Civic Intelligence

The Torrington Library

990 • Fiscal year 2018 • EIN 06-0669622

Jan 01, 2018 to Dec 31, 2018 • Filed on Jul 15, 2019

Organization Profilewww.torringtonlibrary.org
12 Daycoeton PlaceTorrington, CT 06790

(860) 489-6684

Siviq Scores

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

Liabilities / Assets

5th percentile

0.00x

Higher debt load relative to assets than 5% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

8th percentile

0.02x

Higher debt load relative to revenue than 8% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Net Margin

87th percentile

38%

Higher net margin than 87% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

7th percentile

$0

Higher top officer pay than 7% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Asset Growth

21st percentile

-3.7%

Faster asset growth than 21% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

7th percentile

-32%

Faster revenue growth than 7% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets5th percentile

Assets

Down

$30,853,256

Down $1,201,614 (-3.7%) from 2017

Net Assets

Down

$30,813,032

Down $1,195,626 (-3.7%) from 2017

Liabilities

Down

$40,224

Down $5,988 (-13%) from 2017

Revenue And Expenses
Liabilities / Revenue8th percentileNet Margin87th percentile

Revenue

Down

$1,723,765

Down $802,837 (-32%) from 2017

Expenses

Up

$1,063,840

Up $21,464 (+2.1%) from 2017

Net Income

Down

$659,925

Down $824,301 (-56%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth21st percentile

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

$60M$40M$20M$0Assets 2011: $21,047,752Liabilities 2011: $15,528Net Assets 2011: $21,032,2242011Assets 2012: $22,441,447Liabilities 2012: $41,545Net Assets 2012: $22,399,9022012Assets 2013: $26,276,844Liabilities 2013: $48,885Net Assets 2013: $26,227,9592013Assets 2014: $27,771,712Liabilities 2014: $32,997Net Assets 2014: $27,738,7152014Assets 2015: $27,418,118Liabilities 2015: $508,140Net Assets 2015: $26,909,9782015Assets 2016: $29,553,869Liabilities 2016: $501,043Net Assets 2016: $29,052,8262016Assets 2017: $32,054,870Liabilities 2017: $46,212Net Assets 2017: $32,008,6582017Assets 2018: $30,853,256Liabilities 2018: $40,224Net Assets 2018: $30,813,0322018Assets 2019: $33,879,454Liabilities 2019: $36,607Net Assets 2019: $33,842,8472019Assets 2020: $34,676,374Liabilities 2020: $31,358Net Assets 2020: $34,645,0162020Assets 2021: $38,965,104Liabilities 2021: $37,322Net Assets 2021: $38,927,7822021Assets 2022: $40,781,001Liabilities 2022: $40,528Net Assets 2022: $40,740,4732022Assets 2023: $40,433,302Liabilities 2023: $40,830Net Assets 2023: $40,392,4722023Assets 2024: $42,570,169Liabilities 2024: $52,783Net Assets 2024: $42,517,3862024

Highlighted filing

2018

Assets$30,853,256
Liabilities$40,224
Net Assets$30,813,032
Open 2018 Filing

Operations Trend

Revenue Growth7th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,310,189Expenses 2011: $755,957Net Income 2011: $554,2322011Revenue 2012: $1,635,545Expenses 2012: $778,285Net Income 2012: $857,2602012Revenue 2013: $1,708,131Expenses 2013: $800,992Net Income 2013: $907,1392013Revenue 2014: $1,929,206Expenses 2014: $841,805Net Income 2014: $1,087,4012014Revenue 2015: $2,774,006Expenses 2015: $837,413Net Income 2015: $1,936,5932015Revenue 2016: $1,733,840Expenses 2016: $770,614Net Income 2016: $963,2262016Revenue 2017: $2,526,602Expenses 2017: $1,042,376Net Income 2017: $1,484,2262017Revenue 2018: $1,723,765Expenses 2018: $1,063,840Net Income 2018: $659,9252018Revenue 2019: $1,247,375Expenses 2019: $1,089,970Net Income 2019: $157,4052019Revenue 2020: $797,308Expenses 2020: $1,188,966Net Income 2020: -$391,6582020Revenue 2021: $2,061,577Expenses 2021: $1,286,245Net Income 2021: $775,3322021Revenue 2022: $2,177,156Expenses 2022: $1,373,374Net Income 2022: $803,7822022Revenue 2023: $2,829,844Expenses 2023: $1,405,662Net Income 2023: $1,424,1822023Revenue 2024: $2,285,482Expenses 2024: $1,602,100Net Income 2024: $683,3822024

