Friends Of The Library Of Olean New York Incorporated
- Assets
- $318.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Olean, NY
- Founding
- 01/1982
- Data as of
- 04/2024
- EIN
- 22-2379019
Organization Overview
Friends Of The Library Of Olean New York Incorporated is located in Olean, NY. The organization was established in 1982. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Friends Of The Library Of Olean New York Incorporated 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 04/2024, Friends Of The Library Of Olean New York Incorporated generated $33.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $26.3k during the year ending 04/2024. While expenses have increased by 1.2% per year over the past 9 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
2024
Describe the Organization's Program Activity:
Part 3
RAISE MONEY FOR LIBRARY ENDOWMENT FUND. LIBRARY RECEIVES 7% OF THE FMV OF THE ENDOWMENT ANNUALLY. PROVIDED BOOKS FOR NEWBORNS AND AWARDS FOR LITERARY CONTESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Lindamer President | 5 | $0 | |
Carole Mcnall Vice Pres/secretary | 2 | $0 | |
Lizbeth Matz Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,815 |
| Total Program Service Revenue | $0 |
| Membership dues | $9,830 |
| Investment income | $7,357 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $11,599 |
| Other Revenue | $0 |
| Total Revenue | $33,601 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $375 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $944 |
| Other expenses | $321 |
| Total expenses | $26,312 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $318,136 |
| Other assets | $0 |
| Total assets | $318,136 |
| Total liabilities | $0 |
| Net assets or fund balances | $318,136 |