Margaret Reaney Memorial Library in St Johnsville, New York (NY)
Table of contents:
| Margaret Reaney Memorial Library | |
| Employer Identification Number (EIN) | 161522597 |
| Name of Organization | Margaret Reaney Memorial Library |
| In Care of Name | Dawn Capece |
| Address | 19 Kingsbury Ave, St Johnsville, NY 13452-1307 |
| Activities | Library, Genealogical activities |
| Subsection | Charitable Organization |
| Ruling Date | 06/1997 |
| 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 | 05/2014 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $107,705 |
| Amount of Income | $145,600 |
| Form 990 Revenue Amount | $142,459 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Libraries |
Non-representatives - add comments:
Amount of income in 2014: $145,600 (it was $113,905 in 2013)
| This organization: | $145,600 |
| Other organizations performing similar types of work: | $82,335 |
Assets in 2014: $107,705 (it was $80,713 in 2013)
| Margaret Reaney Memorial Library: | $107,705 |
| Other organizations performing similar types of work: | $207,548 |
Expenses in 2014: $115,762
| This organization: | $115,762 |
| Other organizations performing similar types of work: | $60,338 |
Income to expenses ratio in 2014: 1.3
| This organization: | 1.3 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2014: 20.2%
| This organization: | 20.2% |
| Other organizations performing similar types of work: | 7.7% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total revenue | $94,618 | $113,905 | $142,459 |
| Contributions, gifts, grants, and similar amounts received | $29,349 | $21,778 | $28,706 |
| Program service revenue including government fees and contracts | $36,409 | $71,741 | $102,691 |
| Membership dues and assessments | $942 | $1,059 | $1,083 |
| Investment income | $0 | $82 | $67 |
| Gain/Loss from sale of assets other than inventory | $14,971 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $12,947 | $15,673 | $9,912 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $12,947 | $15,673 | $13,053 |
| Less: direct expenses from gaming and fundraising events | $0 | $0 | $3,141 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $3,572 | $0 |
| Total expenses | $108,543 | $118,660 | $115,762 |
| Total net assets | $80,214 | $75,459 | $102,156 |
| Excess/Deficit for the year | $-13,925 | $-4,755 | $26,697 |
| Net assets or fund balances at beginning of year | $94,139 | $80,214 | $75,459 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $75,459 | $102,156 | |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $85,468 | $80,713 | $107,705 |
| Total liabilities | $5,254 | $5,254 | $5,549 |
| Net assets or fund balances | $80,214 | $75,459 | $102,156 |
| 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 | $70,000 |
| 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 | $431,965 |
| Subtotal Support | $431,965 |
| Gifts, grants, contributions, and membership fees received | $275,099 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $156,866 |
| 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 | $478,498 |
| Public Support | $431,965 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $46,533 |
| 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. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | The Covington Memorial Foundation For The George S Houston Library O | 1 W 4th St 4th Fl Mac D4000-041, Winston Salem, NC 27101-3818 | NC | 1981-07 | $284,583 |
| 2 | Margaret Reaney Memorial Library | 19 Kingsbury Ave, St Johnsville, NY 13452-1307 | NY | 1997-06 | $145,600 |
| 3 | Royalton Memorial Libary Assoc | PO BOX 179, S Royalton, VT 05068-0179 | VT | 1997-07 | $82,335 |
| 4 | The Friends Of The Pohick Regional Library | 6450 Sydenstricker Rd, Burke, VA 22015-4273 | VA | 1998-01 | $79,511 |
| 5 | Washington County Public Library Foundation Inc | Oak Hill And Valley St, Abingdon, VA 24210 | VA | 1997-02 | $75,878 |
| 6 | Friends Of The Temple Terrace Library | 202 Bullard Pkwy, Temple Ter, FL 33617-5512 | FL | 1997-07 | $28,556 |
| 7 | Wm B Houston Trust No 505-112 For L, 10265051128 | PO BOX 185, Pittsburgh, PA 15230-0185 | PA | 1900-12 | $21,086 |
| 8 | Pawnee City Public Library Foundation | Po Box 311, Pawnee City, NE 68420 | NE | 1992-07 | $16,165 |
| 9 | Bloomfield Library Foundation Incorporated | PO BOX 548, Bloomfield, NE 68718 | NE | 1997-02 | $0 |
| 10 | Cozad Library Foundation | 910 Meridian Avenue, Cozad, NE 69130 | NE | 1995-11 | $0 |
| 11 | Friends Of Johnson Branch Library Inc | Po Box 1061, St Petersburg, FL 33731 | FL | 1991-08 | $0 |
| 12 | Friends Of The Craig-Moffat County Library Inc A Co Non-Profit Corp | 570 Green Street, Craig, CO 81625 | CO | 1998-01 | $0 |
| 13 | Friends Of The Frank B Koller Memorial Library Inc | Po Box 100, Manitowish Waters, WI 54545 | WI | 1988-10 | $0 |
| 14 | Friends Of The Langley Library | Po Box 365, Langley, WA 98260 | WA | 1924-06 | $0 |
| 15 | Friends Of The Library Of Arizona City | Po Box 118, Arizona City, AZ 85123 | AZ | 1995-04 | $0 |
| 16 | Friends Of The Red Wing Public Library | 225 East Ave, Red Wing, MN 55066 | MN | 1992-11 | $0 |
| 17 | Friends Of The Solon Public Library | 4228 180th St, Solon, IA 52333 | IA | 1992-07 | $0 |
| 18 | Friends Of The South Orange Public Library Inc | 75 Main St, Millburn, NJ 07041-1367 | NJ | 1993-05 | $0 |
| 19 | Friends Of The Wakarusa Harrison Township Olive Township Public | Po Box 485 124 N Elkhart Street, Wakarusa, IN 46573 | IN | 1997-11 | $0 |
| 20 | Friends Of Youngstown Free Library Inc | 240 Lockport St, Youngstown, NY 14174 | NY | 1993-03 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 36 | ||||||||||||||||||||||||||||||||||||||||||||||
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