Penn Yan Public Library
- Assets
- $1.5m
- Revenue
- $747.8k
- Investments
- $0.0
- Employees
- 15
- Location
- Penn Yan, NY
- Founding
- 12/1977
- Data as of
- 06/2024
- EIN
- 16-6000692
Organization Overview
Penn Yan Public Library is located in Penn Yan, NY. The organization was established in 1977. As of 06/2024, Penn Yan Public Library employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Penn Yan 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 06/2024, Penn Yan Public Library generated $747.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $783.6k during the year ending 06/2024. While expenses have increased by 1.5% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO AWAKEN AND SATISFY CURIOSITY IN THE INDIVIDUAL, THUS ENRICHING THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LIBRARY PROVIDES CIRCULATION OF MATERIALS, BOOKS, MAGAZINES, VIDEOS, AND AUDIOBOOKS. IT HAS 10 PUBLIC INTERNET COMPUTERS AND APPROXIMATELY 73,000 HOLDINGS OF BOOKS, ELECTRONIC MATERIALS, AUDIO/VIDEO, AND MAGAZINES/NEWSPAPERS, WHICH WERE LENT OUT APPROXIMATELY 83,000 TIMES. THE LIBRARY HELD ABOUT 500 PROGRAMS THROUGHOUT THE YEAR, WHICH WERE ATTENDED BY ABOUT 8,000 ATTENDEES. THE LIBRARY WAS VISITED ABOUT 62,000 TIMES AND THE LIBRARY WEBSITE WAS VISITED ABOUT 18,000 TIMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Valerie Brechko President | OfficerTrustee | 2 | $0 |
Sharon Pinckney Treasurer | OfficerTrustee | 2 | $0 |
Andrew Robak Secretary | OfficerTrustee | 2 | $0 |
Elizabeth Burris-Chase Trustee | Trustee | 2 | $0 |
Connie Glover Trustee | Trustee | 2 | $0 |
Kristen Flynn-Comstock Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,966 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,966 |
| Total Program Service Revenue | $734,055 |
| Investment income | $5,825 |
| 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 | $747,846 |
| 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. | $77,240 |
| Compensation of current officers, directors, key employees. | $1,330 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $376,829 |
| Pension plan accruals and contributions | $38,886 |
| Other employee benefits | $40,100 |
| Payroll taxes | $38,102 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,405 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,697 |
| Office expenses | $11,728 |
| Information technology | $39,162 |
| Royalties | $0 |
| Occupancy | $25,527 |
| Travel | $1,102 |
| 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 | $71,160 |
| Insurance | $9,666 |
| All other expenses | $754 |
| Total functional expenses | $783,599 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $441,847 |
| Savings and temporary cash investments | $143,667 |
| 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 | $6,517 |
| Net Land, buildings, and equipment | $845,008 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $29,397 |
| Total assets | $1,466,436 |
| Accounts payable and accrued expenses | $96,075 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $29,397 |
| 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 | $177,761 |
| Total liabilities | $303,233 |
| Net assets without donor restrictions | $1,160,268 |
| Net assets with donor restrictions | $2,935 |
| 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 | $1,466,436 |