Civic Intelligence

Saranac Lake Free Library

990 • Fiscal year 2021 • EIN 15-0539121

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 08, 2022

109 Main StreetSaranac Lake, NY 12983

(518) 891-4190

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.00x

Higher debt load relative to assets than 23% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

26th percentile

0.01x

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

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Net Margin

70th percentile

26%

Higher net margin than 70% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Asset Growth

41st percentile

8.2%

Faster asset growth than 41% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

46th percentile

9.1%

Faster revenue growth than 46% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$2,349,210

Up $177,990 (+8.2%) from 2020

Net Assets

Up

$2,345,055

Up $176,872 (+8.2%) from 2020

Liabilities

Up

$4,155

Up $1,118 (+37%) from 2020

Revenue

Up

$574,512

Up $47,955 (+9.1%) from 2020

Expenses

Down

$424,070

Down $7,524 (-1.7%) from 2020

Net Income

Up

$150,442

Up $55,479 (+58%) from 2020

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $2,012,438Liabilities 2010: $0Net Assets 2010: $2,012,4382010Assets 2011: $1,943,347Liabilities 2011: $0Net Assets 2011: $1,943,3472011Assets 2012: $1,889,303Liabilities 2012: $1,068Net Assets 2012: $1,888,2352012Assets 2013: $1,971,863Liabilities 2013: $7,210Net Assets 2013: $1,964,6532013Assets 2014: $1,927,621Liabilities 2014: $3,506Net Assets 2014: $1,924,1152014Assets 2015: $1,786,882Liabilities 2015: $4,853Net Assets 2015: $1,782,0292015Assets 2016: $1,713,833Liabilities 2016: $183Net Assets 2016: $1,713,6502016Assets 2017: $1,851,957Liabilities 2017: $466Net Assets 2017: $1,851,4912017Assets 2018: $1,794,178Liabilities 2018: $9,717Net Assets 2018: $1,784,4612018Assets 2019: $1,998,916Liabilities 2019: $2,049Net Assets 2019: $1,996,8672019Assets 2020: $2,171,220Liabilities 2020: $3,037Net Assets 2020: $2,168,1832020Assets 2021: $2,349,210Liabilities 2021: $4,155Net Assets 2021: $2,345,0552021Assets 2022: $2,129,382Liabilities 2022: $601Net Assets 2022: $2,128,7812022Assets 2023: $2,504,229Liabilities 2023: $790Net Assets 2023: $2,503,4392023Assets 2024: $2,763,218Liabilities 2024: $2,062Net Assets 2024: $2,761,1562024

Highlighted filing

2021

Assets$2,349,210
Liabilities$4,155
Net Assets$2,345,055

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $319,7922010Expenses 2011: $330,4502011Expenses 2012: $323,4862012Revenue 2013: $300,560Expenses 2013: $353,779Net Income 2013: -$53,2192013Revenue 2014: $419,631Expenses 2014: $379,180Net Income 2014: $40,4512014Revenue 2015: $328,786Expenses 2015: $392,747Net Income 2015: -$63,9612015Revenue 2016: $302,595Expenses 2016: $391,724Net Income 2016: -$89,1292016Revenue 2017: $439,536Expenses 2017: $396,068Net Income 2017: $43,4682017Revenue 2018: $446,967Expenses 2018: $402,052Net Income 2018: $44,9152018Revenue 2019: $471,213Expenses 2019: $415,977Net Income 2019: $55,2362019Revenue 2020: $526,557Expenses 2020: $431,594Net Income 2020: $94,9632020Revenue 2021: $574,512Expenses 2021: $424,070Net Income 2021: $150,4422021Revenue 2022: $584,783Expenses 2022: $495,028Net Income 2022: $89,7552022Revenue 2023: $780,703Expenses 2023: $510,588Net Income 2023: $270,1152023Revenue 2024: $807,426Expenses 2024: $564,997Net Income 2024: $242,4292024

