Civic Intelligence

Tully Free Library

990 • Fiscal year 2016 • EIN 15-6022787

Jan 01, 2016 to Dec 31, 2016 • Filed on Oct 18, 2017

PO Box 250Tully, NY 13159

(315) 696-8606

Siviq Scores

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

Liabilities / Assets

40th percentile

0.01x

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

52nd percentile

0.04x

Higher debt load relative to revenue than 52% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

31st percentile

-3.7%

Higher net margin than 31% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

42nd percentile

-0.3%

Faster asset growth than 42% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

35th percentile

-3.5%

Faster revenue growth than 35% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Down

$916,310

Down $2,870 (-0.3%) from 2015

Net Assets

Up

$903,175

Up $44,153 (+5.1%) from 2015

Liabilities

Down

$13,135

Down $47,023 (-78%) from 2015

Revenue

Down

$295,026

Down $10,853 (-3.5%) from 2015

Expenses

Up

$305,843

Up $8,522 (+2.9%) from 2015

Net Income

Down

-$10,817

Down $19,375 (-226%) from 2015

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: $739,975Liabilities 2010: $5,432Net Assets 2010: $734,5432010Assets 2011: $752,389Liabilities 2011: $9,673Net Assets 2011: $742,7162011Assets 2012: $811,807Liabilities 2012: $34,225Net Assets 2012: $777,5822012Assets 2013: $902,329Liabilities 2013: $71,757Net Assets 2013: $830,5722013Assets 2014: $901,567Liabilities 2014: $53,272Net Assets 2014: $848,2952014Assets 2015: $919,180Liabilities 2015: $60,158Net Assets 2015: $859,0222015Assets 2016: $916,310Liabilities 2016: $13,135Net Assets 2016: $903,1752016Assets 2017: $852,245Liabilities 2017: $9,797Net Assets 2017: $842,4482017Assets 2018: $834,822Liabilities 2018: $7,953Net Assets 2018: $826,8692018Assets 2019: $886,501Liabilities 2019: $13,481Net Assets 2019: $873,0202019Assets 2020: $902,005Liabilities 2020: $8,956Net Assets 2020: $893,0492020Assets 2021: $924,934Liabilities 2021: $53,735Net Assets 2021: $871,1992021Assets 2022: $949,173Liabilities 2022: $68,555Net Assets 2022: $880,6182022Assets 2023: $1,860,463Liabilities 2023: $869,671Net Assets 2023: $990,7922023Assets 2024: $2,314,986Liabilities 2024: $547,574Net Assets 2024: $1,767,4122024

Highlighted filing

2016

Assets$916,310
Liabilities$13,135
Net Assets$903,175

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $139,8932010Expenses 2011: $166,2822011Expenses 2012: $193,5862012Revenue 2013: $272,324Expenses 2013: $241,192Net Income 2013: $31,1322013Revenue 2014: $288,318Expenses 2014: $285,910Net Income 2014: $2,4082014Revenue 2015: $305,879Expenses 2015: $297,321Net Income 2015: $8,5582015Revenue 2016: $295,026Expenses 2016: $305,843Net Income 2016: -$10,8172016Revenue 2017: $206,036Expenses 2017: $280,842Net Income 2017: -$74,8062017Revenue 2018: $224,743Expenses 2018: $227,422Net Income 2018: -$2,6792018Revenue 2019: $254,778Expenses 2019: $219,964Net Income 2019: $34,8142019Revenue 2020: $220,481Expenses 2020: $220,095Net Income 2020: $3862020Revenue 2021: $243,563Expenses 2021: $233,382Net Income 2021: $10,1812021Revenue 2022: $270,095Expenses 2022: $238,756Net Income 2022: $31,3392022Revenue 2023: $349,420Expenses 2023: $236,161Net Income 2023: $113,2592023Revenue 2024: $1,042,886Expenses 2024: $270,795Net Income 2024: $772,0912024

Highlighted filing

2016

Revenue$295,026
Expenses$305,843
Net Income-$10,817
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Oct 18, 2017
Return Version
2016v3.0
Gross Receipts
$295,026
Mission and Program Overview

Mission

Provide free public access to the library for residents of the Tully NY School District.

provides a free library and access to literacy to the community of the Tully N.Y. school district as chartered by New York Education Department.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$452,724$424,406▼ $28,318
Cash and Non-Interest-Bearing Accounts$273,731$308,136▲ $34,405
Savings and Temporary Cash Investments$188,779$179,826▼ $8,953
Prepaid Expenses and Deferred Charges$3,946$3,942▼ $4
Total Assets$919,180$916,310▼ $2,870
Liabilities
Deferred Revenue$52,538--
Accounts Payable and Accrued Expenses$7,620$13,135▲ $5,515
Total Liabilities$60,158$13,135▼ $47,023
Net Assets / Fund Balance
Unrestricted Net Assets$747,768$673,752▼ $74,016
Temporarily Rstr Net Assets$18,809$130,664▲ $111,855
Permanently Rstr Net Assets$92,445$98,759▲ $6,314
Total Net Assets Fund Balance$859,022$903,175▲ $44,153
Total Liabilities and Net Assets / Fund Balance$919,180$916,310▼ $2,870

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$404,140$178,496$582,636
Equipment$16,702$61,721$78,423
Land$3,564-$3,564

