Macsherry Library FY2020 filing

Tax-deductible

Alex Bay, NY501(c)(3)EducationEIN 15-0566329Revenue $116K in FY2020

On file with the IRSmacsherrylibrary.org112 Walton St, 13607-1203 · Alex Bay, NYTax-exempt since Sep 1955Publicly supported charity — 170(b)(1)(A)(vi)

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The organization is a public association Library serving the village of alexandria bay and surrounding areas with books, a/v, programs, meeting space, and free public internet service.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
$25K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
3 of 5
filings with a surplus
Average surplus $15K a year · 8% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$25K
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4K
0.4% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$116K
Spent
$159K
To programs
88%
Net assets
$1.2M
By yearFY2020–FY2024
Revenue
$116K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$116K
FY2021$165K
FY2022$173K
FY2023$187K
FY2024$262K
Expenses
$159K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$159K
FY2021$143K
FY2022$174K
FY2023$169K
FY2024$182K
Net assets
$1.2M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.2M
FY2021$1.3M
FY2022$1.2M
FY2023$1.2M
FY2024$1.3M

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1955.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $140K Management & general 12% · $19K

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

9 people listed on the 990; $25K paid to officers and key staff.

Part VII, Section A · reportable compensation
Library Dire
$25,208Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Ceclia Cunningham’s $26K as Library Dire is at the 19th percentile of top reported officer pay among 1613 $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

NameFY2023FY2022FY2021FY2020
Ceclia Cunningham$25,675$23,837——
Cecelia Cunningham——$19,384$25,208

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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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

Provides books, programs, and internet access to the Alexandria Bay community.

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Provided by the organization

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1 program · $140K · in their own filed words · FY2020
01

The library circulates materials totaling 20,425 annually, provides internet access for over 18,200 visitors, and provides extensive programming for adults and children.

$140Kprogram 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
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$116K
Ln 12
Gifts and grantsLn 1h$96K
Investment incomeLn 3$11K
Fees for servicesLn 2g$6K
Money outPt IX
$159K
Ln 25
Programscol B$140K
Managementcol C$19K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$76K
Total assetsLn 16$1.2M
LiabilitiesLn 26$4K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$96K
Government grantsLn 1e$72K
Fees for servicesLn 2g$6K
Investment incomeLn 3$11K
Other incomeLn 4–11$2K
Gains on assetsLn 7−$5K
Total revenueLn 12$116K
Assets in detailPt X, end of year
CashLn 1$51K
SavingsLn 2$25K
Cash and savings togetherLn 1–2$76K
InvestmentsLn 11–13$736K
Land, buildings, equipmentLn 10c$378K
Total assetsLn 16$1.2M
LiabilitiesLn 26$4K
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 54
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$78K$76K
InvestmentsLn 11–13$717K$736K
Land, buildings, equipmentLn 10c$398K$378K
Total assetsLn 16$1.2M$1.2M
LiabilitiesLn 26$6K$4K
Net assetsLn 32$1.2M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$25K$25K
Other salaries and wagesLn 7$47K$47K
Payroll taxesLn 10$7K$7K
Accounting feesLn 11c$3K$3K
Investment management feesLn 11f$13K$13K
Advertising and promotionLn 12$413$413
Office expensesLn 13$658$658
OccupancyLn 16$7K$7K
Conferences, conventions and meetingsLn 19$30$30
Depreciation, depletion and amortizationLn 22$20K$20K
InsuranceLn 23$10K$7K$4K
Other expenses (24a–d)Ln 24$23K$23K
All other expensesLn 24e$2K$2K$234
Total functional expensesLn 25$159K$140K$19K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $262K$182K$80K$1.3M 990 PDF
FY2023 $187K$169K$18K$1.2M 990 PDF
FY2022 $173K$174K−$1K$1.2M 990 PDF
FY2021 $165K$143K$21K$1.3M 990 PDF
FY2020 Viewing $116K$159K−$43K$1.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $115,769 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $102,672$96,407
I-9 Program service revenuePrior year $11,887$6,158
I-10 Investment incomePrior year $21,274$11,282
I-11 Other revenuePrior year $9,654$1,922
I-12 Total revenuePrior year $145,487$115,769
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $86,886$79,028
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $85,066$79,876
I-18 Total expensesPrior year $171,952$158,904
I-19 Revenue less expensesPrior year −$26,465−$43,135
Part VI · Governance 8 of 8 board members independent, 2 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-13 Written whistleblower 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
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $115,769 across 9 lines filed
VIII-1e Government grants$72,059
VIII-1f All other contributions, gifts and grants$24,348
VIII-1h Total contributions, gifts and grants$96,407
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $6,158$6,158
VIII-3 Investment incomeExcluded from tax $16,368$16,368
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$5,086−$5,086
VIII-8 Net income from fundraising eventsExcluded from tax −$945−$945
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,867$2,867
VIII-12 Total revenueRelated to mission $9,025 · Excluded from tax $10,337$115,769
Part IX · Statement of functional expenses $158,904 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $25,208$25,208
IX-7 Other salaries and wagesPrograms $47,289$47,289
IX-10 Payroll taxesPrograms $6,531$6,531
IX-11c Accounting feesManagement $2,900$2,900
IX-11f Investment management feesManagement $12,635$12,635
IX-12 Advertising and promotionPrograms $413$413
IX-13 Office expensesPrograms $658$658
IX-16 OccupancyPrograms $7,497$7,497
IX-19 Conferences, conventions and meetingsManagement $30$30
IX-22 Depreciation, depletion and amortizationPrograms $20,174$20,174
IX-23 InsurancePrograms $6,552 · Management $3,598$10,150
IX-24 Other expenses (24a–d)Programs $23,034$23,034
IX-24e All other expensesPrograms $2,151 · Management $234$2,385
IX-25 Total functional expensesPrograms $139,507 · Management $19,397 · Fundraising $0$158,904
Part X · Balance sheet $1,190,675 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $51,959$50,763
X-2 Savings and temporary cash investmentsStart of year $25,568$25,356
X-10c Land, buildings and equipment, netStart of year $398,384$378,210
X-11 Publicly traded securitiesStart of year $716,819$736,346
X-16 Total assetsStart of year $1,192,730$1,190,675
X-25 Other liabilitiesStart of year $5,888$4,343
X-26 Total liabilitiesStart of year $5,888$4,343
X-27 Net assets without donor restrictionsStart of year $1,115,934$1,115,424
X-28 Net assets with donor restrictionsStart of year $70,908$70,908
X-32 Total net assets or fund balancesStart of year $1,186,842$1,186,332
X-33 Total liabilities and net assetsStart of year $1,192,730$1,190,675
Part XI · Reconciliation of net assets $1,186,332 net assets at year end
XI-1 Total revenue$115,769
XI-2 Total expenses$158,904
XI-3 Revenue less expenses−$43,135
XI-4 Net assets at start of year$1,186,842
XI-5 Net unrealized gains (losses) on investments$42,625
XI-10 Net assets at end of year$1,186,332

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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