Civic Intelligence

The Waterford Public Library Inc

990 • Fiscal year 2014 • EIN 06-0707059

Jul 01, 2013 to Jun 30, 2014 • Filed on Nov 01, 2014

Organization ProfileWWW.WATERFORDPUBLICLIBRARY.ORG
49 Rope Ferry RoadWaterford, CT 06385

(860) 444-5805

Siviq Scores

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

Liabilities / Assets

13th percentile

0.00x

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

13th percentile

0.00x

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

91st percentile

48%

Higher net margin than 91% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

74th percentile

12%

Faster asset growth than 74% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

76th percentile

22%

Faster revenue growth than 76% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets13th percentile

Assets

Up

$2,361,009

Up $255,659 (+12%) from 2013

Net Assets

Up

$2,361,009

Up $255,659 (+12%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue And Expenses
Liabilities / Revenue13th percentileNet Margin91st percentile

Revenue

Up

$259,862

Up $46,169 (+22%) from 2013

Expenses

Up

$135,819

Up $6,313 (+4.9%) from 2013

Net Income

Up

$124,043

Up $39,856 (+47%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth74th percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $1,968,139Liabilities 2011: $0Net Assets 2011: $1,968,1392011Assets 2012: $1,940,800Liabilities 2012: $0Net Assets 2012: $1,940,8002012Assets 2013: $2,105,350Liabilities 2013: $0Net Assets 2013: $2,105,3502013Assets 2014: $2,361,009Liabilities 2014: $0Net Assets 2014: $2,361,0092014Assets 2015: $2,383,168Liabilities 2015: $0Net Assets 2015: $2,383,1682015Assets 2016: $2,333,399Liabilities 2016: $0Net Assets 2016: $2,333,3992016Assets 2017: $2,620,716Liabilities 2017: $0Net Assets 2017: $2,620,7162017Assets 2018: $2,761,559Liabilities 2018: $0Net Assets 2018: $2,761,5592018Assets 2019: $2,843,878Liabilities 2019: $0Net Assets 2019: $2,843,8782019Assets 2020: $2,843,448Liabilities 2020: $0Net Assets 2020: $2,843,4482020Assets 2021: $3,576,189Liabilities 2021: $0Net Assets 2021: $3,576,1892021Assets 2022: $3,062,275Liabilities 2022: $0Net Assets 2022: $3,062,2752022Assets 2023: $3,359,265Liabilities 2023: $0Net Assets 2023: $3,359,2652023Assets 2024: $3,759,462Liabilities 2024: $0Net Assets 2024: $3,759,4622024Assets 2025: $4,065,613Liabilities 2025: $0Net Assets 2025: $4,065,6132025

Highlighted filing

2014

Assets$2,361,009
Liabilities$0
Net Assets$2,361,009
Open 2014 Filing

Operations Trend

Revenue Growth76th percentile

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

$300K$200K$100K$0-$100KExpenses 2011: $130,7472011Expenses 2012: $119,4882012Revenue 2013: $213,693Expenses 2013: $129,506Net Income 2013: $84,1872013Revenue 2014: $259,862Expenses 2014: $135,819Net Income 2014: $124,0432014Revenue 2015: $208,441Expenses 2015: $124,126Net Income 2015: $84,3152015Revenue 2016: $115,766Expenses 2016: $138,557Net Income 2016: -$22,7912016Revenue 2017: $222,574Expenses 2017: $146,827Net Income 2017: $75,7472017Revenue 2018: $172,064Expenses 2018: $133,771Net Income 2018: $38,2932018Revenue 2019: $222,629Expenses 2019: $152,280Net Income 2019: $70,3492019Revenue 2020: $177,735Expenses 2020: $135,093Net Income 2020: $42,6422020Revenue 2021: $173,576Expenses 2021: $125,737Net Income 2021: $47,8392021Revenue 2022: $122,632Expenses 2022: $176,386Net Income 2022: -$53,7542022Revenue 2023: $177,227Expenses 2023: $190,772Net Income 2023: -$13,5452023Revenue 2024: $208,091Expenses 2024: $178,576Net Income 2024: $29,5152024Revenue 2025: $284,656Expenses 2025: $234,947Net Income 2025: $49,7092025

Highlighted filing

2014

Revenue$259,862
Expenses$135,819
Net Income$124,043
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Nov 1, 2014
Return Version
2013v3.1
Gross Receipts
$369,537
Mission and Program Overview

Mission

Operation of a public library in waterford ct

Operation of a public library in waterford, ct

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,046,141$2,300,693▲ $254,552
Savings and Temporary Cash Investments$3,500$4,001▲ $501
Cash and Non-Interest-Bearing Accounts$109$715▲ $606
Total Assets$2,105,350$2,361,009▲ $255,659
Other Assets Total$55,600$55,600→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$2,105,350$2,361,009▲ $255,659
Total Net Assets Fund Balance$2,105,350$2,361,009▲ $255,659
Total Liabilities and Net Assets / Fund Balance$2,105,350$2,361,009▲ $255,659

