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Waterloo Library & Historical Society

Tax-deductible

Waterloo, NY501(c)(3)Education EIN 15-0532265Revenue $410K in FY2024

On file with the IRSwlhs-ny.com31 E Williams St, 13165-1410 · Waterloo, NYTax-exempt since Mar 1951Publicly supported charity — 170(b)(1)(A)(vi)

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Waterloo Library and Historical Society provides patrons of all ages an integrative, full service Library and Historical experience. As the birthplace of memorial day we strive to educate on the founding and the service/sacrifice of all of america's veterans. We encourage participants to engage in our learning setting to become positive citizens creating a stronger connection with life in the finger lakes.

501(c)(3) charity; gifts are tax-deductible.
68¢ of each $1 spent went to programs.
$45K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $72K a year · 16% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
68%
of spending
Fine: 68% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$45K
to officers and key staff · 11% of spending
Top officer’s pay lower than 65% of similar orgs
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
14 mo
of spending, in cash
Plus $761K in investments, Pt X · Ln 11–13
Looks good: 13.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $14K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$8K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$410K
-2% vs prior year
Spent
$417K
To programs
68%
Net assets
$2.5M
By yearFY2020–FY2024
Revenue
$410K
FY2024▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2020$327K
FY2021$510K
FY2022$549K
FY2023$419K
FY2024$410K
Expenses
$417K
FY2024▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2020$307K
FY2021$363K
FY2022$370K
FY2023$397K
FY2024$417K
Net assets
$2.5M
FY2024▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.1M
FY2021$2.3M
FY2022$2.3M
FY2023$2.4M
FY2024$2.5M

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1951.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

68 cents of each dollar spent went to programs.

Program services 68% · $286K Management & general 20% · $83K Fundraising 12% · $49K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990; $45K paid to officers and key staff.

Part VII, Section A · reportable compensation
Cynthia Park
Executive Director
$44,968Pt VII · Sec A
James Hughes
Vice President
$0Pt VII · Sec A
Lynn Patti
Secretary
$0Pt VII · Sec A
Kathy Chase
Treasurer
$0Pt VII · Sec A
Karen Burcroff
Board Member
$0Pt VII · Sec A
Coreen Lowry
President
$0Pt VII · Sec A
Duke Argetsinger
Board Member
$0Pt VII · Sec A
Aj Trahms
Board Member
$0Pt VII · Sec A

Cynthia Park’s $45K as Executive Director is at the 35th percentile of top reported officer pay among 1612 $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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Cynthia Park$44,968$42,834$40,936$40,908$41,278

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.

See Waterloo Library & Historical Society executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers library services and historical experiences, educating on veterans' service and local life.

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Provided by the organization

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1 program · $286K · in their own filed words · FY2024
01

Waterloo library and historical society provides patrons of all ages an integrative, full service library and historical experience. As the birthplace of memorial day we strive to educate on the founding and the SERVICE/SACRIFICE of all of america's veterans.

