Nonprofit · EIN 13-1635307
THE TRUSTEES OF THE NEW YORK SOCIETY LIBRARY
Tax-exempt · NEW YORK, NY 10075
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $31,414,155 | $4,021,049 | $27,393,106 | $62,744,093 | $1,248,807 | $61,495,286 |
| December 31, 2023 | 990 | $3,590,490 | $3,809,468 | -$218,978 | $55,306,942 | $462,925 | $54,844,017 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,403,389
- Program service revenue
- $804,744
- Investment income
- $27,166,132
- Royalties
- $21,248
- Net gain from sales of assets
- $21,622,643
- Other revenue
- $39,890
Expenses
- Grants and similar amounts paid
- $11,000
- Compensation of officers, directors and key employees
- $175,539
- Other salaries and wages
- $1,827,693
- Salaries, compensation and benefits (total)
- $2,424,266
- Professional fundraising fees
- $0
- Legal fees
- $7,854
- Accounting fees
- $29,694
- Occupancy
- $306,580
- Depreciation
- $176,733
- Program services (functional)
- $3,103,746
- Management and general (functional)
- $547,949
- Fundraising (functional)
- $369,354
Balance sheet and other
- Total assets, start of year
- $55,306,942
- Total assets, end of year
- $62,744,093
- Total liabilities, end of year
- $1,248,807
- Net assets, end of year
- $61,495,286
- Land, buildings and equipment
- $5,524,618
- Publicly traded securities
- $56,368,918
- Net assets without donor restrictions
- $56,050,863
- Net assets with donor restrictions
- $5,444,423
- Gross receipts
- $75,602,650
- Employees
- 34
- Volunteers
- 30
- Year formed
- 1754
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CAROLYN WATERS | HEAD LIBRARIAN Officer | 40 | $168,132 | $7,407 |
| SARA E HOLLIDAY | HEAD OF EVENTS Highest-paid employee | 40 | $114,052 | $34,450 |
| CHRISTOPHER HENRY | BUILDING SUPERINTENDENT Highest-paid employee | 40 | $102,695 | $38,305 |
| GEORGE LK FRELINGHUYSEN | CHAIR Trustee or director, Officer | 10 | $0 | $0 |
| TIMOTHY N WALLACH | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| SUSAN ROBBINS | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| ADRIENNE INGRUM | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| RALPH S BROWN JR | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| ADA PELUSO | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| BYRON BELL | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| CAROL COLLINS MALONE | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| CHARLES G BERRY | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| ELLEN M ISEMAN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| ELLIOT S OROL | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| EMILY MADISON | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
10 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FRANCESCA STANFILL | BOARD MEMBER Trustee or director | 2 | $0 |
| GRETCHEN RUBIN | BOARD MEMBER Trustee or director | 2 | $0 |
| JEAN PARKER PHIFER | BOARD MEMBER Trustee or director | 2 | $0 |
| JEANNETTE WATSON SANGER | BOARD MEMBER Trustee or director | 2 | $0 |
| JOHN SCHWOLSKY | BOARD MEMBER Trustee or director | 2 | $0 |
| LISA W HESS | BOARD MEMBER Trustee or director | 2 | $0 |
| ROBERT A CARO | BOARD MEMBER Trustee or director | 2 | $0 |
| THEODORE C ROGERS | BOARD MEMBER Trustee or director | 2 | $0 |
| WARREN ST JOHN | BOARD MEMBER Trustee or director | 2 | $0 |
| WILLIAM G BARDEL | BOARD MEMBER Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 28 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CAROLYN WATERS | HEAD LIBRARIAN Officer | 40 | $158,078 | $7,054 |
| JAMES ADDONA | HEAD OF DEVELOPMENT Highest-paid employee | 40 | $128,004 | $17,856 |
| MADJALIA SEYNOU | CONTROLLER Highest-paid employee | 40 | $110,186 | $29,410 |
| SARA E HOLLIDAY | HEAD OF EVENTS Highest-paid employee | 40 | $114,857 | $22,441 |
| GEORGE LK FRELINGHUYSEN | CHAIR Trustee or director, Officer | 10 | $0 | $0 |
| TIMOTHY N WALLACH | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| SUSAN ROBBINS | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| ADRIENNE INGRUM | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| AKOSUA ASAMOAH | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| BETTY KELLY SARGENT | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| BYRON BELL | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| CAROL COLLINS MALONE | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| CHARLES G BERRY | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| ELLA M FOSHAY | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| ELLEN M ISEMAN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| ELLIOT S OROL | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| EMILY MADISON | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| FRANCESCA STANFILL | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| GRETCHEN RUBIN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JEAN PARKER PHIFER | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JEANNETTE WATSON SANGER | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JOHN SCHWOLSKY | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| LAURENCE BERGREEN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| LISA W HESS | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| ROBERT A CARO | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| THEODORE C ROGERS | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| WARREN ST JOHN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| WILLIAM G BARDEL | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 53 E 79TH ST, NEW YORK, NY 10075-0250
- Principal officer (990 for 2024)
- CAROLYN WATERS, 53 EAST 79TH STREET, NEW YORK, NY 10075
- Signed the 990
- CAROLYN WATERS, HEAD LIBRARIAN
- Phone
- (212) 288-6900
- Website
- WWW.NYSOCLIB.ORG
- Return prepared by
- LUTZ AND CARR CPAS LLP
Mission
THE NEW YORK SOCIETY LIBRARY WAS FOUNDED IN 1754 BY THE NEW YORK SOCIETY, A CIVIC-MINDED GROUP FORMED IN THE BELIEF THAT THE AVAILABILITY OF BOOKS WOULD HELP THE CITY OF NEW YORK TO PROSPER.
