Waverly Free Library
- Assets
- $872.8k
- Revenue
- $305.5k
- Investments
- $0.0
- Employees
- 5
- Location
- Waverly, NY
- Founding
- 12/1979
- Data as of
- 12/2021
- EIN
- 15-0592911
Organization Overview
Waverly Free Library is located in Waverly, NY. The organization was established in 1979. As of 12/2021, Waverly Free Library employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waverly 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, Waverly Free Library generated $305.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.7% each year . All expenses for the organization totaled $173.4k during the year ending 12/2021. While expenses have increased by 0.3% 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 PATRONS OF ALL AGES WITH A FRIENDLY ATMOSPHERE FOR ACCESS TO VARIOUS CATEGORIES OF MULTIMEDIA MATERIALS AND LIBRARY SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL LIBRARY SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Smith Kennedy President | Officer | 9 | $0 |
John Kinney Treasurer | Officer | 2 | $0 |
Sara Kitts Board Member | Trustee | 0 | $0 |
Fred Kennedy Board Member | Trustee | 4 | $0 |
Joshua Kitts Board Member | Trustee | 0 | $0 |
Tiffany Kovacs Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $500 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $39,295 |
| All other contributions, gifts, grants, and similar amounts not included above | $205,818 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $245,613 |
| Total Program Service Revenue | $486 |
| Investment income | $27,695 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $31,617 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $305,490 |
| 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 | $84,484 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,984 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,551 |
| Fees for services: Accounting | $591 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,613 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,951 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,049 |
| 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 | $0 |
| Insurance | $5,102 |
| All other expenses | $1,206 |
| Total functional expenses | $173,382 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,148 |
| 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 | $0 |
| Investments—publicly traded securities | $866,659 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $872,807 |
| Accounts payable and accrued expenses | $1,941 |
| 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 | $1,941 |
| Net assets without donor restrictions | $870,866 |
| 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 | $872,807 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Waverly Free Library has recieved totaling $706.
| Awarding Organization | Amount |
|---|---|
Tioga County Senior Citizens Foundation Owego, NY PURPOSE: LARGE PRINTBOOKS AND BOOKS ON CD | $500 |
Ballard Angels Inc Mountain Top, PA PURPOSE: PHILANTROPIC GIFTINGTO THE COMMUNITY | $150 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $56 |
Endowment Analysis
| Beg. Balance | $743,195 |
| Earnings | $45,077 |
| Admin Expense | $9,613 |
| Net Contributions | $162,000 |
| Other Expense | $74,000 |
| Ending Balance | $866,659 |
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 |