Civic Intelligence

Otis Library

EIN 06-0669124 • 501(c)3 • Norwich, CT

Profile

PUBLIC LIBRARY

261 Main StreetNorwich, CT 06360

www.otislibrarynorwich.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

15th percentile

0.01x

Higher debt load relative to assets than 15% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

20th percentile

0.05x

Higher debt load relative to revenue than 20% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Net Margin

59th percentile

8.8%

Higher net margin than 59% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

34th percentile

0.5%

Faster asset growth than 34% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Revenue Growth

79th percentile

30%

Faster revenue growth than 79% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Assets

Up

$11,917,686

Up $54,642 (+0.5%) from 2024

Liabilities

Up

$106,209

Up $21,131 (+25%) from 2024

Net Assets

Up

$11,811,477

Up $33,511 (+0.3%) from 2024

Revenue

Up

$2,073,689

Up $474,351 (+30%) from 2024

Expenses

Up

$1,890,687

Up $77,960 (+4.3%) from 2024

Net Income

Up

$183,002

Up $396,391 (+186%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2011: $11,034,151Liabilities 2011: $1,312,538Net Assets 2011: $9,721,6132011Assets 2012: $10,602,941Liabilities 2012: $1,304,345Net Assets 2012: $9,298,5962012Assets 2013: $10,312,194Liabilities 2013: $1,263,008Net Assets 2013: $9,049,1862013Assets 2014: $10,221,217Liabilities 2014: $1,218,278Net Assets 2014: $9,002,9392014Assets 2015: $12,974,065Liabilities 2015: $1,156,747Net Assets 2015: $11,817,3182015Assets 2016: $11,939,869Liabilities 2016: $138,147Net Assets 2016: $11,801,7222016Assets 2017: $12,220,319Liabilities 2017: $124,455Net Assets 2017: $12,095,8642017Assets 2018: $11,960,393Liabilities 2018: $105,329Net Assets 2018: $11,855,0642018Assets 2019: $11,706,197Liabilities 2019: $60,452Net Assets 2019: $11,645,7452019Assets 2020: $11,632,150Liabilities 2020: $68,138Net Assets 2020: $11,564,0122020Assets 2021: $12,269,638Liabilities 2021: $72,622Net Assets 2021: $12,197,0162021Assets 2022: $11,685,396Liabilities 2022: $113,804Net Assets 2022: $11,571,5922022Assets 2023: $11,564,936Liabilities 2023: $83,519Net Assets 2023: $11,481,4172023Assets 2024: $11,863,044Liabilities 2024: $85,078Net Assets 2024: $11,777,9662024Assets 2025: $11,917,686Liabilities 2025: $106,209Net Assets 2025: $11,811,4772025

Highlighted filing

2025

Assets$11,917,686
Liabilities$106,209
Net Assets$11,811,477

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $1,206,907Expenses 2011: $1,578,629Net Income 2011: -$371,7222011Revenue 2012: $1,164,163Expenses 2012: $1,664,975Net Income 2012: -$500,8122012Revenue 2013: $1,283,835Expenses 2013: $1,673,665Net Income 2013: -$389,8302013Revenue 2014: $1,348,351Expenses 2014: $1,580,621Net Income 2014: -$232,2702014Revenue 2015: $4,311,619Expenses 2015: $1,456,663Net Income 2015: $2,854,9562015Revenue 2016: $1,448,566Expenses 2016: $1,500,057Net Income 2016: -$51,4912016Revenue 2017: $1,668,997Expenses 2017: $1,527,800Net Income 2017: $141,1972017Revenue 2018: $1,991,140Expenses 2018: $1,579,508Net Income 2018: $411,6322018Revenue 2019: $1,148,295Expenses 2019: $1,540,376Net Income 2019: -$392,0812019Revenue 2020: $1,238,996Expenses 2020: $1,443,463Net Income 2020: -$204,4672020Revenue 2021: $1,741,210Expenses 2021: $1,554,274Net Income 2021: $186,9362021Revenue 2022: $1,541,355Expenses 2022: $1,602,690Net Income 2022: -$61,3352022Revenue 2023: $1,675,764Expenses 2023: $1,735,621Net Income 2023: -$59,8572023Revenue 2024: $1,599,338Expenses 2024: $1,812,727Net Income 2024: -$213,3892024Revenue 2025: $2,073,689Expenses 2025: $1,890,687Net Income 2025: $183,0022025

