Minerva Free Library in Sherman, New York (NY)

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Minerva Free Library
Employer Identification Number (EIN)160774942
Name of OrganizationMinerva Free Library
Address116 Miller St, Sherman, NY 14781
SubsectionCharitable Organization
Ruling Date05/1990
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$100,000 to $499,999
Income$25,000 to $99,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$375,095
Amount of Income$36,126
Form 990 Revenue Amount$36,126

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Financial snapshot ($)

Revenue for 2011

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2011)
Total revenue$39,047
Contributions, gifts, grants, and similar amounts received$6,909
Program service revenue including government fees and contracts$11,219
Membership dues and assessments$0
Investment income$20,864
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$55
Gross income from gaming$0
Gross income from fundraising events$55
Less: direct expenses from gaming and fundraising events$0
Gross profit from sales of inventory$0
Other revenue$0
Total expenses$35,675
Total net assets$374,919
Excess for the year$3,372
Net assets or fund balances at beginning of year$399,472
Other changes in net assets or fund balances$-27,925
Balance Sheets (for 2011)
Total assets$374,919
Total liabilities$0
Net assets or fund balances$374,919
Other Information (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2011)
2007 - 2011 Total
Total Support$176,651
Gifts, grants, contributions, and membership fees received$75,741
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$100,910
Gross receipts from related activities, etc.$0
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