Civic Intelligence

Potsdam Public Library

990 • Fiscal year 2024 • EIN 16-1760369

Jul 01, 2023 to Jun 30, 2024 • Filed on May 15, 2025

2 Park StreetPotsdam, NY 13676

(315) 265-7230

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

48th percentile

0.06x

Higher debt load relative to assets than 48% of similar nonprofits.

2024 filings • NTEE B • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

64th percentile

0.16x

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

2024 filings • NTEE B • $1M-$5M nonprofits • Source year 2024

Net Margin

16th percentile

-14%

Higher net margin than 16% of similar nonprofits.

2024 filings • NTEE B • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

38th percentile

$0

Higher top officer pay than 38% of similar nonprofits.

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

2024 filings • NTEE B • $1M-$5M nonprofits • Source year 2024

Asset Growth

36th percentile

-0.8%

Faster asset growth than 36% of similar nonprofits.

2024 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

25th percentile

-5.8%

Faster revenue growth than 25% of similar nonprofits.

2024 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,628,431

Down $12,863 (-0.8%) from 2023

Net Assets

Down

$1,526,137

Down $92,886 (-5.7%) from 2023

Liabilities

Up

$102,294

Up $80,023 (+359%) from 2023

Revenue

Down

$646,611

Down $39,535 (-5.8%) from 2023

Expenses

Up

$739,497

Up $90,654 (+14%) from 2023

Net Income

Down

-$92,886

Down $130,189 (-349%) from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2011: $745,534Liabilities 2011: $25,690Net Assets 2011: $719,8442011Assets 2012: $727,542Liabilities 2012: $27,099Net Assets 2012: $700,4432012Assets 2013: $690,956Liabilities 2013: $25,949Net Assets 2013: $665,0072013Assets 2014: $615,198Liabilities 2014: $22,167Net Assets 2014: $593,0312014Assets 2015: $591,173Liabilities 2015: $32,933Net Assets 2015: $558,2402015Assets 2016: $595,467Liabilities 2016: $31,031Net Assets 2016: $564,4362016Assets 2017: $604,283Liabilities 2017: $26,793Net Assets 2017: $577,4902017Assets 2018: $589,738Liabilities 2018: $47,931Net Assets 2018: $541,8072018Assets 2019: $882,125Liabilities 2019: $60,933Net Assets 2019: $821,1922019Assets 2020: $1,137,496Liabilities 2020: $36,298Net Assets 2020: $1,101,1982020Assets 2021: $1,558,033Liabilities 2021: $27,522Net Assets 2021: $1,530,5112021Assets 2022: $1,618,234Liabilities 2022: $36,514Net Assets 2022: $1,581,7202022Assets 2023: $1,641,294Liabilities 2023: $22,271Net Assets 2023: $1,619,0232023Assets 2024: $1,628,431Liabilities 2024: $102,294Net Assets 2024: $1,526,1372024

Highlighted filing

2024

Assets$1,628,431
Liabilities$102,294
Net Assets$1,526,137

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KExpenses 2011: $591,7872011Expenses 2012: $610,4302012Revenue 2013: $597,893Expenses 2013: $633,329Net Income 2013: -$35,4362013Revenue 2014: $525,292Expenses 2014: $595,362Net Income 2014: -$70,0702014Revenue 2015: $550,607Expenses 2015: $584,595Net Income 2015: -$33,9882015Revenue 2016: $566,715Expenses 2016: $562,450Net Income 2016: $4,2652016Revenue 2017: $596,215Expenses 2017: $583,161Net Income 2017: $13,0542017Revenue 2018: $620,041Expenses 2018: $655,724Net Income 2018: -$35,6832018Revenue 2019: $845,788Expenses 2019: $622,524Net Income 2019: $223,2642019Revenue 2020: $883,037Expenses 2020: $596,645Net Income 2020: $286,3922020Revenue 2021: $982,637Expenses 2021: $553,324Net Income 2021: $429,3132021Revenue 2022: $707,739Expenses 2022: $637,441Net Income 2022: $70,2982022Revenue 2023: $686,146Expenses 2023: $648,843Net Income 2023: $37,3032023Revenue 2024: $646,611Expenses 2024: $739,497Net Income 2024: -$92,8862024

