Civic Intelligence

Olive Free Library Trust Ua 1030056376

990 • Fiscal year 2016 • EIN 16-6172701

Jan 01, 2016 to Dec 31, 2016 • Filed on May 08, 2017

Organization ProfileN/A
Chemung Canal Tr PO Box 1522Elmira, NY 14902

(607) 737-3896

Siviq Scores

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

Liabilities / Assets

16th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • NTEE B • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

15th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • NTEE B • $1M-$5M nonprofits • Source year 2016

Net Margin

93rd percentile

54%

Higher net margin than 93% of similar nonprofits.

2016 filings • NTEE B • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

36th percentile

$20,989

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 12.6% of source-year revenue.

2016 filings • NTEE B • $1M-$5M nonprofits • Source year 2016

Asset Growth

53rd percentile

4.6%

Faster asset growth than 53% of similar nonprofits.

2016 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

83rd percentile

31%

Faster revenue growth than 83% of similar nonprofits.

2016 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets16th percentile

Assets

Up

$2,036,016

Up $89,291 (+4.6%) from 2015

Net Assets

Up

$2,036,016

Up $89,291 (+4.6%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin93rd percentile

Revenue

Up

$165,982

Up $38,961 (+31%) from 2015

Expenses

Down

$76,691

Down $2,174 (-2.8%) from 2015

Net Income

Up

$89,291

Up $41,135 (+85%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth53rd percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $1,886,625Liabilities 2011: $0Net Assets 2011: $1,886,6252011Assets 2012: $1,873,558Liabilities 2012: $0Net Assets 2012: $1,873,5582012Assets 2013: $1,886,029Liabilities 2013: $0Net Assets 2013: $1,886,0292013Assets 2014: $1,898,569Liabilities 2014: $0Net Assets 2014: $1,898,5692014Assets 2015: $1,946,725Liabilities 2015: $0Net Assets 2015: $1,946,7252015Assets 2016: $2,036,016Liabilities 2016: $0Net Assets 2016: $2,036,0162016Assets 2017: $2,204,101Liabilities 2017: $0Net Assets 2017: $2,204,1012017Assets 2018: $2,431,759Liabilities 2018: $0Net Assets 2018: $2,431,7592018Assets 2019: $2,673,494Liabilities 2019: $0Net Assets 2019: $2,673,4942019Assets 2020: $2,784,903Liabilities 2020: $0Net Assets 2020: $2,784,9032020Assets 2021: $3,050,355Liabilities 2021: $0Net Assets 2021: $3,050,3552021Assets 2022: $3,100,181Liabilities 2022: $0Net Assets 2022: $3,100,1812022Assets 2023: $3,097,058Liabilities 2023: $0Net Assets 2023: $3,097,0582023Assets 2024: $3,169,533Liabilities 2024: $0Net Assets 2024: $3,169,5332024

Highlighted filing

2016

Assets$2,036,016
Liabilities$0
Net Assets$2,036,016
Open 2016 Filing

Operations Trend

Revenue Growth83rd percentile

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

$400K$300K$200K$100K$0-$100KExpenses 2011: $64,3572011Expenses 2012: $73,6512012Revenue 2013: $82,133Expenses 2013: $69,662Net Income 2013: $12,4712013Revenue 2014: $85,087Expenses 2014: $72,547Net Income 2014: $12,5402014Revenue 2015: $127,021Expenses 2015: $78,865Net Income 2015: $48,1562015Revenue 2016: $165,982Expenses 2016: $76,691Net Income 2016: $89,2912016Revenue 2017: $273,971Expenses 2017: $106,125Net Income 2017: $167,8462017Revenue 2018: $348,509Expenses 2018: $95,387Net Income 2018: $253,1222018Revenue 2019: $342,424Expenses 2019: $97,903Net Income 2019: $244,5212019Revenue 2020: $195,790Expenses 2020: $83,996Net Income 2020: $111,7942020Revenue 2021: $377,795Expenses 2021: $112,056Net Income 2021: $265,7392021Revenue 2022: $187,903Expenses 2022: $122,007Net Income 2022: $65,8962022Revenue 2023: $105,714Expenses 2023: $114,870Net Income 2023: -$9,1562023Revenue 2024: $213,981Expenses 2024: $140,575Net Income 2024: $73,4062024

Highlighted filing

2016

Revenue$165,982
Expenses$76,691
Net Income$89,291
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 8, 2017
Return Version
2016v3.0
Gross Receipts
$986,558
Mission and Program Overview

Mission

To provide funds in support and maintenance of olive free library of west shokan, new york.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$30,883$2,036,016▲ $2,005,133
Cap Stk Tr Prin Current Funds$1,915,842--
Investments in Publicly Traded Securities$1,873,722$1,912,609▲ $38,887
Savings and Temporary Cash Investments$73,003$123,407▲ $50,404
Total Assets$1,946,725$2,036,016▲ $89,291
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,946,725$2,036,016▲ $89,291
Total Liabilities and Net Assets / Fund Balance$1,946,725$2,036,016▲ $89,291
Compensation and Service Providers
Top Officer Pay36th percentile

