New York Law Institute
- Assets
- $10.5m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 6
- Location
- New York, NY
- Founding
- 01/1943
- Data as of
- 04/2022
- EIN
- 13-5600417
Organization Overview
New York Law Institute is located in New York, NY. The organization was established in 1943. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 04/2022, New York Law Institute employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New York Law Institute 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 04/2022, New York Law Institute generated $2.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $2.1m during the year ending 04/2022. While expenses have increased by 3.9% per year over the past 7 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
THE LIBRARY EXISTS FOR LITERARY PURPOSES, THE CULTIVATION OF LEGAL SCIENCE, PROMOTING THE ADVANCEMENT OF JURISPRUDENCE AND PROVIDING A SEMINARY OF LEARNING IN LAW.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES LIBRARY SERVICES WHICH INCLUDES RESEARCH, CIRCULATION OF MATERIALS, DOCUMENT DELIVERY AND ACCESS TO ELECTRONIC RESOURCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lucy Curci-Gonzalez Executive Director | Officer | 40 | $163,531 |
Stewart E Wurtzel Chair | OfficerTrustee | 1 | $0 |
Anthony P Amabile Secretary | OfficerTrustee | 1 | $0 |
Elizabeth S Stong Treasurer | OfficerTrustee | 1 | $0 |
Scott Bailey Board Member | Trustee | 1 | $0 |
Stacy J Kanter Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $233,234 |
| All other contributions, gifts, grants, and similar amounts not included above | $200 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $233,434 |
| Total Program Service Revenue | $1,714,464 |
| Investment income | $125,011 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $36,300 |
| Net Gain/Loss on Asset Sales | $69,929 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,179,138 |
| 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. | $179,054 |
| Compensation of current officers, directors, key employees. | $89,527 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $441,747 |
| Pension plan accruals and contributions | $24,768 |
| Other employee benefits | $59,107 |
| Payroll taxes | $43,273 |
| Fees for services: Management | $29,390 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,855 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $35,065 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $22,527 |
| Information technology | $30,567 |
| Royalties | $0 |
| Occupancy | $508,483 |
| Travel | $3,374 |
| 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 | $287,484 |
| Insurance | $26,551 |
| All other expenses | $0 |
| Total functional expenses | $2,054,889 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $711,113 |
| Savings and temporary cash investments | $39,838 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,754 |
| 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 | $13,487 |
| Net Land, buildings, and equipment | $5,481,200 |
| Investments—publicly traded securities | $4,247,962 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,499,354 |
| Accounts payable and accrued expenses | $73,202 |
| Grants payable | $0 |
| Deferred revenue | $922,208 |
| 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 | $3,000 |
| Total liabilities | $998,410 |
| Net assets without donor restrictions | $9,379,672 |
| Net assets with donor restrictions | $121,272 |
| 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 | $10,499,354 |
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 |