Suffern Free Library
- Assets
- $7.5m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 59
- Location
- Suffern, NY
- Founding
- 04/1971
- Data as of
- 06/2022
- EIN
- 13-1763816
Organization Overview
Suffern Free Library is located in Suffern, NY. The organization was established in 1971. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 06/2022, Suffern Free Library employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Suffern Free 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 06/2022, Suffern Free Library generated $3.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $2.8m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF A PUBLIC LIBRARY
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A PUBLIC LIBRARY OPEN TO ALL RESIDENTS OF THE SUFFERN CENTRAL SCHOOL DISTRICT. THE LIBRARY IS FUNDED BY TAXES AND GRANTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darlene Alessi Director | OfficerTrustee | 40 | $74,769 |
Warren Berbit Vice President | OfficerTrustee | 0 | $0 |
Craig Long President | OfficerTrustee | 0 | $0 |
Mario Pensa Treasurer | OfficerTrustee | 0 | $0 |
Karen Romaner Secretary | OfficerTrustee | 0 | $0 |
Mark Murphy Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,117,226 |
| All other contributions, gifts, grants, and similar amounts not included above | $35,254 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,152,480 |
| Total Program Service Revenue | $30,224 |
| Investment income | -$111,339 |
| 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 | $3,071,365 |
| 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. | $74,769 |
| Compensation of current officers, directors, key employees. | $29,908 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,220,425 |
| Pension plan accruals and contributions | $52,473 |
| Other employee benefits | $185,060 |
| Payroll taxes | $92,643 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $21,673 |
| Information technology | $7,607 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,229 |
| Interest | $51,010 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $322,739 |
| Insurance | $30,340 |
| All other expenses | $78,957 |
| Total functional expenses | $2,813,470 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,780,674 |
| Savings and temporary cash investments | $0 |
| 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 | $37,245 |
| Net Land, buildings, and equipment | $2,982,021 |
| Investments—publicly traded securities | $1,557,486 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $76,304 |
| Other assets | $33,749 |
| Total assets | $7,467,479 |
| Accounts payable and accrued expenses | $25,505 |
| Grants payable | $0 |
| Deferred revenue | $90,042 |
| 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 | $1,825,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,940,547 |
| Net assets without donor restrictions | $5,510,140 |
| Net assets with donor restrictions | $16,792 |
| 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 | $7,467,479 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Suffern Free Library has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Kurz Family Foundation Ltd New York, NY PURPOSE: CHARITABLE CONTRIBUTION | $1,000 |
Endowment Analysis
| Beg. Balance | $14,524 |
| Earnings | $11 |
| Ending Balance | $14,535 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Bucks County Free Library Doylestown, PA | $22,091,549 | $9,285,989 |
Science History Institute Support Company Philadelphia, PA | $170,290,036 | $11,212,295 |
Publishers International Linking Association Inc Lynnfield, MA | $16,437,833 | $11,352,834 |