Crandall Library in Glens Falls, New York (NY)

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Crandall Library
Employer Identification Number (EIN)141338381
Name of OrganizationCrandall Library
Address251 Glen Street City Park, Glens Falls, NY 12801
ActivitiesLibrary
SubsectionEducational Organization
Ruling Date02/1955
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$10,000,000 to $49,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$18,335,183
Amount of Income$4,490,010
Form 990 Revenue Amount$4,474,684
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities:


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Amount of income in 2013: $4,490,010
This organization: 

 $4,490,010
Other organizations performing similar types of work: 

 $369,689

Assets in 2013: $18,335,183
Crandall Library: 

 $18,335,183
Other organizations performing similar types of work: 

 $992,794

Expenses in 2012: $4,566,389
Crandall Library: 

 $4,566,389
Other organizations performing similar types of work: 

 $276,322

Income to expenses ratio in 2012: 1.0
This organization: 

 1.0
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2007: 88.7%
Crandall Library: 

 88.7%
Other organizations performing similar types of work: 

 89.3%

Number of employees in 2012: 58
Crandall Library: 

 58
Other organizations performing similar types of work: 

 12

Grants share in income in 2012: 17.7%
Crandall Library: 

 17.7%
Other organizations performing similar types of work: 

 79.2%

Financial snapshot ($)

