Totals
- Total revenue
- $101,945
- Total expenses
- $93,287
- Contributions and grants received
- $7,716
- Grants paid
- $0
- Program service revenue
- $55,240
- Investment income
- $38,989
- Other revenue
- $0
- Total assets, end of year
- $495,563
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $495,563
- Program services expenses (Part IX)
- $93,287
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $93,287
Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$7,716
-
2a · Program service revenue: PROGRAM SERVICE REVENUE
total $55,240 · related or exempt $55,240
-
3 · Investment income
total $7,771 · related or exempt $7,771
-
7a · Gross sales of assets other than inventory
securities $78,165 · other assets $3,105
-
7b · Less cost or other basis and sales expenses
securities $50,052
-
7c · Gain or loss
securities $28,113 · other assets $3,105
-
7d · Net gain or loss
total $31,218 · related or exempt $31,218
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $50,897 · program services $50,897
-
10 · Payroll taxes
total $6,340 · program services $6,340
-
11c · Fees: accounting
total $750 · program services $750
-
11f · Fees: investment management
total $1,290 · program services $1,290
-
11g · Fees: other
total $694 · program services $694
-
13 · Office expenses
total $1,285 · program services $1,285
-
16 · Occupancy
total $21,325 · program services $21,325
-
22 · Depreciation, depletion and amortization
total $1,318 · program services $1,318
-
23 · Insurance
total $1,156 · program services $1,156
-
24a · Other expenses: BOOKS
total $2,527 · program services $2,527
-
24b · Other expenses: 4 COUNTY AND PROGRAM EXP
total $2,313 · program services $2,313
-
24c · Other expenses: SUPPLIES
total $1,521 · program services $1,521
-
24d · Other expenses: TELEPHONE
total $1,246 · program services $1,246
-
24e · All other expenses
total $625 · program services $625
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $8,634 · end of year $3,016
-
2 · Savings and temporary cash investments
beginning of year $239,073 · end of year $228,972
-
10a · Land, buildings and equipment: cost or other basis
$6,860
-
10b · Land, buildings and equipment: accumulated depreciation
$4,884
-
10c · Land, buildings and equipment, net
beginning of year $3,293 · end of year $1,976
-
11 · Investments: publicly traded securities
beginning of year $243,534 · end of year $261,599
-
27 · Net assets without donor restrictions
beginning of year $494,534 · end of year $495,563
Mission and programs · 2024
Mission
LIBRARY CHARTERED TO SERVE THE TOWN OF OTEGO (3,115)
-
PROVIDE LIBRARY SERVICES TO THE TOWN OF OTEGO.
Expenses $93,287 · Revenue $55,240
As filed on the 2024 return.
Listed in Part VII
-
James CochranJAMES COCHRAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Brendan GaffneyBRENDAN GAFFNEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Kathy LeahyKATHY LEAHY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Sarah LivingstonSARAH LIVINGSTON
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Ron PlebanRON PLEBAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Barbara RothenbergBARBARA ROTHENBERG
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
David StoryDAVID STORY
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 1
-
Denise StroutDENISE STROUT
TREASURER
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 5 July 2025
- IRS schema version
- 2024v5.0
- Source object
- 202511979349301556
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