Saranac Lake Free Library
- Assets
- $2.1m
- Revenue
- $584.8k
- Investments
- $0.0
- Employees
- 11
- Location
- Saranac Lake, NY
- Founding
- 06/1943
- Data as of
- 12/2022
- EIN
- 15-0539121
Organization Overview
Saranac Lake Free Library is located in Saranac Lake, NY. The organization was established in 1943. As of 12/2022, Saranac Lake Free Library employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saranac Lake 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 12/2022, Saranac Lake Free Library generated $584.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $495.0k during the year ending 12/2022. While expenses have increased by 2.9% per year over the past 8 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
TO PROVIDE EDUCATIOAL AND INFORMATION SERVICES TRADITIONAL TO A COMMUNITY LIBRARY TO RESIDENTS OF THE GREATER SARANAC LAKE REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL AND INFORMATION SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Austin Wendy Trustee | Trustee | $0 | |
Bates Angela Trustee | Trustee | $0 | |
Beccaria Michael President | OfficerTrustee | $0 | |
Davison Mackenzie Trustee | Trustee | $0 | |
Jakobe Jessica Trustee | Trustee | $0 | |
Joyce Cheryl Vice Preside | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $40,368 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $361,819 |
| All other contributions, gifts, grants, and similar amounts not included above | $123,851 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $526,038 |
| Total Program Service Revenue | $4,580 |
| Investment income | $28,299 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,203 |
| Net Income from Fundraising Events | $7,663 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $584,783 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $289,028 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,298 |
| Payroll taxes | $24,546 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,274 |
| Fees for services: Other | $0 |
| Advertising and promotion | $261 |
| Office expenses | $9,780 |
| Information technology | $7,478 |
| Royalties | $0 |
| Occupancy | $50,916 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,890 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,808 |
| Insurance | $15,542 |
| All other expenses | $2,032 |
| Total functional expenses | $495,028 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,175 |
| Savings and temporary cash investments | $362,222 |
| 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 | $496,265 |
| Investments—publicly traded securities | $1,209,720 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,129,382 |
| Accounts payable and accrued expenses | $601 |
| 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 | $601 |
| Net assets without donor restrictions | $2,128,781 |
| 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 | $2,129,382 |