Civic Intelligence

Quogue Free Library Inc.

990 • Fiscal year 2014 • EIN 11-2123274

Jan 01, 2014 to Dec 31, 2014 • Filed on May 13, 2015

PO Box 5036Quogue, NY 11959

(631) 653-4224

Siviq Scores

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

Liabilities / Assets

26th percentile

0.01x

Higher debt load relative to assets than 26% of similar nonprofits.

2014 filings • NTEE B • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

29th percentile

0.02x

Higher debt load relative to revenue than 29% of similar nonprofits.

2014 filings • NTEE B • $1M-$5M nonprofits • Source year 2014

Net Margin

68th percentile

9.4%

Higher net margin than 68% of similar nonprofits.

2014 filings • NTEE B • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

61st percentile

$89,807

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 10.6% of source-year revenue.

2014 filings • NTEE B • $1M-$5M nonprofits • Source year 2014

Asset Growth

52nd percentile

5.0%

Faster asset growth than 52% of similar nonprofits.

2014 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

54th percentile

5.2%

Faster revenue growth than 54% of similar nonprofits.

2014 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Up

$1,761,755

Up $83,654 (+5.0%) from 2013

Net Assets

Up

$1,745,883

Up $79,937 (+4.8%) from 2013

Liabilities

Up

$15,872

Up $3,717 (+31%) from 2013

Revenue

Up

$848,708

Up $41,924 (+5.2%) from 2013

Expenses

Up

$768,721

Up $39,694 (+5.4%) from 2013

Net Income

Up

$79,987

Up $2,230 (+2.9%) from 2013

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2011: $1,516,478Liabilities 2011: $8,778Net Assets 2011: $1,507,7002011Assets 2012: $1,599,865Liabilities 2012: $15,996Net Assets 2012: $1,583,8692012Assets 2013: $1,678,101Liabilities 2013: $12,155Net Assets 2013: $1,665,9462013Assets 2014: $1,761,755Liabilities 2014: $15,872Net Assets 2014: $1,745,8832014Assets 2015: $1,788,639Liabilities 2015: $18,348Net Assets 2015: $1,770,2912015Assets 2016: $1,820,458Liabilities 2016: $7,010Net Assets 2016: $1,813,4482016Assets 2017: $1,847,907Liabilities 2017: $21,679Net Assets 2017: $1,826,2282017Assets 2018: $2,880,042Liabilities 2018: $137,202Net Assets 2018: $2,742,8402018Assets 2019: $7,481,818Liabilities 2019: $787,858Net Assets 2019: $6,693,9602019Assets 2020: $9,380,392Liabilities 2020: $1,946,413Net Assets 2020: $7,433,9792020Assets 2021: $10,247,286Liabilities 2021: $2,125,305Net Assets 2021: $8,121,9812021Assets 2022: $9,689,547Liabilities 2022: $1,779,598Net Assets 2022: $7,909,9492022Assets 2023: $9,474,598Liabilities 2023: $1,703,859Net Assets 2023: $7,770,7392023Assets 2024: $9,355,290Liabilities 2024: $1,617,268Net Assets 2024: $7,738,0222024

Highlighted filing

2014

Assets$1,761,755
Liabilities$15,872
Net Assets$1,745,883

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $668,0622011Expenses 2012: $689,6792012Revenue 2013: $806,784Expenses 2013: $729,027Net Income 2013: $77,7572013Revenue 2014: $848,708Expenses 2014: $768,721Net Income 2014: $79,9872014Revenue 2015: $902,689Expenses 2015: $879,369Net Income 2015: $23,3202015Revenue 2016: $888,898Expenses 2016: $850,277Net Income 2016: $38,6212016Revenue 2017: $428,850Expenses 2017: $417,821Net Income 2017: $11,0292017Revenue 2018: $1,833,949Expenses 2018: $927,287Net Income 2018: $906,6622018Revenue 2019: $5,063,640Expenses 2019: $1,112,520Net Income 2019: $3,951,1202019Revenue 2020: $1,603,056Expenses 2020: $863,037Net Income 2020: $740,0192020Revenue 2021: $1,683,180Expenses 2021: $995,178Net Income 2021: $688,0022021Revenue 2022: $1,410,261Expenses 2022: $1,622,293Net Income 2022: -$212,0322022Revenue 2023: $1,484,067Expenses 2023: $1,626,681Net Income 2023: -$142,6142023Revenue 2024: $1,660,510Expenses 2024: $1,695,111Net Income 2024: -$34,6012024

Highlighted filing

2014

Revenue$848,708
Expenses$768,721
Net Income$79,987
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 13, 2015
Return Version
2014v5.0
Gross Receipts
$848,708
Mission and Program Overview

Mission

To provide the citizens of quogue with the services attributable to that of any public library.

To provide the citizens of quogue with the services attributable to that of any public library

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$922,414$991,893▲ $69,479
Land, Buildings, and Equipment, Net$729,320$737,652▲ $8,332
Prepaid Expenses and Deferred Charges$13,746$19,589▲ $5,843
Investments in Publicly Traded Securities$12,421$12,371▼ $50
Cash and Non-Interest-Bearing Accounts$200$250▲ $50
Total Assets$1,678,101$1,761,755▲ $83,654
Liabilities
Accounts Payable and Accrued Expenses$8,293$10,050▲ $1,757
Other Liabilities$3,862$5,822▲ $1,960
Total Liabilities$12,155$15,872▲ $3,717
Net Assets / Fund Balance
Unrestricted Net Assets$967,929$1,015,402▲ $47,473
Temporarily Rstr Net Assets$698,017$730,481▲ $32,464
Total Net Assets Fund Balance$1,665,946$1,745,883▲ $79,937
Total Liabilities and Net Assets / Fund Balance$1,678,101$1,761,755▲ $83,654

