Form 990, Part VI, Section B, Line 11B
“The form 990 is presented to the entire board at a regular monthly meeting for their review prior to the filing.”
990 • Fiscal year 2018 • EIN 16-0864990
Scores are not available for this record yet.
Assets
Flat$1,229,727
Flat from 2018
Net Assets
Flat$575,064
Flat from 2018
Liabilities
Flat$654,663
Flat from 2018
Revenue
Flat$555,255
Flat from 2018
Expenses
Flat$525,107
Flat from 2018
Net Income
Flat$30,148
Flat from 2018
Our purpose is to be a strong community partner by providing inclusive access to information, technology, and educational resources. We strive to foster lifelong learning, civic engagement, cultural enrichment, and social connection through responsive and innovative services and programs.
To promote and nurture a sense of community by offering the space and resources for educational, recreational, and cultural enrichment for patrons of all ages.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $474,940 | $543,851 | ▲ $68,911 |
| Land, Buildings, and Equipment, Net | $523,972 | $512,481 | ▼ $11,491 |
| Savings and Temporary Cash Investments | $149,537 | $149,656 | ▲ $119 |
| Investments Other Securities | $18,996 | $17,371 | ▼ $1,625 |
| Pledges and Grants Receivable | - | $6,339 | - |
| Prepaid Expenses and Deferred Charges | - | $29 | - |
| Total Assets | $1,167,445 | $1,229,727 | ▲ $62,282 |
| Liabilities | |||
| Deferred Revenue | $478,367 | $556,586 | ▲ $78,219 |
| Mortgage Notes Payable Secured by Investment Property | $126,464 | $80,234 | ▼ $46,230 |
| Accounts Payable and Accrued Expenses | $16,073 | $17,843 | ▲ $1,770 |
| Total Liabilities | $620,904 | $654,663 | ▲ $33,759 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $546,541 | $575,064 | ▲ $28,523 |
| Total Net Assets Fund Balance | $546,541 | $575,064 | ▲ $28,523 |
| Total Liabilities and Net Assets / Fund Balance | $1,167,445 | $1,229,727 | ▲ $62,282 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $507,097 | $435,482 | $942,579 |
| Equipment | $5,384 | $205,272 | $210,656 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Tim Niver | Library Director | FT | $60,986 | $6,464 | $67,450 |
| Name | Title |
|---|---|
| Jim Myers | President |
| Bea Parker | Vice President |
| Bonnie Wallace | Director |
| Brad Malone | Director |
| Pat Bartholomew | Director |
| Rose Hancock | Director |
| Suzanne Kacprzynski | Director |
| Daisy Fantauzzi | Secretary |
| Geoffrey Bernhardt | Treasurer |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $338,422 |
| Other Expenses | $186,685 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $228,875 | $8,343 | - | $237,218 |
| Current Officers, Directors, Trustees, and Key Employees | $13,490 | $53,960 | - | $67,450 |
| Depreciation Depletion | $27,421 | $3,040 | - | $30,461 |
| Fees for Services Other | $12,306 | $11,731 | - | $24,037 |
| Payroll Taxes | $20,798 | $2,534 | - | $23,332 |
| Occupancy | $11,466 | $1,271 | - | $12,737 |
| Office Expenses | $9,727 | - | - | $9,727 |
| Other Employee Benefits | $9,678 | - | - | $9,678 |
| Interest | $6,735 | $747 | - | $7,482 |
| Fees for Services Accounting | - | $7,425 | - | $7,425 |
| Insurance | $4,084 | $453 | - | $4,537 |
| Other Expenses | $3,949 | $1,731 | - | $3,949 |
| All Other Expenses | $1,925 | - | - | $1,925 |
| Pension Plan Contributions | $744 | - | - | $744 |
| Fees for Services Legal | - | $608 | - | $608 |
| Total Functional Expenses | $433,264 | $91,843 | $0 | $525,107 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $525,107 |
| Total Expenses per Audited Statements | $525,107 |
| Total Expenses per Form 990 | $525,107 |
| Expenses Not Reported on Financial Statements | $0 |
| Expenses Not Reported on Form 990 | $0 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“The form 990 is presented to the entire board at a regular monthly meeting for their review prior to the filing.”
“On an annual basis, each board member signs a conflict of interest disclosure form in accordance with the conflict of interest policy.”
“As part of the annual review process, the board reviews and approves the library director's salary.”
“The documents required to be made publically available are maintained at the library and are available upon request.”
“The board of trustees reviews the results of the audit with the independent auditor at a regularly scheduled board meeting.”
“In accordance with common library practice, the library has not reflected the value of collections on its financial statements. Purchases of or proceeds from the sale of collection items are recorded as changes in unrestricted net assets in the year the transaction occurs. Collection items received as donations are not recorded as income in the statement of activities and change in net assets.”
“The library's collection consists of books and other media items for community members to utilize.”
