RUTH KEELER MEMORIAL LIBRARY

EIN: 136181407 501(c)(3) Education

NORTH SALEM, NY

Total Revenue
$640,904
Total Expenses
$522,278
Total Assets
$1,693,254
Net Assets
$1,691,428
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1965
Legal Domicile
NY
Principal Officer
JACQUELINE FISHER
Phone
9146695161
Tax Period
2024-01-01 to 2024-12-31

RUTH KEELER MEMORIAL LIBRARY, founded in 1965, is a small nonprofit in the Education sector that reported $641K in total revenue in fiscal year 2024. The organization ran a surplus of $119K, a strong 19% operating margin.

Mission

The Ruth Keeler Memorial Library is an educational and cultural center for the North Salem community, serving residents from infants to senior citizens with print and multimedia resources as well as enriching programs. The library seeks to encourage an informed and connected community by promoting the joy of reading, Internet literacy, and by offering art and cultural events in a welcoming environment.

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Trantor Score

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

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $531,110
Program Service Revenue $645
Investment Income $75,572
Other Revenue $33,577
TOTAL REVENUE $640,904

Expense Breakdown

Grants Paid $0
Salaries & Benefits $301,160
Fundraising Expenses $5,089
Program Expenses $450,971
Other Expenses $221,118
TOTAL EXPENSES $522,278

Year-over-Year Comparison

2024 2023 Change
Revenue $640,904 $594,162 +0.1%
Expenses $522,278 $514,048 +0.0%
Net Income $118,626 $80,114 +0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
12
Volunteers
50

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
4
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CATHLEEN SULLI LIBRARY DIRECTOR 35.00
$96,720 $9,672 $106,392
EDRIS SCHERER Treasurer 4.00
Officer Director
$0 $0 $0
VIRGINIA CONNOLLY Trustee 4.00
Director
$0 $0 $0
LINDA GROSS Secretary 4.00
Officer Director
$0 $0 $0
SARA LYONS DAVIS Vice President 4.00
Officer Director
$0 $0 $0
KIM HARVIE Trustee 4.00
Director
$0 $0 $0
PATTY KRAVIT Trustee 4.00
Director
$0 $0 $0
ANITA ZANDER Trustee 4.00
Director
$0 $0 $0
JACQUELINE FISHER President 4.00
Officer Director
$0 $0 $0
ANDREW NORTHSHIELD Trustee 4.00
Director
$0 $0 $0
MARY CATE DEVEY Trustee 4.00
Director
$0 $0 $0
MICHELLE PETERS Trustee 4.00
Director
$0 $0 $0
BILL SHEA Trustee 4.00
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
2024 $640,904 $522,278 $1,693,254 $118,626
2023 $594,162 $514,048 $1,552,396 $80,114
2022 $595,915 $541,369 $1,430,391 $54,546
2021 $619,529 $482,775 $1,508,193 $136,754
2020 $555,741 $461,773 $1,325,986 $93,968
2019 $513,581 $478,849 $1,224,659 $34,732
2018 $473,615 $517,991 $1,152,575 $-44,376
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