2026-06-23T13:22:00-05:00 2025-12-31 921479802 GRASSI ADVISORY GROUP INC 360 MADISON AVENUE 7TH FLOOR NEW YORK NY 10017 990 2025-01-01 131740028 RYE FREE READING ROOM RYEF 9142313160 1061 BOSTON POST ROAD RYE NY 10580 CHRIS SHOEMAKER DIRECTOR 9142313160 2026-06-23 1 JAIME RAPPS P01462990 2126616166 2026-06-23 2025 2025-03-06 01:10:19Z CHRIS SHOEMAKER 1061 BOSTON POST ROAD RYE NY 10580 2277287 0 X RYELIBRARY.ORG X 1884 NY TO SERVE AS A DYNAMIC GATHERING PLACE AND CENTER FOR LIFELONG LEARNING FOR RYE RESIDENTS OF ALL AGES AND INTERESTS. 20 20 33 20 0 0 2083504 2067083 89938 89754 138140 91830 -50017 -45340 2261565 2203327 0 0 0 0 1295912 1373376 0 0 0 928525 1060409 2224437 2433785 37128 -230458 5607397 5520519 0 0 5607397 5520519 TO SERVE AS A DYNAMIC GATHERING PLACE AND CENTER FOR LIFELONG LEARNINGS FOR RYE RESIDENTS OF ALL AGES AND INTERESTS. 0 0 2038836 89754 PROVIDE UP TO DATE AND INFORMATION SERVICES AND RECREATIONAL MATERIALS. LIBRARY MATERIAL CIRCULATION OF 178,174. PROVIDE EDUCATIONAL PROGRAMS. TOTAL OF 1,406 PROGRAMS, HELD, ATTENDED BY 22,956 CHILDREN, 2,185 TEENS AND 4,256 ADULTS. PROVIDE COMPUTER SERVICES AND EDUCATIONAL TUTORIAL CLASSES RELATED TO SOFTWARE AND HARDWARE. 1,771 APPOINTMENTS, 17,723 SESSIONS. 2038836 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 13 0 33 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 X X CHRIS SHOEMAKER 9149670480 1061 BOSTON POST RD RYE NY 10580 KIRSTEN BUCCI PAST PRESIDENT 4.00 X X 0 0 0 LINA EROH PRESIDENT 4.00 X X 0 0 0 KATHLEEN RIEGELHAUPT PAST PRESIDENT 4.00 X 0 0 0 JAN KELSEY SECRETARY 4.00 X X 0 0 0 KATIE VERNACE TREASURER 4.00 X X 0 0 0 GEORGIA DYER VICE PRESIDENT 4.00 X X 0 0 0 MATT ANDERSON TRUSTEE 2.00 X 0 0 0 JACKIE COHEN TRUSTEE 2.00 X 0 0 0 VALERIE CHUEBON TRUSTEE 2.00 X 0 0 0 NICOLE CUNNINGHAM TRUSTEE 2.00 X 0 0 0 SHELLEY HUBER TRUSTEE 2.00 X 0 0 0 DIANE MARTIN TRUSTEE 2.00 X 0 0 0 JILL MACVICAR TRUSTEE 2.00 X 0 0 0 JENNIFER MCARDLE TRUSTEE 2.00 X 0 0 0 ELIZABETH PARKS TRUSTEE 2.00 X 0 0 0 EMILIE REDDOCH TRUSTEE 2.00 X 0 0 0 JACLYN SHANAHAN TRUSTEE 2.00 X 0 0 0 DUNCAN SIBSON TRUSTEE 2.00 X 0 0 0 JIM STEINTHAL TRUSTEE 2.00 X 0 0 0 EMILY KINDLER TISDALE TRUSTEE 2.00 X 0 0 0 CHRIS SHOEMAKER EXECUTIVE DIRECTOR 40.00 X 126735 0 49733 CATHERINE RIEDEL ASSISTANT DIECTOR 40.00 X 106630 0 17060 233365 0 66793 2 0 1 0 0 159151 1432230 475702 2067083 OSBORN BRANCH 459210 51585 51585 BOOK SALES 459210 19637 19637 FINES/BOOK RENTAL FEES 459210 18532 18532 89754 84465 84465 6096 -1269 7365 7365 7365 20625 159151 75229 -54604 -54604 MISCELANEOUS 900099 9264 9264 9264 2203327 89754 0 46490 300158 300158 862102 837364 24738 83148 83148 39004 39004 88964 68003 20961 325 325 23222 23222 15603 15603 126702 126702 81517 79886 1631 91422 91422 177799 174243 3556 4471 4471 