Civic Intelligence

Powers Library

990 • Fiscal year 2018 • EIN 15-0564082

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 12, 2019

PO Box 71Moravia, NY 13118

(315) 497-1955

Siviq Scores

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

Liabilities / Assets

15th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • NTEE B • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

15th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • NTEE B • $1M-$5M nonprofits • Source year 2018

Net Margin

66th percentile

11%

Higher net margin than 66% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

39th percentile

$27,906

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 20.1% of source-year revenue.

2018 filings • NTEE B • $1M-$5M nonprofits • Source year 2018

Asset Growth

34th percentile

-1.8%

Faster asset growth than 34% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

77th percentile

24%

Faster revenue growth than 77% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$1,046,639

Down $19,006 (-1.8%) from 2017

Net Assets

Down

$1,046,639

Down $19,006 (-1.8%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue

Up

$138,897

Up $26,729 (+24%) from 2017

Expenses

Up

$123,996

Up $8,247 (+7.1%) from 2017

Net Income

Up

$14,901

Up $18,482 (+516%) from 2017

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 2010: $1,084,733Liabilities 2010: $963Net Assets 2010: $1,083,7702010Assets 2011: $1,037,708Liabilities 2011: $0Net Assets 2011: $1,037,7082011Assets 2012: $1,039,237Liabilities 2012: $0Net Assets 2012: $1,039,2372012Assets 2013: $1,097,098Liabilities 2013: $25,188Net Assets 2013: $1,071,9102013Assets 2014: $1,073,229Liabilities 2014: $0Net Assets 2014: $1,073,2292014Assets 2015: $1,077,067Liabilities 2015: $0Net Assets 2015: $1,077,0672015Assets 2016: $1,056,474Liabilities 2016: $0Net Assets 2016: $1,056,4742016Assets 2017: $1,065,645Liabilities 2017: $0Net Assets 2017: $1,065,6452017Assets 2018: $1,046,639Liabilities 2018: $0Net Assets 2018: $1,046,6392018Assets 2019: $1,120,392Liabilities 2019: $0Net Assets 2019: $1,120,3922019Assets 2020: $1,150,980Liabilities 2020: $0Net Assets 2020: $1,150,9802020Assets 2021: $1,197,819Liabilities 2021: $0Net Assets 2021: $1,197,8192021Assets 2022: $1,119,854Liabilities 2022: $79,500Net Assets 2022: $1,040,3542022Assets 2023: $1,084,103Liabilities 2023: $0Net Assets 2023: $1,084,1032023Assets 2024: $1,245,906Liabilities 2024: $90,090Net Assets 2024: $1,155,8162024

Highlighted filing

2018

Assets$1,046,639
Liabilities$0
Net Assets$1,046,639

Operations Trend

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

$200K$100K$0-$100KRevenue 2010: $114,138Expenses 2010: $101,631Net Income 2010: $12,5072010Revenue 2011: $66,714Expenses 2011: $106,204Net Income 2011: -$39,4902011Revenue 2012: $79,250Expenses 2012: $107,515Net Income 2012: -$28,2652012Revenue 2013: $110,093Expenses 2013: $115,265Net Income 2013: -$5,1722013Revenue 2014: $124,200Expenses 2014: $114,179Net Income 2014: $10,0212014Revenue 2015: $122,412Expenses 2015: $116,896Net Income 2015: $5,5162015Revenue 2016: $79,437Expenses 2016: $128,141Net Income 2016: -$48,7042016Revenue 2017: $112,168Expenses 2017: $115,749Net Income 2017: -$3,5812017Revenue 2018: $138,897Expenses 2018: $123,996Net Income 2018: $14,9012018Revenue 2019: $102,731Expenses 2019: $131,541Net Income 2019: -$28,8102019Revenue 2020: $101,852Expenses 2020: $135,930Net Income 2020: -$34,0782020Revenue 2021: $133,778Expenses 2021: $128,157Net Income 2021: $5,6212021Revenue 2022: $125,188Expenses 2022: $152,219Net Income 2022: -$27,0312022Revenue 2023: $120,110Expenses 2023: $145,726Net Income 2023: -$25,6162023Revenue 2024: $155,453Expenses 2024: $159,007Net Income 2024: -$3,5542024

Highlighted filing

2018

Revenue$138,897
Expenses$123,996
Net Income$14,901
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 12, 2019
Return Version
2018v3.1
Gross Receipts
$220,142
Mission and Program Overview

Mission

To provide free access to sources of information, education and entertainment to its extended community.

To provide free access to sources of information, education,and entertainment toits extended community

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$509,118$528,083▲ $18,965
Investments in Publicly Traded Securities$527,016$492,625▼ $34,391
Cash and Non-Interest-Bearing Accounts$9,292$17,987▲ $8,695
Savings and Temporary Cash Investments$20,219$7,944▼ $12,275
Total Assets$1,065,645$1,046,639▼ $19,006
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$1,018,811$986,547▼ $32,264
Temporarily Rstr Net Assets$46,834$60,092▲ $13,258
Total Net Assets Fund Balance$1,065,645$1,046,639▼ $19,006
Total Liabilities and Net Assets / Fund Balance$1,065,645$1,046,639▼ $19,006

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$498,738$278,253$776,991
Equipment$5,741$34,102$39,843
Land$23,604-$23,604

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$46,834$56,280-$43,023$60,091
2017$56,050$18,650-$27,866$46,834
2016$39,367$16,800-$117$56,050
2015$29,439$10,700-$772$39,367
2014$48,251$15,568-$34,380$29,439
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lori CochranExecutive DiPT$27,906$27,906

