Middle Country Library Foundation … - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1997

Legal Domicile

Phone

6315859393

Tax Period

2024-07-01 to 2025-06-30

Middle Country Library Foundation Inc, founded in 1997, is a small nonprofit in the Education sector that reported $383K in total revenue in fiscal year 2024. Revenue surged 89% from the prior year, signaling strong growth momentum. The organization ran a surplus of $162K, a strong 42% operating margin.

Mission

To advance development of innovative Library based programs that focus on families, children, businesses, literacy and information technologies.

Program Service Accomplishments

Program 1

Expenses: $113,141

FUNDS ARE PAID TO THE MIDDLE COUNTRY PUBLIC LIBRARY TO ENHANCE ITS FAMILY PLACE PROGRAMS. Working in collaboration with community agencies, Family Place librarians reach out to parents and caregivers to provide the local network families need to nurture their children during the first years of life and ensure they enter school ready to learn.

Program 2

Expenses: $37,000

Other program services consist of the 2-1-1 Long Island Database, the Nature Explorium, Miller Business Center, Adult Literacy and Museum Corner.

Program 3

Expenses: $7,911

Networking and trade show opportunities include Women's EXPO and Strictly Business

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $102,616

Program Service Revenue $38,707

Investment Income $241,760

Other Revenue $0

TOTAL REVENUE $383,083

Expense Breakdown

Grants Paid $148,809

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $158,052

Other Expenses $72,344

TOTAL EXPENSES $221,153

Year-over-Year Comparison

	2024	2023	Change
Revenue	$383,083	$202,198	+0.9%
Expenses	$221,153	$284,612	-0.2%
Net Income	$161,930	$-82,414	-3.0%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$322,785

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sophia Serlis-McPhillips	Director	5.00	Officer	$0	$84,518	$322,785
Sandra Sprows Ph D	Chair	1.00	Officer Director	$0	$0	$0
Maria Gasparis Esq	Vice Chair	1.00	Officer Director	$0	$0	$0
Shirley Singletary	Secretary	1.00	Officer Director	$0	$0	$0
James Verdi CFP	Treasurer	1.00	Officer Director	$0	$0	$0
Mario A Ruggiero	Trustee	1.00	Director	$0	$0	$0
Henry G Bramwell Jr	Trustee	1.00	Director	$0	$0	$0
Mitchell J Birzon Esq	Trustee	1.00	Director	$0	$0	$0
Joanne Davila PhD	Trustee	1.00	Director	$0	$0	$0
Maryellen Ferretti	Trustee	1.00	Director	$0	$0	$0
Robert C Fitton	Trustee	1.00	Director	$0	$0	$0
Arthur Giove Jr	Trustee	1.00	Director	$0	$0	$0
Ronald Harrington	Trustee	1.00	Director	$0	$0	$0
Willard Parker Hough	Trustee	1.00	Director	$0	$0	$0
Shahnilla Jamal	Trustee	1.00	Director	$0	$0	$0
Christopher Kelly	Trustee	1.00	Director	$0	$0	$0
Neela Mukherjee Lockel	Trustee	1.00	Director	$0	$0	$0
Judy Murrah	Trustee	1.00	Director	$0	$0	$0
Joanne Quinn-Beers	Trustee	1.00	Director	$0	$0	$0
Yvonne Spreckels	Trustee	1.00	Director	$0	$0	$0
Robin Sultan	Trustee	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$383,083	$221,153	$3,222,231	$161,930
2024	$202,198	$284,612	$2,927,484	$-82,414
2023	$289,926	$269,886	$2,748,628	$20,040
2022	$438,205	$157,619	$2,607,198	$280,586
2021	$246,029	$139,219	$3,027,956	$106,810
2020	$131,176	$152,079	$2,502,896	$-20,903
2019	$218,043	$200,478	$2,534,291	$17,565
2018	$294,139	$253,790	$2,408,948	$40,349

Middle Country Library Foundation Inc