Highlighted filing

2018

Revenue$1,723,765
Expenses$1,063,840
Net Income$659,925
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jul 15, 2019
Return Version
2018v3.1
Gross Receipts
$4,418,898
Mission and Program Overview

Mission

Engaging all members of our community by providing equal access to books, electronic resources, programs, and partnerships to enrich and empower lives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$25,073,072$24,062,990▼ $1,010,082
Land, Buildings, and Equipment, Net$6,596,653$6,388,530▼ $208,123
Cash and Non-Interest-Bearing Accounts$206,835$259,151▲ $52,316
Pledges and Grants Receivable$170,127$135,962▼ $34,165
Prepaid Expenses and Deferred Charges$8,183$6,623▼ $1,560
Total Assets$32,054,870$30,853,256▼ $1,201,614
Liabilities
Accounts Payable and Accrued Expenses$46,212$40,224▼ $5,988
Total Liabilities$46,212$40,224▼ $5,988
Net Assets / Fund Balance
Unrestricted Net Assets$11,164,614$25,467,112▲ $14,302,498
Permanently Rstr Net Assets$4,769,624$5,323,043▲ $553,419
Temporarily Rstr Net Assets$16,074,420$22,877▼ $16,051,543
Total Net Assets Fund Balance$32,008,658$30,813,032▼ $1,195,626
Total Liabilities and Net Assets / Fund Balance$32,054,870$30,853,256▼ $1,201,614

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,078,220$472,738$6,550,958
Equipment$310,310$194,217$504,527
Other Securities$24,062,990--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$25,255,695$264,618▼ $318,514$863,266$24,227,978
2017$22,748,561$857,605▲ $3,071,867$1,316,417$25,255,695
2016$24,034,999$75,520▲ $2,764,234$4,015,492$22,748,561
2015$26,793,979$310,380▼ $379,085$2,565,179$24,034,999
2014$25,317,806-▲ $2,264,433$665,915$26,793,979
Compensation and Service Providers
Top Officer Pay7th percentile

Board Members and Trustees

NameTitle
Charles W RorabackPresident
Judith A AddazioVice President
Lesa VanottiTrustee
Lindsay A RaymondTrustee
Marana BrooksTrustee
Susan R CarrollTrustee
Charles E RorabackSecretary
Steven M TemkinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$712,247
Program Service Revenue
$14,797
Investment Income
$986,757
Other Revenue
$9,964
All Other Contributions
$686,746
Change in Net Assets
$659,925

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,616,502
Revenue Not Reported on Financial Statements
$107,263
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,616,502
Total Revenue per Form 990
$1,723,765
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$564,063
Salaries, Compensation, and Employee Benefits$499,777
Total Fundraising Expense$18,843
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$388,008$29,592$10,966$428,566
Depreciation Depletion$196,416$11,707-$208,123
Fees for Service Investment Mgmnt Fees-$107,263-$107,263
Occupancy$93,085$4,284-$97,369
Payroll Taxes$33,164$2,529$937$36,630
Other Employee Benefits$29,042$4,041$1,498$34,581
All Other Expenses$23,249--$23,249
Insurance$18,403$4,040-$22,443
Fees for Services Accounting-$22,150-$22,150
Advertising$5,107$410$2,808$8,325
Other Expenses$3,606$2,429$209$6,244
Office Expenses$2,169$636$1,124$3,929
Conferences and Meetings$695--$695
Total Functional Expenses$852,567$192,430$18,843$1,063,840

