Civic Intelligence

Phoenicia Library Association

990 • Fiscal year 2016 • EIN 14-6013687

Jan 01, 2016 to Dec 31, 2016 • Filed on May 03, 2017

PO Box 555Phoenicia, NY 12464

(845) 338-4444

Siviq Scores

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

Liabilities / Assets

19th percentile

0.00x

Higher debt load relative to assets than 19% of similar nonprofits.

2016 filings • NTEE B • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

26th percentile

0.01x

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

2016 filings • NTEE B • $1M-$5M nonprofits • Source year 2016

Net Margin

5th percentile

-52%

Higher net margin than 5% of similar nonprofits.

2016 filings • NTEE B • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

41st percentile

$41,529

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 25.8% of source-year revenue.

2016 filings • NTEE B • $1M-$5M nonprofits • Source year 2016

Asset Growth

19th percentile

-5.6%

Faster asset growth than 19% of similar nonprofits.

2016 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

10th percentile

-26%

Faster revenue growth than 10% of similar nonprofits.

2016 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$1,414,614

Down $84,159 (-5.6%) from 2015

Net Assets

Down

$1,412,368

Down $84,501 (-5.6%) from 2015

Liabilities

Up

$2,246

Up $342 (+18%) from 2015

Revenue

Down

$161,023

Down $57,650 (-26%) from 2015

Expenses

Up

$245,524

Up $31,569 (+15%) from 2015

Net Income

Down

-$84,501

Down $89,219 (-1891%) from 2015

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $174,887Liabilities 2010: $357Net Assets 2010: $174,5302010Assets 2011: $316,761Liabilities 2011: $757Net Assets 2011: $316,0042011Assets 2012: $885,471Liabilities 2012: $621Net Assets 2012: $884,8502012Assets 2013: $1,350,007Liabilities 2013: $794Net Assets 2013: $1,349,2132013Assets 2014: $1,598,147Liabilities 2014: $105,996Net Assets 2014: $1,492,1512014Assets 2015: $1,498,773Liabilities 2015: $1,904Net Assets 2015: $1,496,8692015Assets 2016: $1,414,614Liabilities 2016: $2,246Net Assets 2016: $1,412,3682016Assets 2017: $1,354,573Liabilities 2017: $5,978Net Assets 2017: $1,348,5952017Assets 2018: $1,278,614Liabilities 2018: $1,077Net Assets 2018: $1,277,5372018Assets 2019: $1,207,573Liabilities 2019: $585Net Assets 2019: $1,206,9882019Assets 2020: $1,181,320Liabilities 2020: $28,139Net Assets 2020: $1,153,1812020Assets 2021: $1,144,039Liabilities 2021: $1,116Net Assets 2021: $1,142,9232021Assets 2022: $1,097,807Liabilities 2022: $699Net Assets 2022: $1,097,1082022Assets 2023: $1,048,014Liabilities 2023: $1,947Net Assets 2023: $1,046,0672023Assets 2024: $1,019,681Liabilities 2024: $1,675Net Assets 2024: $1,018,0062024

Highlighted filing

2016

Assets$1,414,614
Liabilities$2,246
Net Assets$1,412,368

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2010: $105,604Expenses 2010: $110,750Net Income 2010: -$5,1462010Expenses 2011: $120,3392011Expenses 2012: $123,8552012Revenue 2013: $614,956Expenses 2013: $150,593Net Income 2013: $464,3632013Revenue 2014: $298,678Expenses 2014: $155,740Net Income 2014: $142,9382014Revenue 2015: $218,673Expenses 2015: $213,955Net Income 2015: $4,7182015Revenue 2016: $161,023Expenses 2016: $245,524Net Income 2016: -$84,5012016Revenue 2017: $218,380Expenses 2017: $282,153Net Income 2017: -$63,7732017Revenue 2018: $199,426Expenses 2018: $270,484Net Income 2018: -$71,0582018Revenue 2019: $214,532Expenses 2019: $285,081Net Income 2019: -$70,5492019Revenue 2020: $212,606Expenses 2020: $266,413Net Income 2020: -$53,8072020Revenue 2021: $283,938Expenses 2021: $294,196Net Income 2021: -$10,2582021Revenue 2022: $244,223Expenses 2022: $290,038Net Income 2022: -$45,8152022Revenue 2023: $251,549Expenses 2023: $302,590Net Income 2023: -$51,0412023Revenue 2024: $272,975Expenses 2024: $301,036Net Income 2024: -$28,0612024

