Pulteney Free Library
- Assets
- $1.4m
- Revenue
- $80.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Pulteney, NY
- Founding
- 02/1959
- Data as of
- 12/2023
- EIN
- 16-0834489
Organization Overview
Pulteney Free Library is located in Pulteney, NY. The organization was established in 1959. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 12/2023, Pulteney Free Library employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pulteney 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 12/2023, Pulteney Free Library generated $80.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (22.6%) each year. All expenses for the organization totaled $140.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (26.6%) per year over the past 5 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
PROVIDE PUBLIC LIBRARY SERVICE TO AREA RESIDENTS. SERVICES INCLUDE PROVIDING BOOK, MAGAZINE, PERIODICAL AND INTERNET ACCESS AND PUBLIC USE COMPUTERS AS WELL AS PROVIDE EDUCATIONAL PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PULTENEY FREE LIBRARY PROVIDES AN INVITING ATMOSPHERE THAT ENCOURAGES EDUCATION, CULTURAL AND RECREATIONAL PURSUITS OF THE COMMUNITY. OUR PRIMARY GOAL IS TO PROVIDE LIBRARY RELATED SERVICE WHICH INCLUDES PROVIDING FACILITIES AND RESOURCES TO THE LOCAL COMMUNITY. THE RESOURCES INCLUDE BOOKS, PERIODICALS, KITS, CD'S, DVD'S, E-BOOKS, COMPUTER, AND FREE INTERNET ACCESS FOR THE PUBLIC BENEFIT. IN ADDITION, THE LIBRARY IS ABLE TO PROVIDE MEETING SPACE IN SUPPORT OF COMMUNITY ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Radigan Librarian | Officer | 26 | $31,611 |
Carol Mcgill President | OfficerTrustee | 1 | $0 |
Ellen Derby Secretary | OfficerTrustee | 1 | $0 |
Elizabeth White Treasurer | OfficerTrustee | 1 | $0 |
Ellen French Trustee | Trustee | 0.5 | $0 |
Deb Decker Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $156 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $47,744 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,729 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $73,629 |
| Total Program Service Revenue | $0 |
| Investment income | $6,212 |
| 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 | $80,346 |
| 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. | $31,611 |
| Compensation of current officers, directors, key employees. | $7,903 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,499 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $749 |
| Payroll taxes | $2,839 |
| 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 | $22,604 |
| Advertising and promotion | $0 |
| Office expenses | $3,710 |
| Information technology | $5,186 |
| Royalties | $0 |
| Occupancy | $12,169 |
| Travel | $197 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $55 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,580 |
| Insurance | $0 |
| All other expenses | $159 |
| Total functional expenses | $140,120 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,969 |
| Savings and temporary cash investments | $310,801 |
| 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 | $1,038,419 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,394,189 |
| 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 | $1,394,189 |
| 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 | $1,394,189 |