Patterson Library

Nonprofit profile at a glance

EIN
146022764
IRS 990 coverage
2018–2024
Forms available
Form 990 2024
Location
Patterson, NY, USA
Phone
8458786121
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Libraries

Reported finances

Revenue
$1,249,446
Expenses
$965,650
Assets
$2,600,582
Liabilities
$176,903

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

Leadership & pay

11 people listed

Executive titles in this filing

  • DONALD FERRARO (PRESIDENT)

Highest reported compensation

  • STEPHANIE HARRISON (DIRECTOR): $103,508 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 patterson library provides valuable and equitable services that fulfill essential roles in the community, including: community activities and information, education and independent learning support, and popular materials and technology.

What it reported doing in 2024

Information/educational services and programs: we offer programs for patrons of all ages. Adult program offerings include book discussions, movies, mahjong, local history discussions, environmental programs, author talks, crafts, cooking demonstrations, lectures, health and exercise programs, writing workshops, financial seminars, and book discussions. Children and teen program offerings include storytimes, music and movement programs, movies, arts and crafts programs, minecraft, book discussions, hands-on cooking and gardening workshops, musical theater productions, murder mystery evenings, and open mic nights. A total of 8,094 people attended 700 programs in 2024. Summer reading keeps children engaged during their break with reading incentives and educational and entertaining programming. In 2024, over 200 people participated in our summer reading program. In addition, the library offers computers, copying, faxing, and scanning services, 24-hour wifi, and one-on-one programs such as open computer help and homework help. In 2024 we had over 10,000 wifi sessions, and over 2,000 computer sessions. Adult services staff answered over 13,000 questions. We also added 329 new cardholders.

Operating model

Revenue model
Grant-funded. 97% 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.

The verdict

SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and some filed totals do not add up.

Rating breakdown

  • Financial Efficiency: 67
  • Transparency & Controls: 83
  • Accountability: 77
  • Sustainability: 68
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 59.1%; rating input score 59
  • Program expense ratio: 74.9%; rating input score 75
  • Fundraising efficiency: $94.87 raised per $1 spent on fundraising; rating input score 86; 86th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 16th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 60%; rating input score 60; 12th percentile among comparable filings
  • Governance controls: 7 of 7 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 22.7%; rating input score 79; 79th percentile among comparable filings
  • Total-asset coverage ratio: 2.69; rating input score 73; 73rd percentile among comparable filings
  • Liabilities to assets ratio: 0.07; rating input score 48; 48th percentile among comparable filings
  • Officer compensation ratio: 10.7%; rating input score 34; 34th percentile among comparable filings

Growth

  • Program expense growth: 1% per year; rating input score 100; 22nd percentile among comparable filings
  • Revenue growth: 4.6% per year; rating input score 100; 41st percentile among comparable filings
  • Asset growth: 5.3% per year; rating input score 100; 40th percentile among comparable filings

Details

  • Where the money goes: 59.1% of revenue deployed · 74.9% of spending went to programs
  • Governance: 6 of 10 board members independent · 7 of 7 filing controls reported
  • Programs: 4 filed program accomplishments · $723K in reported program spending
  • Leadership: top reported pay $104K · 11 people listed
  • Consistency: 24 of 25 current checks pass · 1 finding to review
  • Schedules: 3 filed schedules
  • Filing history: 6 filing years from 2018 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • Review — Financial Efficiency: Mission deployment rate scored 59/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Moderate — Sustainability: Officer compensation ratio scored 34/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 48/100.