Highlighted filing

2025

Revenue$2,073,689
Expenses$1,890,687
Net Income$183,002

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$11.9$0.11$11.8$2.07$1.89$0.18
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.9$0.09$11.8$1.60$1.81$0.21
2023Detailed filing. Detailed filing data is available for this year.$11.6$0.08$11.5$1.68$1.74$0.06
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.7$0.11$11.6$1.54$1.60$0.06
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.3$0.07$12.2$1.74$1.55$0.19
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.6$0.07$11.6$1.24$1.44$0.20
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.7$0.06$11.6$1.15$1.54$0.39
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.0$0.11$11.9$1.99$1.58$0.41
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.2$0.12$12.1$1.67$1.53$0.14
2016Detailed filing. Detailed filing data is available for this year.$11.9$0.14$11.8$1.45$1.50$0.05
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.0$1.16$11.8$4.31$1.46$2.85
2014Detailed filing. Detailed filing data is available for this year.$10.2$1.22$9.00$1.35$1.58$0.23
2013Summary only. Only limited summary data is available for this year.$10.3$1.26$9.05$1.28$1.67$0.39
2012Summary only. Only limited summary data is available for this year.$10.6$1.30$9.30$1.16$1.66$0.50
2011Summary only. Only limited summary data is available for this year.$11.0$1.31$9.72$1.21$1.58$0.37
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Feb 12, 2025
Return Version
2024v5.0
Gross Receipts
$4,808,658
Mission and Program Overview

Mission

PUBLIC LIBRARY

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,890,049$6,276,092▲ $386,043
Land, Buildings, and Equipment, Net$5,370,121$5,135,689▼ $234,432
Savings and Temporary Cash Investments$272,538$300,483▲ $27,945
Cash and Non-Interest-Bearing Accounts$165,434$197,217▲ $31,783
Prepaid Expenses and Deferred Charges$4,370$8,205▲ $3,835
Total Assets$11,702,512$11,917,686▲ $215,174
Liabilities
Other Liabilities$87,336$93,603▲ $6,267
Accounts Payable and Accrued Expenses$9,332$12,606▲ $3,274
Total Liabilities$96,668$106,209▲ $9,541
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,794,093$9,976,826▲ $182,733
Net Assets With Donor Restrictions$1,811,751$1,834,651▲ $22,900
Total Net Assets Fund Balance$11,605,844$11,811,477▲ $205,633
Total Liabilities and Net Assets / Fund Balance$11,702,512$11,917,686▲ $215,174

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,044,291$4,136,746$9,181,037
Equipment$16,398$819,806$836,204
Land$75,000-$75,000

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$1,811,751$38,735-$15,835$1,834,651
2023$1,838,774$21,524-$48,547$1,811,751
2022$1,810,094$64,971-$36,291$1,838,774
2021$1,808,911$18,631-$17,447$1,810,094
2020$1,671,269$194,420-$56,778$1,808,911
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Cathleen SpecialExecutive DiFT$92,597$92,597

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,469,591
Program Service Revenue
$24,038
Investment Income
$579,941
Other Revenue
$119
All Other Contributions
$160,383
Change in Net Assets
$183,002

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,049,391
Revenue Not Reported on Financial Statements
$24,298
Revenue Not Reported on Form 990
$22,631
Other Revenue Adjustments
$24,298
Total Revenue per Audited Statements
$2,072,022
Total Revenue per Form 990
$2,073,689
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,266,658
Other Expenses$624,029
Total Fundraising Expense$92,932
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$810,307$81,288$58,646$950,241
Depreciation Depletion$234,430--$234,430
Other Employee Benefits$108,397$23,261$7,845$139,503
All Other Expenses$64,877$13,962$21,699$100,538
Current Officers, Directors, Trustees, and Key Employees-$92,597-$92,597
Payroll Taxes$65,516$14,059$4,742$84,317
Occupancy$68,246--$68,246
Other Expenses$17,909$6,371-$24,280
Fees for Services Other-$20,449-$20,449
Travel$11,261--$11,261
Total Functional Expenses$1,521,470$276,285$92,932$1,890,687

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,890,687
Expenses per Audited Statements$1,866,389
Total Expenses per Audited Statements$1,866,389
Expenses Not Reported on Financial Statements$24,298
Other Expense Adjustments$24,298
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Expenses$93,603
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

A review of the form 990 was performed by the finance committee prior to their acceptance of the return.

