Civic Intelligence

Quechee Library Association

990 • Fiscal year 2023 • EIN 03-6010391

Jul 01, 2022 to Jun 30, 2023 • Filed on May 06, 2024

1957 Quechee Main StQuechee, VT 05059

(802) 295-1232

Siviq Scores

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

Liabilities / Assets

35th percentile

0.00x

Higher debt load relative to assets than 35% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

38th percentile

0.00x

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

41st percentile

0.0%

Higher net margin than 41% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

70th percentile

$57,143

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 27.0% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

33rd percentile

-2.0%

Faster asset growth than 33% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

34th percentile

-2.6%

Faster revenue growth than 34% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Down

$676,604

Down $14,098 (-2.0%) from 2022

Net Assets

Down

$675,888

Down $13,029 (-1.9%) from 2022

Liabilities

Down

$716

Down $1,069 (-60%) from 2022

Revenue

Down

$211,536

Down $5,626 (-2.6%) from 2022

Expenses

Down

$211,476

Down $370 (-0.2%) from 2022

Net Income

Down

$60

Down $5,256 (-99%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0-$200KAssets 2011: $605,241Liabilities 2011: $0Net Assets 2011: $605,2412011Assets 2012: $602,791Liabilities 2012: $0Net Assets 2012: $602,7912012Assets 2013: $586,410Liabilities 2013: $604Net Assets 2013: $585,8062013Assets 2014: $590,872Liabilities 2014: $715Net Assets 2014: $590,1572014Assets 2015: $591,576Liabilities 2015: -$98Net Assets 2015: $591,6742015Assets 2016: $587,644Liabilities 2016: $9,902Net Assets 2016: $577,7422016Assets 2017: $585,051Liabilities 2017: $8,902Net Assets 2017: $576,1492017Assets 2018: $597,566Liabilities 2018: $10,724Net Assets 2018: $586,8422018Assets 2019: $669,571Liabilities 2019: $10,937Net Assets 2019: $658,6342019Assets 2020: $670,408Liabilities 2020: $10,741Net Assets 2020: $659,6672020Assets 2021: $674,099Liabilities 2021: $7,312Net Assets 2021: $666,7872021Assets 2022: $690,702Liabilities 2022: $1,785Net Assets 2022: $688,9172022Assets 2023: $676,604Liabilities 2023: $716Net Assets 2023: $675,8882023Assets 2024: $710,140Liabilities 2024: -$458Net Assets 2024: $710,5982024

Highlighted filing

2023

Assets$676,604
Liabilities$716
Net Assets$675,888

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2011: $181,472Expenses 2011: $159,823Net Income 2011: $21,6492011Revenue 2012: $164,913Expenses 2012: $167,330Net Income 2012: -$2,4172012Revenue 2013: $187,250Expenses 2013: $203,450Net Income 2013: -$16,2002013Revenue 2014: $210,238Expenses 2014: $207,950Net Income 2014: $2,2882014Revenue 2015: $200,572Expenses 2015: $200,457Net Income 2015: $1152015Revenue 2016: $191,403Expenses 2016: $205,335Net Income 2016: -$13,9322016Revenue 2017: $200,442Expenses 2017: $204,331Net Income 2017: -$3,8892017Revenue 2018: $205,885Expenses 2018: $196,630Net Income 2018: $9,2552018Revenue 2019: $273,397Expenses 2019: $203,311Net Income 2019: $70,0862019Revenue 2020: $204,587Expenses 2020: $206,579Net Income 2020: -$1,9922020Revenue 2021: $206,819Expenses 2021: $203,672Net Income 2021: $3,1472021Revenue 2022: $217,162Expenses 2022: $211,846Net Income 2022: $5,3162022Revenue 2023: $211,536Expenses 2023: $211,476Net Income 2023: $602023Revenue 2024: $232,276Expenses 2024: $204,069Net Income 2024: $28,2072024

Highlighted filing

2023

Revenue$211,536
Expenses$211,476
Net Income$60
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 6, 2024
Return Version
2022v5.0
Gross Receipts
$211,536
Mission and Program Overview

Mission

The Quechee Library serves as a public library and freely provides access and materials for information, lifelong learning, entertainment, and reflection, as well as programs to foster community and engagement.

The Quechee Library freely provides access and materials for information, lifelong learning, entertainment, and reflection, as well as to foster community

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$410,777$435,456▲ $24,679
Investments in Publicly Traded Securities$184,614$181,462▼ $3,152
Savings and Temporary Cash Investments$90,088$59,593▼ $30,495
Cash and Non-Interest-Bearing Accounts$5,223$93▼ $5,130
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$690,702$676,604▼ $14,098
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$2,278$2,470▲ $192
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Accounts Payable and Accrued Expenses$-493$-1,754▼ $1,261
Total Liabilities$1,785$716▼ $1,069
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$688,917$675,888▼ $13,029
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$688,917$675,888▼ $13,029
Total Liabilities and Net Assets / Fund Balance$690,702$676,604▼ $14,098

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$375,238$448,784$824,022
Equipment$10,953$124,370$135,323
Land$45,000-$45,000
Leasehold Improvements$4,265$10,258$14,523
Other Land Buildings$0$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kate SchaalLibrary DirectorPT$57,143$57,143

