Form 990 for tax year 2025
Filed by GLOVERSVILLE LIBRARY FOUNDATION INC.
Totals
- Total revenue
- $269,118
- Total expenses
- $214,782
- Contributions and grants received
- $108,722
- Grants paid
- $196,464
- Program service revenue
- $0
- Investment income
- $160,396
- Other revenue
- $0
- Total assets, end of year
- $5,415,967
- Total liabilities, end of year
- $46
- Net assets or fund balances, end of year
- $5,415,921
- Program services expenses (Part IX)
- $203,964
- Management and general expenses
- $6,844
- Fundraising expenses
- $3,974
- Program service expenses (Part III)
- $203,964
Program services were 95.0% 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.
-
1c · Fundraising events
$26,241
-
1f · All other contributions, gifts and grants
$82,481
-
3 · Investment income
total $160,271 · related or exempt $160,271
-
7a · Gross sales of assets other than inventory
securities $25,130
-
7b · Less cost or other basis and sales expenses
securities $25,005
-
7c · Gain or loss
securities $125
-
7d · Net gain or loss
total $125 · related or exempt $125
-
8a · Fundraising events: contributions included on line 1c
$26,241
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $196,464 · program services $196,464
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $851 · fundraising $851
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $409 · fundraising $409
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $13,000 · program services $7,500 · management and general $5,500
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $1,069 · management and general $1,069
-
14 · Information technology
total $2,450 · fundraising $2,450
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24a · Other expenses: FILING FEE CHARITIES BUREAU
total $275 · management and general $275
-
24b · Other expenses: FUNDRAISING EXPENSES
total $264 · fundraising $264
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $16,201 · end of year $5,385
-
2 · Savings and temporary cash investments
beginning of year $134,149 · end of year $96,604
-
11 · Investments: publicly traded securities
beginning of year $4,658,679 · end of year $5,313,978
-
17 · Accounts payable and accrued expenses
end of year $46
-
27 · Net assets without donor restrictions
beginning of year $4,792,828 · end of year $5,410,536
-
28 · Net assets with donor restrictions
beginning of year $16,201 · end of year $5,385
Mission and programs · 2025
Mission
THE FOUNDATIONS SOLE PURPOSE IS TO RAISE FUNDS IN SUPPORT OF THE GLOVERSVILLE PUBLIC LIBRARY IN GLOVERSVILLE NEW YORK.
-
PROVIDING FINANCIAL SUPPORT FOR THE GLOVERSVILLE PUBLIC LIBRARY
Expenses $203,964
As filed on the 2025 return.
Listed in Part VII
-
Michael J FrankMICHAEL J FRANK
TREASURER REC SEC
- Total calculated
- $17,100
- From this org
- $7,500
- From related orgs
- $9,600
- Other
- $0
- Hours/week
- 5 + 10 related
-
Jeremiah WoodJEREMIAH WOOD
PRESIDENT - CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Carole GottungCAROLE GOTTUNG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Greg NiforosGREG NIFOROS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David R FisherDAVID R FISHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Craig ClarkCRAIG CLARK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael PonticelloMICHAEL PONTICELLO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jill ThaiszJILL THAISZ
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Christine PessesCHRISTINE PESSES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Caren PepperCAREN PEPPER
DIRECTOR
- 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
-
$196,464
LIBRARY SUPPORT
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 6 May 2026
- IRS schema version
- 2025v4.1
- Source object
- 202611669349300806
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