Patterson Library EIN 14-6022764

Patterson Library FY2022 filing

EIN  14-6022764 Public charity (501(c)(3)) Patterson, NY
Form 990 (PDF)
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Size
$1–10M
What they do
Provides library services and educational programs to improve community life.
Leadership
Stephanie Harrison · Director · $93K
Money in and out
$1.1M revenue, $960K expenses
Bottom line
73% program efficiency

Provides library services and educational programs to improve community life. For fiscal year 2022 it reported $1.1M in revenue, $960K in expenses, and $2.0M in net assets.Pt I

Where the money goes · FY2022
Total revenue
$1.1M
Pt VIII · Ln 12
Total expenses
$960K
Pt IX · Ln 25
Net assets
$2.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $159K
Where spending went · Part IX cols B–D
Program services $0.73 Management & general $0.26 Fundraising $0.01
Program efficiency
73%
of spending reaches programs
Operating runway
12.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+14%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$1.1M
FY2022▲ +6%
Expenses
$960K
FY2022▲ +13%
Total assets
$2.3M
FY2022▲ +7%
Total liabilities
$282K
FY2022▼ -5%
Total revenue
$1.1M
Pt VIII · Ln 12
Total expenses
$960K
Pt IX · Ln 25
Net assets
$2.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$159K
Total assetsPt X · Ln 16$2.3M
Program-expense ratioPt IX · col B73%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

3 program services account for $701K of program spending, described in the organization's own filed words · FY2022.
01

Information/Educational Services and Programs

We offer programs for patrons of all ages. Adult program offerings include book discussions, movies, mahjong, local history discussions, environmental programs, author talks, crafts, cooking demonstrations, lectures, health and exercise programs, writing workshops, financial seminars, and book discussions.

$701Kprogram expense
02

Outreach

The library staff partners with community members to introduce the public to what the library has to offer as well as to bring educational and entertaining programming to them. We partner with local organizations like the patterson rotary to host the community-wide touch-a-truck event in june.

Pt IX · col B
03

Collections and Circulation

The library's collection is comprised of both physical material and downloadable and electronic content. Our physical materials include books, audiobooks, periodicals, DVDS, and CDS. The downloadable content includes ebooks, audiobooks, films, and various databases.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPatterson Library
EINHdr · item D14-6022764
Principal addressHdr · item CPatterson, NY
WebsiteHdr · item Jpattersonlibrary.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B700)
Ruling yearIRS BMFAug 1985

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b4
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 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$92,522Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Stephanie Harrison’s $104K as Director is at the 34th percentile of top reported officer pay among 3392 $1–10M 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Stephanie Harrison$103,508$99,442$92,522$88,988$86,436

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 & grants100%$1.1M
Investment income$3K
— government grantsLn 1e$1.1M
Total revenueLn 12$1.1M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.73 Management & general $0.26 Fundraising $0.01
Program services73%$703K
Management & general26%$245K
Fundraising1%$12K
Total functional expensesLn 25$960K

Balance Sheet

Part X · end of year
CashLn 1$1.0M
Total assetsLn 16$2.3M
Total liabilitiesLn 26$282K
Total net assetsLn 32$2.0M
Months of cash on handcomputed12.9

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.0M · Operating expenses/yr $960K
12.9 months
Where the money goes
Program services
Program services $703K · Total expenses $960K
73%
Management & General
Management & general $245K · Total expenses $960K
26%
Fundraising
Fundraising $12K · Total expenses $960K
1%
Cost to raise $1
Fundraising expense (3-yr avg) $7K · Solicited contributions (3-yr avg) $19K
$0.39 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.1M · Total revenue $1.1M
100%
Government reliance
Government grants $1.1M · Total revenue $1.1M
96%
Earned-income share
Program service revenue $0 · Total revenue $1.1M
0%
Investment reliance
Investment income $3K · Total revenue $1.1M
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $960K
0%
Growth & trend
Revenue growth (YoY)
This year $1.1M · Prior year $1.1M
+6%
Net-asset trend (YoY)
End of year $2.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.1M · Expenses $960K
+14%
Liabilities-to-Assets
Total liabilities — · Total assets $2.3M
Net-asset ratio
Net assets $2.0M · Total assets $2.3M
88%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.3M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Stephanie Harrison · Reported title DIRECTOR · Highest reported compensation $93K · Total expenses $960K
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $615K · Total expenses $960K
64%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 73%
Overhead ratio 26%
Fundraising cost ratio 1%
Revenue growth 6%
Accounting fee ratio 5%

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
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)$1.2M revenue · ⤓ 990 PDF
FY2023$1.1M revenue · ⤓ 990 PDF
FY2022$1.1M revenue · viewing · ⤓ 990 PDF
FY2021$1.1M revenue · ⤓ 990 PDF
FY2020$939K 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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