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,812,128
Expenses Not Reported on Form 990$1,855,551
Total Expenses per Form 990$1,063,840
Expenses per Audited Statements$956,577
Expenses Not Reported on Financial Statements$107,263
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$5,750
Fundraising Direct Expenses$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Common TrusteesTrust Fees. The Trust Department of the Torrington Savings Bank holds and invests the Library's investments The Trust Department charges fees for this service.No$107,263
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
No
Other officer compensation reviewed
No
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, Part VI, Section A, line 2

“Trustees, Charles W. Roraback and Charlies E. Roraback, are father and son.”

Form 990, Part VI, Section A, line 6

“The Library has between 15 and 25 corporators.”

Form 990, Part VI, Section A, line 7A

“Corporators of the Library elect the Trustees.”

Form 990, Part VI, Section B, line 11B

“The Library's Board President reviews, signs, and files the Form 990.”

Form 990, Part VI, Section B, line 12C

“A conflict of interest disclosure form is filed annually by all affected persons.”

Form 990, Part VI, Section C, line 19

“The Library's governing documents and financial statements are made available upon request.”

Filing and Contact Details

Filer

Filer Name
The Torrington Library
EIN
06-0669622
Phone
8604896684
Address
12 Daycoeton Place, Torrington, CT 06790

Signing Officer

Name
Charles W Roraback
Title
President
Phone
8604896684
Signed
2019-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charles W Roraback
Formed
1899
Legal Domicile
Ct
Voting Board Members
8
Independent Board Members
8
Employees
23
Volunteers
50

Preparer

Firm
Charles Heaven & Co
Address
207-231 Bank Street, Waterbury, CT 06702
Preparer
Charles W Heaven CPA
Phone
2037534101
Supplemental Narrative

Financial Statement Notes

Part V, Line 4:

“The income generated by the investment of the endowments is for the Library's general use, except for the earnings on a $103,500 permanent endowment which can only be used to purchase either books about antiques or reference books.”

Part XII, Line 2D - Other Adjustments:

“Net unrealized loss on investments”

Part III, Line 1A - Terms for Not Reporting Assets per SFAS 116

“The Library owns a collection of antique glass items, guns, and furniture, which were donated by various individuals. These items are held for public exhibition as opposed to investment purposes and much of the collection is on display at the Library. Each item is cataloged, preserved, and cared for. While the Library has not capitlized its previously held collections, it has decided to capitalize new acquisitions on a prospective basis.”

