Gowanda Free Library EIN 16-6000414

Gowanda Free Library

EIN  16-6000414 Public charity (501(c)(3)) Gowanda, NY
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Offers free library services to the Gowanda area.
Leadership
Heidi Khawam Rabat · Director · $28K
Money in and out
$141K revenue, $92K expenses
Bottom line
96% program efficiency

Offers free library services to the Gowanda area. For fiscal year 2024 it reported $141K in revenue, $92K in expenses, and $296K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$141K
Pt VIII · Ln 12
Total expenses
$92K
Pt IX · Ln 25
Net assets
$296K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $50K
Where spending went · Part IX cols B–D
Program services $0.96 Management & general $0.04
Program efficiency
96%
of spending reaches programs▲ +2% vs prior filing year
Operating runway
30.0mo
months of highly liquid reserves at operating expense rate▲ +3% vs prior filing year
Surplus margin
+35%
revenue over expenses, this year▲ ×39 vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$141K
FY2024▲ +69%
Expenses
$92K
FY2024▲ +10%
Total assets
$296K
FY2024▲ +20%
Total liabilities
$0
FY2024
Total revenue
$141K
Pt VIII · Ln 12
Total expenses
$92K
Pt IX · Ln 25
Net assets
$296K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$50K
Total assetsPt X · Ln 16$296K
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

3 program services account for $88K of program spending, described in the organization's own filed words · FY2024.
01

Providing educational, cultural and recreational materials to the community in the form of periodicals, videos, books, and audio for all ages

$86Kprogram expense
02

Providing free internet and computer access to the community

$2Kprogram expense
03

Providing enriching and educational programs for the community including storytimes, games, clubs and artistic classes

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGowanda Free Library
EINHdr · item D16-6000414
Principal addressHdr · item CGowanda, 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 (B70)
Ruling yearIRS BMFFeb 2001

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
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
$28,426Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A

Heidi Khawam Rabat’s $28K as Director is at the 21st 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 · 3 named individuals · Part VII

NameFY2024FY2023
Heidi Khawam Rabat$28,426
Heidi Khawam$16,600
Hayley Wilkins$6,764

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$128K · 91%
Investment income$9K · 6%
Program service revenue$2K · 2%
Other revenue$2K · 1%
Contributions & grants91%$128K
Investment income6%$9K
Program service revenue2%$2K
Other revenue1%$2K
Total revenueLn 12$141K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.04
Program services96%$88K
Management & general4%$4K
Total functional expensesLn 25$92K

Balance Sheet

Part X · end of year
CashLn 1$57K
Total assetsLn 16$296K
Total liabilitiesLn 26$0
Total net assetsLn 32$296K
Months of cash on handcomputed7.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $229K · Operating expenses/yr $92K
30.0 months
Where the money goes
Program services
Program services $88K · Total expenses $92K
96%
Management & General
Management & general $4K · Total expenses $92K
4%
Fundraising
Fundraising $0 · Total expenses $92K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $90K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $128K · Total revenue $141K
91%
Government reliance
Government grants — · Total revenue $141K
Earned-income share
Program service revenue $2K · Total revenue $141K
2%
Investment reliance
Investment income $9K · Total revenue $141K
+6%
Program self-sufficiency
Program service revenue $2K · Total expenses $92K
2%
Growth & trend
Revenue growth (YoY)
This year $141K · Prior year $84K
+69%
Revenue CAGR
FY2020 $28K · FY2024 $141K
+50%
Net-asset trend (YoY)
End of year $296K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $141K · Expenses $92K
+35%
Liabilities-to-Assets
Total liabilities — · Total assets $296K
Net-asset ratio
Net assets $296K · Total assets $296K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $172K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $296K
58%
People & payroll
Highest Reported Total Compensation
Individual Heidi Khawam Rabat · Reported title DIRECTOR · Highest reported compensation $28K · Total expenses $92K
31%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $57K · Total expenses $92K
62%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 96%
Overhead ratio 4%
Fundraising cost ratio 0%
Revenue growth 69%
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 1 funder$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
FY2024 (Latest)$141K revenue · viewing · ⤓ 990 PDF
FY2023$84K revenue · ⤓ 990 PDF
FY2022$79K revenue · ⤓ 990 PDF
FY2021$74K revenue · ⤓ 990 PDF
FY2020$28K 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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