Civic Intelligence

Stockbridge Library Association

990 • Fiscal year 2021 • EIN 04-2125005

Jul 01, 2020 to Jun 30, 2021 • Filed on Oct 07, 2021

Box 119Stockbridge, MA 01262

(413) 298-5501

Siviq Scores

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

Liabilities / Assets

31st percentile

0.01x

Higher debt load relative to assets than 31% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

46th percentile

0.07x

Higher debt load relative to revenue than 46% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

28th percentile

0.9%

Higher net margin than 28% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

31st percentile

1.5%

Faster asset growth than 31% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

84th percentile

81%

Faster revenue growth than 84% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$4,500,844

Up $68,158 (+1.5%) from 2020

Net Assets

Up

$4,448,942

Up $65,056 (+1.5%) from 2020

Liabilities

Up

$51,902

Up $3,102 (+6.4%) from 2020

Revenue

Up

$712,544

Up $319,704 (+81%) from 2020

Expenses

Up

$705,846

Up $30,387 (+4.5%) from 2020

Net Income

Up

$6,698

Up $289,317 (+102%) from 2020

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $1,762,736Liabilities 2011: $0Net Assets 2011: $1,762,7362011Assets 2012: $1,773,942Liabilities 2012: $0Net Assets 2012: $1,773,9422012Assets 2013: $1,767,283Liabilities 2013: $0Net Assets 2013: $1,767,2832013Assets 2014: $2,496,321Liabilities 2014: $0Net Assets 2014: $2,496,3212014Assets 2015: $3,607,173Liabilities 2015: $0Net Assets 2015: $3,607,1732015Assets 2016: $5,724,207Liabilities 2016: $601,295Net Assets 2016: $5,122,9122016Assets 2017: $5,314,953Liabilities 2017: $199,792Net Assets 2017: $5,115,1612017Assets 2018: $4,984,836Liabilities 2018: $45,465Net Assets 2018: $4,939,3712018Assets 2019: $4,714,222Liabilities 2019: $0Net Assets 2019: $4,714,2222019Assets 2020: $4,432,686Liabilities 2020: $48,800Net Assets 2020: $4,383,8862020Assets 2021: $4,500,844Liabilities 2021: $51,902Net Assets 2021: $4,448,9422021Assets 2022: $4,190,747Liabilities 2022: $6,393Net Assets 2022: $4,184,3542022Assets 2023: $4,081,305Liabilities 2023: $27,232Net Assets 2023: $4,054,0732023Assets 2024: $3,784,490Liabilities 2024: $25,790Net Assets 2024: $3,758,7002024Assets 2025: $3,741,334Liabilities 2025: $11,987Net Assets 2025: $3,729,3472025

Highlighted filing

2021

Assets$4,500,844
Liabilities$51,902
Net Assets$4,448,942

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2011: $252,705Expenses 2011: $291,957Net Income 2011: -$39,2522011Revenue 2012: $330,027Expenses 2012: $339,078Net Income 2012: -$9,0512012Revenue 2013: $296,633Expenses 2013: $318,234Net Income 2013: -$21,6012013Revenue 2014: $1,081,152Expenses 2014: $449,674Net Income 2014: $631,4782014Revenue 2015: $1,525,612Expenses 2015: $366,348Net Income 2015: $1,159,2642015Revenue 2016: $1,982,519Expenses 2016: $519,310Net Income 2016: $1,463,2092016Revenue 2017: $641,237Expenses 2017: $653,663Net Income 2017: -$12,4262017Revenue 2018: $498,061Expenses 2018: $648,516Net Income 2018: -$150,4552018Revenue 2019: $530,934Expenses 2019: $668,029Net Income 2019: -$137,0952019Revenue 2020: $392,840Expenses 2020: $675,459Net Income 2020: -$282,6192020Revenue 2021: $712,544Expenses 2021: $705,846Net Income 2021: $6,6982021Revenue 2022: $707,349Expenses 2022: $749,931Net Income 2022: -$42,5822022Revenue 2023: $526,698Expenses 2023: $803,825Net Income 2023: -$277,1272023Revenue 2024: $566,381Expenses 2024: $920,886Net Income 2024: -$354,5052024Revenue 2025: $842,959Expenses 2025: $914,167Net Income 2025: -$71,2082025

Highlighted filing

2021

Revenue$712,544
Expenses$705,846
Net Income$6,698
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Oct 7, 2021
Return Version
2020v4.0
Gross Receipts
$2,256,493
Mission and Program Overview

Mission

The library is a vibrant center of community life in stockbridge, massachusetts and serves the needs of the residents of stockbridge and the surrounding area by supporting lifelong learning, strengthening the community, and preserving the historical record of the town.

The mission of the stockbridge library association and its historical museum and archives is to be a vibrant center of community life in stockbridge, massachusetts. The library services the needs of the residents of stockbridge, ma

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,353,349$3,117,655▼ $235,694
Investments in Publicly Traded Securities$931,461$1,224,538▲ $293,077
Cash and Non-Interest-Bearing Accounts$6,209$96,278▲ $90,069
Savings and Temporary Cash Investments$141,667$62,373▼ $79,294
Total Assets$4,432,686$4,500,844▲ $68,158
Liabilities
Mortgage Notes Payable Secured by Investment Property$48,800$51,902▲ $3,102
Total Liabilities$48,800$51,902▲ $3,102
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,382,375$4,447,430▲ $65,055
Net Assets With Donor Restrictions$1,511$1,512▲ $1
Total Net Assets Fund Balance$4,383,886$4,448,942▲ $65,056
Total Liabilities and Net Assets / Fund Balance$4,432,686$4,500,844▲ $68,158

