Civic Intelligence

Morristown Centennial Library Association

990 • Fiscal year 2016 • EIN 03-0179589

Jul 01, 2015 to Jun 30, 2016 • Filed on Jan 09, 2017

PO Box 727Morrisville, VT 05661

(802) 888-3853

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

Higher debt load relative to assets than 17% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

18th percentile

0.01x

Higher debt load relative to revenue than 18% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

86th percentile

30%

Higher net margin than 86% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

78th percentile

15%

Faster asset growth than 78% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

78th percentile

21%

Faster revenue growth than 78% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$1,628,256

Up $216,321 (+15%) from 2015

Net Assets

Up

$1,626,422

Up $214,487 (+15%) from 2015

Liabilities

Up

$1,834

Up $1,834 from 2015

Revenue

Up

$344,298

Up $60,717 (+21%) from 2015

Expenses

Up

$242,551

Up $23,435 (+11%) from 2015

Net Income

Up

$101,747

Up $37,282 (+58%) from 2015

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: $2,116,914Liabilities 2011: $0Net Assets 2011: $2,116,9142011Assets 2012: $2,401,651Liabilities 2012: $45,052Net Assets 2012: $2,356,5992012Assets 2013: $1,193,756Liabilities 2013: $0Net Assets 2013: $1,193,7562013Assets 2014: $1,372,083Liabilities 2014: $0Net Assets 2014: $1,372,0832014Assets 2015: $1,411,935Liabilities 2015: $0Net Assets 2015: $1,411,9352015Assets 2016: $1,628,256Liabilities 2016: $1,834Net Assets 2016: $1,626,4222016Assets 2017: $1,918,849Liabilities 2017: $0Net Assets 2017: $1,918,8492017Assets 2018: $1,996,805Liabilities 2018: $1,167Net Assets 2018: $1,995,6382018Assets 2019: $1,727,016Liabilities 2019: $4,840Net Assets 2019: $1,722,1762019Assets 2020: $1,344,206Liabilities 2020: $48,406Net Assets 2020: $1,295,8002020Assets 2021: $1,825,309Liabilities 2021: $34,390Net Assets 2021: $1,790,9192021Assets 2022: $1,546,194Liabilities 2022: $9,278Net Assets 2022: $1,536,9162022Assets 2023: $1,556,530Liabilities 2023: $9,480Net Assets 2023: $1,547,0502023Assets 2024: $2,027,334Liabilities 2024: $8,671Net Assets 2024: $2,018,6632024Assets 2025: $2,303,245Liabilities 2025: $13,162Net Assets 2025: $2,290,0832025

Highlighted filing

2016

Assets$1,628,256
Liabilities$1,834
Net Assets$1,626,422

Operations Trend

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

$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2011: $463,484Expenses 2011: $179,120Net Income 2011: $284,3642011Revenue 2012: $423,396Expenses 2012: $175,407Net Income 2012: $247,9892012Revenue 2013: $618,926Expenses 2013: $1,884,298Net Income 2013: -$1,265,3722013Revenue 2014: $262,466Expenses 2014: $218,017Net Income 2014: $44,4492014Revenue 2015: $283,581Expenses 2015: $219,116Net Income 2015: $64,4652015Revenue 2016: $344,298Expenses 2016: $242,551Net Income 2016: $101,7472016Revenue 2017: $408,746Expenses 2017: $258,543Net Income 2017: $150,2032017Revenue 2018: $302,935Expenses 2018: $284,397Net Income 2018: $18,5382018Revenue 2019: $376,306Expenses 2019: $288,119Net Income 2019: $88,1872019Revenue 2020: $248,590Expenses 2020: $326,066Net Income 2020: -$77,4762020Revenue 2021: $539,417Expenses 2021: $290,778Net Income 2021: $248,6392021Revenue 2022: $373,894Expenses 2022: $339,082Net Income 2022: $34,8122022Revenue 2023: $306,964Expenses 2023: $333,612Net Income 2023: -$26,6482023Revenue 2024: $734,158Expenses 2024: $328,239Net Income 2024: $405,9192024Revenue 2025: $577,373Expenses 2025: $401,254Net Income 2025: $176,1192025

