Civic Intelligence

Finger Lakes Library Systems

990 • Fiscal year 2024 • EIN 15-0613223

Jan 01, 2024 to Dec 31, 2024 • Filed on Oct 22, 2025

1300 Dryden RoadIthaca, NY 14850

(607) 273-4074

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

45th percentile

0.05x

Higher debt load relative to assets than 45% of similar nonprofits.

2024 filings • NTEE B • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

60th percentile

0.13x

Higher debt load relative to revenue than 60% of similar nonprofits.

2024 filings • NTEE B • $1M-$5M nonprofits • Source year 2024

Net Margin

37th percentile

-0.3%

Higher net margin than 37% of similar nonprofits.

2024 filings • NTEE B • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

69th percentile

$111,921

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 6.9% of source-year revenue.

2024 filings • NTEE B • $1M-$5M nonprofits • Source year 2024

Asset Growth

41st percentile

1.0%

Faster asset growth than 41% of similar nonprofits.

2024 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

12th percentile

-25%

Faster revenue growth than 12% of similar nonprofits.

2024 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$4,508,040

Up $42,951 (+1.0%) from 2023

Net Assets

Down

$4,293,733

Down $5,040 (-0.1%) from 2023

Liabilities

Up

$214,307

Up $47,991 (+29%) from 2023

Revenue

Down

$1,632,448

Down $530,837 (-25%) from 2023

Expenses

Up

$1,637,490

Up $111,645 (+7.3%) from 2023

Net Income

Down

-$5,042

Down $642,482 (-101%) from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2011: $1,639,855Liabilities 2011: $58,204Net Assets 2011: $1,581,6512011Assets 2012: $1,680,594Liabilities 2012: $55,485Net Assets 2012: $1,625,1092012Assets 2013: $1,836,781Liabilities 2013: $68,568Net Assets 2013: $1,768,2132013Assets 2014: $2,923,172Liabilities 2014: $774,925Net Assets 2014: $2,148,2472014Assets 2015: $3,207,696Liabilities 2015: $734,265Net Assets 2015: $2,473,4312015Assets 2016: $3,366,701Liabilities 2016: $717,303Net Assets 2016: $2,649,3982016Assets 2017: $3,440,594Liabilities 2017: $667,689Net Assets 2017: $2,772,9052017Assets 2018: $3,538,350Liabilities 2018: $637,710Net Assets 2018: $2,900,6402018Assets 2019: $3,554,901Liabilities 2019: $604,109Net Assets 2019: $2,950,7922019Assets 2020: $3,751,649Liabilities 2020: $598,265Net Assets 2020: $3,153,3842020Assets 2021: $3,557,709Liabilities 2021: $175,095Net Assets 2021: $3,382,6142021Assets 2022: $3,833,789Liabilities 2022: $172,456Net Assets 2022: $3,661,3332022Assets 2023: $4,465,089Liabilities 2023: $166,316Net Assets 2023: $4,298,7732023Assets 2024: $4,508,040Liabilities 2024: $214,307Net Assets 2024: $4,293,7332024

Highlighted filing

2024

Assets$4,508,040
Liabilities$214,307
Net Assets$4,293,733

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $1,907,6262011Expenses 2012: $1,738,0902012Revenue 2013: $1,864,292Expenses 2013: $1,721,188Net Income 2013: $143,1042013Revenue 2014: $1,935,816Expenses 2014: $1,555,782Net Income 2014: $380,0342014Revenue 2015: $1,989,305Expenses 2015: $1,664,121Net Income 2015: $325,1842015Revenue 2016: $1,907,900Expenses 2016: $1,728,959Net Income 2016: $178,9412016Revenue 2017: $2,053,177Expenses 2017: $1,927,480Net Income 2017: $125,6972017Revenue 2018: $2,141,100Expenses 2018: $2,011,349Net Income 2018: $129,7512018Revenue 2019: $1,769,686Expenses 2019: $1,719,534Net Income 2019: $50,1522019Revenue 2020: $1,645,015Expenses 2020: $1,442,423Net Income 2020: $202,5922020Revenue 2021: $1,662,099Expenses 2021: $1,432,869Net Income 2021: $229,2302021Revenue 2022: $1,768,257Expenses 2022: $1,489,538Net Income 2022: $278,7192022Revenue 2023: $2,163,285Expenses 2023: $1,525,845Net Income 2023: $637,4402023Revenue 2024: $1,632,448Expenses 2024: $1,637,490Net Income 2024: -$5,0422024

Highlighted filing

2024

Revenue$1,632,448
Expenses$1,637,490
Net Income-$5,042
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 22, 2025
Return Version
2024v5.2
Gross Receipts
$1,632,448
Mission and Program Overview

Mission

To stimulate, coordinate and strengthen library and information services within cayuga, cortland, seneca, tioga and tompkins counties.

