Franklin Free Library
- Assets
- $596.6k
- Revenue
- $93.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Franklin, NY
- Founding
- 11/1989
- Data as of
- 12/2021
- EIN
- 15-0574859
Organization Overview
Franklin Free Library is located in Franklin, NY. The organization was established in 1989. 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, Franklin Free Library employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Franklin 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, Franklin Free Library generated $93.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $72.7k during the year ending 12/2021. While expenses have increased by 6.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A FREE PUBLIC LIBRARY TO LOCAL AREA RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES A FREE LIBRARY SERVICE TO THE PUBLIC OF THE TOWN OF FRANKLIN, NEW YORK AND VICINITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Pinney Treasurer | Officer | 5 | $900 |
Elliot Cohen Vice Preside | OfficerTrustee | 1 | $0 |
Carol Jensen President | OfficerTrustee | 1 | $0 |
Wendy Swears Secretary | OfficerTrustee | 1 | $0 |
Chrissy Elmendorf Board Member | Trustee | 1 | $0 |
Gary Orton Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $42,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,787 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $53,287 |
| Total Program Service Revenue | $0 |
| Investment income | $17,297 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $23,174 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $93,758 |
| 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 | $27,023 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $511 |
| Payroll taxes | $2,180 |
| Fees for services: Management | $900 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $935 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $146 |
| Information technology | $4,577 |
| Royalties | $0 |
| Occupancy | $17,852 |
| 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 | $5,797 |
| Insurance | $0 |
| All other expenses | $2,389 |
| Total functional expenses | $72,709 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,781 |
| Savings and temporary cash investments | $150,750 |
| 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 | $162,493 |
| Investments—publicly traded securities | $277,611 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $596,635 |
| 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 | $596,635 |
| 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 | $596,635 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Franklin Free Library has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Oconnor Foundation Delhi, NY PURPOSE: 2021 SUMMER YOUTH PROGRAM AND WINTER READING PROGRAM | $1,500 |
The Tom Morgan & Erna J Mcreynolds Charitable Foundation Franklin, NY PURPOSE: DISCRETIONARY DONATION | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Dauphin County Library System Harrisburg, PA | $25,002,394 | $9,527,130 |
Springfield Museums Corporation Springfield, MA | $83,263,430 | $9,886,411 |
York County Library System York, PA | $12,667,989 | $7,212,125 |
Westchester Library System Elmsford, NY | $6,787,041 | $7,508,558 |
Pennsylvania Academic Library Consortium Inc Drexel Hill, PA | $3,964,819 | $6,669,541 |
American Antiquarian Society Worcester, MA | $122,268,688 | $9,559,298 |
John Fitzgerald Kennedy Library Foundation Incorporated Boston, MA | $64,242,661 | $9,493,249 |