Coburn Free Library
- Assets
- $2.9m
- Revenue
- $696.4k
- Investments
- $0.0
- Employees
- 8
- Location
- Owego, NY
- Founding
- 03/1953
- Data as of
- 12/2021
- EIN
- 15-0614230
Organization Overview
Coburn Free Library is located in Owego, NY. The organization was established in 1953. 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, Coburn Free Library employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coburn 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, Coburn Free Library generated $696.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 34.1% each year . All expenses for the organization totaled $196.9k during the year ending 12/2021. While expenses have increased by 8.1% 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
PROVIDE READING & REF. SERVICES TO THE LOCAL COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
CIRCULATION OF BOOKS, PERIODICALS, AUDIO-VISUAL MATERIALS. MAINTENANCE OF REFERENCE LIBRARY AND GENEOLOGY COLLECTION.
RAISED MONEY TO BUILD AN ELEVATOR FOR THE PATRONS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Meredith Gallaro Exec. Dir. | OfficerTrustee | 30 | $36,372 |
Linda Williams President | OfficerTrustee | 0 | $0 |
David Woodburn Trustee - Treasurer | OfficerTrustee | 0 | $0 |
Jason Luke Trustee | OfficerTrustee | 0 | $0 |
Ellen Keough Trustee | Officer | 0 | $0 |
Michael Phelps Trustee | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $883 |
| Related organizations | $0 |
| Government grants | $127,448 |
| All other contributions, gifts, grants, and similar amounts not included above | $493,846 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $622,177 |
| Total Program Service Revenue | $0 |
| Investment income | $74,262 |
| 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 | $696,439 |
| 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. | $36,392 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $50,106 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,617 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,225 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,799 |
| Advertising and promotion | $0 |
| Office expenses | $6,850 |
| Information technology | $14,155 |
| Royalties | $0 |
| Occupancy | $21,570 |
| Travel | $100 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,918 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,207 |
| Insurance | -$4,100 |
| All other expenses | $97 |
| Total functional expenses | $196,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $186,877 |
| Savings and temporary cash investments | $903,706 |
| 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 | $1,811,545 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,500 |
| Total assets | $2,903,628 |
| Accounts payable and accrued expenses | $86,222 |
| 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 | $86,222 |
| 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 | $2,817,406 |
| Total liabilities and net assets/fund balances | $2,903,628 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Coburn Free Library has recieved totaling $505.
| Awarding Organization | Amount |
|---|---|
Tioga County Senior Citizens Foundation Owego, NY PURPOSE: FICTION LARGEPRINT BOOKS AND BOOKS ON CD | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carnegie Library Of Pittsburgh Pittsburgh, PA | $129,763,715 | $43,541,952 |
Pierpont Morgan Library New York, NY | $416,332,166 | $59,153,120 |
Rochester Public Library Rochester, NY | $13,709,813 | $21,920,405 |
Suffolk Cooperative Library System Bellport, NY | $18,374,423 | $17,112,722 |
Smithtown Library Nesconset, NY | $38,994,883 | $15,642,317 |
Allegheny County Library Assoc Pittsburgh, PA | $1,615,297 | $12,970,956 |
Buffalo & Erie County Public Library Buffalo, NY | $4,920,940 | $11,835,935 |
The Free Library Of Philadelphia Philadelphia, PA | $55,485,474 | $14,690,366 |
Massachusetts Library System Inc Marlborough, MA | $7,404,141 | $11,793,761 |
Ferguson Library Stamford, CT | $21,910,876 | $11,228,846 |
Proprietors Of The Boston Athenaeum Boston, MA | $130,203,809 | $11,281,803 |
Nassau Library System Uniondale, NY | $13,078,101 | $10,576,238 |