Civic Intelligence

Downingtown Library Company

990 • Fiscal year 2016 • EIN 23-1440113

Jan 01, 2016 to Dec 31, 2016 • Filed on Aug 14, 2017

122 Wallace AvenueDowningtown, PA 19335

(610) 269-2741

Siviq Scores

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

Liabilities / Assets

26th percentile

0.00x

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

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

Liabilities / Revenue

26th percentile

0.00x

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

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

Net Margin

92nd percentile

51%

Higher net margin than 92% of similar nonprofits.

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

Top Officer Pay

73rd percentile

$63,524

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 8.9% of source-year revenue.

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

Asset Growth

16th percentile

-10%

Faster asset growth than 16% of similar nonprofits.

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

Revenue Growth

10th percentile

-33%

Faster revenue growth than 10% of similar nonprofits.

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

Assets

Down

$364,919

Down $42,033 (-10%) from 2015

Net Assets

Down

$364,919

Down $42,033 (-10%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue

Down

$710,303

Down $354,531 (-33%) from 2015

Expenses

Down

$344,943

Down $27,913 (-7.5%) from 2015

Net Income

Down

$365,360

Down $326,618 (-47%) from 2015

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2011: $345,055Liabilities 2011: $1,993Net Assets 2011: $343,0622011Assets 2012: $333,605Liabilities 2012: $1,790Net Assets 2012: $331,8152012Assets 2013: $420,030Liabilities 2013: $1,790Net Assets 2013: $418,2402013Assets 2014: $392,333Liabilities 2014: $1,790Net Assets 2014: $390,5432014Assets 2015: $406,952Liabilities 2015: $0Net Assets 2015: $406,9522015Assets 2016: $364,919Liabilities 2016: $0Net Assets 2016: $364,9192016Assets 2017: $251,049Liabilities 2017: $0Net Assets 2017: $251,0492017Assets 2018: $218,028Liabilities 2018: $0Net Assets 2018: $218,0282018Assets 2019: $215,767Liabilities 2019: $0Net Assets 2019: $215,7672019Assets 2020: $214,173Liabilities 2020: $0Net Assets 2020: $214,1732020Assets 2021: $338,568Liabilities 2021: $0Net Assets 2021: $338,5682021Assets 2022: $354,274Liabilities 2022: $0Net Assets 2022: $354,2742022Assets 2023: $495,531Liabilities 2023: $0Net Assets 2023: $495,5312023Assets 2024: $587,686Liabilities 2024: $0Net Assets 2024: $587,6862024

Highlighted filing

2016

Assets$364,919
Liabilities$0
Net Assets$364,919

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $252,4492011Expenses 2012: $285,5952012Revenue 2013: $295,347Expenses 2013: $262,905Net Income 2013: $32,4422013Revenue 2014: $1,089,140Expenses 2014: $1,144,271Net Income 2014: -$55,1312014Revenue 2015: $1,064,834Expenses 2015: $372,856Net Income 2015: $691,9782015Revenue 2016: $710,303Expenses 2016: $344,943Net Income 2016: $365,3602016Revenue 2017: $504,710Expenses 2017: $407,271Net Income 2017: $97,4392017Revenue 2018: $382,493Expenses 2018: $384,635Net Income 2018: -$2,1422018Revenue 2019: $389,331Expenses 2019: $412,884Net Income 2019: -$23,5532019Revenue 2020: $406,056Expenses 2020: $421,829Net Income 2020: -$15,7732020Revenue 2021: $510,254Expenses 2021: $407,746Net Income 2021: $102,5082021Revenue 2022: $500,187Expenses 2022: $442,042Net Income 2022: $58,1452022Revenue 2023: $512,194Expenses 2023: $405,908Net Income 2023: $106,2862023Revenue 2024: $540,465Expenses 2024: $448,310Net Income 2024: $92,1552024

Highlighted filing

2016

Revenue$710,303
Expenses$344,943
Net Income$365,360
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Aug 14, 2017
Return Version
2016v3.0
Gross Receipts
$710,303
Mission and Program Overview

Mission

The mission of the downingtown library is to provide library services to downingtown area residents by making information available in a variety of formats to satisfy recreational needs and to promote lifelong learning.

