Civic Intelligence

Ivoryton Library Association

EIN 06-6044731 • 501(c)3 • Ivoryton, CT

Profile

The ivoryton library association is dedicated to supporting lifelong learning and access to information, knowledge, and ideas in the community it serves.

PO Box 515Ivoryton, CT 06442

www.ivorytonlibrary.org

Siviq Scores

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

Liabilities / Assets

18th percentile

0.00x

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

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

19th percentile

0.00x

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

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

76th percentile

23%

Higher net margin than 76% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

64th percentile

9.7%

Faster asset growth than 64% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

51st percentile

7.4%

Faster revenue growth than 51% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Up

$1,230,556

Up $108,573 (+9.7%) from 2024

Liabilities

Flat

$0

Flat from 2024

Net Assets

Up

$1,230,556

Up $108,573 (+9.7%) from 2024

Revenue

Up

$239,477

Up $16,577 (+7.4%) from 2024

Expenses

Down

$183,557

Down $2,311 (-1.2%) from 2024

Net Income

Up

$55,920

Up $18,888 (+51%) from 2024

Trend Graphs

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2013: $554,564Liabilities 2013: $1,828Net Assets 2013: $552,7362013Assets 2014: $571,879Liabilities 2014: $1,552Net Assets 2014: $570,3272014Assets 2015: $611,995Liabilities 2015: $1,583Net Assets 2015: $610,4122015Assets 2016: $655,007Liabilities 2016: $1,679Net Assets 2016: $653,3282016Assets 2017: $719,303Liabilities 2017: $1,564Net Assets 2017: $717,7392017Assets 2018: $732,455Liabilities 2018: $1,614Net Assets 2018: $730,8412018Assets 2019: $791,641Liabilities 2019: $1,625Net Assets 2019: $790,0162019Assets 2020: $814,179Liabilities 2020: $1,815Net Assets 2020: $812,3642020Assets 2021: $1,007,305Liabilities 2021: $1,681Net Assets 2021: $1,005,6242021Assets 2022: $938,023Liabilities 2022: $1,903Net Assets 2022: $936,1202022Assets 2023: $1,015,719Liabilities 2023: $1,921Net Assets 2023: $1,013,7982023Assets 2024: $1,121,983Liabilities 2024: $0Net Assets 2024: $1,121,9832024Assets 2025: $1,230,556Liabilities 2025: $0Net Assets 2025: $1,230,5562025

Highlighted filing

2025

Assets$1,230,556
Liabilities$0
Net Assets$1,230,556

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2013: $194,671Expenses 2013: $142,306Net Income 2013: $52,3652013Revenue 2014: $131,724Expenses 2014: $134,629Net Income 2014: -$2,9052014Revenue 2015: $226,691Expenses 2015: $138,915Net Income 2015: $87,7762015Revenue 2016: $198,625Expenses 2016: $143,876Net Income 2016: $54,7492016Revenue 2017: $177,370Expenses 2017: $154,693Net Income 2017: $22,6772017Revenue 2018: $186,480Expenses 2018: $182,353Net Income 2018: $4,1272018Revenue 2019: $216,138Expenses 2019: $165,298Net Income 2019: $50,8402019Revenue 2020: $186,900Expenses 2020: $156,315Net Income 2020: $30,5852020Revenue 2021: $246,013Expenses 2021: $158,689Net Income 2021: $87,3242021Revenue 2022: $295,806Expenses 2022: $159,322Net Income 2022: $136,4842022Revenue 2023: $160,670Expenses 2023: $167,776Net Income 2023: -$7,1062023Revenue 2024: $222,900Expenses 2024: $185,868Net Income 2024: $37,0322024Revenue 2025: $239,477Expenses 2025: $183,557Net Income 2025: $55,9202025

Highlighted filing

2025

Revenue$239,477
Expenses$183,557
Net Income$55,920

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Jan 20, 2026
Return Version
2024v5.2
Gross Receipts
$668,785
Mission and Program Overview

Mission

Operation of a Library

The ivoryton library association is dedicated to supporting lifelong learning and access to information, knowledge, and ideas in the community it serves.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$920,539$972,210▲ $51,671
Land, Buildings, and Equipment, Net$146,174$235,850▲ $89,676
Cash and Non-Interest-Bearing Accounts$24,088$18,924▼ $5,164
Savings and Temporary Cash Investments$31,182$2,972▼ $28,210
Accounts Receivable-$600-
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$1,121,983$1,230,556▲ $108,573
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,121,983$1,230,556▲ $108,573
Total Net Assets Fund Balance$1,121,983$1,230,556▲ $108,573
Total Liabilities and Net Assets / Fund Balance$1,121,983$1,230,556▲ $108,573

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$142,707-$142,707
Leasehold Improvements$64,858-$64,858
Equipment$28,285-$28,285
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Colleen GoodrichExecutive DirectorFT$22,500$22,500

