2025-11-17T14:08:28-08:00 2024-12-31 161013595 Port Kashdin & McSherry CPAs 3535 West Rd Cortland NY 13045 990 2024-01-01 150569362 CORTLAND FREE LIBRARY CORT 6077531042 32 CHURCH STREET CORTLAND NY 13045 LAUREN MOSSOTTI-KLINE President 2025-11-17 true true DEBORAH HAYDEN P00188232 6077565681 2024 2025-03-06 01:10:19Z LAUREN MOSSOTTI-KLINE 32 CHURCH STREET CORTLAND NY 13045 1694971 false X CORTLANDFREELIBRARY.ORG X 1925 NY PROVIDING INFORMATION, MATERIALS, AND PROGRAMS THAT EDUCATE, INSPIRE, ENRICH, ENTERTAIN AND INFORM; PROMOTING THE TOOLS, SKILLS, AND TECHNIQUES FOR LITERACY DEVELOPMENT, LANGUAGE SKILL ACQUISITION, LIFELONG LEARNING, RECREATION, AND RESEARCH. 14 14 19 30 0 488020 793407 15270 12834 208904 334317 987 1154 713181 1141712 0 0 373569 391665 0 0 298165 301522 671734 693187 41447 448525 6295417 6837120 586010 357698 5709407 6479422 PROVIDING INFORMATION, MATERIALS, AND PROGRAMS THAT EDUCATE, INSPIRE, ENRICH, ENTERTAIN AND INFORM; PROMOTING THE TOOLS, SKILLS, AND TECHNIQUES FOR LITERACY DEVELOPMENT, LANGUAGE SKILL ACQUISITION, LIFELONG LEARNING, RECREATION, AND RESEARCH. false false 576600 12834 Association library services and programs provided, including the loan of approximately 90,000 catalogued items to 9,800 registered borrowers in the local area. 576600 true false false false false false false true false false true false false false true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 4 0 true 19 true false false false false false false false 0 false false false false false false false X 14 14 false false false false false false false true true false false true true true true true true true false false X KACIE HARDER 6077531042 32 CHURCH STREET CORTLAND NY 13045 JESSICA MAGELANER LIBRARYDIRECTOR 37.50 0.00 X 30000 0 0 JEN GRANEY FORMER DIRECTOR 37.50 0.00 X 21879 0 0 KRISTINA PETRELLA FURI Trustee 1.00 0.00 X 0 0 0 Julie Campbell Trustee 1.00 0.00 X 0 0 0 MIKE ANDERSON Secretary 2.00 0.00 X X 0 0 0 GLENN REISWEBER Trustee 1.00 0.00 X 0 0 0 JOHN HOESCHELE Vice President 2.00 0.00 X X 0 0 0 BONNIE HAINES Trustee 1.00 0.00 X 0 0 0 Kathleen Hennessy Trustee 1.00 0.00 X 0 0 0 KATHLEEN ELLIOT-BIRDSALL Trustee 1.00 0.00 X 0 0 0 LAUREN MOSSOTTI-KLINE President 2.00 0.00 X X 0 0 0 KIM HAY Trustee 1.00 0.00 X 0 0 0 BRYAN RICCARDI Trustee 1.00 0.00 X 0 0 0 LIZ COLE Trustee 1.00 0.00 X 0 0 0 MARK WEBSTER Treasurer 3.00 0.00 X X 0 0 0 MYRON WALTER Trustee 1.00 0.00 X 0 0 0 EUGENE WALDBAUER Trustee 0.00 0.00 X 0 0 0 51879 0 false false false 0 760332 33075 793407 Fines & Compensating Fees 11412 11412 SALE OF BOOKS 1422 1422 12834 143219 143219 0 0 0 744357 553259 191098 191098 191098 0 0 0 OTHER REVENUE 1154 1154 1154 1141712 205086 143219 0 0 0 0 51879 41503 10376 0 259780 207824 51956 0 56847 45478 11369 23159 18527 4632 0 0 0 0 0 0 0 0 0 0 0 20631 16505 4126 0 0 0 0 0 70584 56467 14117 14244 12820 1424 Supplies & Materials 106350 101032 5318 contracted services 38983 31186 7797 Repairs & Maintanence 35645 32080 3565 technology 11101 9991 1110 3984 3187 797 693187 576600 116587 0 809073 598029 0 0 237104 243862 0 0 0 0 0 3184628 1375730 1803839 1808898 3441066 3988345 0 0 4335 1112 196874 6295417 6837120 13297 15783 558227 324644 14486 17271 586010 357698 X 4125753 4890367 1583654 1589055 5709407 6479422 6295417 6837120 X 448525 319189 2301 X true X false true false X 270321 96587 184154 55070 338094 944226 401024 408135 416298 432950 455313 2113720 0 671345 504722 600452 488020 