Civic Intelligence

Bucks County Free Library

990 • Fiscal year 2015 • EIN 23-1520310

Jan 01, 2015 to Dec 31, 2015 • Filed on May 18, 2016

150 Pine StreetDoylestown, PA 18901-4931

(215) 348-0332

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.04x

Higher debt load relative to assets than 22% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

17th percentile

0.06x

Higher debt load relative to revenue than 17% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

61st percentile

6.4%

Higher net margin than 61% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

41st percentile

$148,508

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

47th percentile

0.5%

Faster asset growth than 47% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

39th percentile

0.2%

Faster revenue growth than 39% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Up

$14,746,184

Up $78,375 (+0.5%) from 2014

Net Assets

Down

$14,208,615

Down $62,277 (-0.4%) from 2014

Liabilities

Up

$537,569

Up $140,652 (+35%) from 2014

Revenue

Up

$9,736,488

Up $15,593 (+0.2%) from 2014

Expenses

Down

$9,115,505

Down $202,933 (-2.2%) from 2014

Net Income

Up

$620,983

Up $218,526 (+54%) from 2014

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2010: $10,862,011Liabilities 2010: $1,774,621Net Assets 2010: $9,087,3902010Assets 2011: $10,846,578Liabilities 2011: $565,553Net Assets 2011: $10,281,0252011Assets 2013: $14,758,629Liabilities 2013: $1,135,193Net Assets 2013: $13,623,4362013Assets 2014: $14,667,809Liabilities 2014: $396,917Net Assets 2014: $14,270,8922014Assets 2015: $14,746,184Liabilities 2015: $537,569Net Assets 2015: $14,208,6152015Assets 2016: $16,067,051Liabilities 2016: $672,966Net Assets 2016: $15,394,0852016Assets 2017: $17,667,855Liabilities 2017: $536,543Net Assets 2017: $17,131,3122017Assets 2018: $16,515,680Liabilities 2018: $626,215Net Assets 2018: $15,889,4652018Assets 2019: $18,344,451Liabilities 2019: $529,720Net Assets 2019: $17,814,7312019Assets 2020: $20,985,136Liabilities 2020: $687,014Net Assets 2020: $20,298,1222020Assets 2021: $22,091,549Liabilities 2021: $618,431Net Assets 2021: $21,473,1182021Assets 2022: $19,606,102Liabilities 2022: $981,036Net Assets 2022: $18,625,0662022Assets 2023: $21,951,149Liabilities 2023: $682,206Net Assets 2023: $21,268,9432023Assets 2024: $24,137,076Liabilities 2024: $592,396Net Assets 2024: $23,544,6802024

Highlighted filing

2015

Assets$14,746,184
Liabilities$537,569
Net Assets$14,208,615

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $9,029,2212010Revenue 2011: $10,535,361Expenses 2011: $9,007,819Net Income 2011: $1,527,5422011Revenue 2013: $10,198,387Expenses 2013: $9,605,160Net Income 2013: $593,2272013Revenue 2014: $9,720,895Expenses 2014: $9,318,438Net Income 2014: $402,4572014Revenue 2015: $9,736,488Expenses 2015: $9,115,505Net Income 2015: $620,9832015Revenue 2016: $10,382,997Expenses 2016: $9,633,606Net Income 2016: $749,3912016Revenue 2017: $9,954,218Expenses 2017: $9,611,648Net Income 2017: $342,5702017Revenue 2018: $10,505,304Expenses 2018: $10,218,140Net Income 2018: $287,1642018Revenue 2019: $10,099,665Expenses 2019: $10,257,709Net Income 2019: -$158,0442019Revenue 2020: $11,333,172Expenses 2020: $9,813,151Net Income 2020: $1,520,0212020Revenue 2021: $9,285,989Expenses 2021: $9,419,691Net Income 2021: -$133,7022021Revenue 2022: $10,054,772Expenses 2022: $9,779,196Net Income 2022: $275,5762022Revenue 2023: $10,542,382Expenses 2023: $10,018,619Net Income 2023: $523,7632023Revenue 2024: $11,131,793Expenses 2024: $10,139,465Net Income 2024: $992,3282024

