Penn Yan Public Library
- Assets
- $1.6m
- Revenue
- $751.5k
- Investments
- $0.0
- Employees
- 18
- Location
- Penn Yan, NY
- Founding
- 12/1977
- Data as of
- 06/2022
- EIN
- 16-6000692
Organization Overview
Penn Yan Public Library is located in Penn Yan, NY. The organization was established in 1977. As of 06/2022, Penn Yan Public Library employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Penn Yan Public 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 06/2022, Penn Yan Public Library generated $751.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $702.7k during the year ending 06/2022. 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 AWAKEN AND SATISFY CURIOSITY IN THE INDIVIDUAL, THUS ENRICHING THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LIBRARY PROVIDES CIRCULATION OF MATERIALS, BOOKS, MAGAZINES, VIDEOS, AND AUDIOBOOKS. IT HAS 10 PUBLIC INTERNET COMPUTERS AND APPROXIMATELY 65,000 HOLDINGS OF BOOKS, ELECTRONIC MATERIALS, AUDIO/VIDEO, AND MAGAZINES/NEWSPAPERS, WHICH WERE LENT OUT APPROXIMATELY 76,000 TIMES. THE LIBRARY HOLDS ABOUT 800 PROGRAMS THROUGHOUT THE YEAR, WHICH WERE ATTENDED BY ABOUT 22,000 ATTENDEES. THE LIBRARY WAS VISITED ABOUT 31,000 TIMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela Gonzalez Executive Director | Officer | 37.5 | $71,998 |
Peter A Gamba President | OfficerTrustee | 3 | $0 |
Connie L Glover Secretary | OfficerTrustee | 3 | $0 |
Valerie Brechko Treasurer | OfficerTrustee | 3 | $0 |
Deborah Connelly Trustee | Trustee | 3 | $0 |
Martha A Roberts Trustee | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,900 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,835 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,735 |
| Total Program Service Revenue | $716,761 |
| Investment income | $25 |
| 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 | $751,521 |
| 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. | $71,998 |
| Compensation of current officers, directors, key employees. | $1,278 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $317,079 |
| Pension plan accruals and contributions | $51,226 |
| Other employee benefits | $34,568 |
| Payroll taxes | $33,369 |
| 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 | $5,667 |
| Advertising and promotion | $355 |
| Office expenses | $7,797 |
| Information technology | $38,888 |
| Royalties | $0 |
| Occupancy | $15,211 |
| Travel | $1,442 |
| 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 | $70,915 |
| Insurance | $8,408 |
| All other expenses | $16 |
| Total functional expenses | $702,717 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $399,376 |
| Savings and temporary cash investments | $145,617 |
| 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 | $4,051 |
| Net Land, buildings, and equipment | $953,101 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $115,914 |
| Total assets | $1,618,059 |
| Accounts payable and accrued expenses | $80,806 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $21,171 |
| 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 | $101,977 |
| Net assets without donor restrictions | $1,512,147 |
| Net assets with donor restrictions | $3,935 |
| 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 | $1,618,059 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Penn Yan Public Library has recieved totaling $6,100.
| Awarding Organization | Amount |
|---|---|
Rochester Area Community Foundation Rochester, NY PURPOSE: EQUIPMENT/TECH UPGRADES | $6,100 |
Endowment Analysis
| Beg. Balance | $16,610 |
| Ending Balance | $16,610 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hartford Public Library Hartford, CT | $35,044,167 | $19,581,056 |
Great Neck Library Great Neck, NY | $34,961,861 | $11,637,861 |
Westport Library Assoc Westport, CT | $27,522,269 | $7,094,016 |
Oceanside Library Oceanside, NY | $46,476,817 | $6,978,242 |
Darien Library Inc Darien, CT | $29,008,924 | $5,931,772 |
Connetquot Public Library Bohemia, NY | $10,940,573 | $6,656,257 |
Crandall Library Glens Falls, NY | $18,989,283 | $4,650,669 |
Bryant Library Roslyn, NY | $10,311,911 | $5,190,176 |
Port Jefferson Free Library Port Jefferson, NY | $14,577,531 | $4,685,963 |
Riverhead Free Library Riverhead, NY | $9,623,554 | $4,087,006 |
Wilton Library Association Incorporated Wilton, CT | $11,356,788 | $3,701,367 |
Bergen County Cooperative Library System Inc Fair Lawn, NJ | $2,010,518 | $3,727,342 |