Civic Intelligence

Tully Free Library

990 • Fiscal year 2017 • EIN 15-6022787

Jan 01, 2017 to Dec 31, 2017 • Filed on May 21, 2018

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

39th percentile

0.01x

Higher debt load relative to assets than 39% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

54th percentile

0.05x

Higher debt load relative to revenue than 54% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

8th percentile

-36%

Higher net margin than 8% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

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.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

19th percentile

-7.0%

Faster asset growth than 19% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

9th percentile

-30%

Faster revenue growth than 9% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Down

$852,245

Down $64,065 (-7.0%) from 2016

Net Assets

Down

$842,448

Down $60,727 (-6.7%) from 2016

Liabilities

Down

$9,797

Down $3,338 (-25%) from 2016

Revenue

Down

$206,036

Down $88,990 (-30%) from 2016

Expenses

Down

$280,842

Down $25,001 (-8.2%) from 2016

Net Income

Down

-$74,806

Down $63,989 (-592%) from 2016

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

2017

Assets$852,245
Liabilities$9,797
Net Assets$842,448

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

2017

Revenue$206,036
Expenses$280,842
Net Income-$74,806
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 21, 2018
Return Version
2017v2.3
Gross Receipts
$206,036
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$424,406$405,744▼ $18,662
Cash and Non-Interest-Bearing Accounts$308,136$248,900▼ $59,236
Savings and Temporary Cash Investments$179,826$193,226▲ $13,400
Prepaid Expenses and Deferred Charges$3,942$2,875▼ $1,067
Pledges and Grants Receivable-$1,500-
Total Assets$916,310$852,245▼ $64,065
Liabilities
Accounts Payable and Accrued Expenses$13,135$9,797▼ $3,338
Total Liabilities$13,135$9,797▼ $3,338
Net Assets / Fund Balance
Unrestricted Net Assets$673,752$692,393▲ $18,641
Permanently Rstr Net Assets$98,759$111,222▲ $12,463
Temporarily Rstr Net Assets$130,664$38,833▼ $91,831
Total Net Assets Fund Balance$903,175$842,448▼ $60,727
Total Liabilities and Net Assets / Fund Balance$916,310$852,245▼ $64,065

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$388,984$193,652$582,636
Equipment$13,196$67,546$80,742
Land$3,564-$3,564

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$97,985$2,610▲ $15,502-$111,222
2016$88,293$8,620▲ $7,169-$97,985
2015$95,404-▼ $2,335-$88,293
2014$97,477-▼ $2,073-$95,404
2013$87,492-▲ $9,985-$97,477
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$192,280
Program Service Revenue
$10,741
Investment Income
$3,015
Other Revenue
$0
All Other Contributions
$185,511
Change in Net Assets
$-74,806
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$142,199
Salaries, Compensation, and Employee Benefits$138,643
Total Fundraising Expense$410
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$72,185$8,020-$80,205
Comp Disqual Persons$39,862$4,429-$44,291
Depreciation Depletion$21,393$2,377-$23,770
Fees for Services Management$20,832--$20,832
Payroll Taxes$8,539$949-$9,488
Occupancy$7,080$787-$7,867
Fees for Services Accounting$3,904$3,912-$7,816
Information Technology$7,814--$7,814
Other Employee Benefits$4,193$466-$4,659
Insurance$2,686$298-$2,984
Office Expenses$1,095$121-$1,216
Other Expenses$55,962$1,214-$1,214
Advertising--$410$410
Conferences and Meetings$258--$258
Fees for Services Legal-$150-$150
Travel$129--$129
Total Functional Expenses$245,932$34,500$410$280,842
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
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
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
2018-05-21
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
9

Preparer

Firm
Clark CPA PC
Address
PO Box 314, Homer, NY 13077
Preparer
Kevin R Clark
Phone
6077496419
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IRS990/PYInvestmentIncomeAmt01888
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0169835
IRS990/PYProgramServiceRevenueAmt012009
IRS990/PYRevenuesLessExpensesAmt0-10817
IRS990/PYSalariesCompEmpBnftPaidAmt0136008
IRS990/PYTotalExpensesAmt0305843
IRS990/PYTotalRevenueAmt0295026
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-74806
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0179826
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0193226
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt010284
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0116772
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0129374
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0121868
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0115721
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0494019
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt03015
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01888
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt02539
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt04043
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01689
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt013174
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt018059
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt019218
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt018032
IRS990ScheduleA/OtherIncome170Grp/TotalAmt055309
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.94800
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportPY170Pct00.94170
IRS990ScheduleA/PublicSupportTotal170Amt01249388
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt0166222
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt0158307
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt0150769
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt0143189
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt0136882
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt0755369
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0176506
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0275079
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0280143
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0265057
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0252603
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01249388
IRS990ScheduleA/TotalSupportAmt01317871
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0388984
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0193652
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0582636
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt0775
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt097985
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt02610
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0111222
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt04100
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt015502
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0655
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt088293
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt08620
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt097985
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt05442
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt07169
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0710
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt095404
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt088293
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt04066
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-2335
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt097477
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt095404
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-2073
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt087492
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt097477
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt09985
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt013196
IRS990ScheduleD/EquipmentGrp/DepreciationAmt067546
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt080742
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/TotalBookValueLandBuildingsAmt0405744
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/BOYAmt0130664
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt038833
IRS990/TempOrPermanentEndowmentsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0916310
IRS990/TotalAssetsEOYAmt0852245
IRS990/TotalAssetsGrp/BOYAmt0916310
IRS990/TotalAssetsGrp/EOYAmt0852245
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0192280
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0410
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt034500
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0245932
IRS990/TotalFunctionalExpensesGrp/TotalAmt0280842
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt013135
IRS990/TotalLiabilitiesEOYAmt09797
IRS990/TotalLiabilitiesGrp/BOYAmt013135
IRS990/TotalLiabilitiesGrp/EOYAmt09797
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0903175
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0842448

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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