Civic Intelligence

Tappan Free Library

990 • Fiscal year 2015 • EIN 13-1974005

Jan 01, 2015 to Dec 31, 2015 • Filed on Aug 12, 2016

Refreshing map…

93 Main StreetTappan, NY 10983

(845) 359-3877

Siviq Scores

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

Liabilities / Assets

61st percentile

0.20x

Higher debt load relative to assets than 61% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

85th percentile

1.08x

Higher debt load relative to revenue than 85% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

73rd percentile

14%

Higher net margin than 73% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

68th percentile

$97,039

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 12.9% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

62nd percentile

4.1%

Faster asset growth than 62% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

18th percentile

-14%

Faster revenue growth than 18% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$4,027,023

Up $157,203 (+4.1%) from 2014

Net Assets

Up

$3,220,916

Up $104,859 (+3.4%) from 2014

Liabilities

Up

$806,107

Up $52,344 (+6.9%) from 2014

Revenue

Down

$749,345

Down $125,950 (-14%) from 2014

Expenses

Up

$644,486

Up $32,481 (+5.3%) from 2014

Net Income

Down

$104,859

Down $158,431 (-60%) from 2014

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $2,756,693Liabilities 2011: $28,646Net Assets 2011: $2,728,0472011Assets 2012: $2,560,326Liabilities 2012: $23,960Net Assets 2012: $2,536,3662012Assets 2013: $2,876,755Liabilities 2013: $23,988Net Assets 2013: $2,852,7672013Assets 2014: $3,869,820Liabilities 2014: $753,763Net Assets 2014: $3,116,0572014Assets 2015: $4,027,023Liabilities 2015: $806,107Net Assets 2015: $3,220,9162015Assets 2016: $3,907,642Liabilities 2016: $697,900Net Assets 2016: $3,209,7422016Assets 2017: $3,805,296Liabilities 2017: $509,631Net Assets 2017: $3,295,6652017Assets 2018: $3,800,509Liabilities 2018: $413,207Net Assets 2018: $3,387,3022018Assets 2019: $3,750,367Liabilities 2019: $300,478Net Assets 2019: $3,449,8892019Assets 2020: $3,831,056Liabilities 2020: $212,837Net Assets 2020: $3,618,2192020Assets 2021: $3,727,151Liabilities 2021: $34,303Net Assets 2021: $3,692,8482021Assets 2022: $3,793,235Liabilities 2022: $40,389Net Assets 2022: $3,752,8462022Assets 2023: $3,833,715Liabilities 2023: $36,822Net Assets 2023: $3,796,8932023Assets 2024: $3,828,809Liabilities 2024: $58,269Net Assets 2024: $3,770,5402024

Highlighted filing

2015

Assets$4,027,023
Liabilities$806,107
Net Assets$3,220,916

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $1,003,070Expenses 2011: $650,156Net Income 2011: $352,9142011Expenses 2012: $651,7292012Revenue 2013: $919,430Expenses 2013: $603,029Net Income 2013: $316,4012013Revenue 2014: $875,295Expenses 2014: $612,005Net Income 2014: $263,2902014Revenue 2015: $749,345Expenses 2015: $644,486Net Income 2015: $104,8592015Revenue 2016: $750,847Expenses 2016: $762,021Net Income 2016: -$11,1742016Revenue 2017: $855,903Expenses 2017: $769,980Net Income 2017: $85,9232017Revenue 2018: $857,276Expenses 2018: $765,639Net Income 2018: $91,6372018Revenue 2019: $860,452Expenses 2019: $797,865Net Income 2019: $62,5872019Revenue 2020: $882,584Expenses 2020: $714,254Net Income 2020: $168,3302020Revenue 2021: $849,875Expenses 2021: $775,246Net Income 2021: $74,6292021Revenue 2022: $913,904Expenses 2022: $853,906Net Income 2022: $59,9982022Revenue 2023: $913,358Expenses 2023: $869,311Net Income 2023: $44,0472023Revenue 2024: $935,931Expenses 2024: $953,784Net Income 2024: -$17,8532024

Highlighted filing

2015

Revenue$749,345
Expenses$644,486
Net Income$104,859
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 12, 2016
Return Version
2015v2.1
Gross Receipts
$749,345
Mission and Program Overview