Highlighted filing

2024

Revenue$646,611
Expenses$739,497
Net Income-$92,886
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$646,611
Mission and Program Overview

Mission

To assemble, preserve, and provide printed, electronic and other materials that will meet the day-to-day educational, informational, cultural, and recreational interests and needs of the community in compliance with local, state, and federal laws.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,327,438$1,289,930▼ $37,508
Cash and Non-Interest-Bearing Accounts$202,320$187,050▼ $15,270
Prepaid Expenses and Deferred Charges$4,005--
Total Assets$1,641,294$1,628,431▼ $12,863
Other Assets Total$107,531$151,451▲ $43,920
Liabilities
Accounts Payable and Accrued Expenses$22,271$102,294▲ $80,023
Total Liabilities$22,271$102,294▲ $80,023
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,619,023$1,526,137▼ $92,886
Total Net Assets Fund Balance$1,619,023$1,526,137▼ $92,886
Total Liabilities and Net Assets / Fund Balance$1,641,294$1,628,431▼ $12,863

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,273,917$182,240$1,456,157
Equipment$2,559$24,913$27,472
Leasehold Improvements$13,454$4,983$18,437
Other Land Buildings-$3,444$3,444
Other Assets Org$151,451--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mary CabralPresident
Cynthia Cynde MorinTrustee
Daniel Ben-avrahamTrustee
David TrihartTrustee
Janice BrownTrustee
Annie DaveyLibrary Dire
Tammera MadejaSecretary
Abby DecastroTreasurer
Sandra MccloyVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$34,917
Program Service Revenue
$606,664
Investment Income
$26
Other Revenue
$5,004
All Other Contributions
$4,251
Change in Net Assets
$-92,886
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$592,913
Other Expenses$146,584
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$362,145$107,149-$469,294
Pension Plan Contributions$45,086$3,656-$48,742
Other Employee Benefits$42,782$2,890-$45,672
Depreciation Depletion$37,508--$37,508
Office Expenses$28,522$6,528-$35,050
Payroll Taxes$22,562$6,643-$29,205
Occupancy$26,783$510-$27,293
Insurance$14,702$3,141-$17,843
Fees for Services Accounting-$5,000-$5,000
Advertising$1,624$841-$2,465
Fees for Services Other$1,974--$1,974
Conferences and Meetings$666--$666
Travel$277--$277
Other Expenses$100--$100
Total Functional Expenses$603,139$136,358$0$739,497
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
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, Page 6, Part VI, Line 11B

A copy of the return is provided to the library director who distributes it to the board of directors for review and approval. Once approved, the directors returns the e-file authorization certificate and the return is e-filed.

Form 990, Page 6, Part VI, Line 12C

The potsdam public library has the members of the board of directors complete an annual conflict of interest policy that is reviewed by the board president for any conflicts. Should a conflict arise or there is an issue, it would be brought to the attention of the board of directors so that an appropriate resolution could be found.

Form 990, Page 6, Part VI, Line 15A

The compensation of the director is reviewed and approved by the board of directors on a regular basis, this includes any increases in salary and any bonuses.

