Lee-Whedon Memorial Library
- Assets
- $643.3k
- Revenue
- $652.2k
- Investments
- $0.0
- Employees
- 11
- Location
- Medina, NY
- Founding
- 09/1966
- Data as of
- 06/2024
- EIN
- 16-6069657
Organization Overview
Lee-Whedon Memorial Library is located in Medina, NY. The organization was established in 1966. As of 06/2024, Lee-Whedon Memorial Library employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lee-Whedon 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 06/2024, Lee-Whedon Memorial Library generated $652.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $694.2k during the year ending 06/2024. While expenses have increased by 2.6% per year over the past 5 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
THE LEE-WHEDON MEMORIAL LIBRARY IS OPEN TO THE PUBLIC 2800 HOURS PER YEAR FOR THE PURPOSE OF LOANING LIBRARY MATERIALS, PROVIDING REFERENCE SERVICES, AND OFFERING VALUABLE PROGRAMS FOR CHILDREN AND ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ONE OF THE MAIN OBJECTIVES OF OUR LIBRARY ORGANIZATION IS TO ASSIST PATRONS WITH THEIR DESIRE TO GAIN KNOWLEDGE AND ENHANCE LEARNING THROUGH THE USE OF BOOKS, MAGAZINES, AUDIO VISUAL AND REFERENCE MATERIALS, COMPUTER CLASSES, AND A WIDE VARIETY OF PROGRAMMING. WE THEREFORE NEED TO MAINTAIN OUR COLLECTION, KEEP OUR COMPUTERS RUNNING EFFICIENTLY, AND PROVIDE EDUCATIONAL PROGRAMMING TO PATRONS OF ALL AGES.
IT IS IMPORTANT TO HAVE A WELL TRAINED STAFF TO MANAGE DAILY ACTIVITIES, OFFER REFERENCE SERVICES, ASSIST PATRONS WITH COMPUTER APPLICATIONS, AND PROVIDE VALUABLE PROGRAMS FOR CHILDREN, TEENS, AND ADULTS. TO BETTER SERVE OUR COMMUNITY, IT IS NECESSARY THAT OUR STAFF MAINTAIN MEMBERSHIPS WITH LIBRARY ORGANIZATIONS. PROPER TRAINING AT VARIOUS FACILITIES THROUGHOUT THE STATE IS BENEFICIAL FOR OUR GROWTH AND THAT OF OUR PATRONS.
IT IS NECESSARY TO KEEP A WELL-MAINTAINED BUILDING, TAKING CARE OF REPAIRS WHEN NECESSARY, AND HIRING CONTRACTORS AS NEEDED FOR SNOW REMOVAL, LAWNCARE, AND VARIOUS CUSTODIAL CONTRACTS. KEEPING THE OFFICE STOCKED WITH PROPER OFFICE SUPPLIES FOR THE FUNCTIONALITY OF OUR BUSINESS IS ALSO A NECESSITY. THE LIBRARY WAS ABLE TO PURCHASE A BUILDING ADJACENT TO US FOR FUTURE GROWTH AND EXPANSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Schwert Trustee | Trustee | 0.5 | $0 |
Stephen O'dea Trustee | Trustee | 0.5 | $0 |
Cynthia Kiebala President | Trustee | 1 | $0 |
Isabella Mark Vice-President | Trustee | 0.5 | $0 |
Kathleen Boice Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $87 |
| Related organizations | $2,760 |
| Government grants | $9,348 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,139 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,334 |
| Total Program Service Revenue | $13,858 |
| Investment income | $4,643 |
| 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 | $652,233 |
| 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. | $108,737 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $209,404 |
| Pension plan accruals and contributions | $29,924 |
| Other employee benefits | $68,148 |
| Payroll taxes | $23,705 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,894 |
| Office expenses | $13,363 |
| Information technology | $23,805 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,428 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,145 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,091 |
| All other expenses | $1,978 |
| Total functional expenses | $694,190 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $643,325 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $643,325 |
| 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 | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $643,325 |
| Total liabilities and net assets/fund balances | $643,325 |