Civic Intelligence

Western Massachusetts Regional Library System Inc

990 • Fiscal year 2015 • EIN 04-2738891

Jul 01, 2014 to Jun 30, 2015 • Filed on May 13, 2016

PO Box 609South Deerfield, MA 01373-0609

(413) 665-9898

Siviq Scores

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

Liabilities / Assets

96th percentile

1.48x

Higher debt load relative to assets than 96% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

99th percentile

16.90x

Higher debt load relative to revenue than 99% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

5th percentile

-62%

Higher net margin than 5% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

92nd percentile

$132,441

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 192.6% of source-year revenue.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

14th percentile

-12%

Faster asset growth than 14% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

30th percentile

-6.0%

Faster revenue growth than 30% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Down

$785,067

Down $109,211 (-12%) from 2014

Net Assets

Down

-$377,469

Down $42,365 (-13%) from 2014

Liabilities

Down

$1,162,536

Down $66,846 (-5.4%) from 2014

Revenue

Down

$68,772

Down $4,425 (-6.0%) from 2014

Expenses

Up

$111,137

Up $60,732 (+120%) from 2014

Net Income

Down

-$42,365

Down $65,157 (-286%) from 2014

Historical Trend

Balance Sheet Trend

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

$2.0M$1.0M$0-$1.0MAssets 2011: $1,787,965Liabilities 2011: $1,316,124Net Assets 2011: $471,8412011Assets 2012: $1,674,464Liabilities 2012: $1,293,273Net Assets 2012: $381,1912012Assets 2013: $910,865Liabilities 2013: $1,268,761Net Assets 2013: -$357,8962013Assets 2014: $894,278Liabilities 2014: $1,229,382Net Assets 2014: -$335,1042014Assets 2015: $785,067Liabilities 2015: $1,162,536Net Assets 2015: -$377,4692015Assets 2016: $59,434Liabilities 2016: $57,720Net Assets 2016: $1,7142016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017

Highlighted filing

2015

Assets$785,067
Liabilities$1,162,536
Net Assets-$377,469

Operations Trend

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

$1.0M$500K$0-$500K-$1.0MExpenses 2011: $194,2662011Expenses 2012: $159,4252012Revenue 2013: $75,823Expenses 2013: $814,910Net Income 2013: -$739,0872013Revenue 2014: $73,197Expenses 2014: $50,405Net Income 2014: $22,7922014Revenue 2015: $68,772Expenses 2015: $111,137Net Income 2015: -$42,3652015Revenue 2016: $407,728Expenses 2016: $28,545Net Income 2016: $379,1832016Revenue 2017: $5,405Expenses 2017: $7,119Net Income 2017: -$1,7142017

Highlighted filing

2015

Revenue$68,772
Expenses$111,137
Net Income-$42,365
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 13, 2016
Return Version
2014v6.0
Gross Receipts
$68,772
Mission and Program Overview

Mission

To operate a regional library system and to provide, support, and promote library programs, services, and materials in western massachusetts.

To operate a regional library system and to provide, support, and promote library programs, services, and materials in western ma.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$814,000$773,350▼ $40,650
Cash and Non-Interest-Bearing Accounts$75,269$6,708▼ $68,561
Total Assets$894,278$785,067▼ $109,211
Other Assets Total$5,009$5,009→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,171,015$1,151,849▼ $19,166
Other Liabilities$57,593$9,913▼ $47,680
Accounts Payable and Accrued Expenses$774$774→ $0
Total Liabilities$1,229,382$1,162,536▼ $66,846
Net Assets / Fund Balance
Unrestricted Net Assets$-335,104$-377,469▼ $42,365
Total Net Assets Fund Balance$-335,104$-377,469▼ $42,365
Total Liabilities and Net Assets / Fund Balance$894,278$785,067▼ $109,211

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$398,810$1,052,177-
Land$148,157--
Equipment$226,383$542,016-
Compensation and Service Providers

Employees

NameTitleOtherTotal
Gregory PronevitzExecutive Director$132,441$132,441

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$68,772
Change in Net Assets
$-42,365
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$111,137
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$42,165$7,441-$49,606
Other Expenses$18,894$40,650-$18,894
Fees for Services Legal-$1,987-$1,987
Total Functional Expenses$61,059$50,078$0$111,137
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
Due to Mass. Library Systems$9,913
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

The organization is organized as a non-stock corporation with a board of directors instead of members or stockholders.

