Civic Intelligence

Essex Library Association Inc

EIN 06-0720076 • 501(c)3 • Essex, CT

Profile

Operation of a free public library and serve as a community center for lifelong learning. This mission embraces learning in its many forms, from traditional educational materials and programs to cultural enrichment and civic engagement.

33 West AvenueEssex, CT 06426

www.essexlib.org

Siviq Scores

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

Liabilities / Assets

16th percentile

0.00x

Higher debt load relative to assets than 16% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

23rd percentile

0.03x

Higher debt load relative to revenue than 23% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Net Margin

75th percentile

22%

Higher net margin than 75% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

33rd percentile

$86,750

Higher top officer pay than 33% of similar nonprofits.

Top officer pay equals 9.6% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Asset Growth

58th percentile

6.9%

Faster asset growth than 58% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

12th percentile

-25%

Faster revenue growth than 12% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Assets

Up

$7,131,634

Up $459,411 (+6.9%) from 2024

Liabilities

Up

$28,556

Up $27,837 (+3872%) from 2024

Net Assets

Up

$7,103,078

Up $431,574 (+6.5%) from 2024

Revenue

Down

$900,797

Down $295,762 (-25%) from 2024

Expenses

Up

$699,151

Up $25,154 (+3.7%) from 2024

Net Income

Down

$201,646

Down $320,916 (-61%) from 2024

Trend Graphs

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $6,200,878Liabilities 2011: $1,907,423Net Assets 2011: $4,293,4552011Assets 2012: $5,979,374Liabilities 2012: $1,885,348Net Assets 2012: $4,094,0262012Assets 2013: $6,397,657Liabilities 2013: $1,859,552Net Assets 2013: $4,538,1052013Assets 2014: $6,850,509Liabilities 2014: $1,835,826Net Assets 2014: $5,014,6832014Assets 2015: $6,051,856Liabilities 2015: $999,726Net Assets 2015: $5,052,1302015Assets 2016: $5,726,938Liabilities 2016: $967,833Net Assets 2016: $4,759,1052016Assets 2017: $4,890,414Liabilities 2017: $830Net Assets 2017: $4,889,5842017Assets 2018: $4,977,051Liabilities 2018: $14,289Net Assets 2018: $4,962,7622018Assets 2019: $5,046,197Liabilities 2019: $10,336Net Assets 2019: $5,035,8612019Assets 2020: $5,050,705Liabilities 2020: $68,414Net Assets 2020: $4,982,2912020Assets 2021: $5,893,207Liabilities 2021: $3,715Net Assets 2021: $5,889,4922021Assets 2022: $5,310,772Liabilities 2022: $3,546Net Assets 2022: $5,307,2262022Assets 2023: $5,642,515Liabilities 2023: $3,960Net Assets 2023: $5,638,5552023Assets 2024: $6,672,223Liabilities 2024: $719Net Assets 2024: $6,671,5042024Assets 2025: $7,131,634Liabilities 2025: $28,556Net Assets 2025: $7,103,0782025

Highlighted filing

2025

Assets$7,131,634
Liabilities$28,556
Net Assets$7,103,078

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $860,830Expenses 2011: $612,068Net Income 2011: $248,7622011Revenue 2012: $646,552Expenses 2012: $606,397Net Income 2012: $40,1552012Revenue 2013: $693,027Expenses 2013: $601,975Net Income 2013: $91,0522013Revenue 2014: $914,746Expenses 2014: $656,779Net Income 2014: $257,9672014Revenue 2015: $1,018,764Expenses 2015: $678,989Net Income 2015: $339,7752015Revenue 2016: $557,776Expenses 2016: $638,238Net Income 2016: -$80,4622016Revenue 2017: $674,474Expenses 2017: $639,879Net Income 2017: $34,5952017Revenue 2018: $655,525Expenses 2018: $588,423Net Income 2018: $67,1022018Revenue 2019: $710,484Expenses 2019: $607,673Net Income 2019: $102,8112019Revenue 2020: $469,354Expenses 2020: $596,326Net Income 2020: -$126,9722020Revenue 2021: $694,030Expenses 2021: $587,937Net Income 2021: $106,0932021Revenue 2022: $680,019Expenses 2022: $645,656Net Income 2022: $34,3632022Revenue 2023: $683,776Expenses 2023: $561,952Net Income 2023: $121,8242023Revenue 2024: $1,196,559Expenses 2024: $673,997Net Income 2024: $522,5622024Revenue 2025: $900,797Expenses 2025: $699,151Net Income 2025: $201,6462025

