Lafayette Public Library
- Assets
- $763.5k
- Revenue
- $186.9k
- Investments
- $0.0
- Employees
- 8
- Location
- LaFayette, NY
- Founding
- 04/1996
- Data as of
- 12/2021
- EIN
- 16-1314055
Organization Overview
Lafayette Public Library is located in LaFayette, NY. The organization was established in 1996. 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, Lafayette Public Library employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lafayette Public 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, Lafayette Public Library generated $186.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $189.6k during the year ending 12/2021. 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
PROVIDES PUBLIC LIBRARY SERVICES AND PROMOTION OF LITERACY TO THE LAFAYETTE, NY COMMUNITY. OPERATES AS A BRANCH LIBRARY FOR THE ONONDAGA COUNTY LIBRARY SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC LIBRARY FACILITIES ARE PROVIDED TO APPOXIMATELY 4900 RESIDENTS IN THE LAFAYETTE, N.Y. AREA. THE LIBRARY IS OPEN 46 HOURS PER WEEK. PROGRAMS INCLUDE MOTHER GOOSE STORY TIME, PRE-SCHOOLER STORY TIME, SUMMER READING PROGRAM, LITERACY TRAINING, AND INTERNET TRAINING AND ACCESS. TOTAL CIRCULATION FOR 2021 OF CATALOGED BOOKS WAS 14,783 AND OTHER MATERIALS WAS 31,386, FOR A TOTAL OF 46,169. TOTAL ELECTRONIC MATERIALS AMOUNTED TO 80,082. TOTAL HOLDINGS WERE 102,184. THE LIBRARY HAD 11,460 VISITORS AND LOANED 22,448 ITEMS IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daphne Reyburn Vice President | OfficerTrustee | 2 | $0 |
David Prince President | OfficerTrustee | 2 | $0 |
Michele Combs Secretary | OfficerTrustee | 2 | $0 |
Michael Force Treasurer | OfficerTrustee | 2 | $0 |
R Scott Kushner Director | Officer | 42 | $0 |
Donna Knapp Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $174,425 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,647 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $183,072 |
| Total Program Service Revenue | $3,724 |
| Investment income | $121 |
| 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 | $186,917 |
| 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. | $37,260 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $69,615 |
| Pension plan accruals and contributions | $7,400 |
| Other employee benefits | $11,884 |
| Payroll taxes | $8,590 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $85 |
| Office expenses | $4,261 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,427 |
| 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 | $10,825 |
| Insurance | $650 |
| All other expenses | $1,900 |
| Total functional expenses | $189,556 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $151 |
| Savings and temporary cash investments | $90,808 |
| 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 | $53,505 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $619,056 |
| Total assets | $763,520 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $715,010 |
| Net assets with donor restrictions | $48,510 |
| 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 | $763,520 |
Endowment Analysis
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 |