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Nonprofit · EIN 22-6002122

MOUNTAIN LAKES FREE PUBLIC LIBRARY

Tax-exempt · MOUNTAIN LKS, NJ 07046

Financials

$679K$478K2023$772K$560K2024
Revenue Expenses · by fiscal year end
Financials of MOUNTAIN LAKES FREE PUBLIC LIBRARY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$772,010$560,128$211,882$3,607,533$2$3,607,531
December 31, 2023990$678,726$477,854$200,872$3,532,460$2$3,532,458
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$455,884
of which government grants
$421,906
Program service revenue
$9,578
Investment income
$306,548
Net gain from sales of assets
$171,983
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$74,720
Other salaries and wages
$276,975
Salaries, compensation and benefits (total)
$381,888
Professional fundraising fees
$0
Accounting fees
$4,280
Occupancy
$10,727
Depreciation
$18,453
Program services (functional)
$524,520
Management and general (functional)
$35,608

Balance sheet and other

Total assets, start of year
$3,532,460
Total assets, end of year
$3,607,533
Total liabilities, end of year
$2
Net assets, end of year
$3,607,531
Land, buildings and equipment
$288,899
Publicly traded securities
$925,415
Net assets without donor restrictions
$338,453
Net assets with donor restrictions
$3,269,078
Gross receipts
$4,146,630
Employees
26
Volunteers
4
Year formed
1916
State of legal domicile
NJ

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
Bonnie CytronTrustee
Trustee or director
3$0
Ann GreekTrustee
Trustee or director
3$0
Bob BurnTrustee
Trustee or director
3$0
Jim MoodyTrustee
Trustee or director
3$0
Jonathan HolasekPresident
Officer
5$0
Mark HoffmanTreasurer
Officer
10$0
Gordon StussVice President
Officer
10$0
Sarita FinnieSecretary
Officer
5$0
Jennifer LynchManager40$0
990 for the year ended December 31, 2023: 11 people
NameTitleHours / weekCompensation
Jennifer LynchManager40$72,074
Bonnie CytronTrustee
Trustee or director
3$0
Doren GreeneTrustee
Trustee or director
3$0
Kathleen MerrittTrustee
Trustee or director
3$0
Ann GreekTrustee
Trustee or director
3$0
Bob BurnTrustee
Trustee or director
3$0
Jim MoodyTrustee
Trustee or director
3$0
Jonathan HolasekPresident
Officer
5$0
Mark HoffmanTreasurer
Officer
10$0
Sandy BattyVice President
Officer
10$0
Gretchen HiltonSecretary
Officer
5$0

Address and contacts

Address (IRS master file)
9 ELM RD, MOUNTAIN LKS, NJ 07046-1335
Signed the 990
Mark Hoffman, Treasurer
Phone
(973) 334-5095
Return prepared by
Dower & Associates

Mission

The mission of the Mountain Lakes Free Public Library is to provide free access to books, periodicals, magazines, audio, video, digital and internet media

990 for the year ended December 31, 2024

Program accomplishments

  • Operational expenses of a free public library by providing free access to books, periodicals, magazines, audio, video, digital and internet media
    Expenses $524,520

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
22-6002122
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
1980
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B71Z)
Assets (IRS master file)
$3,607,533
Income (IRS master file)
$4,146,630

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$772,010$560,128$3,607,533XML
990December 2023$678,726$477,854$3,532,460XML
990December 2022$1,020,431$404,064$3,412,205IRS
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 22-6002122).

Questions about MOUNTAIN LAKES FREE PUBLIC LIBRARY

What is the EIN of MOUNTAIN LAKES FREE PUBLIC LIBRARY?
The employer identification number (EIN) of MOUNTAIN LAKES FREE PUBLIC LIBRARY is 22-6002122.
Is MOUNTAIN LAKES FREE PUBLIC LIBRARY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1980.
Are donations to MOUNTAIN LAKES FREE PUBLIC LIBRARY tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MOUNTAIN LAKES FREE PUBLIC 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 MOUNTAIN LAKES FREE PUBLIC 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 MOUNTAIN LAKES FREE PUBLIC LIBRARY last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who are the officers and directors of MOUNTAIN LAKES FREE PUBLIC LIBRARY?
The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
How much revenue does MOUNTAIN LAKES FREE PUBLIC LIBRARY have?
On its 990 for the year ended December 31, 2024 it reported revenue of $772,010, expenses of $560,128 and total assets of $3,607,533 at year end.

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