Finger Lakes Library Systems
- Assets
- $3.6m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 21
- Location
- Ithaca, NY
- Founding
- 03/1980
- Data as of
- 12/2021
- EIN
- 15-0613223
Organization Overview
Finger Lakes Library Systems is located in Ithaca, NY. The organization was established in 1980. As of 12/2021, Finger Lakes Library Systems employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Finger Lakes Library Systems 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, Finger Lakes Library Systems generated $1.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Finger Lakes Library Systems has awarded 52 individual grants totaling $1,312,099. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO STIMULATE, COORDINATE AND STRENGTHEN LIBRARY AND INFORMATION SERVICES WITHIN CAYUGA, CORTLAND, SENECA, TIOGA, AND TOMPKINS COUNTIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO STIMULATE, COORDINATE AND STRENGTHEN LIBRARY AND INFORMATION SERVICES WITHIN CAYUGA, CORTLAND, SENECA, TIOGA, AND TOMPKINS COUNTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Glogowski Executive Director | 50 | $101,354 | |
Sharon Campanella Treasurer | Officer | 1 | $800 |
Sue Heavenrich Secretary | OfficerTrustee | 2 | $0 |
Martin Toombs President | OfficerTrustee | 2 | $0 |
Gary Seymour Trustee | Trustee | 2 | $0 |
Deborah J Lewis Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,070,250 |
| All other contributions, gifts, grants, and similar amounts not included above | $174,789 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,245,039 |
| Total Program Service Revenue | $363,499 |
| Investment income | $5,885 |
| 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 | $1,662,099 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $21,342 |
| 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. | $101,354 |
| Compensation of current officers, directors, key employees. | $35,474 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $404,784 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $166,444 |
| Payroll taxes | $43,184 |
| 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 | $17,411 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $48,759 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $25,187 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $71,182 |
| Insurance | $11,370 |
| All other expenses | $261 |
| Total functional expenses | $1,432,869 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,958 |
| Savings and temporary cash investments | $1,846,890 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,812 |
| 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 | $62,869 |
| Net Land, buildings, and equipment | $1,592,180 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,557,709 |
| Accounts payable and accrued expenses | $175,094 |
| 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 | $1 |
| Total liabilities | $175,095 |
| Net assets without donor restrictions | $3,033,660 |
| Net assets with donor restrictions | $348,954 |
| 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 | $3,557,709 |
Grants Awarded
Over the last fiscal year, Finger Lakes Library Systems has awarded $260,560 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
Ithaca, NY PURPOSE: CLDA, LLSA, Outreach Mini-Grant, CA | $137,562 |
Waterloo, NY PURPOSE: LLSA, CARES ACT, Outreach Mini Gran | $27,961 |
Cortland, NY PURPOSE: LLSA, CARES ACT, SPEC LEGIS GTS | $16,126 |
Groton, NY PURPOSE: LLSA, Outreach Mini Grants, CARES | $14,619 |
Auburn, NY PURPOSE: LLSA, CARES ACT | $14,116 |
Dryden, NY PURPOSE: LLSA, Outreach Mini Grant, CARES AC | $12,837 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Finger Lakes Library Systems has recieved totaling $14,011.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Tompkins County Inc Ithaca, NY PURPOSE: GENERAL SUPPORT | $13,990 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $21 |
Endowment Analysis
| Beg. Balance | $250,000 |
| Ending Balance | $250,000 |
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 |