Civic Intelligence

Richards Free Library

990 • Fiscal year 2023 • EIN 02-0224075

Jan 01, 2023 to Dec 31, 2023 • Filed on Jun 27, 2024

58 North Main StreetNewport, NH 03773

(603) 863-3430

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

73rd percentile

19%

Higher net margin than 73% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

55th percentile

6.2%

Faster asset growth than 55% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

76th percentile

32%

Faster revenue growth than 76% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$2,980,606

Up $174,699 (+6.2%) from 2022

Net Assets

Up

$2,980,606

Up $174,699 (+6.2%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Up

$907,654

Up $221,475 (+32%) from 2022

Expenses

Up

$732,955

Up $36,004 (+5.2%) from 2022

Net Income

Up

$174,699

Up $185,471 (+1722%) from 2022

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $2,045,148Liabilities 2010: $0Net Assets 2010: $2,045,1482010Assets 2011: $2,027,170Liabilities 2011: $0Net Assets 2011: $2,027,1702011Assets 2012: $2,062,934Liabilities 2012: $0Net Assets 2012: $2,062,9342012Assets 2013: $2,479,198Liabilities 2013: $0Net Assets 2013: $2,479,1982013Assets 2014: $2,260,412Liabilities 2014: $0Net Assets 2014: $2,260,4122014Assets 2015: $2,408,472Liabilities 2015: $0Net Assets 2015: $2,408,4722015Assets 2016: $2,518,669Liabilities 2016: $989Net Assets 2016: $2,517,6802016Assets 2017: $2,503,516Liabilities 2017: $0Net Assets 2017: $2,503,5162017Assets 2018: $2,415,145Liabilities 2018: $0Net Assets 2018: $2,415,1452018Assets 2019: $2,512,707Liabilities 2019: $0Net Assets 2019: $2,512,7072019Assets 2020: $2,608,718Liabilities 2020: $0Net Assets 2020: $2,608,7182020Assets 2021: $2,816,679Liabilities 2021: $0Net Assets 2021: $2,816,6792021Assets 2022: $2,805,907Liabilities 2022: $0Net Assets 2022: $2,805,9072022Assets 2023: $2,980,606Liabilities 2023: $0Net Assets 2023: $2,980,6062023Assets 2024: $2,975,864Liabilities 2024: $0Net Assets 2024: $2,975,8642024

Highlighted filing

2023

Assets$2,980,606
Liabilities$0
Net Assets$2,980,606

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2010: $467,672Expenses 2010: $447,162Net Income 2010: $20,5102010Revenue 2011: $463,002Expenses 2011: $458,607Net Income 2011: $4,3952011Revenue 2012: $481,138Expenses 2012: $477,953Net Income 2012: $3,1852012Revenue 2013: $810,668Expenses 2013: $458,782Net Income 2013: $351,8862013Revenue 2014: $547,838Expenses 2014: $494,623Net Income 2014: $53,2152014Revenue 2015: $699,778Expenses 2015: $551,718Net Income 2015: $148,0602015Revenue 2016: $675,403Expenses 2016: $566,195Net Income 2016: $109,2082016Revenue 2017: $574,316Expenses 2017: $588,480Net Income 2017: -$14,1642017Revenue 2018: $573,476Expenses 2018: $661,847Net Income 2018: -$88,3712018Revenue 2019: $618,877Expenses 2019: $614,875Net Income 2019: $4,0022019Revenue 2020: $627,102Expenses 2020: $531,091Net Income 2020: $96,0112020Revenue 2021: $772,261Expenses 2021: $564,300Net Income 2021: $207,9612021Revenue 2022: $686,179Expenses 2022: $696,951Net Income 2022: -$10,7722022Revenue 2023: $907,654Expenses 2023: $732,955Net Income 2023: $174,6992023Revenue 2024: $802,066Expenses 2024: $806,808Net Income 2024: -$4,7422024

Highlighted filing

2023

Revenue$907,654
Expenses$732,955
Net Income$174,699
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jun 27, 2024
Return Version
2023v5.1
Gross Receipts
$976,187
Mission and Program Overview

Mission

The library strives to assist people in their search for reliable information, self-education, greater understanding, and intellectual enjoyment by providing a spectrum of materials, services and programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,262,127$1,438,830▲ $176,703
Savings and Temporary Cash Investments$357,643$335,299▼ $22,344
Cash and Non-Interest-Bearing Accounts$77,248$97,588▲ $20,340
Total Assets$2,805,907$2,980,606▲ $174,699
Other Assets Total$1,108,889$1,108,889→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,482,271$1,767,528▲ $285,257
Net Assets With Donor Restrictions$1,323,636$1,213,078▼ $110,558
Total Net Assets Fund Balance$2,805,907$2,980,606▲ $174,699
Total Liabilities and Net Assets / Fund Balance$2,805,907$2,980,606▲ $174,699

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$990,842$436,879$1,427,721
Other Land Buildings$389,621-$389,621
Equipment$31,943$33,258$65,201
Leasehold Improvements$26,424$20,208$46,632
Other Assets Org$1,108,889--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Matthew BoyleChair
Martha LovelyCo-chair
Barbara KvetcovskyBoard Member
Calista ThurlowBoard Member
Katherine WoodBoard Member
Tobin MenardBoard Member
Vicki BridgeBoard Member
Charen UrbanSecretary
Geunter HubertTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Gdcjohn GreeneRoof Replacement8 AUDLEY DIVIDE, Bow, NH 03304$211,000
Revenue and Support

