Civic Intelligence

Palisades Free Library

990 • Fiscal year 2020 • EIN 13-1740017

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 16, 2021

Refreshing map…

19 Closter RoadPalisades, NY 10964

(845) 359-0136

Siviq Scores

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

Liabilities / Assets

58th percentile

0.08x

Higher debt load relative to assets than 58% of similar nonprofits.

2020 filings • NTEE B • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

66th percentile

0.15x

Higher debt load relative to revenue than 66% of similar nonprofits.

2020 filings • NTEE B • $500k-$1M nonprofits • Source year 2020

Net Margin

37th percentile

0.1%

Higher net margin than 37% of similar nonprofits.

2020 filings • NTEE B • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

88th percentile

$96,688

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 20.6% of source-year revenue.

2020 filings • NTEE B • $500k-$1M nonprofits • Source year 2020

Asset Growth

56th percentile

11%

Faster asset growth than 56% of similar nonprofits.

2020 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

53rd percentile

-1.2%

Faster revenue growth than 53% of similar nonprofits.

2020 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$891,773

Up $86,848 (+11%) from 2019

Net Assets

Up

$822,386

Up $17,461 (+2.2%) from 2019

Liabilities

Up

$69,387

Up $69,387 from 2019

Revenue

Down

$468,434

Down $5,770 (-1.2%) from 2019

Expenses

Down

$467,849

Down $22,063 (-4.5%) from 2019

Net Income

Up

$585

Up $16,293 (+104%) from 2019

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2011: $749,579Liabilities 2011: $1,056Net Assets 2011: $748,5232011Assets 2012: $796,504Liabilities 2012: $2,650Net Assets 2012: $793,8542012Assets 2013: $920,901Liabilities 2013: $16,869Net Assets 2013: $904,0322013Assets 2014: $878,598Liabilities 2014: $11,714Net Assets 2014: $866,8842014Assets 2015: $859,560Liabilities 2015: $2,100Net Assets 2015: $857,4602015Assets 2016: $859,056Liabilities 2016: $15,379Net Assets 2016: $843,6772016Assets 2017: $864,776Liabilities 2017: $12,601Net Assets 2017: $852,1752017Assets 2018: $827,583Liabilities 2018: $9,579Net Assets 2018: $818,0042018Assets 2019: $804,925Liabilities 2019: $0Net Assets 2019: $804,9252019Assets 2020: $891,773Liabilities 2020: $69,387Net Assets 2020: $822,3862020Assets 2021: $881,091Liabilities 2021: $0Net Assets 2021: $881,0912021Assets 2022: $896,245Liabilities 2022: $0Net Assets 2022: $896,2452022Assets 2023: $880,130Liabilities 2023: $0Net Assets 2023: $880,1302023Assets 2024: $887,735Liabilities 2024: $4,620Net Assets 2024: $883,1152024

Highlighted filing

2020

Assets$891,773
Liabilities$69,387
Net Assets$822,386

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2011: $527,833Expenses 2011: $518,914Net Income 2011: $8,9192011Expenses 2012: $502,5342012Revenue 2013: $609,681Expenses 2013: $511,028Net Income 2013: $98,6532013Revenue 2014: $445,677Expenses 2014: $482,825Net Income 2014: -$37,1482014Revenue 2015: $462,854Expenses 2015: $472,278Net Income 2015: -$9,4242015Revenue 2016: $459,461Expenses 2016: $473,244Net Income 2016: -$13,7832016Revenue 2017: $497,114Expenses 2017: $488,616Net Income 2017: $8,4982017Revenue 2018: $480,535Expenses 2018: $514,221Net Income 2018: -$33,6862018Revenue 2019: $474,204Expenses 2019: $489,912Net Income 2019: -$15,7082019Revenue 2020: $468,434Expenses 2020: $467,849Net Income 2020: $5852020Revenue 2021: $560,603Expenses 2021: $501,897Net Income 2021: $58,7062021Revenue 2022: $532,423Expenses 2022: $517,389Net Income 2022: $15,0342022Revenue 2023: $515,545Expenses 2023: $531,660Net Income 2023: -$16,1152023Revenue 2024: $583,338Expenses 2024: $580,353Net Income 2024: $2,9852024

Highlighted filing

2020

Revenue$468,434
Expenses$467,849
Net Income$585
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 16, 2021
Return Version
2020v4.0
Gross Receipts
$468,434
Mission and Program Overview

Mission

The palisades library enjoys a unique relationship with the hamlet of palisades as a vibrant cultural landmark. The library's mission is to promote, support and sustain this relationship through its work as a public resource for education, information and enlightenment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$445,890$420,251▼ $25,639
Savings and Temporary Cash Investments$103,400$330,176▲ $226,776
Cash and Non-Interest-Bearing Accounts$251,257$99,566▼ $151,691
Prepaid Expenses and Deferred Charges$4,378$41,780▲ $37,402
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 Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$804,925$891,773▲ $86,848
Other Assets Total-$0-
Liabilities
Other Liabilities-$69,387-
Total Liabilities$0$69,387▲ $69,387
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$701,525$803,645▲ $102,120
Net Assets With Donor Restrictions$103,400$18,741▼ $84,659
Total Net Assets Fund Balance$804,925$822,386▲ $17,461
Total Liabilities and Net Assets / Fund Balance$804,925$891,773▲ $86,848

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$348,569$136,743$485,312
Buildings$65,388$84,612$150,000
Other Land Buildings$484$115,759$116,243
Equipment$5,810$19,184$24,994
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Maria GaliardiExecutive DirectorFT$96,688$96,688

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$462,754
Program Service Revenue
$570
Investment Income
$5,110
Other Revenue
$0
All Other Contributions
$13,196
Change in Net Assets
$585
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$320,969
Other Expenses$146,880
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$113,069$62,270-$175,339
Current Officers, Directors, Trustees, and Key Employees$77,350$19,338-$96,688
Other Employee Benefits$20,014$8,863-$28,877
Depreciation Depletion$25,639--$25,639
Payroll Taxes$14,246$5,819-$20,065
Fees for Services Other$13,041$5,589-$18,630
Insurance$6,162$2,640-$8,802
All Other Expenses$6,119$2,623-$8,742
Other Expenses$4,264$1,827-$6,091
Office Expenses$753$323-$1,076
Total Functional Expenses$350,154$117,695$0$467,849
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
Deferred Revenue$69,387
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
No
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, Line 11B: Form 990 Review Process

Form 990 is made available to all board members prior to the filing of the 990.

