Civic Intelligence

Marion Library Association

990 • Fiscal year 2023 • EIN 04-2151737

Jul 01, 2022 to Jun 30, 2023 • Filed on May 15, 2024

8 Spring StreetMarion, MA 02738

(508) 748-1252

Siviq Scores

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

Liabilities / Assets

47th percentile

0.01x

Higher debt load relative to assets than 47% of similar nonprofits.

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

Liabilities / Revenue

52nd percentile

0.02x

Higher debt load relative to revenue than 52% of similar nonprofits.

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

Net Margin

64th percentile

13%

Higher net margin than 64% of similar nonprofits.

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

Top Officer Pay

79th percentile

$76,777

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 19.4% of source-year revenue.

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

Asset Growth

66th percentile

12%

Faster asset growth than 66% of similar nonprofits.

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

Revenue Growth

58th percentile

14%

Faster revenue growth than 58% of similar nonprofits.

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

Assets

Up

$826,532

Up $87,649 (+12%) from 2022

Net Assets

Up

$817,416

Up $88,317 (+12%) from 2022

Liabilities

Down

$9,116

Down $668 (-6.8%) from 2022

Revenue

Up

$396,028

Up $47,780 (+14%) from 2022

Expenses

Up

$346,372

Up $54,942 (+19%) from 2022

Net Income

Down

$49,656

Down $7,162 (-13%) from 2022

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2011: $447,410Liabilities 2011: $3,261Net Assets 2011: $444,1492011Assets 2012: $415,107Liabilities 2012: $3,272Net Assets 2012: $411,8352012Assets 2013: $410,707Liabilities 2013: $175Net Assets 2013: $410,5322013Assets 2014: $425,899Liabilities 2014: $8,065Net Assets 2014: $417,8342014Assets 2015: $438,952Liabilities 2015: $19,240Net Assets 2015: $419,7122015Assets 2016: $424,111Liabilities 2016: $5,618Net Assets 2016: $418,4932016Assets 2017: $441,545Liabilities 2017: $6,697Net Assets 2017: $434,8482017Assets 2018: $507,642Liabilities 2018: $6,343Net Assets 2018: $501,2992018Assets 2019: $535,200Liabilities 2019: $3,867Net Assets 2019: $531,3332019Assets 2020: $595,745Liabilities 2020: $34,294Net Assets 2020: $561,4512020Assets 2021: $780,139Liabilities 2021: $36,056Net Assets 2021: $744,0832021Assets 2022: $738,883Liabilities 2022: $9,784Net Assets 2022: $729,0992022Assets 2023: $826,532Liabilities 2023: $9,116Net Assets 2023: $817,4162023Assets 2024: $905,289Liabilities 2024: $4,037Net Assets 2024: $901,2522024

Highlighted filing

2023

Assets$826,532
Liabilities$9,116
Net Assets$817,416

Operations Trend

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

$400K$200K$0-$200KRevenue 2011: $193,863Expenses 2011: $208,381Net Income 2011: -$14,5182011Revenue 2012: $202,860Expenses 2012: $232,289Net Income 2012: -$29,4292012Revenue 2013: $198,453Expenses 2013: $221,755Net Income 2013: -$23,3022013Revenue 2014: $200,090Expenses 2014: $221,197Net Income 2014: -$21,1072014Revenue 2015: $207,743Expenses 2015: $216,795Net Income 2015: -$9,0522015Revenue 2016: $277,420Expenses 2016: $214,864Net Income 2016: $62,5562016Revenue 2017: $219,813Expenses 2017: $220,857Net Income 2017: -$1,0442017Revenue 2018: $269,642Expenses 2018: $221,138Net Income 2018: $48,5042018Revenue 2019: $265,711Expenses 2019: $254,323Net Income 2019: $11,3882019Revenue 2020: $250,589Expenses 2020: $229,543Net Income 2020: $21,0462020Revenue 2021: $319,020Expenses 2021: $245,815Net Income 2021: $73,2052021Revenue 2022: $348,248Expenses 2022: $291,430Net Income 2022: $56,8182022Revenue 2023: $396,028Expenses 2023: $346,372Net Income 2023: $49,6562023Revenue 2024: $390,815Expenses 2024: $326,932Net Income 2024: $63,8832024

Highlighted filing

2023

Revenue$396,028
Expenses$346,372
Net Income$49,656
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 15, 2024
Return Version
2022v5.0
Gross Receipts
$676,887
Mission and Program Overview

Mission

To provide library services to the general public and surrounding communities

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$440,070$470,346▲ $30,276
Savings and Temporary Cash Investments$237,434$295,163▲ $57,729
Cash and Non-Interest-Bearing Accounts$50,172$56,134▲ $5,962
Land, Buildings, and Equipment, Net$5,096$4,789▼ $307
Prepaid Expenses and Deferred Charges$6,110$100▼ $6,010
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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$738,883$826,532▲ $87,649
Other Assets Total$1$0▼ $1
Liabilities
Other Liabilities$9,784$9,116▼ $668
Total Liabilities$9,784$9,116▼ $668
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$625,541$664,904▲ $39,363
Net Assets With Donor Restrictions$103,558$152,512▲ $48,954
Total Net Assets Fund Balance$729,099$817,416▲ $88,317
Total Liabilities and Net Assets / Fund Balance$738,883$826,532▲ $87,649

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements-$260,550$260,550
Equipment-$46,097$46,097
Other Land Buildings$144$10,975$11,119
Buildings$4,645$396$5,041
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Elizabeth A SherryExecutive DirectorFT$76,777$76,777

