Cherry Valley Memorial Library
- Assets
- $454.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cherry Valley, NY
- Founding
- 06/1992
- Data as of
- 12/2021
- EIN
- 16-1328979
Organization Overview
Cherry Valley Memorial Library is located in Cherry Valley, NY. The organization was established in 1992. 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. Cherry Valley 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 12/2021, Cherry Valley Memorial Library generated $52.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $51.3k during the year ending 12/2021. While expenses have increased by 1.4% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE CHERRY VALLEY MEMORIAL LIBRARY PROVIDES MATERIALS AND SERVICESTO SERVE AS A LEARNING AND EDUCATIONAL CENTER FOR ALLRESIDENTS OF THE COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Carson Secretary | 0.25 | $0 | |
Diane Mcgrath Vice President | 0.25 | $0 | |
Keith Willcox Trustee | 0.25 | $0 | |
Kathleen Taylor President | 1 | $0 | |
John Ferguson Trustee | 0.25 | $0 | |
Laura Horvath Treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,886 |
| Total Program Service Revenue | $14,581 |
| Membership dues | $0 |
| Investment income | $15,210 |
| Gain or Loss | $11,017 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $52,694 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $28,290 |
| Professional fees and other payments to independent contractors | $1,577 |
| Occupancy, rent, utilities, and maintenance | $5,228 |
| Printing, publications, postage, and shipping | $2,156 |
| Other expenses | $14,082 |
| Total expenses | $51,333 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $368,921 |
| Other assets | $0 |
| Total assets | $454,805 |
| Total liabilities | $0 |
| Net assets or fund balances | $454,805 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cherry Valley Memorial Library has recieved totaling $203.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $203 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Dauphin County Library System Harrisburg, PA | $25,002,394 | $9,527,130 |
Springfield Museums Corporation Springfield, MA | $83,263,430 | $9,886,411 |
York County Library System York, PA | $12,667,989 | $7,212,125 |
Westchester Library System Elmsford, NY | $6,787,041 | $7,508,558 |
Pennsylvania Academic Library Consortium Inc Drexel Hill, PA | $3,964,819 | $6,669,541 |
American Antiquarian Society Worcester, MA | $122,268,688 | $9,559,298 |
John Fitzgerald Kennedy Library Foundation Incorporated Boston, MA | $64,242,661 | $9,493,249 |