Mission

FREE ASSOCIATION LIBRARY

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$343,336$3,578,318▲ $3,234,982
Savings and Temporary Cash Investments$622,668$375,523▼ $247,145
Cash and Non-Interest-Bearing Accounts$35,228$57,916▲ $22,688
Prepaid Expenses and Deferred Charges$9,988$15,266▲ $5,278
Accounts Receivable$7,267$0▼ $7,267
Total Assets$3,869,820$4,027,023▲ $157,203
Other Assets Total$2,851,333$0▼ $2,851,333
Liabilities
Mortgage Notes Payable Secured by Investment Property$549,814$750,000▲ $200,186
Accounts Payable and Accrued Expenses$203,949$56,107▼ $147,842
Total Liabilities$753,763$806,107▲ $52,344
Net Assets / Fund Balance
Unrestricted Net Assets$2,824,651$3,122,047▲ $297,396
Temporarily Rstr Net Assets$291,406$98,869▼ $192,537
Total Net Assets Fund Balance$3,116,057$3,220,916▲ $104,859
Total Liabilities and Net Assets / Fund Balance$3,869,820$4,027,023▲ $157,203

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,553,318$514,037$4,067,355
Other Land Buildings$0$126,997$126,997
Land$25,000-$25,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Sara NugentDirectorFT$97,039$97,039

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Montana ContractingConstruction Management175 ROUTE 9W NORTH, Congers, NY 10920$345,570
Revenue and Support

Revenue Composition

Contributions and Grants
$740,678
Program Service Revenue
$0
Investment Income
$882
Other Revenue
$7,785
All Other Contributions
$20,620
Change in Net Assets
$104,859

Audited Revenue Reconciliation

Revenue per Audited Statements
$749,345
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$749,345
Total Revenue per Form 990
$749,345
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$396,625
Other Expenses$247,861
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$337,295--$337,295
Depreciation Depletion$39,037--$39,037
Payroll Taxes$30,722--$30,722
Other Employee Benefits$28,608--$28,608
Fees for Services Legal-$24,105-$24,105
Insurance-$20,530-$20,530
Information Technology$19,739--$19,739
All Other Expenses$13,964--$13,964
Occupancy-$12,000-$12,000
Other Expenses$9,351$14,872-$9,351
Office Expenses-$6,836-$6,836
Total Functional Expenses$542,588$101,898$0$644,486

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$644,486
Total Expenses per Audited Statements$644,486
Total Expenses per Form 990$644,486
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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 11

Review the 990 with the finance and budget committee. The 990 is then provided to and reviewed by all board members.

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

All directors & officers are required to review and sign off on the organization's conflict of interest policy annually.

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

The personnel committee relies on compensation at comparable organizations to review and document salary of directors.

Form 990, Part VI, Section C, Line 18

Form 990 is made available to the public upon request and is available at the library's business office.

Form 990, Part VI, Section C, Line 19

All documents are available at the library's business office.

Filing and Contact Details

Filer

Filer Name
Tappan Free Library
EIN
13-1974005
Phone
8453593877
Address
93 MAIN STREET, TAPPAN, NY 10983

Signing Officer

Name
William S Sheridan
Title
Treasurer
Phone
8453593877
Signed
2016-08-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William S Sheridan
Formed
1967
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
21
Volunteers
0

