Cuba Circulating Library Assoc EIN 16-0769643

Cuba Circulating Library Assoc FY2020 filing

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Cuba Circulating Library Assoc is an education nonprofit based in Cuba, NY. For fiscal year 2020 it reported $258K in revenue, $263K in expenses, and $1.5M in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Cuba, NY
Filings
6 on file (2020–2020)
Revenue
$258KFY2020
Expenses
$263K
Net assets
$1.5M
People
13
Filings
6
Updates
0
More identity details & actions ⌄
EIN  16-0769643 Public charity (501(c)(3)) Cuba, NY
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
an education nonprofit
Leadership
Faith Stewart · President
Money in and out
$258K revenue, $263K expenses
Bottom line
53% program efficiency
Where the money goes · FY2020
Total revenue
$258K
Pt VIII · Ln 12
Total expenses
$263K
Pt IX · Ln 25
Net assets
$1.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$5K
Where spending went · Part IX cols B–D
Program services $0.53 Management & general $0.47
Program efficiency
53%
of spending reaches programs
Operating runway
49.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
-2%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$258K
FY2020
Expenses
$263K
FY2020
Total assets
$1.5M
FY2020
Total liabilities
$28K
FY2020
Total revenue
$258K
Pt VIII · Ln 12
Total expenses
$263K
Pt IX · Ln 25
Net assets
$1.5M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$5K
Total assetsPt X · Ln 16$1.5M
Program-expense ratioPt IX · col B53%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

1 program service account for $141K of program spending, described in the organization's own filed words · FY2020.
01

Public Library

$141Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCuba Circulating Library Assoc
EINHdr · item D16-0769643
Principal addressHdr · item CCuba, NY
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B71Z)
Ruling yearIRS BMFMay 1945

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
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
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Tina Dalton’s $62K as Director is at the 55th 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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Tina Dalton$62,350$56,751$52,447$47,762$51,800

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$203K · 78%
Investment income$48K · 19%
Program service revenue$7K · 3%
Contributions & grants78%$203K
Investment income19%$48K
Program service revenue3%$7K
— government grantsLn 1e$6K
Total revenueLn 12$258K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.53 Management & general $0.47
Program services53%$141K
Management & general47%$122K
Total functional expensesLn 25$263K

Balance Sheet

Part X · end of year
CashLn 1$149K
Total assetsLn 16$1.5M
Total liabilitiesLn 26$28K
Total net assetsLn 32$1.5M
Months of cash on handcomputed6.8

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.1M · Operating expenses/yr $263K
49.5 months
Where the money goes
Program services
Program services $141K · Total expenses $263K
53%
Management & General
Management & general $122K · Total expenses $263K
47%
Fundraising
Fundraising $0 · Total expenses $263K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $197K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $203K · Total revenue $258K
78%
Government reliance
Government grants $6K · Total revenue $258K
2%
Earned-income share
Program service revenue $7K · Total revenue $258K
3%
Investment reliance
Investment income $48K · Total revenue $258K
+19%
Program self-sufficiency
Program service revenue $7K · Total expenses $263K
3%
Growth & trend
Revenue growth (YoY)
This year $258K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $1.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $258K · Expenses $263K
-2%
Liabilities-to-Assets
Total liabilities — · Total assets $1.5M
Net-asset ratio
Net assets $1.5M · Total assets $1.5M
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $935K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.5M
63%
People & payroll
Highest Reported Total Compensation
Individual Faith Stewart · Reported title President · Highest reported compensation $0 · Total expenses $263K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $136K · Total expenses $263K
52%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 53%
Overhead ratio 47%
Fundraising cost ratio 0%
Investment management fee ratio <0.01%
Accounting fee ratio 2%

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 · FY2024
Total grants receivedfrom 2 funders$16K

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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
FY2025 (Latest)$505K revenue · ⤓ 990 PDF
FY2024$566K revenue · ⤓ 990 PDF
FY2023$502K revenue · ⤓ 990 PDF
FY2022$350K revenue · ⤓ 990 PDF
FY2021$375K revenue · ⤓ 990 PDF
FY2020$258K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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