Civic Intelligence

Libraries Online Incorporated

990 • Fiscal year 2022 • EIN 06-1057542

Jul 01, 2021 to Jun 30, 2022 • Filed on Nov 24, 2022

100 Riverview Center Apt 252Middletown, CT 06457

(860) 347-1704

Siviq Scores

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

Liabilities / Assets

59th percentile

0.12x

Higher debt load relative to assets than 59% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

51st percentile

0.09x

Higher debt load relative to revenue than 51% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

32nd percentile

-1.1%

Higher net margin than 32% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

71st percentile

$106,210

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 7.7% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

64th percentile

8.1%

Faster asset growth than 64% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

34th percentile

-4.1%

Faster revenue growth than 34% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$1,053,575

Up $78,865 (+8.1%) from 2021

Net Assets

Down

$932,190

Down $15,639 (-1.6%) from 2021

Liabilities

Up

$121,385

Up $94,504 (+352%) from 2021

Revenue

Down

$1,376,416

Down $58,349 (-4.1%) from 2021

Expenses

Up

$1,392,055

Up $27,003 (+2.0%) from 2021

Net Income

Down

-$15,639

Down $85,352 (-122%) from 2021

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $648,405Liabilities 2011: $7,968Net Assets 2011: $640,4372011Assets 2012: $741,103Liabilities 2012: $5,021Net Assets 2012: $736,0822012Assets 2013: $700,791Liabilities 2013: $17,836Net Assets 2013: $682,9552013Assets 2014: $733,484Liabilities 2014: $38,420Net Assets 2014: $695,0642014Assets 2015: $673,562Liabilities 2015: $8,019Net Assets 2015: $665,5432015Assets 2016: $687,873Liabilities 2016: $3,050Net Assets 2016: $684,8232016Assets 2017: $784,157Liabilities 2017: $68,857Net Assets 2017: $715,3002017Assets 2018: $727,133Liabilities 2018: $30,274Net Assets 2018: $696,8592018Assets 2019: $831,956Liabilities 2019: $44,612Net Assets 2019: $787,3442019Assets 2020: $908,927Liabilities 2020: $30,811Net Assets 2020: $878,1162020Assets 2021: $974,710Liabilities 2021: $26,881Net Assets 2021: $947,8292021Assets 2022: $1,053,575Liabilities 2022: $121,385Net Assets 2022: $932,1902022Assets 2023: $997,982Liabilities 2023: $98,629Net Assets 2023: $899,3532023Assets 2024: $991,768Liabilities 2024: $80,287Net Assets 2024: $911,4812024Assets 2025: $1,065,327Liabilities 2025: $132,963Net Assets 2025: $932,3642025

Highlighted filing

2022

Assets$1,053,575
Liabilities$121,385
Net Assets$932,190

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $861,4402011Expenses 2012: $859,4852012Revenue 2013: $857,612Expenses 2013: $910,739Net Income 2013: -$53,1272013Revenue 2014: $998,447Expenses 2014: $986,338Net Income 2014: $12,1092014Revenue 2015: $1,027,332Expenses 2015: $1,056,853Net Income 2015: -$29,5212015Revenue 2016: $1,139,458Expenses 2016: $1,120,178Net Income 2016: $19,2802016Revenue 2017: $1,201,086Expenses 2017: $1,170,609Net Income 2017: $30,4772017Revenue 2018: $1,246,089Expenses 2018: $1,264,530Net Income 2018: -$18,4412018Revenue 2019: $1,392,301Expenses 2019: $1,301,816Net Income 2019: $90,4852019Revenue 2020: $1,424,232Expenses 2020: $1,333,460Net Income 2020: $90,7722020Revenue 2021: $1,434,765Expenses 2021: $1,365,052Net Income 2021: $69,7132021Revenue 2022: $1,376,416Expenses 2022: $1,392,055Net Income 2022: -$15,6392022Revenue 2023: $1,348,008Expenses 2023: $1,380,845Net Income 2023: -$32,8372023Revenue 2024: $1,402,862Expenses 2024: $1,390,734Net Income 2024: $12,1282024Revenue 2025: $1,485,990Expenses 2025: $1,465,107Net Income 2025: $20,8832025

Highlighted filing

2022

Revenue$1,376,416
Expenses$1,392,055
Net Income-$15,639
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Nov 24, 2022
Return Version
2021v4.2
Gross Receipts
$1,376,416
Mission and Program Overview

