Civic Intelligence

Raynham Public Library

990 • Fiscal year 2018 • EIN 04-2383933

Jul 01, 2017 to Jun 30, 2018 • Filed on Dec 29, 2018

760 South Main StreetRaynham, MA 02767

(508) 823-1344

Siviq Scores

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

Liabilities / Assets

50th percentile

0.03x

Higher debt load relative to assets than 50% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

57th percentile

0.05x

Higher debt load relative to revenue than 57% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

47th percentile

2.2%

Higher net margin than 47% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

50th percentile

1.6%

Faster asset growth than 50% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

48th percentile

3.2%

Faster revenue growth than 48% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Up

$744,526

Up $11,955 (+1.6%) from 2017

Net Assets

Up

$721,122

Up $9,346 (+1.3%) from 2017

Liabilities

Up

$23,404

Up $2,609 (+13%) from 2017

Revenue

Up

$431,243

Up $13,184 (+3.2%) from 2017

Expenses

Up

$421,897

Up $16,360 (+4.0%) from 2017

Net Income

Down

$9,346

Down $3,176 (-25%) from 2017

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $575,847Liabilities 2011: $0Net Assets 2011: $575,8472011Assets 2012: $572,670Liabilities 2012: $0Net Assets 2012: $572,6702012Assets 2013: $394,283Liabilities 2013: $14,000Net Assets 2013: $380,2832013Assets 2014: $384,294Liabilities 2014: $23,540Net Assets 2014: $360,7542014Assets 2015: $371,606Liabilities 2015: $11,482Net Assets 2015: $360,1242015Assets 2016: $706,352Liabilities 2016: $7,098Net Assets 2016: $699,2542016Assets 2017: $732,571Liabilities 2017: $20,795Net Assets 2017: $711,7762017Assets 2018: $744,526Liabilities 2018: $23,404Net Assets 2018: $721,1222018Assets 2019: $769,836Liabilities 2019: $17,618Net Assets 2019: $752,2182019Assets 2020: $797,199Liabilities 2020: $36,926Net Assets 2020: $760,2732020Assets 2021: $394,006Liabilities 2021: $40,283Net Assets 2021: $353,7232021Assets 2022: $317,677Liabilities 2022: $0Net Assets 2022: $317,6772022Assets 2023: $309,573Liabilities 2023: $0Net Assets 2023: $309,5732023

Highlighted filing

2018

Assets$744,526
Liabilities$23,404
Net Assets$721,122

Operations Trend

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

$500K$0-$500KExpenses 2011: $317,8442011Expenses 2012: $319,1172012Revenue 2013: $342,802Expenses 2013: $352,456Net Income 2013: -$9,6542013Revenue 2014: $360,485Expenses 2014: $380,014Net Income 2014: -$19,5292014Revenue 2015: $375,106Expenses 2015: $399,416Net Income 2015: -$24,3102015Revenue 2016: $375,241Expenses 2016: $382,133Net Income 2016: -$6,8922016Revenue 2017: $418,059Expenses 2017: $405,537Net Income 2017: $12,5222017Revenue 2018: $431,243Expenses 2018: $421,897Net Income 2018: $9,3462018Revenue 2019: $487,094Expenses 2019: $455,998Net Income 2019: $31,0962019Revenue 2020: $478,873Expenses 2020: $470,659Net Income 2020: $8,2142020Revenue 2021: $65,911Expenses 2021: $497,640Net Income 2021: -$431,7292021Revenue 2022: $6,431Expenses 2022: $42,477Net Income 2022: -$36,0462022Revenue 2023: $41Expenses 2023: $8,145Net Income 2023: -$8,1042023

Highlighted filing

2018

Revenue$431,243
Expenses$421,897
Net Income$9,346
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Dec 29, 2018
Return Version
2017v2.3
Gross Receipts
$431,243
Mission and Program Overview

Mission

The organization is a public library serving the interests of the residents of raynham, massachusetts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$369,932$385,193▲ $15,261
Investments in Publicly Traded Securities$187,758$197,176▲ $9,418
Land, Buildings, and Equipment, Net$85,756$78,114▼ $7,642
Savings and Temporary Cash Investments$62,196$53,560▼ $8,636
Cash and Non-Interest-Bearing Accounts$22,339$25,798▲ $3,459
Prepaid Expenses and Deferred Charges$4,590$4,685▲ $95
Total Assets$732,571$744,526▲ $11,955
Liabilities
Accounts Payable and Accrued Expenses$12,555$13,677▲ $1,122
Other Liabilities$8,240$9,727▲ $1,487
Total Liabilities$20,795$23,404▲ $2,609
Net Assets / Fund Balance
Temporarily Rstr Net Assets$369,932$385,193▲ $15,261
Unrestricted Net Assets$341,844$335,929▼ $5,915
Total Net Assets Fund Balance$711,776$721,122▲ $9,346
Total Liabilities and Net Assets / Fund Balance$732,571$744,526▲ $11,955