Board Members and Trustees

NameTitle
Jacki HessPresident
Anna KriegerTrustee
Darla MorehouseTrustee
Dianne MuirheadTrustee
Jaclyn SchmurrTrustee
Joshua MarnellTrustee
Bonnie ThomasSecretary
Jill AbbottTreasurer
Jeff AllenVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$112,211
Program Service Revenue
$1,426
Investment Income
$20,940
Other Revenue
$4,320
Change in Net Assets
$14,901
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$70,567
Salaries, Compensation, and Employee Benefits$53,429
Total Fundraising Expense$1,006
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$25,115$2,791-$27,906
Depreciation Depletion$21,665$2,409-$24,074
Other Salaries and Wages$21,510--$21,510
Occupancy$11,274$1,253-$12,527
Information Technology$7,275--$7,275
Insurance$3,747$416-$4,163
Payroll Taxes$3,612$401-$4,013
Fees for Services Other$1,984$220-$2,204
Office Expenses$844$94$1,006$1,944
Other Expenses$463--$463
All Other Expenses$295--$295
Fees for Service Investment Mgmnt Fees-$150-$150
Interest$12--$12
Total Functional Expenses$115,256$7,734$1,006$123,996
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$4,840
Fundraising Direct Expenses$520
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
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, Page 6, Part VI, Line 11B

No review was or will be conducted.

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

SELF DISCLOSURE

Form 990, Page 6, Part VI, Line 15A

The executive directors salary is reveiwed on an annual basis and any increases in salary proposed is approved by the board of trustees. This is completed annually after a performance reveiw is conducted by members of the trustees.

Form 990, Page 6, Part VI, Line 19

Upon request the public may view the governing documents at the library during regular library hours.

Filing and Contact Details

Filer

Filer Name
Powers Library
EIN
15-0564082
Phone
3154971955
Address
PO BOX 71, MORAVIA, NY 13118

Signing Officer

Name
Jill Abbott
Title
Treasurer
Phone
3154971955
Signed
2019-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jacki Hess
Formed
1880
Legal Domicile
Ny
Voting Board Members
10
Independent Board Members
10
Employees
6
Volunteers
20

Preparer

Firm
Cahill Knobel & Associates LLC
Address
881 MAIN ST, LOCKE, NY 13092
Preparer
Colin B Cahill
Phone
3154973922
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Funds are used to restore and improve the library. They are also used to help offset summer program costs.

Raw XML AppendixShowing 400 of 426 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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IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt060091
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FUNDS ARE USED TO RESTORE AND IMPROVE THE LIBRARY. THEY ARE ALSO USED TO HELP OFFSET SUMMER PROGRAM COSTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SELF DISCLOSURE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE DIRECTORS SALARY IS REVEIWED ON AN ANNUAL BASIS AND ANY INCREASES IN SALARY PROPOSED IS APPROVED BY THE BOARD OF TRUSTEES. THIS IS COMPLETED ANNUALLY AFTER A PERFORMANCE REVEIW IS CONDUCTED BY MEMBERS OF THE TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST THE PUBLIC MAY VIEW THE GOVERNING DOCUMENTS AT THE LIBRARY DURING REGULAR LIBRARY HOURS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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ReasonableCauseExplanation/ExplanationTxt0IN THE PRIOR YEARS THE TAX RETURN WAS FILED BY THE TREASURER OF THE ORGANIZATION. THE TREASURER POSITION CHANGED DURING EARLY 2019. THE LIBRARY CONTRACTED WITH AN OUTSIDE FIRM TO PREPARE THE TAX RETURN FOR 2018. THE ACCOUNTING FIRM ASSUMED THE LIBRARY FILED THE EXTENSION, AS THEY HAD DONE THE PAST, THE LIBRARY ASSUMED THE ACCOUNTING FIRM HAD PREPARED THE EXTENSION. THE RESULT BEING THAT THE EXTENSION WAS NOT SUBMITTED. AS THE TRANSITION TO THE ACCOUNTING FIRM IS NOW COMPLETED THIS SITUTATION WILL NOT BE REPEATED.
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JILL ABBOTT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03154971955
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0POWERS LIBRARY
ReturnHeader/Filer/BusinessNameControlTxt0POWE
ReturnHeader/Filer/EIN0150564082

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.25$0.09$1.16$0.16$0.16$0.00
2023Summary only. Only limited summary data is available for this year.$1.08$0.00$1.08$0.12$0.15$0.03
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.12$0.08$1.04$0.13$0.15$0.03
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.20$0.00$1.20$0.13$0.13$0.01
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.15$0.00$1.15$0.10$0.14$0.03
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.12$0.00$1.12$0.10$0.13$0.03
2018Detailed filing. Detailed filing data is available for this year.$1.05$0.00$1.05$0.14$0.12$0.01
2017Summary only. Only limited summary data is available for this year.$1.07$0.00$1.07$0.11$0.12$0.00
2016Summary only. Only limited summary data is available for this year.$1.06$0.00$1.06$0.08$0.13$0.05
2015Summary only. Only limited summary data is available for this year.$1.08$0.00$1.08$0.12$0.12$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.07$0.00$1.07$0.12$0.11$0.01
2013Summary only. Only limited summary data is available for this year.$1.10$0.03$1.07$0.11$0.12$0.01
2012Summary only. Only limited summary data is available for this year.$1.04$0.00$1.04$0.08$0.11$0.03
2011Summary only. Only limited summary data is available for this year.$1.04$0.00$1.04$0.07$0.11$0.04
2010Summary only. Only limited summary data is available for this year.$1.08$0.00$1.08$0.11$0.10$0.01