John Jermain Memorial Library
John Jermain Memorial Library maintains strong assets and zero officer compensation, ensuring funds support its mission.
EIN: 111672774 · Sag Harbor, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.6M |
| Total Expenses | $3.2M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $16.1M |
| Transparency Score | 95/100 |
Is John Jermain Memorial Library Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
John Jermain Memorial Library directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About John Jermain Memorial Library
John Jermain Memorial Library (EIN: 111672774) is a nonprofit organization based in Sag Harbor, NY. The organization reported total revenue of $3.6M and total assets of $20.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of John Jermain Memorial Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
John Jermain Memorial Library is a mid-size nonprofit that has been operating for 54 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.3M |
| Total Expenses | $3.2M |
| Surplus / Deficit | +$68K |
| Total Assets | $20.8M |
| Total Liabilities | $4.8M |
| Net Assets | $16.1M |
| Operating Margin | 2.1% |
| Debt-to-Asset Ratio | 22.9% |
| Months of Reserves | 78.2 months |
Financial Health Grade: A
In 2023, John Jermain Memorial Library reported a surplus of $68K with revenue exceeding expenses, holds 78.2 months of operating reserves (strong position), has a debt-to-asset ratio of 22.9% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), John Jermain Memorial Library's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.1% | +15.7% | -2.2% |
| 2022 | +3.9% | +1.9% | -0.8% |
| 2021 | +0.5% | +5.3% | -1.5% |
| 2020 | -8.5% | -3.5% | -0.8% |
| 2019 | +11.3% | +9.2% | +0.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1972 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates John Jermain Memorial Library with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, John Jermain Memorial Library allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $68K, with revenue exceeding expenses.
- Debt-to-asset ratio: 22.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the top officers receive no compensation, which is highly unusual for an organization of this size with over $3 million in annual revenue and $20 million in assets. This suggests a volunteer-led executive structure or that compensation is reported under other categories, warranting further investigation for clarity.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of John Jermain Memorial Library's IRS 990 filings:
- Consistent 0% officer compensation for an organization of this size may indicate a reporting anomaly or a highly unusual volunteer-led structure that could impact long-term stability if not clearly explained.
Strengths
The following positive indicators were identified for John Jermain Memorial Library:
- Strong and stable asset base, consistently over $20 million, providing financial security.
- Remarkable 0% officer compensation, indicating a high proportion of funds directed to mission.
- Consistent revenue generation, with latest revenue at $3,262,990, supporting ongoing operations.
- Decreasing trend in liabilities, improving the organization's financial leverage.
- Consistent filing of IRS Form 990s, demonstrating commitment to transparency and accountability.
Frequently Asked Questions about John Jermain Memorial Library
Is John Jermain Memorial Library a legitimate charity?
Based on AI analysis of IRS 990 filings, John Jermain Memorial Library (EIN: 111672774) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does John Jermain Memorial Library spend its money?
John Jermain Memorial Library directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to John Jermain Memorial Library tax-deductible?
John Jermain Memorial Library is registered as a tax-exempt nonprofit (EIN: 111672774). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the John Jermain Memorial Library CEO make?
John Jermain Memorial Library's highest-compensated officer earns $3 annually. The organization reported $3.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is John Jermain Memorial Library located?
John Jermain Memorial Library is headquartered in Sag Harbor, New York and files with the IRS under EIN 111672774.
How many years of IRS 990 filings does John Jermain Memorial Library have?
John Jermain Memorial Library has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.6M in total revenue.
Is John Jermain Memorial Library a good charity?
Based on the available financial data, John Jermain Memorial Library appears to be a very good charity. It demonstrates strong financial health with substantial assets, consistent revenue, and a remarkable commitment to directing funds towards its mission by reporting 0% officer compensation.
How does the library manage its executive leadership without compensation?
