Civic Intelligence

Bridgewater Library Association

990 • Fiscal year 2023 • EIN 06-6044812

Jul 01, 2022 to Jun 30, 2023 • Filed on Nov 21, 2023

PO Box 430 62 Main Street SouthBridgewater, CT 06752-0430

(860) 354-6937

Siviq Scores

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

Liabilities / Assets

41st percentile

0.00x

Higher debt load relative to assets than 41% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

47th percentile

0.01x

Higher debt load relative to revenue than 47% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

64th percentile

12%

Higher net margin than 64% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

66th percentile

12%

Faster asset growth than 66% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

75th percentile

35%

Faster revenue growth than 75% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Up

$832,190

Up $87,498 (+12%) from 2022

Net Assets

Up

$828,537

Up $83,955 (+11%) from 2022

Liabilities

Up

$3,653

Up $3,543 (+3221%) from 2022

Revenue

Up

$251,482

Up $65,501 (+35%) from 2022

Expenses

Down

$220,757

Down $5,502 (-2.4%) from 2022

Net Income

Up

$30,725

Up $71,003 (+176%) from 2022

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: $473,764Liabilities 2011: $1,4302011Assets 2012: $515,696Liabilities 2012: $1,484Net Assets 2012: $514,2122012Assets 2013: $530,887Liabilities 2013: $1,697Net Assets 2013: $529,1902013Assets 2014: $569,870Liabilities 2014: $1,659Net Assets 2014: $568,2112014Assets 2015: $557,013Liabilities 2015: $1,909Net Assets 2015: $555,1042015Assets 2016: $549,844Liabilities 2016: $2,024Net Assets 2016: $547,8202016Assets 2017: $549,552Liabilities 2017: $2,104Net Assets 2017: $547,4482017Assets 2018: $587,340Liabilities 2018: $2,191Net Assets 2018: $585,1492018Assets 2019: $704,012Liabilities 2019: $2,501Net Assets 2019: $701,5112019Assets 2020: $594,643Liabilities 2020: $1,810Net Assets 2020: $592,8332020Assets 2021: $896,363Liabilities 2021: $2,520Net Assets 2021: $893,8432021Assets 2022: $744,692Liabilities 2022: $110Net Assets 2022: $744,5822022Assets 2023: $832,190Liabilities 2023: $3,653Net Assets 2023: $828,5372023Assets 2024: $999,707Liabilities 2024: $3,674Net Assets 2024: $996,0332024Assets 2025: $1,191,452Liabilities 2025: $3,674Net Assets 2025: $1,187,7782025

Highlighted filing

2023

Assets$832,190
Liabilities$3,653
Net Assets$828,537

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $137,798Expenses 2011: $130,074Net Income 2011: $7,7242011Expenses 2012: $127,4482012Revenue 2013: $135,883Expenses 2013: $126,898Net Income 2013: $8,9852013Revenue 2014: $139,710Expenses 2014: $132,429Net Income 2014: $7,2812014Revenue 2015: $145,538Expenses 2015: $130,295Net Income 2015: $15,2432015Revenue 2016: $144,504Expenses 2016: $135,566Net Income 2016: $8,9382016Revenue 2017: $139,578Expenses 2017: $153,753Net Income 2017: -$14,1752017Revenue 2018: $209,939Expenses 2018: $165,519Net Income 2018: $44,4202018Revenue 2019: $299,035Expenses 2019: $185,564Net Income 2019: $113,4712019Revenue 2020: $228,400Expenses 2020: $314,911Net Income 2020: -$86,5112020Revenue 2021: $484,382Expenses 2021: $220,575Net Income 2021: $263,8072021Revenue 2022: $185,981Expenses 2022: $226,259Net Income 2022: -$40,2782022Revenue 2023: $251,482Expenses 2023: $220,757Net Income 2023: $30,7252023Revenue 2024: $334,940Expenses 2024: $246,299Net Income 2024: $88,6412024Revenue 2025: $396,375Expenses 2025: $298,737Net Income 2025: $97,6382025

Highlighted filing

2023

Revenue$251,482
Expenses$220,757
Net Income$30,725
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Nov 21, 2023
Return Version
2022v5.0
Gross Receipts
$251,482
Mission and Program Overview

Mission

To provide library services to the local community.

To provide library services to the local community

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$572,032$639,154▲ $67,122
Cap Stk Tr Prin Current Funds$473,334$489,097▲ $15,763
Rtn Earn Endowment Incm Other Fnds$271,248$339,440▲ $68,192
Savings and Temporary Cash Investments$140,067$171,391▲ $31,324
Land, Buildings, and Equipment, Net$24,153$15,146▼ $9,007
Other Notes and Loans Receivable, Net$3,268$3,268→ $0
Cash and Non-Interest-Bearing Accounts$3,597$1,656▼ $1,941
Prepaid Expenses and Deferred Charges$1,575$1,575→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Total Assets$744,692$832,190▲ $87,498
Liabilities
Other Liabilities$110$3,653▲ $3,543
Total Liabilities$110$3,653▲ $3,543
Net Assets / Fund Balance
Total Net Assets Fund Balance$744,582$828,537▲ $83,955
Total Liabilities and Net Assets / Fund Balance$744,692$832,190▲ $87,498

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$15,146$369,005$384,151
Compensation and Service Providers

