Webster Library Foundation Inc in Webster, New York (NY)
Table of contents:
| Webster Library Foundation Inc | |
| Employer Identification Number (EIN) | 364681017 |
| Name of Organization | Webster Library Foundation Inc |
| In Care of Name | Peter Knapp |
| Address | 980 Ridge Road, Webster, NY 14580 |
| Subsection | Charitable Organization |
| Ruling Date | 12/2010 |
| 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 | 2014 |
| Assets | $100,000 to $499,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $340,172 |
| Amount of Income | $14,181 |
| Form 990 Revenue Amount | $14,181 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Single Organization Support |
Non-representatives - add comments:
Amount of income in 2014: $14,181 (it was $14,181 in 2013)
| Webster Library Foundation Inc: | $14,181 |
| Other organizations performing similar types of work: | $29,036 |
Assets in 2014: $340,172 (it was $340,172 in 2013)
| Webster Library Foundation Inc: | $340,172 |
| Other organizations performing similar types of work: | $79,636 |
Expenses in 2013: $10,000
| Webster Library Foundation Inc: | $10,000 |
| Other organizations performing similar types of work: | $20,046 |
Income to expenses ratio in 2013: 1.4
| This organization: | 1.4 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 48.4%
| Webster Library Foundation Inc: | 48.4% |
| Other organizations performing similar types of work: | 7.7% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
| 2012 | 2013 | |
|---|---|---|
| Total revenue | $13,784 | $14,181 |
| Contributions, gifts, grants, and similar amounts received | $7,096 | $6,868 |
| Program service revenue including government fees and contracts | $0 | $0 |
| Membership dues and assessments | $0 | $0 |
| Investment income | $9,629 | $7,313 |
| Gain/Loss from sale of assets other than inventory | $-2,941 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 |
| Other revenue | $0 | $0 |
| Total expenses | $416 | $10,000 |
| Total net assets | $335,991 | $340,172 |
| Excess/Deficit for the year | $13,368 | $4,181 |
| Net assets or fund balances at beginning of year | $322,623 | $335,991 |
| Other changes in net assets or fund balances | $0 | $0 |
| Net assets or fund balances at end of year | $335,991 | $340,172 |
| Balance Sheets | ||
| 2012 | 2013 | |
|---|---|---|
| Total assets | $335,991 | $340,172 |
| Total liabilities | $0 | $0 |
| Net assets or fund balances | $335,991 | $340,172 |
| Other Information | ||
| 2012 | 2013 | |
|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | Yes | 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 |
| 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 |
| Gross receipts for public use of club facilities | $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 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $13,964 |
| Subtotal | $13,964 |
| Gifts, grants, contributions, and membership fees received | $13,964 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $0 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| 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 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $13,964 |
| Public support | $13,964 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | White Plains Library Foundation Inc | 100 Martine Ave, White Plains, NY 10601-2502 | NY | 1998-01 | $590,572 |
| 2 | Town Of Esopus Library Foundation Inc | PO BOX 1167, Port Ewen, NY 12466-1167 | NY | 2008-04 | $524,150 |
| 3 | Town Of Johnsburg Library Foundation Inc | Po Box 570, North Creek, NY 12853 | NY | 1999-10 | $115,180 |
| 4 | Foundation For Geneva Public Library Inc | 244 Main Street, Geneva, NY 14456 | NY | 2012-03 | $26,395 |
| 5 | Friends Of The Schroon Lake Public Library Incorporated | PO BOX 253, Schroon Lake, NY 12870-0253 | NY | 2003-04 | $22,308 |
| 6 | Webster Library Foundation Inc | 980 Ridge Road, Webster, NY 14580 | NY | 2010-12 | $14,181 |
| 7 | Friends Of The Henrietta Public Library | 455 Calkins Rd, Rochester, NY 14623-4241 | NY | 1999-12 | $13,529 |
| 8 | John Jermain Future Fund | Po Box 2536, Sag Harbor, NY 11963 | NY | 2003-10 | $2,079 |
| 9 | Friends Of D R Evarts Library Inc | 80 Second St, Athens, NY 12414 | NY | 2002-04 | $0 |
| 10 | Friends Of Ethelbert B Crawford Public Library Inc | 393 Broadway, Monticello, NY 12701 | NY | 2012-09 | $0 |
| 11 | Friends Of The Aurora Town Library | 550 Main Street, East Aurora, NY 14052 | NY | 2008-07 | $0 |
| 12 | Friends Of The Brooklyn Heights Branch Library Inc | 280 Cadman Plaza West, Brooklyn, NY 11201 | NY | 1997-07 | $0 |
| 13 | Friends Of The Chester Library | Po Box 451, Chestertown, NY 12817 | NY | 1994-09 | $0 |
| 14 | Friends Of The Commack Public Library | 18 Hauppauge Road, Commack, NY 11725 | NY | 2007-10 | $0 |
| 15 | Friends Of The Dewitt Community Library Inc | 3649 Erie Boulevard East, De Witt, NY 13214-1799 | NY | 2001-01 | $0 |
| 16 | Friends Of The East Fishkill Community Library | 348 Route 376, Hopewell Jct, NY 12533 | NY | 2010-02 | $0 |
| 17 | Friends Of The Fayetteville Free Library | Po Box 451, Fayetteville, NY 13066 | NY | 1999-04 | $0 |
| 18 | Friends Of The Finkelstein Memorial Libr | 24 Chestnut Street, Spring Valley, NY 10977 | NY | 2007-02 | $0 |
| 19 | Friends Of The Gold Coast Public Library | 50 Railroad Avenue, Glen Head, NY 11545 | NY | 2007-01 | $0 |
| 20 | Friends Of The Hyde Park Free Library Inc | Po Box 768, Hyde Park, NY 12538 | NY | 2005-10 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,320 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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