Civic Intelligence

Waverly Free Library

EIN 15-0592911 • 501(c)3 • Waverly, NY

Profile

To provide patrons of all ages with a friendly atmosphere for access to various categories of multimedia materials and library services.

18 Elizabeth StreetWaverly, NY 14892

n/A

Siviq Scores

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

Liabilities / Assets

40th percentile

0.00x

Higher debt load relative to assets than 40% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

47th percentile

0.01x

Higher debt load relative to revenue than 47% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

15th percentile

-21%

Higher net margin than 15% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

17th percentile

-13%

Faster asset growth than 17% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

97th percentile

244%

Faster revenue growth than 97% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Down

$503,099

Down $72,467 (-13%) from 2023

Liabilities

Up

$1,851

Up $392 (+27%) from 2023

Net Assets

Down

$501,248

Down $72,859 (-13%) from 2023

Revenue

Up

$150,719

Up $106,893 (+244%) from 2023

Expenses

Up

$182,585

Up $20,518 (+13%) from 2023

Net Income

Up

-$31,866

Up $86,375 (+73%) from 2023

Trend Graphs

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $681,857Liabilities 2011: $0Net Assets 2011: $681,8572011Assets 2012: $872,924Liabilities 2012: $0Net Assets 2012: $872,9242012Assets 2013: $1,173,965Liabilities 2013: $0Net Assets 2013: $1,173,9652013Assets 2014: $1,161,379Liabilities 2014: $0Net Assets 2014: $1,161,3792014Assets 2015: $1,031,188Liabilities 2015: $0Net Assets 2015: $1,031,1882015Assets 2016: $989,879Liabilities 2016: $0Net Assets 2016: $989,8792016Assets 2017: $930,965Liabilities 2017: $0Net Assets 2017: $930,9652017Assets 2018: $776,208Liabilities 2018: $0Net Assets 2018: $776,2082018Assets 2019: $767,018Liabilities 2019: $2,650Net Assets 2019: $764,3682019Assets 2020: $754,874Liabilities 2020: $1,881Net Assets 2020: $752,9932020Assets 2021: $872,807Liabilities 2021: $1,941Net Assets 2021: $870,8662021Assets 2022: $612,440Liabilities 2022: $1,861Net Assets 2022: $610,5792022Assets 2023: $575,566Liabilities 2023: $1,459Net Assets 2023: $574,1072023Assets 2024: $503,099Liabilities 2024: $1,851Net Assets 2024: $501,2482024

Highlighted filing

2024

Assets$503,099
Liabilities$1,851
Net Assets$501,248

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $143,083Expenses 2011: $143,083Net Income 2011: $02011Revenue 2012: $255,836Expenses 2012: $118,701Net Income 2012: $137,1352012Revenue 2013: $401,301Expenses 2013: $156,267Net Income 2013: $245,0342013Revenue 2014: $129,737Expenses 2014: $133,287Net Income 2014: -$3,5502014Revenue 2015: $86,638Expenses 2015: $169,371Net Income 2015: -$82,7332015Revenue 2016: $91,471Expenses 2016: $206,546Net Income 2016: -$115,0752016Revenue 2017: $88,923Expenses 2017: $214,453Net Income 2017: -$125,5302017Revenue 2018: $116,120Expenses 2018: $206,328Net Income 2018: -$90,2082018Revenue 2019: $108,510Expenses 2019: $187,733Net Income 2019: -$79,2232019Revenue 2020: $112,968Expenses 2020: $160,114Net Income 2020: -$47,1462020Revenue 2021: $305,490Expenses 2021: $173,382Net Income 2021: $132,1082021Revenue 2022: $70,757Expenses 2022: $198,306Net Income 2022: -$127,5492022Revenue 2023: $43,826Expenses 2023: $162,067Net Income 2023: -$118,2412023Revenue 2024: $150,719Expenses 2024: $182,585Net Income 2024: -$31,8662024