See schedule o. The mission of the downingtown library is to ensure that every resident of the greater downingtown area has access to exceptional opportunities to read, learn, create, connect and contribute to a better quality of life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$233,059$219,737▼ $13,322
Savings and Temporary Cash Investments$171,140$140,921▼ $30,219
Cash and Non-Interest-Bearing Accounts$2,753$4,261▲ $1,508
Total Assets$406,952$364,919▼ $42,033
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$252,882$248,157▼ $4,725
Temporarily Rstr Net Assets$154,070$116,762▼ $37,308
Total Net Assets Fund Balance$406,952$364,919▼ $42,033
Total Liabilities and Net Assets / Fund Balance$406,952$364,919▼ $42,033
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Karen MillerDirectorFT$61,024$2,500$63,524

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$656,376
Program Service Revenue
$28,471
Investment Income
$25,456
Other Revenue
$0
All Other Contributions
$455,592
Change in Net Assets
$365,360
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$238,509
Other Expenses$106,434
Total Fundraising Expense$21,014
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Pension Plan Contributions$125,209--$125,209
Current Officers, Directors, Trustees, and Key Employees$63,524--$63,524
Other Employee Benefits$49,776--$49,776
Occupancy-$27,555-$27,555
Office Expenses$1,544$5,073-$6,617
Interest-$1,731-$1,731
Advertising-$1,373-$1,373
Fees for Services Other$1,355--$1,355
Other Expenses$40,472$1,025$21,014$1,025
All Other Expenses-$256-$256
Conferences and Meetings-$16-$16
Total Functional Expenses$281,880$42,049$21,014$344,943
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
Audit committee
No
Backup withholding compliance
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The downingtown library company was formed under the decree of incorporation pursuant to the act of 1874. Said corporation is organized in such a way that qualifies it as an exempt organization under section 501(c)(3) of the internal revenue code. The stockholders of this institution shall be authorized to make rules and bylaws and do everything needful for the government and support of said corporation.

Form 990, Part VI, Section A, Line 7A

The downingtown library company was formed under the decree of incorporation pursuant to the act of 1874. Said corporation is organized in such a way that qualifies it as an exempt organization under section 501(c)(3) of the internal revenue code. The stockholders of this institution shall be authorized to make rules and bylaws and do everything needful for the government and support of said corporation.

Form 990, Part VI, Section B, Line 11B

The board of trustees review a draft of the 990 prior to its filing.

Form 990, Part VI, Section B, Line 12C

The organization annually reviews the board members' conflicts of interest.

Form 990, Part VI, Section B, Line 15A

The compensation of the executive director is reviewed annually with the library board.

Form 990, Part VI, Section C, Line 19

The library has its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Downingtown Library Company
EIN
23-1440113
Phone
6102692741
Address
122 WALLACE AVENUE, DOWNINGTOWN, PA 19335

Signing Officer

Name
Ronald Dankanich
Title
Treasurer
Phone
6102692741
Signed
2017-08-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ronald Dankanich
Formed
1820
Legal Domicile
Pa
Voting Board Members
16
Independent Board Members
16
Employees
16
Volunteers
492

Preparer

Firm
Maillie Llp
Address
624 WILLOWBROOK LANE, WEST CHESTER, PA 19382
Preparer
James M Powers CPA
Phone
6106964353
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Construction costs -113,884. Debt service -292,416.

