Suffolk Cooperative Library System
Suffolk Cooperative Library System maintains stable operations with growing assets but persistent high liabilities.
EIN: 111987282 · Bellport, NY · NTEE: B700 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $20.2M |
| Total Expenses | $17.6M |
| Program Spending | 90% |
| Net Assets | $-3,369,239 |
| Transparency Score | 85/100 |
Is Suffolk Cooperative Library System Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Suffolk Cooperative Library System directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Suffolk Cooperative Library System
Suffolk Cooperative Library System (EIN: 111987282) is a nonprofit organization based in Bellport, NY, classified under NTEE code B700. The organization reported total revenue of $20.2M and total assets of $18.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Suffolk Cooperative Library System's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Suffolk Cooperative Library System is a large nonprofit that has been operating for 53 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $17.8M |
| Total Expenses | $17.6M |
| Surplus / Deficit | +$243K |
| Total Assets | $19.1M |
| Total Liabilities | $22.5M |
| Net Assets | $-3,369,239 |
| Operating Margin | 1.4% |
| Debt-to-Asset Ratio | 117.6% |
| Months of Reserves | 13.1 months |
Financial Health Grade: A
In 2023, Suffolk Cooperative Library System reported a surplus of $243K with revenue exceeding expenses, holds 13.1 months of operating reserves (strong position), has a debt-to-asset ratio of 117.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Suffolk Cooperative Library System's revenue has grown at a compound annual growth rate (CAGR) of 4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.2% | +7.1% | -1.3% |
| 2022 | +1.0% | +-0.0% | +5.6% |
| 2021 | +22.9% | +12.8% | +7.7% |
| 2020 | -3.6% | +0.7% | +10.7% |
| 2019 | +1.2% | +13.0% | +21.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1973 |
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 Suffolk Cooperative Library System with a Mission Score of 85 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, Suffolk Cooperative Library System 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 $243K, with revenue exceeding expenses.
- Debt-to-asset ratio: 117.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is a strong positive for transparency and resource allocation.
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 Suffolk Cooperative Library System's IRS 990 filings:
- Consistently high liabilities exceeding assets across multiple years (e.g., 2023: $22.5M liabilities vs. $19.1M assets)
- Lack of detailed explanation for the nature of significant liabilities in publicly available data.
Strengths
The following positive indicators were identified for Suffolk Cooperative Library System:
- Consistent revenue generation and stable operations over a decade.
- Steady growth in assets from $9.5M in 2014 to $19.1M in 2023.
- No reported officer compensation, indicating strong financial transparency in this area.
- Strong program focus, as indicated by the NTEE code and typical library system operations.
Frequently Asked Questions about Suffolk Cooperative Library System
Is Suffolk Cooperative Library System a legitimate charity?
Based on AI analysis of IRS 990 filings, Suffolk Cooperative Library System (EIN: 111987282) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Suffolk Cooperative Library System spend its money?
Suffolk Cooperative Library System directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Suffolk Cooperative Library System tax-deductible?
Suffolk Cooperative Library System is registered as a tax-exempt nonprofit (EIN: 111987282). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Suffolk Cooperative Library System compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Suffolk Cooperative Library System is above average for NTEE category B700 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Suffolk Cooperative Library System located?
Suffolk Cooperative Library System is headquartered in Bellport, New York and files with the IRS under EIN 111987282. It is classified under NTEE code B700.
How many years of IRS 990 filings does Suffolk Cooperative Library System have?
Suffolk Cooperative Library System 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 $20.2M in total revenue.
What is the nature of the consistently high liabilities that often exceed assets?
The filings consistently show liabilities exceeding assets (e.g., $22,515,613 liabilities vs. $19,146,374 assets in 2023). Understanding the composition of these liabilities (e.g., long-term debt, deferred revenue, pension obligations) is crucial for a complete financial picture.
How does the organization manage its cash flow given the asset-liability imbalance?