Highlighted filing

2024

Revenue$150,719
Expenses$182,585
Net Income-$31,866

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.50$0.00$0.50$0.15$0.18$0.03
2023Detailed filing. Detailed filing data is available for this year.$0.58$0.00$0.57$0.04$0.16$0.12
2022Detailed filing. Detailed filing data is available for this year.$0.61$0.00$0.61$0.07$0.20$0.13
2021Detailed filing. Detailed filing data is available for this year.$0.87$0.00$0.87$0.31$0.17$0.13
2020Detailed filing. Detailed filing data is available for this year.$0.75$0.00$0.75$0.11$0.16$0.05
2019Detailed filing. Detailed filing data is available for this year.$0.77$0.00$0.76$0.11$0.19$0.08
2018Summary only. Only limited summary data is available for this year.$0.78$0.00$0.78$0.12$0.21$0.09
2017Summary only. Only limited summary data is available for this year.$0.93$0.00$0.93$0.09$0.21$0.13
2016Summary only. Only limited summary data is available for this year.$0.99$0.00$0.99$0.09$0.21$0.12
2015Summary only. Only limited summary data is available for this year.$1.03$0.00$1.03$0.09$0.17$0.08
2014Summary only. Only limited summary data is available for this year.$1.16$0.00$1.16$0.13$0.13$0.00
2013Summary only. Only limited summary data is available for this year.$1.17$0.00$1.17$0.40$0.16$0.25
2012Summary only. Only limited summary data is available for this year.$0.87$0.00$0.87$0.26$0.12$0.14
2011Summary only. Only limited summary data is available for this year.$0.68$0.00$0.68$0.14$0.14$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 9, 2025
Return Version
2024v5.2
Gross Receipts
$817,123
Mission and Program Overview

Mission

To provide patrons of all ages with a friendly atmosphere for access to various categories of multimedia materials and library services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$566,018$488,303▼ $77,715
Cash and Non-Interest-Bearing Accounts$9,548$14,796▲ $5,248
Total Assets$575,566$503,099▼ $72,467
Liabilities
Accounts Payable and Accrued Expenses$1,459$1,851▲ $392
Total Liabilities$1,459$1,851▲ $392
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$574,107$501,248▼ $72,859
Total Net Assets Fund Balance$574,107$501,248▼ $72,859
Total Liabilities and Net Assets / Fund Balance$575,566$503,099▼ $72,467
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Rebecca GraceDirectorFT$44,495$44,495

Board Members and Trustees

NameTitle
Deborah Smith KennedyPresident
Fred KennedyBoard Member
Joshua KittsBoard Member
Sara KittsBoard Member
Tiffany KovacsBoard Member
John KinneyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$69,552
Program Service Revenue
$2,486
Investment Income
$78,558
Other Revenue
$123
All Other Contributions
$30,303
Change in Net Assets
$-31,866
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$101,459
Other Expenses$81,126
Total Fundraising Expense$2,463
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$79,608$10,038$2,225$91,871
Fees for Services Legal$0$25,898$0$25,898
Payroll Taxes$8,313$1,045$230$9,588
Occupancy$8,433$937$0$9,370
Insurance$287$4,989$8$5,284
Fees for Service Investment Mgmnt Fees$0$5,279$0$5,279
Office Expenses$0$3,847$0$3,847
Information Technology$894$0$0$894
Conferences and Meetings$212$0$0$212
Other Expenses$16$0$0$16
Total Functional Expenses$128,089$52,033$2,463$182,585
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
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Waverly Free Library
EIN
15-0592911
Phone
6075659341
Address
18 ELIZABETH STREET, WAVERLY, NY 14892

Signing Officer

Name
Deborah Smith Kennedy
Title
President
Phone
6075659341
Signed
2025-10-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Deborah Smith Kennedy
Formed
1929
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
6
Employees
7
Volunteers
3

Preparer

Firm
Renee L Kinsley CPA
Address
143 Wilbur Street, Waverly, NY 14892
Preparer
Renee L Kinsley CPA
Phone
6075653319
Supplemental Narrative

Additional Explanations

Pt VI, Line 2

Deborah smith kennedy & fred kennedy: family relationship joshua kitts and sara kitts: family relationship

Pt VI, Line 6

As an association library, all members of the association (i.e. Members) who donated to the library vote on the board of trustees. The board members select officers.