Preparer

Firm
Korn Rosenbaum Llp
Address
26 FIREMENS MEMORIAL DR STE 110, POMONA, NY 10970
Preparer
David Wemmer
Phone
8453544646
Raw XML AppendixShowing 400 of 401 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt044990
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt044899
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt044077
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt044959
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt044909
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0223834
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.95060
IRS990ScheduleA/PublicSupportPY170Pct00.95260
IRS990ScheduleA/PublicSupportTotal170Amt04305681
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt0675068
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt0675068
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt0750075
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt0833417
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt0833417
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt03767045
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0695688
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0820180
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0860724
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0990633
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0938456
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04305681
IRS990ScheduleA/TotalSupportAmt04529515
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03553318
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0514037
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04067355
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0644486
IRS990ScheduleD/LandGrp/BookValueAmt025000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt025000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0126997
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0126997
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0749345
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03578318
IRS990ScheduleD/TotalExpensesPerForm990Amt0644486
IRS990ScheduleD/TotalRevenuePerForm990Amt0749345
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0749345
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0644486
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REVIEW THE 990 WITH THE FINANCE AND BUDGET COMMITTEE. THE 990 IS THEN PROVIDED TO AND REVIEWED BY ALL BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL DIRECTORS & OFFICERS ARE REQUIRED TO REVIEW AND SIGN OFF ON THE ORGANIZATION'S CONFLICT OF INTEREST POLICY ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PERSONNEL COMMITTEE RELIES ON COMPENSATION AT COMPARABLE ORGANIZATIONS TO REVIEW AND DOCUMENT SALARY OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS MADE AVAILABLE TO THE PUBLIC UPON REQUEST AND IS AVAILABLE AT THE LIBRARY'S BUSINESS OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL DOCUMENTS ARE AVAILABLE AT THE LIBRARY'S BUSINESS OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
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/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0291406
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt098869
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03869820
IRS990/TotalAssetsEOYAmt04027023
IRS990/TotalAssetsGrp/BOYAmt03869820
IRS990/TotalAssetsGrp/EOYAmt04027023
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0740678
IRS990/TotalEmployeeCnt021
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0101898
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0542588
IRS990/TotalFunctionalExpensesGrp/TotalAmt0644486
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0753763
IRS990/TotalLiabilitiesEOYAmt0806107
IRS990/TotalLiabilitiesGrp/BOYAmt0753763
IRS990/TotalLiabilitiesGrp/EOYAmt0806107
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03116057
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03220916
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0542588
IRS990/TotalReportableCompFromOrgAmt097039
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt08667
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0749345
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03869820
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04027023
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02824651
IRS990/UnrestrictedNetAssetsGrp/EOYAmt03122047
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt093 MAIN STREET
IRS990/USAddress/CityNm0TAPPAN
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010983
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.TAPLIB.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-12-15 16:53:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0WILLIAM S SHERIDAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08453593877
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-08-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TAPPAN FREE LIBRARY
ReturnHeader/Filer/BusinessNameControlTxt0TAPP
ReturnHeader/Filer/EIN0131974005
ReturnHeader/Filer/PhoneNum08453593877
ReturnHeader/Filer/USAddress/AddressLine1Txt093 MAIN STREET
ReturnHeader/Filer/USAddress/CityNm0TAPPAN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010983
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0132839140
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KORN ROSENBAUM LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt026 FIREMENS MEMORIAL DR STE 110
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0POMONA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010970
ReturnHeader/PreparerPersonGrp/PhoneNum08453544646
ReturnHeader/PreparerPersonGrp/PreparationDt02016-08-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID WEMMER
ReturnHeader/ReturnTs02016-08-30T09:16:03-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.83$0.06$3.77$0.94$0.95$0.02
2023Detailed filing. Detailed filing data is available for this year.$3.83$0.04$3.80$0.91$0.87$0.04
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.79$0.04$3.75$0.91$0.85$0.06
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.73$0.03$3.69$0.85$0.78$0.07
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.83$0.21$3.62$0.88$0.71$0.17
2019Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$3.75$0.30$3.45$0.86$0.80$0.06
2018Detailed filing. Detailed filing data is available for this year.$3.80$0.41$3.39$0.86$0.77$0.09
2017Detailed filing. Detailed filing data is available for this year.$3.81$0.51$3.30$0.86$0.77$0.09
2016Detailed filing. Detailed filing data is available for this year.$3.91$0.70$3.21$0.75$0.76$0.01
2015Detailed filing. Detailed filing data is available for this year.$4.03$0.81$3.22$0.75$0.64$0.10
2014Detailed filing. Detailed filing data is available for this year.$3.87$0.75$3.12$0.88$0.61$0.26
2013Detailed filing. Detailed filing data is available for this year.$2.88$0.02$2.85$0.92$0.60$0.32
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.56$0.02$2.54$0.65
2011Summary only. Only limited summary data is available for this year.$2.76$0.03$2.73$1.00$0.65$0.35