The Friends of the Gloversville Public Library Inc

Nonprofit profile at a glance

EIN
141584623
IRS 990-EZ coverage
2020–2024
Forms available
Form 990-EZ 2024
Location
Gloversville, NY, USA
Phone
5187252819
Rating
87
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$16,317
Expenses
$18,439
Assets
$30,929

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

Leadership & pay

7 people listed

Executive titles in this filing

  • JEAN LAPORTA (PRESIDENT)

People named in this filing

  • JEAN LAPORTA (PRESIDENT)
  • PATTY FRANCO (VICE PRESIDE)
  • JILL THAISZ (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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Give materials and equipment to the library which it could not fund out of its budget, raise funds to aid library projects, help with campaigns for specific community or legislative actions relative to the library, and to sponsor library projects

What it reported doing in 2024

To aid with special library projects and to give materials and equipment to the library which it could not fund out of its own budget

Operating model

Revenue model
Donor-supported. 64% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 72% 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. Expenses are high relative to revenue and assets have declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 97
  • Transparency & Controls: 82
  • Sustainability: 38
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 93.3%; rating input score 93

Transparency & Controls

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

Sustainability

  • Operating margin: -13%; rating input score 28; 28th percentile among comparable filings
  • Total-asset coverage ratio: 1.68; rating input score 61; 61st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 4% per year; rating input score 100; 60th percentile among comparable filings
  • Revenue growth: 7.5% per year; rating input score 100; 77th percentile among comparable filings
  • Asset growth: -10.5% per year; rating input score 0; 17th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 93.3% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $17K 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: 4 filing years from 2020 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.

Key Signals

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

  • High — Sustainability: Operating margin scored 28/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.