Civic Intelligence

Clark Memorial Library

990 • Fiscal year 2015 • EIN 05-6011438

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 05, 2015

PO Box 190Carolina, RI 02812

(401) 364-6100

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.01x

Higher debt load relative to assets than 63% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

73rd percentile

0.03x

Higher debt load relative to revenue than 73% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

53rd percentile

4.7%

Higher net margin than 53% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

48th percentile

0.4%

Faster asset growth than 48% of similar nonprofits.

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

Revenue Growth

51st percentile

1.7%

Faster revenue growth than 51% of similar nonprofits.

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

Assets

Up

$455,578

Up $1,931 (+0.4%) from 2014

Net Assets

Up

$449,381

Up $1,064 (+0.2%) from 2014

Liabilities

Up

$6,197

Up $867 (+16%) from 2014

Revenue

Up

$183,444

Up $3,140 (+1.7%) from 2014

Expenses

Up

$174,788

Up $11,623 (+7.1%) from 2014

Net Income

Down

$8,656

Down $8,483 (-49%) from 2014

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2011: $389,190Liabilities 2011: $4,991Net Assets 2011: $384,1992011Assets 2012: $394,006Liabilities 2012: $6,009Net Assets 2012: $387,9972012Assets 2013: $419,964Liabilities 2013: $5,025Net Assets 2013: $414,9392013Assets 2014: $453,647Liabilities 2014: $5,330Net Assets 2014: $448,3172014Assets 2015: $455,578Liabilities 2015: $6,197Net Assets 2015: $449,3812015Assets 2016: $454,453Liabilities 2016: $3,296Net Assets 2016: $451,1572016Assets 2017: $485,937Liabilities 2017: $3,565Net Assets 2017: $482,3722017Assets 2018: $491,178Liabilities 2018: $3,633Net Assets 2018: $487,5452018Assets 2019: $510,826Liabilities 2019: $4,149Net Assets 2019: $506,6772019Assets 2020: $508,249Liabilities 2020: $4,039Net Assets 2020: $504,2102020Assets 2021: $586,290Liabilities 2021: $5,329Net Assets 2021: $580,9612021Assets 2022: $545,666Liabilities 2022: $5,142Net Assets 2022: $540,5242022Assets 2023: $548,660Liabilities 2023: $3,207Net Assets 2023: $545,4532023Assets 2024: $584,131Liabilities 2024: $6,722Net Assets 2024: $577,4092024

Highlighted filing

2015

Assets$455,578
Liabilities$6,197
Net Assets$449,381

Operations Trend

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

$300K$200K$100K$0-$100KExpenses 2011: $159,7592011Expenses 2012: $159,2472012Revenue 2013: $179,804Expenses 2013: $163,003Net Income 2013: $16,8012013Revenue 2014: $180,304Expenses 2014: $163,165Net Income 2014: $17,1392014Revenue 2015: $183,444Expenses 2015: $174,788Net Income 2015: $8,6562015Revenue 2016: $170,476Expenses 2016: $162,142Net Income 2016: $8,3342016Revenue 2017: $182,615Expenses 2017: $172,219Net Income 2017: $10,3962017Revenue 2018: $177,680Expenses 2018: $179,699Net Income 2018: -$2,0192018Revenue 2019: $187,554Expenses 2019: $178,090Net Income 2019: $9,4642019Revenue 2020: $220,062Expenses 2020: $174,486Net Income 2020: $45,5762020Revenue 2021: $180,439Expenses 2021: $168,787Net Income 2021: $11,6522021Revenue 2022: $192,208Expenses 2022: $190,595Net Income 2022: $1,6132022Revenue 2023: $187,786Expenses 2023: $196,748Net Income 2023: -$8,9622023Revenue 2024: $241,261Expenses 2024: $187,401Net Income 2024: $53,8602024

Highlighted filing

2015

Revenue$183,444
Expenses$174,788
Net Income$8,656
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 5, 2015
Return Version
2014v5.0
Gross Receipts
$319,001
Mission and Program Overview

Mission

Library Services

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$220,541$281,384▲ $60,843
Land, Buildings, and Equipment, Net$107,842$107,966▲ $124
Cash and Non-Interest-Bearing Accounts$70,446$27,704▼ $42,742
Savings and Temporary Cash Investments$26,286$10,784▼ $15,502
Prepaid Expenses and Deferred Charges$331$336▲ $5
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$453,647$455,578▲ $1,931
Other Assets Total$28,201$27,404▼ $797
Liabilities
Other Liabilities$3,596$4,233▲ $637
Accounts Payable and Accrued Expenses$1,734$1,964▲ $230
Total Liabilities$5,330$6,197▲ $867
Net Assets / Fund Balance
Unrestricted Net Assets$424,412$418,141▼ $6,271
Permanently Rstr Net Assets$23,905$23,111▼ $794
Temporarily Rstr Net Assets-$8,129-
Total Net Assets Fund Balance$448,317$449,381▲ $1,064
Total Liabilities and Net Assets / Fund Balance$453,647$455,578▲ $1,931

Asset Categories

AssetBook ValueDepreciationBasis
Buildings-$277,071$277,071
Leasehold Improvements$85,687$49,225$134,912
Other Land Buildings$8,583$53,153$61,736
Equipment$6,784$27,862$34,646
Land$6,912-$6,912
Other Assets Org$4,293--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$23,905-▲ $464-$23,111
2013$21,484-▲ $3,627-$23,905
2012$20,224-▲ $2,446-$21,484
2011$21,507-▼ $88-$20,224
2010$18,457-▲ $4,258-$21,507
Compensation and Service Providers

