Cny Connect Ny Inc
- Assets
- $333.1k
- Revenue
- $504.5k
- Investments
- $0.0
- Employees
- 4
- Location
- Potsdam, NY
- Founding
- 03/2010
- Data as of
- 06/2023
- EIN
- 27-1017360
Organization Overview
Cny Connect Ny Inc is located in Potsdam, NY. The organization was established in 2010. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 06/2023, Cny Connect NY Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cny Connect NY Inc 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 06/2023, Cny Connect NY Inc generated $504.5k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $485.2k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SHARE COLLECTIONS, LEVERAGE RESOURCES, AND ENHANCE SERVICES THROUGH COOPERATIVE INITIATIVES AND COORDINATED ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICES - (1) INTERLIBRARY LOAN - CONNECTNY PROVIDES A NETWORK OF LIBRARIES TO SHARE COLLECTIONS FOR STUDENTS AND FACULTY AT PARTICIPATING INSTITIUTIONS. CONNECTNY HANDLES LICENSING FOR THE SOFTWARE WITH INDEX DATA THAT MAKES THIS NETWORK FUNCTION AND (2) EBOOKS - CONNECTNY NEGOTIATED PRICING FOR 2 LARGE ELECTRONIC BOOK PACKAGES WITH JSTOR AND PROQUEST. THESE PACKAGES WOULD BE DIFFICULT IF NOT IMPOSSIBLE FOR SOME INDIVIDUAL LIBRARIES TO AFFORD ON THEIR OWN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew White Chair | OfficerTrustee | 1 | $0 |
Andrew Ashton Treasurer | OfficerTrustee | 1 | $0 |
Becky Albitz Secretary | OfficerTrustee | 1 | $0 |
Russell Abell Director | Trustee | 1 | $0 |
Steve Feyl Director | Trustee | 1 | $0 |
Lisa Chaudhuri Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $492,065 |
| Investment income | $744 |
| 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 | $504,515 |
| 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. | $111,474 |
| Compensation of current officers, directors, key employees. | $70,230 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,370 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,835 |
| Payroll taxes | $16,807 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,815 |
| Fees for services: Accounting | $2,430 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $288,463 |
| Advertising and promotion | $0 |
| Office expenses | $10,593 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,851 |
| 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 | $0 |
| Insurance | $8,008 |
| All other expenses | $574 |
| Total functional expenses | $485,220 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $333,055 |
| 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 | $333,055 |
| Accounts payable and accrued expenses | $6,433 |
| 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 | $6,433 |
| Net assets without donor restrictions | $326,622 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $333,055 |