Raw XML AppendixShowing 400 of 513 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/PersonNm6Lindsay A Raymond
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IRS990/NetUnrlzdGainsLossesInvstAmt0-1855551
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt023030
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt04284
IRS990/OccupancyGrp/ProgramServicesAmt093085
IRS990/OccupancyGrp/TotalAmt097369
IRS990/OfficeExpensesGrp/FundraisingAmt01124
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0636
IRS990/OfficeExpensesGrp/ProgramServicesAmt02169
IRS990/OfficeExpensesGrp/TotalAmt03929
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01498
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04041
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt029042
IRS990/OtherEmployeeBenefitsGrp/TotalAmt034581
IRS990/OtherExpensesGrp/Desc0Books, Periodicals, Oth
IRS990/OtherExpensesGrp/Desc1Gifts & Special Program
IRS990/OtherExpensesGrp/Desc2Telephone & Online Serv
IRS990/OtherExpensesGrp/Desc3Miscellaneous Expense
IRS990/OtherExpensesGrp/FundraisingAmt01301
IRS990/OtherExpensesGrp/FundraisingAmt1209
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03349
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12429
IRS990/OtherExpensesGrp/ProgramServicesAmt034451
IRS990/OtherExpensesGrp/ProgramServicesAmt117118
IRS990/OtherExpensesGrp/ProgramServicesAmt28054
IRS990/OtherExpensesGrp/ProgramServicesAmt33606
IRS990/OtherExpensesGrp/TotalAmt034451
IRS990/OtherExpensesGrp/TotalAmt117118
IRS990/OtherExpensesGrp/TotalAmt212704
IRS990/OtherExpensesGrp/TotalAmt36244
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0776
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0776
IRS990/OtherRevenueTotalAmt0776
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt010966
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt029592
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0388008
IRS990/OtherSalariesAndWagesGrp/TotalAmt0428566
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0937
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02529
IRS990/PayrollTaxesGrp/ProgramServicesAmt033164
IRS990/PayrollTaxesGrp/TotalAmt036630
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt04769624
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt05323043
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0170127
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0135962
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08183
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06623
IRS990/PrincipalOfficerNm0Charles W Roraback
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0Library Receipts
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt014797
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt014797
IRS990/ProgSrvcAccomActy2Grp/Desc0Programming and Community Outreach The Torrington Library hosted 300 public events in 2018 for all demographics. Sample programs for adults include musical presenters, lecturers, authors talks, historical character portrayals, film showings, and craft nights. Programs for children and teens included story times, craft nights, books clubs, informational lectures, film showings, homeschooling clubs, art programs, and more. In 2018, program attendance reached 6,000. The library also conducts off-site outreach. Here is just a sampling of the ways the library reaches out to the Community: Every year the library visits over 20 classrooms in the Torrington School district through outreach efforts. Librarians read a story to the children, present them with the book to keep in their classrooms, and send home a packet of informing with a library card registration form. Later in the week, students visit the library for a tour and return their library card application forms. The Library also hosts an after school bus from the Middle School to the library every Monday during the school year. Students can work on projects, finish homework, or read while at the library. In addition, librarians frequently visit the schools to conduct specialized outreach events that are curriculum based. The library also has a Baby's First Library Card program with Litchfield County Pediatrics. All parents of newborns receive a packet of information about getting their child's first library card! In the packet is a coupon to exchange for the child's first library card upon visiting the library. Parents will also receive a free board book when they visit the library.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0255770
IRS990/ProgSrvcAccomActy3Grp/Desc0Community Meeting Space The Torrington Library has two meeting rooms available for rent to public. The Torrington Savings Bank Community Room seats 110 and the Meeting Room seats 14. Not-for-profit and for-profit organizations can rent the spaces to hold events and meetings. The Library also features two quiet study rooms, a reading room, a rotunda, and a Program Room where the public can gather and meet on a daily basis, free of charge. Organizations that have used the library for meeting and/or party space include Torrington/Winsted Rotary, the Torrington Club, United Way, The Torrington Historical Society, Prime Time House, MADD, and more.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt085257
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt03438
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01421625
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01085576
IRS990/PYOtherExpensesAmt0566677
IRS990/PYOtherRevenueAmt04611
IRS990/PYProgramServiceRevenueAmt014790
IRS990/PYRevenuesLessExpensesAmt01484226
IRS990/PYSalariesCompEmpBnftPaidAmt0475699
IRS990/PYTotalExpensesAmt01042376
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02526602
IRS990/ReconcilationRevenueExpnssAmt0659925
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt03438
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt015573
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0The Torrington Library meets the "facts and circumstances" test because it maintains a continuious and bona fide program for solicitation of funds from governmental units and other public charities, the general public, and the community. The Library has a governing board which represents the broad interests of the public. It is a public library, as defined by CT Statute Sec. 11-24A-2, and operates as such, by providing a facility and library services, as well as, numerous programs directly for the benefit of the general public on a continuing basis.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part II, Section C - 10% Facts and Circumstances Test
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0712247
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01421625
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0596649
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0857428
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0549827
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04137776
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0210091
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0172225
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0181598
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0227347
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0277578
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01068839
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt019011
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt09964
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt04611
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt01867
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt02890
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt03742
IRS990ScheduleA/OtherIncome170Grp/TotalAmt023074
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.33230
IRS990ScheduleA/PublicSupportPY170Pct00.28110
IRS990ScheduleA/PublicSupportTotal170Amt01737970
IRS990ScheduleA/SubstantialContributorsTotAmt02399806
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0712247
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01421625
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0596649
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0857428
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0549827
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04137776
IRS990ScheduleA/TotalSupportAmt05229689
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.77940
IRS990ScheduleD/BuildingsGrp/BookValueAmt06078220
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0472738
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06550958
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt0110555
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt025255695
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0264618
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt024227978
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-318514
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0863266
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0105921
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt022748561
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0857605
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt025255695
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt03071867
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt01316417
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0110700
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt024034999
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt075520
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt022748561
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02764234
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt04015492
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0125096
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt026793979
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0310380
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt024034999
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-379085
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt02565179
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0122345
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt025317806
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt026793979
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02264433
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0665915
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0310310
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0194217
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0504527
IRS990ScheduleD/ExpensesNotReportedAmt01855551
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0107263
IRS990ScheduleD/ExpensesSubtotalAmt0956577
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt0107263
IRS990ScheduleD/InvestmentExpensesNotIncldAmt0107263
IRS990ScheduleD/OtherExpensesIncludedAmt01855551
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt024062990
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Investments
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.21970
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0107263
IRS990ScheduleD/RevenueSubtotalAmt01616502
IRS990ScheduleD/SolicitedAssetsSaleInd00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The income generated by the investment of the endowments is for the Library's general use, except for the earnings on a $103,500 permanent endowment which can only be used to purchase either books about antiques or reference books.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Net unrealized loss on investments
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2The Library owns a collection of antique glass items, guns, and furniture, which were donated by various individuals. These items are held for public exhibition as opposed to investment purposes and much of the collection is on display at the Library. Each item is cataloged, preserved, and cared for. While the Library has not capitlized its previously held collections, it has decided to capitalize new acquisitions on a prospective basis.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part III, Line 1a - Terms for Not Reporting Assets per SFAS 116
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.00090
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06388530
IRS990ScheduleD/TotalBookValueSecuritiesAmt024062990
IRS990ScheduleD/TotalExpensesPerForm990Amt01063840
IRS990ScheduleD/TotalRevenuePerForm990Amt01723765