Highlighted filing

2016

Revenue$161,023
Expenses$245,524
Net Income-$84,501
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 3, 2017
Return Version
2016v3.0
Gross Receipts
$162,124
Mission and Program Overview

Mission

Provide free library services to the residents of the town of shandaken and to members of the assoication regardless of residence. This mission of the phoenicia library assoication is to provide and maintain access to a world of enlightening and educational resources i

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,496,869$1,412,368▼ $84,501
Land, Buildings, and Equipment, Net$1,054,992$979,212▼ $75,780
Savings and Temporary Cash Investments$435,845$435,011▼ $834
Cash and Non-Interest-Bearing Accounts$7,936$391▼ $7,545
Total Assets$1,498,773$1,414,614▼ $84,159
Liabilities
Other Liabilities$1,904$2,246▲ $342
Total Liabilities$1,904$2,246▲ $342
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,496,869$1,412,368▼ $84,501
Total Liabilities and Net Assets / Fund Balance$1,498,773$1,414,614▼ $84,159

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$916,626$87,109$1,003,735
Other Land Buildings$33,748$32,062$65,810
Equipment$6,027$17,341$23,368
Land$22,811-$22,811
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Elizabeth PotterDirectorFT$41,529$41,529

Board Members and Trustees

NameTitle
Bernard HandzelPresident
Bethia WatermanTrustee
Diana HartelTrustee
Mark LernerTrustee
Carol SeitzCorresponding Secretary
Holly George WarrenRecording Secretary
Lester FensterheimTreasurer
Nancy HowellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$155,474
Program Service Revenue
$1,066
Investment Income
$5,246
Other Revenue
$-763
All Other Contributions
$42,321
Change in Net Assets
$-84,501
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$125,219
Salaries, Compensation, and Employee Benefits$118,830
Total Fundraising Expense$2,900
Grants and Similar Amounts Paid$1,475
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$75,779--$75,779
Other Salaries and Wages$65,896--$65,896
Current Officers, Directors, Trustees, and Key Employees$41,529--$41,529
Occupancy-$10,531-$10,531
Payroll Taxes$9,415--$9,415
Fees for Services Accounting-$5,400-$5,400
Office Expenses$2,701$2,007-$4,708
Payments to Affiliates$3,703$383$50$4,136
Other Employee Benefits$1,990--$1,990
Other Expenses$2$36$1,768$1,770
Grants to Domestic Individuals$1,475--$1,475
Conferences and Meetings-$1,135-$1,135
Insurance-$1,050-$1,050
Advertising--$908$908
Information Technology$456$264-$720
Fees for Services Legal-$379-$379
Travel-$128-$128
Total Functional Expenses$221,311$21,313$2,900$245,524
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Kurt BoyerFormer PresidentPurchase of signsNo$107
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Cards Payable$2,127
Sales Tax Payable$119
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
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 governing body review Part VI line 11

A copy of the return is distributed to the board for approval before the treasurer signs the return.

Conflict of interest policy compliance Part VI line 12C

When any new employees or independent contractors are hired, the board discusses any potentional nepotistic relationships.

CEO executive director top management comp Part VI line 15A

The process for compensation of the organizations director includes the boards review through their central library system compensation rates at other libraries within their system in order to give fair compensation.

