Civic Intelligence

The Torrington Library

990 • Fiscal year 2020 • EIN 06-0669622

Jan 01, 2020 to Dec 31, 2020 • Filed on Jul 02, 2021

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.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

11th percentile

0.04x

Higher debt load relative to revenue than 11% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Net Margin

6th percentile

-49%

Higher net margin than 6% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

10th percentile

$63,511

Higher top officer pay than 10% of similar nonprofits.

Top officer pay equals 8.0% of source-year revenue.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Asset Growth

35th percentile

2.4%

Faster asset growth than 35% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

10th percentile

-36%

Faster revenue growth than 10% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets5th percentile

Assets

Up

$34,676,374

Up $796,920 (+2.4%) from 2019

Net Assets

Up

$34,645,016

Up $802,169 (+2.4%) from 2019

Liabilities

Down

$31,358

Down $5,249 (-14%) from 2019

Revenue And Expenses
Liabilities / Revenue11th percentileNet Margin6th percentile

Revenue

Down

$797,308

Down $450,067 (-36%) from 2019

Expenses

Up

$1,188,966

Up $98,996 (+9.1%) from 2019

Net Income

Down

-$391,658

Down $549,063 (-349%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth35th 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

2020

Assets$34,676,374
Liabilities$31,358
Net Assets$34,645,016
Open 2020 Filing

Operations Trend

Revenue Growth10th 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

2020

Revenue$797,308
Expenses$1,188,966
Net Income-$391,658
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jul 2, 2021
Return Version
2020v4.0
Gross Receipts
$6,328,012
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$27,431,169$28,490,391▲ $1,059,222
Land, Buildings, and Equipment, Net$6,180,696$5,991,521▼ $189,175
Cash and Non-Interest-Bearing Accounts$190,015$153,607▼ $36,408
Pledges and Grants Receivable$64,082$33,379▼ $30,703
Prepaid Expenses and Deferred Charges$13,492$7,476▼ $6,016
Total Assets$33,879,454$34,676,374▲ $796,920
Liabilities
Accounts Payable and Accrued Expenses$36,607$31,358▼ $5,249
Total Liabilities$36,607$31,358▼ $5,249
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$28,880,224$29,251,872▲ $371,648
Net Assets With Donor Restrictions$4,962,623$5,393,144▲ $430,521
Total Net Assets Fund Balance$33,842,847$34,645,016▲ $802,169
Total Liabilities and Net Assets / Fund Balance$33,879,454$34,676,374▲ $796,920

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,752,340$798,618$6,550,958
Equipment$239,181$288,171$527,352
Other Securities$28,490,391--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$27,500,323$116,216▲ $1,773,556$747,349$28,527,822
2019$24,227,978$30,303▲ $3,972,028$617,668$27,500,323
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
Compensation and Service Providers
Top Officer Pay10th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jessica GueniatExecutive DiFT$63,511$63,511

Board Members and Trustees

NameTitle
Charles W RorabackPresident
Judith a AddazioTrustee
Lindsay a RaymondTrustee
Marana Polly BrooksTrustee
Susan R CarrollTrustee
Charles E RorabackSecretary
Lesa VanottiTreasurer
Steven M TemkinVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$790,886
Program Service Revenue
$6,426
Investment Income
$-6,322
Other Revenue
$6,318
All Other Contributions
$765,491
Change in Net Assets
$-391,658

Audited Revenue Reconciliation

Revenue per Audited Statements
$682,384
Revenue Not Reported on Financial Statements
$114,924
Revenue Not Reported on Form 990
$1,193,827
Total Revenue per Audited Statements
$1,876,211
Total Revenue per Form 990
$797,308
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$646,505
Salaries, Compensation, and Employee Benefits$542,461
Total Fundraising Expense$23,026
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$387,079$11,036$5,236$403,351
Depreciation Depletion$199,906$12,095-$212,001
Fees for Service Investment Mgmnt Fees-$114,924-$114,924
Occupancy$104,627$4,814-$109,441
Current Officers, Directors, Trustees, and Key Employees$38,107$19,053$6,351$63,511
Payroll Taxes$35,729$2,528$974$39,231
Other Employee Benefits$30,412$4,300$1,656$36,368
Insurance$26,359$5,786-$32,145
Other Expenses$15,621$2,448$1,250$15,621
All Other Expenses$15,144--$15,144
Fees for Services Accounting-$14,855-$14,855
Advertising$3,144$766$5,699$9,609
Office Expenses$2,441$985$1,860$5,286
Fees for Services Other$4,460--$4,460
Total Functional Expenses$969,595$196,345$23,026$1,188,966

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,188,966
Expenses per Audited Statements$1,074,042
Total Expenses per Audited Statements$1,074,042
Expenses Not Reported on Financial Statements$114,924
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$375
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 FeesNo$114,924
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 35% controlled entity
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, Page 6, Part VI, Line 2

“Charles w. Roraback charles e. Roraback president secretary father & son”

Form 990, Page 6, Part VI, Line 6

“The library has between 15 and 25 corporators.”