Highlighted filing

2025

Revenue$900,797
Expenses$699,151
Net Income$201,646

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.13$0.03$7.10$0.90$0.70$0.20
2024Detailed filing. Detailed filing data is available for this year.$6.67$0.00$6.67$1.20$0.67$0.52
2023Detailed filing. Detailed filing data is available for this year.$5.64$0.00$5.64$0.68$0.56$0.12
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.31$0.00$5.31$0.68$0.65$0.03
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.89$0.00$5.89$0.69$0.59$0.11
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.05$0.07$4.98$0.47$0.60$0.13
2019Detailed filing. Detailed filing data is available for this year.$5.05$0.01$5.04$0.71$0.61$0.10
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.98$0.01$4.96$0.66$0.59$0.07
2017Detailed filing. Detailed filing data is available for this year.$4.89$0.00$4.89$0.67$0.64$0.03
2016Detailed filing. Detailed filing data is available for this year.$5.73$0.97$4.76$0.56$0.64$0.08
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.05$1.00$5.05$1.02$0.68$0.34
2014Summary only. Only limited summary data is available for this year.$6.85$1.84$5.01$0.91$0.66$0.26
2013Summary only. Only limited summary data is available for this year.$6.40$1.86$4.54$0.69$0.60$0.09
2012Summary only. Only limited summary data is available for this year.$5.98$1.89$4.09$0.65$0.61$0.04
2011Summary only. Only limited summary data is available for this year.$6.20$1.91$4.29$0.86$0.61$0.25
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Oct 24, 2025
Return Version
2024v5.2
Gross Receipts
$1,564,193
Mission and Program Overview

Mission

Operation of a free public library and serve as a community center for lifelong learning. This mission embraces learning in its many forms, from traditional educational materials and programs to cultural enrichment and civic engagement.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,022,394$5,486,410▲ $464,016
Land, Buildings, and Equipment, Net$1,617,718$1,554,780▼ $62,938
Cash and Non-Interest-Bearing Accounts$32,061$61,890▲ $29,829
Savings and Temporary Cash Investments$50$0▼ $50
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$6,672,223$7,131,634▲ $459,411
Other Assets Total-$28,554-
Liabilities
Other Liabilities-$28,556-
Accounts Payable and Accrued Expenses$719--
Total Liabilities$719$28,556▲ $27,837
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,671,504$7,103,078▲ $431,574
Total Net Assets Fund Balance$6,671,504$7,103,078▲ $431,574
Total Liabilities and Net Assets / Fund Balance$6,672,223$7,131,634▲ $459,411

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,326,533$1,440,324$2,766,857
Other Land Buildings$2$407,176$407,178
Land$220,231-$220,231
Leasehold Improvements$8,014$44,583$52,597

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$4,797,668$19,473▲ $495,566$50,000$5,238,007
2023$3,780,409$475,513▲ $625,728$63,637$4,797,668
2022$3,384,401$35,000▲ $381,410-$3,780,409
2021$3,823,448$20,000▼ $389,731$50,000$3,384,401
2020$2,957,247$241,035▲ $711,918$71,035$3,823,448
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Ann ThompsonExecutive DirectorFT$86,750$86,750

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$610,325
Program Service Revenue
$0
Investment Income
$290,472
Other Revenue
$0
All Other Contributions
$264,882
Change in Net Assets
$201,646

Audited Revenue Reconciliation

Revenue per Audited Statements
$874,935
Revenue Not Reported on Financial Statements
$25,862
Revenue Not Reported on Form 990
$229,928
Total Revenue per Audited Statements
$1,104,863
Total Revenue per Form 990
$900,797
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$374,008
Other Expenses$325,143
Total Fundraising Expense$74,013
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$195,031--$195,031
Current Officers, Directors, Trustees, and Key Employees$30,770$43,375$48,120$122,265
Depreciation Depletion$62,939--$62,939
Pension Plan Contributions$23,085$4,434$4,920$32,439
Occupancy$30,462--$30,462
Fees for Service Investment Mgmnt Fees-$25,860-$25,860
Payroll Taxes$17,274$3,318$3,681$24,273
Fees for Services Accounting-$22,870-$22,870
All Other Expenses$8,190$248$2,420$10,858
Office Expenses$10,756--$10,756
Insurance$9,111--$9,111
Other Expenses$7,157-$14,872$7,157
Total Functional Expenses$525,033$100,105$74,013$699,151

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$699,151
Expenses per Audited Statements$673,289
Total Expenses per Audited Statements$673,289
Expenses Not Reported on Financial Statements$25,862
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$28,554
Rounding$2
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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, Part VI, Section B, Line 11B

FORM 990 WILL BE REVIEWED BY THE TREASURER and the Library's Director before it is filed. Any questions or concerns will be DISCUSSED AND cleared WITH THE CERTIFIED PUBLIC ACCOUNTANT THAT PREPARED THE RETURN.

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

Annual disclosures are monitored for conflict of interest issues.

Form 990, Part VI, Section B, Line 15B

The personnel committee and executive committee of the board of directors do an annual review of the library director's compensation to negotiate and approve a compensation package using comparability data and other applicable information.

Form 990, Part VI, Section C, Line 19

The library makes its governing documents, policies and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Essex Library Association Inc
EIN
06-0720076
Phone
8607671560
Address
33 WEST AVENUE, ESSEX, CT 06426

Signing Officer

Name
Joanne Carter
Title
President
Signed
2025-10-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ann Thompson
Formed
1893
Legal Domicile
Ct
Voting Board Members
14
Independent Board Members
14
Employees
12
Volunteers
75

Preparer

Firm
WollackLewitz LLC
Address
36 Elm Street, Old Saybrook, CT 06475
Preparer
Brendan Redfield CPA
Phone
8603884451
Supplemental Narrative

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

The endowment funds are invested in a diversified asset mix of mutual funds and exchange trade products to earn investment income that can be used to augment shortfalls in the annual operation of the library. The funds may also be used for other purposes related to library operations upon approval of the board of trustees.

Raw XML AppendixShowing 400 of 534 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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