To provide patrons of all ages with a friendly atmosphere for access to various categories of multimedia materials and Library services.

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
Run by 3 volunteers and 5 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

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
1 of 5
filings with a surplus
Average deficit $39K a year · 28% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$44K
to officers and key staff · 24% of spending
Worth a look: pay to officers and key staff is 24% of spending; over 20%.
Pt VII · Sec A
1 mo
of spending, in cash
Plus $488K in investments, Pt X · Ln 11–13
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2K
0.4% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$151K
+244% vs prior year
Spent
$183K
To programs
70%
Net assets
$501K
By yearFY2020–FY2024
Revenue
$151K
FY2024▲ +244%
Tap a bar for its year
Revenue by fiscal year
FY2020$113K
FY2021$305K
FY2022$71K
FY2023$44K
FY2024$151K
Expenses
$183K
FY2024▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2020$160K
FY2021$173K
FY2022$198K
FY2023$162K
FY2024$183K
Net assets
$501K
FY2024▼ -13%
Tap a bar for its year
Net assets by fiscal year
FY2020$753K
FY2021$871K
FY2022$611K
FY2023$574K
FY2024$501K

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1979.

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $128K Management & general 28% · $52K Fundraising 1% · $2K

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

Something off? Claim to add context

Who runs it and what they're paid

7 people listed on the 990; $44K paid to officers and key staff.

Part VII, Section A · reportable compensation
$44,495Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Rebecca Grace’s $44K as 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2020
Chris Brewster———$49,712
Rebecca Grace$44,495$41,102$33,741—

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 Waverly Free Library executive salaries →

On this list? Claim this org

Something off? Claim to add context

Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers friendly access to diverse multimedia and library services for all ages.

Questions for Waverly Free Library

Tap to ask. Waverly Free Library sees how many people are interested.

Your first name shows with your question. Waverly Free Library answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $128K · in their own filed words · FY2024
01

General library services

$128Kprogram 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$5K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$151K
Ln 12
Investment incomeLn 3$79K
Gifts and grantsLn 1h$70K
Fees for servicesLn 2g$2K
Money outPt IX
$183K
Ln 25
Programscol B$128K
Managementcol C$52K
Fundraisingcol D$2K
Owns and owesPt X
$501K
net assets · Ln 32
Cash and savingsLn 1–2$15K
Total assetsLn 16$503K
LiabilitiesLn 26$2K
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$70K
Government grantsLn 1e$39K
Fees for servicesLn 2g$2K
Investment incomeLn 3$79K
Other incomeLn 4–11$123
Gains on assetsLn 7$46K
Total revenueLn 12$151K
Assets in detailPt X, end of year
CashLn 1$15K
Cash and savings togetherLn 1–2$15K
InvestmentsLn 11–13$488K
Total assetsLn 16$503K
LiabilitiesLn 26$2K
Net assetsLn 32$501K
OperationsPt I, VI
EmployeesI 55
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
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$10K$15K
InvestmentsLn 11–13$566K$488K
Total assetsLn 16$576K$503K
LiabilitiesLn 26$1K$2K
Net assetsLn 32$574K$501K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$92K$80K$10K$2K
Payroll taxesLn 10$10K$8K$1K$230
Legal feesLn 11b$26K$0$26K$0
Investment management feesLn 11f$5K$0$5K$0
Office expensesLn 13$4K$0$4K$0
Information technologyLn 14$894$894$0$0
OccupancyLn 16$9K$8K$937$0
Conferences, conventions and meetingsLn 19$212$212$0$0
InsuranceLn 23$5K$287$5K$8
Other expenses (24a–d)Ln 24$30K$30K$0$0
Total functional expensesLn 25$183K$128K$52K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $151K$183K−$32K$501K 990 PDF
FY2023 $44K$162K−$118K$574K 990 PDF
FY2022 $71K$198K−$128K$611K 990 PDF
FY2021 $305K$173K$132K$871K 990 PDF
FY2020 $113K$160K−$47K$753K 990 PDF

More to add? Claim this org

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 $150,719 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $57,195$69,552
I-9 Program service revenuePrior year $1,938$2,486
I-10 Investment incomePrior year −$15,339$78,558
I-11 Other revenuePrior year $32$123
I-12 Total revenuePrior year $43,826$150,719
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $83,239$101,459
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $78,828$81,126
I-18 Total expensesPrior year $162,067$182,585
I-19 Revenue less expensesPrior year −$118,241−$31,866
Part VI · Governance 6 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsYes
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $150,719 across 8 lines filed
VIII-1e Government grants$39,249
VIII-1f All other contributions, gifts and grants$30,303
VIII-1h Total contributions, gifts and grants$69,552
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$2,486
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $32,598$32,598
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $45,960$45,960
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $123 · Unrelated business $0 · Excluded from tax $0$123
VIII-12 Total revenueRelated to mission $2,609 · Unrelated business $0 · Excluded from tax $78,558$150,719
Part IX · Statement of functional expenses $182,585 across 10 lines filed
IX-7 Other salaries and wagesPrograms $79,608 · Management $10,038 · Fundraising $2,225$91,871
IX-10 Payroll taxesPrograms $8,313 · Management $1,045 · Fundraising $230$9,588
IX-11b Legal feesPrograms $0 · Management $25,898 · Fundraising $0$25,898
IX-11f Investment management feesPrograms $0 · Management $5,279 · Fundraising $0$5,279
IX-13 Office expensesPrograms $0 · Management $3,847 · Fundraising $0$3,847
IX-14 Information technologyPrograms $894 · Management $0 · Fundraising $0$894
IX-16 OccupancyPrograms $8,433 · Management $937 · Fundraising $0$9,370
IX-19 Conferences, conventions and meetingsPrograms $212 · Management $0 · Fundraising $0$212
IX-23 InsurancePrograms $287 · Management $4,989 · Fundraising $8$5,284
IX-24 Other expenses (24a–d)Programs $30,342 · Management $0 · Fundraising $0$30,342
IX-25 Total functional expensesPrograms $128,089 · Management $52,033 · Fundraising $2,463$182,585
Part X · Balance sheet $503,099 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $9,548$14,796
X-11 Publicly traded securitiesStart of year $566,018$488,303
X-16 Total assetsStart of year $575,566$503,099
X-17 Accounts payable and accrued expensesStart of year $1,459$1,851
X-26 Total liabilitiesStart of year $1,459$1,851
X-27 Net assets without donor restrictionsStart of year $574,107$501,248
X-32 Total net assets or fund balancesStart of year $574,107$501,248
X-33 Total liabilities and net assetsStart of year $575,566$503,099
Part XI · Reconciliation of net assets $501,248 net assets at year end
XI-1 Total revenue$150,719
XI-2 Total expenses$182,585
XI-3 Revenue less expenses−$31,866
XI-4 Net assets at start of year$574,107
XI-5 Net unrealized gains (losses) on investments−$40,993
XI-10 Net assets at end of year$501,248

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.