To stimulate, coordinate and strengthen library and information services within cayuga, cortland, seneca, tioga, and tompkins counties.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,844,530$2,884,976▲ $40,446
Land, Buildings, and Equipment, Net$1,500,012$1,533,550▲ $33,538
Prepaid Expenses and Deferred Charges$47,306$61,399▲ $14,093
Pledges and Grants Receivable$51,552$0▼ $51,552
Cash and Non-Interest-Bearing Accounts$14,850$26,921▲ $12,071
Accounts Receivable$6,839$1,194▼ $5,645
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$4,465,089$4,508,040▲ $42,951
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$166,314$214,307▲ $47,993
Other Liabilities$2--
Total Liabilities$166,316$214,307▲ $47,991
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,868,990$3,696,950▼ $172,040
Net Assets With Donor Restrictions$429,783$596,783▲ $167,000
Total Net Assets Fund Balance$4,298,773$4,293,733▼ $5,040
Total Liabilities and Net Assets / Fund Balance$4,465,089$4,508,040▲ $42,951

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,431,360$407,253$1,838,613
Equipment$40,998$436,637$477,635
Land$60,000-$60,000
Other Land Buildings$1,192$5,308$6,500

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$250,000---$250,000
2023$250,000---$250,000
2022$250,000---$250,000
2021$250,000---$250,000
2020$250,000---$250,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Sarah GlogowskiExecutive DirectorFT$111,921$111,921

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,117,832
Program Service Revenue
$393,874
Investment Income
$43,907
Other Revenue
$76,835
All Other Contributions
$320,979
Change in Net Assets
$-5,042

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,632,448
Total Revenue per Audited Statements
$1,632,448
Total Revenue per Form 990
$1,632,448
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$840,132
Other Expenses$707,288
Grants and Similar Amounts Paid$90,070
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$356,748$119,854-$476,602
Other Employee Benefits$166,958$37,325-$204,283
Current Officers, Directors, Trustees, and Key Employees$81,702$30,219-$111,921
Other Expenses$95,792$28,361-$95,792
Grants to Domestic Orgs$90,070--$90,070
Depreciation Depletion$64,686$20,427-$85,113
Occupancy$62,344$20,025-$82,369
Payroll Taxes$36,914$10,412-$47,326
Fees for Services Other$3,013$14,348-$17,361
Insurance$8,543$4,104-$12,647
All Other Expenses$944--$944
Total Functional Expenses$1,351,638$285,852$0$1,637,490

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,637,490
Total Expenses per Audited Statements$1,637,490
Total Expenses per Form 990$1,637,490
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Tompkins County Public LibrarIthaca, NY-Llsa, Special Purpose, Cdla, Bullet$558,094
Cortland Free LibraryCortland, NY-Llsa, Special Purpose, Bullet$25,322
Groton Public LibraryGroton, NY-Llsa, Special Purpose, Mini Grant$23,340
Ulysses Phiomathic LibraryTrumansburg, NY-Llsa, Special Purpose, Bullet$20,514
Seneca Falls LibrarySeneca Falls, NY-Llsa, Special Purpose, Bullet$14,993
Seymour Public Library DistAuburn, NY-Llsa, Special Purpose, Mini Grant$14,776
Hazard Library AssociationPoplar Ridge, NY-Llsa, Special Purpose, Bullet$13,493
Southworth Library AssocDryden, NY-Llsa, Special Purpose, Mini Grant,$10,993
Cady LibraryNichols, NY-Llsa, Special Purpose$10,742
Lamont Memorial Free LibraryMcGraw, NY-Llsa, Special Purpose, Mini Grant$9,623
Phillips Free LibraryHomer, NY-Llsa, Special Purpose, Mini Grant$8,594
Lansing Community LibraryLansing, NY-Llsa, Special Purpose, Bullet$8,532
Newfield Public LibraryNewfield, NY-Llsa, Special Purpose, Bullet$7,993
Peck Memorial Library AssocMarathon, NY-Llsa, Special Purpose, Mini Grant$6,566
Waterloo Library & HistoricalWaterloo, NY-Llsa, Special Purpose, Mini Grant$5,579
Waverly Free LibraryWavery, NY-Llsa, Special Purpose, Mini Grant$5,493
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
Yes
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-
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
Yes
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

A copy of form 990 was provided to the organization's board of directors who reviewed and approved prior to filing.

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

Our administrative assistant collects conflict of interest forms at the first meeting of every year and asks at every trustee meeting if any conflict of interests have arisin since the last meeting.

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

The compensation paid to the executive director was reviewed and approved by the board of directors.

