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Saranac Lake Free Library

Tax-deductible

Saranac Lake, NY501(c)(3)Since 1907Education EIN 15-0539121Revenue $822K in FY2025

On file with the IRSslfl.org109 Main St, 12983-1726 · Saranac Lake, NYTax-exempt since Jun 1943Publicly supported charity — 170(b)(1)(A)(vi)

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To provide educatioal and information services traditional to a community Library to residents of the greater Saranac Lake region.

501(c)(3) charity; gifts are tax-deductible.
67¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $177K a year · 26% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
14 mo
of spending, in cash
Plus $1.5M 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
2
named funders · $10K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$36K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$822K
+2% vs prior year
Spent
$611K
To programs
67%
Net assets
$3.0M
By yearFY2020–FY2025
Revenue
$822K
FY2025▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2020$527K
FY2021$575K
FY2022$585K
FY2023$781K
FY2024$807K
FY2025$822K
Expenses
$611K
FY2025▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$432K
FY2021$424K
FY2022$495K
FY2023$511K
FY2024$565K
FY2025$611K
Net assets
$3.0M
FY2025▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.2M
FY2021$2.3M
FY2022$2.1M
FY2023$2.5M
FY2024$2.8M
FY2025$3.0M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1943.

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

Where the money goes

67 cents of each dollar spent went to programs.

Program services 67% · $406K Management & general 33% · $204K

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

13 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Saranac Lake Free Library 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 15aNo

Programs and updates

Offers educational and information services to the community.

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Provided by the organization

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1 program · $406K · in their own filed words · FY2025
01

Educational and information services

$406Kprogram 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
Barrie a & Deedee Wigmore FoundationFY2024$10K
Cloudslitter FoundationFY2024$500
Total grants receivedfrom 2 funders$10K

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$822K
Ln 12
Gifts and grantsLn 1h$647K
Investment incomeLn 3$162K
Other incomeLn 4–11$10K
Money outPt IX
$611K
Ln 25
Programscol B$406K
Managementcol C$204K
Owns and owesPt X
$3.0M
net assets · Ln 32
Cash and savingsLn 1–2$699K
Total assetsLn 16$3.1M
LiabilitiesLn 26$36K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$647K
Government grantsLn 1e$565K
Fees for servicesLn 2g$2K
Investment incomeLn 3$162K
Other incomeLn 4–11$10K
Gains on assetsLn 7$118K
Total revenueLn 12$822K
Assets in detailPt X, end of year
CashLn 1$24K
SavingsLn 2$675K
Cash and savings togetherLn 1–2$699K
InvestmentsLn 11–13$1.5M
Land, buildings, equipmentLn 10c$890K
Total assetsLn 16$3.1M
LiabilitiesLn 26$36K
Net assetsLn 32$3.0M
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 FY25End FY25
Cash and savingsLn 1–2$681K$699K
InvestmentsLn 11–13$1.3M$1.5M
Land, buildings, equipmentLn 10c$830K$890K
Total assetsLn 16$2.8M$3.1M
LiabilitiesLn 26$2K$36K
Net assetsLn 32$2.8M$3.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$105$105
Other salaries and wagesLn 7$328K$235K$93K
Other employee benefitsLn 9$38K$38K
Payroll taxesLn 10$27K$27K
Accounting feesLn 11c$3K$3K
Investment management feesLn 11f$10K$10K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$11K$3K$8K
Information technologyLn 14$10K$5K$4K
OccupancyLn 16$42K$42K
Conferences, conventions and meetingsLn 19$606$606
Depreciation, depletion and amortizationLn 22$40K$40K
InsuranceLn 23$16K$16K
Other expenses (24a–d)Ln 24$80K$78K$2K
All other expensesLn 24e$3K$2K$1K
Total functional expensesLn 25$611K$406K$204K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $822K$611K$211K$3.0M 990 PDF
FY2024 $807K$565K$242K$2.8M 990 PDF
FY2023 $781K$511K$270K$2.5M 990 PDF
FY2022 $585K$495K$90K$2.1M 990 PDF
FY2021 $575K$424K$150K$2.3M 990 PDF
FY2020 $527K$432K$95K$2.2M 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 FY2025 990 (6 parts)
Part I · Summary $821,920 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $711,829$646,958
I-9 Program service revenuePrior year $3,571$2,126
I-10 Investment incomePrior year $81,430$162,445
I-11 Other revenuePrior year $10,596$10,391
I-12 Total revenuePrior year $807,426$821,920
I-13 Grants and similar amounts paid$105
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $356,816$393,342
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $208,181$217,175
I-18 Total expensesPrior year $564,997$610,622
I-19 Revenue less expensesPrior year $242,429$211,298
Part VI · Governance 13 of 13 board members independent, 3 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $821,920 across 9 lines filed
VIII-1b Membership dues$28,518
VIII-1e Government grants$565,048
VIII-1f All other contributions, gifts and grants$53,392
VIII-1h Total contributions, gifts and grants$646,958
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,126$2,126
VIII-3 Investment incomeRelated to mission $44,539$44,539
VIII-7 Net gain or loss on sales of assetsRelated to mission $117,906$117,906
VIII-8 Net income from fundraising eventsExcluded from tax $10,391$10,391
VIII-12 Total revenueRelated to mission $164,571 · Excluded from tax $10,391$821,920
Part IX · Statement of functional expenses $610,622 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $105$105
IX-7 Other salaries and wagesPrograms $235,308 · Management $93,093$328,401
IX-9 Other employee benefitsManagement $38,440$38,440
IX-10 Payroll taxesManagement $26,501$26,501
IX-11c Accounting feesManagement $3,013$3,013
IX-11f Investment management feesManagement $10,478$10,478
IX-12 Advertising and promotionManagement $1,040$1,040
IX-13 Office expensesPrograms $2,985 · Management $7,845$10,830
IX-14 Information technologyPrograms $5,335 · Management $4,208$9,543
IX-16 OccupancyPrograms $42,181$42,181
IX-19 Conferences, conventions and meetingsManagement $606$606
IX-22 Depreciation, depletion and amortizationPrograms $40,472$40,472
IX-23 InsuranceManagement $15,957$15,957
IX-24 Other expenses (24a–d)Programs $78,092 · Management $2,006$80,098
IX-24e All other expensesPrograms $1,699 · Management $1,258$2,957
IX-25 Total functional expensesPrograms $406,177 · Management $204,445 · Fundraising $0$610,622
Part X · Balance sheet $3,072,799 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $58,919$24,059
X-2 Savings and temporary cash investmentsStart of year $622,304$674,929
X-10c Land, buildings and equipment, netStart of year $829,836$890,226
X-11 Publicly traded securitiesStart of year $1,252,159$1,483,585
X-16 Total assetsStart of year $2,763,218$3,072,799
X-17 Accounts payable and accrued expensesStart of year $2,062$35,804
X-26 Total liabilitiesStart of year $2,062$35,804
X-27 Net assets without donor restrictionsStart of year $2,249,261$2,504,624
X-28 Net assets with donor restrictionsStart of year $511,895$532,371
X-32 Total net assets or fund balancesStart of year $2,761,156$3,036,995
X-33 Total liabilities and net assetsStart of year $2,763,218$3,072,799
Part XI · Reconciliation of net assets $3,036,995 net assets at year end
XI-1 Total revenue$821,920
XI-2 Total expenses$610,622
XI-3 Revenue less expenses$211,298
XI-4 Net assets at start of year$2,761,156
XI-5 Net unrealized gains (losses) on investments$64,541
XI-10 Net assets at end of year$3,036,995

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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