Civic Intelligence

Clark Memorial Library

990 • Fiscal year 2019 • EIN 05-6011438

Jul 01, 2018 to Jun 30, 2019 • Filed on May 14, 2020

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

39th percentile

0.01x

Higher debt load relative to assets than 39% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

47th percentile

0.02x

Higher debt load relative to revenue than 47% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

54th percentile

5.0%

Higher net margin than 54% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

60th percentile

$35,645

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 19.0% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

52nd percentile

4.0%

Faster asset growth than 52% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

53rd percentile

5.6%

Faster revenue growth than 53% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$510,826

Up $19,648 (+4.0%) from 2018

Net Assets

Up

$506,677

Up $19,132 (+3.9%) from 2018

Liabilities

Up

$4,149

Up $516 (+14%) from 2018

Revenue

Up

$187,554

Up $9,874 (+5.6%) from 2018

Expenses

Down

$178,090

Down $1,609 (-0.9%) from 2018

Net Income

Up

$9,464

Up $11,483 (+569%) from 2018

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

2019

Assets$510,826
Liabilities$4,149
Net Assets$506,677

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

2019

Revenue$187,554
Expenses$178,090
Net Income$9,464
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 14, 2020
Return Version
2018v3.1
Gross Receipts
$206,749
Mission and Program Overview

Mission

Library Services

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$272,981$284,211▲ $11,230
Land, Buildings, and Equipment, Net$146,432$135,950▼ $10,482
Cash and Non-Interest-Bearing Accounts$31,969$62,230▲ $30,261
Prepaid Expenses and Deferred Charges$183$188▲ $5
Savings and Temporary Cash Investments-$0-
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$491,178$510,826▲ $19,648
Other Assets Total$39,613$28,247▼ $11,366
Liabilities
Accounts Payable and Accrued Expenses$1,834$2,397▲ $563
Other Liabilities$1,799$1,752▼ $47
Total Liabilities$3,633$4,149▲ $516
Net Assets / Fund Balance
Unrestricted Net Assets$463,333$464,217▲ $884
Permanently Rstr Net Assets$24,212$24,145▼ $67
Temporarily Rstr Net Assets-$18,315-
Total Net Assets Fund Balance$487,545$506,677▲ $19,132
Total Liabilities and Net Assets / Fund Balance$491,178$510,826▲ $19,648

Asset Categories

AssetBook ValueDepreciationBasis
Buildings-$277,071$277,071
Leasehold Improvements$95,338$68,487$163,825
Other Land Buildings$2,493$49,850$52,343
Equipment$31,207$17,866$49,073
Land$6,912-$6,912
Other Assets Org$3,691--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$24,212-▲ $1,420-$24,299
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lynn ThompsonDirectorPT$35,645$35,645

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$169,971
Program Service Revenue
$3,970
Investment Income
$10,894
Other Revenue
$2,719
All Other Contributions
$45,059
Change in Net Assets
$9,464
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$99,929
Other Expenses$78,161
Total Fundraising Expense$757
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$54,915$1,121-$56,036
Current Officers, Directors, Trustees, and Key Employees$35,257$720-$35,977
Depreciation Depletion$12,713$259-$12,972
Other Expenses$10,372$8,821-$8,821
Payroll Taxes$7,758$158-$7,916
Fees for Service Investment Mgmnt Fees-$3,507-$3,507
Insurance-$2,386-$2,386
Fees for Services Other$1,736$35-$1,771
Office Expenses$394-$757$1,151
Fees for Services Accounting-$1,125-$1,125
Total Functional Expenses$145,037$32,296$757$178,090
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$2,719
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$1,752
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
2020-05-14
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/PermanentlyRstrNetAssetsGrp/BOYAmt024212
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt024145
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0183
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0188
IRS990/PrincipalOfficerNm0Anthony Gomez
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Community Room
IRS990/ProgramServiceRevenueGrp/Desc1Fines and Fees
IRS990/ProgramServiceRevenueGrp/ExclusionAmt0655
IRS990/ProgramServiceRevenueGrp/ExclusionAmt13315
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0655
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13315
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0152322
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt017466
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt080440
IRS990/PYOtherRevenueAmt03320
IRS990/PYProgramServiceRevenueAmt04572
IRS990/PYRevenuesLessExpensesAmt0-2019
IRS990/PYSalariesCompEmpBnftPaidAmt099259
IRS990/PYTotalExpensesAmt0179699
IRS990/PYTotalRevenueAmt0177680
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt09464
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt03970
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0140954
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0141552
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0167156
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0154396
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0167872
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0771930
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt010894
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt08304
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt04802
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt07784
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt07437
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt039221
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt06689
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt07892
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt08954
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt08297
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt08135
IRS990ScheduleA/OtherIncome170Grp/TotalAmt039967
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.90700
IRS990ScheduleA/PublicSupportPY170Pct00.90240
IRS990ScheduleA/PublicSupportTotal170Amt0771930
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0140954
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0141552
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0167156
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0154396
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0167872
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0771930
IRS990ScheduleA/TotalSupportAmt0851118
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/AdministrativeExpensesAmt0325
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt024212
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt024299
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt01008
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt01420
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0296
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt023248
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt024212
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0994
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02254
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0307
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt021418
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt023248
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0983
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt03120
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0324
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt023111
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt021419
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0966
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-402
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0324
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt023905
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt023111
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0934
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0464
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt031207
IRS990ScheduleD/EquipmentGrp/DepreciationAmt017866
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt049073
IRS990ScheduleD/LandGrp/BookValueAmt06912
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt06912
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt095338
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt068487
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0163825
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0411
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt124145
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt23691
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Accrued Interest Receiveable
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RI Foundation Endowment
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2State Grant in Aid
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3Trust Income Receivable
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02493
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt049850
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt052343

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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
2019Detailed filing. Detailed filing data is available for this year.$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