Civic Intelligence

Bucks County Free Library

990 • Fiscal year 2022 • EIN 23-1520310

Jan 01, 2022 to Dec 31, 2022 • Filed on Apr 24, 2023

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

29th percentile

0.05x

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

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

31st percentile

0.10x

Higher debt load relative to revenue than 31% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

40th percentile

2.7%

Higher net margin than 40% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

54th percentile

$189,593

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

17th percentile

-11%

Faster asset growth than 17% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

57th percentile

8.3%

Faster revenue growth than 57% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Assets

Down

$19,606,102

Down $2,485,447 (-11%) from 2021

Net Assets

Down

$18,625,066

Down $2,848,052 (-13%) from 2021

Liabilities

Up

$981,036

Up $362,605 (+59%) from 2021

Revenue

Up

$10,054,772

Up $768,783 (+8.3%) from 2021

Expenses

Up

$9,779,196

Up $359,505 (+3.8%) from 2021

Net Income

Up

$275,576

Up $409,278 (+306%) from 2021

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

2022

Assets$19,606,102
Liabilities$981,036
Net Assets$18,625,066

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

2022

Revenue$10,054,772
Expenses$9,779,196
Net Income$275,576
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Apr 24, 2023
Return Version
2022v5.0
Gross Receipts
$10,092,608
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$17,509,214$14,423,138▼ $3,086,076
Land, Buildings, and Equipment, Net$2,742,642$2,815,865▲ $73,223
Savings and Temporary Cash Investments$1,796,958$2,336,310▲ $539,352
Accounts Receivable$42,735$30,413▼ $12,322
Prepaid Expenses and Deferred Charges-$376-
Total Assets$22,091,549$19,606,102▼ $2,485,447
Liabilities
Accounts Payable and Accrued Expenses$618,431$981,036▲ $362,605
Total Liabilities$618,431$981,036▲ $362,605
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$14,014,215$12,057,451▼ $1,956,764
Net Assets With Donor Restrictions$7,458,903$6,567,615▼ $891,288
Total Net Assets Fund Balance$21,473,118$18,625,066▼ $2,848,052
Total Liabilities and Net Assets / Fund Balance$22,091,549$19,606,102▼ $2,485,447

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,431,702$4,521,312$5,953,014
Other Land Buildings$845,195$4,654,617$5,499,812
Equipment$538,968$1,372,596$1,911,564

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$4,716,261-▼ $1,023,402$-506$3,677,350
2021$4,182,223$55,073▲ $497,425$-417$4,716,261
2020$3,867,966$959▲ $520,471$-196,875$4,182,223
2019$3,014,562$30,000▲ $1,034,926$-200,687$3,867,966
2018$3,430,537-▼ $415,975$-153,991$3,014,562
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Martina KominiarekCEOFT$164,935$24,658$189,593
Joseph ThompsonCOOFT$98,511$19,947$118,458
John J Doran IiiCFOFT$103,715$7,263$110,978
Pam RileyHr AdministrFT$68,867$17,799$86,666

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$9,518,363
Program Service Revenue
$285,144
Investment Income
$248,777
Other Revenue
$2,488
All Other Contributions
$500,863
Change in Net Assets
$275,576

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,054,772
Revenue Not Reported on Form 990
$-2,682,628
Total Revenue per Audited Statements
$7,372,144
Total Revenue per Form 990
$10,054,772
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,895,021
Salaries, Compensation, and Employee Benefits$4,541,515
Grants and Similar Amounts Paid$342,660
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,864,554$428,852-$3,293,406
Depreciation Depletion$1,249,028--$1,249,028
Occupancy$783,790--$783,790
Office Expenses$520,509$18,118-$538,627
Current Officers, Directors, Trustees, and Key Employees$435,822$69,873-$505,695
Information Technology$421,122$4,364-$425,486
Other Employee Benefits$293,851$68,027-$361,878
Grants to Domestic Orgs$342,660--$342,660
Payroll Taxes$254,814$58,991-$313,805
Fees for Services Other$214,779$13,503-$228,282
Fees for Services Accounting-$70,277-$70,277
Pension Plan Contributions$54,187$12,544-$66,731
Travel$42,340$3,241-$45,581
Conferences and Meetings$34,622$10,345-$44,967
Fees for Services Legal-$35,885-$35,885
Other Expenses$34,209$11,297-$34,209
Fees for Service Investment Mgmnt Fees-$31,651-$31,651
Insurance$20,593$4,823-$25,416
Advertising$3,423$3,989-$7,412
Total Functional Expenses$8,933,416$845,780$0$9,779,196

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$10,220,196
Expenses per Audited Statements$9,779,196
Total Expenses per Form 990$9,779,196
Expenses Not Reported on Form 990$441,000
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Free Library of Northampton TwpRichboro, PAGovSupp Fin Support$128,832
Warminster Twp Free LibraryWarminister, PA501c3Supp Fin Support$107,322
Twp Library of Lower SouthamptonFeasterville, PAGovSupp Fin Support$63,803
Free Lib of New Hope & SoleburyNew Hope, PA501c3Supp Fin Support$31,915
Village Library of WrightstownWrightstown, PA501c3Supp Fin Support$10,788
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 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
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, chief executive officer 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
2023-04-24
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
163
Volunteers
71

Preparer

Firm
Bee Bergvall & Co
Address
PO BOX 754, WARRINGTON, PA 18976-0754
Preparer
Cynthia 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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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