Form 990, Page 6, Part VI, Line 19

For a copy of any document open to public inspection, please call the library director, patricia musante, at 315-265-7230. Certain documents and policies are available on the organization's website which can be accessed at www.potsdamlibrary.org

Filing and Contact Details

Filer

Filer Name
Potsdam Public Library
EIN
16-1760369
Phone
3152657230
Address
2 PARK STREET, POTSDAM, NY 13676

Signing Officer

Name
Annie Davey
Title
Library Director
Phone
3152657230
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Annie Davey
Formed
2006
Legal Domicile
Ny
Voting Board Members
10
Independent Board Members
10
Employees
16
Volunteers
10

Preparer

Firm
John C Parcell Iv CPA Cfe
Address
6711 US HIGHWAY 11, CANTON, NY 13617
Preparer
John C Parcell Iv CPA
Phone
3152655222
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To assemble, preserve, and provide printed, electronic and other materials that will meet the day-to-day educational, informational, cultural, and recreational interests and needs of the community in compliance with local, state, and federal laws.

Form 990, Page 1, Part I, Line 6

Volunteers donate their time performing needed tasks such as cleaning and dusting books and periodicals, calling patrons on matters regarding library materials and other needed tasks that support the operations of the library.

Raw XML Appendix376 raw XML fields

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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1VOLUNTEERS DONATE THEIR TIME PERFORMING NEEDED TASKS SUCH AS CLEANING AND DUSTING BOOKS AND PERIODICALS, CALLING PATRONS ON MATTERS REGARDING LIBRARY MATERIALS AND OTHER NEEDED TASKS THAT SUPPORT THE OPERATIONS OF THE LIBRARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF THE RETURN IS PROVIDED TO THE LIBRARY DIRECTOR WHO DISTRIBUTES IT TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL. ONCE APPROVED, THE DIRECTORS RETURNS THE E-FILE AUTHORIZATION CERTIFICATE AND THE RETURN IS E-FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE POTSDAM PUBLIC LIBRARY HAS THE MEMBERS OF THE BOARD OF DIRECTORS COMPLETE AN ANNUAL CONFLICT OF INTEREST POLICY THAT IS REVIEWED BY THE BOARD PRESIDENT FOR ANY CONFLICTS. SHOULD A CONFLICT ARISE OR THERE IS AN ISSUE, IT WOULD BE BROUGHT TO THE ATTENTION OF THE BOARD OF DIRECTORS SO THAT AN APPROPRIATE RESOLUTION COULD BE FOUND.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE COMPENSATION OF THE DIRECTOR IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS ON A REGULAR BASIS, THIS INCLUDES ANY INCREASES IN SALARY AND ANY BONUSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FOR A COPY OF ANY DOCUMENT OPEN TO PUBLIC INSPECTION, PLEASE CALL THE LIBRARY DIRECTOR, PATRICIA MUSANTE, AT 315-265-7230. CERTAIN DOCUMENTS AND POLICIES ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE WHICH CAN BE ACCESSED AT WWW.POTSDAMLIBRARY.ORG
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ReturnHeader/ReturnTs02025-05-15T20:20:23-04:00
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ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.63$0.10$1.53$0.65$0.74$0.09
2023Detailed filing. Detailed filing data is available for this year.$1.64$0.02$1.62$0.69$0.65$0.04
2022Detailed filing. Detailed filing data is available for this year.$1.62$0.04$1.58$0.71$0.64$0.07
2021Detailed filing. Detailed filing data is available for this year.$1.56$0.03$1.53$0.98$0.55$0.43
2020Detailed filing. Detailed filing data is available for this year.$1.14$0.04$1.10$0.88$0.60$0.29
2019Detailed filing. Detailed filing data is available for this year.$0.88$0.06$0.82$0.85$0.62$0.22
2018Detailed filing. Detailed filing data is available for this year.$0.59$0.05$0.54$0.62$0.66$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.60$0.03$0.58$0.60$0.58$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.60$0.03$0.56$0.57$0.56$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.59$0.03$0.56$0.55$0.58$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.62$0.02$0.59$0.53$0.60$0.07
2013Summary only. Only limited summary data is available for this year.$0.69$0.03$0.67$0.60$0.63$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.73$0.03$0.70$0.61
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.75$0.03$0.72$0.59
Peer Organizations

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