2016-11-15T12:11:20-08:00 2015-12-31 Port Kashdin & McSherry CPAs 3535 West Rd Cortland NY 13045 990 2015-01-01 150569362 CORTLAND FREE LIBRARY CORT 6077531042 32 CHURCH STREET CORTLAND NY 13045 NICK ESPOSITO President 2016-11-15 true PAGE ANDERSON P00747147 6077565681 2015 2017-02-10 21:41:12Z JACALYN SPOON CHURCH STREET Cortland NY 13045 1069961 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 15 25 0 434504 471335 16599 25435 136876 209802 0 587979 706572 0 0 254820 256809 0 2567 227740 228954 482560 485763 105419 220809 5016442 4750673 339583 257350 4676859 4493323 The lending of reading materials and other items included in a public library system which services the needs of the local area. false false 413831 Public library services and programs provided, including the loan of approximately 80,000 catalogued items to 12,000 registered borrowers in the local area. 413831 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 8 0 false 15 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 Trustee 0.00 0.00 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 SUSANNE HAY Trustee 0.00 0.00 X 0 0 0 NICK ESPOSITO President 0.00 0.00 X 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 47198 0 0 47198 0 false false false 0 460289 11046 471335 Fines & Compensating Fees 24786 24786 Sale of Used Books/paint 649 649 25435 74646 74646 0 0 0 498545 363389 135156 135156 135156 0 0 0 0 706572 160591 74646 0 0 0 0 47198 42478 4248 472 0 149273 134346 13435 1492 0 45308 40777 4078 453 15030 13527 1353 150 0 0 5600 5600 0 0 0 0 0 0 0 0 13950 12555 1395 0 0 0 12349 12349 0 65158 58642 6516 0 Supplies & Materials 71575 67046 4529 Repairs & Maintanence 26753 24078 2675 technology 12130 10917 1213 Insurance 10517 9465 1052 10922 10922 485763 413831 69365 2567 311445 240373 0 0 260000 274353 0 0 0 0 117 143 2631806 805634 1725937 1826172 2710002 2396342 0 0 8940 13288 1 2 5016442 4750673 5836 7169 84089 31571 216346 249658 2264 339583 257350 X 3114612 2925051 6025 1562247 1562247 4676859 4493323 5016442 4750673 220809 -404345 X false true X true false X 260823 517577 237404 74352 103983 1194139 349985 350000 360150 360152 367352 1787639 0 610808 867577 597554 434504 471335 2981778 0 2981778 74100 74842 70510 75347 74646 369445 0 26017 21258 5495 16599 25435 94804 3446027 0.86530 0.87090 X X false 2710002 -196282 117378 2396342 2743003 20649 53650 2710002 2425999 386597 69593 2743003 2224067 261602 59670 2425999 2378864 -49468 105329 2224067 0.00350 0.00650 false false false 18750 18750 1649134 651972 997162 636807 121890 514917 326017 34579 291438 1098 -2807 3905 1826172 Accrued Liabilities 2264 2264 X 302227 -404345 -404345 706572 706572 485763 485763 485763 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 80,000 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 80,000 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, 2015, 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 2013 through 2015.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.