Civic Intelligence

Putnam Valley Free Library

990 • Fiscal year 2019 • EIN 14-1495553

Jan 01, 2019 to Dec 31, 2019 • Filed on Sep 13, 2020

30 Oscawana Lake RoadPutnam Valley, NY 10579

(845) 528-3242

Siviq Scores

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

Liabilities / Assets

44th percentile

0.02x

Higher debt load relative to assets than 44% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

53rd percentile

0.04x

Higher debt load relative to revenue than 53% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

32nd percentile

-2.7%

Higher net margin than 32% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

68th percentile

$54,623

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 12.8% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

37th percentile

-0.7%

Faster asset growth than 37% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

39th percentile

-0.7%

Faster revenue growth than 39% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Down

$935,603

Down $6,372 (-0.7%) from 2018

Net Assets

Down

$919,875

Down $11,633 (-1.2%) from 2018

Liabilities

Up

$15,728

Up $5,261 (+50%) from 2018

Revenue

Down

$425,800

Down $2,875 (-0.7%) from 2018

Expenses

Up

$437,433

Up $8,961 (+2.1%) from 2018

Net Income

Down

-$11,633

Down $11,836 (-5831%) from 2018

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: $790,476Liabilities 2011: $21,058Net Assets 2011: $769,4182011Assets 2012: $821,287Liabilities 2012: $22,538Net Assets 2012: $798,7492012Assets 2013: $838,762Liabilities 2013: $10,631Net Assets 2013: $828,1312013Assets 2014: $836,999Liabilities 2014: $17,875Net Assets 2014: $819,1242014Assets 2015: $872,460Liabilities 2015: $54,388Net Assets 2015: $818,0722015Assets 2016: $943,040Liabilities 2016: $45,581Net Assets 2016: $897,4592016Assets 2017: $973,652Liabilities 2017: $39,797Net Assets 2017: $933,8552017Assets 2018: $941,975Liabilities 2018: $10,467Net Assets 2018: $931,5082018Assets 2019: $935,603Liabilities 2019: $15,728Net Assets 2019: $919,8752019Assets 2020: $939,463Liabilities 2020: $52,689Net Assets 2020: $886,7742020Assets 2021: $888,931Liabilities 2021: $10,073Net Assets 2021: $878,8582021Assets 2022: $856,062Liabilities 2022: $63,297Net Assets 2022: $792,7652022Assets 2023: $1,051,696Liabilities 2023: $259,938Net Assets 2023: $791,7582023Assets 2024: $936,000Liabilities 2024: $69,678Net Assets 2024: $866,3222024Assets 2025: $971,212Liabilities 2025: $66,681Net Assets 2025: $904,5312025

Highlighted filing

2019

Assets$935,603
Liabilities$15,728
Net Assets$919,875

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2011: $344,521Expenses 2011: $362,385Net Income 2011: -$17,8642011Revenue 2012: $339,493Expenses 2012: $310,162Net Income 2012: $29,3312012Revenue 2013: $373,210Expenses 2013: $343,828Net Income 2013: $29,3822013Revenue 2014: $350,475Expenses 2014: $359,482Net Income 2014: -$9,0072014Revenue 2015: $368,225Expenses 2015: $369,277Net Income 2015: -$1,0522015Revenue 2016: $422,336Expenses 2016: $342,949Net Income 2016: $79,3872016Revenue 2017: $421,300Expenses 2017: $384,900Net Income 2017: $36,4002017Revenue 2018: $428,675Expenses 2018: $428,472Net Income 2018: $2032018Revenue 2019: $425,800Expenses 2019: $437,433Net Income 2019: -$11,6332019Revenue 2020: $437,338Expenses 2020: $470,439Net Income 2020: -$33,1012020Revenue 2021: $466,848Expenses 2021: $474,764Net Income 2021: -$7,9162021Revenue 2022: $407,286Expenses 2022: $492,741Net Income 2022: -$85,4552022Revenue 2023: $247,434Expenses 2023: $248,441Net Income 2023: -$1,0072023Revenue 2024: $639,593Expenses 2024: $565,029Net Income 2024: $74,5642024Revenue 2025: $604,200Expenses 2025: $598,453Net Income 2025: $5,7472025

Highlighted filing

2019

Revenue$425,800
Expenses$437,433
Net Income-$11,633
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Sep 13, 2020
Return Version
2019v5.0
Gross Receipts
$425,800
Mission and Program Overview

Mission

Provide Library Services

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$517,277$457,579▼ $59,698
Cash and Non-Interest-Bearing Accounts$258,096$287,182▲ $29,086
Savings and Temporary Cash Investments$22,105$15,573▼ $6,532
Prepaid Expenses and Deferred Charges-$6,426-
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$941,974$935,603▼ $6,371
Other Assets Total$144,496$168,843▲ $24,347
Liabilities
Accounts Payable and Accrued Expenses$10,466$15,728▲ $5,262
Total Liabilities$10,466$15,728▲ $5,262
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$931,508$919,875▼ $11,633
Total Net Assets Fund Balance$931,508$919,875▼ $11,633
Total Liabilities and Net Assets / Fund Balance$941,974$935,603▼ $6,371

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$438,026$852,712$1,290,738
Other Land Buildings$7,772$132,697$140,469
Equipment$1,781$51,418$53,199
Buildings-$37,000$37,000
Land$10,000-$10,000
Other Assets Org$2--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Dede FarabaughDirectorFT$54,623$54,623