Program accomplishments
- EVENTS AND EXHIBITIONSTHE LIBRARY IS OPEN TO THE PUBLIC FOR READING, REFERENCE,EXHIBITIONS, AND MANY EVENTS, WITH CIRCULATION AND OTHER SERVICES BYSUBSCRIPTION. AT END OF 2024, THE LIBRARY COUNTED 3,098 FAMILY, DUAL,INDIVIDUAL, E-MEMBERSHIP AND SCHOOL/INSTITUTIONAL MEMBERSHIPS. THELIBRARY HOUSES A COLLECTION OF OVER 300,000 VOLUMES, AND CIRCULATEDAPPROXIMATELY 55,000 TITLES TO MEMBERS IN 2024 AND LENT OUT 513 BOOKS TO 282 LIBRARIES IN 47 STATES THROUGH ITS INTERLIBRARY LOAN SERVICE.CONTINUE ON SCHEDULE OTHE LIBRARY OFFERS A DIVERSE CALENDAR OF EVENTS FOR READERS,WRITERS, AND CHILDREN, WITH MOST EVENTS OPEN TO BOTH MEMBERS AND NONMEMBERS.THE LIBRARY OFFERED OVER 276 PROGRAMS IN 2024, WITH PROGRAMMING HELDIN-PERSON, VIRTUALLY, AND HYBRID, WITH AN AUDIENCE IN THE THOUSANDS.THE ASSUNTA, IGNAZIO, ADA, AND ROMANO PELUSO EXHIBITION GALLERY, OPENTO THE PUBLIC, SHOWCASES RARE BOOKS AND MATERIALS ON LITERARY ANDHISTORICAL THEMES. IN 2024, THE LIBRARY OPENED ITS 270TH ANNIVERSARYEXHIBITION, TITLED A BELIEF IN BOOKS.Expenses $3,103,746 · grants $11,000 · revenue $823,386
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 13-1635307
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1934
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $62,744,093
- Income (IRS master file)
- $75,602,650
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $31,414,155 | $4,021,049 | $62,744,093 | XML |
| 990 | December 2023 | $3,590,490 | $3,809,468 | $55,306,942 | XML |
| 990 | December 2022 | $4,017,511 | $3,832,435 | $46,535,151 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-1635307).
Questions about THE TRUSTEES OF THE NEW YORK SOCIETY LIBRARY
- What is the EIN of THE TRUSTEES OF THE NEW YORK SOCIETY LIBRARY?
- The employer identification number (EIN) of THE TRUSTEES OF THE NEW YORK SOCIETY LIBRARY is 13-1635307.
- Is THE TRUSTEES OF THE NEW YORK SOCIETY LIBRARY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1934.
- Are donations to THE TRUSTEES OF THE NEW YORK SOCIETY LIBRARY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE TRUSTEES OF THE NEW YORK SOCIETY LIBRARY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE TRUSTEES OF THE NEW YORK SOCIETY LIBRARY due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE TRUSTEES OF THE NEW YORK SOCIETY LIBRARY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of THE TRUSTEES OF THE NEW YORK SOCIETY LIBRARY?
- The 990 for the year ended December 31, 2024 names CAROLYN WATERS.
- Who are the officers and directors of THE TRUSTEES OF THE NEW YORK SOCIETY LIBRARY?
- The 990 for the year ended December 31, 2024 lists 25 people; 3 received compensation from the organization, the highest $168,132 (CAROLYN WATERS, HEAD LIBRARIAN).
- How much revenue does THE TRUSTEES OF THE NEW YORK SOCIETY LIBRARY have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $31,414,155, expenses of $4,021,049 and total assets of $62,744,093 at year end.
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