Board Members and Trustees

NameTitle
Tommy BauchPresident
Debbie MarcusTrustee
James SchmidtTrustee
Mark BradleyTrustee
William EastwoodTrustee
Brian ChaboyerSecretary
David IzzoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$196,103
Program Service Revenue
$5,637
Investment Income
$9,796
Other Revenue
$0
All Other Contributions
$11,081
Change in Net Assets
$60
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$125,525
Other Expenses$85,951
Total Fundraising Expense$12,062
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$34,774$19,646$6,046$60,466
Comp Disqual Persons$36,508$16,849$2,808$56,165
Occupancy$11,615$11,616-$23,231
Depreciation Depletion-$22,246-$22,246
Payroll Taxes$5,435$2,783$676$8,894
Information Technology$3,694$2,429-$6,123
Advertising$2,605--$2,605
Other Expenses$0$0$2,532$2,532
Office Expenses$952$437-$1,389
Conferences and Meetings-$237-$237
All Other Expenses$50$0$0$50
Total Functional Expenses$123,171$76,243$12,062$211,476
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
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, Part VI, Section B, Line 11B

Copies made available in the office and notified at a Board meeting and with email

Form 990, Part VI, Section C, Line 19

Documents are made available on the organization's web site, and by request

Filing and Contact Details

Filer

Filer Name
Quechee Library Association
EIN
03-6010391
Phone
8022951232
Address
1957 Quechee Main St, Quechee, VT 05059

Signing Officer

Name
David Izzo
Title
Treasurer
Phone
8022951232
Signed
2024-05-06

Organization Details

Principal Officer
David Izzo
Formed
1984
Legal Domicile
Vt
Voting Board Members
7
Independent Board Members
7
Employees
7
Volunteers
20
Raw XML AppendixShowing 400 of 510 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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IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt32532
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt021150
IRS990/OtherExpensesGrp/ProgramServicesAmt13832
IRS990/OtherExpensesGrp/ProgramServicesAmt22556
IRS990/OtherExpensesGrp/ProgramServicesAmt30
IRS990/OtherExpensesGrp/TotalAmt021150
IRS990/OtherExpensesGrp/TotalAmt13832
IRS990/OtherExpensesGrp/TotalAmt22556
IRS990/OtherExpensesGrp/TotalAmt32532
IRS990/OtherLiabilitiesGrp/BOYAmt02278
IRS990/OtherLiabilitiesGrp/EOYAmt02470
IRS990/OtherRevenueTotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0676
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02783
IRS990/PayrollTaxesGrp/ProgramServicesAmt05435
IRS990/PayrollTaxesGrp/TotalAmt08894
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0David Izzo
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0519120
IRS990/ProgramServiceRevenueGrp/BusinessCd1519120
IRS990/ProgramServiceRevenueGrp/Desc0Booksales
IRS990/ProgramServiceRevenueGrp/Desc1Misc Fines, printing and copying
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04956
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1681
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04956
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1681
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0204803
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt05738
IRS990/PYOtherExpensesAmt093049
IRS990/PYOtherRevenueAmt06621
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt05316
IRS990/PYSalariesCompEmpBnftPaidAmt0118797
IRS990/PYTotalExpensesAmt0211846
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0217162
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt060
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0211538
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt090088
IRS990/SavingsAndTempCashInvstGrp/EOYAmt059593
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0booksales and fines, printing, copying
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part II, Line 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt014703
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt023403
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt018088
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt016714
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt088391
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0161299
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt05795
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt05738
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt03972
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt03765
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt02465
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt021735
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt05637
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt05735
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt03401
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt05105
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt07408
IRS990ScheduleA/OtherIncome170Grp/TotalAmt027286
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.95567
IRS990ScheduleA/PublicSupportPY170Pct00.90700
IRS990ScheduleA/PublicSupportTotal170Amt01056872
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt0181400
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt0181400
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt0181400
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt0177490
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt0173883
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt0895573
IRS990ScheduleA/ThirtyThrPctSuprtTestsPY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0196103
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0204803
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0199488
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0194204
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0262274
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01056872
IRS990ScheduleA/TotalSupportAmt01105893
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0375238
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0448784
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0824022
IRS990ScheduleD/EquipmentGrp/BookValueAmt010953
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0124370
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.10$0.00$7.11$2.32$2.04$0.28
2023Detailed filing. Detailed filing data is available for this year.$6.77$0.01$6.76$2.12$2.11$0.00
2022Detailed filing. Detailed filing data is available for this year.$6.91$0.02$6.89$2.17$2.12$0.05
2021Detailed filing. Detailed filing data is available for this year.$6.74$0.07$6.67$2.07$2.04$0.03
2020Summary only. Only limited summary data is available for this year.$6.70$0.11$6.60$2.05$2.07$0.02
2019Summary only. Only limited summary data is available for this year.$6.70$0.11$6.59$2.73$2.03$0.70
2018Summary only. Only limited summary data is available for this year.$5.98$0.11$5.87$2.06$1.97$0.09
2017Summary only. Only limited summary data is available for this year.$5.85$0.09$5.76$2.00$2.04$0.04
2016Summary only. Only limited summary data is available for this year.$5.88$0.10$5.78$1.91$2.05$0.14
2015Summary only. Only limited summary data is available for this year.$5.92$0.00$5.92$2.01$2.00$0.00
2014Summary only. Only limited summary data is available for this year.$5.91$0.01$5.90$2.10$2.08$0.02
2013Summary only. Only limited summary data is available for this year.$5.86$0.01$5.86$1.87$2.03$0.16
2012Summary only. Only limited summary data is available for this year.$6.03$0.00$6.03$1.65$1.67$0.02
2011Summary only. Only limited summary data is available for this year.$6.05$0.00$6.05$1.81$1.60$0.22