Friends of the Schroon Lake Public Library Incorporated

Nonprofit profile at a glance

EIN: 030476996
IRS 990-EZ coverage: 2012–2024
Forms available: Form 990-EZ 2024
Location: Schroon Lake, NY, USA
Phone: 5185327101
Rating: 76
Verdict: SUPPORTED
Rating confidence: Moderate
Sector: Single Organization Support

Reported finances

Revenue: $33,982
Expenses: $19,323
Assets: $78,472
Liabilities: $0

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

Leadership & pay

8 people listed

Executive titles in this filing

LAURIE BRUCE (PRESIDENT)
PAUL HOOK (VICE PRESIDENT)

People named in this filing

LAURIE BRUCE (PRESIDENT)
PAUL HOOK (VICE PRESIDENT)
SHIRLEY RICHARDS (SECRETARY)

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

The purpose of this organization shall be to maintain an association of persons interested in the schroon lake library; to focus public attention on the library; to stimulate the use of the library's resources and services; to receive and encourage gifts, endowments and bequests to the library; to support and cooperate with the library in developing services, programs and facilities for the community.

What it reported doing in 2024

Funds expended for library programs/equipment & library collection development which benefits all users of the schroon lake public library

Operating model

Revenue model: Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model: Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and assets have declined or grown slowly.

Rating breakdown

Financial Efficiency: 56
Transparency & Controls: 100
Sustainability: 80
Growth: 80

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 44.7%; rating input score 45
Program expense ratio: 74.7%; rating input score 75

Transparency & Controls

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

Sustainability

Operating margin: 43.1%; rating input score 88; 88th percentile among comparable filings
Total-asset coverage ratio: 4.06; rating input score 80; 80th percentile among comparable filings
Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

Program expense growth: 2.7% per year; rating input score 100; 56th percentile among comparable filings
Revenue growth: 2.4% per year; rating input score 100; 62nd percentile among comparable filings
Asset growth: -4.6% per year; rating input score 0; 25th percentile among comparable filings

Details

Where the money goes: 44.7% of revenue deployed · 74.7% of spending went to programs
Governance: Filed governance answers
Accomplishments: 1 filed program accomplishment · $14K in reported program spending
Leadership: top reported pay $0 · 8 people listed
Consistency: 9 of 9 current checks pass
Schedules: 3 filed schedules
Filing history: 12 filing years from 2012 to 2024
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.

Moderate — Financial Efficiency: Mission deployment rate scored 45/100.
High — Growth: Asset growth scored 0/100.
Review — Sustainability: Officer compensation ratio scored 56/100.