Form 990, Part VI, Section C, Line 19

The organization makes it governing documents, conflict of interest policy and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Finger Lakes Library System
EIN
15-0613223
Phone
6072734074
Address
1300 DRYDEN ROAD, ITHACA, NY 14850

Signing Officer

Name
Martin Toombs
Title
President
Signed
2025-10-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Martin Toombs
Formed
1965
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
8
Employees
16

Preparer

Firm
Port Kashdin & McSherry CPAs
Address
3535 West Rd, Cortland, NY 13045
Preparer
Deborah Hayden
Phone
6077565681
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

ROUNDING = $2

Financial Statement Notes

Part X : FIN48 Footnote

The System is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code and is classified by the Internal Revenue Service as a not-for-profit organization that is not a private foundation. Entities that are classified under this section of the code are taxed on unrelated business income as defined by IRS regulations. The System had no unrelated business income for the years ended December 31, 2024 and 2023, respectively. Accordingly, no provision for income taxes is made in the financial statements.The System follows the provisions of Accounting for Uncertainty in Income Taxes under the Income Taxes Topic of the Codification. This requires the evaluation of tax positions, which includes maintaining its tax-exempt status and the taxability of any unrelated business income and does not allow recognition of tax positions which do not meet a more-likely-than-not threshold of being sustained by the applicable tax authority. Management does not believe that it has taken any tax positions that would not meet this threshold. The Systems information returns are subject to possible federal examination, generally for three years after they are filed.

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IRS990/OtherExpensesGrp/Desc1BOOKS, FILMS & DATABASES
IRS990/OtherExpensesGrp/Desc2LIBRARY SERVICES & TRAVEL
IRS990/OtherExpensesGrp/Desc3SUPPLIES & EQUIPMENT FOR RESAL
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IRS990/OtherExpensesGrp/ProgramServicesAmt395792
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IRS990/OtherExpensesGrp/TotalAmt2109830
IRS990/OtherExpensesGrp/TotalAmt395792
IRS990/OtherLiabilitiesGrp/BOYAmt02
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt061399
IRS990/PrincipalOfficerNm0MARTIN TOOMBS
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt153110
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IRS990/PYOtherExpensesAmt0699057
IRS990/PYOtherRevenueAmt098949
IRS990/PYProgramServiceRevenueAmt0372508
IRS990/PYRevenuesLessExpensesAmt0637440
IRS990/PYSalariesCompEmpBnftPaidAmt0737679
IRS990/PYTotalExpensesAmt01525845
IRS990/PYTotalRevenueAmt02163285
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IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-5042
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt02844530
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01328410
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01245039
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01279673
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt05885
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt07018
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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt038855
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IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/CorrectionMadeInd0false
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IRS990ScheduleC/Form4720Filed4912TaxInd0false
IRS990ScheduleC/Form4720FiledSection4955TaxInd0false
IRS990ScheduleC/GrantsOtherOrganizationsInd0false
IRS990ScheduleC/MailingsMembersInd0true
IRS990ScheduleC/MediaAdvertisementsInd0false
IRS990ScheduleC/NotDescribedSection501c3Ind0false
IRS990ScheduleC/OtherActivitiesInd0false
IRS990ScheduleC/PaidStaffOrManagementInd0true
IRS990ScheduleC/PublicationsOrBroadcastInd0false
IRS990ScheduleC/RalliesDemonstrationsInd0false
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0Meeting with state elected representatives to provide information regarding the benefits of libraries to the community in order to eliminate or reduce proposed funding cuts in the NYS budget, as proposed by the governor. Most if not all mailings are electronic mailings not physical mailings.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0Part II-B, Line 1i - Other Activities Description
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc1Part IV - Additional Information
IRS990ScheduleC/VolunteersInd0true
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt0407253
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01838613
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0250000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0250000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0250000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0250000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0250000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0250000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0250000
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IRS990ScheduleD/ExpensesSubtotalAmt01637490
IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01192
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IRS990ScheduleD/RelatedOrgListSchRInd0false

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.51$0.21$4.29$1.63$1.64$0.01
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.47$0.17$4.30$2.16$1.53$0.64
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.83$0.17$3.66$1.77$1.49$0.28
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.56$0.18$3.38$1.66$1.43$0.23
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.75$0.60$3.15$1.65$1.44$0.20
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.55$0.60$2.95$1.77$1.72$0.05
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.54$0.64$2.90$2.14$2.01$0.13
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.44$0.67$2.77$2.05$1.93$0.13
2016Summary only. Only limited summary data is available for this year.$3.37$0.72$2.65$1.91$1.73$0.18
2015Detailed filing. Detailed filing data is available for this year.$3.21$0.73$2.47$1.99$1.66$0.33
2014Detailed filing. Detailed filing data is available for this year.$2.92$0.77$2.15$1.94$1.56$0.38
2013Detailed filing. Detailed filing data is available for this year.$1.84$0.07$1.77$1.86$1.72$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.68$0.06$1.63$1.74
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.64$0.06$1.58$1.91