Stamford Library FY2021 filing

Tax-deductible

Stamford, NY501(c)(3)EIN 16-1059867Revenue $474K in FY2021

On file with the IRS117 Main St, 12167-1159 · Stamford, NYTax-exempt since Sep 1991Publicly supported charity — 170(b)(1)(A)(vi)

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To make books, publications and electronic materials available to the public

501(c)(3) charity; gifts are tax-deductible.
73¢ 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

FY2021 · 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
4 of 5
filings with a surplus
Average surplus $205K a year · 54% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$25K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 8.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $1K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2K
0.05% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$474K
+214% vs prior year
Spent
$150K
To programs
73%
Net assets
$3.4M
By yearFY2020–FY2024
Revenue
$474K
FY2021▲ +214%
Tap a bar for its year
Revenue by fiscal year
FY2020$151K
FY2021$474K
FY2022$197K
FY2023$166K
FY2024$897K
Expenses
$150K
FY2021▲ +21%
Tap a bar for its year
Expenses by fiscal year
FY2020$125K
FY2021$150K
FY2022$178K
FY2023$197K
FY2024$209K
Net assets
$3.4M
FY2021▲ +75%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.9M
FY2021$3.4M
FY2022$2.8M
FY2023$3.0M
FY2024$4.0M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2021 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 1991.

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

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $109K Management & general 27% · $41K

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

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

Part VII, Section A · reportable compensation
Director
$24,951Pt VII · Sec A
Board President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Erica Eklund$45,955$43,345$42,231$24,951$25,643

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 public access to books, publications, and electronic materials.

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Provided by the organization

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1 program · $109K · in their own filed words · FY2021
01

To provide reading material, electronic, magazines to the public.

