Civic Intelligence

Goodrich Memorial Library Inc.

990 • Fiscal year 2014 • EIN 03-0184028

Jan 01, 2014 to Dec 31, 2014 • Filed on Apr 25, 2015

202 Main StreetNewport, VT 05855

(802) 334-7902

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.01x

Higher debt load relative to assets than 22% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

38th percentile

0.06x

Higher debt load relative to revenue than 38% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

71st percentile

13%

Higher net margin than 71% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

50th percentile

2.1%

Faster asset growth than 50% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

37th percentile

-0.4%

Faster revenue growth than 37% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Up

$2,012,871

Up $40,895 (+2.1%) from 2013

Net Assets

Up

$1,998,236

Up $30,997 (+1.6%) from 2013

Liabilities

Up

$14,635

Up $9,898 (+209%) from 2013

Revenue

Down

$241,637

Down $940 (-0.4%) from 2013

Expenses

Up

$210,640

Up $11,563 (+5.8%) from 2013

Net Income

Down

$30,997

Down $12,503 (-29%) from 2013

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: $1,894,849Liabilities 2011: $1,829Net Assets 2011: $1,893,0202011Assets 2012: $1,927,448Liabilities 2012: $3,709Net Assets 2012: $1,923,7392012Assets 2013: $1,971,976Liabilities 2013: $4,737Net Assets 2013: $1,967,2392013Assets 2014: $2,012,871Liabilities 2014: $14,635Net Assets 2014: $1,998,2362014Assets 2015: $1,985,659Liabilities 2015: $3,238Net Assets 2015: $1,982,4212015Assets 2016: $1,977,893Liabilities 2016: $2,688Net Assets 2016: $1,975,2052016Assets 2017: $1,994,103Liabilities 2017: $2,654Net Assets 2017: $1,991,4492017Assets 2018: $2,005,416Liabilities 2018: $5,567Net Assets 2018: $1,999,8492018Assets 2019: $2,008,299Liabilities 2019: $2,747Net Assets 2019: $2,005,5522019Assets 2020: $2,096,611Liabilities 2020: $2,864Net Assets 2020: $2,093,7472020Assets 2021: $2,241,349Liabilities 2021: $3,418Net Assets 2021: $2,237,9312021Assets 2022: $2,221,279Liabilities 2022: $3,479Net Assets 2022: $2,217,8002022Assets 2023: $2,261,855Liabilities 2023: $2,520Net Assets 2023: $2,259,3352023Assets 2024: $2,301,874Liabilities 2024: $5,393Net Assets 2024: $2,296,4812024

Highlighted filing

2014

Assets$2,012,871
Liabilities$14,635
Net Assets$1,998,236

Operations Trend

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

$300K$200K$100K$0-$100KExpenses 2011: $174,3852011Expenses 2012: $193,7432012Revenue 2013: $242,577Expenses 2013: $199,077Net Income 2013: $43,5002013Revenue 2014: $241,637Expenses 2014: $210,640Net Income 2014: $30,9972014Revenue 2015: $203,063Expenses 2015: $218,878Net Income 2015: -$15,8152015Revenue 2016: $210,009Expenses 2016: $217,225Net Income 2016: -$7,2162016Revenue 2017: $234,212Expenses 2017: $217,968Net Income 2017: $16,2442017Revenue 2018: $246,597Expenses 2018: $238,197Net Income 2018: $8,4002018Revenue 2019: $215,164Expenses 2019: $209,461Net Income 2019: $5,7032019Revenue 2020: $208,704Expenses 2020: $120,509Net Income 2020: $88,1952020Revenue 2021: $227,325Expenses 2021: $159,759Net Income 2021: $67,5662021Revenue 2022: $218,267Expenses 2022: $221,389Net Income 2022: -$3,1222022Revenue 2023: $193,670Expenses 2023: $213,883Net Income 2023: -$20,2132023Revenue 2024: $235,973Expenses 2024: $219,845Net Income 2024: $16,1282024

Highlighted filing

2014

Revenue$241,637
Expenses$210,640
Net Income$30,997
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Apr 25, 2015
Return Version
2014v5.0
Gross Receipts
$413,633
Mission and Program Overview

Mission

Operation of a public library to provide community access to books, magazines, periodicals, and to provide a public forum for historical and cultural activities and creating a community fueled by imagination, information and connection.

Operation of a public library to provide community access to books, magazine and periodicals, and to provide a public forum for historic and cultural activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,462,753$1,460,328▼ $2,425
Pd in Cap Srpls Land Bldg Eqp Fund$1,403,193$1,403,193→ $0
Rtn Earn Endowment Incm Other Fnds$564,046$595,043▲ $30,997
Cash and Non-Interest-Bearing Accounts$22,051$43,272▲ $21,221
Prepaid Expenses and Deferred Charges$10,817$8,515▼ $2,302
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$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-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,971,976$2,012,871▲ $40,895
Other Assets Total$476,355$500,756▲ $24,401
Liabilities
Other Liabilities$2,001$12,498▲ $10,497
Accounts Payable and Accrued Expenses$2,736$2,137▼ $599
Total Liabilities$4,737$14,635▲ $9,898
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,967,239$1,998,236▲ $30,997
Total Liabilities and Net Assets / Fund Balance$1,971,976$2,012,871▲ $40,895

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,460,328$9,149$1,469,477
Compensation and Service Providers

