Victor Free Library
- Assets
- $1.8m
- Revenue
- $815.8k
- Investments
- $24.5k
- Employees
- 22
- Location
- Victor, NY
- Founding
- 10/1957
- Data as of
- 12/2021
- EIN
- 16-0864990
Organization Overview
Victor Free Library is located in Victor, NY. The organization was established in 1957. 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, Victor Free Library employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Victor 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, Victor Free Library generated $815.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $654.3k during the year ending 12/2021. While expenses have increased by 2.8% 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
TO PROMOTE AND NURTURE A SENSE OF COMMUNITY BY OFFERING THE SPACE AND RESOURCES FOR EDUCATIONAL, RECREATIONAL, AND CULTURAL ENRICHMENT FOR PATRONS OF ALL AGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE VICTOR FARMINGTON LIBRARY PROVIDES MATERIALS AND SERVICES TO HELP COMMUNITY RESIDENTS OBTAIN INFORMATION MEETING THEIR PERSONAL, EDUCATIONAL AND PROFESSIONAL NEEDS AS WELL AS PROVIDING CULTURAL AND LEISURE MATERIALS. SPECIAL EMPHASIS IS PLACED ON SUPPORTING STUDENTS AT ALL ACADEMIC LEVELS AND ON STIMULATING YOUNG CHILDREN'S INTERESTS IN READING AND LEARNING. THE LIBRARY EXISTS TO PROVIDE QUALITY SERVICE TO THE RESIDENTS OF THE VICTOR CENTRAL SCHOOL DISTRICT IN AN OPEN AND NON-JUDGMENTAL ENVIRONMENT WITH FREE ACCESS TO LIBRARY MATERIALS IN A VARIETY OF FORMATS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Niver Library Director | Officer | 40 | $67,925 |
Jim Myers President | OfficerTrustee | 2 | $0 |
Bonnie Wallace Secretary | OfficerTrustee | 1 | $0 |
Bea Parker Vice President | OfficerTrustee | 2 | $0 |
Patti Larche Treasurer | OfficerTrustee | 1 | $0 |
Jean Mccreary Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $752,107 |
| All other contributions, gifts, grants, and similar amounts not included above | $51,520 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $803,627 |
| Total Program Service Revenue | $11,552 |
| Investment income | $602 |
| 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 | $815,781 |
| 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. | $74,748 |
| Compensation of current officers, directors, key employees. | $59,798 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $314,541 |
| Pension plan accruals and contributions | $4,379 |
| Other employee benefits | $16,277 |
| Payroll taxes | $31,549 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,075 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,539 |
| Advertising and promotion | $0 |
| Office expenses | $9,476 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,888 |
| 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 | $30,562 |
| Insurance | $5,274 |
| All other expenses | $10,317 |
| Total functional expenses | $654,297 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,027,658 |
| Savings and temporary cash investments | $3,245 |
| Pledges and grants receivable | $2,359 |
| 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 | $401 |
| Net Land, buildings, and equipment | $742,315 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $24,533 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,800,511 |
| Accounts payable and accrued expenses | $45,966 |
| Grants payable | $0 |
| Deferred revenue | $851,124 |
| 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 | $36,065 |
| Total liabilities | $933,155 |
| Net assets without donor restrictions | $862,085 |
| Net assets with donor restrictions | $5,271 |
| 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 | $1,800,511 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Victor Free Library has recieved totaling $9,705.
| Awarding Organization | Amount |
|---|---|
Owwl Library System Canandaigua, NY PURPOSE: ENHANCE LIBRARY SERVICES FOR PUBLIC USE | $9,705 |
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 |