Bedford Free Library EIN 13-1739918

Bedford Free Library

EIN  13-1739918 Public charity (501(c)(3)) Bedford, NY
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Offers public library services to the community.
Leadership
Ann Cloonan · Director · $114K
Money in and out
$688K revenue, $654K expenses
Bottom line
100% program efficiency

Offers public library services to the community. For fiscal year 2024 it reported $688K in revenue, $654K in expenses, and $3.5M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$688K
Pt VIII · Ln 12
Total expenses
$654K
Pt IX · Ln 25
Net assets
$3.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $35K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs0% vs prior filing year
Operating runway
46.7mo
months of highly liquid reserves at operating expense rate▲ +7% vs prior filing year
Surplus margin
+5%
revenue over expenses, this year▲ +201% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$688K
FY2024▲ +16%
Expenses
$654K
FY2024▲ +5%
Total assets
$3.5M
FY2024▲ +8%
Total liabilities
$0
FY2024
Total revenue
$688K
Pt VIII · Ln 12
Total expenses
$654K
Pt IX · Ln 25
Net assets
$3.5M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$35K
Total assetsPt X · Ln 16$3.5M
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

1 program service account for $654K of program spending, described in the organization's own filed words · FY2024.
01

Provide public library services

$654Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBedford Free Library
EINHdr · item D13-1739918
Principal addressHdr · item CBedford, NY
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFMay 1965

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director
$113,660Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021
Ann Cloonan$113,660$109,635$104,747$92,537

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$629K · 91%
Investment income$57K · 8%
Contributions & grants91%$629K
Investment income8%$57K
Other revenue$3K
— government grantsLn 1e$494K
Total revenueLn 12$688K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$654K
Total functional expensesLn 25$654K

Balance Sheet

Part X · end of year
CashLn 1$2.5M
Total assetsLn 16$3.5M
Total liabilitiesLn 26$0
Total net assetsLn 32$3.5M
Months of cash on handcomputed46.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.5M · Operating expenses/yr $654K
46.7 months
Where the money goes
Program services
Program services $654K · Total expenses $654K
100%
Management & General
Management & general $0 · Total expenses $654K
0%
Fundraising
Fundraising $0 · Total expenses $654K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $119K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $629K · Total revenue $688K
91%
Government reliance
Government grants $494K · Total revenue $688K
72%
Earned-income share
Program service revenue $0 · Total revenue $688K
0%
Investment reliance
Investment income $57K · Total revenue $688K
+8%
Program self-sufficiency
Program service revenue $0 · Total expenses $654K
0%
Growth & trend
Revenue growth (YoY)
This year $688K · Prior year $595K
+16%
Net-asset trend (YoY)
End of year $3.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $688K · Expenses $654K
+5%
Liabilities-to-Assets
Total liabilities — · Total assets $3.5M
Net-asset ratio
Net assets $3.5M · Total assets $3.5M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $3.5M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Ann Cloonan · Reported title DIRECTOR · Highest reported compensation $114K · Total expenses $654K
17%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $417K · Total expenses $654K
64%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth 16%
Accounting fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$10K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$688K revenue · viewing · ⤓ 990 PDF
FY2023$595K revenue · ⤓ 990 PDF
FY2022$554K revenue · ⤓ 990 PDF
FY2021$592K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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