Board Members and Trustees

NameTitle
Terry RaskynPresident
Priscilla KereseyVice President
Anthony WilliamsTrustee
Diane MalekTrustee
Faith OlandTrustee
Janet DolotTrustee
Jerry OlandTrustee
Leslie MartinTrustee
Arlene RubinsteinSecretary
Gail BennettTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$387,373
Program Service Revenue
$20,310
Investment Income
$18,117
Other Revenue
$0
All Other Contributions
$33,004
Change in Net Assets
$-11,633
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$235,958
Other Expenses$201,475
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$133,497$27,108-$160,605
Depreciation Depletion-$59,698-$59,698
Current Officers, Directors, Trustees, and Key Employees-$54,623-$54,623
All Other Expenses$4,388$35,795-$40,183
Payroll Taxes$13,881$6,252-$20,133
Other Expenses$12,585$13,597-$12,585
Insurance-$9,904-$9,904
Information Technology$8,124--$8,124
Fees for Services Accounting-$2,450-$2,450
Office Expenses-$2,329-$2,329
Advertising$1,125--$1,125
Other Employee Benefits$597--$597
Fees for Services Legal-$363-$363
Conferences and Meetings-$355-$355
Fees for Services Other-$-276-$-276
Total Functional Expenses$205,005$232,428$0$437,433
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-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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

Tax Return is distributed to the Board for review prior to being filed.

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

Upon request and with Board approval

Filing and Contact Details

Filer

Filer Name
Putnam Valley Free Library
EIN
14-1495553
Phone
8455283242
Address
30 Oscawana Lake Road, Putnam Valley, NY 10579

Signing Officer

Name
Terry Raskyn
Title
President, Board
Signed
2020-09-13
Discuss with paid preparer
Yes

Organization Details

Formed
1967
Legal Domicile
Ny
Voting Board Members
10
Independent Board Members
0
Employees
17

Preparer

Firm
OfficeTasks
Address
30 Brook Street First Floor, Croton on Hudson, NY 10520
Preparer
T J Monahan
Phone
9144613401
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IRS990/OtherExpensesGrp/ProgramServicesAmt030808
IRS990/OtherExpensesGrp/ProgramServicesAmt112585
IRS990/OtherExpensesGrp/TotalAmt030808
IRS990/OtherExpensesGrp/TotalAmt120230
IRS990/OtherExpensesGrp/TotalAmt213597
IRS990/OtherExpensesGrp/TotalAmt312585
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt027108
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0133497
IRS990/OtherSalariesAndWagesGrp/TotalAmt0160605
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06252
IRS990/PayrollTaxesGrp/ProgramServicesAmt013881
IRS990/PayrollTaxesGrp/TotalAmt020133
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06426
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Fax
IRS990/ProgramServiceRevenueGrp/Desc1Fines
IRS990/ProgramServiceRevenueGrp/Desc2Other
IRS990/ProgramServiceRevenueGrp/Desc3Passport Fees
IRS990/ProgramServiceRevenueGrp/Desc4Programs - Adult
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01207
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13551
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21542
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt34800
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt46237
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01207
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13551
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21542
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt34800
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt46237
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0417492
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0-6961
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0216021
IRS990/PYProgramServiceRevenueAmt018144
IRS990/PYRevenuesLessExpensesAmt0203
IRS990/PYSalariesCompEmpBnftPaidAmt0212451
IRS990/PYTotalExpensesAmt0428472
IRS990/PYTotalRevenueAmt0428675
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-11633
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt022105
IRS990/SavingsAndTempCashInvstGrp/EOYAmt015573
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt053639
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt090718
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt082352
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt078380
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt046401
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0351490
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt018117
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0-6962
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt02707
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt03227
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0-231
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt016858
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99180
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt02049478
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt0354044
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt0344919
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt0336241
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt0340729
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt0322055
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt01697988
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0407683
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0435637
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0418593
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0419109
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0368456
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02049478
IRS990ScheduleA/TotalSupportAmt02066336
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/DepreciationAmt037000
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt037000
IRS990ScheduleD/EquipmentGrp/BookValueAmt01781
IRS990ScheduleD/EquipmentGrp/DepreciationAmt051418
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt053199
IRS990ScheduleD/LandGrp/BookValueAmt010000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt010000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0438026
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0852712
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01290738
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Rounding
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt07772
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0132697
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0140469
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0457579
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0168843
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Tax Return is distributed to the Board for review prior to being filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Upon request and with Board approval
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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0941974
IRS990/TotalAssetsEOYAmt0935603
IRS990/TotalAssetsGrp/BOYAmt0941974
IRS990/TotalAssetsGrp/EOYAmt0935603
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0387373
IRS990/TotalEmployeeCnt017
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0232428
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0205005

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.97$0.07$0.90$0.60$0.60$0.01
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.94$0.07$0.87$0.64$0.57$0.07
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.05$0.26$0.79$0.25$0.25$0.00
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.86$0.06$0.79$0.41$0.49$0.09
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.89$0.01$0.88$0.47$0.47$0.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.94$0.05$0.89$0.44$0.47$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.94$0.02$0.92$0.43$0.44$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.94$0.01$0.93$0.43$0.43$0.00
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.97$0.04$0.93$0.42$0.38$0.04
2016Summary only. Only limited summary data is available for this year.$0.94$0.05$0.90$0.42$0.34$0.08
2015Summary only. Only limited summary data is available for this year.$0.87$0.05$0.82$0.37$0.37$0.00
2014Summary only. Only limited summary data is available for this year.$0.84$0.02$0.82$0.35$0.36$0.01
2013Summary only. Only limited summary data is available for this year.$0.84$0.01$0.83$0.37$0.34$0.03
2012Summary only. Only limited summary data is available for this year.$0.82$0.02$0.80$0.34$0.31$0.03
2011Summary only. Only limited summary data is available for this year.$0.79$0.02$0.77$0.34$0.36$0.02