Form 990, Part VI, Section A, Line 7B

The organization is organized as a non-stock corporation with a board of directors instead of members or stockholders.

Form 990, Part VI, Section B, Line 11

Copies of form 990 are provided to the organization's governing body for their review before the form is filed.

Form 990, Part VI, Section B, Line 12C

Directors, officers and council members are required to fully disclose the nature of the interest and withdraw from discussion. Meeting minutes record such disclosures and abstentions.

Form 990, Part VI, Section C, Line 19

The organization's governing documents can be viewed on guidestar.org and are also available upon request.

Schedule A Part II Section C Line 18

Western massachusetts regional library systems is a part of a consolidated financial statement included in the massachusetts library system. This organization has been winding down and was trying to sell its only asset as of the year end of this tax return. In october 2015 the western massachusetts regional library system sold its only asset and is working to pay off the remaining mortgage. They do not pass the public support test, on an individual basis, but they are not a private foundation as they will be closing down for the 2015 tax return filing. On a consolidated basis they do pass the public support test.

Filing and Contact Details

Filer

Filer Name
Western Massachusetts Regional Library
EIN
04-2738891
Phone
4136659898
Address
PO BOX 609, SOUTH DEERFIELD, MA 01373-0609

Signing Officer

Name
Margot Malachowski
Title
President
Phone
4136659898
Signed
2016-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Betty Johnson
Formed
1997
Legal Domicile
Ma
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
0

Preparer

Firm
Marcum Llp
Address
53 STATE STREET FLOOR 38, BOSTON, MA 02109
Preparer
Barry Chait
Phone
6178075000
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

No change in audit procedure.

Financial Statement Notes

PART X, LINE 2:

The agency is recognized as an organization exempt from federal income taxes under section 501(c)(3) of the internal revenue code (the "code") whereby only unrelated business income, as defined by section 512(a)(1) of the code, is subject to federal income tax. In addition, the agency has been determined by the internal revenue service not to be a private foundation within the meaning of section 509(a) of the code. The agency recognizes and measures its unrecognized tax positions in accordance with fasb asc 740, income taxes. Under that guidance the agency assesses the likelihood, based on their technical merit, that tax positions will be sustained upon examination based on the facts, circumstances and information available at the end of each period. The measurement of unrecognized tax positions is adjusted when new information is available, or when an event occurs that requires a change. Interest and penalties associated with unrecognized tax positions are classified as additional income taxes in the combined statement of activities. The agency did not identify any uncertain tax positions in 2015 or 2014. The agency is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

