Civic Intelligence

Watertown Library Association

990 • Fiscal year 2021 • EIN 06-0646955

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 09, 2021

470 Main StreetWatertown, CT 06795

(860) 945-5360

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

23rd percentile

-1.2%

Higher net margin than 23% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

65th percentile

$89,803

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 10.8% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

30th percentile

1.0%

Faster asset growth than 30% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

37th percentile

2.8%

Faster revenue growth than 37% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$2,016,660

Up $19,667 (+1.0%) from 2020

Net Assets

Up

$2,016,660

Up $19,667 (+1.0%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue

Up

$834,819

Up $22,977 (+2.8%) from 2020

Expenses

Up

$845,152

Up $2,371 (+0.3%) from 2020

Net Income

Up

-$10,333

Up $20,606 (+67%) from 2020

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,640,237Liabilities 2011: $24,746Net Assets 2011: $1,615,4912011Assets 2012: $1,622,903Liabilities 2012: $0Net Assets 2012: $1,622,9032012Assets 2013: $1,605,491Liabilities 2013: $0Net Assets 2013: $1,605,4912013Assets 2014: $1,665,259Liabilities 2014: $80,841Net Assets 2014: $1,584,4182014Assets 2015: $1,640,341Liabilities 2015: $57,743Net Assets 2015: $1,582,5982015Assets 2016: $1,600,122Liabilities 2016: $34,646Net Assets 2016: $1,565,4762016Assets 2017: $1,574,518Liabilities 2017: $11,549Net Assets 2017: $1,562,9692017Assets 2018: $1,944,180Liabilities 2018: $0Net Assets 2018: $1,944,1802018Assets 2019: $2,027,932Liabilities 2019: $0Net Assets 2019: $2,027,9322019Assets 2020: $1,996,993Liabilities 2020: $0Net Assets 2020: $1,996,9932020Assets 2021: $2,016,660Liabilities 2021: $0Net Assets 2021: $2,016,6602021Assets 2022: $2,020,423Liabilities 2022: $0Net Assets 2022: $2,020,4232022Assets 2023: $2,080,549Liabilities 2023: $0Net Assets 2023: $2,080,5492023Assets 2024: $2,130,508Liabilities 2024: $0Net Assets 2024: $2,130,5082024Assets 2025: $2,095,877Liabilities 2025: $0Net Assets 2025: $2,095,8772025

Highlighted filing

2021

Assets$2,016,660
Liabilities$0
Net Assets$2,016,660

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $791,136Expenses 2011: $795,993Net Income 2011: -$4,8572011Revenue 2012: $788,340Expenses 2012: $805,674Net Income 2012: -$17,3342012Revenue 2013: $795,010Expenses 2013: $812,422Net Income 2013: -$17,4122013Revenue 2014: $788,083Expenses 2014: $809,156Net Income 2014: -$21,0732014Revenue 2015: $794,998Expenses 2015: $796,818Net Income 2015: -$1,8202015Revenue 2016: $793,726Expenses 2016: $810,848Net Income 2016: -$17,1222016Revenue 2017: $817,572Expenses 2017: $820,079Net Income 2017: -$2,5072017Revenue 2018: $1,187,522Expenses 2018: $806,311Net Income 2018: $381,2112018Revenue 2019: $889,437Expenses 2019: $805,685Net Income 2019: $83,7522019Revenue 2020: $811,842Expenses 2020: $842,781Net Income 2020: -$30,9392020Revenue 2021: $834,819Expenses 2021: $845,152Net Income 2021: -$10,3332021Revenue 2022: $850,842Expenses 2022: $847,079Net Income 2022: $3,7632022Revenue 2023: $927,397Expenses 2023: $867,272Net Income 2023: $60,1252023Revenue 2024: $964,279Expenses 2024: $914,321Net Income 2024: $49,9582024Revenue 2025: $898,457Expenses 2025: $933,089Net Income 2025: -$34,6322025

