Civic Intelligence

Tully Free Library

990 • Fiscal year 2023 • EIN 15-6022787

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

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

83rd percentile

0.47x

Higher debt load relative to assets than 83% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

93rd percentile

2.49x

Higher debt load relative to revenue than 93% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

83rd percentile

32%

Higher net margin than 83% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

94th percentile

96%

Faster asset growth than 94% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

74th percentile

29%

Faster revenue growth than 74% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$1,860,463

Up $911,290 (+96%) from 2022

Net Assets

Up

$990,792

Up $110,174 (+13%) from 2022

Liabilities

Up

$869,671

Up $801,116 (+1169%) from 2022

Revenue

Up

$349,420

Up $79,325 (+29%) from 2022

Expenses

Down

$236,161

Down $2,595 (-1.1%) from 2022

Net Income

Up

$113,259

Up $81,920 (+261%) from 2022

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

2023

Assets$1,860,463
Liabilities$869,671
Net Assets$990,792

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

2023

Revenue$349,420
Expenses$236,161
Net Income$113,259
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.1
Gross Receipts
$349,420
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
Savings and Temporary Cash Investments$160,249$1,018,363▲ $858,114
Land, Buildings, and Equipment, Net$392,909$440,570▲ $47,661
Cash and Non-Interest-Bearing Accounts$389,921$394,876▲ $4,955
Prepaid Expenses and Deferred Charges$5,526$6,639▲ $1,113
Accounts Receivable$568$15▼ $553
Total Assets$949,173$1,860,463▲ $911,290
Liabilities
Deferred Revenue$38,469$800,380▲ $761,911
Accounts Payable and Accrued Expenses$30,086$69,291▲ $39,205
Total Liabilities$68,555$869,671▲ $801,116
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$693,609$844,125▲ $150,516
Net Assets With Donor Restrictions$187,009$146,667▼ $40,342
Total Net Assets Fund Balance$880,618$990,792▲ $110,174
Total Liabilities and Net Assets / Fund Balance$949,173$1,860,463▲ $911,290

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$308,836$272,009$580,845
Leasehold Improvements$126,434-$126,434
Equipment$1,736$84,441$86,177
Land$3,564-$3,564

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$141,500---$141,500
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
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ann SedorePresident
Laurie MccarthyVice President
Dennis WeaverTrustee
Hannah HackettTrustee
Kathy FenlonTrustee
Kim CameronTrustee
Wendy HuttonTrustee
Cat GersonSecretary
Peter CardamoneTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$326,746
Program Service Revenue
$6,723
Investment Income
$15,951
Other Revenue
$0
All Other Contributions
$309,026
Change in Net Assets
$113,259
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$149,899
Other Expenses$86,262
Total Fundraising Expense$4,560
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$122,069$13,563-$135,632
Occupancy$18,072$2,008-$20,080
Depreciation Depletion$11,951$1,328-$13,279
Other Expenses$12,267-$3,534$12,267
Payroll Taxes$8,746$972-$9,718
Information Technology$5,834$648-$6,482
Other Employee Benefits$4,094$455-$4,549
Fees for Services Other$3,370$374-$3,744
Insurance$3,168$352-$3,520
Office Expenses$1,419$158-$1,577
Advertising$128$128$1,026$1,282
Conferences and Meetings$142$16-$158
Total Functional Expenses$211,599$20,002$4,560$236,161
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

Any reported conflicts of interest are discussed amongst 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
2024-11-15
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
12

Preparer

Firm
Clark CPA PC
Address
PO Box 314, Homer, NY 13077-0314
Preparer
Kevin R Clark
Phone
6077496419
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IRS990/ProgramServiceRevenueGrp/Desc0OCPL REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1FEES FINES SERVICES
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04941
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11782
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/ExpenseAmt03410
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0259061
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt03911
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt086055
IRS990/PYProgramServiceRevenueAmt07123
IRS990/PYRevenuesLessExpensesAmt031339
IRS990/PYSalariesCompEmpBnftPaidAmt0152701
IRS990/PYTotalExpensesAmt0238756
IRS990/PYTotalRevenueAmt0270095
IRS990/QuidProQuoContributionsInd0false
IRS990/QuidProQuoContriDisclInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0113259
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0333469
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0160249
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01018363
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0109898
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt042611
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt021320
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt010117
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt049949
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0233895
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt014206
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01758
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01231
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt03423
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt020619
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98400
IRS990ScheduleA/PublicSupportPY170Pct00.99050
IRS990ScheduleA/PublicSupportTotal170Amt01270094
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt0222820
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt0216450
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt0208125
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt0198214
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt0190590
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt01036199
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0332718
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0259061
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0229445
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0208331
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0240539
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01270094
IRS990ScheduleA/TotalSupportAmt01290713
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BoardDesignatedBalanceEOYPct01.00000
IRS990ScheduleD/BuildingsGrp/BookValueAmt0308836
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0272009
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0580845
IRS990ScheduleD/CollectionUsedOtherPurposesGrp/CollectionUsedOtherPurposesInd0X
IRS990ScheduleD/CollectionUsedOtherPurposesGrp/OtherPurposesDesc0LIBRARY MATERIALS
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0141500
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0141500
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt01101
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0161135
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt050
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0141500
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-18584
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt01141
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0137651
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt01818
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0161135
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt022807
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0889
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0123002
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0100
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0137651
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt015438
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0858
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0105352
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0123002
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt018508
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt01736
IRS990ScheduleD/EquipmentGrp/DepreciationAmt084441
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt086177
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt03564
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03564
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0126434
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0126434
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0440570
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Electronic copies of the 990 form are presented to management prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Any reported conflicts of interest are discussed amongst 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/TotalAssetsBOYAmt0949173
IRS990/TotalAssetsEOYAmt01860463
IRS990/TotalAssetsGrp/BOYAmt0949173
IRS990/TotalAssetsGrp/EOYAmt01860463
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0326746
IRS990/TotalEmployeeCnt012
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt04560
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt020002
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0211599
IRS990/TotalFunctionalExpensesGrp/TotalAmt0236161
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt068555
IRS990/TotalLiabilitiesEOYAmt0869671

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
2023Detailed filing. Detailed filing data is available for this year.$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