Civic Intelligence

Gafney Library Inc

990 • Fiscal year 2019 • EIN 02-0235170

Jan 01, 2019 to Dec 31, 2019 • Filed on Mar 03, 2020

PO Box 517Sanbornville, NH 03872-0517

(603) 522-3401

Siviq Scores

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

Liabilities / Assets

75th percentile

0.06x

Higher debt load relative to assets than 75% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

83rd percentile

0.10x

Higher debt load relative to revenue than 83% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

73rd percentile

18%

Higher net margin than 73% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

88th percentile

69%

Faster asset growth than 88% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

82nd percentile

39%

Faster revenue growth than 82% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$494,245

Up $201,354 (+69%) from 2018

Net Assets

Up

$463,793

Up $201,115 (+77%) from 2018

Liabilities

Up

$30,452

Up $239 (+0.8%) from 2018

Revenue

Up

$290,676

Up $81,518 (+39%) from 2018

Expenses

Up

$239,637

Up $12,886 (+5.7%) from 2018

Net Income

Up

$51,039

Up $68,632 (+390%) from 2018

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 2011: $290,549Liabilities 2011: $1,844Net Assets 2011: $288,7052011Assets 2012: $322,892Liabilities 2012: $88Net Assets 2012: $322,8042012Assets 2013: $332,507Liabilities 2013: $0Net Assets 2013: $332,5072013Assets 2014: $358,616Liabilities 2014: $30,372Net Assets 2014: $328,2442014Assets 2015: $430,779Liabilities 2015: $30,372Net Assets 2015: $400,4072015Assets 2016: $471,085Liabilities 2016: $30,372Net Assets 2016: $440,7132016Assets 2017: $310,643Liabilities 2017: $30,372Net Assets 2017: $280,2712017Assets 2018: $292,891Liabilities 2018: $30,213Net Assets 2018: $262,6782018Assets 2019: $494,245Liabilities 2019: $30,452Net Assets 2019: $463,7932019Assets 2020: $817,609Liabilities 2020: $0Net Assets 2020: $817,6092020Assets 2021: $1,471,243Liabilities 2021: $0Net Assets 2021: $1,471,2432021Assets 2022: $2,027,400Liabilities 2022: $364,100Net Assets 2022: $1,663,3002022Assets 2023: $2,013,377Liabilities 2023: $264,100Net Assets 2023: $1,749,2772023Assets 2024: $2,026,879Liabilities 2024: $167,600Net Assets 2024: $1,859,2792024

Highlighted filing

2019

Assets$494,245
Liabilities$30,452
Net Assets$463,793

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $209,751Expenses 2011: $170,896Net Income 2011: $38,8552011Revenue 2012: $216,907Expenses 2012: $166,827Net Income 2012: $50,0802012Revenue 2013: $184,500Expenses 2013: $174,797Net Income 2013: $9,7032013Revenue 2014: $220,825Expenses 2014: $225,088Net Income 2014: -$4,2632014Revenue 2015: $296,151Expenses 2015: $234,479Net Income 2015: $61,6722015Revenue 2016: $248,294Expenses 2016: $206,987Net Income 2016: $41,3072016Revenue 2017: $253,325Expenses 2017: $255,943Net Income 2017: -$2,6182017Revenue 2018: $209,158Expenses 2018: $226,751Net Income 2018: -$17,5932018Revenue 2019: $290,676Expenses 2019: $239,637Net Income 2019: $51,0392019Revenue 2020: $525,371Expenses 2020: $246,614Net Income 2020: $278,7572020Revenue 2021: $856,707Expenses 2021: $203,073Net Income 2021: $653,6342021Revenue 2022: $414,593Expenses 2022: $222,536Net Income 2022: $192,0572022Revenue 2023: $338,609Expenses 2023: $252,630Net Income 2023: $85,9792023Revenue 2024: $430,246Expenses 2024: $320,244Net Income 2024: $110,0022024

Highlighted filing

2019

Revenue$290,676
Expenses$239,637
Net Income$51,039
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Mar 3, 2020
Return Version
2019v5.1
Gross Receipts
$290,676
Mission and Program Overview

Mission

Gafney Library provides library services to the public in the form of books, audio, video, internet and childrens' services.

