Civic Intelligence

Rangeley Library Association

990 • Fiscal year 2017 • EIN 01-0147000

Jul 01, 2016 to Jun 30, 2017 • Filed on Sep 20, 2017

PO Box 381Rangeley, ME 04970

(207) 864-5529

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

34th percentile

0.03x

Higher debt load relative to assets than 34% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

68th percentile

0.26x

Higher debt load relative to revenue than 68% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

14th percentile

-18%

Higher net margin than 14% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

43rd percentile

1.1%

Faster asset growth than 43% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

34th percentile

-1.3%

Faster revenue growth than 34% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$1,480,322

Up $16,491 (+1.1%) from 2016

Net Assets

Up

$1,441,838

Up $37,271 (+2.7%) from 2016

Liabilities

Down

$38,484

Down $20,780 (-35%) from 2016

Revenue

Down

$149,583

Down $1,981 (-1.3%) from 2016

Expenses

Up

$176,302

Up $5,418 (+3.2%) from 2016

Net Income

Down

-$26,719

Down $7,399 (-38%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,394,058Liabilities 2011: $28,667Net Assets 2011: $1,365,3912011Assets 2012: $1,375,081Liabilities 2012: $11,934Net Assets 2012: $1,363,1472012Assets 2013: $1,440,469Liabilities 2013: $55,372Net Assets 2013: $1,385,0972013Assets 2014: $1,455,529Liabilities 2014: $35,803Net Assets 2014: $1,419,7262014Assets 2015: $1,445,992Liabilities 2015: $17,653Net Assets 2015: $1,428,3392015Assets 2016: $1,463,831Liabilities 2016: $59,264Net Assets 2016: $1,404,5672016Assets 2017: $1,480,322Liabilities 2017: $38,484Net Assets 2017: $1,441,8382017Assets 2018: $1,482,626Liabilities 2018: $15,738Net Assets 2018: $1,466,8882018Assets 2019: $1,537,990Liabilities 2019: $46,985Net Assets 2019: $1,491,0052019Assets 2020: $1,548,061Liabilities 2020: $47,502Net Assets 2020: $1,500,5592020Assets 2021: $1,769,483Liabilities 2021: $27,589Net Assets 2021: $1,741,8942021Assets 2022: $1,668,594Liabilities 2022: $49,377Net Assets 2022: $1,619,2172022Assets 2023: $1,644,641Liabilities 2023: $35,148Net Assets 2023: $1,609,4932023Assets 2024: $1,674,562Liabilities 2024: $17,684Net Assets 2024: $1,656,8782024

Highlighted filing

2017

Assets$1,480,322
Liabilities$38,484
Net Assets$1,441,838

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KExpenses 2011: $176,7202011Expenses 2012: $163,8362012Revenue 2013: $143,159Expenses 2013: $157,982Net Income 2013: -$14,8232013Revenue 2014: $147,814Expenses 2014: $166,803Net Income 2014: -$18,9892014Revenue 2015: $178,955Expenses 2015: $178,813Net Income 2015: $1422015Revenue 2016: $151,564Expenses 2016: $170,884Net Income 2016: -$19,3202016Revenue 2017: $149,583Expenses 2017: $176,302Net Income 2017: -$26,7192017Revenue 2018: $166,477Expenses 2018: $182,861Net Income 2018: -$16,3842018Revenue 2019: $213,743Expenses 2019: $189,626Net Income 2019: $24,1172019Revenue 2020: $191,812Expenses 2020: $188,510Net Income 2020: $3,3022020Revenue 2021: $166,295Expenses 2021: $181,182Net Income 2021: -$14,8872021Revenue 2022: $158,485Expenses 2022: $203,484Net Income 2022: -$44,9992022Revenue 2023: $161,502Expenses 2023: $221,140Net Income 2023: -$59,6382023Revenue 2024: $183,290Expenses 2024: $224,692Net Income 2024: -$41,4022024

Highlighted filing

2017

Revenue$149,583
Expenses$176,302
Net Income-$26,719
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Sep 20, 2017
Return Version
2016v3.0
Gross Receipts
$153,922
Mission and Program Overview

Mission

Operate Rural Public Library.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$871,118$835,775▼ $35,343
Investments in Publicly Traded Securities$542,459$610,524▲ $68,065
Savings and Temporary Cash Investments$32,479$27,345▼ $5,134
Prepaid Expenses and Deferred Charges$9,367$5,588▼ $3,779
Accounts Receivable$8,408$1,090▼ $7,318
Cash and Non-Interest-Bearing Accounts-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,463,831$1,480,322▲ $16,491
Other Assets Total-$0-
Liabilities
Deferred Revenue$53,093$35,395▼ $17,698
Accounts Payable and Accrued Expenses$6,171$3,089▼ $3,082
Total Liabilities$59,264$38,484▼ $20,780
Net Assets / Fund Balance
Unrestricted Net Assets$1,062,998$1,057,419▼ $5,579
Temporarily Rstr Net Assets$341,569$384,419▲ $42,850
Total Net Assets Fund Balance$1,404,567$1,441,838▲ $37,271
Total Liabilities and Net Assets / Fund Balance$1,463,831$1,480,322▲ $16,491