Highlighted filing

2016

Revenue$344,298
Expenses$242,551
Net Income$101,747
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Jan 9, 2017
Return Version
2015v3.0
Gross Receipts
$469,894
Mission and Program Overview

Mission

Morristown centennial library association provides a free public library for all residents of morristown, vermont.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,266,459$1,482,765▲ $216,306
Land, Buildings, and Equipment, Net$67,253$59,345▼ $7,908
Savings and Temporary Cash Investments$50,253$55,944▲ $5,691
Cash and Non-Interest-Bearing Accounts$27,784$30,202▲ $2,418
Prepaid Expenses and Deferred Charges$186--
Total Assets$1,411,935$1,628,256▲ $216,321
Liabilities
Accounts Payable and Accrued Expenses-$1,834-
Total Liabilities$0$1,834▲ $1,834
Net Assets / Fund Balance
Unrestricted Net Assets$1,146,420$1,360,907▲ $214,487
Permanently Rstr Net Assets$265,515$265,515→ $0
Total Net Assets Fund Balance$1,411,935$1,626,422▲ $214,487
Total Liabilities and Net Assets / Fund Balance$1,411,935$1,628,256▲ $216,321

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$27,869$20,450$48,319
Buildings$23,451$13,132$36,583
Equipment$8,025$4,891$12,916
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$161,611
Program Service Revenue
$6,757
Investment Income
$163,660
Other Revenue
$12,270
All Other Contributions
$7,591
Change in Net Assets
$101,747
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$158,244
Other Expenses$84,307
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$115,100$27,540-$142,640
All Other Expenses$16,659$2,864-$19,523
Occupancy$18,878--$18,878
Payroll Taxes$9,537$2,282-$11,819
Depreciation Depletion$7,908--$7,908
Other Expenses$2,429$3,382-$3,382
Office Expenses$3,229--$3,229
Other Employee Benefits$2,585--$2,585
Insurance-$1,834-$1,834
Fees for Services Accounting-$1,400-$1,400
Pension Plan Contributions$1,200--$1,200
Conferences and Meetings$244--$244
Travel$42--$42
Total Functional Expenses$202,237$40,314$0$242,551
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$12,418
Fundraising Direct Expenses$148
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
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The form 990 is reviewed at a meeting of the board of trustees prior to filing

Form 990, Page 6, Part VI, Line 19

Governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Morristown Centennial Library Assoc
EIN
03-0179589
Phone
8028883853
Address
PO BOX 727, MORRISVILLE, VT 05661

Signing Officer

Name
Meredith Mcgee
Title
Chair
Phone
8028883853
Signed
2017-01-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Meredith Mcgee
Formed
1891
Legal Domicile
Vt
Voting Board Members
9
Independent Board Members
9
Employees
6
Volunteers
25

Preparer

Firm
Marckres Norder and Company Inc
Address
PO BOX 732 1072 LAPORTE RD, MORRISVILLE, VT 05661-8510
Preparer
Deborah L Verzilli CPA
Phone
8028887781
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Free public library for the residents of morrisville, vt