Provide library services to the public in the form of books, audio, video, internet, and childrens services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$262,678$463,793▲ $201,115
Cash and Non-Interest-Bearing Accounts$227,471$270,000▲ $42,529
Land, Buildings, and Equipment, Net$42,869$201,695▲ $158,826
Total Assets$292,891$494,245▲ $201,354
Other Assets Total$22,551$22,550▼ $1
Liabilities
Accounts Payable and Accrued Expenses$30,213$30,452▲ $239
Total Liabilities$30,213$30,452▲ $239
Net Assets / Fund Balance
Total Net Assets Fund Balance$262,678$463,793▲ $201,115
Total Liabilities and Net Assets / Fund Balance$292,891$494,245▲ $201,354

Asset Categories

AssetBook ValueDepreciationBasis
Land$159,826-$159,826
Leasehold Improvements$41,869$11,405$53,274
Equipment-$6,389$6,389
Other Assets Org$22,550--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dick DesrochesPresident
Aruvah FerrillVice President
Titia BozuwaDirector Ameritus
Barbara WadleighTrustee
Cait MillsTrustee
Jackie WincklerTrustee
Janet GouldTrustee
Chuck HodsdonAlternate
Sharon TheilingCorresponding Secretary
Kristin WhitworthSecretary
Tom LavenderTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$282,664
Program Service Revenue
$2,689
Investment Income
$2,472
Other Revenue
$2,851
All Other Contributions
$88,298
Change in Net Assets
$51,039
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$133,825
Other Expenses$105,812
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$123,988--$123,988
Fees for Services Other$15,296$13,850-$29,146
Other Expenses$11,326--$11,326
Insurance$7,783$3,092-$10,875
Payroll Taxes$9,837--$9,837
Fees for Services Accounting$7,420$1,238-$8,658
Information Technology$7,384--$7,384
Occupancy$6,847--$6,847
Depreciation Depletion-$1,867-$1,867
Conferences and Meetings$1,523--$1,523
Total Functional Expenses$219,590$20,047$0$239,637
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Appea$11,213$11,213-$11,213
Other Events$6,154$6,154-$6,154
Total Events$17,367$17,367-$17,367
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
Backup withholding compliance
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 governing body review Part VI line 11

Tax return was reviewed by all board members prior to filing.

Conflict of interest policy compliance Part VI line 12C

Conflict of interest policy is reviewed annually with members

CEO executive director top management comp Part VI line 15A

Compensation of key personnel is established by comparison with like industries and then approved by board vote.

Other officer or key employee compensation Part VI line 15B

Compensation of key personnel is established by comparison with like industries and then approved by board vote

Governing documents etc available to public Part VI line 19

Documents are available upon request

Filing and Contact Details

Filer

Filer Name
Gafney Library Inc
EIN
02-0235170
Address
PO BOX 517, SANBORNVILLE, NH 03872-0517

Signing Officer

Name
Dick Desroches
Title
President
Phone
6035223401
Signed
2020-03-03
Discuss with paid preparer
Yes

Organization Details

Formed
1990
Legal Domicile
Nh
Voting Board Members
13
Independent Board Members
13
Employees
16
Volunteers
15

Preparer

Firm
Cpm Tax & Accounting LLC
Address
34 STANIELS RD SUITE 6, LOUDON, NH 03307
Preparer
David M Menard CPA
Phone
6033694690
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

Land acquired in 2016 was dropped from balance sheet in years 2017-2018 inadvertantely. This puts it back on