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$818,250$474,280$1,292,530
Other Land Buildings$15,195$56,764$71,959
Land$2,330-$2,330
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Barbara BurgessTreasurerPT$9,880$9,880

Board Members and Trustees

NameTitle
John BurgessPresident
Brent QuimbyVice President
Claire ChaseDirector
Judith WickenDirector
Madelyn DeanDirector
Mary RichardsDirector
Michelle KirkmanDirector
Nancy DouglasDirector
Paula HatfieldDirector
Susan TourtillotteDirector
Clare WebberSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$115,705
Program Service Revenue
$0
Investment Income
$5,640
Other Revenue
$28,238
All Other Contributions
$43,605
Change in Net Assets
$-26,719
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$89,248
Salaries, Compensation, and Employee Benefits$87,054
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$61,805$6,867-$68,672
Depreciation Depletion$32,844$3,649-$36,493
Occupancy$18,513$2,057-$20,570
Current Officers, Directors, Trustees, and Key Employees$8,892$988-$9,880
Insurance$5,423$602-$6,025
Payroll Taxes$4,728$525-$5,253
Information Technology$3,004$334-$3,338
Other Employee Benefits$2,924$325-$3,249
Fees for Service Investment Mgmnt Fees$1,955$217-$2,172
Fees for Services Accounting$675$75-$750
Other Expenses$182$20-$202
Total Functional Expenses$160,046$16,256$0$176,302
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$24,507
Fundraising Direct Expenses$4,339
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Advertising Sales - Phone Books$18,438$18,438$2,977$15,461
Fund Raising Activities$6,069$6,069$1,362$4,707
Total Events$24,507$24,507$4,339$20,168
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

The treasurer and president are related by marriage.

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

Membership to the organization is open to all individuals.

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

The bylaws state that the organization is a membership organization and the members elect the Board of Directors at the annual meeting.

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

The members elect the Board of Directors and approve any bylaws changes.

Form 990, Part VI, Line 11B: Form 990 Review Process

The outside accountant/tax preparer participated in meetings with the Treasurer of the organization in order to ensure accurate data was provided and to clarify any adjustments that nedded to be made.The completed Form 990 was presented by the Treasurer to the Board of Directors.The recomendation to accept the Form 990 was then voted on at the the board meeting.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The organization provides access to governing documents by request.

Filing and Contact Details

Filer

Filer Name
Rangeley Library Association
EIN
01-0147000
Phone
2078645529
Address
PO BOX 381, RANGELEY, ME 04970

Signing Officer

Name
Barbara Burgess
Title
Treasurer
Signed
2017-09-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Barbara Burgess
Voting Board Members
12
Independent Board Members
11
Employees
5
Volunteers
50

Preparer

Firm
Richard M Walker CPA
Address
PO Box 1170, Rangeley, ME 04970-1170
Preparer
Richard MWalker
Phone
2078645771
Supplemental Narrative

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

Future special projects.

Raw XML AppendixShowing 400 of 501 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0President
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Future special projects.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.67$0.02$1.66$0.18$0.22$0.04
2023Detailed filing. Detailed filing data is available for this year.$1.64$0.04$1.61$0.16$0.22$0.06
2022Detailed filing. Detailed filing data is available for this year.$1.67$0.05$1.62$0.16$0.20$0.04
2021Detailed filing. Detailed filing data is available for this year.$1.77$0.03$1.74$0.17$0.18$0.01
2020Detailed filing. Detailed filing data is available for this year.$1.55$0.05$1.50$0.19$0.19$0.00
2019Detailed filing. Detailed filing data is available for this year.$1.54$0.05$1.49$0.21$0.19$0.02
2018Detailed filing. Detailed filing data is available for this year.$1.48$0.02$1.47$0.17$0.18$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.48$0.04$1.44$0.15$0.18$0.03
2016Detailed filing. Detailed filing data is available for this year.$1.46$0.06$1.40$0.15$0.17$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.45$0.02$1.43$0.18$0.18$0.00
2014Detailed filing. Detailed filing data is available for this year.$1.46$0.04$1.42$0.15$0.17$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.44$0.06$1.39$0.14$0.16$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.38$0.01$1.36$0.16
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.39$0.03$1.37$0.18