Wood Library Association
- Assets
- $8.8m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 31
- Location
- Canandaigua, NY
- Founding
- 09/1945
- Data as of
- 12/2021
- EIN
- 16-0755896
Organization Overview
Wood Library Association is located in Canandaigua, NY. The organization was established in 1945. 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, Wood Library Association employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wood Library Association 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, Wood Library Association generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $1.0m during the year ending 12/2021. While expenses have increased by 1.9% 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
WOOD LIBRARY IS A FULL SERVICE PUBLIC LIBRARY. ITS MISSION IS TO PROVIDE A SAFE AND INCLUSIVE ENVIRONMENT WHERE PEOPLE CAN SPARK THEIR IMAGINATIONS, SATISFY THEIR CURIOSITY, ENGAGE IN LIFELONG LEARNING, AND MAKE COMMUNITY CONNECTIONS. WOOD LIBRARY OFFERS TRADITIONAL LIBRARY COLLECTIONS INCLUDING BOOKS, MAGAZINES, DVDS, AUDIO-BOOKS IN MANY FORMATS (INCLUDING DOWNLOADABLE), VIDEOGAMES, MUSIC CDS, NEWSPAPERS, LARGE PRINT BOOKS, LOCAL HISTORY, AND TAX FORMS. IT PROVIDES HUNDREDS OF EDUCATIONAL, CULTURAL AND RECREATIONAL PROGRAMS AND ACTIVITIES FOR ALL AGES EACH YEAR. THE LIBRARY USES THE LATEST IN INFORMATION TECHNOLOGY AND IS STAFFED BY FOUR PROFESSIONAL LIBRARIANS, 5 FULL-TIME SUPPORT STAFF, AND 19 PART-TIME EMPLOYEES. IT ALSO OFFERS FAX AND COPY SERVICE, AND A NOTARY PUBLIC. WOOD LIBRARY IS A MEMBER OF THE OWWL LIBRARY SYSTEM. THIS MEMBERSHIP GIVES LIBRARY PATRONS FREE ACCESS TO THOUSANDS OF TITLES FROM 42 LIBRARIES IN ONTARIO, WAYNE, WYOMING AND LIVINGSTON COUNTIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WOOD LIBRARY IS A FREE ASSOCIATION LIBRARY CHARTED TO SERVE THE GREATER CANANDAIGUA AREA. AS A MEMBER OF THE 4-COUNTY 42 MEMBER LIBRARY OWWL LIBRARY SYSTEM, IT OFFERS FREE SERVICES TO RESIDENTS OF ONTARIO, WAYNE, WYOMING, AND LIVINGSTON COUNTIES. AFTER SEVERAL PANDEMIC YEARS THAT FORCED THE LIBRARY TO REIMAGINE PUBLIC SERVICES, THE LIBRARY RETURNED TO FULL OPERATING HOURS AND STAFFING IN 2021. IN 2021, 64,428 PEOPLE VISITED THE LIBRARY, UP 35% FROM 2020. 11,263 PEOPLE USED THEIR LIBRARY CARD TO CHECK OUT 158,234 ITEMS, AN INCREASE OF 37%. THE LIBRARY SAW AN INCREASE IN USAGE OF DOWNLOADABLE BOOKS WITH PATRONS DOWNLOADING 57,825 EBOOKS AND AUDIOBOOKS, UP 16%. PATRONS WERE ALSO ABLE TO REGISTER FOR A LIBRARY CARD ONLINE - 224 DIGITAL LIBRARY CARDS ISSUED, AN INCREASE OF 57%. STAFF SUPPORTED 436 REFERENCE REQUESTS AND 42 NOTARY APPOINTMENTS. WOOD LIBRARY PROVIDES PROGRAMS OF ALL AGES. 14,091 PEOPLE PARTICIPATED IN 521 LIVE PROGRAMS AND 117 RECORDED LIBRARY PROGRAMS WERE VIEWED BY 10,539 PERSONS. PROGRAMS INCLUDE BOOK DISCUSSIONS, FILM SERIES, CRAFT PROGRAMS, STORYTIMES, BOOK REVIEWS, AUTHOR TALKS, SUPPORT GROUPS, AND VARIOUS EDUCATIONAL LECTURES. ADULTS WHO ATTENDING DIGITAL LITERACY CLASSES LEARNED COMPUTER BASICS AND SOFTWARE PROGRAMS. PROBLEM DEVICES COULD ALSO BE BROUGHT IN AND DISCUSSED WITH A TECH TUTOR. PUBLIC INTERNET COMPUTERS WERE USED 7,606 TIMES IN 2021 AND PATRONS LOGGED 4,419 WIRELESS SESSIONS, UP 9%. PATRONS RELY ON THE LIBRARY'S INTERNET ACCESS TO CONDUCT RESEARCH, WRITE REPORTS AND RESUMES, PAY BILLS, APPLY FOR JOBS, MAKE RESERVATIONS, APPLY FOR UNEMPLOYMENT, BANK ONLINE, TAKE ONLINE COURSES AND CHECK EMAIL. THE LIBRARY'S MANY PUBLIC HOTSPOTS FOR LOAN ARE POPULAR AMONG LIBRARY PATRONS. THE AARP OFFERS DRIVER SAFETY COURSES THROUGHOUT THE YEAR AND TAX AIDE HELP DURING TAX SEASON. 298 PERSONS RECEIVED TAX AIDE ASSISTANCE THROUGH A PARTNERSHIP WITH AARP. WOOD LIBRARY CONTINUES TO LOAN MUSEUM PASSES FOR AREA ATTRACTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jenny Goodemote Executive Director | Officer | 40 | $77,926 |
