Hillsdale Free Public Library Foundation EIN 83-4055855

Hillsdale Free Public Library Foundation

EIN  83-4055855 Public charity (501(c)(3)) Hillsdale, NJ
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Funds library programs and services to support community learning and access to information.
Leadership
Robert Ax · Trustee
Money in and out
$118K revenue, $26K expenses
Bottom line
88% program efficiency

Funds library programs and services to support community learning and access to information. For fiscal year 2024 it reported $118K in revenue, $26K in expenses, and $611K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$118K
Pt VIII · Ln 12
Total expenses
$26K
Pt IX · Ln 25
Net assets
$611K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $92K
Where spending went · Part IX cols B–D
Program services $0.88 Management & general $0.12
Program efficiency
88%
of spending reaches programs▲ +8% vs prior filing year
Operating runway
276.7mo
months of highly liquid reserves at operating expense rate▲ +57% vs prior filing year
Surplus margin
+78%
revenue over expenses, this year▲ +16% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$118K
FY2024▲ +11%
Expenses
$26K
FY2024▼ -25%
Total assets
$611K
FY2024▲ +18%
Total liabilities
$0
FY2024
Total revenue
$118K
Pt VIII · Ln 12
Total expenses
$26K
Pt IX · Ln 25
Net assets
$611K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$92K
Total assetsPt X · Ln 16$611K
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

1 program service account for $23K of program spending, described in the organization's own filed words · FY2024.
01

Funding for programs, supplies, and refreshments in support of programs at hillsdale public library for town residents and patrons.

$23Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHillsdale Free Public Library Foundation
EINHdr · item D83-4055855
Principal addressHdr · item CHillsdale, NJ
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNJ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B70)
Ruling yearIRS BMFNov 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
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
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Library Director
$0Pt VII · Sec A
Friends Representative
$0Pt VII · Sec A
Library Board Representative
$0Pt VII · Sec A
See Hillsdale Free Public Library Foundation executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$101K · 85%
Investment income$18K · 15%
Contributions & grants85%$101K
Investment income15%$18K
Total revenueLn 12$118K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.12
Program services88%$23K
Management & general12%$3K
Total functional expensesLn 25$26K

Balance Sheet

Part X · end of year
CashLn 1$611K
Total assetsLn 16$611K
Total liabilitiesLn 26$0
Total net assetsLn 32$611K
Months of cash on handcomputed276.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $611K · Operating expenses/yr $26K
276.7 months
Where the money goes
Program services
Program services $23K · Total expenses $26K
88%
Management & General
Management & general $3K · Total expenses $26K
12%
Fundraising
Fundraising $0 · Total expenses $26K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $314 · Solicited contributions (2-yr avg) $101K
$0.00 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $101K · Total revenue $118K
85%
Government reliance
Government grants — · Total revenue $118K
Earned-income share
Program service revenue $0 · Total revenue $118K
0%
Investment reliance
Investment income $18K · Total revenue $118K
+15%
Program self-sufficiency
Program service revenue $0 · Total expenses $26K
0%
Growth & trend
Revenue growth (YoY)
This year $118K · Prior year $107K
+11%
Revenue CAGR
FY2020 $104K · FY2024 $118K
+3%
Net-asset trend (YoY)
End of year $611K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $118K · Expenses $26K
+78%
Liabilities-to-Assets
Total liabilities — · Total assets $611K
Net-asset ratio
Net assets $611K · Total assets $611K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $611K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Robert Ax · Reported title Trustee · Highest reported compensation $0 · Total expenses $26K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $26K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 88%
Overhead ratio 12%
Fundraising cost ratio 0%
Revenue growth 11%
Legal fee ratio 0%
Accounting fee ratio 9%

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 · this organization's grantmaking
Grants paid · 2 grants · $47K · 2023–2024
Hillsdale Free Public LibraryFY2024$23,244
Hillsdale Free Public LibraryFY2023$23,262

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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)$118K revenue · viewing · ⤓ 990 PDF
FY2023$107K revenue · ⤓ 990 PDF
FY2022$118K revenue · ⤓ 990 PDF
FY2021$106K revenue · ⤓ 990 PDF
FY2020$104K 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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