Civic Intelligence

Oceanic Free Library Association

990 • Fiscal year 2016 • EIN 21-0644462

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 10, 2017

109 Avenue Of Two RiversRumson, NJ 07760

(732) 842-2692

Siviq Scores

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

Liabilities / Assets

27th percentile

0.00x

Higher debt load relative to assets than 27% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

29th percentile

0.00x

Higher debt load relative to revenue than 29% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

16th percentile

-18%

Higher net margin than 16% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

30th percentile

-3.4%

Faster asset growth than 30% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

19th percentile

-16%

Faster revenue growth than 19% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Down

$682,605

Down $24,053 (-3.4%) from 2015

Net Assets

Down

$682,284

Down $24,320 (-3.4%) from 2015

Liabilities

Up

$321

Up $267 (+494%) from 2015

Revenue

Down

$136,778

Down $25,999 (-16%) from 2015

Expenses

Up

$160,922

Up $10,445 (+6.9%) from 2015

Net Income

Down

-$24,144

Down $36,444 (-296%) from 2015

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2010: $608,904Liabilities 2010: $294Net Assets 2010: $608,6102010Assets 2011: $601,677Liabilities 2011: $314Net Assets 2011: $601,3632011Assets 2012: $596,792Liabilities 2012: $0Net Assets 2012: $596,7922012Assets 2013: $565,162Liabilities 2013: $0Net Assets 2013: $565,1622013Assets 2014: $694,304Liabilities 2014: $0Net Assets 2014: $694,3042014Assets 2015: $706,658Liabilities 2015: $54Net Assets 2015: $706,6042015Assets 2016: $682,605Liabilities 2016: $321Net Assets 2016: $682,2842016Assets 2017: $691,702Liabilities 2017: $47Net Assets 2017: $691,6552017Assets 2018: $718,332Liabilities 2018: $34Net Assets 2018: $718,2982018Assets 2019: $742,407Liabilities 2019: $34Net Assets 2019: $742,3732019Assets 2020: $849,262Liabilities 2020: $10Net Assets 2020: $849,2522020Assets 2021: $905,484Liabilities 2021: $231Net Assets 2021: $905,2532021Assets 2022: $929,508Liabilities 2022: $270Net Assets 2022: $929,2382022Assets 2023: $984,250Liabilities 2023: $353Net Assets 2023: $983,8972023Assets 2024: $1,015,741Liabilities 2024: $330Net Assets 2024: $1,015,4112024

Highlighted filing

2016

Assets$682,605
Liabilities$321
Net Assets$682,284

Operations Trend

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

$300K$200K$100K$0-$100KExpenses 2010: $137,6172010Expenses 2011: $153,5862011Expenses 2012: $167,3752012Revenue 2013: $140,754Expenses 2013: $172,384Net Income 2013: -$31,6302013Revenue 2014: $299,112Expenses 2014: $175,557Net Income 2014: $123,5552014Revenue 2015: $162,777Expenses 2015: $150,477Net Income 2015: $12,3002015Revenue 2016: $136,778Expenses 2016: $160,922Net Income 2016: -$24,1442016Revenue 2017: $176,224Expenses 2017: $166,853Net Income 2017: $9,3712017Revenue 2018: $203,440Expenses 2018: $176,797Net Income 2018: $26,6432018Revenue 2019: $189,069Expenses 2019: $164,994Net Income 2019: $24,0752019Revenue 2020: $254,652Expenses 2020: $167,113Net Income 2020: $87,5392020Revenue 2021: $262,918Expenses 2021: $206,917Net Income 2021: $56,0012021Revenue 2022: $207,890Expenses 2022: $183,905Net Income 2022: $23,9852022Revenue 2023: $236,320Expenses 2023: $181,661Net Income 2023: $54,6592023Revenue 2024: $230,965Expenses 2024: $199,451Net Income 2024: $31,5142024

Highlighted filing

2016

Revenue$136,778
Expenses$160,922
Net Income-$24,144
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 10, 2017
Return Version
2016v3.0
Gross Receipts
$173,751
Mission and Program Overview

Mission

To provide books, periodicals, and videos to the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$199,805$340,442▲ $140,637
Land, Buildings, and Equipment, Net$202,100$222,915▲ $20,815
Savings and Temporary Cash Investments$253,804$83,606▼ $170,198
Cash and Non-Interest-Bearing Accounts$50,949$35,642▼ $15,307
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$706,658$682,605▼ $24,053
Other Assets Total-$0-
Liabilities
Other Liabilities$54$321▲ $267
Total Liabilities$54$321▲ $267
Net Assets / Fund Balance
Unrestricted Net Assets$531,445$424,510▼ $106,935
Temporarily Rstr Net Assets$175,159$257,774▲ $82,615
Total Net Assets Fund Balance$706,604$682,284▼ $24,320
Total Liabilities and Net Assets / Fund Balance$706,658$682,605▼ $24,053

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$201,119$134,691$335,810
Other Land Buildings$21,796$95,516$117,312
Equipment-$571$571
Compensation and Service Providers

Board Members and Trustees

NameTitle
Carolyn MillerPresident
MARGOT O'CONNORVice President
Ann Marie ErwinBoard Member
Dan MeeBoard Member
Donna FernandezBoard Member
Ed PomphreyBoard Member
Nancy HaarenBoard Member
Rosanna FazioBoard Member
Taryn IwanBoard Member
Teresa SperberBoard Member
Tina ScarroneBoard Member
Jeremy MinnetianSecretary
Doug RossbachTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$128,853
Program Service Revenue
$9,749
Investment Income
$-6,373
Other Revenue
$4,549
All Other Contributions
$51,702
Change in Net Assets
$-24,144
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$82,059
Other Expenses$78,863
Total Fundraising Expense$3,746
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$75,401--$75,401
Depreciation Depletion$27,171--$27,171
All Other Expenses$7,929$5,585$65$13,579
Insurance$9,470$1,434-$10,904
Payroll Taxes$6,658--$6,658
Other Expenses$3,741$79$3,563$3,563
Fees for Services Accounting-$2,540-$2,540
Office Expenses$2,176$114-$2,290
Total Functional Expenses$146,680$10,496$3,746$160,922
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Taxes Withheld & Payable$321
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The treasurer reviews the 990 form before it is filed and approves it to be electronically filed.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The board of directors determines the salary range for the head librarian who runs the library on a daily basis.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Upon request these documents can be reviewed by any individual during the library's normal business hours.