$286Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Finger Lakes Library SystemsFY2024$6K
Nelson B Delavan Found Part a Xxxxx9000FY2024$5K
Bonafiglia Foundation INCFY2024$3K
Total grants receivedfrom 3 funders$14K
See all 3 funders →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$410K
Ln 12
Fees for servicesLn 2g$320K
Gifts and grantsLn 1h$80K
Other incomeLn 4–11$7K
Money outPt IX
$417K
Ln 25
Programscol B$286K
Managementcol C$83K
Fundraisingcol D$49K
Owns and owesPt X
$2.5M
net assets · Ln 32
Cash and savingsLn 1–2$476K
Total assetsLn 16$2.5M
LiabilitiesLn 26$8K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$80K
Government grantsLn 1e$25K
Fees for servicesLn 2g$320K
Investment incomeLn 3$2K
Other incomeLn 4–11$7K
Total revenueLn 12$410K
Assets in detailPt X, end of year
CashLn 1$117K
SavingsLn 2$358K
Cash and savings togetherLn 1–2$476K
InvestmentsLn 11–13$761K
Land, buildings, equipmentLn 10c$1.1M
Other assetsLn 15$5K
Total assetsLn 16$2.5M
LiabilitiesLn 26$8K
Net assetsLn 32$2.5M
OperationsPt I, VI
EmployeesI 510
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$757K$476K
InvestmentsLn 11–13$706K$761K
Land, buildings, equipmentLn 10c$1.1M$1.1M
Total assetsLn 16$2.6M$2.5M
LiabilitiesLn 26$163K$8K
Net assetsLn 32$2.4M$2.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$66K$2K$33K$31K
Other salaries and wagesLn 7$118K$87K$22K$10K
Other employee benefitsLn 9$3K$102$2K$2K
Payroll taxesLn 10$19K$8K$7K$4K
Legal feesLn 11b$550$165$385
Accounting feesLn 11c$10K$3K$7K
Other fees for servicesLn 11g$2K$2K$143
Advertising and promotionLn 12$1K$532$445$260
Office expensesLn 13$18K$13K$4K$2K
OccupancyLn 16$31K$29K$2K
Conferences, conventions and meetingsLn 19$203$87$73$43
Depreciation, depletion and amortizationLn 22$59K$55K$4K
InsuranceLn 23$22K$21K$2K
Other expenses (24a–d)Ln 24$66K$66K
Total functional expensesLn 25$417K$286K$83K$49K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $410K$417K−$8K$2.5M 990 PDF
FY2023 $419K$397K$22K$2.4M 990 PDF
FY2022 $549K$370K$179K$2.3M 990 PDF
FY2021 $510K$363K$147K$2.3M 990 PDF
FY2020 $327K$307K$21K$2.1M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $409,686 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $64,037$80,455
I-9 Program service revenuePrior year $315,002$319,906
I-10 Investment incomePrior year $969$2,050
I-11 Other revenuePrior year $38,506$7,275
I-12 Total revenuePrior year $418,514$409,686
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $196,684$206,501
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $200,106$210,788
I-18 Total expensesPrior year $396,790$417,289
I-19 Revenue less expensesPrior year $21,724−$7,603
Part VI · Governance 9 of 9 board members independent, 2 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $409,686 across 8 lines filed
Lines not itemized here account for $1,422 of total revenue; see the IRS return.
VIII-1e Government grants$25,000
VIII-1f All other contributions, gifts and grants$55,455
VIII-1h Total contributions, gifts and grants$80,455
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $319,906$319,906
VIII-3 Investment incomeRelated to mission $2,050$2,050
VIII-8 Net income from fundraising eventsExcluded from tax $2,371$2,371
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,482$3,482
VIII-12 Total revenueRelated to mission $326,860 · Unrelated business $0 · Excluded from tax $2,371$409,686
Part IX · Statement of functional expenses $417,289 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $1,984 · Management $33,068 · Fundraising $31,084$66,136
IX-7 Other salaries and wagesPrograms $86,626 · Management $22,127 · Fundraising $9,681$118,434
IX-9 Other employee benefitsPrograms $102 · Management $1,696 · Fundraising $1,594$3,392
IX-10 Payroll taxesPrograms $7,972 · Management $6,674 · Fundraising $3,893$18,539
IX-11b Legal feesPrograms $165 · Management $385$550
IX-11c Accounting feesPrograms $2,906 · Management $6,782$9,688
IX-11g Other fees for servicesPrograms $1,902 · Management $143$2,045
IX-12 Advertising and promotionPrograms $532 · Management $445 · Fundraising $260$1,237
IX-13 Office expensesPrograms $12,551 · Management $3,735 · Fundraising $2,179$18,465
IX-16 OccupancyPrograms $28,831 · Management $2,170$31,001
IX-19 Conferences, conventions and meetingsPrograms $87 · Management $73 · Fundraising $43$203
IX-22 Depreciation, depletion and amortizationPrograms $55,220 · Management $4,156$59,376
IX-23 InsurancePrograms $20,536 · Management $1,546$22,082
IX-24 Other expenses (24a–d)Programs $66,141$66,141
IX-25 Total functional expensesPrograms $285,555 · Management $83,000 · Fundraising $48,734$417,289
Part X · Balance sheet $2,491,095 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $405,412$117,222
X-2 Savings and temporary cash investmentsStart of year $351,460$358,411
X-3 Pledges and grants receivableStart of year $0$157,619
X-9 Prepaid expenses and deferred chargesStart of year $16,168$20,956
X-10c Land, buildings and equipment, netStart of year $1,114,755$1,070,915
X-11 Publicly traded securitiesStart of year $706,295$761,456
X-15 Other assetsStart of year $4,516$4,516
X-16 Total assetsStart of year $2,598,606$2,491,095
X-17 Accounts payable and accrued expensesStart of year $14,953$8,250
X-19 Deferred revenueStart of year $148,366$0
X-26 Total liabilitiesStart of year $163,319$8,250
X-27 Net assets without donor restrictionsStart of year $2,239,209$2,285,447
X-28 Net assets with donor restrictionsStart of year $196,078$197,398
X-32 Total net assets or fund balancesStart of year $2,435,287$2,482,845
X-33 Total liabilities and net assetsStart of year $2,598,606$2,491,095
Part XI · Reconciliation of net assets $2,482,845 net assets at year end
XI-1 Total revenue$409,686
XI-2 Total expenses$417,289
XI-3 Revenue less expenses−$7,603
XI-4 Net assets at start of year$2,435,287
XI-5 Net unrealized gains (losses) on investments$55,161
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,482,845

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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