Board Members and Trustees

NameTitle
Sharon LewisPresident
Melissa OzolsVice President
Abbe MacliseTrustee
Claire TiernanTrustee
Deborah BrownTrustee
Diane DayTrustee
Kathy MaroisTrustee
Leslie BarlowTrustee
Louisa KetronTrustee
Ron NelsonTrustee
John MatthiessenSecretary
Michael LennonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$178,870
Program Service Revenue
$0
Investment Income
$47,399
Other Revenue
$13,208
All Other Contributions
$33,757
Change in Net Assets
$55,920
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$112,903
Other Expenses$70,654
Total Fundraising Expense$19,210
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$12,216$30,541$18,325$61,082
Other Salaries and Wages$10,949$32,848-$43,797
Occupancy$16,211--$16,211
Payroll Taxes$8,024--$8,024
Insurance$536$6,152-$6,688
Fees for Service Investment Mgmnt Fees-$4,759-$4,759
Office Expenses$818$2,126$327$3,271
Fees for Services Other$2,969--$2,969
All Other Expenses$2,022$238$545$2,805
Fees for Services Accounting-$2,675-$2,675
Other Expenses$2,542$2,639-$2,542
Advertising--$13$13
Total Functional Expenses$82,369$81,978$19,210$183,557
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$15,204
Fundraising Direct Expenses$1,996
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-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
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 B, Line 11B

The form 990 is distributed to the board so they have an opportunity to review it prior to filing.

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

The compensation of the executive director is reviewed annually and adjusted based on performance, cost of living changes generally and locally, and available comprable industry data.

Form 990, Part VI, Section C, Line 19

All available for public inspection upon request

Filing and Contact Details

Filer

Filer Name
Ivoryton Library Association
EIN
06-6044731
Phone
8607671252
Address
PO BOX 515, IVORYTON, CT 06442

Signing Officer

Name
Michael Lennon
Title
Treasurer
Signed
2026-01-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Lennon
Formed
1889
Legal Domicile
Ct
Voting Board Members
13
Independent Board Members
12
Employees
5
Volunteers
20

Preparer

Firm
WollackLewitz LLC
Address
36 Elm Street, Old Saybrook, CT 06475
Preparer
Rebecca M Wollack CPA
Phone
8603884451
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IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE IVORYTON LIBRARY ASSOCIATION IS DEDICATED TO SUPPORTING LIFELONG LEARNING AND ACCESS TO INFORMATION, KNOWLEDGE, AND IDEAS IN THE COMMUNITY IT SERVES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01121983
IRS990/NetAssetsOrFundBalancesEOYAmt01230556
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt029502
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-12841
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt016661
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt013208
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt013208
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt052653
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01121983
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01230556
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt016211
IRS990/OccupancyGrp/TotalAmt016211
IRS990/OfficeExpensesGrp/FundraisingAmt0327
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02126
IRS990/OfficeExpensesGrp/ProgramServicesAmt0818
IRS990/OfficeExpensesGrp/TotalAmt03271
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0LIBRARY SUPPLIES
IRS990/OtherExpensesGrp/Desc1LION EXPENSE
IRS990/OtherExpensesGrp/Desc2PAYROLL EXPENSES
IRS990/OtherExpensesGrp/Desc3PROGRAM EXPENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02639
IRS990/OtherExpensesGrp/ProgramServicesAmt017274
IRS990/OtherExpensesGrp/ProgramServicesAmt18808
IRS990/OtherExpensesGrp/ProgramServicesAmt22542
IRS990/OtherExpensesGrp/TotalAmt017274
IRS990/OtherExpensesGrp/TotalAmt18808
IRS990/OtherExpensesGrp/TotalAmt22639
IRS990/OtherExpensesGrp/TotalAmt32542
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt032848
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt010949
IRS990/OtherSalariesAndWagesGrp/TotalAmt043797
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt08024
IRS990/PayrollTaxesGrp/TotalAmt08024
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0MICHAEL LENNON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0169926
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt041524
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt078480
IRS990/PYOtherRevenueAmt011450
IRS990/PYRevenuesLessExpensesAmt037032
IRS990/PYSalariesCompEmpBnftPaidAmt0107388
IRS990/PYTotalExpensesAmt0185868
IRS990/PYTotalRevenueAmt0222900
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt055920
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0178870
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt031182
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02972
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0178870
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0169926
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0169889
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0213384
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0171040
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0903109
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt030738
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt027261
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt012606
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt018216
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt013906
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0102727
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.89790
IRS990ScheduleA/PublicSupportPY170Pct00.89610
IRS990ScheduleA/PublicSupportTotal170Amt0903109
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0178870
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0169926
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0169889
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0213384
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0171040
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0903109
IRS990ScheduleA/TotalSupportAmt01005836
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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/BuildingsGrp/BookValueAmt0142707
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0142707
IRS990ScheduleD/EquipmentGrp/BookValueAmt028285
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt028285
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt064858
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt064858
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0235850
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS DISTRIBUTED TO THE BOARD SO THEY HAVE AN OPPORTUNITY TO REVIEW IT PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS REVIEWED ANNUALLY AND ADJUSTED BASED ON PERFORMANCE, COST OF LIVING CHANGES GENERALLY AND LOCALLY, AND AVAILABLE COMPRABLE INDUSTRY DATA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false

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