Civic Intelligence

Tully Free Library

990 • Fiscal year 2020 • EIN 15-6022787

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 12, 2021

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

38th percentile

0.01x

Higher debt load relative to assets than 38% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

46th percentile

0.04x

Higher debt load relative to revenue than 46% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

38th percentile

0.2%

Higher net margin than 38% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

39th percentile

1.7%

Faster asset growth than 39% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

34th percentile

-13%

Faster revenue growth than 34% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$902,005

Up $15,504 (+1.7%) from 2019

Net Assets

Up

$893,049

Up $20,029 (+2.3%) from 2019

Liabilities

Down

$8,956

Down $4,525 (-34%) from 2019

Revenue

Down

$220,481

Down $34,297 (-13%) from 2019

Expenses

Up

$220,095

Up $131 (+0.1%) from 2019

Net Income

Down

$386

Down $34,428 (-99%) from 2019

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

2020

Assets$902,005
Liabilities$8,956
Net Assets$893,049

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

2020

Revenue$220,481
Expenses$220,095
Net Income$386
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 12, 2021
Return Version
2020v4.1
Gross Receipts
$220,481
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
Cash and Non-Interest-Bearing Accounts$391,723$402,722▲ $10,999
Land, Buildings, and Equipment, Net$367,371$356,212▼ $11,159
Savings and Temporary Cash Investments$123,002$139,553▲ $16,551
Prepaid Expenses and Deferred Charges$4,405$3,518▼ $887
Total Assets$886,501$902,005▲ $15,504
Liabilities
Accounts Payable and Accrued Expenses$13,481$8,956▼ $4,525
Total Liabilities$13,481$8,956▼ $4,525
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$722,773$726,318▲ $3,545
Net Assets With Donor Restrictions$150,247$166,731▲ $16,484
Total Net Assets Fund Balance$873,020$893,049▲ $20,029
Total Liabilities and Net Assets / Fund Balance$886,501$902,005▲ $15,504

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$346,975$233,870$580,845
Equipment$5,186$62,149$67,335
Other Land Buildings$487$18,355$18,842
Land$3,564-$3,564

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$123,002$100▲ $15,438-$137,651
2019$105,352-▲ $18,508-$123,002
2018$111,222$430▼ $5,451-$105,352
2017$97,985$2,610▲ $15,502-$111,222
2016$88,293$8,620▲ $7,169-$97,985
Compensation and Service Providers

Board Members and Trustees

NameTitle
Peter CardamonePresident
Ann SedoreVice President
Dorothea DuellTrustee
Natalie BrabantTrustee
Wendy HuttonTrustee
Trice QunilanSecretary
Annette BizubTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$212,090
Program Service Revenue
$5,725
Investment Income
$2,666
Other Revenue
$0
All Other Contributions
$204,503
Change in Net Assets
$386
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$147,052
Other Expenses$73,043
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$118,356$13,151-$131,507
Occupancy$8,269$8,269-$16,538
Depreciation Depletion$2,477$12,712-$15,189
Payroll Taxes$8,897$988-$9,885
Other Employee Benefits$5,094$566-$5,660
Payments to Affiliates$5,001--$5,001
Other Expenses$3,759--$3,759
Insurance$1,749$1,749-$3,498
Fees for Services Accounting-$2,334-$2,334
Office Expenses$1,991$221-$2,212
Fees for Service Investment Mgmnt Fees-$889-$889
Information Technology$739--$739
Advertising$285--$285
Conferences and Meetings$149--$149
Travel$65--$65
Total Functional Expenses$179,216$40,879$0$220,095
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
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
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 12

Trustees sign an annual conflict of interest statement. Any conflicts are discussed among remaining trustees in executive session.

Form 990, Part VI, Section B, Line 11

Digital copies of form 990 are provided to board members prior to filing.

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
Peter Cardamone
Title
President
Phone
3156968606
Signed
2021-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peter Cardamone
Formed
1967
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
8
Employees
10

Preparer

Firm
Clark CPA PC
Address
PO Box 314, Homer, NY 13077-0314
Preparer
Kevin R Clark
Phone
6077496419
Supplemental Narrative

Financial Statement Notes

V 4

The endowment supports the maintenance of the librarys collections and to fund future additions to the collection.

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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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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0386
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0198214
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0123002
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0139553
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt010117
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt049949
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt036832
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt010284
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0116772
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0223954
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt03423
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt04651
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt03015
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01888
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt012978
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt018059
IRS990ScheduleA/OtherIncome170Grp/TotalAmt018059
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.97280
IRS990ScheduleA/PublicSupportPY170Pct00.97240
IRS990ScheduleA/PublicSupportTotal170Amt01111820
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt0198214
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt0190590
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt0174533
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt0166222
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt0158307
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt0887866
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0208331
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0240539
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0211365
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0176506
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0275079
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01111820
IRS990ScheduleA/TotalSupportAmt01142857
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BoardDesignatedBalanceEOYPct01.00000
IRS990ScheduleD/BuildingsGrp/BookValueAmt0346975
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0233870
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0580845
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt0889
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0123002
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0100
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0137651
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt015438
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0858
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0105352
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0123002
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt018508
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0849
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0111222
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0430
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0105352
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-5451
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0775
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt097985
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt02610
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0111222
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt04100
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt015502
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0655
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt088293
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt08620
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt097985
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt05442
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt07169
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt05186
IRS990ScheduleD/EquipmentGrp/DepreciationAmt062149
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt067335
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt03564
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03564
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0487
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt018355
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt018842
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ENDOWMENT SUPPORTS THE MAINTENANCE OF THE LIBRARYS COLLECTIONS AND TO FUND FUTURE ADDITIONS TO THE COLLECTION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0V 4
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0356212
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TRUSTEES SIGN AN ANNUAL CONFLICT OF INTEREST STATEMENT. ANY CONFLICTS ARE DISCUSSED AMONG REMAINING TRUSTEES IN EXECUTIVE SESSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DIGITAL COPIES OF FORM 990 ARE PROVIDED TO BOARD MEMBERS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0886501
IRS990/TotalAssetsEOYAmt0902005
IRS990/TotalAssetsGrp/BOYAmt0886501
IRS990/TotalAssetsGrp/EOYAmt0902005
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0212090
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt040879
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0179216
IRS990/TotalFunctionalExpensesGrp/TotalAmt0220095
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt013481
IRS990/TotalLiabilitiesEOYAmt08956
IRS990/TotalLiabilitiesGrp/BOYAmt013481
IRS990/TotalLiabilitiesGrp/EOYAmt08956
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0873020
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0893049
IRS990/TotalProgramServiceExpensesAmt0179216
IRS990/TotalProgramServiceRevenueAmt05725
IRS990/TotalRevenueGrp/ExclusionAmt0766
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0220481

Document Assets

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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
2020Detailed filing. Detailed filing data is available for this year.$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