Pt VI, Line 8B

The organization documents meetings in the form of minutes of every board meeting. There are no committees with authority to act on behalf of the governing body.

Pt VI, Line 11B

Form 990 is available for the board to review prior to filing.

Pt VI, Line 7A

As an association library, all members of the association (i.e. Members) who donated to the library vote on the board of trustees. The board members select officers.

Pt VI, Line 12C

Trustees are required to sign a conflict of interest disclosure form yearly at the annual meeting.

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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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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Other Income Part II, Line 10 Description: MISCELLANEOUS 2020: 541. 2021: 486. 2022: 0. 2023: 32. 2024: 123. Description: PROGRAM SERVICE REVENUE 2020: 1078. 2021: 79. 2022: 1235. 2023: 1938. 2024: 2486.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Pt II Ln 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt069552
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt057195
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt058313
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0245613
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt068637
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0499310
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt078558
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0-15339
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt011209
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt059312
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt042712
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0176452
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt02609
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt01970
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt01235
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0565
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt01619
IRS990ScheduleA/OtherIncome170Grp/TotalAmt07998
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.73020
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00.76460
IRS990ScheduleA/PublicSupportTotal170Amt0499310
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt069552
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt057195
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt058313
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0245613
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt068637
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0499310
IRS990ScheduleA/TotalSupportAmt0683760
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DEBORAH SMITH KENNEDY & FRED KENNEDY: FAMILY RELATIONSHIP JOSHUA KITTS AND SARA KITTS: FAMILY RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AS AN ASSOCIATION LIBRARY, ALL MEMBERS OF THE ASSOCIATION (I.E. MEMBERS) WHO DONATED TO THE LIBRARY VOTE ON THE BOARD OF TRUSTEES. THE BOARD MEMBERS SELECT OFFICERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION DOCUMENTS MEETINGS IN THE FORM OF MINUTES OF EVERY BOARD MEETING. THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS AVAILABLE FOR THE BOARD TO REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AS AN ASSOCIATION LIBRARY, ALL MEMBERS OF THE ASSOCIATION (I.E. MEMBERS) WHO DONATED TO THE LIBRARY VOTE ON THE BOARD OF TRUSTEES. THE BOARD MEMBERS SELECT OFFICERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TRUSTEES ARE REQUIRED TO SIGN A CONFLICT OF INTEREST DISCLOSURE FORM YEARLY AT THE ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 12c
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0575566
IRS990/TotalAssetsEOYAmt0503099
IRS990/TotalAssetsGrp/BOYAmt0575566
IRS990/TotalAssetsGrp/EOYAmt0503099
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt069552
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt02463
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt052033
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0128089
IRS990/TotalFunctionalExpensesGrp/TotalAmt0182585
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01459
IRS990/TotalLiabilitiesEOYAmt01851
IRS990/TotalLiabilitiesGrp/BOYAmt01459
IRS990/TotalLiabilitiesGrp/EOYAmt01851
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0574107
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0501248
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0128089
IRS990/TotalProgramServiceRevenueAmt02486
IRS990/TotalReportableCompFromOrgAmt044495
IRS990/TotalRevenueGrp/ExclusionAmt078558
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02609
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0150719
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0575566
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0503099
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0213 HOWARD ST
IRS990/USAddress/CityNm0WAVERLY
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd014892
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DEBORAH SMITH KENNEDY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06075659341
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WAVERLY FREE LIBRARY
ReturnHeader/Filer/BusinessNameControlTxt0WAVE
ReturnHeader/Filer/EIN0150592911
ReturnHeader/Filer/PhoneNum06075659341
ReturnHeader/Filer/USAddress/AddressLine1Txt018 ELIZABETH STREET
ReturnHeader/Filer/USAddress/CityNm0WAVERLY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd014892
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0814584451
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Renee L Kinsley CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0143 Wilbur Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Waverly
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd014892
ReturnHeader/PreparerPersonGrp/PhoneNum06075653319
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Renee L Kinsley CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-11-07T08:43:54-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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