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IRS990/NetAssetsOrFundBalancesEOYAmt0-377469
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IRS990/OtherExpensesGrp/Desc1REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt040650
IRS990/OtherExpensesGrp/ProgramServicesAmt018894
IRS990/OtherExpensesGrp/TotalAmt040650
IRS990/OtherExpensesGrp/TotalAmt118894
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IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0BETTY JOHNSON
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IRS990/ProhibitedTaxShelterTransInd00
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
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IRS990/RegularMonitoringEnfrcInd01
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IRS990/RentalIncomeOrLossGrp/RealAmt068772
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IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0542016
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO MASS. LIBRARY SYSTEMS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE AGENCY IS RECOGNIZED AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE") WHEREBY ONLY UNRELATED BUSINESS INCOME, AS DEFINED BY SECTION 512(A)(1) OF THE CODE, IS SUBJECT TO FEDERAL INCOME TAX. IN ADDITION, THE AGENCY HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE CODE. THE AGENCY RECOGNIZES AND MEASURES ITS UNRECOGNIZED TAX POSITIONS IN ACCORDANCE WITH FASB ASC 740, INCOME TAXES. UNDER THAT GUIDANCE THE AGENCY ASSESSES THE LIKELIHOOD, BASED ON THEIR TECHNICAL MERIT, THAT TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BASED ON THE FACTS, CIRCUMSTANCES AND INFORMATION AVAILABLE AT THE END OF EACH PERIOD. THE MEASUREMENT OF UNRECOGNIZED TAX POSITIONS IS ADJUSTED WHEN NEW INFORMATION IS AVAILABLE, OR WHEN AN EVENT OCCURS THAT REQUIRES A CHANGE. INTEREST AND PENALTIES ASSOCIATED WITH UNRECOGNIZED TAX POSITIONS ARE CLASSIFIED AS ADDITIONAL INCOME TAXES IN THE COMBINED STATEMENT OF ACTIVITIES. THE AGENCY DID NOT IDENTIFY ANY UNCERTAIN TAX POSITIONS IN 2015 OR 2014. THE AGENCY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0773350
IRS990ScheduleD/TotalLiabilityAmt09913
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS ORGANIZED AS A NON-STOCK CORPORATION WITH A BOARD OF DIRECTORS INSTEAD OF MEMBERS OR STOCKHOLDERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION IS ORGANIZED AS A NON-STOCK CORPORATION WITH A BOARD OF DIRECTORS INSTEAD OF MEMBERS OR STOCKHOLDERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COPIES OF FORM 990 ARE PROVIDED TO THE ORGANIZATION'S GOVERNING BODY FOR THEIR REVIEW BEFORE THE FORM IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DIRECTORS, OFFICERS AND COUNCIL MEMBERS ARE REQUIRED TO FULLY DISCLOSE THE NATURE OF THE INTEREST AND WITHDRAW FROM DISCUSSION. MEETING MINUTES RECORD SUCH DISCLOSURES AND ABSTENTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS CAN BE VIEWED ON GUIDESTAR.ORG AND ARE ALSO AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO CHANGE IN AUDIT PROCEDURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6WESTERN MASSACHUSETTS REGIONAL LIBRARY SYSTEMS IS A PART OF A CONSOLIDATED FINANCIAL STATEMENT INCLUDED IN THE MASSACHUSETTS LIBRARY SYSTEM. THIS ORGANIZATION HAS BEEN WINDING DOWN AND WAS TRYING TO SELL ITS ONLY ASSET AS OF THE YEAR END OF THIS TAX RETURN. IN OCTOBER 2015 THE WESTERN MASSACHUSETTS REGIONAL LIBRARY SYSTEM SOLD ITS ONLY ASSET AND IS WORKING TO PAY OFF THE REMAINING MORTGAGE. THEY DO NOT PASS THE PUBLIC SUPPORT TEST, ON AN INDIVIDUAL BASIS, BUT THEY ARE NOT A PRIVATE FOUNDATION AS THEY WILL BE CLOSING DOWN FOR THE 2015 TAX RETURN FILING. ON A CONSOLIDATED BASIS THEY DO PASS THE PUBLIC SUPPORT TEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6SCHEDULE A PART II SECTION C LINE 18
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0MASSACHUSETTS LIBRARY SYSTEM
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0043387698
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501 (C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0OPERATE A REGIONAL LIBRARY SYSTEM AND LIBRARY PROGRAMS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0170 (B)(1)(A)(VI)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0225 CEDAR HILL STREET SUITE 229
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0MARLBOROUGH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd001752
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt09913
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt168772
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt20
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt30
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt40
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt50
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1FMV RENT
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2VARIOUS
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt3VARIOUS
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt4VARIOUS
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt5VARIOUS
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0MASSACHUSETTS LIBRARY SYSTEMS
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1MASSACHUSETTS LIBRARY SYSTEMS

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