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/Desc | 0 | THE VICTOR FARMINGTON LIBRARY PROVIDES MATERIALS AND SERVICES TO HELP COMMUNITY RESIDENTS OBTAIN INFORMATION MEETING THEIR PERSONAL, EDUCATIONAL AND PROFESSIONAL NEEDS AS WELL AS PROVIDING CULTURAL AND LEISURE MATERIALS. SPECIAL EMPHASIS IS PLACED ON SUPPORTING STUDENTS AT ALL ACADEMIC LEVELS AND ON STIMULATING YOUNG CHILDREN'S INTERESTS IN READING AND LEARNING. THE LIBRARY EXISTS TO PROVIDE QUALITY SERVICE TO THE RESIDENTS OF THE VICTOR CENTRAL SCHOOL DISTRICT IN AN OPEN AND NON-JUDGMENTAL ENVIRONMENT WITH FREE ACCESS TO LIBRARY MATERIALS IN A VARIETY OF FORMATS. |
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| IRS990/MissionDesc | 0 | THE VICTOR FARMINGTON LIBRARY PROMOTES AND NURTURES A SENSE OF COMMUNITY BY OFFERING THE SPACE AND RESOURCES FOR EDUCATIONAL, RECREATIONAL, AND CULTURAL ENRICHMENT FOR PATRONS OF ALL AGES. |
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| IRS990/PYRevenuesLessExpensesAmt | 0 | 1767 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 354756 |
| IRS990/PYTotalExpensesAmt | 0 | 524777 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 526544 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 30148 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 0 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 26115 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 149537 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 149656 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 528782 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 497911 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 496571 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 440876 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 436154 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 2400294 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 358 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 316 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 326 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 276 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 2592 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 3868 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 142936 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.99840 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.99850 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 2400294 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 528782 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 497911 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 496571 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 440876 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 436154 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 2400294 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 2404162 |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 507097 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 435482 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 942579 |
| IRS990ScheduleD/CollectionUsedPubExhibitionInd | 0 | X |
| IRS990ScheduleD/CollUsedLoanOrExchProgInd | 0 | X |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 5384 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 205272 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 210656 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 525107 |
| IRS990ScheduleD/NetUnrealizedGainsInvstAmt | 0 | -1625 |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | -1625 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 555255 |
| IRS990ScheduleD/SolicitedAssetsSaleInd | 0 | 0 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | IN ACCORDANCE WITH COMMON LIBRARY PRACTICE, THE LIBRARY HAS NOT REFLECTED THE VALUE OF COLLECTIONS ON ITS FINANCIAL STATEMENTS. PURCHASES OF OR PROCEEDS FROM THE SALE OF COLLECTION ITEMS ARE RECORDED AS CHANGES IN UNRESTRICTED NET ASSETS IN THE YEAR THE TRANSACTION OCCURS. COLLECTION ITEMS RECEIVED AS DONATIONS ARE NOT RECORDED AS INCOME IN THE STATEMENT OF ACTIVITIES AND CHANGE IN NET ASSETS. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | THE LIBRARY'S COLLECTION CONSISTS OF BOOKS AND OTHER MEDIA ITEMS FOR COMMUNITY MEMBERS TO UTILIZE. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART III, LINE 1A: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | PART III, LINE 4: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 512481 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 525107 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 555255 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 553630 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 525107 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE FORM 990 IS PRESENTED TO THE ENTIRE BOARD AT A REGULAR MONTHLY MEETING FOR THEIR REVIEW PRIOR TO THE FILING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | ON AN ANNUAL BASIS, EACH BOARD MEMBER SIGNS A CONFLICT OF INTEREST DISCLOSURE FORM IN ACCORDANCE WITH THE CONFLICT OF INTEREST POLICY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | AS PART OF THE ANNUAL REVIEW PROCESS, THE BOARD REVIEWS AND APPROVES THE LIBRARY DIRECTOR'S SALARY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE DOCUMENTS REQUIRED TO BE MADE PUBLICALLY AVAILABLE ARE MAINTAINED AT THE LIBRARY AND ARE AVAILABLE UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE BOARD OF TRUSTEES REVIEWS THE RESULTS OF THE AUDIT WITH THE INDEPENDENT AUDITOR AT A REGULARLY SCHEDULED BOARD MEETING. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART XII, LINE 2C: |
| IRS990/SchoolOperatingInd | 0 | 0 |
| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | 0 |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TempOrPermanentEndowmentsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
| IRS990/TotalAssetsBOYAmt | 0 | 1167445 |
| IRS990/TotalAssetsEOYAmt | 0 | 1229727 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 1167445 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 1229727 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalContributionsAmt | 0 | 528782 |
| IRS990/TotalEmployeeCnt | 0 | 23 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 91843 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 433264 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 525107 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 620904 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 654663 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 620904 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 654663 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 546541 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 575064 |
| IRS990/TotalOtherCompensationAmt | 0 | 6464 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 433264 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 26115 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 60986 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 358 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 26115 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 555255 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/TotalVolunteersCnt | 0 | 25 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 1167445 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 1229727 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | 0 |
| IRS990/UnrestrictedNetAssetsGrp/BOYAmt | 0 | 546541 |
| IRS990/UnrestrictedNetAssetsGrp/EOYAmt | 0 | 575064 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 15 WEST MAIN STREET |
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Displayed year
2018 • Form 990Detailed filing. Detailed filing data is available for this year.