Friends Of The Library Of Olean New York Incorporated in Olean, New York (NY)
Table of contents:
| Friends Of The Library Of Olean New York Incorporated | |
| Employer Identification Number (EIN) | 222379019 |
| Name of Organization | Friends Of The Library Of Olean New York Incorporated |
| In Care of Name | Sondra Fox Pres |
| Address | 134 N 2nd St, Olean, NY 14760-2502 |
| Activities | Library, Other cultural or historical activities |
| Subsection | Charitable Organization |
| Ruling Date | 01/1982 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 04/2014 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $263,736 |
| Amount of Income | $30,144 |
| Form 990 Revenue Amount | $24,687 |
Non-representatives - add comments:
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total revenue | $38,097 | $22,813 | $24,687 |
| Contributions, gifts, grants, and similar amounts received | $10,475 | $11,399 | $10,385 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $4,910 | $5,299 | $8,697 |
| Gain/Loss from sale of assets other than inventory | $19,556 | $2,606 | $1,514 |
| Gross amount from sale of assets other than inventory | $44,642 | $6,586 | $6,971 |
| Less: cost or other basis and sales expenses | $25,086 | $3,980 | $5,457 |
| Net income/loss from gaming and fundraising events | $3,156 | $3,509 | $4,091 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $3,156 | $3,509 | $4,091 |
| Less: direct expenses from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $18,003 | $19,230 | $21,531 |
| Total net assets | $225,054 | $246,292 | $263,736 |
| Excess/Deficit for the year | $20,094 | $3,583 | $3,156 |
| Net assets or fund balances at beginning of year | $229,656 | $225,054 | $246,292 |
| Other changes in net assets or fund balances | $-24,696 | $17,655 | $14,288 |
| Net assets or fund balances at end of year | $246,292 | $263,736 | |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $225,054 | $246,292 | $263,736 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $225,054 | $246,292 | $263,736 |
| Other Information | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2014) | |
| 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) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public Support | $60,244 |
| Subtotal Support | $60,244 |
| Gifts, grants, contributions, and membership fees received | $60,244 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $90,772 |
| Public Support | $60,244 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $30,528 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $19,653 |
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| Other organizations in New York | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Friends Of The Israel Center For Social And Economic Progress | 29 Barstow Road, Great Neck, NY 11021-2222 | NY | 1984-07 | $294,700 |
| 2 | Friends Of The Ixchel Museum Inc | 411 E 57th St Apt 17d, New York, NY 10022-3011 | NY | 1984-08 | $54,231 |
| 3 | Friends Of The Jefferson Market Library Bell Inc | 8 Spruce Street - 38f, New York, NY 10038 | NY | 1996-11 | $6 |
| 4 | Friends Of The Jerusalem Symphony Orchestra Inc | 333 West 39th Street, New York, NY 10018-1410 | NY | 2005-11 | $4 |
| 5 | Friends Of The Jewish Culture Festival Society Inc | C/O Lutz And Carr 300 E 42nd St, New York, NY 10017 | NY | 2003-11 | $262,086 |
| 6 | Friends Of The John C Hart Memorial Library | 1130 E Main Street, Shrub Oak, NY 10588 | NY | 1974-06 | $0 |
| 7 | Friends Of The John Jermain Library Inc | 201 Main St, Sag Harbor, NY 11963-3043 | NY | 2007-10 | $36,543 |
| 8 | Friends Of The Kingston Library | 55 Franklin St, Kingston, NY 12401-4944 | NY | 2004-12 | $9,631 |
| 9 | Friends Of The Larchmont Public Library Inc | 121 Larchmont Ave, Larchmont, NY 10538-3724 | NY | 1972-12 | $74,762 |
| 10 | Friends Of The Library Of New York University Medical Center Inc | 550 First Ave Ste Msbc93, New York, NY 10016-6402 | NY | $37,713 | |
| 11 | Friends Of The Library Of Olean New York Incorporated | 134 N 2nd St, Olean, NY 14760-2502 | NY | 1982-01 | $30,144 |
| 12 | Friends Of The Library Of The Supreme Court Of Israel Inc | 1 Dag Hamm Pl 42nd, New York, NY 10017 | NY | 1997-10 | $8,183 |
| 13 | Friends Of The Library Of Woodstock New York Inc | 5 Library Ln, Woodstock, NY 12498-1168 | NY | 1992-02 | $68,705 |
| 14 | Friends Of The Library S S C | PO BOX 444, Corning, NY 14830-0444 | NY | 1963-07 | $55,797 |
| 15 | Friends Of The Liverpool Public Library Inc | 310 Tulip Street C/O William P Okee, Liverpool, NY 13088 | NY | 2001-11 | $199,792 |
| 16 | Friends Of The Long Pond Greenbelt Inc | Po Box 1130, Bridgehampton, NY 11932 | NY | 2001-04 | $0 |
| 17 | Friends Of The Macedon Public Library | 30 W Main St, Macedon, NY 14502-9101 | NY | 2005-03 | $22,412 |
| 18 | Friends Of The Mahopac Library | 688 Rt 6, Mahopac, NY 10541 | NY | 1988-04 | $0 |
| 19 | Friends Of Manhattan School For | 154 W 93rd St, New York, NY 10025-7530 | NY | 1993-05 | $471,619 |
| 20 | Friends Of The Mattituck Free Library Inc | PO BOX 1437, Mattituck, NY 11952-0991 | NY | 1979-01 | $19,909 |
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