198330 194363 3967 39404 38616 788 LIBRARY MATERIALS 285495 285495 MISCELLANEOUS 16119 16119 2433785 2038836 394949 0 1214170 1130113 5572509 3457719 2283319 2114790 2109908 2275616 5607397 5520519 0 0 X 4187472 3986476 1419925 1534043 5607397 5520519 5607397 5520519 -230458 143580 0 X X 0 1 X 1 0 X 2222387 2058254 2076523 2058054 2067083 10482301 2222387 2058254 2076523 2058054 2067083 10482301 10482301 65419 57746 100732 99085 84465 407447 9080 211932 -39250 -24567 -45340 111855 11001603 380112 0.95280 0.94740 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2021 AMOUNT: $ 9,080. 2022 AMOUNT: $ 16,932. 2023 AMOUNT: $ 1,310. 2024 AMOUNT: $ 29,226. 2025 AMOUNT: $ 9,264. NET LOSS FROM FUNDRAISING EVENTS - 2023 AMOUNT: $ -40,560. 2024 AMOUNT: $ -53,793. 2025 AMOUNT: $ -54,604. PROCEEDS FROM INSURANCE - 2022 AMOUNT: $ 195,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2223067 214393 93750 2343710 2162337 162117 101387 2223067 2109284 158054 105001 2162337 2389743 -178843 101616 2109284 2189719 295025 95001 2389743 0.38760 0.61240 0 0 2 2 5131669 3140900 1990769 413239 316819 96420 27599 27599 2114790 X 2331304 143580 143580 2187724 15603 15603 2203327 2418182 0 2418182 15603 15603 2433785 PART V, LINE 4: THE ENDOWMENT FUNDS ARE USED FOR CHILDRENS' PROGRAMS, BOOKS AND OTHER LIBRARY MATERIALS, AND LIBRARY MAINTENANCE. ADDITIONALLY, FUNDS ARE AVAILABLE TO BE USED AT THE DISCRETION OF THE BOARD OF THE TRUSTEES FOR THE BETTERMENT OF THE LIBRARY. PART X, LINE 2: THE LIBRARY HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE DISCLOSURE IN THE FINANCIAL STATEMENTS. THE LIBRARY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE LIBRARY BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS PRIOR TO 2022. NOVEL NIGHT 121533 100908 20625 66857 207 VECHICLE FAIR 58243 58243 8165 179776 159151 20625 66857 8372 75229 -54604 X 0 0 0 0 0 0 0 0 0 CHRIS SHOEMAKER EXECUTIVE DIRECTOR 126735 0 0 0 0 0 20278 0 29455 0 176468 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE 990 WAS PRESENTED BY THE PREPARER AND WAS REVIEWED BY THE DIRECTOR, TREASURER, PRESIDENT OF THE BOARD, AND THE AUDIT COMMITTEE. THEY HAD THE OPPORTUNITY TO REQUEST CHANGES AND THEN THE FINAL 990 WAS PRESENTED TO THE FULL BOARD PRIOR TO BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C YEARLY, MEMBERS OF THE BOARD OF TRUSTEES, THE FINANCE COMMITTEE, THE AUDIT COMMITTEE, OFFICERS AND KEY MANAGEMENT EMPLOYEES RECEIVE THE CONFLICT OF INTEREST POLICY WHICH THEY ARE ASKED TO READ AND SIGN. EACH PERSON THAT RECEIVES THE POLICY IS REQUIRED TO LIST POTENTIAL CONFLICTS THAT MAY ARISE IN THE COMING YEAR WHICH WOULD CONSTITUTE HIM OR HER INTO AN INTERESTED PERSON. WHEN AN ACTUAL TRANSACTION IS BEING CONSIDERED, THE INTERESTED PERSON MUST DISCLOSE THE EXISTENCE