Katonah Village Library
Nonprofit profile at a glance
- EIN
- 131921202
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Katonah, NY, USA
- Phone
- 9142323508
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $1,124,497
- Expenses
- $1,034,128
- Assets
- $2,819,612
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- IAN SHAW (PRESIDENT)
- CATIE WARD (VICE PRESIDENT)
Highest reported compensation
- MARY KANE (LIBRARY DIRECTOR): $141,989 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The katonah village library is a community resource that provides equal access to information, and facilitates the joy of reading, the exploration of ideas and engagement with the arts, sciences, and humanities for children and adults. To ensure that we meet our users' educational, informational, and recreational needs, the katonah village library provides a comprehensive collection of books and media, professional library services, and a safe, attractive environment for cultural programs, exhibitions, and events that is facilitated and overseen by a skilled and enthusiastic staff and visionary leaders.
What it reported doing in 2024
Kvl provided library services to over 90,000 visitors during 2024 and access to quality materials, information services, research excellence and digital resources. We also offered enriching programs that catered to all ages and interests: in 2024, over 12,000 people attended 700+ programs.kvl strives to provide the community with an updated and timely collection of materials, which includes. Books, audiobooks, musical instruments, a seed library and dvds. Additionally, the library offers online resources for e-materials, streaming services for films/tv and documentaries, language apps and specialized learning modules.
Operating model
- Revenue model
- Grant-funded. 65% of the money available for current operations came from government grants.
- 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 60
- Transparency & Controls: 84
- Accountability: 74
- Sustainability: 62
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 66.2%; rating input score 66
- Program expense ratio: 71.3%; rating input score 71
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90%; rating input score 90; 5th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 3 of 8 controls in place; rating input score 38
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 8%; rating input score 57; 57th percentile among comparable filings
- Total-asset coverage ratio: 2.73; rating input score 73; 73rd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
- Officer compensation ratio: 13.7%; rating input score 26; 26th percentile among comparable filings
Growth
- Program expense growth: 0.7% per year; rating input score 100; 20th percentile among comparable filings
- Revenue growth: 1.9% per year; rating input score 100; 24th percentile among comparable filings
- Asset growth: -3.6% per year; rating input score 0; 8th percentile among comparable filings
Details
- Where the money goes: 66.2% of revenue deployed · 71.3% of spending went to programs
- Governance: 11 of 11 board members independent · 3 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $737K in reported program spending
- Leadership: top reported pay $142K · 13 people listed
- Consistency: 25 of 26 current checks pass · 1 finding to review
- Schedules: 3 filed schedules · includes major donors
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- 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 — Accountability: Governance controls: 4 of 7 not reported.
- Review — Sustainability: Operating margin scored 57/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 26/100.