Friends of the Library Ssc

Nonprofit profile at a glance

EIN
166053263
IRS 990-EZ coverage
2021–2025
Forms available
Form 990-EZ 2025
Location
Corning, NY, USA
Phone
6073681465
Rating
86
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$69,878
Expenses
$63,558
Assets
$19,729
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • HAZEL RUSSELL (PRESIDENT)

People named in this filing

  • HAZEL RUSSELL (PRESIDENT)
  • KAREN SWAN (SECRETARY)
  • PAMELA SMITH (TREASURER)

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 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The primary exempt purpose of this organization is fundraising to contribute to the southeast steuben county library to assist with the purchases which would otherwise be outside the scope of the normal library budget. The funds are used for library needs which include the purchase of books, facility needs, and services provided to the general public to stimulate gift giving, to enrich the cultural opportunities to citizens serviced by the library.

What it reported doing in 2025

Support provided through the sale of books and donations in the amount of $60,000 for the 2025 fiscal year will be divided amoung the following programs: to fill in the loss of revenue due to the "no fines" policy, to purchase library materials for children's and adult programs offered both in the library and during outreach programs such as the coffee, tea, and english literacy program, summer reading program, creative writing workshops, and delivery of books to homebound residents. The library serves over 50,000 citizens annually.

Operating model

Revenue model
Other-operating. 90% of the money available for current operations came from other operating revenue.
Distribution model
Grant intermediary. The nonprofit sent 97% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 91
  • Transparency & Controls: 82
  • Sustainability: 49
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 88.2%; rating input score 88
  • Program expense ratio: 97%; rating input score 97

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 9%; rating input score 59; 59th percentile among comparable filings
  • Total-asset coverage ratio: 0.31; rating input score 23; 23rd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 14.4% per year; rating input score 100; 76th percentile among comparable filings
  • Revenue growth: 12.5% per year; rating input score 100; 84th percentile among comparable filings
  • Asset growth: 6.2% per year; rating input score 100; 60th percentile among comparable filings

Details

  • Where the money goes: 88.2% of revenue deployed · 97% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $62K in reported program spending
  • Leadership: top reported pay $0 · 11 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 5 filing years from 2021 to 2025
  • Contacts: How to reach this organization
  • 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Total-asset coverage ratio scored 23/100.
  • Review — Sustainability: Operating margin scored 59/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.