Civic Intelligence

Oceanside Library

990 • Fiscal year 2020 • EIN 11-1889760

Jul 01, 2019 to Jun 30, 2020 • Filed on Oct 07, 2020

30 Davison AvenueOceanside, NY 11572

(516) 766-2360

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$8,082,099

Up $701,940 (+9.5%) from 2019

Net Assets

Down

$299,397

Down $371,329 (-55%) from 2019

Liabilities

Up

$7,782,702

Up $1,073,269 (+16%) from 2019

Revenue And Expenses

Revenue

Up

$4,833,747

Up $130,239 (+2.8%) from 2019

Expenses

Up

$5,205,076

Up $309,750 (+6.3%) from 2019

Net Income

Down

-$371,329

Down $179,511 (-94%) from 2019

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2012: $8,033,346Liabilities 2012: $3,843,816Net Assets 2012: $4,189,5302012Assets 2013: $8,092,722Liabilities 2013: $3,682,888Net Assets 2013: $4,409,8342013Assets 2014: $7,839,397Liabilities 2014: $3,578,879Net Assets 2014: $4,260,5182014Assets 2015: $7,739,660Liabilities 2015: $3,582,955Net Assets 2015: $4,156,7052015Assets 2016: $8,146,997Liabilities 2016: $4,339,531Net Assets 2016: $3,807,4662016Assets 2017: $7,549,088Liabilities 2017: $4,080,176Net Assets 2017: $3,468,9122017Assets 2018: $7,562,515Liabilities 2018: $6,699,971Net Assets 2018: $862,5442018Assets 2019: $7,380,159Liabilities 2019: $6,709,433Net Assets 2019: $670,7262019Assets 2020: $8,082,099Liabilities 2020: $7,782,702Net Assets 2020: $299,3972020Assets 2021: $10,599,221Liabilities 2021: $8,564,293Net Assets 2021: $2,034,9282021Assets 2022: $46,476,817Liabilities 2022: $44,195,681Net Assets 2022: $2,281,1362022Assets 2023: $47,240,346Liabilities 2023: $44,479,899Net Assets 2023: $2,760,4472023Assets 2024: $48,806,063Liabilities 2024: $44,123,444Net Assets 2024: $4,682,6192024Assets 2025: $46,718,570Liabilities 2025: $42,051,788Net Assets 2025: $4,666,7822025

Highlighted filing

2020

Assets$8,082,099
Liabilities$7,782,702
Net Assets$299,397

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2012: $4,014,0382012Revenue 2013: $4,246,432Expenses 2013: $4,026,128Net Income 2013: $220,3042013Revenue 2014: $4,359,935Expenses 2014: $4,350,123Net Income 2014: $9,8122014Revenue 2015: $4,408,323Expenses 2015: $4,389,908Net Income 2015: $18,4152015Revenue 2016: $4,455,034Expenses 2016: $4,804,273Net Income 2016: -$349,2392016Revenue 2017: $4,470,837Expenses 2017: $4,809,391Net Income 2017: -$338,5542017Revenue 2018: $4,574,499Expenses 2018: $4,639,193Net Income 2018: -$64,6942018Revenue 2019: $4,703,508Expenses 2019: $4,895,326Net Income 2019: -$191,8182019Revenue 2020: $4,833,747Expenses 2020: $5,205,076Net Income 2020: -$371,3292020Revenue 2021: $6,938,843Expenses 2021: $5,203,312Net Income 2021: $1,735,5312021Revenue 2022: $6,978,242Expenses 2022: $6,600,041Net Income 2022: $378,2012022Revenue 2023: $7,736,608Expenses 2023: $7,502,970Net Income 2023: $233,6382023Revenue 2024: $9,011,023Expenses 2024: $7,122,521Net Income 2024: $1,888,5022024Revenue 2025: $8,299,382Expenses 2025: $8,316,514Net Income 2025: -$17,1322025

Highlighted filing

2020

Revenue$4,833,747
Expenses$5,205,076
Net Income-$371,329
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Oct 7, 2020
Return Version
2019v5.0
Gross Receipts
$4,833,747
Mission and Program Overview

