Civic Intelligence

Rose Memorial Library Association

EIN 13-2558480 • 501(c)3 • Stony Point, NY

Profile

The Rose Memorial Library Association is a New York State not-for-profit corporation charted by the Regents of the State of New York, and founded in 1949. It is organized to serve the educational and cultural needs of the community of the Town of Stony Point. It is concerned with providing materials for literacy, education, and cultural purposes and serves as a community and neighborhood meeting place. The organization currently provides services for 15,059 residents (from the US Census 2010). The residents of the Town of Stony provide approximately 77% of the organizationb

Refreshing map…

79 East Main StreetStony Point, NY 10980

rosememoriallibrary.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

57th percentile

0.04x

Higher debt load relative to assets than 57% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

63rd percentile

0.05x

Higher debt load relative to revenue than 63% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

22nd percentile

-12%

Higher net margin than 22% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

84th percentile

$90,568

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 16.0% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

24th percentile

-7.6%

Faster asset growth than 24% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

37th percentile

-0.8%

Faster revenue growth than 37% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Down

$820,731

Down $67,541 (-7.6%) from 2023

Liabilities

Down

$29,577

Down $1,641 (-5.3%) from 2023

Net Assets

Down

$791,154

Down $65,900 (-7.7%) from 2023

Revenue

Down

$567,738

Down $4,813 (-0.8%) from 2023

Expenses

Up

$633,638

Up $29,528 (+4.9%) from 2023

Net Income

Down

-$65,900

Down $34,341 (-109%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0Assets 2010: $1,373,162Liabilities 2010: $3,211Net Assets 2010: $1,369,9512010Assets 2011: $1,451,066Liabilities 2011: $2,400Net Assets 2011: $1,448,6662011Assets 2012: $1,546,934Liabilities 2012: $2,400Net Assets 2012: $1,544,5342012Assets 2013: $1,679,964Liabilities 2013: $2,400Net Assets 2013: $1,677,5642013Assets 2014: $1,707,588Liabilities 2014: $2,400Net Assets 2014: $1,705,1882014Assets 2015: $1,686,116Liabilities 2015: $2,400Net Assets 2015: $1,683,7162015Assets 2016: $1,746,141Liabilities 2016: $22,449Net Assets 2016: $1,723,6922016Assets 2017: $1,557,483Liabilities 2017: $12,486Net Assets 2017: $1,544,9972017Assets 2018: $1,417,831Liabilities 2018: $25,668Net Assets 2018: $1,392,1632018Assets 2019: $1,340,305Liabilities 2019: $21,380Net Assets 2019: $1,318,9252019Assets 2020: $1,294,143Liabilities 2020: $7,952Net Assets 2020: $1,286,1912020Assets 2021: $1,049,487Liabilities 2021: $16,742Net Assets 2021: $1,032,7452021Assets 2022: $919,171Liabilities 2022: $30,558Net Assets 2022: $888,6132022Assets 2023: $888,272Liabilities 2023: $31,218Net Assets 2023: $857,0542023Assets 2024: $820,731Liabilities 2024: $29,577Net Assets 2024: $791,1542024

Highlighted filing

2024

Assets$820,731
Liabilities$29,577
Net Assets$791,154

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2010: $519,421Expenses 2010: $410,503Net Income 2010: $108,9182010Revenue 2011: $518,299Expenses 2011: $440,395Net Income 2011: $77,9042011Revenue 2012: $561,944Expenses 2012: $466,076Net Income 2012: $95,8682012Revenue 2013: $631,241Expenses 2013: $498,211Net Income 2013: $133,0302013Revenue 2014: $534,514Expenses 2014: $506,890Net Income 2014: $27,6242014Revenue 2015: $536,166Expenses 2015: $557,638Net Income 2015: -$21,4722015Revenue 2016: $633,139Expenses 2016: $585,094Net Income 2016: $48,0452016Revenue 2017: $518,270Expenses 2017: $696,965Net Income 2017: -$178,6952017Revenue 2018: $510,342Expenses 2018: $621,516Net Income 2018: -$111,1742018Revenue 2019: $551,952Expenses 2019: $637,680Net Income 2019: -$85,7282019Revenue 2020: $550,677Expenses 2020: $571,679Net Income 2020: -$21,0022020Revenue 2021: $275,766Expenses 2021: $533,683Net Income 2021: -$257,9172021Revenue 2022: $554,511Expenses 2022: $688,193Net Income 2022: -$133,6822022Revenue 2023: $572,551Expenses 2023: $604,110Net Income 2023: -$31,5592023Revenue 2024: $567,738Expenses 2024: $633,638Net Income 2024: -$65,9002024

Highlighted filing

2024

Revenue$567,738
Expenses$633,638
Net Income-$65,900

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.82$0.03$0.79$0.57$0.63$0.07
2023Detailed filing. Detailed filing data is available for this year.$0.89$0.03$0.86$0.57$0.60$0.03
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.92$0.03$0.89$0.55$0.69$0.13
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.05$0.02$1.03$0.28$0.53$0.26
2020Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.29$0.01$1.29$0.55$0.57$0.02
2019Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.34$0.02$1.32$0.55$0.64$0.09
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.42$0.03$1.39$0.51$0.62$0.11
2017Detailed filing. Detailed filing data is available for this year.$1.56$0.01$1.54$0.52$0.70$0.18
2016Detailed filing. Detailed filing data is available for this year.$1.75$0.02$1.72$0.63$0.59$0.05
2015Summary only. Only limited summary data is available for this year.$1.69$0.00$1.68$0.54$0.56$0.02
2014Summary only. Only limited summary data is available for this year.$1.71$0.00$1.71$0.53$0.51$0.03
2013Summary only. Only limited summary data is available for this year.$1.68$0.00$1.68$0.63$0.50$0.13
2012Summary only. Only limited summary data is available for this year.$1.55$0.00$1.54$0.56$0.47$0.10
2011Summary only. Only limited summary data is available for this year.$1.45$0.00$1.45$0.52$0.44$0.08
2010Summary only. Only limited summary data is available for this year.$1.37$0.00$1.37$0.52$0.41$0.11
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 12, 2025
Return Version
2024v5.1
Gross Receipts
$567,738
Mission and Program Overview

