Elting Memorial Library EIN 14-1364515

Elting Memorial Library

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Provides free access to books, technology, programs, and community spaces for all ages. For fiscal year 2024 it reported $945K in revenue, $767K in expenses, and $3.9M in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
New Paltz, NY
Website
www.eltinglibrary.org
Filings
5 on file (2020–2024)
Revenue
$945KFY2024
Expenses
$767K
Net assets
$3.9M
People
18
Filings
5
Updates
0
More identity details & actions ⌄
EIN  14-1364515 Public charity (501(c)(3)) New Paltz, NY
Form 990 (PDF)
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Size
$100K–1M
What they do
Provides free access to books, technology, programs, and community spaces for all ages.
Leadership
Crystal Middleton · Director · $51K
Money in and out
$945K revenue, $767K expenses
Bottom line
70% program efficiency
Where the money goes · FY2024
Total revenue
$945K
Pt VIII · Ln 12
Total expenses
$767K
Pt IX · Ln 25
Net assets
$3.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $178K
Where spending went · Part IX cols B–D
Program services $0.70 Management & general $0.20 Fundraising $0.09
Program efficiency
70%
of spending reaches programs▼ -8% vs prior filing year
Operating runway
9.9mo
months of highly liquid reserves at operating expense rate▼ -47% vs prior filing year
Surplus margin
+19%
revenue over expenses, this year▲ +187% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$945K
FY2024▲ +14%
Expenses
$767K
FY2024▼ -24%
Total assets
$3.9M
FY2024▲ +4%
Total liabilities
$6K
FY2024▼ -68%
Total revenue
$945K
Pt VIII · Ln 12
Total expenses
$767K
Pt IX · Ln 25
Net assets
$3.9M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$178K
Total assetsPt X · Ln 16$3.9M
Program-expense ratioPt IX · col B70%
Voting members of governing bodyPt I · Ln 316
Independent voting membersPt I · Ln 416
Mission & Programs · Part III

Where the work happens

3 program services account for $538K of program spending, described in the organization's own filed words · FY2024.
01

Elting's 7,410 Cardholders have access to print and electronic public access to the internet and printing services, and is a passport acceptance location. The Haviland-Heidgerd Historical Collection provides access to property and family histories and collaborates with local organizations on historical programs and resources

$524Kprogram expense
02

Children and Teen Programming

All ages benefit from programs which focus on sharing topical information and shared activities. Storytimes, game nights, mini golf, and summer reading are examples

$9Kprogram expense
03

Adult Programming

Adults can gather to build community and learn together. The book club, knitting, author talks, and presentations are examples.

$5Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CElting Memorial Library
EINHdr · item D14-1364515
Principal addressHdr · item CNew Paltz, NY
WebsiteHdr · item Jwww.eltinglibrary.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B71Z)
Ruling yearIRS BMFJun 1976

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a16
Independent voting membersPt VI · Ln 1b16
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$51,404Pt VII · Sec A
Director
$35,598Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Crystal Middleton’s $51K as Director is at the 43rd percentile of top reported officer pay among 1615 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Gillian Murphy$81,752$83,118$58,461
John Giralico$43,715$72,742
Crystal Middleton$51,404
Stephen Cook$35,598$8,893

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$832K · 88%
Investment income$79K · 8%
Program service revenue$34K · 4%
Contributions & grants88%$832K
Investment income8%$79K
Program service revenue4%$34K
Other revenue$260
— government grantsLn 1e$721K
Total revenueLn 12$945K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.70 Management & general $0.20 Fundraising $0.09
Program services70%$538K
Management & general20%$156K
Fundraising9%$72K
Total functional expensesLn 25$767K

Balance Sheet

Part X · end of year
CashLn 1$635K
Total assetsLn 16$3.9M
Total liabilitiesLn 26$6K
Total net assetsLn 32$3.9M
Months of cash on handcomputed9.9

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $635K · Operating expenses/yr $767K
9.9 months
Where the money goes
Program services
Program services $538K · Total expenses $767K
70%
Management & General
Management & general $156K · Total expenses $767K
20%
Fundraising
Fundraising $72K · Total expenses $767K
9%
Cost to raise $1
Fundraising expense (3-yr avg) $55K · Solicited contributions (3-yr avg) $108K
$0.51 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $832K · Total revenue $945K
88%
Government reliance
Government grants $721K · Total revenue $945K
76%
Earned-income share
Program service revenue $34K · Total revenue $945K
4%
Investment reliance
Investment income $79K · Total revenue $945K
+8%
Program self-sufficiency
Program service revenue $34K · Total expenses $767K
4%
Growth & trend
Revenue growth (YoY)
This year $945K · Prior year $831K
+14%
Revenue CAGR
FY2020 $673K · FY2024 $945K
+9%
Net-asset trend (YoY)
End of year $3.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $945K · Expenses $767K
+19%
Liabilities-to-Assets
Total liabilities — · Total assets $3.9M
Net-asset ratio
Net assets $3.9M · Total assets $3.9M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $3.9M
0%
People & payroll
Highest Reported Total Compensation
Individual Crystal Middleton · Reported title Director · Highest reported compensation $51K · Total expenses $767K
7%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $480K · Total expenses $767K
63%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 70%
Overhead ratio 20%
Fundraising cost ratio 9%
Revenue growth 14%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0.6%
Fundraising 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 · FY2024
Mako FoundationFY2024$500
Total grants receivedfrom 2 funders$11K

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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)$945K revenue · viewing · ⤓ 990 PDF
FY2023$831K revenue · ⤓ 990 PDF
FY2022$782K revenue · ⤓ 990 PDF
FY2021$734K revenue · ⤓ 990 PDF
FY2020$673K 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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