Highlighted filing

2021

Revenue$834,819
Expenses$845,152
Net Income-$10,333
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 9, 2021
Return Version
2020v4.1
Gross Receipts
$834,819
Mission and Program Overview

Mission

Operation of a public free library

To promote intellectual improvement and social culture; and to establish and maintain a library for residents and taxpayers of the town of watertown, connecticut.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,510,973$1,484,253▼ $26,720
Investments in Publicly Traded Securities$290,248$304,138▲ $13,890
Cash and Non-Interest-Bearing Accounts$195,572$228,069▲ $32,497
Total Assets$1,996,993$2,016,660▲ $19,667
Other Assets Total$200$200→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,919,210$1,934,321▲ $15,111
Net Assets With Donor Restrictions$77,783$82,339▲ $4,556
Total Net Assets Fund Balance$1,996,993$2,016,660▲ $19,667
Total Liabilities and Net Assets / Fund Balance$1,996,993$2,016,660▲ $19,667

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,716,029-$2,716,029
Equipment$-1,269,276$1,999,145$729,869
Land$37,500-$37,500

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$239,829-▲ $6,959-$246,788
2019$284,914-▼ $45,085-$239,829
2018$538,286$101,350--$284,914
2017$325,339$263,500▲ $104,532-$538,286
2016$318,081-▲ $7,283$25$325,339
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joan RintelmanDirectorFT$84,720$5,083$89,803

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$820,151
Program Service Revenue
$681
Investment Income
$13,987
Other Revenue
$0
All Other Contributions
$820,151
Change in Net Assets
$-10,333
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$430,733
Other Expenses$414,419
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$86,531$160,700-$247,231
Occupancy-$183,432-$183,432
Current Officers, Directors, Trustees, and Key Employees$29,652$55,068-$84,720
Depreciation Depletion$59,935--$59,935
Other Employee Benefits$25,668$31,372-$57,040
Payroll Taxes$12,228$14,945-$27,173
Pension Plan Contributions$6,556$8,013-$14,569
Other Expenses$6,685$743-$7,428
Advertising$4,450--$4,450
Office Expenses$2,360--$2,360
All Other Expenses$1,899--$1,899
Total Functional Expenses$364,608$480,544$0$845,152
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
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
Yes
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, Section B, Line 11B

Copy of the 990 is provided for review before filing to the governing board members

Form 990, Part VI, Section B, Line 15

Review conducted on an annual basis by the board of directors of theassociationreview conducted on an annual basis by the board of directors of theassociation. Officers receive no compensation.

Form 990, Part VI, Section C, Line 19

The organiztion makes it's form 990 available to the public by request

Form 990, Part VII Contact Addresses for Officers, Directors, Etc

Joan rintelman - 470 main street, watertown, ct 06795.

Filing and Contact Details

Filer

Filer Name
Watertown Library Association
EIN
06-0646955
Phone
8609455360
Address
470 MAIN STREET, WATERTOWN, CT 06795

Signing Officer

Name
Jeffrey Grenier
Title
V President
Phone
8609455360
Signed
2021-11-09
Discuss with paid preparer
Yes

Organization Details

Formed
1865
Legal Domicile
Ct
Voting Board Members
11
Independent Board Members
11
Employees
15
Volunteers
0

