Civic Intelligence

Lamont Memorial Free Library

EIN 15-0564077 • 501(c)3 • Mc Graw, NY

Profile

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PO Box 559 5 Main StreetMc Graw, NY 13101
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

41st percentile

0.00x

Higher debt load relative to assets than 41% of similar nonprofits.

NTEE B • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

43rd percentile

0.00x

Higher debt load relative to revenue than 43% of similar nonprofits.

NTEE B • $500k-$1M nonprofits • Source year 2024

Net Margin

62nd percentile

13%

Higher net margin than 62% of similar nonprofits.

NTEE B • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

57th percentile

$0

Higher top officer pay than 57% of similar nonprofits.

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

NTEE B • $500k-$1M nonprofits • Source year 2024

Asset Growth

44th percentile

2.8%

Faster asset growth than 44% of similar nonprofits.

NTEE B • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

81st percentile

59%

Faster revenue growth than 81% of similar nonprofits.

NTEE B • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$564,744

Up $15,522 (+2.8%) from 2023

Liabilities

Flat

$187

Flat from 2023

Net Assets

Up

$564,557

Up $15,522 (+2.8%) from 2023

Revenue

Up

$118,597

Up $44,089 (+59%) from 2023

Expenses

Down

$103,075

Down $3,155 (-3.0%) from 2023

Net Income

Up

$15,522

Up $47,244 (+149%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2010: $576,302Liabilities 2010: $23Net Assets 2010: $576,2792010Assets 2011: $573,941Liabilities 2011: $0Net Assets 2011: $573,9412011Assets 2012: $573,974Liabilities 2012: $56Net Assets 2012: $573,9182012Assets 2013: $543,450Liabilities 2013: $98Net Assets 2013: $543,3522013Assets 2014: $543,085Liabilities 2014: $51Net Assets 2014: $543,0342014Assets 2015: $546,325Liabilities 2015: $52Net Assets 2015: $546,2732015Assets 2016: $547,469Liabilities 2016: $52Net Assets 2016: $547,4172016Assets 2017: $550,610Liabilities 2017: $117Net Assets 2017: $550,4932017Assets 2018: $547,374Liabilities 2018: $90Net Assets 2018: $547,2842018Assets 2019: $537,815Liabilities 2019: $93Net Assets 2019: $537,7222019Assets 2020: $543,815Liabilities 2020: $133Net Assets 2020: $543,6822020Assets 2021: $578,992Liabilities 2021: $101Net Assets 2021: $578,8912021Assets 2022: $580,861Liabilities 2022: $104Net Assets 2022: $580,7572022Assets 2023: $549,222Liabilities 2023: $187Net Assets 2023: $549,0352023Assets 2024: $564,744Liabilities 2024: $187Net Assets 2024: $564,5572024

Highlighted filing

2024

Assets$564,744
Liabilities$187
Net Assets$564,557

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0-$50KRevenue 2010: $80,958Expenses 2010: $90,844Net Income 2010: -$9,8862010Revenue 2011: $85,646Expenses 2011: $87,984Net Income 2011: -$2,3382011Revenue 2012: $90,262Expenses 2012: $90,285Net Income 2012: -$232012Revenue 2013: $60,085Expenses 2013: $90,660Net Income 2013: -$30,5752013Revenue 2014: $99,214Expenses 2014: $99,530Net Income 2014: -$3162014Revenue 2015: $95,922Expenses 2015: $92,683Net Income 2015: $3,2392015Revenue 2016: $85,727Expenses 2016: $84,584Net Income 2016: $1,1432016Revenue 2017: $96,897Expenses 2017: $93,822Net Income 2017: $3,0752017Revenue 2018: $98,614Expenses 2018: $101,824Net Income 2018: -$3,2102018Revenue 2019: $92,882Expenses 2019: $102,445Net Income 2019: -$9,5632019Revenue 2020: $102,377Expenses 2020: $96,417Net Income 2020: $5,9602020Revenue 2021: $131,239Expenses 2021: $96,056Net Income 2021: $35,1832021Revenue 2022: $105,190Expenses 2022: $103,325Net Income 2022: $1,8652022Revenue 2023: $74,508Expenses 2023: $106,230Net Income 2023: -$31,7222023Revenue 2024: $118,597Expenses 2024: $103,075Net Income 2024: $15,5222024

Highlighted filing

2024

Revenue$118,597
Expenses$103,075
Net Income$15,522

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.65$0.00$5.65$1.19$1.03$0.16
2023Summary only. Only limited summary data is available for this year.$5.49$0.00$5.49$0.75$1.06$0.32
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.81$0.00$5.81$1.05$1.03$0.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.79$0.00$5.79$1.31$0.96$0.35
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.44$0.00$5.44$1.02$0.96$0.06
2019Summary only. Only limited summary data is available for this year.$5.38$0.00$5.38$0.93$1.02$0.10
2018Summary only. Only limited summary data is available for this year.$5.47$0.00$5.47$0.99$1.02$0.03
2017Summary only. Only limited summary data is available for this year.$5.51$0.00$5.50$0.97$0.94$0.03
2016Summary only. Only limited summary data is available for this year.$5.47$0.00$5.47$0.86$0.85$0.01
2015Summary only. Only limited summary data is available for this year.$5.46$0.00$5.46$0.96$0.93$0.03
2014Detailed filing. Detailed filing data is available for this year.$5.43$0.00$5.43$0.99$1.00$0.00
2013Summary only. Only limited summary data is available for this year.$5.43$0.00$5.43$0.60$0.91$0.31
2012Summary only. Only limited summary data is available for this year.$5.74$0.00$5.74$0.90$0.90$0.00
2011Summary only. Only limited summary data is available for this year.$5.74$0.00$5.74$0.86$0.88$0.02
2010Summary only. Only limited summary data is available for this year.$5.76$0.00$5.76$0.81$0.91$0.10
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 13, 2023
Return Version
2022v5.0
Gross Receipts
$142,737
Mission and Program Overview