The consistent reporting of 0% officer compensation suggests that the executive leadership may be entirely volunteer-based or that compensation for key management personnel is categorized differently within the IRS 990 filings, such as under general salaries and wages, rather than specifically as 'officer compensation'.
What is the trend in the library's assets and liabilities?
The library's assets have remained robust, consistently above $20 million in recent years, reaching $20,816,124 in 2023. Liabilities have shown a decreasing trend from $9,214,000 in 2015 to $4,762,436 in 2023, indicating improved financial leverage and reduced debt burden over time.
Filing History
IRS 990 filing history for John Jermain Memorial Library showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), John Jermain Memorial Library's revenue has grown by 21.8%, moving from $2.7M to $3.3M. Total assets increased by 385.8% over the same period, from $4.3M to $20.8M. Total functional expenses rose by 199.7%, from $1.1M to $3.2M. In its most recent filing year (2023), John Jermain Memorial Library reported a surplus of $68K, with revenue exceeding expenses. The organization holds $4.8M in liabilities against $20.8M in assets (debt-to-asset ratio: 22.9%), resulting in net assets of $16.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.3M | $3.2M | $20.8M | $4.8M | — | View 990 |
| 2022 | $3.1M | $2.8M | $21.3M | $5.4M | — | View 990 |
| 2021 | $3.0M | $2.7M | $21.5M | $6.0M | — | View 990 |
| 2020 | $3.0M | $2.6M | $21.8M | $6.6M | — | — |
| 2019 | $3.2M | $2.7M | $22.0M | $7.1M | — | View 990 |
| 2018 | $2.9M | $2.4M | $21.9M | $7.7M | — | View 990 |
| 2017 | $2.8M | $2.3M | $22.0M | $8.2M | — | — |
| 2016 | $3.8M | $1.7M | $22.1M | $8.7M | — | View 990 |
| 2015 | $3.0M | $1.1M | $20.5M | $9.2M | — | View 990 |
| 2014 | $2.9M | $1.1M | $14.6M | $5.3M | — | View 990 |
| 2013 | $2.8M | $1.0M | $10.7M | $3.3M | — | View 990 |
| 2012 | $2.8M | $1.0M | $7.5M | $1.8M | — | View 990 |
| 2011 | $2.7M | $1.1M | $4.3M | $425K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.3M, expenses of $3.2M, and assets of $20.8M (revenue +5.1% year-over-year).
- 2022: Revenue of $3.1M, expenses of $2.8M, and assets of $21.3M (revenue +3.9% year-over-year).
- 2021: Revenue of $3.0M, expenses of $2.7M, and assets of $21.5M (revenue +0.5% year-over-year).
- 2020: Revenue of $3.0M, expenses of $2.6M, and assets of $21.8M (revenue -8.5% year-over-year).
- 2019: Revenue of $3.2M, expenses of $2.7M, and assets of $22.0M (revenue +11.3% year-over-year).
- 2018: Revenue of $2.9M, expenses of $2.4M, and assets of $21.9M (revenue +5.1% year-over-year).
- 2017: Revenue of $2.8M, expenses of $2.3M, and assets of $22.0M (revenue -26.0% year-over-year).
- 2016: Revenue of $3.8M, expenses of $1.7M, and assets of $22.1M (revenue +23.1% year-over-year).
- 2015: Revenue of $3.0M, expenses of $1.1M, and assets of $20.5M (revenue +5.3% year-over-year).
- 2014: Revenue of $2.9M, expenses of $1.1M, and assets of $14.6M (revenue +3.0% year-over-year).
- 2013: Revenue of $2.8M, expenses of $1.0M, and assets of $10.7M (revenue -1.2% year-over-year).
- 2012: Revenue of $2.8M, expenses of $1.0M, and assets of $7.5M (revenue +6.2% year-over-year).
- 2011: Revenue of $2.7M, expenses of $1.1M, and assets of $4.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for John Jermain Memorial Library:
Data Sources and Methodology
This transparency report for John Jermain Memorial Library is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.