Mission

To provide library services

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$3,226,333$3,319,633▲ $93,300
Land, Buildings, and Equipment, Net$3,213,009$3,127,517▼ $85,492
Prepaid Expenses and Deferred Charges$622,149$1,316,408▲ $694,259
Investments Program Related$317,968$317,841▼ $127
Cash and Non-Interest-Bearing Accounts$700$700→ $0
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 in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$7,380,159$8,082,099▲ $701,940
Other Assets Total-$0-
Liabilities
Other Liabilities$4,587,924$5,783,508▲ $1,195,584
Tax Exempt Bond Liabilities$1,850,000$1,615,000▼ $235,000
Accounts Payable and Accrued Expenses$271,509$384,194▲ $112,685
Total Liabilities$6,709,433$7,782,702▲ $1,073,269
Net Assets / Fund Balance
Net Assets With Donor Restrictions$604,583$604,300▼ $283
Net Assets Without Donor Restrictions$66,143$-304,903▼ $371,046
Total Net Assets Fund Balance$670,726$299,397▼ $371,329
Total Liabilities and Net Assets / Fund Balance$7,380,159$8,082,099▲ $701,940

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,761,833$3,073,205$5,835,038
Equipment$90,368$683,147$773,515
Land$194,748-$194,748
Other Land Buildings$80,568-$80,568

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$604,583--$283$604,300
2018$600,733-▲ $8,115$4,265$604,583
2017$581,960$26,870▲ $4,414$12,511$600,733
2016$575,165$4,666▲ $2,129-$581,960
2015$569,028$5,125▲ $1,012-$575,165
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Christina MarraDirectorFT$121,372$39,863$161,235
Anthony IovinoAsst DirectorFT$104,074$48,857$152,931

Board Members and Trustees

NameTitle
Daniel FaustPresident
Mary DigiovannaVice President
Janet PearsallTrustee
Richard WoodsTrustee
Thomas BeirneTrustee
Ellen SullivanSecretary
Patricia RothTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,769,447
Program Service Revenue
$14,276
Investment Income
$50,024
Other Revenue
$0
All Other Contributions
$7,839
Change in Net Assets
$-371,329

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,833,747
Total Revenue per Audited Statements
$4,833,747
Total Revenue per Form 990
$4,833,747
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,127,721
Other Expenses$1,077,355
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,930,252$340,633-$2,270,885
Other Employee Benefits$791,753$189,475-$981,228
Pension Plan Contributions$467,031$111,766-$578,797
Payroll Taxes$141,562$33,877-$175,439
Depreciation Depletion$160,531$8,449-$168,980
Occupancy$135,467$7,130-$142,597
Current Officers, Directors, Trustees, and Key Employees-$121,372-$121,372
Interest$64,404$3,390-$67,794
Information Technology$63,181$3,325-$66,506
Insurance$34,520$1,817-$36,337
Office Expenses$24,121$1,270-$25,391
All Other Expenses$20,259$4,156-$24,415
Other Expenses$21,373$1,125-$22,498
Fees for Services Legal-$21,425-$21,425
Fees for Services Other-$13,649-$13,649
Fees for Services Accounting-$11,300-$11,300
Conferences and Meetings$10,381$546-$10,927
Total Functional Expenses$4,325,659$879,417$0$5,205,076

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,205,076
Total Expenses per Audited Statements$5,205,076
Total Expenses per Form 990$5,205,076
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
Obligation for Post Employment Benefits$4,010,676
Net Pension Liability$1,357,774
Deferred Inflow on Pension$384,802
Grants Received in Advance$30,256

Bond Issues

BondIssuerIssuedIssue PricePurpose
ADasny2005-02-09$4,240,000To refund series 95 bonds

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$4,240,000$47,276-$162,413

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Complete and final copies of form 990 are provided to all board members who are asked to review the return before filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Library board requires members and key employees to disclose any potential conflicts and/or affirm compliance annually.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Oceanside Library
EIN
11-1889760
Phone
5167662360
Address
30 DAVISON AVENUE, OCEANSIDE, NY 11572