Board Members and Trustees

NameTitle
Betsy PerlmanPresident
Frank KellyVice President
Howard AltschulTrustee
Jane BernsteinTrustee
Jim GustinTrustee
Larina CipollaTrustee
Lisa LauTrustee
Melinda LukeTrustee
Russell MarcusTrustee
Catherine FlynnSecretary
Cheryl JohnsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$174,300
Program Service Revenue
$55,902
Investment Income
$21,280
Other Revenue
$0
All Other Contributions
$41,000
Change in Net Assets
$30,725
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$145,681
Other Expenses$75,076
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$130,227--$130,227
Occupancy$18,193--$18,193
Payroll Taxes$9,693--$9,693
Depreciation Depletion$9,007--$9,007
Information Technology$8,336--$8,336
Other Employee Benefits$5,761--$5,761
Fees for Services Other$4,323$862-$5,185
Insurance$4,915--$4,915
Fees for Services Accounting-$4,825-$4,825
Office Expenses$4,585--$4,585
All Other Expenses$2,892--$2,892
Other Expenses$1,461--$1,461
Advertising$644--$644
Fees for Service Investment Mgmnt Fees-$500-$500
Total Functional Expenses$214,570$6,187$0$220,757
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
Due to Friends$3,561
Payroll Taxes$92
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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

A copy of the 990 is given to the finance committee and is approved by that committee.

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

The board is asked about potential conflicts on an annual basis.

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

The executive board reviews and approves salary.

Form 990, Part VI, Section C, Line 18

Information is available for inspection upon request.

Form 990, Part VI, Section C, Line 19

Information is available for inspection upon request.

Filing and Contact Details

Filer

Filer Name
Bridgewater Library Association
EIN
06-6044812
Phone
8603546937
Address
PO BOX 430 62 MAIN STREET SOUTH, BRIDGEWATER, CT 06752-0430

Signing Officer

Name
Cheryl Johnson
Title
Treasurer
Phone
8603546937
Signed
2023-11-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cheryl Johnson
Formed
1904
Legal Domicile
Ct
Voting Board Members
11
Independent Board Members
11
Employees
6
Volunteers
0

Preparer

Firm
Bakewell & Mulhare LLC
Address
19 MAIN STREET, NEW MILFORD, CT 06776
Preparer
Cheryl a Bakewell CPA
Phone
8603554076
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IRS990/PYRevenuesLessExpensesAmt0-40278
IRS990/PYSalariesCompEmpBnftPaidAmt0132656
IRS990/PYTotalExpensesAmt0226259
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0185981
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt030725
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt012828
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0271248
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0339440
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0140067
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0171391
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0153282
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0139052
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0384843
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0199931
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0260904
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01138012
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt013985
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt023148
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt028872
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt028469
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt038131
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0132605
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.89560
IRS990ScheduleA/PublicSupportPY170Pct00.88780
IRS990ScheduleA/PublicSupportTotal170Amt01138012
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0153282
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0139052
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0384843
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0199931
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0260904
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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/ScheduleBRequiredInd01
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt015146
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0369005
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0384151
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt092
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13561
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL TAXES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO FRIENDS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt015146
IRS990ScheduleD/TotalLiabilityAmt03653
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE 990 IS GIVEN TO THE FINANCE COMMITTEE AND IS APPROVED BY THAT COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD IS ASKED ABOUT POTENTIAL CONFLICTS ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE BOARD REVIEWS AND APPROVES SALARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3INFORMATION IS AVAILABLE FOR INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4INFORMATION IS AVAILABLE FOR INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CT
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt0832190
IRS990/TotalAssetsGrp/BOYAmt0744692
IRS990/TotalAssetsGrp/EOYAmt0832190
IRS990/TotalCompGreaterThan150KInd00
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IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0214570
IRS990/TotalFunctionalExpensesGrp/TotalAmt0220757
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0110
IRS990/TotalLiabilitiesEOYAmt03653
IRS990/TotalLiabilitiesGrp/BOYAmt0110
IRS990/TotalLiabilitiesGrp/EOYAmt03653
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0744582
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0828537
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt012828
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt012828
IRS990/TotalProgramServiceExpensesAmt0214570
IRS990/TotalProgramServiceRevenueAmt055902
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt064354
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt012828
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0251482
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0744692
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0832190
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt062 MAIN STREET SOUTH
IRS990/USAddress/CityNm0BRIDGEWATER
IRS990/USAddress/StateAbbreviationCd0CT
IRS990/USAddress/ZIPCd006752
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0WWW.BURNHAMLIBRARY.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.19$0.00$1.19$0.40$0.30$0.10
2024Detailed filing. Detailed filing data is available for this year.$1.00$0.00$1.00$0.33$0.25$0.09
2023Detailed filing. Detailed filing data is available for this year.$0.83$0.00$0.83$0.25$0.22$0.03
2022Detailed filing. Detailed filing data is available for this year.$0.74$0.00$0.74$0.19$0.23$0.04
2021Detailed filing. Detailed filing data is available for this year.$0.90$0.00$0.89$0.48$0.22$0.26
2020Detailed filing. Detailed filing data is available for this year.$0.59$0.00$0.59$0.23$0.31$0.09
2019Detailed filing. Detailed filing data is available for this year.$0.70$0.00$0.70$0.30$0.19$0.11
2018Detailed filing. Detailed filing data is available for this year.$0.59$0.00$0.59$0.21$0.17$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.55$0.00$0.55$0.14$0.15$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.55$0.00$0.55$0.14$0.14$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.56$0.00$0.56$0.15$0.13$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.57$0.00$0.57$0.14$0.13$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.53$0.00$0.53$0.14$0.13$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.52$0.00$0.51$0.13
2011Summary only. Only limited summary data is available for this year.$0.47$0.00$0.14$0.13$0.01