2017-11-13T11:42:17-08:00 2016-12-31 Port Kashdin & McSherry CPAs 3535 West Rd Cortland NY 13045 990 2016-01-01 150569362 CORTLAND FREE LIBRARY CORT 6077531042 32 CHURCH STREET CORTLAND NY 13045 VIVIAN BOSCH President 2017-11-13 true KACIE HARDER P01619008 6077565681 2016 2017-02-10 21:41:12Z JACALYN SPOON CHURCH STREET Cortland NY 13045 1142909 false false X N/A X 1925 NY The lending of reading materials and other items included in a public library system which services the needs of the local area. 15 15 12 25 0 471335 443398 25435 14612 209802 148793 0 706572 606803 0 0 256809 261283 0 2612 228954 267708 485763 528991 220809 77812 4750673 4867786 257350 219246 4493323 4648540 The lending of reading materials and other items included in a public library system which services the needs of the local area. false false 451907 Public library services and programs provided, including the loan of approximately 90,000 catalogued items to 12,000 registered borrowers in the local area. 451907 true false false false false false false true false true true false false false true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 6 0 false 12 true false false false false false false false false 0 false false false false false false false false false false X 15 15 false false false false false false false true true false false true true true true true true true false false X LORRI MOORE 6077531042 32 CHURCH STREET CORTLAND NY 13045 Diane M Ames Trustee 0.00 0.00 X 0 0 0 Georgette Ogle Trustee 0.00 0.00 X 0 0 0 MIKE ANDERSON Trustee 0.00 0.00 X 0 0 0 John Whittleton Trustee 0.00 0.00 X 0 0 0 Linda Eberly Trustee 0.00 0.00 X 0 0 0 VIVIAN BOSCH President 0.00 0.00 X X 0 0 0 Kathleen Hennessy Trustee 0.00 0.00 X 0 0 0 Dr Mark Martin Treasurer 0.00 0.00 X X 0 0 0 LAURA GATHAGAN Trustee 0.00 0.00 X 0 0 0 KIM HAY Trustee 0.00 0.00 X 0 0 0 NICK ESPOSITO Trustee 0.00 0.00 X 0 0 0 MIMI GRISWOLD Secretary 0.00 0.00 X X 0 0 0 Russ Ruthig Vice President 0.00 0.00 X X 0 0 0 MYRON WALTER Trustee 0.00 0.00 X 0 0 0 RANDI STORCH Trustee 0.00 0.00 X 0 0 0 JACALYN SPOON Executive Direc 40.00 0.00 X 47668 0 0 47668 0 false false false 0 417117 26281 443398 Fines & Compensating Fees 14133 14133 Sale of Used Books/paint 479 479 14612 62725 62725 0 0 0 622174 536106 86068 86068 86068 0 0 0 0 606803 100680 62725 0 0 0 0 47668 42901 4290 477 0 163935 147542 14755 1638 0 33320 29988 2999 333 16360 14724 1472 164 0 0 5700 5700 0 0 0 0 0 0 0 0 16097 14487 1610 0 0 0 12061 12061 0 68709 61838 6871 0 Supplies & Materials 79058 73028 6030 Repairs & Maintanence 38884 34996 3888 technology 12801 11521 1280 contracted services 12019 12019 22379 20882 1497 528991 451907 74472 2612 240373 224829 0 0 274353 265667 0 0 0 0 143 684 2811609 866827 1826172 1944782 2396342 2421761 0 0 13288 10062 2 1 4750673 4867786 7169 6886 31571 2812 216346 205469 2264 4079 257350 219246 X 2925051 3068796 6025 17497 1562247 1562247 4493323 4648540 4750673 4867786 77812 77405 X false true X true false X 517577 237404 74352 103983 75698 1009014 350000 360150 360152 367352 367700 1805354 0 867577 597554 434504 471335 443398 2814368 0 2814368 74842 70510 75347 74646 62725 358070 0 21258 5495 16599 25435 14612 83399 3255837 0.86440 0.86530 X X false 2396342 225302 199883 2421761 2710002 -196282 117378 2396342 2743003 20649 53650 2710002 2425999 386597 69593 2743003 2224067 261602 59670 2425999 false false false 18750 18750 1649134 654101 995033 797644 172356 625288 330351 41838 288513 15730 -1468 17198 1944782 Accrued Liabilities 4079 4079 X 684208 77405 77405 606803 606803 528991 528991 528991 Part III, Line 1a: If organization elected under SFAS 116 to not report are, historical treasures, o The Library's collections, which were acquired through purchases and contributions since the Library's inception, consist of approximately 90,000 items that are held for educational, research and special curatorial purposes. Each of the items is catalogued, preserved and cared for; and activities verifying their existence and assessing their condition are performed continuously. The collections are subject to a policy that requires proceeds from their sales to be used to acquire other items for collections.The collections are not recognized as assets in the statements of financial position. Purchases of collections items are recorded as expenses in the year in which the items are purchased. Contributed collection items are not reflected in the financial statements. Part III, Line 4: Description of organization's collections and how it furthers its purpose. The Library's collections, which were acquired through purchases and contributions since the Library's inception, consist of approximately 90,000 items that are held for educational, research and special curatorial purposes. These items are available for public use. Part V, Line 4: Intended uses of the endowment fund. Endowment funds are designated for the purchase or materials or programs not included in the normal budget of the Library and to help fund other operating expenses as deemed necessary. Part X : FIN48 Footnote The Library follows the standards for accounting for uncertainty in income taxes. This standard establishes a recognition threshold and measurement process for income tax positions recognized in an enterprises financial statements. At December 31, 2016, the Library did not have any unrecognized tax benefits or any related accrued interest or penalties. The tax years open to examination by the federal taxing authorities are 2014 through 2016.Significant management judgment is required in determining uncertain tax positions. While the Library bases its estimates on historical experience and various other assumptions that management believes to be reasonable under the circumstances, actual results may differ from these estimates, and, as a result, could have a material impact on the financial position. Form 990, Part VI, Line 11b: Form 990 Review Process A draft copy of Form 990 is provided to management and the Board of Trustees for review prior to filing. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts BOARD OF TRUSTEES ARE REQUIRED TO DISCLOSE ANY POTENTIAL OR CURRENT CONFLICTS OF INTEREST ANNUALLY OR AS THEY ARISE. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Governing documents, policies and financial statements are made available upon request.