Bainbridge Free Library

Nonprofit profile at a glance

EIN
156000049
IRS 990-EZ coverage
2023–2024
Forms available
Form 990-EZ 2024, Form 990-N 2022
Location
Bainbridge, NY, USA
Phone
6079675305
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Libraries

Reported finances

Revenue
$103,636
Expenses
$79,065
Assets
$350,847

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • CATHY SHERRICK (VICE PRESIDENT)
  • DAVID LEIB (PRESIDENT)

People named in this filing

  • CATHY SHERRICK (VICE PRESIDENT)
  • MARGARET HAMER (TRUSTEE)
  • VIOLET WADE (TRUSTEE)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Provide public library services to the general public. Has approximately 4,000 visits annualy. Has holdings of about 29,000 items. Offers onsite programs including reading services.

What it reported doing in 2024

This organization provide valuable library services tothe local community.has approximately 4,000 annual library visits.provides many live programs

Operating model

Revenue model
Donor-supported. 94% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. No material rating questions were generated from the available inputs.

Rating breakdown

  • Financial Efficiency: 86
  • Transparency & Controls: 82
  • Sustainability: 72
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 77.4%; rating input score 77
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 23.7%; rating input score 78; 78th percentile among comparable filings
  • Total-asset coverage ratio: 4.44; rating input score 95; 95th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 80.7% per year; rating input score 100; 96th percentile among comparable filings
  • Revenue growth: 9.8% per year; rating input score 100; 66th percentile among comparable filings
  • Asset growth: 19.7% per year; rating input score 100; 80th percentile among comparable filings

Details

  • Where the money goes: 77.4% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $79K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.