Civic Intelligence

Cotuit Library Association

990 • Fiscal year 2014 • EIN 04-2203831

Jul 01, 2013 to Jun 30, 2014 • Filed on Oct 06, 2014

871 Main StreetCotuit, MA 02635

(508) 428-8141

Siviq Scores

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

Liabilities / Assets

19th percentile

0.00x

Higher debt load relative to assets than 19% of similar nonprofits.

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

Liabilities / Revenue

22nd percentile

0.01x

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

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

Net Margin

78th percentile

20%

Higher net margin than 78% of similar nonprofits.

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

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2014

Asset Growth

76th percentile

14%

Faster asset growth than 76% of similar nonprofits.

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

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Up

$1,656,935

Up $200,531 (+14%) from 2013

Net Assets

Up

$1,650,612

Up $204,636 (+14%) from 2013

Liabilities

Down

$6,323

Down $4,105 (-39%) from 2013

Revenue

Up

$424,890

Up $54,516 (+15%) from 2013

Expenses

Up

$341,448

Up $29,978 (+9.6%) from 2013

Net Income

Up

$83,442

Up $24,538 (+42%) from 2013

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $1,301,045Liabilities 2011: $9,371Net Assets 2011: $1,291,6742011Assets 2012: $1,339,968Liabilities 2012: $5,722Net Assets 2012: $1,334,2462012Assets 2013: $1,456,404Liabilities 2013: $10,428Net Assets 2013: $1,445,9762013Assets 2014: $1,656,935Liabilities 2014: $6,323Net Assets 2014: $1,650,6122014Assets 2015: $1,619,380Liabilities 2015: $14,467Net Assets 2015: $1,604,9132015Assets 2016: $1,719,320Liabilities 2016: $10,006Net Assets 2016: $1,709,3142016Assets 2017: $1,837,252Liabilities 2017: $88,560Net Assets 2017: $1,748,6922017Assets 2018: $1,941,273Liabilities 2018: $17,800Net Assets 2018: $1,923,4732018Assets 2019: $2,085,909Liabilities 2019: $17,233Net Assets 2019: $2,068,6762019Assets 2020: $2,028,821Liabilities 2020: $9,984Net Assets 2020: $2,018,8372020Assets 2021: $2,517,868Liabilities 2021: $8,938Net Assets 2021: $2,508,9302021Assets 2022: $2,261,994Liabilities 2022: $10,431Net Assets 2022: $2,251,5632022Assets 2023: $2,419,730Liabilities 2023: $9,331Net Assets 2023: $2,410,3992023Assets 2024: $2,675,589Liabilities 2024: $5,078Net Assets 2024: $2,670,5112024Assets 2025: $3,056,690Liabilities 2025: $7,884Net Assets 2025: $3,048,8062025

Highlighted filing

2014

Assets$1,656,935
Liabilities$6,323
Net Assets$1,650,612

Operations Trend

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

$800K$600K$400K$200K$0-$200KExpenses 2011: $291,2922011Expenses 2012: $318,3772012Revenue 2013: $370,374Expenses 2013: $311,470Net Income 2013: $58,9042013Revenue 2014: $424,890Expenses 2014: $341,448Net Income 2014: $83,4422014Revenue 2015: $364,170Expenses 2015: $349,510Net Income 2015: $14,6602015Revenue 2016: $396,506Expenses 2016: $393,160Net Income 2016: $3,3462016Revenue 2017: $502,496Expenses 2017: $366,595Net Income 2017: $135,9012017Revenue 2018: $546,878Expenses 2018: $386,243Net Income 2018: $160,6352018Revenue 2019: $469,447Expenses 2019: $396,857Net Income 2019: $72,5902019Revenue 2020: $386,685Expenses 2020: $322,033Net Income 2020: $64,6522020Revenue 2021: $598,979Expenses 2021: $396,614Net Income 2021: $202,3652021Revenue 2022: $389,578Expenses 2022: $417,492Net Income 2022: -$27,9142022Revenue 2023: $435,438Expenses 2023: $463,953Net Income 2023: -$28,5152023Revenue 2024: $579,937Expenses 2024: $496,647Net Income 2024: $83,2902024Revenue 2025: $724,088Expenses 2025: $488,220Net Income 2025: $235,8682025