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,052,990$1,534,762$4,587,752
Equipment$64,665$185,950$250,615
Compensation and Service Providers

Board Members and Trustees

NameTitle
Marty SennettPresident
Debbie WiswesserDirector
John PerkelDirector
Kelly Anne McguireDirector
Leonard SigalDirector
Leslie ShatzDirector
Mary BerleDirector
Rick WilcoxDirector
Susan MoorDirector
Suzanne YaleDirector
Stephanie BradfordSecretary
Robert MurrayTreasurer
Robin DumasVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$570,123
Program Service Revenue
$36,263
Investment Income
$101,941
Other Revenue
$4,217
All Other Contributions
$330,466
Change in Net Assets
$6,698
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$434,299
Salaries, Compensation, and Employee Benefits$271,547
Total Fundraising Expense$9,314
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$245,834--$245,834
Other Salaries and Wages$169,590--$169,590
Occupancy$78,276--$78,276
Comp Disqual Persons$70,000--$70,000
Payroll Taxes$24,558--$24,558
Insurance$14,790--$14,790
Fees for Services Accounting-$14,215-$14,215
Office Expenses$9,875--$9,875
Advertising$9,323--$9,323
Other Expenses$11,583-$9,314$9,314
Pension Plan Contributions$4,599--$4,599
Fees for Service Investment Mgmnt Fees-$4,198-$4,198
All Other Expenses$4,068--$4,068
Other Employee Benefits$2,800--$2,800
Fees for Services Legal-$2,698-$2,698
Interest-$465-$465
Total Functional Expenses$674,956$21,576$9,314$705,846
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$6,127
Fundraising Direct Expenses$2,134
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
Yes
Audit committee
Yes
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, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

Available at www.guidestar.org or upon request

Filing and Contact Details

Filer

Filer Name
Stockbridge Library Association
EIN
04-2125005
Phone
4132985501
Address
BOX 119, STOCKBRIDGE, MA 01262

Signing Officer

Name
Marty Sennett
Title
President
Phone
4132985501
Signed
2021-10-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marty Sennett
Formed
1919
Legal Domicile
Ma
Voting Board Members
13
Independent Board Members
13
Employees
10
Volunteers
105

Preparer

Firm
Killeen Arace & Quinn Pc
Address
PO BOX 1819, PITTSFIELD, MA 01202-1819
Preparer
Christine Arace CPA
Phone
4134437366
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of the stockbridge library association and its historical museum and archives is to be a vibrant center of community life in stockbridge, ma. The library serves the needs of the residents of stockbridge, ma

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IRS990/PrincipalOfficerNm0MARTY SENNETT
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IRS990/PYContributionsGrantsAmt0324774
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IRS990/PYInvestmentIncomeAmt023904
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0128886
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IRS990ScheduleA/PublicSupportTotal170Amt01963944
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
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IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt03052990
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01534762
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04587752
IRS990ScheduleD/EquipmentGrp/BookValueAmt064665
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0185950
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IRS990ScheduleD/TotalBookValueLandBuildingsAmt03117655
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MISSION OF THE STOCKBRIDGE LIBRARY ASSOCIATION AND ITS HISTORICAL MUSEUM AND ARCHIVES IS TO BE A VIBRANT CENTER OF COMMUNITY LIFE IN STOCKBRIDGE, MA. THE LIBRARY SERVES THE NEEDS OF THE RESIDENTS OF STOCKBRIDGE, MA
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE AT WWW.GUIDESTAR.ORG OR UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
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IRS990/TotalGrossUBIAmt00
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IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt014 CHURCH STREET
IRS990/USAddress/AddressLine2Txt0PO BOX 748
IRS990/USAddress/CityNm0STOCKBRIDGE
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.74$0.01$3.73$0.84$0.91$0.07
2024Detailed filing. Detailed filing data is available for this year.$3.78$0.03$3.76$0.57$0.92$0.35
2023Detailed filing. Detailed filing data is available for this year.$4.08$0.03$4.05$0.53$0.80$0.28
2022Detailed filing. Detailed filing data is available for this year.$4.19$0.01$4.18$0.71$0.75$0.04
2021Detailed filing. Detailed filing data is available for this year.$4.50$0.05$4.45$0.71$0.71$0.01
2020Detailed filing. Detailed filing data is available for this year.$4.43$0.05$4.38$0.39$0.68$0.28
2019Detailed filing. Detailed filing data is available for this year.$4.71$0.00$4.71$0.53$0.67$0.14
2018Summary only. Only limited summary data is available for this year.$4.98$0.05$4.94$0.50$0.65$0.15
2017Detailed filing. Detailed filing data is available for this year.$5.31$0.20$5.12$0.64$0.65$0.01
2016Summary only. Only limited summary data is available for this year.$5.72$0.60$5.12$1.98$0.52$1.46
2015Summary only. Only limited summary data is available for this year.$3.61$0.00$3.61$1.53$0.37$1.16
2014Summary only. Only limited summary data is available for this year.$2.50$0.00$2.50$1.08$0.45$0.63
2013Summary only. Only limited summary data is available for this year.$1.77$0.00$1.77$0.30$0.32$0.02
2012Summary only. Only limited summary data is available for this year.$1.77$0.00$1.77$0.33$0.34$0.01
2011Summary only. Only limited summary data is available for this year.$1.76$0.00$1.76$0.25$0.29$0.04