Board Members and Trustees

NameTitle
Elise FrangosPresident
Garrett GryskaVice President
Christina BonneyDirector
David Finn-ClarkeDirector
Joyce LeblancDirector
Kyle PardoDirector
Laura Dadagian O'RourkeSecretary
Bonnie KirchnerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$333,243
Program Service Revenue
$41,860
Investment Income
$7,197
Other Revenue
$13,728
All Other Contributions
$114,230
Change in Net Assets
$49,656
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$203,675
Other Expenses$142,697
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$120,497--$120,497
Current Officers, Directors, Trustees, and Key Employees$38,388$38,389-$76,777
Information Technology$26,004--$26,004
Occupancy$24,031--$24,031
All Other Expenses$15,760$194-$15,954
Other Expenses$7,917--$7,917
Payroll Taxes$5,819$582-$6,401
Fees for Services Accounting-$6,000-$6,000
Office Expenses$5,486--$5,486
Fees for Services Other$1,910--$1,910
Insurance$571--$571
Depreciation Depletion$307--$307
Interest-$134-$134
Total Functional Expenses$301,073$45,299$0$346,372
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$13,386
Fundraising Direct Expenses$1,707
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
Payroll Liabilities$3,975
Credit Card Payable$2,741
Accrued Expense$2,400
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
Backup withholding compliance
Yes
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

The president receives a copy of the Form 990 and review with the trustees at the next regular monthly meeting before filing.

Form 990, Part VI, Section C, Line 19

The organization makes its policies and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
Marion Library Association
EIN
04-2151737
Phone
5087481252
Address
8 Spring Street, Marion, MA 02738

Signing Officer

Name
Elise Frangos
Title
President
Signed
2024-05-15
Discuss with paid preparer
Yes

Organization Details

Formed
1989
Legal Domicile
Ma
Voting Board Members
9
Independent Board Members
0
Employees
13

Preparer

Firm
Benoit & Mcardle Pc
Address
240 WAREHAM RD - P O BOX 1037, MARION, MA 02738
Preparer
James N Benoit CPA
Phone
5087481611
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IRS990/OtherExpensesGrp/TotalAmt024907
IRS990/OtherExpensesGrp/TotalAmt117775
IRS990/OtherExpensesGrp/TotalAmt211701
IRS990/OtherExpensesGrp/TotalAmt37917
IRS990/OtherLiabilitiesGrp/BOYAmt09784
IRS990/OtherLiabilitiesGrp/EOYAmt09116
IRS990/OtherRevenueMiscGrp/BusinessCd0519200
IRS990/OtherRevenueMiscGrp/BusinessCd1519200
IRS990/OtherRevenueMiscGrp/Desc0Copier, Fax, Printer fees
IRS990/OtherRevenueMiscGrp/Desc1Library Fines
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01413
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1636
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01413
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1636
IRS990/OtherRevenueTotalAmt02049
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0582
IRS990/PayrollTaxesGrp/ProgramServicesAmt05819
IRS990/PayrollTaxesGrp/TotalAmt06401
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06110
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0100
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Membership Dues & Assessments
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt041860
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt041860
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0269397
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt010946
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0103981
IRS990/PYOtherRevenueAmt09791
IRS990/PYProgramServiceRevenueAmt058114
IRS990/PYRevenuesLessExpensesAmt056818
IRS990/PYSalariesCompEmpBnftPaidAmt0187449
IRS990/PYTotalExpensesAmt0291430
IRS990/PYTotalRevenueAmt0348248
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt049656
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0237434
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0295163
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0156090
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0113839
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt094994
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt093227
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt072109
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0530259
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearAmt0219013
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus1YearAmt0213672
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus2YearsAmt0208460
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt0171290
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt0167735
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt0980170
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt09899
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt010267
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt011141
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt010667
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt010438
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt052412
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt02049
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt01843
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0350
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt02680
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt011827
IRS990ScheduleA/OtherIncome170Grp/TotalAmt018749
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.95500
IRS990ScheduleA/PublicSupportPY170Pct00.94430
IRS990ScheduleA/PublicSupportTotal170Amt01510429
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0375103
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0327511
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0303454
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0264517
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0239844
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01510429
IRS990ScheduleA/TotalSupportAmt01581590
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/BookValueAmt04645
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0396
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05041
IRS990ScheduleD/EquipmentGrp/DepreciationAmt046097
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt046097
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0260550
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0260550
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0144
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt010975
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt011119
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02400
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12741
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt23975
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Accrued Expense
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Credit Card Payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Payroll Liabilities
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04789
IRS990ScheduleD/TotalLiabilityAmt09116
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The president receives a copy of the Form 990 and review with the trustees at the next regular monthly meeting before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MAKES ITS POLICIES AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false

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.$9.05$0.04$9.01$3.91$3.27$0.64
2023Detailed filing. Detailed filing data is available for this year.$8.27$0.09$8.17$3.96$3.46$0.50
2022Detailed filing. Detailed filing data is available for this year.$7.39$0.10$7.29$3.48$2.91$0.57
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.80$0.36$7.44$3.19$2.46$0.73
2020Detailed filing. Detailed filing data is available for this year.$5.96$0.34$5.61$2.51$2.30$0.21
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.35$0.04$5.31$2.66$2.54$0.11
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.08$0.06$5.01$2.70$2.21$0.49
2017Detailed filing. Detailed filing data is available for this year.$4.42$0.07$4.35$2.20$2.21$0.01
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.24$0.06$4.18$2.77$2.15$0.63
2015Detailed filing. Detailed filing data is available for this year.$4.39$0.19$4.20$2.08$2.17$0.09
2014Detailed filing. Detailed filing data is available for this year.$4.26$0.08$4.18$2.00$2.21$0.21
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.11$0.00$4.11$1.98$2.22$0.23
2012Summary only. Only limited summary data is available for this year.$4.15$0.03$4.12$2.03$2.32$0.29
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.47$0.03$4.44$1.94$2.08$0.15