Highlighted filing

2021

Revenue$574,512
Expenses$424,070
Net Income$150,442
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 8, 2022
Return Version
2021v4.0
Gross Receipts
$849,008
Mission and Program Overview

Mission

None

Saranac lake free library is here to provide educational and information services traditional of a community library to residents of the greater saranac lake region.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,350,771$1,515,742▲ $164,971
Land, Buildings, and Equipment, Net$550,812$521,723▼ $29,089
Cash and Non-Interest-Bearing Accounts$269,637$311,745▲ $42,108
Total Assets$2,171,220$2,349,210▲ $177,990
Liabilities
Accounts Payable and Accrued Expenses$3,037$4,155▲ $1,118
Total Liabilities$3,037$4,155▲ $1,118
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,154,213$2,345,055▲ $190,842
Net Assets With Donor Restrictions$13,970--
Total Net Assets Fund Balance$2,168,183$2,345,055▲ $176,872
Total Liabilities and Net Assets / Fund Balance$2,171,220$2,349,210▲ $177,990

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$470,271$375,365$845,636
Other Land Buildings$51,452$118,800$170,252
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$415,692
Program Service Revenue
$3,834
Investment Income
$154,986
Other Revenue
$0
All Other Contributions
$57,045
Change in Net Assets
$150,442
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$262,749
Other Expenses$161,321
Total Fundraising Expense$3,960
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$166,103$71,187-$237,290
Occupancy$31,517$1,659-$33,176
Depreciation Depletion$29,089--$29,089
Payroll Taxes$13,639$5,845-$19,484
Fees for Service Investment Mgmnt Fees-$16,404-$16,404
Insurance$14,512$764-$15,276
Office Expenses$14,061$740-$14,801
Other Employee Benefits$4,182$1,793-$5,975
Other Expenses$1,718$755$3,960$1,718
All Other Expenses$700--$700
Total Functional Expenses$320,963$99,147$3,960$424,070
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
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
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

No review was or will be conducted.

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

Conflict of interest policy was implemented in 2010 requiring officers directors and trustees to file annual statement disclosing the existence of potential conflicts of interest.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents, financial statements, and policies are made available pursuant to applicable law to the public upon request at the library office

Filing and Contact Details

Filer

Filer Name
Saranac Lake Free Library
EIN
15-0539121
Phone
5188914190
Address
109 MAIN STREET, SARANAC LAKE, NY 12983

Signing Officer

Name
Amy Richardson
Title
President
Phone
5188914190
Signed
2022-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Amy Richardson
Formed
1907
Legal Domicile
Ny
Voting Board Members
13
Independent Board Members
13
Employees
9

Preparer

Firm
The Hoffman Eells Group Cpas Pc
Address
2000 SARANAC AVE SUITE 1, LAKE PLACID, NY 12946
Preparer
Cheryl Jeror CPA
Phone
5185232581
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

The saranac lake free library is a public library which maintains an extensive collection of books and other information resources for the use of the general public at no charge. The library facility is also available for community activities.

