Lafayette Public Library

Lafayette, NY · Public charity (501(c)(3))

✓ Tax-deductible
Revenue
$304K
+44% vs prior year
Spent
$249K
To programs
89%
Net assets
$811K
By yearFY2020–FY2024
Revenue
$304K
FY2024▲ +44%
Revenue by fiscal year
FY2020$188K
FY2021$187K
FY2022$211K
FY2023$211K
FY2024$304K
Expenses
$249K
FY2024▲ +15%
Expenses by fiscal year
FY2020$199K
FY2021$190K
FY2022$212K
FY2023$217K
FY2024$249K
Net assets
$811K
FY2024▲ +7%
Net assets by fiscal year
FY2020$766K
FY2021$764K
FY2022$762K
FY2023$756K
FY2024$811K

From the FY2024 Form 990 · see the original

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CLafayette Public Library
EINHdr · item D16-1314055
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFApr 1996
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CLafayette, NY
NTEE classificationIRS BMFNonprofit
WebsiteHdr · item Jwww.lafayettelibrary.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.89 Management & general $0.11
Program services89%$221K
Management & general11%$28K
Total functional expensesLn 25$249K

Financial health

Is it on solid ground?

Program efficiency
89%
of spending reaches programs▼ -1% vs prior filing year
Operating runway
5.0mo
months of highly liquid reserves at operating expense rate▲ +16% vs prior filing year
Surplus margin
+18%
revenue over expenses, this year▲ +701% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$811K
FY2024▲ +7%
Total assets by fiscal year
FY2020$766K
FY2021$764K
FY2022$762K
FY2023$756K
FY2024$811K
Total liabilities
$0
FY2024
Total liabilities by fiscal year
FY2020$0
FY2021$0
FY2022$0
FY2023$0
FY2024$0
Revenue less expensesPt I · Ln 19$55K
Total assetsPt X · Ln 16$811K
Program-expense ratioPt IX · col B89%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Balance Sheet

Part X · end of year
CashLn 1$104K
Total assetsLn 16$811K
Total liabilitiesLn 26$0
Total net assetsLn 32$811K
Months of cash on handcomputed5.0

Statement of Revenue

Part VIII
Contributions & grants$290K · 95%
Program service revenue$14K · 4%
Contributions & grants95%$290K
Program service revenue4%$14K
Investment income$1K
— government grantsLn 1e$281K
Total revenueLn 12$304K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $104K · Operating expenses/yr $249K
5.0 months
Where the money goes
Program services
Program services $221K · Total expenses $249K
89%
Management & General
Management & general $28K · Total expenses $249K
11%
Fundraising
Fundraising $0 · Total expenses $249K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $11K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $290K · Total revenue $304K
95%
Government reliance
Government grants $281K · Total revenue $304K
92%
Earned-income share
Program service revenue $14K · Total revenue $304K
4%
Investment reliance
Investment income $1K · Total revenue $304K
+0.4%
Program self-sufficiency
Program service revenue $14K · Total expenses $249K
5%
Growth & trend
Revenue growth (YoY)
This year $304K · Prior year $211K
+44%
Revenue CAGR
FY2020 $188K · FY2024 $304K
+13%
Net-asset trend (YoY)
End of year $811K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $304K · Expenses $249K
+18%
Liabilities-to-Assets
Total liabilities — · Total assets $811K
—
Net-asset ratio
Net assets $811K · Total assets $811K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $811K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Michael Force · Reported title FINANCE OFFICER · Highest reported compensation $0 · Total expenses $249K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $177K · Total expenses $249K
71%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 89%——
Overhead ratio 11%——
Fundraising cost ratio 0%——
Revenue growth 44%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 0.7%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Finance Officer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Lafayette Public Library executive salaries →

Are you one of these people? Claim this org to confirm your role

Governance & Policies

Part VI
  • 7Voting board membersPt VI · Ln 1a
  • 7Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Offers library services and promotes literacy in Lafayette, NY.

Provided by the organization

This section is blank until Lafayette Public Library claims this page.

Know this organization? Claim it to add your story

Mission & Programs · Part III

Where the work happens

1 program service account for $221K of program spending, described in the organization's own filed words · FY2024.
01

Public library facilities are provided to appoximately 4900 residents in the lafayette, N.Y. Area. The library is open 1,972 hours in 2024. Programs include mother goose story time, pre-schooler story time, summer reading program, literacy training, and internet training and access. 99 programs were offered.

$221Kprogram expense

Run this program? Claim this org to tell your story

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 1 funder$117

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest Viewing $304K$249K+44% 990 PDF
FY2023 $211K$217K+0.06% 990 PDF
FY2022 $211K$212K+13% 990 PDF
FY2021 $187K$190K-0.6% 990 PDF
FY2020 $188K$199K 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

Similar organizations you could support

Closest in mission — by what they do
See all organizations like Lafayette Public Library →

Run this organization? Claim this page

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Sources

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

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

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 peer-cohort and compensation comparisons above.