Coburn Free Library
- Assets
- $2.6m
- Revenue
- $163.8k
- Investments
- $0.0
- Employees
- 6
- Location
- Owego, NY
- Founding
- 03/1953
- Data as of
- 12/2022
- 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 12/2022, Coburn Free Library employed 6 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 12/2022, Coburn Free Library generated $163.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $220.2k during the year ending 12/2022. 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
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Williams President | OfficerTrustee | 0 | $0 |
Dan Whippo Trustee | Trustee | 0 | $0 |
David Woodburn Trustee - Treasurer | OfficerTrustee | 0 | $0 |
Meredith Gallaro Exec. Dir. | OfficerTrustee | 35 | $60,458 |
Jason Luke Trustee | OfficerTrustee | 0 | $0 |
Ellen Keough Trustee | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $15,965 |
| Related organizations | $0 |
| Government grants | $134,046 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,710 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $163,721 |
| Total Program Service Revenue | $0 |
| Investment income | $33 |
| 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 | $163,754 |
| 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. | $60,458 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $41,115 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,059 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,955 |
| 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 | $7,796 |
| Information technology | $10,160 |
| Royalties | $0 |
| Occupancy | $37,726 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,307 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,095 |
| Insurance | $5,496 |
| All other expenses | $0 |
| Total functional expenses | $220,167 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $174,413 |
| Savings and temporary cash investments | $731,815 |
| 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 | $1,732,205 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,500 |
| Total assets | $2,639,933 |
| Accounts payable and accrued expenses | $41,442 |
| 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 | $41,442 |
| 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 | $2,598,491 |
| Total liabilities and net assets/fund balances | $2,639,933 |