While assets are growing, the persistent gap where liabilities are higher than assets raises questions about liquidity and how the organization meets its short-term and long-term obligations.
Are there any related organizations or entities that might explain the lack of officer compensation?
The 0% officer compensation across all filings is unusual for an organization of this size ($17M+ revenue). It's possible officers are compensated by a related entity or are volunteers, which would be important for full transparency.
Filing History
IRS 990 filing history for Suffolk Cooperative Library System showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Suffolk Cooperative Library System's revenue has grown by 73.5%, moving from $10.3M to $17.8M. Total assets increased by 126% over the same period, from $8.5M to $19.1M. Total functional expenses rose by 68.4%, from $10.4M to $17.6M. In its most recent filing year (2023), Suffolk Cooperative Library System reported a surplus of $243K, with revenue exceeding expenses. The organization holds $22.5M in liabilities against $19.1M in assets (debt-to-asset ratio: 117.6%), resulting in net assets of $-3,369,239.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $17.8M | $17.6M | $19.1M | $22.5M | — | View 990 |
| 2022 | $17.3M | $16.4M | $19.4M | $23.0M | — | — |
| 2021 | $17.1M | $16.4M | $18.4M | $22.8M | — | — |
| 2020 | $13.9M | $14.6M | $17.1M | $22.2M | — | View 990 |
| 2019 | $14.4M | $14.5M | $15.4M | $19.9M | — | View 990 |
| 2018 | $14.3M | $12.8M | $12.7M | $17.2M | — | View 990 |
| 2017 | $13.4M | $13.5M | $11.9M | $7.8M | — | View 990 |
| 2016 | $14.3M | $14.1M | $13.2M | $8.9M | — | View 990 |
| 2015 | $12.9M | $12.9M | $10.4M | $6.3M | — | View 990 |
| 2014 | $12.1M | $12.2M | $9.5M | $5.3M | — | View 990 |
| 2013 | $11.7M | $12.0M | $9.4M | $5.0M | — | View 990 |
| 2012 | $10.7M | $10.6M | $9.3M | $4.6M | — | View 990 |
| 2011 | $10.3M | $10.4M | $8.5M | $3.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $17.8M, expenses of $17.6M, and assets of $19.1M (revenue +3.2% year-over-year).
- 2022: Revenue of $17.3M, expenses of $16.4M, and assets of $19.4M (revenue +1.0% year-over-year).
- 2021: Revenue of $17.1M, expenses of $16.4M, and assets of $18.4M (revenue +22.9% year-over-year).
- 2020: Revenue of $13.9M, expenses of $14.6M, and assets of $17.1M (revenue -3.6% year-over-year).
- 2019: Revenue of $14.4M, expenses of $14.5M, and assets of $15.4M (revenue +1.2% year-over-year).
- 2018: Revenue of $14.3M, expenses of $12.8M, and assets of $12.7M (revenue +6.4% year-over-year).
- 2017: Revenue of $13.4M, expenses of $13.5M, and assets of $11.9M (revenue -6.3% year-over-year).
- 2016: Revenue of $14.3M, expenses of $14.1M, and assets of $13.2M (revenue +11.4% year-over-year).
- 2015: Revenue of $12.9M, expenses of $12.9M, and assets of $10.4M (revenue +6.6% year-over-year).
- 2014: Revenue of $12.1M, expenses of $12.2M, and assets of $9.5M (revenue +3.3% year-over-year).
- 2013: Revenue of $11.7M, expenses of $12.0M, and assets of $9.4M (revenue +9.2% year-over-year).
- 2012: Revenue of $10.7M, expenses of $10.6M, and assets of $9.3M (revenue +4.0% year-over-year).
- 2011: Revenue of $10.3M, expenses of $10.4M, and assets of $8.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Suffolk Cooperative Library System:
Data Sources and Methodology
This transparency report for Suffolk Cooperative Library System 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.