Adams Free Library
- Assets
- $227.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Adams, NY
- Founding
- 01/1990
- Data as of
- 12/2023
- EIN
- 16-0950407
Organization Overview
Adams Free Library is located in Adams, NY. The organization was established in 1990. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adams 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 12/2023, Adams Free Library generated $57.1k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $48.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erin Nestico President | 0 | $0 | |
Priscilla King Vice President | 0 | $0 | |
Elizabeth Ryder Treasurer | 0 | $0 | |
Paula Sullivan Trustee | 0 | $0 | |
Elizabeth Overton Trustee | 0 | $0 | |
Deborah Wilson Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,333 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1,533 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $3,258 |
| Total Revenue | $57,124 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $25,860 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $9,507 |
| Printing, publications, postage, and shipping | $265 |
| Other expenses | $13,157 |
| Total expenses | $48,789 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $227,792 |
| Other assets | $0 |
| Total assets | $227,792 |
| Total liabilities | $0 |
| Net assets or fund balances | $227,792 |