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$88,293---$88,293
2015$95,404-▼ $2,335-$88,293
2014$97,477-▼ $2,073-$95,404
2013$87,492-▲ $9,985-$97,477
2012$79,414-▲ $8,078-$87,492
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$281,129
Program Service Revenue
$12,009
Investment Income
$1,888
Other Revenue
$0
All Other Contributions
$274,378
Change in Net Assets
$-10,817
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$169,835
Salaries, Compensation, and Employee Benefits$136,008
Total Fundraising Expense$2,354
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$75,190$8,354-$83,544
Current Officers, Directors, Trustees, and Key Employees$34,794$3,866-$38,660
Fees for Services Management$37,420--$37,420
Depreciation Depletion$22,005$2,445-$24,450
Payroll Taxes$8,231$915-$9,146
Fees for Services Accounting$8,069$897-$8,966
Information Technology$6,697--$6,697
Occupancy$5,720$636-$6,356
Other Employee Benefits$4,192$466-$4,658
Insurance$2,548$283-$2,831
Advertising--$2,354$2,354
Other Expenses$68,981$1,509-$1,509
Fees for Service Investment Mgmnt Fees-$655-$655
Office Expenses-$549-$549
Travel$534--$534
Fees for Services Legal-$50-$50
Interest-$13-$13
Total Functional Expenses$274,381$29,108$2,354$305,843
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
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, Part VI, Section B, Line 11

Board members are provided a pdf file of the 990 prior to electronic filing.

Form 990, Part VI, Section B, Line 12

Board members and key personnel sign a conflict of interest policy statement on an annual basis. Any conflicts are discussed in executive session with the conflicted member abstaining.

Filing and Contact Details

Filer

Filer Name
Tully Free Library
EIN
15-6022787
Phone
3156968606
Address
PO BOX 250, TULLY, NY 13159

Signing Officer

Name
Jack Salisbury
Title
Treasurer
Signed
2017-10-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peter Cardamone
Formed
1967
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
9
Employees
10

Preparer

Firm
Clark CPA PC
Address
PO Box 314, Homer, NY 13077
Preparer
Kevin R Clark
Phone
6077496419
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IRS990/PYOtherExpensesAmt0183508
IRS990/PYProgramServiceRevenueAmt018041
IRS990/PYRevenuesLessExpensesAmt08558
IRS990/PYSalariesCompEmpBnftPaidAmt0113813
IRS990/PYTotalExpensesAmt0297321
IRS990/PYTotalRevenueAmt0305879
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-10817
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0188779
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0179826
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0116772
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0129374
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0121868
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0115721
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt070375
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0554110
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01888
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt02539
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt04043
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01689
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0521
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt010680
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt018059
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt019218
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt018032
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt012942
IRS990ScheduleA/OtherIncome170Grp/TotalAmt068251
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.94170
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportPY170Pct00.94180
IRS990ScheduleA/PublicSupportTotal170Amt01274507
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt0158307
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt0150769
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt0143189
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt0136882
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt0131250
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt0720397
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0275079
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0280143
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0265057
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0252603
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0201625
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01274507
IRS990ScheduleA/TotalSupportAmt01353438
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/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0404140
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0178496
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0582636
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt088293
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt088293
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0710
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt095404
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt088293
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt04066
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-2335
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt097477
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt095404
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-2073
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt087492
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt097477
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt09985
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt079414
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt087492
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt08078
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt016702
IRS990ScheduleD/EquipmentGrp/DepreciationAmt061721
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt078423
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt03564
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03564
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0424406
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Board members are provided a pdf file of the 990 prior to electronic filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board members and key personnel sign a conflict of interest policy statement on an annual basis. Any conflicts are discussed in executive session with the conflicted member abstaining.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt018809
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0130664
IRS990/TempOrPermanentEndowmentsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0919180
IRS990/TotalAssetsEOYAmt0916310
IRS990/TotalAssetsGrp/BOYAmt0919180
IRS990/TotalAssetsGrp/EOYAmt0916310
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0281129
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt02354
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt029108
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0274381
IRS990/TotalFunctionalExpensesGrp/TotalAmt0305843
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt060158
IRS990/TotalLiabilitiesEOYAmt013135
IRS990/TotalLiabilitiesGrp/BOYAmt060158
IRS990/TotalLiabilitiesGrp/EOYAmt013135
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0859022
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0903175
IRS990/TotalProgramServiceExpensesAmt0274381

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.31$0.55$1.77$1.04$0.27$0.77
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.86$0.87$0.99$0.35$0.24$0.11
2022Detailed filing. Detailed filing data is available for this year.$0.95$0.07$0.88$0.27$0.24$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.92$0.05$0.87$0.24$0.23$0.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.90$0.01$0.89$0.22$0.22$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.89$0.01$0.87$0.25$0.22$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.83$0.01$0.83$0.22$0.23$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.85$0.01$0.84$0.21$0.28$0.07
2016Detailed filing. Detailed filing data is available for this year.$0.92$0.01$0.90$0.30$0.31$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.92$0.06$0.86$0.31$0.30$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.90$0.05$0.85$0.29$0.29$0.00
2013Detailed filing. Detailed filing data is available for this year.$0.90$0.07$0.83$0.27$0.24$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.81$0.03$0.78$0.19
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.75$0.01$0.74$0.17
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.74$0.01$0.73$0.14