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$592,472$474,013$1,066,485
Equipment$82,356$199,989$282,345
Land$40,204-$40,204
Other Land Buildings$22,620-$22,620
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Christine CliftonDirectorFT$89,807$89,807

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$779,866
Program Service Revenue
$59,702
Investment Income
$9,140
Other Revenue
$0
All Other Contributions
$99,246
Change in Net Assets
$79,987

Audited Revenue Reconciliation

Revenue per Audited Statements
$848,708
Revenue Not Reported on Form 990
$-50
Total Revenue per Audited Statements
$848,658
Total Revenue per Form 990
$848,708
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$449,282
Other Expenses$319,439
Total Fundraising Expense$6,985
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$385,144--$385,144
All Other Expenses$6,739$25,255$6,985$38,979
Depreciation Depletion-$37,312-$37,312
Payroll Taxes$29,323--$29,323
Office Expenses$7,799$20,439-$28,238
Other Employee Benefits$24,513--$24,513
Fees for Services Other-$22,776-$22,776
Occupancy-$21,782-$21,782
Insurance-$13,782-$13,782
Other Expenses$11,908$29,097-$11,908
Pension Plan Contributions$10,302--$10,302
Fees for Services Accounting-$7,000-$7,000
Travel-$1,525-$1,525
Conferences and Meetings$1,122--$1,122
Total Functional Expenses$582,768$178,968$6,985$768,721

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$768,721
Total Expenses per Audited Statements$768,721
Total Expenses per Form 990$768,721
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
Other Liabilities$5,510
Payroll Taxes Payable$312
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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, Page 6, Part VI, Line 11B

Independent auditor who prepared audited finanical statments and form 990 provided a detailed presentation of the audited financial statements and form 990 to the board.

Form 990, Page 6, Part VI, Line 12C

Any disclosure of a conflict of interest is reviewed by board

Form 990, Page 6, Part VI, Line 15A

Directors salary is reviewed and determined by the board using comparable data and contemporaneous substantiation of the decision.

Form 990, Page 6, Part VI, Line 15B

Compensation process for other officers or key employees is reviewed and determined by the board using comparable data and contemporaneous substantiation of the decision.

Form 990, Page 6, Part VI, Line 19

All governing documents will be made public upon written request.

Filing and Contact Details

Filer

Filer Name
Quogue Free Library Inc
EIN
11-2123274
Address
PO BOX 5036, QUOGUE, NY 11959

Signing Officer

Name
Lynda Confessore
Title
President
Signed
2015-05-13

Organization Details

Principal Officer
Cristina Kepner
Formed
1896
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
9
Employees
19

Preparer

Firm
Banducci Katz & Ferraris Llp
Address
PO BOX 1168 - 108 MAIN STREET, SAG HARBOR, NY 11963
Preparer
Gregory Ferraris
Phone
6317250145
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt0474013
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0199989
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IRS990ScheduleD/ExpensesSubtotalAmt0768721
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt040204
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IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt022620
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt022620
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05510
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1312
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL TAXES PAYABLE
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0INDEPENDENT AUDITOR WHO PREPARED AUDITED FINANICAL STATMENTS AND FORM 990 PROVIDED A DETAILED PRESENTATION OF THE AUDITED FINANCIAL STATEMENTS AND FORM 990 TO THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANY DISCLOSURE OF A CONFLICT OF INTEREST IS REVIEWED BY BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DIRECTORS SALARY IS REVIEWED AND DETERMINED BY THE BOARD USING COMPARABLE DATA AND CONTEMPORANEOUS SUBSTANTIATION OF THE DECISION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION PROCESS FOR OTHER OFFICERS OR KEY EMPLOYEES IS REVIEWED AND DETERMINED BY THE BOARD USING COMPARABLE DATA AND CONTEMPORANEOUS SUBSTANTIATION OF THE DECISION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL GOVERNING DOCUMENTS WILL BE MADE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalRevenueGrp/ExclusionAmt09140
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IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01678101
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01761755
IRS990/TravelGrp/ManagementAndGeneralAmt01525
IRS990/TravelGrp/TotalAmt01525
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0967929
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01015402
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0QUOGUE FREE LIBRARY INC
IRS990/USAddress/CityNm0QUOGUE
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011959
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0QUOGUELIBRARY.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/PersonNm0LYNDA CONFESSORE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.36$1.62$7.74$1.66$1.70$0.03
2023Detailed filing. Detailed filing data is available for this year.$9.47$1.70$7.77$1.48$1.63$0.14
2022Detailed filing. Detailed filing data is available for this year.$9.69$1.78$7.91$1.41$1.62$0.21
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.2$2.13$8.12$1.68$1.00$0.69
2020Detailed filing. Detailed filing data is available for this year.$9.38$1.95$7.43$1.60$0.86$0.74
2019Detailed filing. Detailed filing data is available for this year.$7.48$0.79$6.69$5.06$1.11$3.95
2018Detailed filing. Detailed filing data is available for this year.$2.88$0.14$2.74$1.83$0.93$0.91
2017Summary only. Only limited summary data is available for this year.$1.85$0.02$1.83$0.43$0.42$0.01
2016Detailed filing. Detailed filing data is available for this year.$1.82$0.01$1.81$0.89$0.85$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.79$0.02$1.77$0.90$0.88$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.76$0.02$1.75$0.85$0.77$0.08
2013Detailed filing. Detailed filing data is available for this year.$1.68$0.01$1.67$0.81$0.73$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.60$0.02$1.58$0.69
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.52$0.01$1.51$0.67