Civic Intelligence

Middletown Free Library Association Inc

990 • Fiscal year 2020 • EIN 23-1602604

Jan 01, 2020 to Dec 31, 2020 • Filed on Jul 08, 2021

21 North Pennell RoadMedia, PA 19063

(610) 566-7828

Siviq Scores

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

Liabilities / Assets

59th percentile

0.10x

Higher debt load relative to assets than 59% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

56th percentile

0.09x

Higher debt load relative to revenue than 56% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

76th percentile

25%

Higher net margin than 76% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2020

Asset Growth

85th percentile

58%

Faster asset growth than 85% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

41st percentile

-7.0%

Faster revenue growth than 41% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$587,836

Up $216,033 (+58%) from 2019

Net Assets

Up

$531,801

Up $159,998 (+43%) from 2019

Liabilities

Up

$56,035

Up $56,035 from 2019

Revenue

Down

$622,115

Down $46,480 (-7.0%) from 2019

Expenses

Down

$465,278

Down $41,462 (-8.2%) from 2019

Net Income

Down

$156,837

Down $5,018 (-3.1%) from 2019

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $101,827Liabilities 2011: $923Net Assets 2011: $100,9042011Assets 2012: $93,511Liabilities 2012: $838Net Assets 2012: $92,6732012Assets 2013: $81,426Liabilities 2013: $702Net Assets 2013: $80,7242013Assets 2014: $142,313Liabilities 2014: $1,299Net Assets 2014: $141,0142014Assets 2015: $96,187Liabilities 2015: $809Net Assets 2015: $95,3782015Assets 2016: $97,618Liabilities 2016: $739Net Assets 2016: $96,8792016Assets 2017: $147,037Liabilities 2017: $2,893Net Assets 2017: $144,1442017Assets 2018: $202,253Liabilities 2018: $1,017Net Assets 2018: $201,2362018Assets 2019: $371,803Liabilities 2019: $0Net Assets 2019: $371,8032019Assets 2020: $587,836Liabilities 2020: $56,035Net Assets 2020: $531,8012020Assets 2021: $638,456Liabilities 2021: $0Net Assets 2021: $638,4562021Assets 2022: $1,157,707Liabilities 2022: $432Net Assets 2022: $1,157,2752022Assets 2023: $1,404,871Liabilities 2023: $498Net Assets 2023: $1,404,3732023Assets 2024: $1,519,792Liabilities 2024: $594Net Assets 2024: $1,519,1982024

Highlighted filing

2020

Assets$587,836
Liabilities$56,035
Net Assets$531,801

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $394,9522011Expenses 2012: $413,6542012Revenue 2013: $445,063Expenses 2013: $457,012Net Income 2013: -$11,9492013Revenue 2014: $519,382Expenses 2014: $457,968Net Income 2014: $61,4142014Revenue 2015: $459,044Expenses 2015: $501,543Net Income 2015: -$42,4992015Revenue 2016: $488,530Expenses 2016: $489,078Net Income 2016: -$5482016Revenue 2017: $548,836Expenses 2017: $504,568Net Income 2017: $44,2682017Revenue 2018: $537,846Expenses 2018: $475,386Net Income 2018: $62,4602018Revenue 2019: $668,595Expenses 2019: $506,740Net Income 2019: $161,8552019Revenue 2020: $622,115Expenses 2020: $465,278Net Income 2020: $156,8372020Revenue 2021: $1,188,114Expenses 2021: $1,087,020Net Income 2021: $101,0942021Revenue 2022: $1,043,578Expenses 2022: $509,182Net Income 2022: $534,3962022Revenue 2023: $693,229Expenses 2023: $513,951Net Income 2023: $179,2782023Revenue 2024: $542,213Expenses 2024: $502,966Net Income 2024: $39,2472024

Highlighted filing

2020

Revenue$622,115
Expenses$465,278
Net Income$156,837
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jul 8, 2021
Return Version
2020v4.1
Gross Receipts
$624,418
Mission and Program Overview

Mission

To help the people of our community achieve their full potential through the transformative power of information, imagination and ideas.

To help the people of our community achieve their full potential through the transformative power of information,imagination and ideas.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$233,976$517,185▲ $283,209
Investments in Publicly Traded Securities$53,229$58,920▲ $5,691
Cash and Non-Interest-Bearing Accounts$84,598$11,731▼ $72,867
Total Assets$371,803$587,836▲ $216,033
Liabilities
Unsecured Notes Loans Payable-$56,035-
Total Liabilities$0$56,035▲ $56,035
Net Assets / Fund Balance
Net Assets With Donor Restrictions$155,183$275,102▲ $119,919
Net Assets Without Donor Restrictions$216,620$256,699▲ $40,079
Total Net Assets Fund Balance$371,803$531,801▲ $159,998
Total Liabilities and Net Assets / Fund Balance$371,803$587,836▲ $216,033