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$2,046,141$42,028▲ $284,774$72,249$2,300,694
2012$1,879,196$28,029▲ $205,888$66,972$2,046,141
2011$1,907,524$34,643▲ $2,351$65,322$1,879,196
2010$1,644,350$36,533▲ $295,209$68,568$1,907,524
2009$1,485,106$37,149▲ $192,951$70,856$1,644,350
Compensation and Service Providers
Top Officer Pay34th percentile

Board Members and Trustees

NameTitle
Grant RitterPresident
Aaron RosenbergTrustee
Anne CattanachTrustee
Clifford GrandjeanTrustee
Constance GiordanoTrustee
Cynthia LawrenceTrustee
Daniel E BendorTrustee
Kathleen a McnamaraTrustee
Lee CoutureSecretary
Bernard PisacichTreasurer
Stephen NegriVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$81,875
Program Service Revenue
$14,771
Investment Income
$161,948
Other Revenue
$1,268
All Other Contributions
$56,499
Change in Net Assets
$124,043

Audited Revenue Reconciliation

Revenue per Audited Statements
$259,862
Revenue Not Reported on Form 990
$131,616
Total Revenue per Audited Statements
$391,478
Total Revenue per Form 990
$259,862
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$135,819
Total Fundraising Expense$2,280
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$7,317-$2,280$9,597
Other Expenses$7,926$8,663-$7,926
Occupancy$4,112--$4,112
Fees for Services Accounting-$3,750-$3,750
Conferences and Meetings$839--$839
Insurance-$255-$255
Total Functional Expenses$120,871$12,668$2,280$135,819

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$135,819
Total Expenses per Audited Statements$135,819
Total Expenses per Form 990$135,819
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$1,268
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
Annual disclosure for covered persons
No
Audit committee
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 11B

“A draft of the 990 was provided to the treasurer and executive director for review prior to filing with the irs.”

Form 990, Page 6, Part VI, Line 19

“Governing documents of the organization including the by-laws, conflict of interest statement, and financial statements are made available upon request.”

Filing and Contact Details

Filer

EIN
06-0707059
Phone
8604445805

Signing Officer

Name
Bernard Pisacich
Title
Treasurer
Phone
8604445805
Signed
2014-11-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bernard Pisacich
Formed
1923
Legal Domicile
Ct
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
100

Preparer

Preparer
Paul R Filippetti
Phone
8605369685
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

“The waterford public library has approximately 100 volunteers who donate approximately 800 hours of time to the library.”

Financial Statement Notes

Schedule D, Page 3, Part X

“Part x - fin 48 footnote the organization did not recognize any liability for uncertain tax positions as defined by accounting principles generally accepted in the united states of america.”

Schedule D, Page 4, Part XIII

“Part iii, line 4 - collections and relation to exempt purpose as of july 1, 2005, the organization capitalized its art collection retroactively in conformity with accounting principles generally accepted in the united states of america. The art collection items acquired prior to july 1, 2005 were appraised and they were determine to have a value of 55,000. Subsequent to july 1, 2005, art collection items acquired by the organization will be recorded at fair market value if donated, and at cost if purchased. Part v, line 4 - intended uses for endowment funds the board or trusteed has designated a portion of its unrestricted assets to function as an endowment whereby the principal is preserved and invested and the earnings thereon are available to support the organization's operations”

