Sullivan Free Library EIN 23-7259944 Form 990 (PDF) Claim this org

Sullivan Free Library FY2020 filing

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Provides community members with resources for recreation, education, information, culture, and civic engagement. For fiscal year 2020 it reported $800K in revenue, $680K in expenses, and $1.9M in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Chittenango, NY
Website
www.sullivanfreelibrary.org
Filings
5 on file (2020–2020)
Revenue
$800KFY2020
Expenses
$680K
Net assets
$1.9M
People
12
Filings
5
Updates
0
More identity details & actions ⌄
EIN  23-7259944 Public charity (501(c)(3)) Chittenango, NY
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Provides community members with resources for recreation, education, information, culture, and civic engagement.
Leadership
Karen Traynor · Exec Dir · $68K
Money in and out
$800K revenue, $680K expenses
Bottom line
90% program efficiency
Where the money goes · FY2020
Total revenue
$800K
Pt VIII · Ln 12
Total expenses
$680K
Pt IX · Ln 25
Net assets
$1.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $120K
Where spending went · Part IX cols B–D
Program services $0.90 Management & general $0.10
Program efficiency
90%
of spending reaches programs
Operating runway
14.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+15%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$800K
FY2020
Expenses
$680K
FY2020
Total assets
$3.3M
FY2020
Total liabilities
$1.4M
FY2020
Total revenue
$800K
Pt VIII · Ln 12
Total expenses
$680K
Pt IX · Ln 25
Net assets
$1.9M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$120K
Total assetsPt X · Ln 16$3.3M
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

1 program service account for $609K of program spending, described in the organization's own filed words · FY2020.
01

Association library providing materials lending and programming for all ages.

$609Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSullivan Free Library
EINHdr · item D23-7259944
Principal addressHdr · item CChittenango, NY
WebsiteHdr · item Jwww.sullivanfreelibrary.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B71Z)
Ruling yearIRS BMFMar 1973

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$68,296Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Lorie Finger’s $54K as Exec Directo is at the 45th 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

NameFY2024FY2023FY2022FY2021FY2020
Karen Fauls-Traynor$84,007
Karen Traynor$76,666$70,022$68,296
Lorie Finger$53,592

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$785K · 98%
Program service revenue$12K · 2%
Contributions & grants98%$785K
Program service revenue2%$12K
Investment income$3K
— government grantsLn 1e$184K
Total revenueLn 12$800K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.10
Program services90%$609K
Management & general10%$71K
Total functional expensesLn 25$680K

Balance Sheet

Part X · end of year
CashLn 1$813K
Total assetsLn 16$3.3M
Total liabilitiesLn 26$1.4M
Total net assetsLn 32$1.9M
Months of cash on handcomputed14.4

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $813K · Operating expenses/yr $680K
14.4 months
Where the money goes
Program services
Program services $609K · Total expenses $680K
90%
Management & General
Management & general $71K · Total expenses $680K
10%
Fundraising
Fundraising $0 · Total expenses $680K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $602K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $785K · Total revenue $800K
98%
Government reliance
Government grants $184K · Total revenue $800K
23%
Earned-income share
Program service revenue $12K · Total revenue $800K
2%
Investment reliance
Investment income $3K · Total revenue $800K
+0.3%
Program self-sufficiency
Program service revenue $12K · Total expenses $680K
2%
Growth & trend
Revenue growth (YoY)
This year $800K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $1.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $800K · Expenses $680K
+15%
Liabilities-to-Assets
Total liabilities — · Total assets $3.3M
Net-asset ratio
Net assets $1.9M · Total assets $3.3M
59%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $3.3M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Karen Traynor · Reported title EXEC DIR · Highest reported compensation $68K · Total expenses $680K
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $413K · Total expenses $680K
61%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 90%
Overhead ratio 10%
Fundraising cost ratio 0%
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$20K

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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)$741K revenue · ⤓ 990 PDF
FY2023$833K revenue · ⤓ 990 PDF
FY2022$685K revenue · ⤓ 990 PDF
FY2021$669K revenue · ⤓ 990 PDF
FY2020$800K 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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