Little Falls Public Library
- Assets
- $1.2m
- Revenue
- $321.5k
- Investments
- $0.0
- Employees
- 7
- Location
- Little Falls, NY
- Founding
- 02/1980
- Data as of
- 06/2022
- EIN
- 15-0539107
Organization Overview
Little Falls Public Library is located in Little Falls, NY. The organization was established in 1980. As of 06/2022, Little Falls Public Library employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Little Falls Public 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 06/2022, Little Falls Public Library generated $321.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $269.8k during the year ending 06/2022. While expenses have increased by 3.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE RESOURCES AND SERVICES TO FULFILL INDIVIDUAL INFORMATIONAL NEEDS FOR DAILY LIVING AND PLEASURE AND FOR CULTURAL EDUCATIONAL AND LEISURELY PURSUITS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE RESOURCES AND SERVICES TO FULFILL INDIVIDUAL INFORMATIONAL NEEDSFOR DAILY LIVING AND PLEASURE AND FOR CULTURAL EDUCATION AND LEISURELY PURSUITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Kelly Vice President | OfficerTrustee | 2 | $0 |
Ralph Renzulli Treasurer | OfficerTrustee | 2 | $0 |
Julie Regan Secretary | OfficerTrustee | 2 | $0 |
Chet Szymanski President | OfficerTrustee | 2 | $0 |
Peggy Scarano Trustee | Trustee | 2 | $0 |
Joan Carrig Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $102,555 |
| All other contributions, gifts, grants, and similar amounts not included above | $161,408 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $263,963 |
| Total Program Service Revenue | $40,728 |
| Investment income | $17,859 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,100 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $321,450 |
| 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 | $105,624 |
| Pension plan accruals and contributions | $639 |
| Other employee benefits | $0 |
| Payroll taxes | $12,186 |
| 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 | $5,324 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,035 |
| Information technology | $19,240 |
| Royalties | $0 |
| Occupancy | $56,378 |
| 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 | $33,471 |
| Insurance | $6,545 |
| All other expenses | $25,384 |
| Total functional expenses | $269,826 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $243,293 |
| Savings and temporary cash investments | $0 |
| 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 | $607,032 |
| Investments—publicly traded securities | $392,900 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,243,225 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,243,225 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Little Falls Public Library has recieved totaling $6,524.
| Awarding Organization | Amount |
|---|---|
Upmobility Foundation Inc Little Falls, NY PURPOSE: GENERAL CHARITABLE PURPOSES | $3,000 |
Burrows Foundation Little Falls, NY PURPOSE: 2021 CONTRIBUTION | $2,000 |
Nora Roberts Foundation Inc Glenn Dale, MD PURPOSE: OPERATIONS | $1,000 |
Wish You Well Foundation Pennington, NJ PURPOSE: UNRESTRICTED GENERAL | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $24 |
Endowment Analysis
| Beg. Balance | $457,854 |
| Earnings | -$56,472 |
| Admin Expense | $5,324 |
| Other Expense | $3,158 |
| Ending Balance | $392,900 |
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 |