Margaret Reaney Memorial Library
- Assets
- $344.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 4
- Location
- Saint Johnsville, NY
- Founding
- 06/1997
- Data as of
- 05/2023
- EIN
- 16-1522597
Organization Overview
Margaret Reaney Memorial Library is located in Saint Johnsville, NY. The organization was established in 1997. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 05/2023, Margaret Reaney Memorial Library employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Margaret Reaney Memorial 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 05/2023, Margaret Reaney Memorial Library generated $113.3k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $123.8k during the year ending 05/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
NEW AIR CONDITIONING UNITS WERE INSTALLED IN THE MAIN READING ROOMS AND TO PROVIDE AND DEVELOP PROGRAMS THAT EMPHASIZE LITERATURE, MUSIC, HISTORY AND ARTS
Describe the Organization's Program Activity:
Part 3
NEW AIR CONDITIONTING UNITS INSTALLED IN MAIN READING ROOM AND THE
NEW MATERIALS WERE PURCHASED IN A VARIETY OF FORMATS INCLUDING
A REGULAR SCHEDULE OF ADULT BOOK DISCSSIONS, ARTS PROGRAMS,
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Rapacz Secretary | 4 | $0 | |
David Salvagni President | 4 | $0 | |
Nancy Stowell Vice President | 4 | $0 | |
Dawn Lamphere Director | 40 | $31,154 | |
Kathleen Reed Trustee | 2 | $0 | |
Rebecca Sokol Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,276 |
| Total Program Service Revenue | $71,434 |
| Membership dues | $1,413 |
| Investment income | $239 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $915 |
| Other Revenue | $0 |
| Total Revenue | $113,277 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $57,951 |
| Professional fees and other payments to independent contractors | $1,245 |
| Occupancy, rent, utilities, and maintenance | $59,083 |
| Printing, publications, postage, and shipping | $5,527 |
| Other expenses | $0 |
| Total expenses | $123,806 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $344,273 |
| Other assets | $0 |
| Total assets | $344,273 |
| Total liabilities | $0 |
| Net assets or fund balances | $344,273 |