Mission

Enhance reading of community

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$299,759$310,341▲ $10,582
Land, Buildings, and Equipment, Net$223,382$214,868▼ $8,514
Savings and Temporary Cash Investments$30,851$30,652▼ $199
Total Assets$578,992$580,861▲ $1,869
Other Assets Total$25,000$25,000→ $0
Liabilities
Accounts Payable and Accrued Expenses$101$104▲ $3
Total Liabilities$101$104▲ $3
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$578,891$580,757▲ $1,866
Total Net Assets Fund Balance$578,891$580,757▲ $1,866
Total Liabilities and Net Assets / Fund Balance$578,992$580,861▲ $1,869

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$214,868$200,663-
Other Assets Org$25,000--
Other Securities$310,341--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Chris BuerklePresident
Maryalice GriffinVice President
Heather CobbDirector
Page AndersonBd Member
Rosan MoreyBd Member
Melanie FieldSecretary
Colleen RyndersTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$84,428
Program Service Revenue
$10,032
Investment Income
$10,730
Other Revenue
$0
All Other Contributions
$11,500
Change in Net Assets
$1,865
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$60,210
Other Expenses$43,115
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$24,570$8,190-$32,760
Other Salaries and Wages$12,709$4,237-$16,946
Depreciation Depletion$1,911$9,003-$10,914
Other Employee Benefits$7,878$2,626-$10,504
Occupancy$3,266$3,266-$6,532
Fees for Services Other$1,995$3,705-$5,700
Insurance-$2,461-$2,461
All Other Expenses-$2,391-$2,391
Other Expenses$11,535$265-$265
Fees for Service Investment Mgmnt Fees-$115-$115
Total Functional Expenses$66,346$36,979$0$103,325
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
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
Yes
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

Committee meeting documentation Part VI line 8B

The library does not have members or stockholders.

Form 990 governing body review Part VI line 11

The governing body is provided a copy of form 990, for their review, prior to filing the form.

CEO executive director top management comp Part VI line 15A

The governing body reviews all compensation packages, including managements. Area compensations and organizational abilities and taken into consideration.

Governing documents etc available to public Part VI line 19

The documents and form 990 that are available to the public and made so upon formal request.

Filing and Contact Details

Filer

Filer Name
Lamont Memorial Free Library
EIN
15-0564077
Address
PO BOX 559 5 MAIN STREET, Mc Graw, NY 13101

Signing Officer

Name
Heather Cobb
Title
Director
Phone
6078366767
Signed
2023-11-13
Discuss with paid preparer
Yes

Organization Details

Formed
1906
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
6
Employees
5

Preparer

Firm
John O Reagan CPA PC
Address
16 Church Street, Cortland, NY 13045
Preparer
John O Reagan
Phone
6074280225
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

PRIOR PERIOD CORRECTIONS

Raw XML AppendixShowing 400 of 402 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.

Path#Value
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IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt032760
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IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt084428
IRS990/CYGrantsAndSimilarPaidAmt00
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IRS990/DepreciationDepletionGrp/TotalAmt010914
IRS990/Desc0BOOKS & INFORMATION CIRCULATION (70%)
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IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt05
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IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt046442
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt03705
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt01995
IRS990/FeesForServicesOtherGrp/TotalAmt05700
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IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
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IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
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IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0PAGE ANDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm1ROSAN MOREY
IRS990/Form990PartVIISectionAGrp/PersonNm2MELANIE FIELD
IRS990/Form990PartVIISectionAGrp/PersonNm3MARYALICE GRIFFIN
IRS990/Form990PartVIISectionAGrp/PersonNm4COLLEEN RYNDERS
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IRS990/Form990PartVIISectionAGrp/PersonNm6HEATHER COBB
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IRS990/Form990PartVIISectionAGrp/TitleTxt0BD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1BD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
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IRS990/OtherExpensesGrp/Desc2BOOKS & PERIODICALS
IRS990/OtherExpensesGrp/Desc3SUPPLIES
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IRS990/RelatedEntityInd0true
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The governing body reviews all compensation packages, including managements. Area compensations and organizational abilities and taken into consideration.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Explanation of other changes in net assets or fund balances Part XI line 9
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0HEATHER COBB
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06078366767
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAMONT MEMORIAL FREE LIBRARY
ReturnHeader/Filer/BusinessNameControlTxt0LAMO
ReturnHeader/Filer/EIN0150564077
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 559 5 MAIN STREET
ReturnHeader/Filer/USAddress/CityNm0Mc Graw
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ReturnHeader/Filer/USAddress/ZIPCd013101
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0203962203
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0John O Reagan CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt016 Church Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Cortland
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
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ReturnHeader/PreparerPersonGrp/PhoneNum06074280225
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0John O Reagan
ReturnHeader/ReturnTs02023-11-13T15:20:37-05:00
ReturnHeader/ReturnTypeCd0990
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ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0COBB
ReturnHeader/TaxPeriodBeginDt02022-01-01

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