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Nonprofit · EIN 16-6066036

LAKEWOOD MEMORIAL LIBRARY

Tax-exempt · LAKEWOOD, NY 14750

Financials

$215K$251K2023$215K$267K2024
Revenue Expenses · by fiscal year end
Financials of LAKEWOOD MEMORIAL LIBRARY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$214,711$266,520-$51,809$1,211,811$0$1,211,811
December 31, 2023990$215,235$251,258-$36,023$1,237,840$0$1,237,840
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$182,935
of which government grants
$138,569
Program service revenue
$0
Investment income
$18,649
Net gain from sales of assets
$2,344
Net income from fundraising events
$10,737
Other revenue
$13,127

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$68,069
Other salaries and wages
$72,178
Salaries, compensation and benefits (total)
$153,183
Professional fundraising fees
$0
Accounting fees
$4,600
Occupancy
$28,505
Depreciation
$31,620
Program services (functional)
$222,527
Management and general (functional)
$31,762
Fundraising (functional)
$12,231

Balance sheet and other

Total assets, start of year
$1,237,840
Total assets, end of year
$1,211,811
Total liabilities, end of year
$0
Net assets, end of year
$1,211,811
Land, buildings and equipment
$807,561
Publicly traded securities
$364,571
Net assets without donor restrictions
$1,210,173
Net assets with donor restrictions
$1,638
Gross receipts
$249,688
Employees
7
Volunteers
80
Year formed
1968
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 / weekCompensationOther / benefits
SHANNON M TAYLORLIBRARY DIRE
Officer
40$60,325$7,744
NANCY PADAKPRESIDENT
Trustee or director, Officer
1$0$0
CHRISTINE SWANSONSECRETARY
Trustee or director, Officer
1$0$0
LYNN KINNEARTRUSTEE
Trustee or director
1$0$0
MITCH KLEINTREASURER
Trustee or director, Officer
1$0$0
MARIA MALMSTRMTRUSTEE
Trustee or director
1$0$0
NICHOLAS SPRYVICE PRESIDE
Trustee or director, Officer
1$0$0
JADE BARBERTRUSTEE
Trustee or director
1$0$0
LISA VANDEWARKTRUSTEE
Trustee or director
1$0$0
LISA YAGGIETRUSTEE
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 11 people
NameTitleHours / weekCompensationOther / benefits
SHANNON M TAYLORLIBRARY DIRE
Officer
40$50,587$7,608
MARY MCCAGUEVICE PRESIDE
Officer
1$0$0
NANCY PADAKPRESIDENT
Officer
1$0$0
MARY SEGERTRUSTEE
Trustee or director
1$0$0
CHRISTINE SWANSONSECRETARY
Officer
1$0$0
HEIDI SCHWABTREASURER
Officer
–$0$0
PAUL ANDREWSTRUSTEE
Trustee or director
1$0$0
LYNN KINNEARTRUSTEE
Trustee or director
1$0$0
MITCH KLEINTREASURER
Officer
1$0$0
MARIA MALMSTRMTRUSTEE
Trustee or director
1$0$0
NICHOLAS SPRYTRUSTEE
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
12 W SUMMIT ST, LAKEWOOD, NY 14750-1152
Principal officer (990 for 2024)
NANCY PADAK, 12 WEST SUMMIT STREET, LAKEWOOD, NY 14750
Signed the 990
SHANNON M TAYLOR, LIBRARY DIRECTOR
Phone
(716) 763-6234
Return prepared by
SAXTON KOCUR AND ASSOCIATES LLP

Mission

LIBRARY FOR THE GENERAL PUBLIC.

990 for the year ended December 31, 2024

Program accomplishments

  • PUBLIC LIBRARY WITH BOOKS, MAGAZINES AND PERIODICALS AVAILABLE FOR CIRCULATION TO THE GENERAL PUBLIC.
    Expenses $222,527

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
16-6066036
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
1968
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B71Z)
Assets (IRS master file)
$1,211,811
Income (IRS master file)
$249,688

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$214,711$266,520$1,211,811XML
990December 2023$215,235$251,258$1,237,840XML
990December 2022$609,773$356,063$1,253,478IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––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 16-6066036).

Questions about LAKEWOOD MEMORIAL LIBRARY

What is the EIN of LAKEWOOD MEMORIAL LIBRARY?
The employer identification number (EIN) of LAKEWOOD MEMORIAL LIBRARY is 16-6066036.
Is LAKEWOOD MEMORIAL LIBRARY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1968.
Are donations to LAKEWOOD MEMORIAL LIBRARY tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does LAKEWOOD MEMORIAL 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 LAKEWOOD MEMORIAL 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 LAKEWOOD MEMORIAL 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 LAKEWOOD MEMORIAL LIBRARY?
The 990 for the year ended December 31, 2024 names NANCY PADAK.
Who are the officers and directors of LAKEWOOD MEMORIAL LIBRARY?
The 990 for the year ended December 31, 2024 lists 10 people; 1 received compensation from the organization, the highest $60,325 (SHANNON M TAYLOR, LIBRARY DIRE).
How much revenue does LAKEWOOD MEMORIAL LIBRARY have?
On its 990 for the year ended December 31, 2024 it reported revenue of $214,711, expenses of $266,520 and total assets of $1,211,811 at year end.

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