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$53,229-▲ $5,691-$58,922
2019$43,413-▲ $9,816-$53,229
2018$44,916-▼ $1,503-$43,413
2017$39,119-▲ $5,797-$44,916
2016$51,187-▲ $3,765$15,833$39,119
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Mary GazdikLibrary DirectorFT$60,318$60,318

Board Members and Trustees

NameTitle
Robert FyfePresident
Parag DalalVice President
Betsy PodrebaracTrustee
Genny HamiltonTrustee
Patricia FineganTrustee
Ken DinitzSecretary
Tim SanderTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$610,845
Program Service Revenue
$6,358
Investment Income
$4,912
Other Revenue
$0
All Other Contributions
$177,588
Change in Net Assets
$156,837

Audited Revenue Reconciliation

Revenue per Audited Statements
$622,115
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$3,161
Total Revenue per Audited Statements
$625,276
Total Revenue per Form 990
$622,115
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$305,237
Other Expenses$160,041
Total Fundraising Expense$9,503
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$154,162$39,529$3,953$197,644
Current Officers, Directors, Trustees, and Key Employees$47,048$12,064$1,206$60,318
Occupancy-$36,726-$36,726
Office Expenses-$28,477$368$28,845
Other Employee Benefits$17,769$4,556$455$22,780
Payroll Taxes$16,069$4,120$412$20,601
Other Expenses$14,598--$14,598
Insurance-$10,077-$10,077
Fees for Services Accounting-$10,008-$10,008
Conferences and Meetings-$4,294-$4,294
Pension Plan Contributions$3,037$779$78$3,894
Advertising--$3,031$3,031
Total Functional Expenses$305,145$150,630$9,503$465,278

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$465,278
Total Expenses per Audited Statements$465,278
Total Expenses per Form 990$465,278
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$2,303
Fundraising Gross Income$2,303
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
Audit committee
No
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
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, Section B, Line 11B

Form 990 is reviewed by all trustees prior to filing with the irs.

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

The association consulted with the director of the county library system and contacted other libraries to determine the compensation for the library director.

Form 990, Part VI, Section C, Line 18

The organization makes form 990 available upon request.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
Middletown Free Library Association Inc
EIN
23-1602604
Phone
6105667828
Address
21 NORTH PENNELL ROAD, MEDIA, PA 19063

Signing Officer

Name
Tim Sander
Title
Treasurer
Phone
6105667828
Signed
2021-07-08

Organization Details

Principal Officer
Robert Fyfe
Formed
1957
Legal Domicile
Pa
Voting Board Members
8
Independent Board Members
8
Employees
13
Volunteers
13

Preparer

Firm
Barbacane Thornton & Company
Address
200 SPRINGER BLDG 3411 SILVERSIDE, RD, WILMINGTON, DE 19810
Preparer
Jeffrey a Kowalczyk CPA
Phone
3024788940
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The organization is exempt from federal income tax under section 501(c)(3) of the internal revenue code. However, income from certain activities not directly related to the organization's tax-exempt purpose may be subject to taxation as unrelated business income. Management has determined that the organization does not have any uncertain tax positions or associated unrecognized benefits that materially impact the financial statements or related disclosures.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE ORGANIZATION'S TAX-EXEMPT PURPOSE MAY BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS OR ASSOCIATED UNRECOGNIZED BENEFITS THAT MATERIALLY IMPACT THE FINANCIAL STATEMENTS OR RELATED DISCLOSURES.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED BY ALL TRUSTEES PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ASSOCIATION CONSULTED WITH THE DIRECTOR OF THE COUNTY LIBRARY SYSTEM AND CONTACTED OTHER LIBRARIES TO DETERMINE THE COMPENSATION FOR THE LIBRARY DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES FORM 990 AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
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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.$1.52$0.00$1.52$0.54$0.50$0.04
2023Detailed filing. Detailed filing data is available for this year.$1.40$0.00$1.40$0.69$0.51$0.18
2022Detailed filing. Detailed filing data is available for this year.$1.16$0.00$1.16$1.04$0.51$0.53
2021Detailed filing. Detailed filing data is available for this year.$0.64$0.00$0.64$1.19$1.09$0.10
2020Detailed filing. Detailed filing data is available for this year.$0.59$0.06$0.53$0.62$0.47$0.16
2019Detailed filing. Detailed filing data is available for this year.$0.37$0.00$0.37$0.67$0.51$0.16
2018Detailed filing. Detailed filing data is available for this year.$0.20$0.00$0.20$0.54$0.48$0.06
2017Detailed filing. Detailed filing data is available for this year.$0.15$0.00$0.14$0.55$0.50$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$0.49$0.49$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$0.46$0.50$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.14$0.00$0.14$0.52$0.46$0.06
2013Detailed filing. Detailed filing data is available for this year.$0.08$0.00$0.08$0.45$0.46$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.09$0.00$0.09$0.41
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.10$0.00$0.10$0.39