Civic Intelligence

Goodrich Memorial Library Inc.

990 • Fiscal year 2016 • EIN 03-0184028

Jan 01, 2016 to Dec 31, 2016 • Filed on Apr 03, 2017

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

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

22nd percentile

0.01x

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

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

Net Margin

32nd percentile

-3.4%

Higher net margin than 32% 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

43rd percentile

-0.4%

Faster asset growth than 43% of similar nonprofits.

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

Revenue Growth

52nd percentile

3.4%

Faster revenue growth than 52% of similar nonprofits.

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

Assets

Down

$1,977,893

Down $7,766 (-0.4%) from 2015

Net Assets

Down

$1,975,205

Down $7,216 (-0.4%) from 2015

Liabilities

Down

$2,688

Down $550 (-17%) from 2015

Revenue

Up

$210,009

Up $6,946 (+3.4%) from 2015

Expenses

Down

$217,225

Down $1,653 (-0.8%) from 2015

Net Income

Up

-$7,216

Up $8,599 (+54%) 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: $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

2016

Assets$1,977,893
Liabilities$2,688
Net Assets$1,975,205

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

2016

Revenue$210,009
Expenses$217,225
Net Income-$7,216
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Apr 3, 2017
Return Version
2016v3.0
Gross Receipts
$328,744
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$1,457,903$1,461,874▲ $3,971
Pd in Cap Srpls Land Bldg Eqp Fund$1,403,193$1,403,193→ $0
Rtn Earn Endowment Incm Other Fnds$579,228$572,012▼ $7,216
Cash and Non-Interest-Bearing Accounts$36,101$31,799▼ $4,302
Prepaid Expenses and Deferred Charges$5,467$4,372▼ $1,095
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$1,985,659$1,977,893▼ $7,766
Other Assets Total$486,188$479,848▼ $6,340
Liabilities
Other Liabilities$2,499$2,498▼ $1
Accounts Payable and Accrued Expenses$739$190▼ $549
Total Liabilities$3,238$2,688▼ $550
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,982,421$1,975,205▼ $7,216
Total Liabilities and Net Assets / Fund Balance$1,985,659$1,977,893▼ $7,766

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,461,874$14,167$1,476,041
Compensation and Service Providers

Board Members and Trustees

NameTitle
James JohnsonChairman
Denise DaigleDirector
Steve MasonDirector
Steven EdgerleyDirector
Louise BonvechioTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$173,560
Program Service Revenue
$0
Investment Income
$18,770
Other Revenue
$17,679
All Other Contributions
$46,560
Change in Net Assets
$-7,216
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$142,081
Other Expenses$75,144
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$92,850$31,902-$124,752
Occupancy$33,864--$33,864
Payroll Taxes$8,219$2,659-$10,878
Fees for Service Investment Mgmnt Fees$5,250--$5,250
Other Employee Benefits-$3,358-$3,358
Fees for Services Accounting$3,139--$3,139
Pension Plan Contributions$1,817$1,276-$3,093
Insurance$3,063--$3,063
Depreciation Depletion$2,593--$2,593
All Other Expenses$1,166--$1,166
Other Expenses$755--$755
Advertising$290--$290
Interest$117--$117
Total Functional Expenses$178,030$39,195$0$217,225
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$55,434
Fundraising Direct Expenses$43,228
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Furnace Recovery$49,424$49,424$39,563$9,861
Fundraising$5,060$5,060$625$4,435
Total Events$54,484$54,484$40,188$14,296
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
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
2017-04-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Louise Bonvechio
Voting Board Members
9
Independent Board Members
9
Employees
11
Volunteers
12

Preparer

Firm
Hunts Tax Service
Address
375 E Main St, Newport, VT 05855
Preparer
Helene C Sykes EA
Phone
8023348322
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IRS990/PYSalariesCompEmpBnftPaidAmt0137123
IRS990/PYTotalExpensesAmt0218878
IRS990/PYTotalRevenueAmt0203063
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-7216
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0579228
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0572012
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0173560
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0169136
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0164548
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0194973
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0192648
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0894865
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt020172
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt020284
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt020612
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt032048
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt025346
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0118462
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0-2402
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0151
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt045683
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt06095
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0-905
IRS990ScheduleA/OtherIncome170Grp/TotalAmt048622
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.84270
IRS990ScheduleA/PublicSupportPY170Pct00.82570
IRS990ScheduleA/PublicSupportTotal170Amt0894865
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0173560
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0169136
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0164548
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0194973
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0192648
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0894865
IRS990ScheduleA/TotalSupportAmt01061949
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/BookValueAmt01461874
IRS990ScheduleD/BuildingsGrp/DepreciationAmt014167
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01476041
IRS990ScheduleD/HistoricStructureInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02498
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0GENEALOGY PROJECT
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IRS990ScheduleD/TotalBookValueLandBuildingsAmt01461874
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0479848
IRS990ScheduleD/TotalLiabilityAmt02498
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IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt040188
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Furnace Recovery
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0Fundraising
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt049424
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt05060
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt054484
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt049424
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt05060
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt054484
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt014296
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt040188
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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
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt01977893
IRS990/TotalAssetsGrp/BOYAmt01985659
IRS990/TotalAssetsGrp/EOYAmt01977893
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0173560
IRS990/TotalEmployeeCnt011
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt039195
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0178030
IRS990/TotalFunctionalExpensesGrp/TotalAmt0217225
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03238
IRS990/TotalLiabilitiesEOYAmt02688
IRS990/TotalLiabilitiesGrp/BOYAmt03238
IRS990/TotalLiabilitiesGrp/EOYAmt02688
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01982421
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01975205
IRS990/TotalProgramServiceExpensesAmt0178030
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt024243
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0210009
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01985659
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01977893
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X

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.$2.30$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
2016Detailed filing. Detailed filing data is available for this year.$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