Highlighted filing

2015

Revenue$9,736,488
Expenses$9,115,505
Net Income$620,983
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 18, 2016
Return Version
2015v2.1
Gross Receipts
$10,517,477
Mission and Program Overview

Mission

To provide materials and services to stimulate the imagination of all library users with programs and materials for pleasurable reading, viewing and listening experiences.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$10,605,965$10,155,662▼ $450,303
Land, Buildings, and Equipment, Net$2,574,768$2,648,470▲ $73,702
Savings and Temporary Cash Investments$1,390,767$1,355,884▼ $34,883
Accounts Receivable$96,082$586,168▲ $490,086
Cash and Non-Interest-Bearing Accounts$175--
Inventories for Sale or Use$52--
Total Assets$14,667,809$14,746,184▲ $78,375
Liabilities
Accounts Payable and Accrued Expenses$396,917$537,569▲ $140,652
Total Liabilities$396,917$537,569▲ $140,652
Net Assets / Fund Balance
Temporarily Rstr Net Assets$7,828,164$7,480,422▼ $347,742
Unrestricted Net Assets$6,442,728$6,728,193▲ $285,465
Total Net Assets Fund Balance$14,270,892$14,208,615▼ $62,277
Total Liabilities and Net Assets / Fund Balance$14,667,809$14,746,184▲ $78,375

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,030,731$46,505,862$47,536,593
Equipment$521,667$2,005,217$2,526,884
Leasehold Improvements$1,096,072$1,421,344$2,517,416

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$3,214,268-▼ $178,002$-156,299$2,879,967
2014$3,117,042-▲ $233,295$-136,069$3,214,268
2013$2,486,166-▲ $752,017$-121,141$3,117,042
2012$2,252,043$25,000▲ $330,764$-121,641$2,486,166
2011$2,498,796-▼ $136,392$-110,361$2,252,043
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Martina KominiarekCEOFT$138,792$9,716$148,508
John J Doran IiiChief FinancFT$95,424$4,771$100,195

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$8,763,411
Program Service Revenue
$530,614
Investment Income
$436,702
Other Revenue
$5,761
All Other Contributions
$261,590
Change in Net Assets
$620,983

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,736,488
Revenue Not Reported on Form 990
$-263,260
Total Revenue per Audited Statements
$9,473,228
Total Revenue per Form 990
$9,736,488
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,928,109
Other Expenses$3,879,096
Grants and Similar Amounts Paid$308,300
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,399,735$357,717-$3,757,452
Depreciation Depletion$1,165,050--$1,165,050
Occupancy$706,532$36,805-$743,337
Other Employee Benefits$424,558$61,182-$485,740
Office Expenses$359,170$30,291-$389,461
Payroll Taxes$302,354$43,220-$345,574
Information Technology$316,737--$316,737
Grants to Domestic Orgs$308,300--$308,300
Current Officers, Directors, Trustees, and Key Employees$225,026$23,677-$248,703
Fees for Services Other$77,069$22,655-$99,724
Pension Plan Contributions$79,304$11,336-$90,640
Conferences and Meetings$26,933$40,458-$67,391
Travel$49,202$8,644-$57,846
Fees for Services Accounting-$45,682-$45,682
Other Expenses$30,193$9,561-$30,193
Insurance$14,213$4,242-$18,455
Fees for Services Legal$11,490$3,378-$14,868
Fees for Service Investment Mgmnt Fees-$8,516-$8,516
Advertising$2,714$2,770-$5,484
Total Functional Expenses$8,405,371$710,134$0$9,115,505

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$9,535,505
Expenses per Audited Statements$9,115,505
Total Expenses per Form 990$9,115,505
Expenses Not Reported on Form 990$420,000
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Free Library of Northampton TwRichboro, PA501c3Provide Supp Financi$115,914
Warminster Twp Free LibraryWarminister, PA501c3Provide Supp Financi$96,560
Twp Library of Lower SouthamptFeasterville, PAGovProvide Supp Financi$57,405
Free Lib of New Hope & SoleburNew Hope, PA501c3Provide Supp Financi$28,715
Village Library of WrightstownWrightstown, PA501c3Provide Supp Financi$9,706
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
Yes
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
Yes
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, Page 6, Part VI, Line 11B

The completed 990 is reviewed by the chief financial officer and the finance committee prior to submission.

