Civic Intelligence

Morristown Centennial Library Association

990 • Fiscal year 2019 • EIN 03-0179589

Jul 01, 2018 to Jun 30, 2019 • Filed on Nov 12, 2019

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

21st percentile

0.00x

Higher debt load relative to assets than 21% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

25th percentile

0.01x

Higher debt load relative to revenue than 25% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

80th percentile

23%

Higher net margin than 80% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

9th percentile

-14%

Faster asset growth than 9% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

77th percentile

24%

Faster revenue growth than 77% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$1,727,016

Down $269,789 (-14%) from 2018

Net Assets

Down

$1,722,176

Down $273,462 (-14%) from 2018

Liabilities

Up

$4,840

Up $3,673 (+315%) from 2018

Revenue

Up

$376,306

Up $73,371 (+24%) from 2018

Expenses

Up

$288,119

Up $3,722 (+1.3%) from 2018

Net Income

Up

$88,187

Up $69,649 (+376%) 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: $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

2019

Assets$1,727,016
Liabilities$4,840
Net Assets$1,722,176

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

2019

Revenue$376,306
Expenses$288,119
Net Income$88,187
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Nov 12, 2019
Return Version
2018v3.2
Gross Receipts
$694,844
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$1,928,939$1,653,004▼ $275,935
Land, Buildings, and Equipment, Net$43,529$35,621▼ $7,908
Cash and Non-Interest-Bearing Accounts$19,366$24,357▲ $4,991
Savings and Temporary Cash Investments$4,055$12,668▲ $8,613
Prepaid Expenses and Deferred Charges$916$1,366▲ $450
Total Assets$1,996,805$1,727,016▼ $269,789
Liabilities
Accounts Payable and Accrued Expenses$1,167$4,840▲ $3,673
Total Liabilities$1,167$4,840▲ $3,673
Net Assets / Fund Balance
Unrestricted Net Assets$1,730,123$1,456,661▼ $273,462
Permanently Rstr Net Assets$265,515$265,515→ $0
Total Net Assets Fund Balance$1,995,638$1,722,176▼ $273,462
Total Liabilities and Net Assets / Fund Balance$1,996,805$1,727,016▼ $269,789

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$8,244$40,075$48,319
Buildings$20,637$15,946$36,583
Equipment$6,740$6,176$12,916
Compensation and Service Providers

Board Members and Trustees

NameTitle
Meredith McgeePresident
Ann CardinalTrustee
David StevensTrustee
Deborah WheelerTrustee
John ButtolphTrustee
Kim WhitcombTrustee
Marena YoungsTrustee
Ruth BrownTrustee
Jennifer FaithSecretary
Barbara KielyTreasurer
Mike IsabellVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$169,438
Program Service Revenue
$5,901
Investment Income
$188,970
Other Revenue
$11,997
All Other Contributions
$8,860
Change in Net Assets
$88,187
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$187,162
Other Expenses$100,957
Total Fundraising Expense$18
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$130,343$27,960-$158,303
Occupancy$22,280--$22,280
Other Employee Benefits$13,126$2,707-$15,833
All Other Expenses$10,160$2,916$18$13,094
Payroll Taxes$9,738$2,088-$11,826
Depreciation Depletion$7,908--$7,908
Information Technology$5,355--$5,355
Other Expenses$4,732$11,555-$4,732
Office Expenses$4,693--$4,693
Insurance$1,949$160-$2,109
Fees for Services Accounting-$1,933-$1,933
Pension Plan Contributions$1,200--$1,200
Conferences and Meetings$1,004--$1,004
Travel$509--$509
Total Functional Expenses$238,782$49,319$18$288,119
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$11,997
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
President
Phone
8028883853
Signed
2019-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Meredith Mcgee
Formed
1891
Legal Domicile
Vt
Voting Board Members
11
Independent Board Members
11
Employees
6
Volunteers
20

Preparer

Firm
Marckres Norder and Company Inc
Address
PO BOX 732, MORRISVILLE, VT 05661
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

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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/PYOtherExpensesAmt0104581
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IRS990/PYTotalRevenueAmt0302935
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IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt05901
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04055
IRS990/SavingsAndTempCashInvstGrp/EOYAmt012668
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS INCOME 57,734
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt08860
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt07109
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt016355
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt050884
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt042345
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt041330
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt042085
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0233586
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt031945
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt011997
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt011174
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt011670
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt012418
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt010475
IRS990ScheduleA/OtherIncome170Grp/TotalAmt057734
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.74380
IRS990ScheduleA/PublicSupportPY170Pct00.75660
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IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt0160578
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt0171155
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt0159410
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt0154020
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt0151000
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt0796163
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0178264
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0168986
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0161611
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0167355
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/BuildingsGrp/BookValueAmt020637
IRS990ScheduleD/BuildingsGrp/DepreciationAmt015946
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt036583
IRS990ScheduleD/EquipmentGrp/BookValueAmt06740
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06176
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt012916
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt08244
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt040075
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt048319
IRS990ScheduleD/TotalBookValueLandBuildingsAmt035621
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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/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
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IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/BOYAmt01996805
IRS990/TotalAssetsGrp/EOYAmt01727016
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt049319
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0238782
IRS990/TotalFunctionalExpensesGrp/TotalAmt0288119
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesGrp/BOYAmt01167
IRS990/TotalLiabilitiesGrp/EOYAmt04840
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01995638
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01722176
IRS990/TotalProgramServiceExpensesAmt0238782
IRS990/TotalProgramServiceRevenueAmt05901
IRS990/TotalRevenueGrp/ExclusionAmt0200967
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt05901
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0376306
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01996805
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01727016
IRS990/TravelGrp/ProgramServicesAmt0509
IRS990/TravelGrp/TotalAmt0509
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01730123
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01456661
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 727
IRS990/USAddress/CityNm0MORRISVILLE
IRS990/USAddress/StateAbbreviationCd0VT
IRS990/USAddress/ZIPCd005661
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0CENTENNIALLIBRARY.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-09-23 17:36:50Z

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

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