Board Members and Trustees

NameTitle
James JohnsonChairman
Alan FranklinVice Chairman
Denise DaigleDirector
Joe PhelanDirector
Steve MasonDirector
Steven EdgerleyDirector
Terry LucasDirector
Janice UrieSecretary
Louise BonvechioTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$164,548
Program Service Revenue
$0
Investment Income
$66,295
Other Revenue
$10,794
All Other Contributions
$38,048
Change in Net Assets
$30,997
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$135,391
Other Expenses$75,249
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$88,663$30,104-$118,767
Occupancy$32,030--$32,030
Payroll Taxes$7,791$2,510-$10,301
Fees for Service Investment Mgmnt Fees$5,181--$5,181
Other Employee Benefits-$3,386-$3,386
Fees for Services Accounting$3,045--$3,045
All Other Expenses$2,957--$2,957
Pension Plan Contributions$1,737$1,200-$2,937
Insurance$2,695--$2,695
Depreciation Depletion$2,425--$2,425
Other Expenses$1,359--$1,359
Interest$589--$589
Advertising$472--$472
Conferences and Meetings$315--$315
Total Functional Expenses$173,440$37,200$0$210,640
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$7,429
Fundraising Direct Expenses$3,535
Professional Fundraising Fees$0
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Psb Loc$10,000
Genealogy Project$2,498
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

Treasurer presents the form 990 to the board for review.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Members are required in the by-laws to point out potential conflicts of interest. There is no formal monitoring of this procedure, but the expectation of compliance is known by the boardmembers.

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

Tax forms and other documents are available on request.

Filing and Contact Details

Filer

Filer Name
Goodrich Memorial Library Inc
EIN
03-0184028
Phone
8023347902
Address
202 Main Street, Newport, VT 05855

Signing Officer

Name
Louise Bonvechio
Title
Treasurer
Signed
2015-04-25
Discuss with paid preparer
Yes

Organization Details

Voting Board Members
9
Independent Board Members
9
Employees
11
Volunteers
12

Preparer

Firm
Pat Hunt Inc
Address
375 E Main St, Newport, VT 05855
Preparer
Helene C Sykes EA
Phone
8023348322
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IRS990/OtherExpensesGrp/TotalAmt31359
IRS990/OtherLiabilitiesGrp/BOYAmt02001
IRS990/OtherLiabilitiesGrp/EOYAmt012498
IRS990/OtherRevenueMiscGrp/Desc0Copies, fax & fees
IRS990/OtherRevenueMiscGrp/Desc1Gift/coffee sales
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt06771
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1129
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt06771
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1129
IRS990/OtherRevenueTotalAmt06900
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt030104
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt088663
IRS990/OtherSalariesAndWagesGrp/TotalAmt0118767
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02510
IRS990/PayrollTaxesGrp/ProgramServicesAmt07791
IRS990/PayrollTaxesGrp/TotalAmt010301
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt01403193
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt01403193
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01200
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01737
IRS990/PensionPlanContributionsGrp/TotalAmt02937
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt010817
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08515
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0194973
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt032048
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt070195
IRS990/PYOtherRevenueAmt015556
IRS990/PYRevenuesLessExpensesAmt043500
IRS990/PYSalariesCompEmpBnftPaidAmt0128882
IRS990/PYTotalExpensesAmt0199077
IRS990/PYTotalRevenueAmt0242577
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt030997
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0564046
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0595043
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0164548
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0194973
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0192648
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0158803
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0270402
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0981374
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt020612
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt032048
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt025346
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt030234
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt017705
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0125945
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt045683
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt06095
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0-905
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt06230
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0-11204
IRS990ScheduleA/OtherIncome170Grp/TotalAmt045899
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.85100
IRS990ScheduleA/PublicSupportPY170Pct00.89730
IRS990ScheduleA/PublicSupportTotal170Amt0981374
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0164548
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0194973
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0192648
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0158803
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0270402
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0981374
IRS990ScheduleA/TotalSupportAmt01153218
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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/BookValueAmt01460328
IRS990ScheduleD/BuildingsGrp/DepreciationAmt09149
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01469477
IRS990ScheduleD/HistoricStructureInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02498
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt110000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0GENEALOGY PROJECT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PSB LOC
IRS990ScheduleD/Section170hRqrStsfdInd0false
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01460328
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0500756
IRS990ScheduleD/TotalLiabilityAmt012498
IRS990ScheduleD/WrittenPolicyMonitoringInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TREASURER PRESENTS THE FORM 990 TO THE BOARD FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Members are required in the by-laws to point out potential conflicts of interest. There is no formal monitoring of this procedure, but the expectation of compliance is known by the boardmembers.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TAX FORMS AND OTHER DOCUMENTS ARE AVAILABLE ON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01971976
IRS990/TotalAssetsEOYAmt02012871
IRS990/TotalAssetsGrp/BOYAmt01971976
IRS990/TotalAssetsGrp/EOYAmt02012871
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0164548
IRS990/TotalEmployeeCnt011
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.30$0.01$2.30$0.24$0.22$0.02
2023Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$2.26$0.00$2.26$0.19$0.21$0.02
2022Detailed filing. Detailed filing data is available for this year.$2.22$0.00$2.22$0.22$0.22$0.00
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.24$0.00$2.24$0.23$0.16$0.07
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.10$0.00$2.09$0.21$0.12$0.09
2019Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$2.01$0.00$2.01$0.22$0.21$0.01
2018Detailed filing. Detailed filing data is available for this year.$2.01$0.01$2.00$0.25$0.24$0.01
2017Detailed filing. Detailed filing data is available for this year.$1.99$0.00$1.99$0.23$0.22$0.02
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.98$0.00$1.98$0.21$0.22$0.01
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.99$0.00$1.98$0.20$0.22$0.02
2014Detailed filing. Detailed filing data is available for this year.$2.01$0.01$2.00$0.24$0.21$0.03
2013Summary only. Only limited summary data is available for this year.$1.97$0.00$1.97$0.24$0.20$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.93$0.00$1.92$0.19
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.89$0.00$1.89$0.17