Lagrange Association Library
- Assets
- $1.4m
- Revenue
- $924.0k
- Investments
- $0.0
- Employees
- 24
- Location
- Lagrangeville, NY
- Founding
- 07/1983
- Data as of
- 12/2022
- EIN
- 22-2449427
Organization Overview
Lagrange Association Library is located in Lagrangeville, NY. The organization was established in 1983. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 12/2022, Lagrange Association Library employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lagrange Association 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 12/2022, Lagrange Association Library generated $924.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $921.2k during the year ending 12/2022. While expenses have increased by 4.1% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A FULL SERVICE LIBRARY FOR THE TOWN OF LAGRANGE, NY AND SURROUNDING COMMUNITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A PUBLIC LIBRARY IN THE TOWN OF LAGRANGE, NY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marianne Mimi Heslin President | Trustee | 5 | $0 |
Anne Lescher Vice President | Trustee | 2 | $0 |
Daniel Jacobs Treasurer | Trustee | 5 | $0 |
Suzanne Davis Secretary | Trustee | 5 | $0 |
Ann Commisso Trustee | Trustee | 1 | $0 |
Lucy Johnson Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $800,124 |
| All other contributions, gifts, grants, and similar amounts not included above | $80,882 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $881,006 |
| Total Program Service Revenue | $36,868 |
| Investment income | $6,190 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$55 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $924,009 |
| 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. | $81,138 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $280,272 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,748 |
| Payroll taxes | $28,097 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,500 |
| Fees for services: Accounting | $4,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $42,518 |
| Advertising and promotion | $617 |
| Office expenses | $21,804 |
| Information technology | $8,408 |
| Royalties | $0 |
| Occupancy | $236,035 |
| Travel | $682 |
| 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 | $76,154 |
| Insurance | $11,040 |
| All other expenses | $3,129 |
| Total functional expenses | $921,239 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,066 |
| Savings and temporary cash investments | $156,539 |
| 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 | $793,223 |
| Investments—publicly traded securities | $349,986 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,064 |
| Total assets | $1,377,878 |
| 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 | $35 |
| Total liabilities | $35 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,027,857 |
| Paid-in or capital surplus, or land, building, or equipment fund | $349,986 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,377,878 |