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$30,853,256
Liabilities
$40,224
Net assets
$30,813,032
Revenue
$1,723,765
Expenses
$1,063,840
Net income
$659,925
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$42.6$0.05$42.5$2.29$1.60$0.68
2023Detailed filing. Detailed filing data is available for this year.$40.4$0.04$40.4$2.83$1.41$1.42
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$40.8$0.04$40.7$2.18$1.37$0.80
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$39.0$0.04$38.9$2.06$1.29$0.78
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$34.7$0.03$34.6$0.80$1.19$0.39
2019Detailed filing. Detailed filing data is available for this year.$33.9$0.04$33.8$1.25$1.09$0.16
2018Detailed filing. Detailed filing data is available for this year.$30.9$0.04$30.8$1.72$1.06$0.66
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$32.1$0.05$32.0$2.53$1.04$1.48
2016Summary only. Only limited summary data is available for this year.$29.6$0.50$29.1$1.73$0.77$0.96
2015Summary only. Only limited summary data is available for this year.$27.4$0.51$26.9$2.77$0.84$1.94
2014Summary only. Only limited summary data is available for this year.$27.8$0.03$27.7$1.93$0.84$1.09
2013Summary only. Only limited summary data is available for this year.$26.3$0.05$26.2$1.71$0.80$0.91
2012Summary only. Only limited summary data is available for this year.$22.4$0.04$22.4$1.64$0.78$0.86
2011Summary only. Only limited summary data is available for this year.$21.0$0.02$21.0$1.31$0.76$0.55