793407 3057946 0 3057946 70332 73293 83731 91873 143219 462448 0 12168 12801 17172 15270 12834 70245 3590639 0.85160 0.85330 X X false 18750 18750 1649134 671133 978001 1168503 630315 538188 316304 55222 261082 31937 19060 12877 1808898 Accrued Liabilities 17265 Rounding 6 17271 X Part III, Line 1a: If organization elected under SFAS 116 to not report are, historical treasures, o The Library's collections, which were acquired through purchases and contributions since the Library's inception, consist of approximately 90,000 items that are held for educational, research, entertainment and recreational purposes. Each of the items is catalogued, preserved and cared for; and activities verifying their existence and assessing their condition are performed continuously. The collections are not recognized as assets in the statements of financial position. Purchases of collections items are recorded as expenses in the year in which the items are purchased. Contributed collection items are not reflected in the financial statements. Part III, Line 4: Description of organization's collections and how it furthers its purpose. The Library's collections, which were acquired through purchases and contributions since the Library's inception, consist of approximately 90,000 items that are held for educational, research and special curatorial purposes. These items are available for public use. Part V, Line 4: Intended uses of the endowment fund. Endowment funds are designated for the purchase of materials or programs not included in the normal budget of the Library and to help fund other operating expenses as deemed necessary. Part X : FIN48 Footnote The Library follows the standards for accounting for uncertainty in income taxes. This standard establishes a recognition threshold and measurement process for income tax positions recognized in an enterprises financial statements. At December 31, 2024, the Library did not have any unrecognized tax benefits or any related accrued interest or penalties. The tax years open to examination by the federal taxing authorities are 2022 through 2024.Significant management judgment is required in determining uncertain tax positions. While the Library bases its estimates on historical experience and various other assumptions that management believes to be reasonable under the circumstances, actual results may differ from these estimates, and, as a result, could have a material impact on the financial position. Form 990, Part VI, Section B, Line 11b A draft copy of Form 990 is provided to management and the Board of Trustees for review prior to filing. Form 990, Part VI, Section B, Line 12c BOARD OF TRUSTEES ARE REQUIRED TO DISCLOSE ANY POTENTIAL OR CURRENT CONFLICTS OF INTEREST ANNUALLY OR AS THEY ARISE. Form 990, Part VI, Section B, Line 15a ONCE THE LIBRARY'S BUDGET IS APPROVED BY THE BOARD, THE PERSONNEL AND FINANCE COMMITTEES REVIEW THE AMOUNT ALLOCATED FOR PAYROLL AND RECOMMEND A PERCENT INCREASE FOR THE LIBRARY DIRECTOR'S ANNUAL SALARY. ONCE THE DIRECTOR'S SALARY IS APPROVED BY THE BOARD OF TRUSTEES, THE DIRECTOR RECOMMENDS WAGES FOR ALL OTHER STAFF. IF THE DIRECTOR'S RECOMMENDATIONS FOLLOW NYS MINIMUM WAGE GUIDELINES AND ARE WITHIN THE ALLOTTED BUDGET, THE WAGES ARE APPROVED BY THE BOARD. Form 990, Part VI, Section C, Line 19 Governing documents, policies and financial statements are made available upon request. Form 990, Part XI, Line 9 Prior period Adjustment = $2301