Civic Intelligence

Clark Memorial Library

990 • Fiscal year 2017 • EIN 05-6011438

Jul 01, 2016 to Jun 30, 2017 • Filed on May 15, 2018

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

61st percentile

0.01x

Higher debt load relative to assets than 61% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

69th percentile

0.02x

Higher debt load relative to revenue than 69% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

55th percentile

5.7%

Higher net margin than 55% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

88th percentile

$34,242

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 18.8% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

58th percentile

6.9%

Faster asset growth than 58% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

59th percentile

7.1%

Faster revenue growth than 59% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$485,937

Up $31,484 (+6.9%) from 2016

Net Assets

Up

$482,372

Up $31,215 (+6.9%) from 2016

Liabilities

Up

$3,565

Up $269 (+8.2%) from 2016

Revenue

Up

$182,615

Up $12,139 (+7.1%) from 2016

Expenses

Up

$172,219

Up $10,077 (+6.2%) from 2016

Net Income

Up

$10,396

Up $2,062 (+25%) from 2016

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

2017

Assets$485,937
Liabilities$3,565
Net Assets$482,372

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

2017

Revenue$182,615
Expenses$172,219
Net Income$10,396
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 15, 2018
Return Version
2016v3.0
Gross Receipts
$235,177
Mission and Program Overview

Mission

Library Services

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$278,600$297,652▲ $19,052
Land, Buildings, and Equipment, Net$108,224$105,980▼ $2,244
Cash and Non-Interest-Bearing Accounts$41,949$39,703▼ $2,246
Savings and Temporary Cash Investments$43$15,011▲ $14,968
Prepaid Expenses and Deferred Charges$210$195▼ $15
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$454,453$485,937▲ $31,484
Other Assets Total$25,427$27,396▲ $1,969
Liabilities
Accounts Payable and Accrued Expenses$2,176$2,258▲ $82
Other Liabilities$1,120$1,307▲ $187
Total Liabilities$3,296$3,565▲ $269
Net Assets / Fund Balance
Unrestricted Net Assets$429,690$459,083▲ $29,393
Permanently Rstr Net Assets$21,418$23,248▲ $1,830
Temporarily Rstr Net Assets$49$41▼ $8
Total Net Assets Fund Balance$451,157$482,372▲ $31,215
Total Liabilities and Net Assets / Fund Balance$454,453$485,937▲ $31,484

Asset Categories

AssetBook ValueDepreciationBasis
Buildings-$277,071$277,071
Leasehold Improvements$84,289$55,196$139,485
Other Land Buildings$2,663$48,249$50,912
Equipment$12,116$19,311$31,427
Land$6,912-$6,912
Other Assets Org$3,730--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$21,418-▲ $3,120-$23,248
2015$23,111-▼ $402-$21,419
2014$23,905-▲ $464-$23,111
2013$21,484-▲ $3,627-$23,905
2012$20,224-▲ $2,446-$21,484
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lynn ThompsonDirectorPT$34,242$34,242

Board Members and Trustees

NameTitle
Anthony GomezPresident
Jane RathbunTrustee
Justin MatthewsTrustee
Nancy HaleyTrustee
Heidi QuinnSecretary
Dana HabershawTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$167,156
Program Service Revenue
$5,961
Investment Income
$6,505
Other Revenue
$2,993
All Other Contributions
$42,888
Change in Net Assets
$10,396
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$96,006
Other Expenses$76,213
Total Fundraising Expense$916
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$52,498$1,071-$53,569
Current Officers, Directors, Trustees, and Key Employees$33,888$692-$34,580
Payroll Taxes$7,700$157-$7,857
Depreciation Depletion$7,635--$7,635
Other Expenses$13,384$6,592-$6,592
Fees for Service Investment Mgmnt Fees-$3,636-$3,636
Fees for Services Accounting-$2,600-$2,600
Insurance-$2,402-$2,402
Office Expenses$946-$916$1,862
Fees for Services Other$1,550$32-$1,582
Total Functional Expenses$140,478$30,825$916$172,219
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$2,993
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$1,307
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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 organizations'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
Anthony Gomez
Title
President
Signed
2018-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Anthony Gomez
Formed
1995
Legal Domicile
Ri
Voting Board Members
6
Independent Board Members
6
Employees
8
Volunteers
2

Preparer

Firm
Sheri L Major CPA Inc
Address
1171 Main Street Suite E, Wyoming, RI 02898
Preparer
Sheri L Major CPA
Phone
4015391099
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IRS990/ProgramServiceRevenueGrp/Desc0Community Room
IRS990/ProgramServiceRevenueGrp/Desc1Fines and Fees
IRS990/ProgramServiceRevenueGrp/ExclusionAmt0779
IRS990/ProgramServiceRevenueGrp/ExclusionAmt15182
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0779
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt15182
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0154396
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt07783
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt068210
IRS990/PYOtherRevenueAmt03999
IRS990/PYProgramServiceRevenueAmt04298
IRS990/PYRevenuesLessExpensesAmt08334
IRS990/PYSalariesCompEmpBnftPaidAmt093932
IRS990/PYTotalExpensesAmt0162142
IRS990/PYTotalRevenueAmt0170476
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt010396
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt05961
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt043
IRS990/SavingsAndTempCashInvstGrp/EOYAmt015011
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0167156
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0154396
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0167872
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0156713
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0155596
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0801733
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt04802
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt07784
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt07437
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt011370
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt010652
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt042045
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt08954
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt08297
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt08135
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt012221
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt013511
IRS990ScheduleA/OtherIncome170Grp/TotalAmt051118
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.89590
IRS990ScheduleA/PublicSupportPY170Pct00.89120
IRS990ScheduleA/PublicSupportTotal170Amt0801733
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0167156
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0154396
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0167872
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0156713
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0155596
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0801733
IRS990ScheduleA/TotalSupportAmt0894896
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/AdministrativeExpensesAmt0307
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt021418
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt023248
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0983
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt03120
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0324
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt023111
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt021419
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0966
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-402
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0324
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt023905
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt023111
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0934
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0464
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0318
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt021484
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt023905
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0888
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt03627
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0319
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt020224
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt021484
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0867
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02446
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt012116
IRS990ScheduleD/EquipmentGrp/DepreciationAmt019311
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt031427
IRS990ScheduleD/LandGrp/BookValueAmt06912
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt06912
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt084289
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt055196
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0139485
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0418
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt123248
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt23730
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Accrued Interest Receiveable
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RI Foundation Endowment
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Trust Income Receivable
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02663
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt048249
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt050912
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01307
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Accrued Payroll
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0105980
IRS990ScheduleD/TotalBookValueOtherAssetsAmt027396
IRS990ScheduleD/TotalLiabilityAmt01307

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
2017Detailed filing. Detailed filing data is available for this year.$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