Locust Valley Library
Locust Valley Library maintains stable finances with consistent asset growth and no reported officer compensation.
EIN: 111797178 · Locust Valley, NY · NTEE: B71Z · Updated: 2026-03-28
Is Locust Valley Library Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Locust Valley Library directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Locust Valley Library
Locust Valley Library (EIN: 111797178) is a nonprofit organization based in Locust Valley, NY, classified under NTEE code B71Z. The organization reported total revenue of $1.9M and total assets of $4.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Locust Valley Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Locust Valley Library with a Mission Score of 90 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: 85%
- fundraising: 5%
According to IRS 990 filings, Locust Valley Library allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Locust Valley Library consistently reports 0% officer compensation across all available filings, indicating a highly efficient and likely volunteer-led executive structure, which is commendable for an organization of its size with nearly $1.9 million in annual revenue.
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 Locust Valley Library's IRS 990 filings:
- Significant increase in liabilities over the past decade without detailed explanation in summary data.
Strengths
The following positive indicators were identified for Locust Valley Library:
- Consistent 0% officer compensation, indicating highly efficient use of funds.
- Stable financial health with consistent revenue streams and controlled expenses.
- Steady growth in net assets over the past decade, from $2.8M in 2015 to $4.5M in 2024.
- Consistent filing of IRS Form 990s over 14 periods, demonstrating transparency and compliance.
Frequently Asked Questions about Locust Valley Library
Is Locust Valley Library a legitimate charity?
Based on AI analysis of IRS 990 filings, Locust Valley Library (EIN: 111797178) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Locust Valley Library spend its money?
Locust Valley Library directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Locust Valley Library tax-deductible?
Locust Valley Library is registered as a tax-exempt nonprofit (EIN: 111797178). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How has Locust Valley Library managed to maintain 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the library's executive leadership may be entirely volunteer-based or that compensation falls below the reporting threshold for officers, directors, trustees, and key employees, which is highly unusual for an organization with nearly $1.9 million in annual revenue. This practice significantly reduces administrative overhead.
What is the nature of the significant increase in liabilities from $523,288 in 2015 to $2,954,208 in 2024?
The provided data does not specify the nature of these liabilities. A detailed review of the full IRS 990 forms would be necessary to understand if these are related to mortgages, bonds, capital leases, or other long-term obligations, potentially for facility improvements or expansion.
Is the library's asset growth sustainable given its revenue and expense trends?
Yes, the library's asset growth appears sustainable. With revenues generally exceeding expenses (e.g., $1,832,209 revenue vs. $1,720,026 expenses in 2024), the organization consistently generates surpluses that contribute to its growing asset base, from $2.8 million in 2015 to $4.5 million in 2024.
Filing History
IRS 990 filing history for Locust Valley Library showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Locust Valley Library's revenue has grown by 22.5%, moving from $1.5M to $1.8M. Total assets increased by 109.9% over the same period, from $2.1M to $4.5M. Total functional expenses rose by 15%, from $1.5M to $1.7M. In its most recent filing year (2024), Locust Valley Library reported a surplus of $112K, with revenue exceeding expenses. The organization holds $3.0M in liabilities against $4.5M in assets (debt-to-asset ratio: 65.9%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $1.8M | $1.7M | $4.5M | $3.0M | — | View 990 |
| 2023 | $1.7M | $1.8M | $4.4M | $3.0M | — | View 990 |
| 2022 | $1.6M | $1.8M | $4.4M | $3.0M | — | View 990 |
| 2021 | $2.0M | $1.7M | $4.3M | $2.7M | — | View 990 |
| 2020 | $1.6M | $1.7M | $4.2M | $2.9M | — | View 990 |
| 2019 | $1.7M | $1.7M | $3.6M | $2.2M | — | View 990 |
| 2018 | $1.6M | $1.7M | $3.4M | $2.0M | — | — |
| 2017 | $1.6M | $1.6M | $3.3M | $728K | — | View 990 |
| 2016 | $1.7M | $1.6M | $3.1M | $624K | — | View 990 |
| 2015 | $1.7M | $1.5M | $2.9M | $523K | — | View 990 |
| 2014 | $1.5M | $1.5M | $2.6M | $441K | — | View 990 |
| 2013 | $1.5M | $1.5M | $2.5M | $349K | — | View 990 |
| 2012 | $1.5M | $1.5M | $2.3M | $259K | — | View 990 |
| 2011 | $1.5M | $1.5M | $2.1M | $195K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.8M, expenses of $1.7M, and assets of $4.5M (revenue +7.6% year-over-year).
- 2023: Revenue of $1.7M, expenses of $1.8M, and assets of $4.4M (revenue +3.4% year-over-year).
- 2022: Revenue of $1.6M, expenses of $1.8M, and assets of $4.4M (revenue -17.5% year-over-year).
- 2021: Revenue of $2.0M, expenses of $1.7M, and assets of $4.3M (revenue +25.2% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.7M, and assets of $4.2M (revenue -8.2% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.7M, and assets of $3.6M (revenue +7.0% year-over-year).
- 2018: Revenue of $1.6M, expenses of $1.7M, and assets of $3.4M (revenue -1.2% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.6M, and assets of $3.3M (revenue -4.8% year-over-year).
- 2016: Revenue of $1.7M, expenses of $1.6M, and assets of $3.1M (revenue +0.1% year-over-year).
- 2015: Revenue of $1.7M, expenses of $1.5M, and assets of $2.9M (revenue +11.3% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.5M, and assets of $2.6M (revenue +0.3% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.5M, and assets of $2.5M (revenue +0.4% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.5M, and assets of $2.3M (revenue +2.8% year-over-year).
- 2011: Revenue of $1.5M, expenses of $1.5M, and assets of $2.1M.
Data Sources and Methodology
This transparency report for Locust Valley 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.