Gloversville Public Library
- Assets
- $9.0m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 22
- Location
- Gloversville, NY
- Founding
- 11/2005
- Data as of
- 06/2024
- EIN
- 20-3042321
Organization Overview
Gloversville Public Library is located in Gloversville, NY. The organization was established in 2005. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 06/2024, Gloversville Public Library employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gloversville 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 06/2024, Gloversville Public Library generated $1.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $1.4m during the year ending 06/2024. While expenses have increased by 12.8% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PUBLIC LIBRARY - LIBRARY SERVICES PROVIDED TO RESIDENTS OF THE GLOVERSVILLE ENLARGED SCHOOL DISTRICT AND THE SURROUNDING AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING PUBLIC LIBRARY SERVICES TO THE RESIDENTS OF THE GLOVERSVILLE ENLARGED SCHOOL DISTRICT AND THE SURROUNDING AREA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Federman Trustee | Trustee | 5 | $0 |
Charlotte Will Trustee | Trustee | 5 | $0 |
Greg Niforos Trustee -President | OfficerTrustee | 5 | $0 |
Susan Shrader Trustee - Secretary | OfficerTrustee | 5 | $0 |
Merry Dunn Brown Trustee - Vice Pres. | OfficerTrustee | 5 | $0 |
Caren Pepper Trustee | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bunkoff General Contractors Inc Building Renovations | 6/29/19 | $3,324,845 |
Dlc Electric Llc Building Renovations | 6/29/19 | $491,999 |
Mazone Plumbing & Heating Inc Building Renovations | 6/29/19 | $314,704 |
Uw Marx Inc Construction Manager | 6/29/19 | $205,972 |
Rozell East Inc Building Renovations | 6/29/19 | $169,448 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $232,415 |
| All other contributions, gifts, grants, and similar amounts not included above | $772,355 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,004,770 |
| Total Program Service Revenue | $3,607 |
| Investment income | $58,651 |
| 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 | $1,067,515 |
| 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 | $566,096 |
| Pension plan accruals and contributions | $39,104 |
| Other employee benefits | $77,956 |
| Payroll taxes | $43,379 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,665 |
| Fees for services: Accounting | $15,925 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,589 |
| Office expenses | $791 |
| Information technology | $26,139 |
| Royalties | $0 |
| Occupancy | $85,606 |
| Travel | $2,247 |
| 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 | $405,020 |
| Insurance | $29,619 |
| All other expenses | $9,833 |
| Total functional expenses | $1,367,107 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,202 |
| Savings and temporary cash investments | $1,070,091 |
| 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 | $70,085 |
| Net Land, buildings, and equipment | $7,851,479 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2 |
| Total assets | $9,009,859 |
| Accounts payable and accrued expenses | $158,962 |
| 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 | $176,484 |
| Total liabilities | $335,446 |
| Net assets without donor restrictions | $8,674,413 |
| 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 | $9,009,859 |