Mission

Computer network serving member libraries

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$679,176$900,219▲ $221,043
Accounts Receivable$89,951$61,447▼ $28,504
Prepaid Expenses and Deferred Charges$139,383$45,633▼ $93,750
Land, Buildings, and Equipment, Net$63,200$43,276▼ $19,924
Total Assets$974,710$1,053,575▲ $78,865
Other Assets Total$3,000$3,000→ $0
Liabilities
Accounts Payable and Accrued Expenses$26,881$63,853▲ $36,972
Deferred Revenue-$57,532-
Total Liabilities$26,881$121,385▲ $94,504
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$947,829$932,190▼ $15,639
Total Net Assets Fund Balance$947,829$932,190▼ $15,639
Total Liabilities and Net Assets / Fund Balance$974,710$1,053,575▲ $78,865

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$43,276$656,938$700,214
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Farara JosephExecutive DirectorFT$106,210$106,210
Gardner AndrewAssociate DirectorFT$105,299$105,299

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,366,847
Program Service Revenue
$8,878
Investment Income
$691
Other Revenue
$0
Change in Net Assets
$-15,639

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,376,416
Total Revenue per Audited Statements
$1,376,416
Total Revenue per Form 990
$1,376,416
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$717,675
Other Expenses$674,380
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$292,357$80,848-$373,205
Current Officers, Directors, Trustees, and Key Employees-$211,509-$211,509
All Other Expenses$189,035--$189,035
Other Expenses$114,478--$114,478
Other Employee Benefits$43,225$43,225-$86,450
Payroll Taxes$23,255$23,256-$46,511
Depreciation Depletion$41,497--$41,497
Occupancy$14,036$14,035-$28,071
Fees for Services Other$6,496$13,713-$20,209
Insurance$8,529$8,529-$17,058
Travel$5,557$5,557-$11,114
Information Technology$4,810$4,810-$9,620
Office Expenses$2,567$2,567-$5,134
Total Functional Expenses$984,006$408,049$0$1,392,055

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,392,055
Total Expenses per Audited Statements$1,392,055
Total Expenses per Form 990$1,392,055
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
Federal income taxes-
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
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
Yes
Management duties delegated
No

Governance Explanations

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

Members elect members of the governing body and approve significant decisions.

Form 990, Part VI, Section B, Line 11

Reviewed by treasurer and finance committee prior to being filed.

Form 990, Part VI, Section B, Line 12

Bod reviews all conflict of interest matters and documents when appropriate.

Form 990, Part VI, Section B, Line 15

Bod reviews third party info as well as published salary ranges.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Libraries Online Inc
EIN
06-1057542
Phone
8603471704
Address
100 RIVERVIEW CENTER APT 252, MIDDLETOWN, CT 06457

Signing Officer

Name
Joseph Farara
Title
Executive Director
Phone
8603471704
Signed
2022-11-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Farara
Formed
1980
Legal Domicile
Ct
Voting Board Members
28
Independent Board Members
28
Employees
7

Preparer

Firm
Solakian & Company LLC
Address
580 JOHNS PASS AVENUE, MADEIRA BEACH, FL 33708
Preparer
Michael Solakian
Phone
2032156541
Supplemental Narrative

Financial Statement Notes

X 2

The Organization adopted the provisions of FASB ASC 740-10. As a result of the implementation, the Organization did not recognize any liability for uncertain tax positions.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1ASSOCIATE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt30DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt31TREASURER
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IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
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IRS990/InsuranceGrp/ManagementAndGeneralAmt08529
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/OtherExpensesGrp/Desc0SYSTEM MAINTENANCE AND CONSULTING
IRS990/OtherExpensesGrp/Desc1COST OF EQUIPMENT AND SUPPLIES
IRS990/OtherExpensesGrp/Desc2DOWNLOADABLE MAGAZINES
IRS990/OtherExpensesGrp/Desc3DELIVERY EXPENSE
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IRS990/OtherExpensesGrp/TotalAmt225000
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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt080848

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.07$0.13$0.93$1.49$1.47$0.02
2024Detailed filing. Detailed filing data is available for this year.$0.99$0.08$0.91$1.40$1.39$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.00$0.10$0.90$1.35$1.38$0.03
2022Detailed filing. Detailed filing data is available for this year.$1.05$0.12$0.93$1.38$1.39$0.02
2021Detailed filing. Detailed filing data is available for this year.$0.97$0.03$0.95$1.43$1.37$0.07
2020Detailed filing. Detailed filing data is available for this year.$0.91$0.03$0.88$1.42$1.33$0.09
2019Detailed filing. Detailed filing data is available for this year.$0.83$0.04$0.79$1.39$1.30$0.09
2018Detailed filing. Detailed filing data is available for this year.$0.73$0.03$0.70$1.25$1.26$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.78$0.07$0.72$1.20$1.17$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.69$0.00$0.68$1.14$1.12$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.67$0.01$0.67$1.03$1.06$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.73$0.04$0.70$1.00$0.99$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.70$0.02$0.68$0.86$0.91$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.74$0.01$0.74$0.86
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.65$0.01$0.64$0.86