Ulysses Philomathic Library
- Assets
- $3.2m
- Revenue
- $391.2k
- Investments
- $0.0
- Employees
- 11
- Location
- Trumansburg, NY
- Founding
- 09/1985
- Data as of
- 12/2020
- EIN
- 22-3260334
Organization Overview
Ulysses Philomathic Library is located in Trumansburg, NY. The organization was established in 1985. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 12/2020, Ulysses Philomathic Library employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ulysses Philomathic 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 12/2020, Ulysses Philomathic Library generated $391.2k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $339.5k during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LIBRARY SERVICES FOR THE AREA THAT ENCOMPASSES THE TRUMANSBURG CENTRAL SCHOOL DISTRICT AND THE SURROUNDING AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE THE PUBLIC WITH ACCESS TO BOOKS, TO AN INTER- LIBRARY LOAN SYSTEM, CHILDREN PROGRAMS AND TO LOAN BOOKS AT NO COST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ksana Broadwell Executive Director | Officer | 35 | $53,695 |
Stevan Knapp President | OfficerTrustee | 4 | $0 |
Dolores Higareda Secretary | OfficerTrustee | 4 | $0 |
Rene Carver Vice President | OfficerTrustee | 4 | $0 |
Cynthia Mannino Treasurer | OfficerTrustee | 4 | $0 |
David Breeden Trustee | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $800 |
| Membership dues | $52,169 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $172,070 |
| All other contributions, gifts, grants, and similar amounts not included above | $34,092 |
| Noncash contributions included in lines 1a–1f | $967 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $259,131 |
| Total Program Service Revenue | $690 |
| Investment income | $49,573 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $78,176 |
| Net Income from Fundraising Events | $2,735 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $391,188 |
| 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. | $55,224 |
| Compensation of current officers, directors, key employees. | $5,522 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $140,250 |
| Pension plan accruals and contributions | $1,022 |
| Other employee benefits | $2,487 |
| Payroll taxes | $14,905 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,348 |
| Advertising and promotion | $0 |
| Office expenses | $4,033 |
| Information technology | $12,153 |
| Royalties | $0 |
| Occupancy | $20,914 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,362 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,834 |
| Insurance | $5,297 |
| All other expenses | $1,451 |
| Total functional expenses | $339,475 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,771 |
| Savings and temporary cash investments | $111,918 |
| 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 | $904,724 |
| Investments—publicly traded securities | $2,185,171 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,224,584 |
| 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 | $105,913 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $105,913 |
| Net assets without donor restrictions | $3,045,125 |
| Net assets with donor restrictions | $73,546 |
| 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 | $3,224,584 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Ulysses Philomathic Library has recieved totaling $21,229.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Tompkins County Inc Ithaca, NY PURPOSE: GENERAL SUPPORT | $11,806 |
Finger Lakes Library Systems Ithaca, NY PURPOSE: LLSA, CARES ACT, SPEC LEGIS GTS | $6,905 |
Adrian M And Doris K Pearsall Family Foundation Inc Newport, RI PURPOSE: CHARITABLE | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $18 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carnegie Library Of Pittsburgh Pittsburgh, PA | $129,763,715 | $43,541,952 |
Pierpont Morgan Library New York, NY | $416,332,166 | $59,153,120 |
Rochester Public Library Rochester, NY | $13,709,813 | $21,920,405 |
Suffolk Cooperative Library System Bellport, NY | $18,374,423 | $17,112,722 |
Smithtown Library Nesconset, NY | $38,994,883 | $15,642,317 |
Allegheny County Library Assoc Pittsburgh, PA | $1,615,297 | $12,970,956 |
Buffalo & Erie County Public Library Buffalo, NY | $4,920,940 | $11,835,935 |
The Free Library Of Philadelphia Philadelphia, PA | $55,485,474 | $14,690,366 |
Massachusetts Library System Inc Marlborough, MA | $7,404,141 | $11,793,761 |
Ferguson Library Stamford, CT | $21,910,876 | $11,228,846 |
Proprietors Of The Boston Athenaeum Boston, MA | $130,203,809 | $11,281,803 |
Nassau Library System Uniondale, NY | $13,078,101 | $10,576,238 |