Liabilities / Assets
18th percentile
Tied with the lowest-debt nonprofits in its peer group.
EIN 54-2171200 • 501(c)3 • Gloversville, NY
Profile
The foundations sole purpose is to raise funds in support of the gloversville public library in gloversville new york.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
18th percentile
Tied with the lowest-debt nonprofits in its peer group.
Liabilities / Revenue
19th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
91st percentile
Higher net margin than 91% of similar nonprofits.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
55th percentile
Faster asset growth than 55% of similar nonprofits.
Revenue Growth
96th percentile
Faster revenue growth than 96% of similar nonprofits.
Assets
Up$4,809,029
Up $257,540 (+5.7%) from 2023
Liabilities
Down$0
Down $80 (-100%) from 2023
Net Assets
Up$4,809,029
Up $257,620 (+5.7%) from 2023
Revenue
Up$521,830
Up $348,717 (+201%) from 2023
Expenses
Up$222,442
Up $65,192 (+41%) from 2023
Net Income
Up$299,388
Up $283,525 (+1787%) from 2023
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
The foundations sole purpose is to raise funds in support of the gloversville public library in gloversville new york.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments in Publicly Traded Securities | $4,419,114 | $4,658,679 | ▲ $239,565 |
| Savings and Temporary Cash Investments | $118,528 | $134,149 | ▲ $15,621 |
| Cash and Non-Interest-Bearing Accounts | $13,847 | $16,201 | ▲ $2,354 |
| Total Assets | $4,551,489 | $4,809,029 | ▲ $257,540 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $80 | - | - |
| Total Liabilities | $80 | $0 | ▼ $80 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $4,537,562 | $4,792,828 | ▲ $255,266 |
| Net Assets With Donor Restrictions | $13,847 | $16,201 | ▲ $2,354 |
| Total Net Assets Fund Balance | $4,551,409 | $4,809,029 | ▲ $257,620 |
| Total Liabilities and Net Assets / Fund Balance | $4,551,489 | $4,809,029 | ▲ $257,540 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Michael J Frank | Treasurer Rec Sec | PT | $7,500 | $9,000 | $16,500 |
| Name | Title |
|---|---|
| Jeremiah Wood | President - Chairman |
| Jill Thaisz | Vice Chairman |
| Carole Gottung | Director |
| Charles W Reed | Director |
| Christine Pesses | Director |
| Craig Clark | Director |
| David R Fisher | Director |
| Greg Niforos | Director |
| Michael Ponticello | Director |
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $203,466 |
| Other Expenses | $17,267 |
| Total Fundraising Expense | $4,525 |
| Salaries, Compensation, and Employee Benefits | $1,709 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Orgs | $203,466 | - | - | $203,466 |
| Fees for Services Accounting | $7,500 | $4,675 | - | $12,175 |
| Information Technology | - | - | $2,450 | $2,450 |
| Other Salaries and Wages | - | - | $1,227 | $1,227 |
| Office Expenses | - | $1,030 | - | $1,030 |
| Payroll Taxes | - | - | $482 | $482 |
| Other Expenses | $51 | $275 | $366 | $366 |
| Total Functional Expenses | $211,937 | $5,980 | $4,525 | $222,442 |
| Line Item | Amount |
|---|---|
| Total Expenses per Form 990 | $222,442 |
| Expenses per Audited Statements | $221,473 |
| Total Expenses per Audited Statements | $221,473 |
| Expenses Not Reported on Financial Statements | $969 |
| Other Expense Adjustments | $-2 |
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Gloversville Public Library | Gloversville, NY | 501c3 | Library Support | $203,466 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| Mail Solicitation | $60,118 | - | $4,525 | - |
| Total Events | $60,118 | - | $4,525 | $-4,525 |
| Liability | Amount |
|---|---|
| Federal income taxes | - |
“At directors meetings board members are asked to report any transaction that might result in a conflict of interest with the foundation. This is documented in the minutes of the meetings.”
