Greenwich Free Library EIN 14-6023701

Greenwich Free Library FY2021 filing

EIN  14-6023701 Public charity (501(c)(3)) Greenwich, NY
Form 990 (PDF)
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Size
$100K–1M
What they do
Offers free library services and computer access to the community.
Leadership
Anne Miller · Ex Dir - Ret · $33K
Money in and out
$281K revenue, $201K expenses
Bottom line
65% program efficiency

Offers free library services and computer access to the community. For fiscal year 2021 it reported $281K in revenue, $201K in expenses, and $1.7M in net assets.Pt I

Where the money goes · FY2021
Total revenue
$281K
Pt VIII · Ln 12
Total expenses
$201K
Pt IX · Ln 25
Net assets
$1.7M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $80K
Where spending went · Part IX cols B–D
Program services $0.65 Management & general $0.35
Program efficiency
65%
of spending reaches programs
Operating runway
28.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+28%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$281K
FY2021▼ -10%
Expenses
$201K
FY2021▼ -32%
Total assets
$1.7M
FY2021▲ +7%
Total liabilities
$0
FY2021
Total revenue
$281K
Pt VIII · Ln 12
Total expenses
$201K
Pt IX · Ln 25
Net assets
$1.7M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$80K
Total assetsPt X · Ln 16$1.7M
Program-expense ratioPt IX · col B65%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411
Mission & Programs · Part III

Where the work happens

1 program service account for $131K of program spending, described in the organization's own filed words · FY2021.
01

Library has successfully imlemented various reading grants promoting reading in the community as well as grants and programs that purchased large type books for the elderly.

$131Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGreenwich Free Library
EINHdr · item D14-6023701
Principal addressHdr · item CGreenwich, NY
WebsiteHdr · item Jgreenwichfreelibrary.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B70)
Ruling yearIRS BMFMar 2000

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
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
Ex Dir - Ret
$33,121Pt VII · Sec A
New Executiv
$3,846Pt VII · Sec A
President
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Sarah Murphy’s $56K as Executive Di is at the 48th 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Sarah Murphy$55,897$55,687$52,923$46,635$3,846
Anne Miller$33,121$50,000

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
Program service revenue$151K · 54%
Contributions & grants$118K · 42%
Investment income$12K · 4%
Program service revenue54%$151K
Contributions & grants42%$118K
Investment income4%$12K
— government grantsLn 1e$32K
Total revenueLn 12$281K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.65 Management & general $0.35
Program services65%$131K
Management & general35%$71K
Total functional expensesLn 25$201K

Balance Sheet

Part X · end of year
CashLn 1$170K
Total assetsLn 16$1.7M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.7M
Months of cash on handcomputed10.1

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $484K · Operating expenses/yr $201K
28.8 months
Where the money goes
Program services
Program services $131K · Total expenses $201K
65%
Management & General
Management & general $71K · Total expenses $201K
35%
Fundraising
Fundraising $0 · Total expenses $201K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $75K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $118K · Total revenue $281K
42%
Government reliance
Government grants $32K · Total revenue $281K
11%
Earned-income share
Program service revenue $151K · Total revenue $281K
54%
Investment reliance
Investment income $12K · Total revenue $281K
+4%
Program self-sufficiency
Program service revenue $151K · Total expenses $201K
75%
Growth & trend
Revenue growth (YoY)
This year $281K · Prior year $314K
-10%
Net-asset trend (YoY)
End of year $1.7M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $281K · Expenses $201K
+28%
Liabilities-to-Assets
Total liabilities — · Total assets $1.7M
Net-asset ratio
Net assets $1.7M · Total assets $1.7M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $314K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.7M
19%
People & payroll
Highest Reported Total Compensation
Individual Anne Miller · Reported title EX DIR - RET · Highest reported compensation $33K · Total expenses $201K
16%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $98K · Total expenses $201K
48%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 65%
Overhead ratio 35%
Fundraising cost ratio 0%
Revenue growth -10%
Investment management fee ratio 0%
Legal fee ratio 1%
Accounting fee ratio 3%

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 3 funders$42K
See all 3 funders →

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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
FY2025 (Latest)$377K revenue · ⤓ 990 PDF
FY2024$414K revenue · ⤓ 990 PDF
FY2023$240K revenue · ⤓ 990 PDF
FY2022$301K revenue · ⤓ 990 PDF
FY2021$281K revenue · viewing · ⤓ 990 PDF
FY2020$314K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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