Civic Intelligence

Clark Memorial Library

990 • Fiscal year 2018 • EIN 05-6011438

Jul 01, 2017 to Jun 30, 2018 • Filed on May 14, 2019

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

62nd percentile

0.01x

Higher debt load relative to assets than 62% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

70th percentile

0.02x

Higher debt load relative to revenue than 70% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

38th percentile

-1.1%

Higher net margin than 38% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

88th percentile

$34,950

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 19.7% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

49th percentile

1.1%

Faster asset growth than 49% of similar nonprofits.

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

Revenue Growth

44th percentile

-2.7%

Faster revenue growth than 44% of similar nonprofits.

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

Assets

Up

$491,178

Up $5,241 (+1.1%) from 2017

Net Assets

Up

$487,545

Up $5,173 (+1.1%) from 2017

Liabilities

Up

$3,633

Up $68 (+1.9%) from 2017

Revenue

Down

$177,680

Down $4,935 (-2.7%) from 2017

Expenses

Up

$179,699

Up $7,480 (+4.3%) from 2017

Net Income

Down

-$2,019

Down $12,415 (-119%) from 2017

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

2018

Assets$491,178
Liabilities$3,633
Net Assets$487,545

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

2018

Revenue$177,680
Expenses$179,699
Net Income-$2,019
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 14, 2019
Return Version
2017v2.2
Gross Receipts
$219,121
Mission and Program Overview

Mission

Library Services

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$297,652$272,981▼ $24,671
Land, Buildings, and Equipment, Net$105,980$146,432▲ $40,452
Cash and Non-Interest-Bearing Accounts$39,703$31,969▼ $7,734
Savings and Temporary Cash Investments$15,011$0▼ $15,011
Prepaid Expenses and Deferred Charges$195$183▼ $12
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$485,937$491,178▲ $5,241
Other Assets Total$27,396$39,613▲ $12,217
Liabilities
Accounts Payable and Accrued Expenses$2,258$1,834▼ $424
Other Liabilities$1,307$1,799▲ $492
Total Liabilities$3,565$3,633▲ $68
Net Assets / Fund Balance
Unrestricted Net Assets$459,083$463,333▲ $4,250
Permanently Rstr Net Assets$23,248$24,212▲ $964
Temporarily Rstr Net Assets$41--
Total Net Assets Fund Balance$482,372$487,545▲ $5,173
Total Liabilities and Net Assets / Fund Balance$485,937$491,178▲ $5,241

Asset Categories

AssetBook ValueDepreciationBasis
Buildings-$277,071$277,071
Leasehold Improvements$102,774$61,051$163,825
Other Land Buildings$3,306$49,037$52,343
Equipment$33,440$13,143$46,583
Land$6,912-$6,912
Other Assets Org$4,230--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$23,248-▲ $2,254-$24,212
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lynn ThompsonDirectorPT$34,950$34,950

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$152,322
Program Service Revenue
$4,572
Investment Income
$17,466
Other Revenue
$3,320
All Other Contributions
$29,321
Change in Net Assets
$-2,019
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$99,259
Other Expenses$80,440
Total Fundraising Expense$1,153
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$55,014$1,123-$56,137
Current Officers, Directors, Trustees, and Key Employees$34,567$705-$35,272
Depreciation Depletion$9,191$188-$9,379
Payroll Taxes$7,693$157-$7,850
Other Expenses$15,883$7,418-$7,418
Fees for Service Investment Mgmnt Fees-$3,699-$3,699
Insurance-$3,378-$3,378
Fees for Services Other$1,661$34-$1,695
Office Expenses$440-$1,153$1,593
Fees for Services Accounting-$1,150-$1,150
Total Functional Expenses$146,642$31,904$1,153$179,699
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$3,320
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$1,799
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
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
2019-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Anthony Gomez
Formed
1995
Legal Domicile
Ri
Voting Board Members
7
Independent Board Members
7
Employees
8
Volunteers
1

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/PayrollTaxesGrp/TotalAmt07850
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt023248
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt024212
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0195
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0183
IRS990/PrincipalOfficerNm0Anthony Gomez
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Community Room
IRS990/ProgramServiceRevenueGrp/Desc1Fines and Fees
IRS990/ProgramServiceRevenueGrp/ExclusionAmt0592
IRS990/ProgramServiceRevenueGrp/ExclusionAmt13980
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0592
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13980
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0167156
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt06505
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt076213
IRS990/PYOtherRevenueAmt02993
IRS990/PYProgramServiceRevenueAmt05961
IRS990/PYRevenuesLessExpensesAmt010396
IRS990/PYSalariesCompEmpBnftPaidAmt096006
IRS990/PYTotalExpensesAmt0172219
IRS990/PYTotalRevenueAmt0182615
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-2019
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt04572
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt015011
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0141552
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0167156
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0154396
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0167872
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0156713
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0787689
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt08304
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt04802
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt07784
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt07437
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt011370
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt039697
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt07892
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt08954
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt08297
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt08135
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt012221
IRS990ScheduleA/OtherIncome170Grp/TotalAmt045499
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.90240
IRS990ScheduleA/PublicSupportPY170Pct00.89590
IRS990ScheduleA/PublicSupportTotal170Amt0787689
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0141552
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0167156
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0154396
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0167872
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0156713
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0787689
IRS990ScheduleA/TotalSupportAmt0872885
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0277071
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0277071
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt0296
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt023248
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt024212
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0994
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt02254
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0307
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt021418
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt023248
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0983
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt03120
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0324
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt023111
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt021419
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0966
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-402
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0324
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt023905
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt023111
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0934
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0464
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0318
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt021484
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt023905
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0888
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt03627
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt033440
IRS990ScheduleD/EquipmentGrp/DepreciationAmt013143
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt046583
IRS990ScheduleD/LandGrp/BookValueAmt06912
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt06912
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0102774
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt061051
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0163825
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0367
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt124212
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt210804
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt34230
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Accrued Interest Receiveable
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RI Foundation Endowment
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2State Grant in Aid
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3Trust Income Receivable
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03306
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt049037
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt052343
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01799
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Accrued Payroll
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0146432

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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
2018Detailed filing. Detailed filing data is available for this year.$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