Form 990, Page 6, Part VI, Line 7A

“Corporators of the library elect the trustees.”

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

“The library's board president, vice president, and treasurer review the form 990. Once reviewed, the library's board president signs and files the form 990.”

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

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

Form 990, Page 6, Part VI, 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
2021-07-02

Organization Details

Principal Officer
Charles W Roraback
Formed
1899
Legal Domicile
Ct
Voting Board Members
8
Independent Board Members
8
Employees
20
Volunteers
50

Preparer

Firm
CHARLES HEAVEN & CO CPA'S
Address
207 BANK ST, WATERBURY, CT 06702
Preparer
Erica Melaragno CPA
Phone
2037534101
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

“Circulating library the torrington library operates as a public library, providing print books, periodicals, dvds, cds, audiobooks, museum passes, video games, mobile hot spots, electronic resources/databases, ematerials, and public access computers for public use. The library physically houses over 62,000 print books, 1,000 audiobooks, 2,500 dvds, 200 cds, 50 museum passes, and 2 mobile hotspots. Electronically, patrons have access to over two dozen reference databases, 10,000 ebooks, 1,200 eaudiobooks, 500 evideos, and 60 emagazines, all available from our website. All services are free of charage and available to any torrington residents. Most services are also available to non-resisdents within connecticut. In 2020, we saw 30,000 visits and clost to 48,000 items borrowed.”

Form 990, Page 12, Part XII, Line 2C

“The torrington library has a committee that assumes responsibility for oversight of the audit and selection of an independent accountant.”

Financial Statement Notes

Schedule D, Page 1, Part III, Line 1A

“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 capitalized its previously held collections, it has decided to capitalize new acquisitons on a prosepctive basis.”

Schedule D, Page 2, 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.”

