Caledonia Library Association Inc
- Assets
- $1.0m
- Revenue
- $266.4k
- Investments
- $0.0
- Employees
- 3
- Location
- Caledonia, NY
- Founding
- 11/1955
- Data as of
- 12/2022
- EIN
- 16-0791657
Organization Overview
Caledonia Library Association Inc is located in Caledonia, NY. The organization was established in 1955. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 12/2022, Caledonia Library Association Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Caledonia Library Association 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 12/2022, Caledonia Library Association Inc generated $266.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $124.5k during the year ending 12/2022. While expenses have increased by 3.2% 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 JUVENILE THROUGH ADULT LEVEL EDUCATIONAL/RECREATIONAL MATERIALS IN THE FORM OF BOOKS, PERIODICALS, AUDIO AND VIDEO TAPES TO ALL MEMBERS OF OUR LOCALE. TO FUNCTION AS A COMMUNITY BASED LIBRARY
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE JUVENILE THROUGH ADULT LEVEL EDUCATIONAL/RECREATIONAL MATERIALS IN THE FORM OF BOOKS, PERIODICALS, AUDIO AND VIDEO TAPES TO ALL MEMBERS OF OUR LOCALE. TO FUNCTION AS A COMMUNITY BASED LIBRARY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dick Thomas Trustee | Trustee | 0.5 | $0 |
Veronica Callan Trustee | Trustee | 0.5 | $0 |
Katherine Maruska Trustee | Trustee | 0.5 | $0 |
Joan Robinson Recording Secretary | Officer | 1 | $0 |
Karen Yorks Treasurer | Officer | 1.5 | $0 |
Dallas Miller Secretary | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $68 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $225,794 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,846 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $253,708 |
| Total Program Service Revenue | $368 |
| Investment income | $2,419 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $126 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,118 |
| Net Income from Fundraising Events | $5,705 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $266,444 |
| 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. | $40,016 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,040 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,183 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $105 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,225 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,388 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,131 |
| Travel | $0 |
| 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 | $4,569 |
| All other expenses | $5,249 |
| Total functional expenses | $124,488 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $343,194 |
| 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 | $0 |
| Net Land, buildings, and equipment | $219,996 |
| Investments—publicly traded securities | $88,751 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $361,496 |
| Total assets | $1,013,437 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $691,310 |
| Net assets with donor restrictions | $322,127 |
| 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 | $1,013,437 |