Asset Categories

AssetBook ValueDepreciationBasis
Buildings-$220,649$220,649
Leasehold Improvements$76,030$46,536$122,566
Other Land Buildings$401$3,828$4,229
Equipment$1,683$1,726$3,409
Compensation and Service Providers

Board Members and Trustees

NameTitle
Lisa RaymondPresident
Dr Leigh KozakPresident-el
Betsy McdermottDirector
Edward RosterDirector
Heidi DohertyDirector
JEFF D'AMBLYDirector
John DonahueDirector
Mark KarsnerDirector
Rev James TilbeDirector
Jul-mi ChoClerk
Barbara GallagherTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$408,175
Program Service Revenue
$12,403
Investment Income
$10,665
Other Revenue
$0
All Other Contributions
$6,227
Change in Net Assets
$9,346
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$268,846
Other Expenses$153,051
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$195,915$28,871-$224,786
Other Employee Benefits$24,835$3,660-$28,495
Occupancy$20,944--$20,944
Payroll Taxes$13,566$1,999-$15,565
Office Expenses$14,745--$14,745
Other Expenses$11,968--$11,968
Fees for Services Accounting-$9,850-$9,850
Depreciation Depletion$7,642--$7,642
Insurance-$5,575-$5,575
Information Technology-$2,531-$2,531
Fees for Services Other$2,368--$2,368
Fees for Services Legal$940--$940
Total Functional Expenses$369,411$52,486$0$421,897
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Payroll$9,727
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Other officer compensation reviewed
Yes
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, Page 6, Part VI, Line 6

The affairs of the library are conducted by its board of directors which is comprised of volunteers from the community who are elected to serve one- year terms by the members of the corporation. Those members consist of residents of the town of raynham who are at least 18 years of age and are accepted by a vote of the existing membership at its annual meeting.

Form 990, Page 6, Part VI, Line 7A

Members elect the board of directors at the annual meeting.

Form 990, Page 6, Part VI, Line 11B

The form 990 is distributed to the appropriate members of the board of directors for review.

Form 990, Page 6, Part VI, Line 12C

The board of directors requires annual update and review of the conflict policy statements.

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

The board of directors has access to comparable and statistical information regarding the compensation of employees at libraries of similar size, operating budget, and organizational structure and responsibilities. This information is used to prepare annual compensation reviews in conjunction with overall performance evaluations.

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

Employee compensation is reviewed annually along with annual performance evaluations.

Form 990, Page 6, Part VI, Line 19

The library makes its governing documents, conflict of interest policy, financial statements, and tax returns accessible to the public upon request made at the library facility.

Filing and Contact Details

Filer

Filer Name
Raynham Public Library
EIN
04-2383933
Phone
5088231344
Address
760 SOUTH MAIN STREET, RAYNHAM, MA 02767

Signing Officer

Name
Dr Leigh Kozak
Title
President-elect
Phone
5088231344
Signed
2018-12-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Leigh Kozak
Formed
1968
Legal Domicile
Ma
Voting Board Members
11
Independent Board Members
11
Employees
10
Volunteers
20

Preparer

Firm
Lisa Aldrich CPA
Address
PO BOX 80082, SOUTH DARTMOUTH, MA 02748
Preparer
Lisa Aldrich
Phone
7742648576
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

Management has evaluated significant tax positions against the criteria established by professional standards and believes there are no such tax positions requiring accounting recognition in the financial statements. Management does not believe that its evaluation of tax positions will significantly change within twelve months of june 30, 2018. Any changes in tax position will be recorded when the ultimate outcome becomes known. The library's information tax returns are subject to examination by the appropriate taxing jurisdictions. As of june 30, 2018, the library's federal and various state tax returns generally remain open for the last three years. The library currently has no tax examinations in progress.