Raw XML Appendix389 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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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02300694
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0284774
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01879196
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0205888
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt066972
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01907524
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt034643
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02351
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt065322
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01644350
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt036533
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01907524
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0295209
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt068568
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt037149
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IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
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IRS990ScheduleD/RevenueNotReportedAmt0131616
IRS990ScheduleD/RevenueSubtotalAmt0259862
IRS990ScheduleD/SolicitedAssetsSaleInd0false
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PART X - FIN 48 FOOTNOTE THE ORGANIZATION DID NOT RECOGNIZE ANY LIABILITY FOR UNCERTAIN TAX POSITIONS AS DEFINED BY ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1PART III, LINE 4 - COLLECTIONS AND RELATION TO EXEMPT PURPOSE AS OF JULY 1, 2005, THE ORGANIZATION CAPITALIZED ITS ART COLLECTION RETROACTIVELY IN CONFORMITY WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. THE ART COLLECTION ITEMS ACQUIRED PRIOR TO JULY 1, 2005 WERE APPRAISED AND THEY WERE DETERMINE TO HAVE A VALUE OF 55,000. SUBSEQUENT TO JULY 1, 2005, ART COLLECTION ITEMS ACQUIRED BY THE ORGANIZATION WILL BE RECORDED AT FAIR MARKET VALUE IF DONATED, AND AT COST IF PURCHASED. PART V, LINE 4 - INTENDED USES FOR ENDOWMENT FUNDS THE BOARD OR TRUSTEED HAS DESIGNATED A PORTION OF ITS UNRESTRICTED ASSETS TO FUNCTION AS AN ENDOWMENT WHEREBY THE PRINCIPAL IS PRESERVED AND INVESTED AND THE EARNINGS THEREON ARE AVAILABLE TO SUPPORT THE ORGANIZATION'S OPERATIONS
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XIII
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IRS990ScheduleD/TotalRevenuePerForm990Amt0259862
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0391478
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0135819
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE WATERFORD PUBLIC LIBRARY HAS APPROXIMATELY 100 VOLUNTEERS WHO DONATE APPROXIMATELY 800 HOURS OF TIME TO THE LIBRARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A DRAFT OF THE 990 WAS PROVIDED TO THE TREASURER AND EXECUTIVE DIRECTOR FOR REVIEW PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS OF THE ORGANIZATION INCLUDING THE BY-LAWS, CONFLICT OF INTEREST STATEMENT, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0true
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/BOYAmt02105350
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IRS990/TotalContributionsAmt081875
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt012668
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0120871
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IRS990/TotalLiabilitiesEOYAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt00
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IRS990/TotalProgramServiceExpensesAmt0120871
IRS990/TotalProgramServiceRevenueAmt014771
IRS990/TotalRevenueGrp/ExclusionAmt0161948
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt014771
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0259862
IRS990/TotalVolunteersCnt0100
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02105350
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02361009
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02105350
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02361009
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10SAME AS ABOVE
IRS990/USAddress/City0WATERFORD
IRS990/USAddress/State0CT
IRS990/USAddress/ZIPCode006385
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0WWW.WATERFORDPUBLICLIBRARY.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BERNARD PISACICH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08604445805
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-11-01
ReturnHeader/Filer/BusinessName/BusinessNameLine10THE WATERFORD PUBLIC LIBRARY INC
ReturnHeader/Filer/BusinessNameControlTxt0WATE
ReturnHeader/Filer/EIN0060707059
ReturnHeader/Filer/PhoneNum08604445805
ReturnHeader/Filer/USAddress/AddressLine1049 ROPE FERRY ROAD
ReturnHeader/Filer/USAddress/City0WATERFORD
ReturnHeader/Filer/USAddress/State0CT
ReturnHeader/Filer/USAddress/ZIPCode006385
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0201696994
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10HOYT FILIPPETTI & MALAGHAN LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine101041 POQUONNOCK RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0GROTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode0063404211
ReturnHeader/PreparerPersonGrp/PhoneNum08605369685
ReturnHeader/PreparerPersonGrp/PreparationDt02014-11-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PAUL R FILIPPETTI
ReturnHeader/ReturnTs02014-11-06T13:13:21-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-07-01
ReturnHeader/TaxPeriodEndDt02014-06-30
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,361,009
Liabilities
$0
Net assets
$2,361,009
Revenue
$259,862
Expenses
$135,819
Net income
$124,043
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.07$0.00$4.07$0.28$0.23$0.05
2024Detailed filing. Detailed filing data is available for this year.$3.76$0.00$3.76$0.21$0.18$0.03
2023Detailed filing. Detailed filing data is available for this year.$3.36$0.00$3.36$0.18$0.19$0.01
2022Detailed filing. Detailed filing data is available for this year.$3.06$0.00$3.06$0.12$0.18$0.05
2021Detailed filing. Detailed filing data is available for this year.$3.58$0.00$3.58$0.17$0.13$0.05
2020Detailed filing. Detailed filing data is available for this year.$2.84$0.00$2.84$0.18$0.14$0.04
2019Detailed filing. Detailed filing data is available for this year.$2.84$0.00$2.84$0.22$0.15$0.07
2018Detailed filing. Detailed filing data is available for this year.$2.76$0.00$2.76$0.17$0.13$0.04
2017Detailed filing. Detailed filing data is available for this year.$2.62$0.00$2.62$0.22$0.15$0.08
2016Detailed filing. Detailed filing data is available for this year.$2.33$0.00$2.33$0.12$0.14$0.02
2015Detailed filing. Detailed filing data is available for this year.$2.38$0.00$2.38$0.21$0.12$0.08
2014Detailed filing. Detailed filing data is available for this year.$2.36$0.00$2.36$0.26$0.14$0.12
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.11$0.00$2.11$0.21$0.13$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.94$0.00$1.94$0.12
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.97$0.00$1.97$0.13
Peer Organizations

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