Civic Intelligence

Lower Merion Library Foundation

990 • Fiscal year 2016 • EIN 23-2813619

Jan 01, 2016 to Dec 31, 2016 • Filed on Jul 28, 2017

75 East Lancaster AvenueArdmore, PA 19003

(610) 645-6110

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.06x

Higher debt load relative to assets than 73% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

77th percentile

0.06x

Higher debt load relative to revenue than 77% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

14th percentile

-25%

Higher net margin than 14% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

21st percentile

-20%

Faster asset growth than 21% of similar nonprofits.

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

Revenue Growth

97th percentile

228%

Faster revenue growth than 97% of similar nonprofits.

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

Assets

Down

$72,143

Down $17,635 (-20%) from 2015

Net Assets

Down

$68,143

Down $17,635 (-21%) from 2015

Liabilities

Flat

$4,000

Flat from 2015

Revenue

Up

$70,642

Up $49,131 (+228%) from 2015

Expenses

Up

$88,277

Up $3,952 (+4.7%) from 2015

Net Income

Up

-$17,635

Up $45,179 (+72%) 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: $1,121,984Liabilities 2010: $79,956Net Assets 2010: $1,042,0282010Assets 2011: $816,756Liabilities 2011: $6,629Net Assets 2011: $810,1272011Assets 2012: $634,370Liabilities 2012: $5,000Net Assets 2012: $629,3702012Assets 2013: $352,599Liabilities 2013: $5,375Net Assets 2013: $347,2242013Assets 2014: $152,592Liabilities 2014: $4,000Net Assets 2014: $148,5922014Assets 2015: $89,778Liabilities 2015: $4,000Net Assets 2015: $85,7782015Assets 2016: $72,143Liabilities 2016: $4,000Net Assets 2016: $68,1432016Assets 2017: $46,539Liabilities 2017: $2,050Net Assets 2017: $44,4892017Assets 2018: $42,151Liabilities 2018: $02018Assets 2019: $104,321Liabilities 2019: $0Net Assets 2019: $104,3212019Assets 2020: $111,296Liabilities 2020: $0Net Assets 2020: $111,2962020Assets 2021: $96,271Liabilities 2021: $0Net Assets 2021: $96,2712021Assets 2022: $121,497Net Assets 2022: $121,4972022Assets 2023: $181,110Net Assets 2023: $181,1102023Assets 2024: $185,529Net Assets 2024: $185,5292024

Highlighted filing

2016

Assets$72,143
Liabilities$4,000
Net Assets$68,143

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $585,3232010Expenses 2011: $475,3032011Expenses 2012: $470,6762012Revenue 2013: $182,020Expenses 2013: $464,166Net Income 2013: -$282,1462013Revenue 2014: $16,857Expenses 2014: $215,489Net Income 2014: -$198,6322014Revenue 2015: $21,511Expenses 2015: $84,325Net Income 2015: -$62,8142015Revenue 2016: $70,642Expenses 2016: $88,277Net Income 2016: -$17,6352016Revenue 2017: $37,935Expenses 2017: $61,589Net Income 2017: -$23,6542017Revenue 2018: $46,375Expenses 2018: $48,713Net Income 2018: -$2,3382018Revenue 2019: $116,149Expenses 2019: $53,979Net Income 2019: $62,1702019Revenue 2020: $78,315Expenses 2020: $71,340Net Income 2020: $6,9752020Revenue 2021: $113,812Expenses 2021: $128,837Net Income 2021: -$15,0252021Revenue 2022: $83,696Expenses 2022: $58,470Net Income 2022: $25,2262022Revenue 2023: $98,992Expenses 2023: $39,379Net Income 2023: $59,6132023Revenue 2024: $59,907Expenses 2024: $55,488Net Income 2024: $4,4192024

Highlighted filing

2016

Revenue$70,642
Expenses$88,277
Net Income-$17,635
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Jul 28, 2017
Return Version
2016v3.0
Gross Receipts
$70,642
Mission and Program Overview

Mission

Support the public libraries in Lower Merion Township, Pennsylvania

The mission of the lower merion library foundation is to support the system-wide services offered by the lower merion library system by encouraging gifts in accordance with the provisions of section 501(c)(3) of the internal revenue code as amended.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$75,658$65,762▼ $9,896
Pledges and Grants Receivable$11,098$4,529▼ $6,569
Intangible Assets$3,022$1,852▼ $1,170
Cash and Non-Interest-Bearing Accounts-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$89,778$72,143▼ $17,635
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$4,000$4,000→ $0
Total Liabilities$4,000$4,000→ $0
Net Assets / Fund Balance
Temporarily Rstr Net Assets$64,665$47,030▼ $17,635
Unrestricted Net Assets$21,113$21,113→ $0
Total Net Assets Fund Balance$85,778$68,143▼ $17,635
Total Liabilities and Net Assets / Fund Balance$89,778$72,143▼ $17,635
Compensation and Service Providers

