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Nonprofit · EIN 15-0569362

CORTLAND FREE LIBRARY INC

Tax-exempt · CORTLAND, NY 13045

Financials

$713K$672K2023$1.1M$693K2024
Revenue Expenses · by fiscal year end
Financials of CORTLAND FREE LIBRARY INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,141,712$693,187$448,525$6,837,120$357,698$6,479,422
December 31, 2023990$713,181$671,734$41,447$6,295,417$586,010$5,709,407
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$793,407
of which government grants
$760,332
Program service revenue
$12,834
Investment income
$334,317
Net gain from sales of assets
$191,098
Other revenue
$1,154

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$51,879
Other salaries and wages
$259,780
Salaries, compensation and benefits (total)
$391,665
Professional fundraising fees
$0
Occupancy
$20,631
Depreciation
$70,584
Program services (functional)
$576,600
Management and general (functional)
$116,587

Balance sheet and other

Total assets, start of year
$6,295,417
Total assets, end of year
$6,837,120
Total liabilities, end of year
$357,698
Net assets, end of year
$6,479,422
Land, buildings and equipment
$1,808,898
Publicly traded securities
$3,988,345
Net assets without donor restrictions
$4,890,367
Net assets with donor restrictions
$1,589,055
Gross receipts
$1,694,971
Employees
19
Volunteers
30
Year formed
1925
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.

NameTitleHours / weekCompensation
JESSICA MAGELANERLIBRARYDIRECTOR
Officer
37.5$30,000
JEN GRANEYFORMER DIRECTOR
Officer
37.5$21,879
KRISTINA PETRELLA FURITrustee
Trustee or director
1$0
Julie CampbellTrustee
Trustee or director
1$0
MIKE ANDERSONSecretary
Trustee or director, Officer
2$0
GLENN REISWEBERTrustee
Trustee or director
1$0
JOHN HOESCHELEVice President
Trustee or director, Officer
2$0
BONNIE HAINESTrustee
Trustee or director
1$0
Kathleen HennessyTrustee
Trustee or director
1$0
KATHLEEN ELLIOT-BIRDSALLTrustee
Trustee or director
1$0
LAUREN MOSSOTTI-KLINEPresident
Trustee or director, Officer
2$0
KIM HAYTrustee
Trustee or director
1$0
BRYAN RICCARDITrustee
Trustee or director
1$0
LIZ COLETrustee
Trustee or director
1$0
MARK WEBSTERTreasurer
Trustee or director, Officer
3$0
2 more people on this return
NameTitleHours / weekCompensation
MYRON WALTERTrustee
Trustee or director
1$0
EUGENE WALDBAUERTrustee
Trustee or director
0$0
990 for the year ended December 31, 2023: 16 people
NameTitleHours / weekCompensation
KRISTINA PETRELLATrustee
Trustee or director
0$0
Julie CampbellTrustee
Trustee or director
0$0
MIKE ANDERSONSecretary
Trustee or director, Officer
0$0
GLENN REISWEBERTrustee
Trustee or director
0$0
JOHN HOESCHELEVice President
Trustee or director, Officer
0$0
BONNIE HAINESTrustee
Trustee or director
0$0
Kathleen HennessyTrustee
Trustee or director
0$0
Dr Mark MartinTrustee
Trustee or director
0$0
LAUREN MOSSOTTI-KLINEPresident
Trustee or director, Officer
0$0
KIM HAYTrustee
Trustee or director
0$0
BRYAN RICCARDITrustee
Trustee or director
0$0
LIZ COLETrustee
Trustee or director
0$0
MARK WEBSTERTreasurer
Trustee or director, Officer
0$0
MYRON WALTERTrustee
Trustee or director
0$0
EUGENE WALDBAUERTrustee
Trustee or director
0$0
JEN GRANEYLIBRARYDIRECTOR
Officer
37.5$0

Address and contacts

Address (IRS master file)
32 CHURCH ST, CORTLAND, NY 13045-2744
Principal officer (990 for 2024)
LAUREN MOSSOTTI-KLINE, 32 CHURCH STREET, CORTLAND, NY 13045
Signed the 990
LAUREN MOSSOTTI-KLINE, President
Phone
(607) 753-1042
Return prepared by
Port Kashdin & McSherry CPAs

Mission

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.

990 for the year ended December 31, 2024

Program accomplishments

  • Association library services and programs provided, including the loan of approximately 90,000 catalogued items to 9,800 registered borrowers in the local area.
    Expenses $576,600 · revenue $12,834

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
15-0569362
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1944
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B71Z)
Assets (IRS master file)
$6,837,120
Income (IRS master file)
$1,694,971

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,141,712$693,187$6,837,120XML
990December 2023$713,181$671,734$6,295,417XML
990December 2022$739,039$654,981$5,420,431IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS
990December 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 15-0569362).

Questions about CORTLAND FREE LIBRARY INC

What is the EIN of CORTLAND FREE LIBRARY INC?
The employer identification number (EIN) of CORTLAND FREE LIBRARY INC is 15-0569362.
Is CORTLAND FREE LIBRARY INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1944.
Are donations to CORTLAND FREE LIBRARY INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does CORTLAND FREE LIBRARY INC 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 CORTLAND FREE LIBRARY INC 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 CORTLAND FREE LIBRARY INC 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 CORTLAND FREE LIBRARY INC?
The 990 for the year ended December 31, 2024 names LAUREN MOSSOTTI-KLINE.
Who are the officers and directors of CORTLAND FREE LIBRARY INC?
The 990 for the year ended December 31, 2024 lists 17 people; 2 received compensation from the organization, the highest $30,000 (JESSICA MAGELANER, LIBRARYDIRECTOR).
How much revenue does CORTLAND FREE LIBRARY INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,141,712, expenses of $693,187 and total assets of $6,837,120 at year end.

Other nonprofits in CORTLAND

All nonprofits in CORTLAND · New York · Education