Wallkill Public Library EIN 14-6018441 Form 990 (PDF) Claim this org

Wallkill Public Library FY2022 filing

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Offers community access to materials, services, and programs for information, education, and enrichment. For fiscal year 2022 it reported $397K in revenue, $324K in expenses, and $1.2M in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Wallkill, NY
Website
www.wallkillpubliclibrary.org
Filings
5 on file (2020–2022)
Revenue
$397KFY2022
Expenses
$324K
Net assets
$1.2M
People
9
Filings
5
Updates
0
More identity details & actions ⌄
EIN  14-6018441 Public charity (501(c)(3)) Wallkill, NY
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Offers community access to materials, services, and programs for information, education, and enrichment.
Leadership
Todd Craner · President
Money in and out
$397K revenue, $324K expenses
Bottom line
56% program efficiency
Where the money goes · FY2022
Total revenue
$397K
Pt VIII · Ln 12
Total expenses
$324K
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $74K
Where spending went · Part IX cols B–D
Program services $0.56 Management & general $0.43 Fundraising $0.01
Program efficiency
56%
of spending reaches programs
Operating runway
29.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+19%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$397K
FY2022▲ +4%
Expenses
$324K
FY2022▼ -6%
Total assets
$1.2M
FY2022▲ +7%
Total liabilities
$15K
FY2022-0.3%
Total revenue
$397K
Pt VIII · Ln 12
Total expenses
$324K
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$74K
Total assetsPt X · Ln 16$1.2M
Program-expense ratioPt IX · col B56%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

3 program services account for $63K of program spending, described in the organization's own filed words · FY2022.
01

In 2022, these funds were spent on technology. There were 17,886 visits to the library's website during 2022.

$27Kprogram expense
02

At the end of 2022, the library's collection included: 16,642 print materials, 275,585 electronic materials, and 2,340 other materials. This being a combined total of 294,567 materials for the library's patrons to use as a source of information, education, entertainment, and cultural enrichment.

$25Kprogram expense
03

In 2022, the library offered 555 programs which were attended by 5,464 children and adults.

$10Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWallkill Public Library
EINHdr · item D14-6018441
Principal addressHdr · item CWallkill, NY
WebsiteHdr · item Jwww.wallkillpubliclibrary.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 1995

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
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 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Fiscal Officer
$0Pt VII · Sec A
Corresponding Secretary
$0Pt VII · Sec A
Recording Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue$368K · 92%
Contributions & grants$29K · 7%
Program service revenue92%$368K
Contributions & grants7%$29K
Investment income$615
— government grantsLn 1e$22K
Total revenueLn 12$397K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.56 Management & general $0.43 Fundraising $0.01
Program services56%$183K
Management & general43%$138K
Fundraising1%$3K
Total functional expensesLn 25$324K

Balance Sheet

Part X · end of year
CashLn 1$792K
Total assetsLn 16$1.2M
Total liabilitiesLn 26$15K
Total net assetsLn 32$1.2M
Months of cash on handcomputed29.4

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $792K · Operating expenses/yr $324K
29.4 months
Where the money goes
Program services
Program services $183K · Total expenses $324K
56%
Management & General
Management & general $138K · Total expenses $324K
43%
Fundraising
Fundraising $3K · Total expenses $324K
0.9%
Cost to raise $1
Fundraising expense (3-yr avg) $3K · Solicited contributions (3-yr avg) $43K
$0.07 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $29K · Total revenue $397K
7%
Government reliance
Government grants $22K · Total revenue $397K
6%
Earned-income share
Program service revenue $368K · Total revenue $397K
92%
Investment reliance
Investment income $615 · Total revenue $397K
+0.2%
Program self-sufficiency
Program service revenue $368K · Total expenses $324K
114%
Growth & trend
Revenue growth (YoY)
This year $397K · Prior year $381K
+4%
Net-asset trend (YoY)
End of year $1.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $397K · Expenses $324K
+19%
Liabilities-to-Assets
Total liabilities — · Total assets $1.2M
Net-asset ratio
Net assets $1.2M · Total assets $1.2M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.2M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Todd Craner · Reported title President · Highest reported compensation $0 · Total expenses $324K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $198K · Total expenses $324K
61%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 56%
Overhead ratio 43%
Fundraising cost ratio 10%
Revenue growth 4%

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 · FY2023
Total grants receivedfrom 1 funder$143

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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)$413K revenue · ⤓ 990 PDF
FY2023$388K revenue · ⤓ 990 PDF
FY2022$397K revenue · viewing · ⤓ 990 PDF
FY2021$381K revenue · ⤓ 990 PDF
FY2020$661K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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