Highlighted filing

2014

Revenue$424,890
Expenses$341,448
Net Income$83,442
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Oct 6, 2014
Return Version
2013v4.0
Gross Receipts
$424,890
Mission and Program Overview

Mission

FREE LENDING LIBRARY

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,445,976$1,650,612▲ $204,636
Investments in Publicly Traded Securities$1,122,324$1,244,018▲ $121,694
Land, Buildings, and Equipment, Net$238,699$225,537▼ $13,162
Cash and Non-Interest-Bearing Accounts$95,381$186,380▲ $90,999
Prepaid Expenses and Deferred Charges-$1,000-
Total Assets$1,456,404$1,656,935▲ $200,531
Liabilities
Accounts Payable and Accrued Expenses$8,889$6,323▼ $2,566
Mortgage Notes Payable Secured by Investment Property$1,539--
Total Liabilities$10,428$6,323▼ $4,105
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,445,976$1,650,612▲ $204,636
Total Liabilities and Net Assets / Fund Balance$1,456,404$1,656,935▲ $200,531

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$193,715$144,367$338,082
Equipment$15,272$14,495$29,767
Land$16,550-$16,550
Compensation and Service Providers

Board Members and Trustees

NameTitle
Richard HamiltonPresident
Aj BallouDirector
Cynthia Der HagopianDirector
Daphne ChurbuckDirector
Ellen MycockDirector
Jim CanavanDirector
Justin GrimesDirector
K C MitkeviciusDirector
Roger GrayDirector
Robert NewcomerAsst Treasur
Vernon GrabelSecretary
Stanley GoldsteinTreasurer
Charlie DingsVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$312,807
Program Service Revenue
$0
Investment Income
$51,042
Other Revenue
$61,041
All Other Contributions
$136,831
Change in Net Assets
$83,442

Audited Revenue Reconciliation

Revenue per Audited Statements
$424,890
Total Revenue per Audited Statements
$424,890
Total Revenue per Form 990
$424,890
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$171,260
Other Expenses$170,188
Total Fundraising Expense$19,199
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$146,945--$146,945
All Other Expenses$16,662$941$6,204$23,807
Other Employee Benefits$13,800--$13,800
Depreciation Depletion$13,164--$13,164
Other Expenses$15,387-$12,995$12,995
Payroll Taxes$10,515--$10,515
Occupancy$10,416--$10,416
Office Expenses$9,746--$9,746
Insurance$3,929$2,487-$6,416
Fees for Services Other$5,462--$5,462
Fees for Services Accounting-$3,200-$3,200
Interest$51--$51
Total Functional Expenses$315,621$6,628$19,199$341,448

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$341,448
Total Expenses per Audited Statements$341,448
Total Expenses per Form 990$341,448
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$54,631
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$33,197$33,197-$33,197
Event 2$12,872$12,872-$12,872
Total Events$53,017$53,017-$53,017
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
No
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
Yes
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

Board of trustees review tax return prior to filing.

Form 990, Page 6, Part VI, Line 15A

Subject to board of trustees approval and vote.

Form 990, Page 6, Part VI, Line 15B

Subject to board of trustees approval and vote.

Form 990, Page 6, Part VI, Line 19

Governing documents available upon request.

Filing and Contact Details

Filer

EIN
04-2203831
Phone
5084288141

Signing Officer

Name
Stanley Goldstein
Title
Treasurer
Phone
5084288141
Signed
2014-10-06
Discuss with paid preparer
Yes

Organization Details

Voting Board Members
13
Independent Board Members
13
Employees
8

Preparer

Preparer
Michael J Walsh CPA
Phone
5084280790
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