Revenue for 2012

Functional expenses for 2012

Support schedule

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2012)
Total revenue$4,498,137
Contributions, Gifts, Grants and Other Similar Amounts$797,529
Program Service Revenue$123,904
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$375,886
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$32,699
Gross income from fundraising events$47,380
Less: direct expenses$14,681
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$3,168,119
Statement of Functional Expenses (for 2012)
Total functional expenses$4,566,389
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$1,590,587
Payroll taxes$118,050
Professional fundraising services$0
Other$2,857,752
Balance Sheet (for 2012)
Total assets$18,568,338
Total liabilities$13,576,726
Tax-exempt bond liabilities$11,710,000
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$1,866,726
Total net assets or fund balances$4,991,612
Retained earnings, endowment, accumulated income, or other funds$3,256,035
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2012)
2008 - 2012 Total
Total Support$20,736,879
Gifts, grants, contributions, and membership fees received$5,310,715
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$14,746,755
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$679,409
Gross receipts from related activities, etc.$3,286,215
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20032004200520062007
Total revenue$3,564,094$2,599,480$2,565,748$3,022,852$3,223,765
Contributions, gifts, grants, and similar amounts received$2,209,047$1,026,706$954,867$1,181,915$992,204
Contributions to donor advised funds$0$0
Direct public support$1,992,961$790,396$678,506$934,431$682,129
Indirect public support$0$0$0$0$0
Government contributions (grants)$216,086$236,310$276,361$247,484$310,075
Program service revenue including government fees and contracts$84,574$87,847$88,055$93,800$76,138
Membership dues and assessments$0$0$0$0$0
Interest on savings and temporary cash investments$4,616$102,529$111,682$16,168$391,559
Dividends and interest from securities$78,439$16,243$25,478$136,288$73,386
Net rental income or (loss)$0$0$0$0$0
Gross rents$0$0$0$0$0
Less: rental expenses$0$0$0$0$0
Other investment income$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$-15,221$40,434$-160,174$110,478$65,468
Gross amount from sales of assets other than inventory$2,872,898$40,434$0$110,478$65,468
Less: cost or other basis and sales expenses$2,888,119$0$160,174$0$0
Net income or (loss) from special events and activities$0$0$0$0$0
Gross revenue$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0
Other revenue$1,202,639$1,325,721$1,545,840$1,484,203$1,625,010
Total expenses$2,011,078$2,232,448$2,398,119$2,531,909$3,015,859
Program services$1,781,844$1,975,570$2,099,803$2,199,706$2,674,951
Management and general$229,234$256,878$298,316$332,203$340,908
Fundraising$0$0$0$0$0
Payments to affiliates$0$0$0$0$0
Net assets or fund balances at end of year$4,960,077$4,509,760$4,677,389$5,168,332$5,376,238
Excess or (deficit) for the year$1,553,016$367,032$167,629$490,943$207,906
Net assets or fund balances at beginning of year$3,407,061$4,960,077$4,509,760$4,677,389$5,168,332
Other changes in net assets or fund balances$0$-817,349$0$0$0
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$3,015,859$2,674,951$340,908$0
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$1,348,743$1,213,869$134,874$0
Pension plan contributions not included above$95,904$86,314$9,590$0
Employee benefits not included above$159,047$143,141$15,906$0
Payroll taxes$101,421$91,279$10,142$0
Professional fundraising fees$0$0$0$0
Accounting fees$0$0$0$0
Legal fees$0$0$0$0
Supplies$20,390$18,571$1,819$0
Telephone$3,489$3,140$349$0
Postage and shipping$5,870$5,283$587$0
Occupancy$295,050$265,545$29,505$0
Equipment rental and maintenance$18,877$16,989$1,888$0
Printing and publications$36,238$32,614$3,624$0
Travel$3,295$2,965$330$0
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$155,325$139,792$15,533$0
Other expenses not covered above$772,210$655,449$116,761$0
Balance Sheets
20032004200520062007
Total assets$6,340,342$5,838,266$6,042,997$6,997,442$21,011,045
Cash - non-interest-bearing$460$460$460$460$460
Savings and temporary cash investments$1,729,091$1,823,198$1,676,843$1,972,347$11,996,887
Accounts receivable less allowance for doubtful accounts$2,096$15,456$36,354$15,575$21,782
Pledges receivable less allowance for doubtful accounts$0$0$0$589,268$325,390
Grants receivable$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0
Inventories for sale or use$0$0$0$0$0
Prepaid expenses and deferred charges$9,107$17,802$16,698$97,744$30,257
Investments - publicly-traded securities$2,864,649$2,503,376
Investments - other securities$2,865,099$3,277,394$3,516,799$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0
Investments - other$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$1,728,616$703,956$795,843$1,457,399$6,132,893
Other assets, including program-related investments$5,873$0$0$0$0
Total liabilities$1,380,265$1,328,506$1,365,608$1,829,110$15,634,807
Accounts payable and accrued expenses$64,934$79,945$95,835$197,695$689,198