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IRS990/OtherExpensesGrp/TotalAmt121847
IRS990/OtherExpensesGrp/TotalAmt24187
IRS990/OtherExpensesGrp/TotalAmt31025
IRS990/OtherOrganizationDsc0PUBLIC LIBRARY
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0125209
IRS990/PensionPlanContributionsGrp/TotalAmt0125209
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0RONALD DANKANICH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0PUBLIC LIBRARY
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt028471
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt028471
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0972500
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt031404
IRS990/PYOtherExpensesAmt0142822
IRS990/PYOtherRevenueAmt032500
IRS990/PYProgramServiceRevenueAmt028430
IRS990/PYRevenuesLessExpensesAmt0691978
IRS990/PYSalariesCompEmpBnftPaidAmt0230034
IRS990/PYTotalExpensesAmt0372856
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01064834
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0365360
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt028471
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0171140
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0140921
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0656376
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0972500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0504492
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0256201
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0208260
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02597829
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt025456
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt031404
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt011218
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt012243
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt07661
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt087982
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0137406
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt070
IRS990ScheduleA/OtherIncome170Grp/TotalAmt070
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.96720
IRS990ScheduleA/PublicSupportPY170Pct00.96810
IRS990ScheduleA/PublicSupportTotal170Amt02597829
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0656376
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0972500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0504492
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0256201
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0208260
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02597829
IRS990ScheduleA/TotalSupportAmt02685881
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE DOWNINGTOWN LIBRARY COMPANY WAS FORMED UNDER THE DECREE OF INCORPORATION PURSUANT TO THE ACT OF 1874. SAID CORPORATION IS ORGANIZED IN SUCH A WAY THAT QUALIFIES IT AS AN EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE STOCKHOLDERS OF THIS INSTITUTION SHALL BE AUTHORIZED TO MAKE RULES AND BYLAWS AND DO EVERYTHING NEEDFUL FOR THE GOVERNMENT AND SUPPORT OF SAID CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE DOWNINGTOWN LIBRARY COMPANY WAS FORMED UNDER THE DECREE OF INCORPORATION PURSUANT TO THE ACT OF 1874. SAID CORPORATION IS ORGANIZED IN SUCH A WAY THAT QUALIFIES IT AS AN EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE STOCKHOLDERS OF THIS INSTITUTION SHALL BE AUTHORIZED TO MAKE RULES AND BYLAWS AND DO EVERYTHING NEEDFUL FOR THE GOVERNMENT AND SUPPORT OF SAID CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF TRUSTEES REVIEW A DRAFT OF THE 990 PRIOR TO ITS FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION ANNUALLY REVIEWS THE BOARD MEMBERS' CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS REVIEWED ANNUALLY WITH THE LIBRARY BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE LIBRARY HAS ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CONSTRUCTION COSTS -113,884. DEBT SERVICE -292,416.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0PA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0154070
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0116762
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0406952
IRS990/TotalAssetsEOYAmt0364919
IRS990/TotalAssetsGrp/BOYAmt0406952
IRS990/TotalAssetsGrp/EOYAmt0364919
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0656376
IRS990/TotalEmployeeCnt016
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt021014
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt042049
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0281880
IRS990/TotalFunctionalExpensesGrp/TotalAmt0344943
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0406952
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0364919
IRS990/TotalOtherCompensationAmt02500
IRS990/TotalProgramServiceExpensesAmt0281880
IRS990/TotalProgramServiceRevenueAmt028471
IRS990/TotalReportableCompFromOrgAmt061024
IRS990/TotalRevenueGrp/ExclusionAmt025456
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt028471
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0710303
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0492
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0406952
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0364919
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.59$0.00$0.59$0.54$0.45$0.09
2023Detailed filing. Detailed filing data is available for this year.$0.50$0.00$0.50$0.51$0.41$0.11
2022Detailed filing. Detailed filing data is available for this year.$0.35$0.00$0.35$0.50$0.44$0.06
2021Detailed filing. Detailed filing data is available for this year.$0.34$0.00$0.34$0.51$0.41$0.10
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.21$0.00$0.21$0.41$0.42$0.02
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.22$0.00$0.22$0.39$0.41$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.22$0.00$0.22$0.38$0.38$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.25$0.00$0.25$0.50$0.41$0.10
2016Detailed filing. Detailed filing data is available for this year.$0.36$0.00$0.36$0.71$0.34$0.37
2015Detailed filing. Detailed filing data is available for this year.$0.41$0.00$0.41$1.06$0.37$0.69
2014Detailed filing. Detailed filing data is available for this year.$0.39$0.00$0.39$1.09$1.14$0.06
2013Detailed filing. Detailed filing data is available for this year.$0.42$0.00$0.42$0.30$0.26$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.33$0.00$0.33$0.29
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.35$0.00$0.34$0.25