Potsdam Public Library FY2021 filing

Tax-deductible

Potsdam, NY501(c)(3)Since 2006EducationEIN 16-1760369Revenue $983K in FY2021

On file with the IRS2 Park Street, 13676-2289 · Potsdam, NYTax-exempt since Apr 2009Publicly supported charity — 170(b)(1)(A)(vi)

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To assemble, preserve, and provide printed, electronic and other materials that will meet the day-to-day educational, informational, cultural, and recreational interests and needs of the community in compliance with local, state, and federal laws.

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
$69K 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $127K a year · 17% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 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
$69K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $9K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$28K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$983K
+11% vs prior year
Spent
$553K
To programs
70%
Net assets
$1.5M
By yearFY2020–FY2025
Revenue
$983K
FY2021▲ +11%
Tap a bar for its year
Revenue by fiscal year
FY2020$883K
FY2021$983K
FY2022$708K
FY2023$686K
FY2024$647K
FY2025$673K
Expenses
$553K
FY2021▼ -7%
Tap a bar for its year
Expenses by fiscal year
FY2020$597K
FY2021$553K
FY2022$637K
FY2023$649K
FY2024$739K
FY2025$639K
Net assets
$1.5M
FY2021▲ +39%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.1M
FY2021$1.5M
FY2022$1.6M
FY2023$1.6M
FY2024$1.5M
FY2025$1.5M

From the FY2021 Form 990 (year ending June 2021) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2009.

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% · $388K Management & general 30% · $166K

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; $69K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Library Dire
$68,584Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice-Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Annie Davey’s $71K as Library Dire is at the 63rd 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 · 1 named individual · Part VII

NameFY2025FY2022FY2021
Annie Davey$70,829$72,594$68,584

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 15aYes

Programs and updates

Collects and shares books, digital resources, and other materials for community learning and enjoyment.

Questions for Potsdam Public Library

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Provided by the organization

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1 program · $388K · in their own filed words · FY2020
01

The operation of public library to serve the residents of the potsdam central school district

$388Kprogram 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 · FY2022
Total grants receivedfrom 1 funder$9K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$983K
Ln 12
Fees for servicesLn 2g$574K
Gifts and grantsLn 1h$408K
Other incomeLn 4–11$149
Money outPt IX
$553K
Ln 25
Programscol B$388K
Managementcol C$166K
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$147K
Total assetsLn 16$1.6M
LiabilitiesLn 26$28K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$408K
Government grantsLn 1e$318K
Fees for servicesLn 2g$574K
Investment incomeLn 3$46
Other incomeLn 4–11$149
Total revenueLn 12$983K
Assets in detailPt X, end of year
CashLn 1$147K
Cash and savings togetherLn 1–2$147K
Land, buildings, equipmentLn 10c$223K
Other assetsLn 15$1.2M
Total assetsLn 16$1.6M
LiabilitiesLn 26$28K
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 516
VolunteersI 610
Fiscal year endsHeaderJune
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$763K$147K
Land, buildings, equipmentLn 10c$231K$223K
Total assetsLn 16$1.1M$1.6M
LiabilitiesLn 26$36K$28K
Net assetsLn 32$1.1M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$377K$265K$112K
Pension plan contributionsLn 8$36K$21K$14K
Other employee benefitsLn 9$39K$16K$23K
Payroll taxesLn 10$28K$21K$7K
Legal feesLn 11b$438$438
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$2K$2K
Advertising and promotionLn 12$1K$1K$144
Office expensesLn 13$19K$17K$2K
OccupancyLn 16$20K$19K$339
TravelLn 17$228$228
Conferences, conventions and meetingsLn 19$179$179
Depreciation, depletion and amortizationLn 22$8K$8K
InsuranceLn 23$11K$9K$2K
Other expenses (24a–d)Ln 24$6K$6K
Total functional expensesLn 25$553K$388K$166K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $673K$639K$34K$1.5M 990 PDF
FY2024 $647K$739K−$93K$1.5M 990 PDF
FY2023 $686K$649K$37K$1.6M 990 PDF
FY2022 $708K$637K$70K$1.6M 990 PDF
FY2021 Viewing $983K$553K$429K$1.5M 990 PDF
FY2020 $883K$597K$286K$1.1M 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 $982,637 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $305,265$408,348
I-9 Program service revenuePrior year $577,772$574,094
I-10 Investment income$46
I-11 Other revenue$149
I-12 Total revenuePrior year $883,037$982,637
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $487,619$479,781
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $109,026$73,543
I-18 Total expensesPrior year $596,645$553,324
I-19 Revenue less expensesPrior year $286,392$429,313
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $982,637 across 8 lines filed
VIII-1d Related organizations$15,000
VIII-1e Government grants$318,489
VIII-1f All other contributions, gifts and grants$74,859
VIII-1h Total contributions, gifts and grants$408,348
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $574,094$574,094
VIII-3 Investment incomeExcluded from tax $46$46
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $149$149
VIII-12 Total revenueRelated to mission $574,243 · Excluded from tax $46$982,637
Part IX · Statement of functional expenses $553,324 across 15 lines filed
IX-7 Other salaries and wagesPrograms $265,071 · Management $111,863$376,934
IX-8 Pension plan contributionsPrograms $21,318 · Management $14,317$35,635
IX-9 Other employee benefitsPrograms $16,157 · Management $23,018$39,175
IX-10 Payroll taxesPrograms $21,156 · Management $6,881$28,037
IX-11b Legal feesManagement $438$438
IX-11c Accounting feesManagement $4,500$4,500
IX-11g Other fees for servicesPrograms $2,400$2,400
IX-12 Advertising and promotionPrograms $1,300 · Management $144$1,444
IX-13 Office expensesPrograms $16,769 · Management $1,889$18,658
IX-16 OccupancyPrograms $19,466 · Management $339$19,805
IX-17 TravelPrograms $228$228
IX-19 Conferences, conventions and meetingsPrograms $179$179
IX-22 Depreciation, depletion and amortizationPrograms $8,142$8,142
IX-23 InsurancePrograms $9,105 · Management $2,276$11,381
IX-24 Other expenses (24a–d)Programs $6,368$6,368
IX-25 Total functional expensesPrograms $387,659 · Management $165,665 · Fundraising $0$553,324
Part X · Balance sheet $1,558,033 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $762,584$147,362
X-4 Accounts receivableStart of year $341$341
X-9 Prepaid expenses and deferred chargesStart of year $4,391$4,655
X-10c Land, buildings and equipment, netStart of year $231,204$223,062
X-15 Other assetsStart of year $138,976$1,182,613
X-16 Total assetsStart of year $1,137,496$1,558,033
X-17 Accounts payable and accrued expensesStart of year $36,298$27,522
X-26 Total liabilitiesStart of year $36,298$27,522
X-27 Net assets without donor restrictionsStart of year $1,101,198$1,530,511
X-32 Total net assets or fund balancesStart of year $1,101,198$1,530,511
X-33 Total liabilities and net assetsStart of year $1,137,496$1,558,033
Part XI · Reconciliation of net assets $1,530,511 net assets at year end
XI-1 Total revenue$982,637
XI-2 Total expenses$553,324
XI-3 Revenue less expenses$429,313
XI-4 Net assets at start of year$1,101,198
XI-10 Net assets at end of year$1,530,511

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

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