Employees

NameTitleFull / Part TimeBaseTotal
-Co TrusteePT$20,989$20,989

Board Members and Trustees

NameTitle
Donald BishopCo Trustee
Garry KvistadCo Trustee
John T MolloyCo Trustee
Sibyl GoldenCo Trustee
Sue Ann SpragueCo Trustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$165,982
Other Revenue
$0
Change in Net Assets
$89,291
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$54,679
Salaries, Compensation, and Employee Benefits$20,989
Other Expenses$1,023
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$54,679--$54,679
Current Officers, Directors, Trustees, and Key Employees$2,099$18,890-$20,989
Other Expenses$250$158-$158
Total Functional Expenses$57,643$19,048$0$76,691
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Olive Free Library AssociationWest Shokan, NY501(c)(3)Support and Maintenance of Library Building and Programs.$54,679
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
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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 2

“Co-trustee don bishop is a beneficary of several other trusts in which chemung canal trust company is also corporate trustee.”

Form 990, Page 6, Part VI, Line 11-description of Process for Review

“The co-trustees review account activity and transactions to ensure they were reported fairly. They also have opportunity to review the form 990 and related schedules to ensure their accuracy.”

Form 990, Page 6, Part VI, Line 19

“CONTACT TRUSTEE DIRECTLY OR VISIT NYS OFFICE OF ATTORNEY GENERAL CHARITIES BUREAU WEBSITE AT www.charitiesnys.com/registrysearch /search_charities.jsp”

Filing and Contact Details

Filer

Filer Name
Olive Free Library Trust Ua 1030056376
EIN
16-6172701
Phone
6077373896
Address
CHEMUNG CANAL TR PO BOX 1522, ELMIRA, NY 14902

Signing Officer

Name
Devin E Wandell
Title
ASS'T TREASURER
Phone
6077373896
Signed
2017-05-08
Discuss with paid preparer
Yes

Organization Details

Formed
1995
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
5
Employees
0

Preparer

Firm
Ernst & Young US Llp
Address
99 WOOD AVE SOUTH, ISELIN, NJ 08830
Preparer
Heather a Hawes
Phone
7327679100
Raw XML Appendix326 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/ExplanationTxt0CO-TRUSTEE DON BISHOP IS A BENEFICARY OF SEVERAL OTHER TRUSTS IN WHICH CHEMUNG CANAL TRUST COMPANY IS ALSO CORPORATE TRUSTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CO-TRUSTEES REVIEW ACCOUNT ACTIVITY AND TRANSACTIONS TO ENSURE THEY WERE REPORTED FAIRLY. THEY ALSO HAVE OPPORTUNITY TO REVIEW THE FORM 990 AND RELATED SCHEDULES TO ENSURE THEIR ACCURACY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONTACT TRUSTEE DIRECTLY OR VISIT NYS OFFICE OF ATTORNEY GENERAL CHARITIES BUREAU WEBSITE AT www.charitiesnys.com/registrysearch /search_charities.jsp
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt057643
IRS990/TotalReportableCompFromOrgAmt020989
IRS990/TotalRevenueGrp/ExclusionAmt0165982
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0165982
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IRS990/TypeOfOrganizationTrustInd0X
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IRS990/USAddress/ZIPCd014902
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IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DEVIN E WANDELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0ASS'T TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06077373896
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OLIVE FREE LIBRARY TRUST UA 1030056376
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0192.168.85.1
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ISELIN
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ReturnHeader/PreparerPersonGrp/PreparationDt02017-05-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0HEATHER A HAWES
ReturnHeader/ReturnTs02017-05-09T11:00:18-05:00
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ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,036,016
Liabilities
$0
Net assets
$2,036,016
Revenue
$165,982
Expenses
$76,691
Net income
$89,291
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.17$0.00$3.17$0.21$0.14$0.07
2023Detailed filing. Detailed filing data is available for this year.$3.10$0.00$3.10$0.11$0.11$0.01
2022Detailed filing. Detailed filing data is available for this year.$3.10$0.00$3.10$0.19$0.12$0.07
2021Detailed filing. Detailed filing data is available for this year.$3.05$0.00$3.05$0.38$0.11$0.27
2020Detailed filing. Detailed filing data is available for this year.$2.78$0.00$2.78$0.20$0.08$0.11
2019Detailed filing. Detailed filing data is available for this year.$2.67$0.00$2.67$0.34$0.10$0.24
2018Detailed filing. Detailed filing data is available for this year.$2.43$0.00$2.43$0.35$0.10$0.25
2017Detailed filing. Detailed filing data is available for this year.$2.20$0.00$2.20$0.27$0.11$0.17
2016Detailed filing. Detailed filing data is available for this year.$2.04$0.00$2.04$0.17$0.08$0.09
2015Detailed filing. Detailed filing data is available for this year.$1.95$0.00$1.95$0.13$0.08$0.05
2014Detailed filing. Detailed filing data is available for this year.$1.90$0.00$1.90$0.09$0.07$0.01
2013Detailed filing. Detailed filing data is available for this year.$1.89$0.00$1.89$0.08$0.07$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.87$0.00$1.87$0.07
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.89$0.00$1.89$0.06