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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0135520
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt045413
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt080941
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt047926
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0464786
IRS990ScheduleA/InvestmentIncomeCYPct00.19000
IRS990ScheduleA/InvestmentIncomePYPct00.16000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearAmt024528
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt024528
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.79740
IRS990ScheduleA/PublicSupportPY509Pct00.80880
IRS990ScheduleA/PublicSupportTotal509Amt01925487
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0419526
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0391604
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0410368
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0334873
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0369116
IRS990ScheduleA/Total509Grp/TotalAmt01925487
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0599040
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0527124
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0455781
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0415814
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0417042
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02414801
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/BookValueAmt0470271
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0375365
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0845636
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt051452
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0118800
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0170252
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0521723
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SARANAC LAKE FREE LIBRARY IS A PUBLIC LIBRARY WHICH MAINTAINS AN EXTENSIVE COLLECTION OF BOOKS AND OTHER INFORMATION RESOURCES FOR THE USE OF THE GENERAL PUBLIC AT NO CHARGE. THE LIBRARY FACILITY IS ALSO AVAILABLE FOR COMMUNITY ACTIVITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONFLICT OF INTEREST POLICY WAS IMPLEMENTED IN 2010 REQUIRING OFFICERS DIRECTORS AND TRUSTEES TO FILE ANNUAL STATEMENT DISCLOSING THE EXISTENCE OF POTENTIAL CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND POLICIES ARE MADE AVAILABLE PURSUANT TO APPLICABLE LAW TO THE PUBLIC UPON REQUEST AT THE LIBRARY OFFICE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02171220
IRS990/TotalAssetsEOYAmt02349210
IRS990/TotalAssetsGrp/BOYAmt02171220
IRS990/TotalAssetsGrp/EOYAmt02349210
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0415692
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt03960
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt099147
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0320963
IRS990/TotalFunctionalExpensesGrp/TotalAmt0424070
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03037
IRS990/TotalLiabilitiesEOYAmt04155
IRS990/TotalLiabilitiesGrp/BOYAmt03037
IRS990/TotalLiabilitiesGrp/EOYAmt04155
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02168183
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02345055
IRS990/TotalOtherProgSrvcExpenseAmt0320963
IRS990/TotalProgramServiceExpensesAmt0320963
IRS990/TotalProgramServiceRevenueAmt03834
IRS990/TotalRevenueGrp/ExclusionAmt025528
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0133292
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0574512
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02171220
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02349210
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0109 MAIN STREET
IRS990/USAddress/CityNm0SARANAC LAKE
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd012983
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0AMY RICHARDSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05188914190
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SARANAC LAKE FREE LIBRARY
ReturnHeader/Filer/BusinessNameControlTxt0SARA
ReturnHeader/Filer/EIN0150539121
ReturnHeader/Filer/PhoneNum05188914190
ReturnHeader/Filer/USAddress/AddressLine1Txt0109 MAIN STREET
ReturnHeader/Filer/USAddress/CityNm0SARANAC LAKE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd012983
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0201767403
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0THE HOFFMAN EELLS GROUP CPAS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02000 SARANAC AVE SUITE 1
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LAKE PLACID
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd012946
ReturnHeader/PreparerPersonGrp/PhoneNum05185232581
ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHERYL JEROR CPA
ReturnHeader/ReturnTs02022-11-15T15:12:34-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0AMY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0RICHARDSON
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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.$2.76$0.00$2.76$0.81$0.56$0.24
2023Detailed filing. Detailed filing data is available for this year.$2.50$0.00$2.50$0.78$0.51$0.27
2022Detailed filing. Detailed filing data is available for this year.$2.13$0.00$2.13$0.58$0.50$0.09
2021Detailed filing. Detailed filing data is available for this year.$2.35$0.00$2.35$0.57$0.42$0.15
2020Detailed filing. Detailed filing data is available for this year.$2.17$0.00$2.17$0.53$0.43$0.09
2019Detailed filing. Detailed filing data is available for this year.$2.00$0.00$2.00$0.47$0.42$0.06
2018Detailed filing. Detailed filing data is available for this year.$1.79$0.01$1.78$0.45$0.40$0.04
2017Detailed filing. Detailed filing data is available for this year.$1.85$0.00$1.85$0.44$0.40$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.71$0.00$1.71$0.30$0.39$0.09
2015Detailed filing. Detailed filing data is available for this year.$1.79$0.00$1.78$0.33$0.39$0.06
2014Detailed filing. Detailed filing data is available for this year.$1.93$0.00$1.92$0.42$0.38$0.04
2013Detailed filing. Detailed filing data is available for this year.$1.97$0.01$1.96$0.30$0.35$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.89$0.00$1.89$0.32
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.94$0.00$1.94$0.33
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.01$0.00$2.01$0.32
Peer Organizations

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