Board Members and Trustees

NameTitle
Charles J Bloom EsqPresident
Betty-ann IzenmanVice President
David Sonenshein EsqBoard Member
Michael Golden EsqBoard Member
Barbara BisgaierPast V/p
Patricia GreenSecretary
J Barton Riley CfaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$70,475
Program Service Revenue
$0
Investment Income
$167
Other Revenue
$0
All Other Contributions
$70,475
Change in Net Assets
$-17,635

Audited Revenue Reconciliation

Revenue per Audited Statements
$70,642
Total Revenue per Audited Statements
$70,642
Total Revenue per Form 990
$70,642
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$75,000
Other Expenses$13,277
Total Fundraising Expense$8,014
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$75,000--$75,000
Advertising--$8,014$8,014
Fees for Services Accounting-$4,000-$4,000
Office Expenses-$3,828-$3,828
Depreciation Depletion-$1,170-$1,170
Other Expenses$-3,750$15-$-3,750
Total Functional Expenses$71,250$9,013$8,014$88,277

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$88,277
Total Expenses per Audited Statements$88,277
Total Expenses per Form 990$88,277
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Lower Merion TownshipArdmore, PA-Cap. Campaign Lower Merion Library$75,000
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-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
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

Form 990 is presented at a meeting of the board of directors. The directors review and approve the form 990 for filing with the internal revenue service.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The organization's compliance with the conflict of interest policy is discusssed at the meeting of the board of directors as needed.

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

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public by request.

Filing and Contact Details

Filer

Filer Name
Lower Merion Library Foundation
EIN
23-2813619
Phone
6106456110
Address
75 EAST LANCASTER AVENUE, ARDMORE, PA 19003

Signing Officer

Name
Charles J Bloom Esq
Title
President
Signed
2017-07-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charles J Bloom Esq
Formed
1996
Legal Domicile
Pa
Voting Board Members
7
Independent Board Members
6
Employees
0

Preparer

Firm
Raible Cornaglia Wenstrom & Raible LLC
Address
535 Route 38 E Ste 518, Cherry Hill, NJ 08002
Preparer
Robert a Cornaglia CPA Cgma
Phone
8564881860
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0SCHEDULE I, PART I, LINE 2: LMLF FOLLOWS ITS CHARTER TO ASSIST THE LOWER MERION LIBRARY SYSTEM BUT DOES NOT ISSUE GRANTS TO SPECIFIC ENTITIES OR INDIVIDUALS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS PRESENTED AT A MEETING OF THE BOARD OF DIRECTORS. THE DIRECTORS REVIEW AND APPROVE THE FORM 990 FOR FILING WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY IS DISCUSSSED AT THE MEETING OF THE BOARD OF DIRECTORS AS NEEDED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
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IRS990/TotalProgramServiceExpensesAmt071250
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IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt021113
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IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.LMLS.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CHARLES J BLOOM ESQ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-07-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LOWER MERION LIBRARY FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0LOWE
ReturnHeader/Filer/EIN0232813619
ReturnHeader/Filer/PhoneNum06106456110
ReturnHeader/Filer/USAddress/AddressLine1Txt075 EAST LANCASTER AVENUE
ReturnHeader/Filer/USAddress/CityNm0ARDMORE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd019003
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RAIBLE CORNAGLIA WENSTROM & RAIBLE LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0535 Route 38 E Ste 518

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.19$0.19$0.06$0.06$0.00
2023Detailed filing. Detailed filing data is available for this year.$0.18$0.18$0.10$0.04$0.06
2022Detailed filing. Detailed filing data is available for this year.$0.12$0.12$0.08$0.06$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$0.11$0.13$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.11$0.00$0.11$0.08$0.07$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$0.12$0.05$0.06
2018Summary only. Only limited summary data is available for this year.$0.04$0.00$0.05$0.05$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.04$0.04$0.06$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.07$0.00$0.07$0.07$0.09$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.09$0.00$0.09$0.02$0.08$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.15$0.00$0.15$0.02$0.22$0.20
2013Detailed filing. Detailed filing data is available for this year.$0.35$0.01$0.35$0.18$0.46$0.28
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.63$0.01$0.63$0.47
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.82$0.01$0.81$0.48
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.12$0.08$1.04$0.59