AND NATURE OF THE FINANCIAL OR PERSONAL INTEREST TO THE MEMBERS OF THE BOARD OR COMMITTEES CONSIDERING THE TRANSACTION. AFTER THE DISCLOSURE, THE INTERESTED PERSON SHALL LEAVE THE BOARD MEETING WHILE THE FINANCIAL OR PERSONAL INTEREST IS DISCUSSED AND VOTED UPON TO DETERMINE IF A CONFLICT OF INTEREST TRULY EXISTS. IF IT IS DETERMINED THAT A CONFLICT DOES EXIST, THEN THE PRESIDENT OF THE BOARD OR THE CHAIR OF A COMMITTEE SHALL APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE COMMITTEE SHALL DETERMINE WHETHER THE RYE FREE READING ROOM CAN OBTAIN A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT WITH REASONABLE EFFORTS FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY ATTAINABLE UNDER CIRCUMSTANCES THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST, THE BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE LIBRARY'S BEST INTEREST. IT SHALL MAKE ITS DECISION WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT IN CONFORMITY WITH SUCH DETERMINATION. IF THE BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE THAT ONE OF ITS MEMBERS HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE RESPONSE OF THE MEMBER AND MAKING SUCH FURTHER INVESTIGATION AS MAY BE WARRANTED, THE BOARD OR COMMITTEE DETERMINES THAT THE MEMBER HAS IN FACT FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15 LINE 15A - THE WESTCHESTER LIBRARY SYSTEM ANNUALLY REQUESTS FROM ALL LIBRARIES IN THE SYSTEM AN UPDATED FORM WHICH LISTS SALARIES FOR ALL EMPLOYEES IN EACH LIBRARY. ALONG WITH ALL OTHER EMPLOYEES, THE WLS SALARY REPORT LISTS THE SALARY OF THE DIRECTOR OF EACH LIBRARY IN THE SYSTEM AND THE YEARS IN THAT POSITION. THIS SALARY SURVEY REPORT IS ONE TOOL USED BY THE BOARD OF TRUSTEES. DIRECTOR'S LAST REVIEW WAS PERFORMED ON OCTOBER 2024. THE EXECUTIVE COMMITTEE REVIEWS THE DIRECTOR'S SELF EVALUATION, COMPARES SALARY LISTINGS FOR SIMILAR SIZE LIBRARIES IN WESTCHESTER COUNTY, AND DISCUSSES THE REVIEW WITH THE FULL BOARD. LINE 15B - THE DIRECTOR REVIEWS THE COMPENSATION OF THE BUSINESS MANAGER. THIS WAS LAST CONDUCTED IN OCTOBER 2024. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE ON THE WEBSITE. CONFLICT OF INTEREST IS AVAILABLE BY REQUEST. UNAUDITED FINANCIAL STATEMENTS ARE PUBLISHED IN THE ANNUAL REPORT AND ON THE WEBSITE. ACTUAL AUDIT IS AVAILABLE BY REQUEST ONCE RECEIVED. FORM 990, PART XII, LINE 1: THE FINANCIAL STATEMENTS ARE PREPARED ON THE MODIFIED CASH BASIS OF ACCOUNTING. CONSEQUENTLY, REVENUES ARE RECOGNIZED WHEN RECEIVED RATHER THAN WHEN EARNED, AND EXPENSES ARE RECOGNIZED WHEN PAID RATHER THAN WHEN THE OBLIGATION IS INCURRED. HOWEVER, DEBT, UNREALIZED GAINS AND LOSSES ON INVESTMENTS, AND DEPRECIATION EXPENSE ARE RECOGNIZED IN THE FINANCIAL STATEMENTS. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.