Edith B Ford Memorial Library
- Assets
- $4.9m
- Revenue
- $263.9k
- Investments
- $0.0
- Employees
- 14
- Location
- Ovid, NY
- Founding
- 06/1998
- Data as of
- 12/2023
- EIN
- 15-0625873
Organization Overview
Edith B Ford Memorial Library is located in Ovid, NY. The organization was established in 1998. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 12/2023, Edith B Ford Memorial Library employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edith B Ford Memorial 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 12/2023, Edith B Ford Memorial Library generated $263.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (26.5%) each year. All expenses for the organization totaled $422.3k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE ACCESS TO INFORMATION AND PROGRAMS TO INSPIRE LIFELONG LEARNING FOR THE CULTURAL AND EDUCATIONAL ENRICHMENT OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIBRARY PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrea Tillinghast Executive Director | Officer | 40 | $61,975 |
Jean Currie Board President | OfficerTrustee | 2 | $0 |
Lisa Brown Board Secretary | OfficerTrustee | 2 | $0 |
Gary Alger Treasurer | OfficerTrustee | 2 | $0 |
Mike Joslyn Board Vice President | OfficerTrustee | 2 | $0 |
Bruce Craft Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $31,364 |
| Fundraising events | $10,776 |
| Related organizations | $0 |
| Government grants | $154,079 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,554 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $213,773 |
| Total Program Service Revenue | $910 |
| Investment income | $49,216 |
| 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 | $263,899 |
| 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. | $65,930 |
| Compensation of current officers, directors, key employees. | $65,930 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $125,665 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,561 |
| Payroll taxes | $14,753 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $113 |
| Fees for services: Accounting | $10,666 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,969 |
| Office expenses | $6,218 |
| Information technology | $9,884 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $95 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $105,853 |
| Insurance | $11,197 |
| All other expenses | $955 |
| Total functional expenses | $422,262 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,922 |
| Savings and temporary cash investments | $122,311 |
| 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 | $2,854,418 |
| Investments—publicly traded securities | $1,856,003 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,850,654 |
| Accounts payable and accrued expenses | $3,403 |
| 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 | $3,403 |
| Net assets without donor restrictions | $4,847,251 |
| 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 | $4,850,654 |