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

All documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Palisades Free Library
EIN
13-1740017
Phone
8453590136
Address
19 CLOSTER ROAD, PALISADES, NY 10964

Signing Officer

Name
Maria Gagliardi
Title
Executive Director
Signed
2021-08-16
Discuss with paid preparer
Yes

Organization Details

Formed
1947
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
9
Employees
15
Volunteers
2

Preparer

Firm
Rrc Cpas Pc
Address
100 DUTCH HILL RD SUITE 210, ORANGEBURG, NY 10962
Preparer
Stephen R Russo CPA
Phone
8456248071
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

Employee retention credit = $19930

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IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DIRECTOR
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IRS990/OtherExpensesGrp/Desc3TELEPHONE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06215
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12188
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21827
IRS990/OtherExpensesGrp/ProgramServicesAmt049889
IRS990/OtherExpensesGrp/ProgramServicesAmt114502
IRS990/OtherExpensesGrp/ProgramServicesAmt25106
IRS990/OtherExpensesGrp/ProgramServicesAmt34264
IRS990/OtherExpensesGrp/TotalAmt049889
IRS990/OtherExpensesGrp/TotalAmt120717
IRS990/OtherExpensesGrp/TotalAmt27294
IRS990/OtherExpensesGrp/TotalAmt36091
IRS990/OtherLiabilitiesGrp/EOYAmt069387
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt062270
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0113069
IRS990/OtherSalariesAndWagesGrp/TotalAmt0175339
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05819
IRS990/PayrollTaxesGrp/ProgramServicesAmt014246
IRS990/PayrollTaxesGrp/TotalAmt020065
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04378
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt041780
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0LIBRARY FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0570
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0570
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0467489
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt03773
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0157239
IRS990/PYProgramServiceRevenueAmt02942
IRS990/PYRevenuesLessExpensesAmt0-15708
IRS990/PYSalariesCompEmpBnftPaidAmt0332673
IRS990/PYTotalExpensesAmt0489912
IRS990/PYTotalRevenueAmt0474204
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0585
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0103400
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0330176
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt013196
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt017760
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt019775
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt016078
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt012197
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt079006
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt05110
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt03773
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt06558
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt02665
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01606
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt019712
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0570
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt02942
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt04521
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt021180
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt02098
IRS990ScheduleA/OtherIncome170Grp/TotalAmt031311
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.97850
IRS990ScheduleA/PublicSupportPY170Pct00.97930
IRS990ScheduleA/PublicSupportTotal170Amt02320320
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt0449558
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt0449729
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt0449681
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt0453162
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt0439184
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt02241314
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0462754
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0467489
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0469456
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0469240
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0451381
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02320320
IRS990ScheduleA/TotalSupportAmt02371343
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt065388
IRS990ScheduleD/BuildingsGrp/DepreciationAmt084612
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0150000
IRS990ScheduleD/EquipmentGrp/BookValueAmt05810
IRS990ScheduleD/EquipmentGrp/DepreciationAmt019184
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt024994
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0348569
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0136743
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0485312
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0484
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0115759
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0116243
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt069387
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED REVENUE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0420251
IRS990ScheduleD/TotalLiabilityAmt069387
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS MADE AVAILABLE TO ALL BOARD MEMBERS PRIOR TO THE FILING OF THE 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EMPLOYEE RETENTION CREDIT = $19930
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0804925
IRS990/TotalAssetsEOYAmt0891773
IRS990/TotalAssetsGrp/BOYAmt0804925
IRS990/TotalAssetsGrp/EOYAmt0891773
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0462754
IRS990/TotalEmployeeCnt015
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0117695
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0350154
IRS990/TotalFunctionalExpensesGrp/TotalAmt0467849
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt069387

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.88$0.05$8.83$5.83$5.80$0.03
2023Detailed filing. Detailed filing data is available for this year.$8.80$0.00$8.80$5.16$5.32$0.16
2022Detailed filing. Detailed filing data is available for this year.$8.96$0.00$8.96$5.32$5.17$0.15
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.81$0.00$8.81$5.61$5.02$0.59
2020Detailed filing. Detailed filing data is available for this year.$8.92$0.69$8.22$4.68$4.68$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.05$0.00$8.05$4.74$4.90$0.16
2018Detailed filing. Detailed filing data is available for this year.$8.28$0.10$8.18$4.81$5.14$0.34
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.65$0.13$8.52$4.97$4.89$0.08
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.59$0.15$8.44$4.59$4.73$0.14
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.60$0.02$8.57$4.63$4.72$0.09
2014Detailed filing. Detailed filing data is available for this year.$8.79$0.12$8.67$4.46$4.83$0.37
2013Detailed filing. Detailed filing data is available for this year.$9.21$0.17$9.04$6.10$5.11$0.99
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.97$0.03$7.94$5.03
2011Summary only. Only limited summary data is available for this year.$7.50$0.01$7.49$5.28$5.19$0.09