Mission

The Rose Memorial Library Association is a New York State not-for-profit corporation charted by the Regents of the State of New York, and founded in 1949. It is organized to serve the educational and cultural needs of the community of the Town of Stony Point. It is concerned with providing materials for literacy, education, and cultural purposes and serves as a community and neighborhood meeting place. The organization currently provides services for 15,059 residents (from the US Census 2010). The residents of the Town of Stony provide approximately 77% of the organizationb

The Rose Memorial Library Association is a New York State not-for-profit corporation charted by the Regents of the State of New York and founded in 1949. It is organized to serve the educational, cultural, and social needs of the community of the Town of Stony Point. It is concerned with providing opportunities for community connection and gathering, and providing materials and programming for literacy, educational, and cultural purposes. The organization currently provides services for 14,813 residents (from the US Census 2020). Rose Memorial Library is governed by an elected Board of Trustees. It is a member of the Ramapo Catskill Library System. The library is supported primarily through municipal and school district tax assessments.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$703,596$438,679▼ $264,917
Land, Buildings, and Equipment, Net$140,217$250,738▲ $110,521
Savings and Temporary Cash Investments$22,359$116,963▲ $94,604
Cash and Non-Interest-Bearing Accounts$17,304$1,715▼ $15,589
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$888,272$820,731▼ $67,541
Other Assets Total$4,796$12,636▲ $7,840
Liabilities
Accounts Payable and Accrued Expenses$26,422$16,942▼ $9,480
Other Liabilities$4,796$12,635▲ $7,839
Total Liabilities$31,218$29,577▼ $1,641
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$857,054$791,154▼ $65,900
Total Net Assets Fund Balance$857,054$791,154▼ $65,900
Total Liabilities and Net Assets / Fund Balance$888,272$820,731▼ $67,541

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$44,585$279,545$324,130
Other Land Buildings$81,786$150,163$231,949
Land$124,367-$124,367
Equipment-$17,140$17,140
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Alice MeachamExecutive DirectorFT$90,568$90,568

Board Members and Trustees

NameTitle
Amanda Pagan-glassPresident
Gina GuadagninoVice President
Christina HaighSecretary
Richard EggersTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$534,861
Program Service Revenue
$2,746
Investment Income
$30,131
Other Revenue
$0
All Other Contributions
$5,298
Change in Net Assets
$-65,900

Audited Revenue Reconciliation

Revenue per Audited Statements
$567,738
Total Revenue per Audited Statements
$567,738
Total Revenue per Form 990
$567,738
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$441,860
Other Expenses$191,778
Total Fundraising Expense$1,576
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$217,986$99,772-$317,758
Current Officers, Directors, Trustees, and Key Employees$72,685$18,171-$90,856
Depreciation Depletion$43,524$1,346-$44,870
Pension Plan Contributions$30,254$2,992-$33,246
All Other Expenses$14,447$11,363$1,576$27,386
Fees for Services Other$18,077--$18,077
Insurance$12,197$1,206-$13,403
Other Expenses$11,414$1,129-$12,543
Fees for Services Accounting-$9,605-$9,605
Office Expenses$5,895$583-$6,478
Advertising$1,561--$1,561
Fees for Services Legal-$1,500-$1,500
Total Functional Expenses$481,047$151,015$1,576$633,638

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$633,638
Total Expenses per Audited Statements$633,638
Total Expenses per Form 990$633,638
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
lEASE lIABILITY$12,635
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

return is presented to the board at a board meeting and emailed to all members for review prior to filing

Form 990, Part VI, Section B, Line 12C

Organization trustees monitor conflict of interest policy

Form 990, Part VI, Section B, Line 15A

Library director compensation is reviewed and approved by the board of trustees.

Form 990, Part VI, Section C, Line 19

documents are available upon request

Filing and Contact Details

Filer

Filer Name
Rose Memorial Library Association
EIN
13-2558480
Phone
8457862100
Address
79 EAST MAIN STREET, STONY POINT, NY 10980

Signing Officer

Name
Amanda Pagan-glass
Title
President
Signed
2025-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Amanda Pagan-glass
Formed
1952
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
4
Employees
15
Volunteers
49

Preparer

Firm
Berard & Associates Cpas Pc
Address
44 PARK AVE, SUFFERN, NY 10901
Preparer
Donalee R Berard
Phone
8453575668
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IRS990/MissionDesc0The Rose Memorial Library Association is a New York State not-for-profit corporation charted by the Regents of the State of New York and founded in 1949. It is organized to serve the educational, cultural, and social needs of the community of the Town of Stony Point. It is concerned with providing opportunities for community connection and gathering, and providing materials and programming for literacy, educational, and cultural purposes. The organization currently provides services for 14,813 residents (from the US Census 2020). Rose Memorial Library is governed by an elected Board of Trustees. It is a member of the Ramapo Catskill Library System. The library is supported primarily through municipal and school district tax assessments.
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0lEASE lIABILITY
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0return is presented to the board at a board meeting and emailed to all members for review prior to filing
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ORGANIZATION TRUSTEES MONITOR CONFLICT OF INTEREST POLICY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2LIBRARY DIRECTOR COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3documents are available upon request
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
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IRS990/USAddress/AddressLine1Txt079 EAST MAIN STREET
IRS990/USAddress/CityNm0STONY POINT
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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