Signing Officer

Name
Patricia Roth
Title
Treasurer
Signed
2020-10-07
Discuss with paid preparer
Yes

Organization Details

Formed
1938
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
75
Volunteers
7

Preparer

Firm
Baldessari & Coster LLP
Address
84 Covert Ave, Stewart Manor, NY 11530
Preparer
Albert Coster CPA
Phone
5163262582
Supplemental Narrative

Financial Statement Notes

Part III, Line 1A: If organization elected under SFAS 116 to not report are, historical treasures, O

As a public library the oorganization has accumulated a large collection of books, periodicals and many forms of electronic media that is available to the public for loan. The library materials are expensed when purchased and are not capitalizd due to their short life and/or expiration.

Part III, Line 4: Description of organization'S collections and how it furthers its purpose.

Part iii attachment - as a public library the organization has accumulated a large collection of books, periodicals and many forms of electronic media that is available to the public for loan. The library materials are expensed when purchased and are not capitalized due to their short life and/or expiration.

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IRS990/OtherExpensesGrp/TotalAmt165091
IRS990/OtherExpensesGrp/TotalAmt229138
IRS990/OtherExpensesGrp/TotalAmt322498
IRS990/OtherLiabilitiesGrp/BOYAmt04587924
IRS990/OtherLiabilitiesGrp/EOYAmt05783508
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0340633
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01930252
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IRS990/PartialLiquidationInd0false
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IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0111766
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IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0E-RATE REIMBURSEMENT
IRS990/ProgramServiceRevenueGrp/Desc1LIBRARY CHARGES
IRS990/ProgramServiceRevenueGrp/Desc2OTHER PROGRAM REVENUES
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13081
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IRS990/PYContributionsGrantsAmt04648980
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IRS990/PYInvestmentIncomeAmt030171
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IRS990/PYOtherExpensesAmt01210174
IRS990/PYProgramServiceRevenueAmt024357
IRS990/PYRevenuesLessExpensesAmt0-191818
IRS990/PYSalariesCompEmpBnftPaidAmt03685152
IRS990/PYTotalExpensesAmt04895326
IRS990/PYTotalRevenueAmt04703508
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IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-371329
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03226333
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt044240
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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt026185
IRS990ScheduleA/OtherIncome170Grp/TotalAmt089392
IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/PublicSupportPY170Pct00.99410
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt04434524
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt022824798
IRS990ScheduleA/TotalSupportAmt023017726
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt03073205
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05835038
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/CollUsedLoanOrExchProgInd0X
IRS990ScheduleD/CollUsedScholarlyRsrchInd0X
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0604583
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt08115
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt026870
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IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0575165
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt04666
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0569028
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt05125
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0575165

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$46.7$42.1$4.67$8.30$8.32$0.02
2024Detailed filing. Detailed filing data is available for this year.$48.8$44.1$4.68$9.01$7.12$1.89
2023Detailed filing. Detailed filing data is available for this year.$47.2$44.5$2.76$7.74$7.50$0.23
2022Detailed filing. Detailed filing data is available for this year.$46.5$44.2$2.28$6.98$6.60$0.38
2021Detailed filing. Detailed filing data is available for this year.$10.6$8.56$2.03$6.94$5.20$1.74
2020Detailed filing. Detailed filing data is available for this year.$8.08$7.78$0.30$4.83$5.21$0.37
2019Summary only. Only limited summary data is available for this year.$7.38$6.71$0.67$4.70$4.90$0.19
2018Summary only. Only limited summary data is available for this year.$7.56$6.70$0.86$4.57$4.64$0.06
2017Summary only. Only limited summary data is available for this year.$7.55$4.08$3.47$4.47$4.81$0.34
2016Summary only. Only limited summary data is available for this year.$8.15$4.34$3.81$4.46$4.80$0.35
2015Summary only. Only limited summary data is available for this year.$7.74$3.58$4.16$4.41$4.39$0.02
2014Summary only. Only limited summary data is available for this year.$7.84$3.58$4.26$4.36$4.35$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.09$3.68$4.41$4.25$4.03$0.22
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.03$3.84$4.19$4.01