Filing and Contact Details

Filer

Filer Name
Oceanic Free Library Association
EIN
21-0644462
Phone
7328422692
Address
109 AVENUE OF TWO RIVERS, RUMSON, NJ 07760

Signing Officer

Name
Doug Rossbach
Title
Treasurer
Signed
2017-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Doug Rossbach
Formed
1956
Legal Domicile
Nj
Voting Board Members
13
Independent Board Members
13
Employees
10
Volunteers
13

Preparer

Firm
Mahon McKenzie & Colson CPAs LLC
Address
2444 Highway 34, Manasquan, NJ 08736
Preparer
Joseph Colson CPA
Phone
7327228777
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

PENALTIES = -$176

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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/NetAssetsOrFundBalancesBOYAmt0706604
IRS990/NetAssetsOrFundBalancesEOYAmt0682284
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-15316
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-15316
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0114
IRS990/OfficeExpensesGrp/ProgramServicesAmt02176
IRS990/OfficeExpensesGrp/TotalAmt02290
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt0-176
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2TELEPHONE
IRS990/OtherExpensesGrp/Desc3FUND RAISING-ANNUAL APPEAL
IRS990/OtherExpensesGrp/FundraisingAmt0118
IRS990/OtherExpensesGrp/FundraisingAmt13563
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0443
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1301
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt279
IRS990/OtherExpensesGrp/ProgramServicesAmt08412
IRS990/OtherExpensesGrp/ProgramServicesAmt15722
IRS990/OtherExpensesGrp/ProgramServicesAmt23741
IRS990/OtherExpensesGrp/TotalAmt08855
IRS990/OtherExpensesGrp/TotalAmt16023
IRS990/OtherExpensesGrp/TotalAmt23938
IRS990/OtherExpensesGrp/TotalAmt33563
IRS990/OtherLiabilitiesGrp/BOYAmt054
IRS990/OtherLiabilitiesGrp/EOYAmt0321
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt04549
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt04549
IRS990/OtherRevenueTotalAmt04549
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt075401
IRS990/OtherSalariesAndWagesGrp/TotalAmt075401
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt06658
IRS990/PayrollTaxesGrp/TotalAmt06658
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0DOUG ROSSBACH
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0LATE FINES
IRS990/ProgramServiceRevenueGrp/Desc1MONMOUTH CNTY PROGRAM REV
IRS990/ProgramServiceRevenueGrp/Desc2TUTOR FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt06303
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12366
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21080
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06303
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12366
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21080
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0141997
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt09376
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt071099
IRS990/PYOtherRevenueAmt03674
IRS990/PYProgramServiceRevenueAmt07730
IRS990/PYRevenuesLessExpensesAmt012300
IRS990/PYSalariesCompEmpBnftPaidAmt079378
IRS990/PYTotalExpensesAmt0150477
IRS990/PYTotalRevenueAmt0162777
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-24144
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt09749
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0253804
IRS990/SavingsAndTempCashInvstGrp/EOYAmt083606
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0128853
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0141997
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0271972
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0124145
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0140934
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0807901
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt08943
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt09376
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt013378
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt012254
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt014716
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt058667
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt09749
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt07730
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt08056
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt06842
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt05737
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt038114
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt08943
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt09376
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt013378
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt012254
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt014716
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt058667
IRS990ScheduleA/InvestmentIncomeCYPct00.06500
IRS990ScheduleA/InvestmentIncomePYPct00.06700
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0-10767
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt03674
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt05706
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0-2487
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt01417
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0-2457
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.93770
IRS990ScheduleA/PublicSupportPY509Pct00.92230
IRS990ScheduleA/PublicSupportTotal509Amt0846015
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0138602

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.02$0.00$1.02$0.23$0.20$0.03
2023Detailed filing. Detailed filing data is available for this year.$0.98$0.00$0.98$0.24$0.18$0.05
2022Detailed filing. Detailed filing data is available for this year.$0.93$0.00$0.93$0.21$0.18$0.02
2021Detailed filing. Detailed filing data is available for this year.$0.91$0.00$0.91$0.26$0.21$0.06
2020Detailed filing. Detailed filing data is available for this year.$0.85$0.00$0.85$0.25$0.17$0.09
2019Detailed filing. Detailed filing data is available for this year.$0.74$0.00$0.74$0.19$0.16$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.72$0.00$0.72$0.20$0.18$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.69$0.00$0.69$0.18$0.17$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.68$0.00$0.68$0.14$0.16$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.71$0.00$0.71$0.16$0.15$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.69$0.00$0.69$0.30$0.18$0.12
2013Detailed filing. Detailed filing data is available for this year.$0.57$0.00$0.57$0.14$0.17$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.60$0.00$0.60$0.17
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.60$0.00$0.60$0.15
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.61$0.00$0.61$0.14