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IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0ENGAGING ALL MEMBERS OF OUR COMMUNITY BY PROVIDING EQUAL ACCESS TO BOOKS, ELECTRONIC RESOURCES, PROGRAMS, AND PARTNERSHIPS TO ENRICH AND EMPOWER LIVES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
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IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0375
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IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0845
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IRS990/OccupancyGrp/TotalAmt0109441
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IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0985
IRS990/OfficeExpensesGrp/ProgramServicesAmt02441
IRS990/OfficeExpensesGrp/TotalAmt05286
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04300
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt030412
IRS990/OtherEmployeeBenefitsGrp/TotalAmt036368
IRS990/OtherExpensesGrp/Desc0OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc1BOOKS, PERIODICALS, ETC.
IRS990/OtherExpensesGrp/Desc2TELEPHONE & ONLINE SERV.
IRS990/OtherExpensesGrp/Desc3PUBLIC PROGRAM
IRS990/OtherExpensesGrp/FundraisingAmt01250
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02755
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12448
IRS990/OtherExpensesGrp/ProgramServicesAmt051101
IRS990/OtherExpensesGrp/ProgramServicesAmt135509
IRS990/OtherExpensesGrp/ProgramServicesAmt219956
IRS990/OtherExpensesGrp/ProgramServicesAmt315621
IRS990/OtherExpensesGrp/TotalAmt053856
IRS990/OtherExpensesGrp/TotalAmt135509
IRS990/OtherExpensesGrp/TotalAmt223654
IRS990/OtherExpensesGrp/TotalAmt315621
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt05098
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt05098
IRS990/OtherRevenueTotalAmt05098
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt05236
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt011036
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0387079
IRS990/OtherSalariesAndWagesGrp/TotalAmt0403351
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0974
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02528
IRS990/PayrollTaxesGrp/ProgramServicesAmt035729
IRS990/PayrollTaxesGrp/TotalAmt039231
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt064082
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt033379
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt013492
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07476
IRS990/PrincipalOfficerNm0CHARLES W RORABACK
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0LIBRARY RECEIPTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt06426
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06426
IRS990/ProgSrvcAccomActy2Grp/Desc0PROGRAMMING AND COMMUNITY OUTREACH THE TORRINGTON LIBRARY HOSTED 300 PUBLIC EVENTS IN 2020 FOR ALL DEMOGRAPHICS. SAMPLE PROGRAMS FOR ADULTS INCLUDE MUSICAL PRESENTERS, LECTURERS, AUTHORS TALKS, HISTORICAL CHARACTER POTRAYALS, FILM SHOWINGS, AND CRAFT NIGHTS. PROGRAMS FOR CHILDREN AND TEENS INCLUDED STORY TIMES, CRAFT NIGHTS, BOOK CLUBS, INFORMATIONAL LECTURES, FILM SHOWINGS, HOMESCHOOLING CLUBS, ART PROGRAMS, AND MORE. IN 2020, PROGRAM ATTENDANCE REACHED OVER 20,660. THE LIBRARY ALSO CONDUCTS OFF-SITE OUTREACH.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0290879
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/ExpenseAmt096959
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0680540
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0526365
IRS990/PYOtherExpensesAmt0582175
IRS990/PYOtherRevenueAmt026076
IRS990/PYProgramServiceRevenueAmt014394
IRS990/PYRevenuesLessExpensesAmt0157405
IRS990/PYSalariesCompEmpBnftPaidAmt0507795
IRS990/PYTotalExpensesAmt01089970
IRS990/PYTotalRevenueAmt01247375
IRS990/ReconcilationRevenueExpnssAmt0-391658
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0845
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt012369
IRS990ScheduleA/FactsAndCircumstancesTestTxt0THE TORRINGTON LIBRARY MEETS THE "FACTS AND CICUMSTANCES" TEST BECAUSE IT MAINTIANS A CONTINUOUS AND BONA FIDE PROGRAM FOR SOLICITATION OF FUNDS FOR 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 PRVODING A FACILITY AND LIBRARY SERVICES, AS WELL AS, NUMEROUS PROGRAMS DIRECTLY FOR THE BENEFIT OF THE GENERAL PUBLIC ON A CONTINUING BASIS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 44,856
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE TORRINGTON LIBRARY MEETS THE "FACTS AND CICUMSTANCES" TEST BECAUSE IT MAINTIANS A CONTINUOUS AND BONA FIDE PROGRAM FOR SOLICITATION OF FUNDS FOR 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 PRVODING 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, LINE 10
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART II, LINE 17A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0790886
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0680540
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0712247
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01421625
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0596649
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04201947
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0228058
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0228846
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0210091
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0172225
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0181598
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01020818
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt012369
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0375
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt028039
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt09964
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt04611
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt01867
IRS990ScheduleA/OtherIncome170Grp/TotalAmt044856
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.31920
IRS990ScheduleA/PublicSupportPY170Pct00.32380
IRS990ScheduleA/PublicSupportTotal170Amt01681672
IRS990ScheduleA/SubstantialContributorsTotAmt02520275
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0790886
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0680540
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0712247
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01421625
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0596649
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04201947
IRS990ScheduleA/TotalSupportAmt05267621
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/BoardDesignatedBalanceEOYPct00.81100
IRS990ScheduleD/BuildingsGrp/BookValueAmt05752340
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0798618
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06550958
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
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IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt027500323
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0116216
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IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt01773556
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0747349
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0112318
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt030303
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt027500323
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt03972028
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0617668
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0110555
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0264618
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt024227978
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-318514
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0863266
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0105921
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt022748561
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0857605
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt025255695
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IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt01316417
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt022748561
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02764234
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt04015492
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0288171
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0527352
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0114924
IRS990ScheduleD/ExpensesSubtotalAmt01074042
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt0114924
IRS990ScheduleD/InvestmentExpensesNotIncldAmt0114924
IRS990ScheduleD/NetUnrealizedGainsInvstAmt01193827
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt028490391
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INVESTMENTS- OTHER SECURITIES
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.18790
IRS990ScheduleD/RevenueNotReportedAmt01193827
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0114924
IRS990ScheduleD/RevenueSubtotalAmt0682384
IRS990ScheduleD/SolicitedAssetsSaleInd0false
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE 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 CAPITALIZED ITS PREVIOUSLY HELD COLLECTIONS, IT HAS DECIDED TO CAPITALIZE NEW ACQUISITONS ON A PROSEPCTIVE BASIS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE 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/FormAndLineReferenceDesc0SCHEDULE D, PAGE 1, PART III, LINE 1A
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.00110
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05991521

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$34,676,374
Liabilities
$31,358
Net assets
$34,645,016
Revenue
$797,308
Expenses
$1,188,966
Net income
-$391,658
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
2020Detailed filing. Detailed filing data is available for this year.$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
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$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