in 1954. As of 12/2021, Keene Valley Library Association employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Keene Valley 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 12/2021, Keene Valley Library Association generated $332.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $206.3k during the year ending 12/2021. 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
OPERATING A PUBLIC LIBRARY FOR THE BENEFIT OF KEENE VALLEY, ESSEX COUNTY, NEW YORK AS WELL AS AN EXTENSIVE ARCHIVE DEPARTMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATING A PUBLIC LIBRARY FOR THE BENEFIT OF KEENE VALLEY, ESSEX COUNTY, NEW YORK AS WELL AS MAINTAINING AN EXTENSIVE ARCHIVE DEPARTMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robyn Shumer President | Trustee | 2 | $0 |
Emily Eisman Secretary | Trustee | 1 | $0 |
Kathy Kernan Treasurer | Trustee | 1 | $0 |
Angela Durant Vice President | Trustee | 1 | $0 |
Jim Mooney Director | Trustee | 1 | $0 |
Tom Dubois Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $131,031 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $131,031 |
| Total Program Service Revenue | $11,615 |
| Investment income | $189,585 |
| 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 | $332,231 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $89,246 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,831 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,955 |
| Fees for services: Other | $1,028 |
| Advertising and promotion | $0 |
| Office expenses | $3,342 |
| Information technology | $2,137 |
| Royalties | $0 |
| Occupancy | $13,186 |
| 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 | $54,323 |
| Insurance | $5,734 |
| All other expenses | $3,406 |
| Total functional expenses | $206,333 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,164 |
| Savings and temporary cash investments | $69,152 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,066 |
| 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 | $2,076,083 |
| Investments—publicly traded securities | $1,388,797 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,581,262 |
| Accounts payable and accrued expenses | $3,471 |
| 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 | $0 |
| Total liabilities | $3,471 |
| Net assets without donor restrictions | $3,577,791 |
| 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 | $3,581,262 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Keene Valley Library Association has recieved totaling $23,300.
| Awarding Organization | Amount |
|---|---|
Clements Foundation Inc Fort Wayne, IN PURPOSE: COMMUNITY ACTIVITY | $7,600 |
Northern New York Library Network Potsdam, NY PURPOSE: LIBRARY COOPERATION KEENE VALLEY'S NEIGHBOR LIBRARY MUST CLOSE FOR BUILDING REPAIRS OVER WINTER. KVLA IS OPEN EVERY OTHER DAY DURING WINTER AND PROPOSES THEY LET KEENE LIBRARY USE KVLA'S BUILDING ON OFF DAYS. PROJECT BEGINS TO CREATE SHARED SERVICES, COLLECTIONS, AND CONNECTIONS AMONG STAFF AND PATRONS. FUNDING FOR A COMPUTER, EXTRA ARCHIVIST HOURS, JOINT BOOKS AND ADDITIONAL PROGRAMMING. | $5,500 |
J M Mcdonald Foundation Inc Wilmington, DE PURPOSE: OURSTORYBRIDGE: CONNECTING THE PAST AND THE PRESENT | $5,000 |
Pumpkin Hill Foundation Cincinnati, OH PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
Noonmark Foundation Mount Vernon, IA PURPOSE: ARTS | $200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hartford Public Library Hartford, CT | $35,044,167 | $19,581,056 |
Great Neck Library Great Neck, NY | $34,961,861 | $11,637,861 |
Westport Library Assoc Westport, CT | $27,522,269 | $7,094,016 |
Oceanside Library Oceanside, NY | $46,476,817 | $6,978,242 |
Darien Library Inc Darien, CT | $29,008,924 | $5,931,772 |
Connetquot Public Library Bohemia, NY | $10,940,573 | $6,656,257 |
Crandall Library Glens Falls, NY | $18,989,283 | $4,650,669 |
Bryant Library Roslyn, NY | $10,311,911 | $5,190,176 |
Port Jefferson Free Library Port Jefferson, NY | $14,577,531 | $4,685,963 |
Riverhead Free Library Riverhead, NY | $9,623,554 | $4,087,006 |
Wilton Library Association Incorporated Wilton, CT | $11,356,788 | $3,701,367 |
Bergen County Cooperative Library System Inc Fair Lawn, NJ | $2,010,518 | $3,727,342 |