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

The board of directors, executive director and all department managers receive a conflict of interest document annually. The document lists any conflicts of interest including any related parties, holdings, board memberships, or share holders of any related county vendors, banks, or financial institutions.

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

The ceo's salary is reviewed each year against other libraries and other non-profit organizations through research of form 990s and the commonwealth of libraries salary schedules. The review is then provided to the board.

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

The same process used for the top official would also be used for determining the salary for any officers or key employees.

Form 990, Page 6, Part VI, Line 19

Governing documents, policies and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Bucks County Free Library
EIN
23-1520310
Phone
2153480332
Address
150 PINE STREET, DOYLESTOWN, PA 18901-4931

Signing Officer

Name
Martina Kominiarek
Title
CEO
Phone
2153480332
Signed
2016-05-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Martina Kominiarek
Formed
1956
Legal Domicile
Pa
Voting Board Members
7
Independent Board Members
7
Employees
164
Volunteers
134

Preparer

Firm
Bee Bergvall & Co
Address
PO BOX 754, WARRINGTON, PA 18976-0754
Preparer
Cynthia R Bergvall CPA
Phone
2153432727
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The disbrow fund was designated by the donor for the yardley branch and solely for business related materials and programs including county wide databases and programs. The bucks county foundation fund was established to provide an additional opportunity for the general public to give to the library mission.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE DISBROW FUND WAS DESIGNATED BY THE DONOR FOR THE YARDLEY BRANCH AND SOLELY FOR BUSINESS RELATED MATERIALS AND PROGRAMS INCLUDING COUNTY WIDE DATABASES AND PROGRAMS. THE BUCKS COUNTY FOUNDATION FUND WAS ESTABLISHED TO PROVIDE AN ADDITIONAL OPPORTUNITY FOR THE GENERAL PUBLIC TO GIVE TO THE LIBRARY MISSION.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$24.1$0.59$23.5$11.1$10.1$0.99
2023Detailed filing. Detailed filing data is available for this year.$22.0$0.68$21.3$10.5$10.0$0.52
2022Detailed filing. Detailed filing data is available for this year.$19.6$0.98$18.6$10.1$9.78$0.28
2021Detailed filing. Detailed filing data is available for this year.$22.1$0.62$21.5$9.29$9.42$0.13
2020Detailed filing. Detailed filing data is available for this year.$21.0$0.69$20.3$11.3$9.81$1.52
2019Detailed filing. Detailed filing data is available for this year.$18.3$0.53$17.8$10.1$10.3$0.16
2018Detailed filing. Detailed filing data is available for this year.$16.5$0.63$15.9$10.5$10.2$0.29
2017Detailed filing. Detailed filing data is available for this year.$17.7$0.54$17.1$9.95$9.61$0.34
2016Detailed filing. Detailed filing data is available for this year.$16.1$0.67$15.4$10.4$9.63$0.75
2015Detailed filing. Detailed filing data is available for this year.$14.7$0.54$14.2$9.74$9.12$0.62
2014Detailed filing. Detailed filing data is available for this year.$14.7$0.40$14.3$9.72$9.32$0.40
2013Summary only. Only limited summary data is available for this year.$14.8$1.14$13.6$10.2$9.61$0.59
2011Summary only. Only limited summary data is available for this year.$10.8$0.57$10.3$10.5$9.01$1.53
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.9$1.77$9.09$9.03