“Copies of financial statements and governing documents may be obtained by contacting the library or the foundation treasurer at his address or phone number”
“ROUNDING DIFFERENCES”
“ROUNDING DIFFERENCES”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990ScheduleA/FactsAndCircumstancesTestTxt | 0 | Part III Section A Line 10 THE GLOVERSVILLE LIBRARY FOUNDATION WAS ESTABLISHED TO PROVIDE SUPPORT FOR THE GLOVERSVILLE PUBLIC LIBRARY, A 501-C-3 CORPORATION WHICH AS A PUBLIC TAX PAYER SUPPORTED ORGANIZATION CANNOT CONDUCT FUNDRAISING ACTIVITIES. THE FOUNDATION RECEIVES BEQUESTS AND OTHER DONATIONS TO HELP IN SUPPORTING THE PUBLIC LIBRARY. THE FOUNDATION INVESTS LARGE BEQUESTS IN ORDER TO RAISE ADDITIONAL FUNDS TO SUPPORT THE LIBRARY. FROM TIME TO TIME FUNDRAISING IS CONDUCTED IN SUPPORT OF THE LIBRARY. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | PUBLIC SUPPORT IS WELL IN EXCESS OF 10 AT APPROXIMATELY 28 FOR 2024. THIS PERCENTAGE IS LOWER THAN NORMAL DUE TO LARGE UNUSUAL REALIZED CAPITAL GAINS FROM INVESTMENTS TAKEN TO REPOSITION THE FOUNDATIONS PORTFOLIO BASED ON CURRENT INTEREST RATES AND ANTICIPATED FUTURE INTEREST RATES. DONATIONS RECEIVED HAVE HISTORICALLY COME FROM THE LOCAL COMMUNITY AT LARGE AND NOT FROM ONE FAMILY OR ORGANIZATION. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 1 | THE GLOVERSVILLE LIBRARY FOUNDATION, INC. HAS A GOVERNING BODY REPRESENTATIVE OF THE BROAD INTERESTS OF THE PUBLIC, INCLUDING COMMUNITY LEADERS AND PERSONS ELECTED BY A BROADLY BASED MEMBERSHIP. THE GLOVERSVILLE PUBLIC LIBRARY FACILITY SUPPORTED BY THE ORGANIZATION IS AVAILABLE TO THE PUBLIC ON A REGULAR AND CONTINUING BASIS. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | Part III Section A Line 10 |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 1 | Part III Section A Line 10 |
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| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 41797 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 44784 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 76128 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 26324 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 271877 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt | 0 | 157299 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt | 0 | 134907 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 128434 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 121350 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 136475 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt | 0 | 678465 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt | 0 | 157299 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt | 0 | 134907 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt | 0 | 128434 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt | 0 | 121350 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt | 0 | 136475 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt | 0 | 678465 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.71390 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0.72060 |
| IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/OtherIncome509Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/Post1975UBTIGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/PrivateFoundation170Ind | 0 | X |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.00000 |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 0.28610 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 0.27940 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 0 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 271877 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 82844 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 41797 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 44784 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 76128 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 26324 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 271877 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 240143 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 176704 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 173218 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 197478 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 162799 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 950342 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | true |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 969 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 221473 |
| IRS990ScheduleD/InclEscrowCustodialAcctLiabInd | 0 | false |
| IRS990ScheduleD/InvestmentExpensesNotIncld2Amt | 0 | 971 |
| IRS990ScheduleD/InvestmentExpensesNotIncldAmt | 0 | 971 |
| IRS990ScheduleD/NetUnrealizedGainsInvstAmt | 0 | -41767 |
| IRS990ScheduleD/OtherExpensesNotIncludedAmt | 0 | -2 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | Federal income taxes |
| IRS990ScheduleD/OtherRevenuesNotIncludedAmt | 0 | -1 |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 0 | Financial derivatives and other financial products |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 1 | Closely-held equity interests |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | -41767 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 970 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 520860 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | ROUNDING DIFFERENCES |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | ROUNDING DIFFERENCES |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | XI 4B |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | XII 4B |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 222442 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 521830 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 479093 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 221473 |
| IRS990ScheduleG/AgrmtProfFundraisingActyInd | 0 | false |
| IRS990ScheduleG/CntrctWith3rdPrtyForGameRevInd | 0 | false |
| IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt | 0 | 60118 |
| IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt | 0 | 60118 |
| IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt | 0 | 4525 |
| IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm | 0 | MAIL SOLICITATION |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt | 0 | 60118 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt | 0 | 60118 |
| IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt | 0 | -4525 |
| IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt | 0 | 4525 |
| IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt | 0 | 4525 |
| IRS990ScheduleG/GamingWithNonmembersInd | 0 | false |
| IRS990ScheduleG/LicensedStatesCd | 0 | NY |
| IRS990ScheduleG/MailSolicitationsInd | 0 | X |
| IRS990ScheduleG/MemberOfOtherEntityInd | 0 | false |
| IRS990ScheduleI/GrantRecordsMaintainedInd | 0 | true |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 0 | 203466 |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 0 | 501C3 |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 0 | LIBRARY SUPPORT |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 0 | GLOVERSVILLE PUBLIC LIBRARY |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 0 | 203042321 |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 0 | 58 E FULTON STREET |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 0 | GLOVERSVILLE |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 0 | 12078 |
| IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc | 0 | Book |
| IRS990ScheduleI/TotalOtherOrgCnt | 0 | 1 |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | AT DIRECTORS MEETINGS BOARD MEMBERS ARE ASKED TO REPORT ANY TRANSACTION THAT MIGHT RESULT IN A CONFLICT OF INTEREST WITH THE FOUNDATION. THIS IS DOCUMENTED IN THE MINUTES OF THE MEETINGS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | COPIES OF FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS MAY BE OBTAINED BY CONTACTING THE LIBRARY OR THE FOUNDATION TREASURER AT HIS ADDRESS OR PHONE NUMBER |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part VI, Section B, Line 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part VI, Section B, Line 19 |
| IRS990/SchoolOperatingInd | 0 | false |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | NY |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 4551489 |
| IRS990/TotalAssetsEOYAmt | 0 | 4809029 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 4551489 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 4809029 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalContributionsAmt | 0 | 82844 |
| IRS990/TotalEmployeeCnt | 0 | 1 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 4525 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 5980 |
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