ANNUAL APPEAL

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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/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01445976
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01650612
IRS990ScheduleA/Form990ScheduleAPartIVGrp/ExplanationTxt0MISCELLANEOUS 16,472
IRS990ScheduleA/Form990ScheduleAPartIVGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0136831
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt087502
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt078497
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0182233
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt088951
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0574014
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt051042
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt050581
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt049476
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt045430
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt044801
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0241330
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt054631
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt06410
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt02988
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt03304
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt04116
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt06064
IRS990ScheduleA/OtherIncome170Grp/TotalAmt022882
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.84000
IRS990ScheduleA/PublicSupportPY170Pct00.83360
IRS990ScheduleA/PublicSupportTotal170Amt01386933
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt0175976
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt0165240
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt0159126
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt0156213
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt0156364
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt0812919
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0312807
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0252742
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0237623
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0338446
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0245315
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01386933
IRS990ScheduleA/TotalSupportAmt01651145
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/BookValueAmt0193715
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0144367
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0338082
IRS990ScheduleD/EquipmentGrp/BookValueAmt015272
IRS990ScheduleD/EquipmentGrp/DepreciationAmt014495
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt029767
IRS990ScheduleD/ExpensesSubtotalAmt0341448
IRS990ScheduleD/LandGrp/BookValueAmt016550
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt016550
IRS990ScheduleD/RevenueSubtotalAmt0424890
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0225537
IRS990ScheduleD/TotalExpensesPerForm990Amt0341448
IRS990ScheduleD/TotalRevenuePerForm990Amt0424890
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0424890
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0341448
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt033197
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt012872
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt06948
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt053017
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt033197
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt012872
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt06948
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt053017
IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent1Amt0GOLF TOURNAMENT
IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent2Amt0HOUSE TOUR
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt053017
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ANNUAL APPEAL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD OF TRUSTEES REVIEW TAX RETURN PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SUBJECT TO BOARD OF TRUSTEES APPROVAL AND VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SUBJECT TO BOARD OF TRUSTEES APPROVAL AND VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01456404
IRS990/TotalAssetsEOYAmt01656935
IRS990/TotalAssetsGrp/BOYAmt01456404
IRS990/TotalAssetsGrp/EOYAmt01656935
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0312807
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt019199
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt06628
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0315621
IRS990/TotalFunctionalExpensesGrp/TotalAmt0341448
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt010428
IRS990/TotalLiabilitiesEOYAmt06323
IRS990/TotalLiabilitiesGrp/BOYAmt010428
IRS990/TotalLiabilitiesGrp/EOYAmt06323
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01445976
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01650612
IRS990/TotalOtherProgSrvcExpenseAmt02071
IRS990/TotalProgramServiceExpensesAmt0315621
IRS990/TotalRevenueGrp/ExclusionAmt057452
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0424890
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01456404
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01656935
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.06$0.01$3.05$0.72$0.49$0.24
2024Detailed filing. Detailed filing data is available for this year.$2.68$0.01$2.67$0.58$0.50$0.08
2023Detailed filing. Detailed filing data is available for this year.$2.42$0.01$2.41$0.44$0.46$0.03
2022Detailed filing. Detailed filing data is available for this year.$2.26$0.01$2.25$0.39$0.42$0.03
2021Detailed filing. Detailed filing data is available for this year.$2.52$0.01$2.51$0.60$0.40$0.20
2020Summary only. Only limited summary data is available for this year.$2.03$0.01$2.02$0.39$0.32$0.06
2019Detailed filing. Detailed filing data is available for this year.$2.09$0.02$2.07$0.47$0.40$0.07
2018Summary only. Only limited summary data is available for this year.$1.94$0.02$1.92$0.55$0.39$0.16
2017Detailed filing. Detailed filing data is available for this year.$1.84$0.09$1.75$0.50$0.37$0.14
2016Detailed filing. Detailed filing data is available for this year.$1.72$0.01$1.71$0.40$0.39$0.00
2015Detailed filing. Detailed filing data is available for this year.$1.62$0.01$1.60$0.36$0.35$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.66$0.01$1.65$0.42$0.34$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.46$0.01$1.45$0.37$0.31$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.34$0.01$1.33$0.32
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.30$0.01$1.29$0.29