Preparer

Firm
Edwards Ingram LLC
Address
1044 MAIN ST SUITE 12, WATERTOWN, CT 06795
Preparer
Lori Bonaldi
Phone
2038916433
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0681
IRS990/ProgSrvcAccomActyOtherGrp/Desc0FREE PUBLIC LIBRARY
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0795420
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt013137
IRS990/PYOtherExpensesAmt0357521
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt03285
IRS990/PYRevenuesLessExpensesAmt0-30939
IRS990/PYSalariesCompEmpBnftPaidAmt0485260
IRS990/PYTotalExpensesAmt0842781
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0811842
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-10333
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0864819
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0820151
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0795420
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0784351
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01069562
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0799224
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04268708
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt013987
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt013137
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt017125
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt016438
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt012880
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt073567
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt014188
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98310
IRS990ScheduleA/PublicSupportPY170Pct00.98300
IRS990ScheduleA/PublicSupportTotal170Amt04268708
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0820151
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0795420
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0784351
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01069562
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0799224
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04268708
IRS990ScheduleA/TotalSupportAmt04342275
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02716029
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02716029
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0239829
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0246788
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt06959
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0284914
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0239829
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-45085
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0538286
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0101350
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0284914
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0325339
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0263500
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0538286
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0104532
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0318081
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0325339
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt07283
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt025
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0-1269276
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01999145
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0729869
IRS990ScheduleD/LandGrp/BookValueAmt037500
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt037500
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01484253
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0COPY OF THE 990 IS PROVIDED FOR REVIEW BEFORE FILING TO THE GOVERNING BOARD MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1REVIEW CONDUCTED ON AN ANNUAL BASIS BY THE BOARD OF DIRECTORS OF THEASSOCIATIONREVIEW CONDUCTED ON AN ANNUAL BASIS BY THE BOARD OF DIRECTORS OF THEASSOCIATION. OFFICERS RECEIVE NO COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZTION MAKES IT'S FORM 990 AVAILABLE TO THE PUBLIC BY REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3JOAN RINTELMAN - 470 MAIN STREET, WATERTOWN, CT 06795.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VII CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CT
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01996993
IRS990/TotalAssetsEOYAmt02016660
IRS990/TotalAssetsGrp/BOYAmt01996993
IRS990/TotalAssetsGrp/EOYAmt02016660
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0820151
IRS990/TotalEmployeeCnt015
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0480544
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0364608
IRS990/TotalFunctionalExpensesGrp/TotalAmt0845152
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01996993
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02016660
IRS990/TotalOtherCompensationAmt05083
IRS990/TotalProgramServiceExpensesAmt0364608
IRS990/TotalProgramServiceRevenueAmt0681
IRS990/TotalReportableCompFromOrgAmt084720
IRS990/TotalRevenueGrp/ExclusionAmt013987
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0681
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0834819
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01996993
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02016660
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0WWW.WATERTOWNLIBRARY.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.10$0.00$2.10$0.90$0.93$0.03
2024Detailed filing. Detailed filing data is available for this year.$2.13$0.00$2.13$0.96$0.91$0.05
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.08$0.00$2.08$0.93$0.87$0.06
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.02$0.00$2.02$0.85$0.85$0.00
2021Detailed filing. Detailed filing data is available for this year.$2.02$0.00$2.02$0.83$0.85$0.01
2020Summary only. Only limited summary data is available for this year.$2.00$0.00$2.00$0.81$0.84$0.03
2019Summary only. Only limited summary data is available for this year.$2.03$0.00$2.03$0.89$0.81$0.08
2018Summary only. Only limited summary data is available for this year.$1.94$0.00$1.94$1.19$0.81$0.38
2017Summary only. Only limited summary data is available for this year.$1.57$0.01$1.56$0.82$0.82$0.00
2016Summary only. Only limited summary data is available for this year.$1.60$0.03$1.57$0.79$0.81$0.02
2015Summary only. Only limited summary data is available for this year.$1.64$0.06$1.58$0.79$0.80$0.00
2014Summary only. Only limited summary data is available for this year.$1.67$0.08$1.58$0.79$0.81$0.02
2013Summary only. Only limited summary data is available for this year.$1.61$0.00$1.61$0.80$0.81$0.02
2012Summary only. Only limited summary data is available for this year.$1.62$0.00$1.62$0.79$0.81$0.02
2011Summary only. Only limited summary data is available for this year.$1.64$0.02$1.62$0.79$0.80$0.00