Form 990, Page 6, Part VI, Line 12C

The conflicts of interest policy includes directors, officers, board members, employees, and volunteers. Determinations on whether a conflict of interest exists are made and reviewed at the board level. A person who is determined to have a conflict of interest shall not participate in or be permitted to hear the boards discussion of the matter except to disclose material facts and to respond to questions.

Form 990, Page 6, Part VI, Line 15A

The compensation process for the director is reviewed and approved by the executive and personnel committees.

Form 990, Page 6, Part VI, Line 15B

Compensation for key employees are determined by the director based upon an annual raise guideline provided by the executive and personnel committees.

Form 990, Page 6, Part VI, Line 19

Documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Otis Library
EIN
06-0669124
Phone
8608892365
Address
261 MAIN STREET, NORWICH, CT 06360

Signing Officer

Name
Cathleen Special
Title
Executive Director
Phone
8608892365
Signed
2025-02-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cathleen Special
Formed
1853
Legal Domicile
Ct
Voting Board Members
12
Independent Board Members
12
Employees
34

Preparer

Firm
Halloran & Associates LLC
Address
349 MITCHELL STREET, GROTON, CT 06340
Preparer
Charles J Halloran CPA
Phone
8604058195
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Gaap req to net invmt expense with invmt income -24,298 gaap req to net invmt expense with invmt income 24,298

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Temporarily restricted funds are available for capital purchases and books. Permanently restricted funds are solely to provide endowment for the library. The earnings of the permanently restricted funds may be used for operations.

Schedule D, Page 3, Part X

The library is exempt from income taxes under section 501(c)(3) of the internal revenue code as such, the library is exempt from state and federal income taxes on income related to its tax-exempt purpose. Accounting principles generally accepted in the united states of america require management to evalute tax positions taken and recognize a tax liability (or asset) if the organization has taken an uncertain position that more likely than not would not be sustained upon examination by taxing authorities. Management has analyzed the tax positions taken and has concluded that as of june 30, 2025, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The library is subject to routine audits by taxing jurisdictions, however, there are currently no audits for any tax positions in progress. Management believes the library is no longer subject to income tax examinations for the years prior to 2022.

Schedule D, Page 4, Part XI, Line 4B

Gaap req to net invmt expense with invmt income 24,298

Schedule D, Page 4, Part XII, Line 4B

Gaap req to net invmt expense with invmt income 24,298

Raw XML AppendixShowing 400 of 497 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TEMPORARILY RESTRICTED FUNDS ARE AVAILABLE FOR CAPITAL PURCHASES AND BOOKS. PERMANENTLY RESTRICTED FUNDS ARE SOLELY TO PROVIDE ENDOWMENT FOR THE LIBRARY. THE EARNINGS OF THE PERMANENTLY RESTRICTED FUNDS MAY BE USED FOR OPERATIONS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE LIBRARY IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AS SUCH, THE LIBRARY IS EXEMPT FROM STATE AND FEDERAL INCOME TAXES ON INCOME RELATED TO ITS TAX-EXEMPT PURPOSE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUTE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN AND HAS CONCLUDED THAT AS OF JUNE 30, 2025, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE LIBRARY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS, HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX POSITIONS IN PROGRESS. MANAGEMENT BELIEVES THE LIBRARY IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR THE YEARS PRIOR TO 2022.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2GAAP REQ TO NET INVMT EXPENSE WITH INVMT INCOME 24,298
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3GAAP REQ TO NET INVMT EXPENSE WITH INVMT INCOME 24,298
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XI, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3SCHEDULE D, PAGE 4, PART XII, LINE 4B
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