Form 990, Part XI, Line 9

Adjustment for realized gains 112,740 total 112,740

Raw XML Appendix399 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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IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt047313
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt012418
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt010475
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt08797
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt08810
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt05420
IRS990ScheduleA/OtherIncome170Grp/TotalAmt045920
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.78580
IRS990ScheduleA/PublicSupportPY170Pct00.80810
IRS990ScheduleA/PublicSupportTotal170Amt01336299
IRS990ScheduleA/SubstantialContributorsTotAmt0111976
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt0154020
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt0151000
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt0145700
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt0439758
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt0136038
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt01026516
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0161611
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0167355
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0197307
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0551476
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0370526
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01448275
IRS990ScheduleA/TotalSupportAmt01700585
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/BuildingsGrp/BookValueAmt023451
IRS990ScheduleD/BuildingsGrp/DepreciationAmt013132
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt036583
IRS990ScheduleD/EquipmentGrp/BookValueAmt08025
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04891
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt012916
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt027869
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt020450
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt048319
IRS990ScheduleD/TotalBookValueLandBuildingsAmt059345
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FREE PUBLIC LIBRARY FOR THE RESIDENTS OF MORRISVILLE, VT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED AT A MEETING OF THE BOARD OF TRUSTEES PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ADJUSTMENT FOR REALIZED GAINS 112,740 TOTAL 112,740
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01411935
IRS990/TotalAssetsEOYAmt01628256
IRS990/TotalAssetsGrp/BOYAmt01411935
IRS990/TotalAssetsGrp/EOYAmt01628256
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0161611
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt040314
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0202237
IRS990/TotalFunctionalExpensesGrp/TotalAmt0242551
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt01834
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt01834
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01411935
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01626422
IRS990/TotalProgramServiceExpensesAmt0202237
IRS990/TotalProgramServiceRevenueAmt06757
IRS990/TotalRevenueGrp/ExclusionAmt0175930
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt06757
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0344298
IRS990/TotalVolunteersCnt025
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01411935
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01628256
IRS990/TravelGrp/ProgramServicesAmt042
IRS990/TravelGrp/TotalAmt042
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01146420
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01360907
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 727
IRS990/USAddress/CityNm0MORRISVILLE
IRS990/USAddress/StateAbbreviationCd0VT
IRS990/USAddress/ZIPCd005661
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0CENTENNIALLIBRARY.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MEREDITH MCGEE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum08028883853
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-01-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MORRISTOWN CENTENNIAL LIBRARY ASSOC
ReturnHeader/Filer/BusinessNameControlTxt0MORR
ReturnHeader/Filer/EIN0030179589
ReturnHeader/Filer/PhoneNum08028883853
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 727
ReturnHeader/Filer/USAddress/CityNm0MORRISVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VT
ReturnHeader/Filer/USAddress/ZIPCd005661
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0030322133
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MARCKRES NORDER AND COMPANY INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 732 1072 LAPORTE RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MORRISVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0056618510
ReturnHeader/PreparerPersonGrp/PhoneNum08028887781
ReturnHeader/PreparerPersonGrp/PreparationDt02017-01-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DEBORAH L VERZILLI CPA
ReturnHeader/ReturnTs02017-01-09T15:19:18-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.30$0.01$2.29$0.58$0.40$0.18
2024Detailed filing. Detailed filing data is available for this year.$2.03$0.01$2.02$0.73$0.33$0.41
2023Detailed filing. Detailed filing data is available for this year.$1.56$0.01$1.55$0.31$0.33$0.03
2022Detailed filing. Detailed filing data is available for this year.$1.55$0.01$1.54$0.37$0.34$0.03
2021Detailed filing. Detailed filing data is available for this year.$1.83$0.03$1.79$0.54$0.29$0.25
2020Detailed filing. Detailed filing data is available for this year.$1.34$0.05$1.30$0.25$0.33$0.08
2019Detailed filing. Detailed filing data is available for this year.$1.73$0.00$1.72$0.38$0.29$0.09
2018Detailed filing. Detailed filing data is available for this year.$2.00$0.00$2.00$0.30$0.28$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.92$0.00$1.92$0.41$0.26$0.15
2016Detailed filing. Detailed filing data is available for this year.$1.63$0.00$1.63$0.34$0.24$0.10
2015Summary only. Only limited summary data is available for this year.$1.41$0.00$1.41$0.28$0.22$0.06
2014Summary only. Only limited summary data is available for this year.$1.37$0.00$1.37$0.26$0.22$0.04
2013Summary only. Only limited summary data is available for this year.$1.19$0.00$1.19$0.62$1.88$1.27
2012Summary only. Only limited summary data is available for this year.$2.40$0.05$2.36$0.42$0.18$0.25
2011Summary only. Only limited summary data is available for this year.$2.12$0.00$2.12$0.46$0.18$0.28
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)3 • $1M-$5M nonprofits