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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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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0LIBRARY INCOME 65,641
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0358708
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0604
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt011796
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IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt023068
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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt014279
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0358708
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0335652
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IRS990ScheduleA/TotalSupportAmt01960134
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt01726
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09727
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED PAYROLL
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT HAS EVALUATED SIGNIFICANT TAX POSITIONS AGAINST THE CRITERIA ESTABLISHED BY PROFESSIONAL STANDARDS AND BELIEVES THERE ARE NO SUCH TAX POSITIONS REQUIRING ACCOUNTING RECOGNITION IN THE FINANCIAL STATEMENTS. MANAGEMENT DOES NOT BELIEVE THAT ITS EVALUATION OF TAX POSITIONS WILL SIGNIFICANTLY CHANGE WITHIN TWELVE MONTHS OF JUNE 30, 2018. ANY CHANGES IN TAX POSITION WILL BE RECORDED WHEN THE ULTIMATE OUTCOME BECOMES KNOWN. THE LIBRARY'S INFORMATION TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE APPROPRIATE TAXING JURISDICTIONS. AS OF JUNE 30, 2018, THE LIBRARY'S FEDERAL AND VARIOUS STATE TAX RETURNS GENERALLY REMAIN OPEN FOR THE LAST THREE YEARS. THE LIBRARY CURRENTLY HAS NO TAX EXAMINATIONS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE AFFAIRS OF THE LIBRARY ARE CONDUCTED BY ITS BOARD OF DIRECTORS WHICH IS COMPRISED OF VOLUNTEERS FROM THE COMMUNITY WHO ARE ELECTED TO SERVE ONE- YEAR TERMS BY THE MEMBERS OF THE CORPORATION. THOSE MEMBERS CONSIST OF RESIDENTS OF THE TOWN OF RAYNHAM WHO ARE AT LEAST 18 YEARS OF AGE AND ARE ACCEPTED BY A VOTE OF THE EXISTING MEMBERSHIP AT ITS ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS ELECT THE BOARD OF DIRECTORS AT THE ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS DISTRIBUTED TO THE APPROPRIATE MEMBERS OF THE BOARD OF DIRECTORS FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS REQUIRES ANNUAL UPDATE AND REVIEW OF THE CONFLICT POLICY STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS HAS ACCESS TO COMPARABLE AND STATISTICAL INFORMATION REGARDING THE COMPENSATION OF EMPLOYEES AT LIBRARIES OF SIMILAR SIZE, OPERATING BUDGET, AND ORGANIZATIONAL STRUCTURE AND RESPONSIBILITIES. THIS INFORMATION IS USED TO PREPARE ANNUAL COMPENSATION REVIEWS IN CONJUNCTION WITH OVERALL PERFORMANCE EVALUATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5EMPLOYEE COMPENSATION IS REVIEWED ANNUALLY ALONG WITH ANNUAL PERFORMANCE EVALUATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE LIBRARY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, AND TAX RETURNS ACCESSIBLE TO THE PUBLIC UPON REQUEST MADE AT THE LIBRARY FACILITY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalProgramServiceExpensesAmt0369411
IRS990/TotalProgramServiceRevenueAmt012403
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0431243
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IRS990/UnrestrictedNetAssetsGrp/BOYAmt0341844
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0123 SHERWOOD LANE
IRS990/USAddress/CityNm0RAYNHAM
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002767
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0WWW.RAYNHAMPUBLICLIBRARY.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DR LEIGH KOZAK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT-ELECT
ReturnHeader/BusinessOfficerGrp/PhoneNum05088231344
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-12-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RAYNHAM PUBLIC LIBRARY
ReturnHeader/Filer/BusinessNameControlTxt0RAYN
ReturnHeader/Filer/EIN0042383933
ReturnHeader/Filer/PhoneNum05088231344
ReturnHeader/Filer/USAddress/AddressLine1Txt0760 SOUTH MAIN STREET
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$3.10$0.00$3.10$0.00$0.08$0.08
2022Detailed filing. Detailed filing data is available for this year.$3.18$0.00$3.18$0.06$0.42$0.36
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.94$0.40$3.54$0.66$4.98$4.32
2020Detailed filing. Detailed filing data is available for this year.$7.97$0.37$7.60$4.79$4.71$0.08
2019Detailed filing. Detailed filing data is available for this year.$7.70$0.18$7.52$4.87$4.56$0.31
2018Detailed filing. Detailed filing data is available for this year.$7.45$0.23$7.21$4.31$4.22$0.09
2017Detailed filing. Detailed filing data is available for this year.$7.33$0.21$7.12$4.18$4.06$0.13
2016Detailed filing. Detailed filing data is available for this year.$7.06$0.07$6.99$3.75$3.82$0.07
2015Detailed filing. Detailed filing data is available for this year.$3.72$0.11$3.60$3.75$3.99$0.24
2014Detailed filing. Detailed filing data is available for this year.$3.84$0.24$3.61$3.60$3.80$0.20
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.94$0.14$3.80$3.43$3.52$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.73$0.00$5.73$3.19
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.76$0.00$5.76$3.18