Civic Intelligence

Tully Free Library

990 • Fiscal year 2022 • EIN 15-6022787

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 13, 2023

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

64th percentile

0.07x

Higher debt load relative to assets than 64% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

79th percentile

0.25x

Higher debt load relative to revenue than 79% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

59th percentile

12%

Higher net margin than 59% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

52nd percentile

2.6%

Faster asset growth than 52% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

54th percentile

11%

Faster revenue growth than 54% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Up

$949,173

Up $24,239 (+2.6%) from 2021

Net Assets

Up

$880,618

Up $9,419 (+1.1%) from 2021

Liabilities

Up

$68,555

Up $14,820 (+28%) from 2021

Revenue

Up

$270,095

Up $26,532 (+11%) from 2021

Expenses

Up

$238,756

Up $5,374 (+2.3%) from 2021

Net Income

Up

$31,339

Up $21,158 (+208%) from 2021

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

2022

Assets$949,173
Liabilities$68,555
Net Assets$880,618

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

2022

Revenue$270,095
Expenses$238,756
Net Income$31,339
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 13, 2023
Return Version
2022v5.0
Gross Receipts
$270,095
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$341,216$392,909▲ $51,693
Cash and Non-Interest-Bearing Accounts$335,368$389,921▲ $54,553
Savings and Temporary Cash Investments$243,477$160,249▼ $83,228
Prepaid Expenses and Deferred Charges$4,873$5,526▲ $653
Accounts Receivable-$568-
Total Assets$924,934$949,173▲ $24,239
Liabilities
Deferred Revenue$40,150$38,469▼ $1,681
Accounts Payable and Accrued Expenses$13,585$30,086▲ $16,501
Total Liabilities$53,735$68,555▲ $14,820
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$699,885$693,609▼ $6,276
Net Assets With Donor Restrictions$171,314$187,009▲ $15,695
Total Net Assets Fund Balance$871,199$880,618▲ $9,419
Total Liabilities and Net Assets / Fund Balance$924,934$949,173▲ $24,239

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$321,549$259,296$580,845
Other Land Buildings$65,807$18,528$84,335
Equipment$1,989$65,346$67,335
Land$3,564-$3,564

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$161,135$50▼ $18,584-$141,500
2021$137,651$1,818▲ $22,807-$161,135
2020$123,002$100▲ $15,438-$137,651
2019$105,352-▲ $18,508-$123,002
2018$111,222$430▼ $5,451-$105,352
Compensation and Service Providers

Board Members and Trustees

NameTitle
Peter CardamonePresident
Ann SedoreVice President
Cat GersonTrustee
Hannah HackettTrustee
Laurie MccarthyTrustee
Wendy HuttonTrustee
Trice QunilanSecretary
Kim CameronTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$259,061
Program Service Revenue
$7,123
Investment Income
$3,911
Other Revenue
$0
All Other Contributions
$247,111
Change in Net Assets
$31,339
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$152,701
Other Expenses$86,055
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$122,488$13,610-$136,098
Occupancy$10,535$8,842-$19,377
Other Expenses$15,088$324-$15,088
Depreciation Depletion$7,529$6,270-$13,799
Payroll Taxes$9,371$1,041-$10,412
Information Technology$6,496$722-$7,218
Other Employee Benefits$5,572$619-$6,191
Fees for Services Accounting$62$4,157-$4,219
Insurance$2,706$902-$3,608
Advertising$48$912-$960
Office Expenses$451$450-$901
Fees for Services Other$400--$400
All Other Expenses$35$255-$290
Total Functional Expenses$200,652$38,104$0$238,756
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 11B

Electronic copies of the 990 form are presented to management prior to filing.

Form 990, Part VI, Section B, Line 12

y reported conflicts are discussed amonst remaining trustees in executive session.

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
Librarian
Phone
3156968606
Signed
2023-11-13
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
11
Volunteers
10

Preparer

Firm
Clark CPA PC
Address
PO Box 314, Homer, NY 13077
Preparer
Kevin R Clark
Phone
6077496419
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IRS990/ProgSrvcAccomActy2Grp/Desc0REGIONAL ENRICHMENT PROGRAM FULL SPEED AHEAD GRANT PROVIDING EDUCATIONAL OPPORTUNITIES FOR ELEMENTARY AGE STUDENTS IN THE TULLY CENTRAL SCHOOL DISTRICT AND OTHER LOCAL CHILDREN.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt07096
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt010196
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0229445
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt08005
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt080596
IRS990/PYProgramServiceRevenueAmt06113
IRS990/PYRevenuesLessExpensesAmt010181
IRS990/PYSalariesCompEmpBnftPaidAmt0152786
IRS990/PYTotalExpensesAmt0233382
IRS990/PYTotalRevenueAmt0243563
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt031339
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0224273
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0243477
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0160249
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt042611
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt021320
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt010117
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt049949
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt036832
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0160829
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01758
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01231
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt03423
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt04651
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt011064
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99050
IRS990ScheduleA/PublicSupportPY170Pct00.98860
IRS990ScheduleA/PublicSupportTotal170Amt01148741
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt0216450
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt0208125
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt0198214
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt0190590
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt0174533
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt0987912
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0259061
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0229445
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0208331
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0240539
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0211365
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01148741
IRS990ScheduleA/TotalSupportAmt01159805
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BoardDesignatedBalanceEOYPct01.00000
IRS990ScheduleD/BuildingsGrp/BookValueAmt0321549
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0259296
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0580845
IRS990ScheduleD/CollectionUsedOtherPurposesGrp/CollectionUsedOtherPurposesInd0X
IRS990ScheduleD/CollectionUsedOtherPurposesGrp/OtherPurposesDesc0LIBRARY MATERIALS
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt01101
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0161135
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt050
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0141500
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-18584
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt01141
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0137651
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt01818
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0161135
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt022807
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0889
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0123002
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0100
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0137651
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt015438
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0858
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0105352
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0123002
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt018508
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0849
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0111222
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0430
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0105352
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-5451
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt01989
IRS990ScheduleD/EquipmentGrp/DepreciationAmt065346
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt067335
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt03564
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03564
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt065807
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt018528
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt084335
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/SolicitedAssetsSaleInd0false
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0392909
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Electronic copies of the 990 form are presented to management prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1y reported conflicts are discussed amonst remaining trustees in executive session.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0924934
IRS990/TotalAssetsEOYAmt0949173
IRS990/TotalAssetsGrp/BOYAmt0924934
IRS990/TotalAssetsGrp/EOYAmt0949173
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0259061
IRS990/TotalEmployeeCnt011
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt038104
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0200652
IRS990/TotalFunctionalExpensesGrp/TotalAmt0238756
IRS990/TotalGrossUBIAmt00

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
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