Grants payable$0$0$0$0$0
Deferred revenue$1,309,458$1,248,561$1,269,773$1,631,415$1,879,292
Loans from officers, directors, trustees, and key employees$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$12,875,000
Mortgages and other notes payable$0$0$0$0$0
Other liabilities$5,873$0$0$0$191,317
Total liabilities and net assets/fund balances$6,340,342$5,838,266$6,042,997$6,997,442$21,011,045
Total net assets or fund balances$4,960,077$4,509,760$4,677,389$5,168,332$5,376,238
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20032004200520062007
Total revenue$3,564,094$2,599,480$2,565,748$3,022,852$3,223,765
Total revenue, gains, and other support per audited financial statements$3,564,094$2,599,480$2,565,748$3,022,852$3,223,765
Other expenses$0$0$0$0$0
Net unrealized gains on investments$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0
Other$0$0$0$0$0
Other revenue$0$0$0$0$0
Investment expenses$0$0$0$0$0
Other$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20032004200520062007
Total expenses$2,011,078$2,232,448$2,398,119$2,531,909$3,015,859
Total expenses and losses per audited financial statements$2,011,078$2,232,448$2,398,119$2,443,079$2,860,534
Other revenue$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0
Prior year adjustments$0$0$0$0$0
Losses$0$0$0$0$0
Other$0$0$0$0$0
Other expenses$0$0$0$88,830$155,325
Investment expenses$0$0$0$0$0
Other$0$0$0$88,830$155,325
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$93,608$6,778$0
40$69,521$8,747$0
40$62,938$4,095$0
40$50,238$4,095$0
40$52,745$0$0
40$54,000$0$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?No
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 200653
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$464,945$1,766,616
Program service revenue
Program service revenue 1000000$000$0$76,138
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$391,559$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$73,386$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$65,468
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$1,625,010
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
20022003200420052006
Total$1,842,420$3,564,094$2,599,480$2,565,748$3,022,852
Gifts, grants, and contributions received$639,704$2,209,047$1,026,706$954,867$1,181,915
Membership fees received$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$78,677$84,574$87,847$88,055$93,800
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$78,248$83,055$208,427$150,677$262,934
Net income from unrelated business activities not included above$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$1,139,491$1,201,157$1,263,160$1,369,610$1,482,134
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0
Other income$-93,700$-13,739$13,340$2,539$2,069
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1South Country Library22 Station Rd, Bellport, NY 11713-2444NY1980-08$2,976,944
2Southern Tier Library System9424 Scott Rd, Painted Post, NY 14870-9598NY1960-06$2,083,389
3West Nyack Free Library Assn65 Strawtown Rd, West Nyack, NY 10994-1849NY1961-12$1,111,876
4Hoag Library Of The Swan Library Association134 S Main St, Albion, NY 14411-1624NY1954-03$1,011,573
5Troy Public Library100 2nd St, Troy, NY 12180-4005NY1943-06$927,563
6Tuxedo Park Library227 Route 17, Tuxedo Park, NY 10987-4405NY1977-02$618,583
7Saranac Lake Free Library109 Main St, Saranac Lake, NY 12983-1726NY1943-06$598,361
8William B Ogden Free Library42 Gardiner Pl, Walton, NY 13856-1321NY1943-11$562,443
9Sullivan Free Library101 Falls Blvd, Chittenango, NY 13037-1701NY1973-03$555,638
10Sidney Memorial Public Library8 River St, Sidney, NY 13838-1161NY1986-01$536,230
11Wallkill Public LibraryPO BOX C, Wallkill, NY 12589-0258NY1995-06$415,259
12Waterloo Library & Historical Society31 E Williams St, Waterloo, NY 13165-1410NY1951-03$407,848
13Stevens Memorial Library146 Main St, Attica, NY 14011-1243NY1961-10$407,369
14Starr Library, Starr Institute Inc68 W Market St, Rhinebeck, NY 12572-1419NY1945-03$403,898
15Troy Public Library Foundation Inc279 River St Ste 303, Troy, NY 12180-3215NY1991-10$369,689
16Seneca Falls Library47 Cayuga St, Seneca Falls, NY 13148-1480NY1967-05$336,352
17Southworth Library Association Tompkins CountyPO BOX 45, Dryden, NY 13053-0045NY1951-08$234,753
18Sherrill-Kenwood Free Library543 Sherrill Rd, Sherrill, NY 13461-1263NY1993-12$195,153
19Skaneateles Library Association49 E Genesee St, Skaneateles, NY 13152-1341NY1979-01$193,105
20Sanborn-Pekin Free LibraryPO BOX 176, Sanborn, NY 14132-0176NY1968-01$129,027
Number of organizations performing similar types of work
Alabama6
Arkansas4
Arizona4
California15
Colorado2
Connecticut30
Delaware4
Florida11
Georgia4
Iowa6
Idaho3
Illinois6
Indiana12
Kansas5
Kentucky6
Louisiana2
Massachusetts32
Maryland5
Maine32
Michigan12
Minnesota5
Missouri3
Mississippi2
Montana1
North Carolina11
Nebraska3
New Hampshire4
New Jersey19
New Mexico1
Nevada1
New York132
Ohio19
Oklahoma7
Oregon4
Pennsylvania94
Rhode Island15
South Carolina4
South Dakota2
Tennessee3
Texas12
Utah1
Virginia14
Vermont15
Washington4
Wisconsin3
West Virginia2
Wyoming1
International1
Total584

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