Board Members and Trustees

NameTitle
Robert OrnsteinPresident
Anthony GomezTrustee
Jane RathburnTrustee
Justin MathewsTrustee
Nancy HaleyTrustee
Lynn ThompsonExecutive Direc
Heidi QuinnSecretary
Dana HabershawTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$167,872
Program Service Revenue
$4,244
Investment Income
$7,437
Other Revenue
$3,891
All Other Contributions
$45,962
Change in Net Assets
$8,656
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$95,356
Other Expenses$79,432
Total Fundraising Expense$568
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$85,628$1,618-$87,246
Payroll Taxes$7,948$162-$8,110
Other Expenses$14,951$8,092-$8,092
Depreciation Depletion$7,426--$7,426
All Other Expenses-$6,659-$6,659
Insurance-$2,951-$2,951
Fees for Services Accounting-$2,400-$2,400
Fees for Services Other$1,381--$1,381
Office Expenses$223-$568$791
Total Functional Expenses$139,734$34,486$568$174,788
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$3,891
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
Accrued Payroll Withholdings and Taxes$4,233
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
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
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, Line 11B: Form 990 Review Process

This form 990 was reviewed by the organization's president and executive director prior to filing.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The Executive Director's compensation is determined and reviewed by the Board of Directors.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Clark Memorial Library
EIN
05-6011438
Phone
4013646100
Address
PO BOX 190, CAROLINA, RI 02812

Signing Officer

Name
Robert Ornstein
Title
President
Signed
2015-11-05
Discuss with paid preparer
Yes

Organization Details

Formed
1995
Legal Domicile
Ri
Voting Board Members
7
Independent Board Members
7
Employees
7
Volunteers
10

Preparer

Firm
Markarian & Meehan Ltd CPAs
Address
336 Main Street, Wakefield, RI 02879
Preparer
Robert L Pasquazzi
Phone
4017891037
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IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt023111
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0331
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0336
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0FEES AND FINES
IRS990/ProgramServiceRevenueGrp/ExclusionAmt04244
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04244
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0156713
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt011370
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt070625
IRS990/PYOtherRevenueAmt07626
IRS990/PYProgramServiceRevenueAmt04595
IRS990/PYRevenuesLessExpensesAmt017139
IRS990/PYSalariesCompEmpBnftPaidAmt092540
IRS990/PYTotalExpensesAmt0163165
IRS990/PYTotalRevenueAmt0180304
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt08656
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt04244
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt026286
IRS990/SavingsAndTempCashInvstGrp/EOYAmt010784
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0167872
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0156713
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0155596
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0148834
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0174910
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0803925
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt07437
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt011370
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt010652
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt04453
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01707
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt035619
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt08135
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt012221
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt013511
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt011780
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt014505
IRS990ScheduleA/OtherIncome170Grp/TotalAmt060152
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.89360
IRS990ScheduleA/PublicSupportPY170Pct00.90320
IRS990ScheduleA/PublicSupportTotal170Amt0803925
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0167872
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0156713
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0155596
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0148834
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0174910
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0803925
IRS990ScheduleA/TotalSupportAmt0899696
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/DepreciationAmt0277071
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0277071
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt0324
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt023905
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt023111
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0934
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0464
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0318
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt021484
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt023905
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0888
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt03627
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0319
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt020224
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt021484
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0867
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02446
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0298
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt021507
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt020224
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0897
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-88
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0273
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt018457
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt021507
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0935
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt04258
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt06784
IRS990ScheduleD/EquipmentGrp/DepreciationAmt027862
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt034646
IRS990ScheduleD/LandGrp/BookValueAmt06912
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt06912
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt085687
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt049225
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0134912
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt023111
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt14293
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CLARK MEM LIBRARY ENDOW FUND - RI FOUNDA
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1INTEREST RECEIVABLE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt08583
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt053153
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt061736
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04233
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED PAYROLL WITHHOLDINGS AND TAXES
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0107966
IRS990ScheduleD/TotalBookValueOtherAssetsAmt027404
IRS990ScheduleD/TotalLiabilityAmt04233
IRS990/ScheduleJRequiredInd0false

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.$5.84$0.07$5.77$2.41$1.87$0.54
2023Detailed filing. Detailed filing data is available for this year.$5.49$0.03$5.45$1.88$1.97$0.09
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.46$0.05$5.41$1.92$1.91$0.02
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.86$0.05$5.81$1.80$1.69$0.12
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.08$0.04$5.04$2.20$1.74$0.46
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.11$0.04$5.07$1.88$1.78$0.09
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.91$0.04$4.88$1.78$1.80$0.02
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.86$0.04$4.82$1.83$1.72$0.10
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.54$0.03$4.51$1.70$1.62$0.08
2015Detailed filing. Detailed filing data is available for this year.$4.56$0.06$4.49$1.83$1.75$0.09
2014Detailed filing. Detailed filing data is available for this year.$4.54$0.05$4.48$1.80$1.63$0.17
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.20$0.05$4.15$1.80$1.63$0.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.94$0.06$3.88$1.59
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.89$0.05$3.84$1.60