Governing documents etc available to public Part VI line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Phoenicia Library Association
EIN
14-6013687
Address
PO Box 555, Phoenicia, NY 12464

Signing Officer

Name
Bernard Handzel
Title
President
Phone
8456887811
Signed
2017-05-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bernard Handzel
Formed
1959
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
8
Employees
14
Volunteers
14

Preparer

Firm
OConnor Tax Services
Address
108 N Front Street, Kingston, NY 12401
Preparer
Christopher J OConnor
Phone
8453384444
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IRS990/PYInvestmentIncomeAmt0270
IRS990/PYOtherExpensesAmt0104189
IRS990/PYOtherRevenueAmt02060
IRS990/PYProgramServiceRevenueAmt01044
IRS990/PYRevenuesLessExpensesAmt04718
IRS990/PYSalariesCompEmpBnftPaidAmt0104491
IRS990/PYTotalExpensesAmt0213955
IRS990/PYTotalRevenueAmt0218673
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-84501
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0303
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01496869
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01412368
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0435845
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0435011
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt056945
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt045870
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt044239
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt056024
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt040496
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0243574
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt05246
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0847
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01802
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt03098
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01292
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt012285
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.96860
IRS990ScheduleA/PublicSupportTotal170Amt0703091
IRS990ScheduleA/SubstantialContributorsTotAmt010483
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt094000
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt094000
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt094000
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt094000
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt094000
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt0470000
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0150945
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0139870
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0138239
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0150024
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0134496
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0713574
IRS990ScheduleA/TotalSupportAmt0725859
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0916626
IRS990ScheduleD/BuildingsGrp/DepreciationAmt087109
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01003735
IRS990ScheduleD/EquipmentGrp/BookValueAmt06027
IRS990ScheduleD/EquipmentGrp/DepreciationAmt017341
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt023368
IRS990ScheduleD/LandGrp/BookValueAmt022811
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt022811
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt033748
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt032062
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt065810
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02127
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1119
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Credit Cards Payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Sales Tax Payable
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0979212
IRS990ScheduleD/TotalLiabilityAmt02246
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Lester Fensterheim
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Treasurer
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0Kurt Boyer
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Former President
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0107
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Purchase of signs
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A copy of the return is distributed to the board for approval before the treasurer signs the return.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1When any new employees or independent contractors are hired, the board discusses any potentional nepotistic relationships.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The process for compensation of the organizations director includes the boards review through their central library system compensation rates at other libraries within their system in order to give fair compensation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01498773
IRS990/TotalAssetsEOYAmt01414614
IRS990/TotalAssetsGrp/BOYAmt01498773
IRS990/TotalAssetsGrp/EOYAmt01414614
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0155474
IRS990/TotalEmployeeCnt014
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt02900
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt021313
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0221311
IRS990/TotalFunctionalExpensesGrp/TotalAmt0245524
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01904
IRS990/TotalLiabilitiesEOYAmt02246
IRS990/TotalLiabilitiesGrp/BOYAmt01904
IRS990/TotalLiabilitiesGrp/EOYAmt02246
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01496869
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01412368
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0221311
IRS990/TotalProgramServiceRevenueAmt01066
IRS990/TotalReportableCompFromOrgAmt041529
IRS990/TotalRevenueGrp/ExclusionAmt05246
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0303
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0161023
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt014

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.02$0.00$1.02$0.27$0.30$0.03
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.05$0.00$1.05$0.25$0.30$0.05
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.10$0.00$1.10$0.24$0.29$0.05
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.14$0.00$1.14$0.28$0.29$0.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.18$0.03$1.15$0.21$0.27$0.05
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.21$0.00$1.21$0.21$0.29$0.07
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.28$0.00$1.28$0.20$0.27$0.07
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.35$0.01$1.35$0.22$0.28$0.06
2016Detailed filing. Detailed filing data is available for this year.$1.41$0.00$1.41$0.16$0.25$0.08
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.50$0.00$1.50$0.22$0.21$0.00
2014Detailed filing. Detailed filing data is available for this year.$1.60$0.11$1.49$0.30$0.16$0.14
2013Detailed filing. Detailed filing data is available for this year.$1.35$0.00$1.35$0.61$0.15$0.46
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.89$0.00$0.88$0.12
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.32$0.00$0.32$0.12
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.17$0.00$0.17$0.11$0.11$0.01