List of other fees for services expenses Part IX line 11G

Expenses related to building expansion

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IRS990/ProgSrvcAccomActy2Grp/RevenueAmt025000
IRS990/ProgSrvcAccomActy3Grp/Desc0PROVIDING A TESTING CENTER FOR MEMBERS OF THE PUBLIC TO ATTAIN THEIR GED CERTIFICATE
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt04086
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0695
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0204664
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01082
IRS990/PYOtherExpensesAmt094207
IRS990/PYOtherRevenueAmt0115
IRS990/PYProgramServiceRevenueAmt03297
IRS990/PYRevenuesLessExpensesAmt0-17593
IRS990/PYSalariesCompEmpBnftPaidAmt0132544
IRS990/PYTotalExpensesAmt0226751
IRS990/PYTotalRevenueAmt0209158
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt051039
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0174575
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0262678
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0463793
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0177000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0207961
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0249472
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0245601
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0236734
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01116768
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt02472
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01082
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt02343
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01127
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt057072
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt064096
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt02851
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0115
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt01510
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt01566
IRS990ScheduleA/OtherIncome170Grp/TotalAmt06042
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.39190
IRS990ScheduleA/PublicSupportPY170Pct00.55390
IRS990ScheduleA/PublicSupportTotal170Amt0465193
IRS990ScheduleA/SubstantialContributorsTotAmt0651575
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0177000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0207961
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0249472
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0245601
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0236734
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01116768
IRS990ScheduleA/TotalSupportAmt01186906
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/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06389
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06389
IRS990ScheduleD/LandGrp/BookValueAmt0159826
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0159826
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt041869
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt011405
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt053274
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt022550
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0INVESTMENT ACCOUNT
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0201695
IRS990ScheduleD/TotalBookValueOtherAssetsAmt022550
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ANNUAL APPEA
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0OTHER EVENTS
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt011213
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt06154
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt017367
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt011213
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt06154
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt017367
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt017367
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TAX RETURN WAS REVIEWED BY ALL BOARD MEMBERS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY WITH MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION OF KEY PERSONNEL IS ESTABLISHED BY COMPARISON WITH LIKE INDUSTRIES AND THEN APPROVED BY BOARD VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION OF KEY PERSONNEL IS ESTABLISHED BY COMPARISON WITH LIKE INDUSTRIES AND THEN APPROVED BY BOARD VOTE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5LAND ACQUIRED IN 2016 WAS DROPPED FROM BALANCE SHEET IN YEARS 2017-2018 INADVERTANTELY. THIS PUTS IT BACK ON
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6EXPENSES RELATED TO BUILDING EXPANSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6List of other fees for services expenses Part IX line 11g
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NH
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0292891
IRS990/TotalAssetsEOYAmt0494245
IRS990/TotalAssetsGrp/BOYAmt0292891
IRS990/TotalAssetsGrp/EOYAmt0494245
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0282664
IRS990/TotalEmployeeCnt016
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt020047
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0219590
IRS990/TotalFunctionalExpensesGrp/TotalAmt0239637
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt030213
IRS990/TotalLiabilitiesEOYAmt030452
IRS990/TotalLiabilitiesGrp/BOYAmt030213
IRS990/TotalLiabilitiesGrp/EOYAmt030452
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0262678
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0463793
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0219590
IRS990/TotalProgramServiceRevenueAmt02689
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt08012

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.$2.03$0.17$1.86$0.43$0.32$0.11
2023Detailed filing. Detailed filing data is available for this year.$2.01$0.26$1.75$0.34$0.25$0.09
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.03$0.36$1.66$0.41$0.22$0.19
2021Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.47$0.00$1.47$0.86$0.20$0.65
2020Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.82$0.00$0.82$0.53$0.25$0.28
2019Detailed filing. Detailed filing data is available for this year.$0.49$0.03$0.46$0.29$0.24$0.05
2018Detailed filing. Detailed filing data is available for this year.$0.29$0.03$0.26$0.21$0.23$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.31$0.03$0.28$0.25$0.26$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.47$0.03$0.44$0.25$0.21$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.43$0.03$0.40$0.30$0.23$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.36$0.03$0.33$0.22$0.23$0.00
2013Detailed filing. Detailed filing data is available for this year.$0.33$0.00$0.33$0.18$0.17$0.01
2012Summary only. Only limited summary data is available for this year.$0.32$0.00$0.32$0.22$0.17$0.05
2011Summary only. Only limited summary data is available for this year.$0.29$0.00$0.29$0.21$0.17$0.04