Jill Werth President | OfficerTrustee | 2 | $0 |
Leslie Mast Vice President | OfficerTrustee | 2 | $0 |
Suzanne O'connor Treasurer | OfficerTrustee | 2 | $0 |
Kathy Shay Secretary | OfficerTrustee | 2 | $0 |
Jill Erhlinger Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $12,979 |
| Related organizations | $0 |
| Government grants | $739,292 |
| All other contributions, gifts, grants, and similar amounts not included above | $165,455 |
| Noncash contributions included in lines 1a–1f | $4,227 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $917,726 |
| Total Program Service Revenue | $16,135 |
| Investment income | $181,201 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $153,769 |
| Net Income from Fundraising Events | -$1,600 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,278,631 |
| 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. | $89,704 |
| Compensation of current officers, directors, key employees. | $62,241 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $506,070 |
| Pension plan accruals and contributions | $8,119 |
| Other employee benefits | $13,482 |
| Payroll taxes | $43,789 |
| 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 | $23,121 |
| Fees for services: Other | $24,671 |
| Advertising and promotion | $0 |
| Office expenses | $13,841 |
| Information technology | $51,887 |
| Royalties | $0 |
| Occupancy | $10,069 |
| 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 | $81,861 |
| Insurance | $13,761 |
| All other expenses | $0 |
| Total functional expenses | $1,046,622 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,076 |
| Savings and temporary cash investments | $1,232,259 |
| 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 | $2,553,603 |
| Investments—publicly traded securities | $4,840,867 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $146,057 |
| Total assets | $8,848,862 |
| Accounts payable and accrued expenses | $69,094 |
| Grants payable | $0 |
| Deferred revenue | $793,258 |
| 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 | $862,352 |
| Net assets without donor restrictions | $7,813,424 |
| Net assets with donor restrictions | $173,086 |
| 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 | $8,848,862 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Wood Library Association has recieved totaling $41,194.
| Awarding Organization | Amount |
|---|---|
Peter A & Marion W Schwartz Fam Foundation Tr Canandaigua, NY PURPOSE: GENERAL SUPPORT | $27,000 |
Owwl Library System Canandaigua, NY PURPOSE: ENHANCE LIBRARY SERVICES FOR PUBLIC USE | $14,194 |
Endowment Analysis
| Beg. Balance | $4,373,785 |
| Earnings | $575,669 |
| Admin Expense | $23,121 |
| Ending Balance | $4,926,333 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Bucks County Free Library Doylestown, PA | $22,091,549 | $9,285,989 |
Science History Institute Support Company Philadelphia, PA | $170,290,036 | $11,212,295 |
Publishers International Linking Association Inc Lynnfield, MA | $16,437,833 | $11,352,834 |