Revenue Composition

Contributions and Grants
$713,760
Program Service Revenue
$76,596
Investment Income
$83,083
Other Revenue
$34,215
All Other Contributions
$138,134
Change in Net Assets
$174,699
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$420,840
Other Expenses$312,115
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$281,072$79,277-$360,349
Occupancy$84,381--$84,381
Fees for Services Other$38,606--$38,606
Depreciation Depletion$34,297--$34,297
Other Employee Benefits$26,332$6,287-$32,619
Payroll Taxes$21,740$6,132-$27,872
All Other Expenses$12,937--$12,937
Office Expenses$9,119$3,040-$12,159
Insurance$8,188--$8,188
Advertising$7,037--$7,037
Other Expenses$5,073--$5,073
Fees for Services Accounting-$3,350-$3,350
Total Functional Expenses$634,869$98,086$0$732,955
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The executive director and the treasurer review the 990 prior to filing

Form 990, Part VI, Section B, Line 12C

Annual disclosure of potential conflicts of interest.

Form 990, Part VI, Section B, Line 15

Exec directors compensation and performance are reviewed annually by the board of directors.

Form 990, Part VI, Section C, Line 18

The organizations documents are available upon request

Form 990, Part VI, Section C, Line 19

The organization's documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Richards Free Library
EIN
02-0224075
Phone
6038633430
Address
58 NORTH MAIN STREET, NEWPORT, NH 03773

Signing Officer

Name
Guenter Hubert
Title
Treasurer
Phone
6038633430
Signed
2024-06-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Guenter Hubert
Formed
1888
Legal Domicile
Nh
Voting Board Members
9
Independent Board Members
9
Employees
20
Volunteers
0

Preparer

Firm
Mcsoley Mccoy & Co
Address
118 TILLEY DRIVE STE 202, SOUTH BURLINGTON, VT 05403
Preparer
Connie Fellion
Phone
8026581808
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IRS990/PYTotalExpensesAmt0696951
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0686179
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0174699
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0110811
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0357643
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0335299
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0157004
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0205227
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0276107
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0106272
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt044960
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0789570
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt083083
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt086255
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt088796
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt074060
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt072458
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0404652
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0672821
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt02836
IRS990ScheduleA/OtherIncome170Grp/TotalAmt02836
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.84970
IRS990ScheduleA/PublicSupportPY170Pct00.83700
IRS990ScheduleA/PublicSupportTotal170Amt02620363
IRS990ScheduleA/SubstantialContributorsTotAmt056079
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt0556756
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt0309160
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt0322381
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt0352673
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt0345902
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt01886872
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0713760
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0514387
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0598488
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0458945
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0390862
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02676442
IRS990ScheduleA/TotalSupportAmt03083930
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0990842
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0436879
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01427721
IRS990ScheduleD/EquipmentGrp/BookValueAmt031943
IRS990ScheduleD/EquipmentGrp/DepreciationAmt033258
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt065201
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt026424
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt020208
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt046632
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01108889
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0BENEFICIARY INTEREST IN INVESTMENTS HELD BY NHCF
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0389621
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0389621
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01438830
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01108889
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE EXECUTIVE DIRECTOR AND THE TREASURER REVIEW THE 990 PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUAL DISCLOSURE OF POTENTIAL CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EXEC DIRECTORS COMPENSATION AND PERFORMANCE ARE REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATIONS DOCUMENTS ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NH
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02805907
IRS990/TotalAssetsEOYAmt02980606
IRS990/TotalAssetsGrp/BOYAmt02805907
IRS990/TotalAssetsGrp/EOYAmt02980606
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0713760
IRS990/TotalEmployeeCnt020
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt098086
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0634869
IRS990/TotalFunctionalExpensesGrp/TotalAmt0732955
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02805907
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02980606
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0634869
IRS990/TotalProgramServiceRevenueAmt076596
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt083083
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0110811
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0907654
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02805907
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02980606
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt058 NORTH MAIN STREET
IRS990/USAddress/CityNm0NEWPORT
IRS990/USAddress/StateAbbreviationCd0NH
IRS990/USAddress/ZIPCd003773
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.NEWPORT.LIB.NH.US
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.98$0.00$2.98$0.80$0.81$0.00
2023Detailed filing. Detailed filing data is available for this year.$2.98$0.00$2.98$0.91$0.73$0.17
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.81$0.00$2.81$0.69$0.70$0.01
2021Detailed filing. Detailed filing data is available for this year.$2.82$0.00$2.82$0.77$0.56$0.21
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.61$0.00$2.61$0.63$0.53$0.10
2019Summary only. Only limited summary data is available for this year.$2.51$0.00$2.51$0.62$0.61$0.00
2018Summary only. Only limited summary data is available for this year.$2.42$0.00$2.42$0.57$0.66$0.09
2017Summary only. Only limited summary data is available for this year.$2.50$0.00$2.50$0.57$0.59$0.01
2016Summary only. Only limited summary data is available for this year.$2.52$0.00$2.52$0.68$0.57$0.11
2015Summary only. Only limited summary data is available for this year.$2.41$0.00$2.41$0.70$0.55$0.15
2014Summary only. Only limited summary data is available for this year.$2.26$0.00$2.26$0.55$0.49$0.05
2013Summary only. Only limited summary data is available for this year.$2.48$0.00$2.48$0.81$0.46$0.35
2012Summary only. Only limited summary data is available for this year.$2.06$0.00$2.06$0.48$0.48$0.00
2011Summary only. Only limited summary data is available for this year.$2.03$0.00$2.03$0.46$0.46$0.00
2010Summary only. Only limited summary data is available for this year.$2.05$0.00$2.05$0.47$0.45$0.02