Wadsworth Library
- Assets
- $3.7m
- Revenue
- $1.1m
- Investments
- $1.3m
- Employees
- 10
- Location
- Geneseo, NY
- Founding
- 09/2009
- Data as of
- 06/2021
- EIN
- 26-3577281
Organization Overview
Wadsworth Library is located in Geneseo, NY. The organization was established in 2009. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 06/2021, Wadsworth Library employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wadsworth 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 06/2021, Wadsworth Library generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $430.5k during the year ending 06/2021. While expenses have increased by 2.1% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE PUBLIC LIBRARY SERVICES TO THE RESIDENTS OF THE COMMUNITIES OF THE GENESEO CENTRAL SCHOOL DISTRICT
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LIBRARY SERVES RESIDENTS OF THE GENESEO CENTRAL SCHOOL DISTRICT, NY, PROVIDING THEM WITH MATERIALS, PROGRAMS, INFORMATION AND SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Emerson Library Director | Officer | 40 | $57,445 |
Marcia Koch Treasurer | Officer | 4 | $3,105 |
Thomas Whitmore Vice-President | OfficerTrustee | 2 | $0 |
Julie Brocklehurst-Woods Secretary | OfficerTrustee | 2 | $0 |
Michael Dabramo President | OfficerTrustee | 2 | $0 |
Carolyn Meisel Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $762,158 |
| All other contributions, gifts, grants, and similar amounts not included above | $334,055 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,096,213 |
| Total Program Service Revenue | $1,633 |
| Investment income | $4 |
| 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 | $1,097,850 |
| 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. | $55,844 |
| Compensation of current officers, directors, key employees. | $55,844 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $158,549 |
| Pension plan accruals and contributions | $18,073 |
| Other employee benefits | $2,150 |
| Payroll taxes | $17,936 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,871 |
| Fees for services: Accounting | $2,195 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,117 |
| Advertising and promotion | $282 |
| Office expenses | $10,206 |
| Information technology | $9,166 |
| Royalties | $0 |
| Occupancy | $45,654 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $444 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,224 |
| Insurance | $8,888 |
| All other expenses | $0 |
| Total functional expenses | $430,491 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $416,573 |
| Savings and temporary cash investments | $14,670 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,569 |
| 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 | $602,458 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,340,517 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,322,602 |
| Total assets | $3,725,389 |
| Accounts payable and accrued expenses | $29,784 |
| 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 | $29,784 |
| 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 | $3,695,605 |
| Total liabilities and net assets/fund balances | $3,725,389 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wadsworth Library has recieved totaling $19,611.
| Awarding Organization | Amount |
|---|---|
Owwl Library System Canandaigua, NY PURPOSE: ENHANCE LIBRARY SERVICES FOR PUBLIC USE | $19,611 |
Endowment Analysis
| Beg. Balance | $1,228,290 |
| Earnings | $319,401 |
| Admin Expense | $10,949 |
| Net Contributions | $53,775 |
| Other Expense | $250,000 |
| Ending Balance | $1,340,517 |
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 |