$109Kprogram 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 · FY2023
Total grants receivedfrom 2 funders$1K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$474K
Ln 12
Investment incomeLn 3$392K
Fees for servicesLn 2g$45K
Gifts and grantsLn 1h$31K
Money outPt IX
$150K
Ln 25
Programscol B$109K
Managementcol C$41K
Owns and owesPt X
$3.4M
net assets · Ln 32
Cash and savingsLn 1–2$100K
Total assetsLn 16$3.4M
LiabilitiesLn 26$2K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$31K
Fundraising eventsLn 1c$6K
Fees for servicesLn 2g$45K
Investment incomeLn 3$392K
Other incomeLn 4–11$6K
Gains on assetsLn 7$305K
Total revenueLn 12$474K
Assets in detailPt X, end of year
CashLn 1$39K
SavingsLn 2$62K
Cash and savings togetherLn 1–2$100K
InvestmentsLn 11–13$3.3M
Total assetsLn 16$3.4M
LiabilitiesLn 26$2K
Net assetsLn 32$3.4M
OperationsPt I, VI
EmployeesI 511
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$109K$100K
InvestmentsLn 11–13$1.8M$3.3M
Total assetsLn 16$1.9M$3.4M
LiabilitiesLn 26$0$2K
Net assetsLn 32$1.9M$3.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$25K$22K$2K$0
Other salaries and wagesLn 7$52K$47K$5K$0
Payroll taxesLn 10$6K$5K$611$0
Legal feesLn 11b$2K$0$2K$0
Accounting feesLn 11c$7K$0$7K$0
Investment management feesLn 11f$22K$0$22K$0
Other fees for servicesLn 11g$430$387$43$0
Office expensesLn 13$4K$3K$372$0
Information technologyLn 14$7K$7K$286$0
OccupancyLn 16$2K$2K$248$0
Travel and entertainment for public officialsLn 18$131$131$0$0
Payments to affiliatesLn 21$686$686$0$0
InsuranceLn 23$4K$4K$407$0
Other expenses (24a–d)Ln 24$18K$18K$0$0
Total functional expensesLn 25$150K$109K$41K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $897K$209K$688K$4.0M 990 PDF
FY2023 $166K$197K−$31K$3.0M 990 PDF
FY2022 $197K$178K$18K$2.8M 990 PDF
FY2021 Viewing $474K$150K$324K$3.4M 990 PDF
FY2020 $151K$125K$26K$1.9M 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 FY2021 990 (6 parts)
Part I · Summary $474,250 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $76,689$30,793
I-9 Program service revenuePrior year $0$44,976
I-10 Investment incomePrior year $72,198$392,169
I-11 Other revenuePrior year $2,205$6,312
I-12 Total revenuePrior year $151,092$474,250
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $80,745$82,744
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $43,987$67,617
I-18 Total expensesPrior year $124,732$150,361
I-19 Revenue less expensesPrior year $26,360$323,889
Part VI · Governance 9 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $474,250 across 10 lines filed
Lines not itemized here account for $44,976 of total revenue; see the IRS return.
VIII-1b Membership dues$115
VIII-1c Fundraising events$6,425
VIII-1d Related organizations$1,631
VIII-1f All other contributions, gifts and grants$29,047
VIII-1h Total contributions, gifts and grants$30,793
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$87,019
VIII-7 Net gain or loss on sales of assetsRelated to mission $305,150 · Unrelated business $0 · Excluded from tax $0$305,150
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $4,554$4,554
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,758 · Unrelated business $0 · Excluded from tax $0$1,758
VIII-12 Total revenueRelated to mission $438,903 · Unrelated business $0 · Excluded from tax $4,554$474,250
Part IX · Statement of functional expenses $150,361 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $22,456 · Management $2,495 · Fundraising $0$24,951
IX-7 Other salaries and wagesPrograms $46,517 · Management $5,169 · Fundraising $0$51,686
IX-10 Payroll taxesPrograms $5,496 · Management $611 · Fundraising $0$6,107
IX-11b Legal feesPrograms $0 · Management $2,500 · Fundraising $0$2,500
IX-11c Accounting feesPrograms $0 · Management $7,466 · Fundraising $0$7,466
IX-11f Investment management feesPrograms $0 · Management $21,590 · Fundraising $0$21,590
IX-11g Other fees for servicesPrograms $387 · Management $43 · Fundraising $0$430
IX-13 Office expensesPrograms $3,349 · Management $372 · Fundraising $0$3,721
IX-14 Information technologyPrograms $6,707 · Management $286 · Fundraising $0$6,993
IX-16 OccupancyPrograms $2,234 · Management $248 · Fundraising $0$2,482
IX-18 Travel and entertainment for public officialsPrograms $131 · Management $0 · Fundraising $0$131
IX-21 Payments to affiliatesPrograms $686 · Management $0 · Fundraising $0$686
IX-23 InsurancePrograms $3,665 · Management $407 · Fundraising $0$4,072
IX-24 Other expenses (24a–d)Programs $17,546 · Management $0 · Fundraising $0$17,546
IX-25 Total functional expensesPrograms $109,174 · Management $41,187 · Fundraising $0$150,361
Part X · Balance sheet $3,372,040 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $54,534$38,676
X-2 Savings and temporary cash investmentsStart of year $54,325$61,743
X-11 Publicly traded securitiesStart of year $1,812,254$3,271,621
X-16 Total assetsStart of year $1,921,691$3,372,040
X-17 Accounts payable and accrued expenses$1,741
X-26 Total liabilitiesStart of year $0$1,741
X-27 Net assets without donor restrictionsStart of year $1,921,691$3,370,299
X-32 Total net assets or fund balancesStart of year $1,921,691$3,370,299
X-33 Total liabilities and net assetsStart of year $1,921,691$3,372,040
Part XI · Reconciliation of net assets $3,370,299 net assets at year end
XI-1 Total revenue$474,250
XI-2 Total expenses$150,361
XI-3 Revenue less expenses$323,889
XI-4 Net assets at start of year$1,921,691
XI-5 Net unrealized gains (losses) on investments−$33,336
XI-8 Prior period adjustments$1,158,055
XI-10 Net assets at end of year$3,370,299

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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