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New York BBB Wise Giving Report for
Brooklyn Public Library

A BBB Accredited charity

 


  • Meets all standards

Expiration Date:
08/2013
Name:
Brooklyn Public Library
Address:
10 Grand Army Plaza
Brooklyn, NY 11238
Phone:
718-230-2100
Year, State Incorporated:
1896, New York
Affiliates:
None
Stated Purpose:
" It is the mission of the library to ensure the preservation and the transmission of society's knowledge, history and culture, and to provide the people of Brooklyn with free and open access to information and education. "






Evaluation Conclusions
 

              
Brooklyn Public Library meets the 20 Standards for Charity Accountability.




Programs
 

              
As an independent system, separate from the New York City and Queens libraries, Brooklyn Public Library serves the borough's 2.5 million residents, offering thousands of public programs, millions of books, and use of more than 850 free internet-accessible computers.



Governance
 

              
Chief Executive Officer:
Linda E. Johnson, Executive Director
Compensation*:
$230,000
Chair of the Board:
Anthony W. Crowell
Chair's Profession / Business Affiliation:
Office of the Mayor of the City of New York
Board Size:
29
Paid Staff Size:
1429



*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.




Fund Raising
 

              
Method(s) Used:


Direct mail appeals, invitations to fund raising events, grant proposals, planned giving arrangements
Fund raising costs were 4.7% of related contributions. (Related contributions, which totaled $37,392,000, are donations received as a result of fund raising activities.)




Tax Status
 

              
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.




Financial
 

              
The following information is based on The Brooklyn Public Library's Audited Financial Statements for the fiscal year ended June 30, 2010.

Source of Funds
 

City of New York

$86,629,000

Contributed Facilities and Utilities

31,732,000

State of New York

8,080,000

Contribution Income

4,986,000

Net Investment Income

3,838,000

Other Revenue

2,410,000

Federal Government

904,000

Contributed Goods and Services

360,000

Special Events

314,000

Purchase Discount Reimbursement

270,000

Total Income

$139,523,000

Expenses
 
Program Expenses 

Neighborhood Libraries

$92,132,000

Central Library

32,507,000

Special Programs

7,956,000
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses

Total expenses

Income in Excess of Expenses

132,595,000
1,741,000
4,371,000

$138,707,000

$816,000




Uses of Funds as a % of Total Expenses


Programs: 96%  Fund Raising: 1%  Administrative 3% 
Roll the cursor over the pie chart to see the dollar amounts.


Beginning net assets $40,676,000
Ending net assets 41,492,000
Total liabilities 21,709,000

Total assets

$63,201,000






 

A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fundraising or promotional purposes and may not be reproduced or distributed in whole or in part.