Myers Memorial Library EIN 16-0755801

Myers Memorial Library

EIN  16-0755801 Public charity (501(c)(3)) Frewsburg, NY
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Encourages lifelong learning and enjoyment through recreational reading and research.
Leadership
Izabela Nowak · Director · $32K
Money in and out
$121K revenue, $105K expenses
Bottom line
26% program efficiency

Encourages lifelong learning and enjoyment through recreational reading and research. For fiscal year 2024 it reported $121K in revenue, $105K in expenses, and $826K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$121K
Pt VIII · Ln 12
Total expenses
$105K
Pt IX · Ln 25
Net assets
$826K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $16K
Where spending went · Part IX cols B–D
Program services $0.26 Management & general $0.74
Program efficiency
26%
of spending reaches programs▲ +49% vs prior filing year
Operating runway
63.1mo
months of highly liquid reserves at operating expense rate▲ +27% vs prior filing year
Surplus margin
+13%
revenue over expenses, this year▲ +198% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$121K
FY2024▼ -10%
Expenses
$105K
FY2024▼ -18%
Total assets
$826K
FY2024▼ -30%
Total liabilities
$0
FY2024
Total revenue
$121K
Pt VIII · Ln 12
Total expenses
$105K
Pt IX · Ln 25
Net assets
$826K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$16K
Total assetsPt X · Ln 16$826K
Program-expense ratioPt IX · col B26%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

3 program services account for $16K of program spending, described in the organization's own filed words · FY2024.
01

Purchased books including audio recordings, videos, and periodicals for free lending to the public. Circulation: 20375, Patron visits: 11833

$14Kprogram expense
02

Provide computer workstations for public use. Computer patron visits: 3900

$2Kprogram expense
03

Copier/fax machine available for public use.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMyers Memorial Library
EINHdr · item D16-0755801
Principal addressHdr · item CFrewsburg, NY
WebsiteHdr · item Jwww.myersmemoriallibrary.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 BMFJan 1952

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$32,448Pt VII · Sec A
$6,148Pt VII · Sec A
$5,918Pt VII · Sec A
$5,534Pt VII · Sec A
$1,135Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A

Izabela Nowak’s $32K as Director is at the 25th 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 · 6 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Izabela Nowak$32,448$31,200$30,000$26,673$25,675
Jessica Jester$2,369$9,693$12,558
Rachel Roushey$6,148$12,031$11,536$7,675$4,946
Lydia Sadowski$5,918
Amanda Bajdo$5,534$420
Jessica Rogers$1,135$2,523

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
Contributions & grants$62K · 51%
Investment income$53K · 44%
Program service revenue$5K · 4%
Other revenue$958 · 1%
Contributions & grants51%$62K
Investment income44%$53K
Program service revenue4%$5K
Other revenue1%$958
Total revenueLn 12$121K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.26 Management & general $0.74
Program services26%$27K
Management & general74%$78K
Total functional expensesLn 25$105K

Balance Sheet

Part X · end of year
CashLn 1$18K
Total assetsLn 16$826K
Total liabilitiesLn 26$0
Total net assetsLn 32$826K
Months of cash on handcomputed2.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $550K · Operating expenses/yr $105K
63.1 months
Where the money goes
Program services
Program services $27K · Total expenses $105K
26%
Management & General
Management & general $78K · Total expenses $105K
74%
Fundraising
Fundraising $0 · Total expenses $105K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $63K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $62K · Total revenue $121K
51%
Government reliance
Government grants $0 · Total revenue $121K
0%
Earned-income share
Program service revenue $5K · Total revenue $121K
4%
Investment reliance
Investment income $53K · Total revenue $121K
+44%
Program self-sufficiency
Program service revenue $5K · Total expenses $105K
5%
Growth & trend
Revenue growth (YoY)
This year $121K · Prior year $134K
-10%
Revenue CAGR
FY2020 $85K · FY2024 $121K
+9%
Net-asset trend (YoY)
End of year $826K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $121K · Expenses $105K
+13%
Liabilities-to-Assets
Total liabilities — · Total assets $826K
Net-asset ratio
Net assets $826K · Total assets $826K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $532K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $826K
64%
People & payroll
Highest Reported Total Compensation
Individual Izabela Nowak · Reported title Director · Highest reported compensation $32K · Total expenses $105K
31%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $56K · Total expenses $105K
53%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 26%
Overhead ratio 74%
Fundraising cost ratio 0%
Revenue growth -10%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

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 · FY2025
Total grants receivedfrom 1 funder$5K

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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
FY2024 (Latest)$121K revenue · viewing · ⤓ 990 PDF
FY2023$134K revenue · ⤓ 990 PDF
FY2022$163K revenue · ⤓ 990 PDF
FY2021$218K revenue · ⤓ 990 PDF
FY2020$85K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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