Overview
What is The Trustees Of The New York Society Library?
The Trustees of the New York Society Library is a nonprofit organization established in 1754, driven by a civic-minded group's belief in the power of books to enhance the prosperity of New York City. Based at 53 EAST 79TH STREET, NEW YORK, NY 10075, the library offers reading, reference, exhibitions, and events to the public. Membership subscriptions provide additional services, and as of the end of 2022, the library had approximately 2,700 family, dual, individual, e-membership, and school/institutional memberships. The library houses an extensive collection of over 300,000 volumes and circulates approximately 60,000 titles to members annually. It also lends out books to 250 libraries in 44 states through its interlibrary loan service. The library offers a diverse calendar of events catering to readers, writers, and children, with most events open to both members and non-members. In 2022, it presented over 90 programs, both in-person, virtual, and hybrid, attracting thousands of attendees. The Assunta, Ignazio, Ada, and Romano Peluso Exhibition Gallery showcases rare books and materials on literary and historical themes. In 2022, the library closed its long-running exhibition, "Black Literature Matters," which attracted nearly 1,400 non-member visitors, and opened a new exhibition, "Fabulous Fashion," attracting over 1,500 non-member visitors. With a dedicated workforce of 38 employees, the library continues to promote literacy and learning in the community.
Official website here: www.nysoclib.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.
The Trustees Of The New York Society Library has received an impressive Four-Star rating from Charity Navigator, reflecting a strong performance in accountability and finance. The organization's high score indicates a strong commitment to transparency and effective management of resources. With a majority of independent board members and thorough oversight processes, the library demonstrates a robust governance structure.
Key strengths include a high program expense ratio of 76.92%, showcasing that a significant portion of its resources is directed towards its mission-related programs. Additionally, the organization has no reported material diversion of assets, further emphasizing its financial integrity and responsible stewardship. Policies such as conflict of interest, whistleblower, and document retention are well-documented, ensuring ethical operations.
While the charity excels in several areas, it is important for potential donors and supporters to continuously assess the library's programs and impact over time. Overall, the Trustees Of The New York Society Library stands out as a well-managed organization dedicated to serving the community with transparency and accountability.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Trustees Of The New York Society Library?
98% of 32 reviewers on Facebook recommend The Trustees Of The New York Society Library. Here is a summary of their reviews:
Many patrons describe the library as a remarkable and serene place, perfect for spending quiet time with a book, especially during winter. The ambiance and atmosphere of the library contribute to enjoyable reading experiences, making it a cherished destination for both avid readers and casual visitors alike.
Overall, people appreciate the warmth and charm of this historic library, highlighting it as an ideal spot for relaxation and intellectual exploration. It appears to truly fulfill its mission of providing a welcoming environment for the community.
This AI summary has been generated from reviews found on Facebook.
Is The Trustees Of The New York Society Library legitimate?
The Trustees Of The New York Society Library is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Trustees Of The New York Society Library submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $165,132
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,703,810
For more financial information, click here
Official website here: www.nysoclib.org
What is the mission statement of The Trustees Of The New York Society Library?
The Trustees of The New York Society Library were established in 1754 with a mission rooted in civic-mindedness, believing that the availability of books could contribute to the prosperity of the city. The library, open to the public, serves as a venue for reading, reference, exhibitions, and various events. It houses a collection of over 300,000 volumes and offers a diverse calendar of events, attracting a significant audience both in-person and virtually. The library also provides subscription-based services and circulates books to its members and other libraries across the United States. In addition, it lends out rare books and materials from its Assunta, Ignazio, Ada, and Romano Peluso Exhibition Gallery, showcasing literary and historical themes. In 2022, the library closed its exhibition "Black Literature Matters," attracting nearly 1,400 non-member visitors, and opened a new exhibition, "Fabulous Fashion," which also garnered a substantial number of visitors.
Official website here: www.nysoclib.org
What is the revenue of The Trustees Of The New York Society Library?
The Trustees Of The New York Society Library's revenue in 2023 was $3,590,490.
Official website here: www.nysoclib.org
Who are the executives of The Trustees Of The New York Society Library and what are their salaries?
The average compensation at The Trustees Of The New York Society Library during 2023 was $47,922. There are 39 employees and 24 volunteers at The Trustees Of The New York Society Library.
Here are 28 key members and their salaries:
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Official website here: www.nysoclib.org
Where can I find the form 990 for The Trustees Of The New York Society Library?
The Trustees Of The New York Society Library's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.nysoclib.org
Learn more at the official website: www.nysoclib.org
Mission Statement of The Trustees Of The New York Society Library
The Trustees of the New York Society Library, established in 1754, was founded by a civic-minded group with a belief that the availability of books could contribute to the prosperity of the city of New York. Their mission, in essence, was to promote the city's growth and development by making books accessible to its inhabitants. This organization, which is open to the public for reading, reference, exhibitions, and various events, aims to enrich the lives of its members through a diverse range of services and events. The library houses a substantial collection of over 300,000 volumes and circulates a significant number of titles to its members. It also extends its lending services to other libraries, lending nearly 450 books to libraries in 44 states through its interlibrary loan service in 2022. The Trustees of the New York Society Library offers a vibrant calendar of events for readers, writers, and children, attracting a large audience with its numerous programs, held both in-person and virtually. Furthermore, the library's exhibition gallery showcases rare books and materials on literary and historical themes, attracting a significant number of non-member visitors. In summary, the Trustees of the New York Society Library's mission is to foster the growth of the city of New York by making books accessible and providing a rich array of literary and educational experiences to its members and the general public.
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Impact
July, 2024
The Trustees of the New York Society Library, founded in 1754, have had a significant impact on the cultural and educational landscape of New York City. The library was established by a civic-minded group with the belief that access to books would contribute to the prosperity of the city. Over the years, the library has served as a hub for intellectual engagement, offering a wide range of services and programs to its members and the public.
With a collection of over 300,000 volumes, the library provides reading, reference, and exhibition opportunities to its members. In addition, it hosts a diverse calendar of events for readers, writers, and children, with programming held both in-person and virtually. The library's exhibitions, such as "Black Literature Matters" and "Fabulous Fashion," attract non-member visitors and contribute to the cultural enrichment of the community.
Through its circulation services, the library lent out nearly 450 books to 250 libraries in 44 states in 2022, extending its reach beyond its physical location. By offering interlibrary loan services and engaging programming, the library plays a vital role in promoting literacy, learning, and cultural appreciation.
This information is meant to be a general summary of The Trustees Of The New York Society Library. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $685,530
- Program Service Revenue: $771,482
- Gross Receipts: $16,055,076
Assets and Liabilities:
- Total Assets: $46,535,151
- Total Liabilities: $397,991
- Net Assets: $46,137,160
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIPS
Revenue
$727,899
LECTURES AND EVENTS
Revenue
$29,402
BOOK FINES AND SALES
Revenue
$13,442
PHOTOCOPY FEES
Revenue
$509
POSTAGE REIMBURSEMENT
Revenue
$230
Organization Details
Founding Year
1754
Principal Officer
Carolyn Waters
Website
www.nysoclib.orgNTEE Category
Code: B70 - Education
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