Civic Intelligence

Huntingdon County Library

990 • Fiscal year 2015 • EIN 23-6002479

Jan 01, 2015 to Dec 31, 2015 • Filed on Sep 19, 2016

330 Penn StreetHuntingdon, PA 16652

(814) 643-0200

Siviq Scores

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

Liabilities / Assets

28th percentile

0.01x

Higher debt load relative to assets than 28% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

41st percentile

0.07x

Higher debt load relative to revenue than 41% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

16th percentile

-16%

Higher net margin than 16% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

44th percentile

$48,149

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 15.3% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

30th percentile

-3.2%

Faster asset growth than 30% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

16th percentile

-17%

Faster revenue growth than 16% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$1,448,473

Down $48,576 (-3.2%) from 2014

Net Assets

Down

$1,426,823

Down $49,513 (-3.4%) from 2014

Liabilities

Up

$21,650

Up $937 (+4.5%) from 2014

Revenue

Down

$314,001

Down $64,835 (-17%) from 2014

Expenses

Down

$363,514

Down $57,747 (-14%) from 2014

Net Income

Down

-$49,513

Down $7,088 (-17%) from 2014

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $1,453,056Liabilities 2010: $83,148Net Assets 2010: $1,369,9082010Assets 2011: $1,336,939Liabilities 2011: $14,479Net Assets 2011: $1,322,4602011Assets 2012: $1,451,893Liabilities 2012: $12,502Net Assets 2012: $1,439,3912012Assets 2013: $1,531,930Liabilities 2013: $13,169Net Assets 2013: $1,518,7612013Assets 2014: $1,497,049Liabilities 2014: $20,713Net Assets 2014: $1,476,3362014Assets 2015: $1,448,473Liabilities 2015: $21,650Net Assets 2015: $1,426,8232015Assets 2016: $1,420,001Liabilities 2016: $31,900Net Assets 2016: $1,388,1012016Assets 2017: $1,668,601Liabilities 2017: $28,085Net Assets 2017: $1,640,5162017Assets 2018: $1,540,651Liabilities 2018: $31,140Net Assets 2018: $1,509,5112018Assets 2019: $1,881,915Liabilities 2019: $34,926Net Assets 2019: $1,846,9892019Assets 2020: $2,113,308Liabilities 2020: $30,976Net Assets 2020: $2,082,3322020Assets 2021: $2,227,464Liabilities 2021: $20,002Net Assets 2021: $2,207,4622021Assets 2022: $1,974,158Liabilities 2022: $18,667Net Assets 2022: $1,955,4912022Assets 2023: $2,280,985Liabilities 2023: $32,906Net Assets 2023: $2,248,0792023Assets 2024: $2,466,047Liabilities 2024: $54,202Net Assets 2024: $2,411,8452024

Highlighted filing

2015

Assets$1,448,473
Liabilities$21,650
Net Assets$1,426,823

Operations Trend

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

$800K$600K$400K$200K$0-$200KExpenses 2010: $466,9892010Expenses 2011: $393,6312011Expenses 2012: $342,4222012Revenue 2013: $412,224Expenses 2013: $332,854Net Income 2013: $79,3702013Revenue 2014: $378,836Expenses 2014: $421,261Net Income 2014: -$42,4252014Revenue 2015: $314,001Expenses 2015: $363,514Net Income 2015: -$49,5132015Revenue 2016: $341,705Expenses 2016: $380,427Net Income 2016: -$38,7222016Revenue 2017: $655,671Expenses 2017: $403,256Net Income 2017: $252,4152017Revenue 2018: $246,487Expenses 2018: $377,492Net Income 2018: -$131,0052018Revenue 2019: $410,768Expenses 2019: $427,311Net Income 2019: -$16,5432019Revenue 2020: $457,871Expenses 2020: $367,340Net Income 2020: $90,5312020Revenue 2021: $437,053Expenses 2021: $361,104Net Income 2021: $75,9492021Revenue 2022: $434,582Expenses 2022: $405,447Net Income 2022: $29,1352022Revenue 2023: $534,851Expenses 2023: $408,339Net Income 2023: $126,5122023Revenue 2024: $548,198Expenses 2024: $464,563Net Income 2024: $83,6352024

Highlighted filing

2015

Revenue$314,001
Expenses$363,514
Net Income-$49,513
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Sep 19, 2016
Return Version
2015v2.1
Gross Receipts
$314,001
Mission and Program Overview

Mission

Provide free public library services for the residents of huntingdon county

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,476,336$1,426,823▼ $49,513
Investments Other Securities$1,224,069$1,162,395▼ $61,674
Savings and Temporary Cash Investments$235,184$251,177▲ $15,993
Cash and Non-Interest-Bearing Accounts$26,372$22,759▼ $3,613
Accounts Receivable$11,424$12,142▲ $718
Total Assets$1,497,049$1,448,473▼ $48,576
Liabilities
Accounts Payable and Accrued Expenses$20,669$21,606▲ $937
Other Liabilities$44$44→ $0
Total Liabilities$20,713$21,650▲ $937
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,476,336$1,426,823▼ $49,513
Total Liabilities and Net Assets / Fund Balance$1,497,049$1,448,473▼ $48,576

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$1,162,395--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$1,224,069-▲ $90,030$54,958$1,243,010
2014$1,231,213-▲ $89,430$51,790$1,252,691
2013$1,180,455-▲ $109,633$39,050$1,234,513
2012$1,145,030-▲ $68,884$17,297$1,180,455
2011$1,160,579-▲ $21,204$20,661$1,145,030
Compensation and Service Providers

Employees

NameTitleBaseTotal
Sarah May ClarksonVice President$48,149$48,149

Board Members and Trustees

NameTitle
Peter McmanamonPresident
Julie PeoplesVice President
Nancy J HollandExec Director
Tracy CareyExecutive Director
David HsiungTrustee
Gabriel GouldTrustee
Gary OkornTrustee
Hannah BellwoarTrustee
Jon TveiteTrustee
Julie PeoplesTrustee
Mark SatherTrustee
Suzanne BeakyTrustee
Belle TutenSecretary
Joseph SloanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$293,318
Program Service Revenue
$11,787
Investment Income
$8,896
Other Revenue
$0
All Other Contributions
$76,958
Change in Net Assets
$-49,513

Audited Revenue Reconciliation

Revenue per Audited Statements
$314,001
Revenue Not Reported on Form 990
$19,821
Total Revenue per Audited Statements
$333,822
Total Revenue per Form 990
$314,001
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$233,330
Other Expenses$130,184
Total Fundraising Expense$6,659
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$134,221$21,582-$155,803
Current Officers, Directors, Trustees, and Key Employees$16,799$26,398$4,800$47,997
All Other Expenses$25,937$206$679$26,822
Payroll Taxes$15,740$5,027$503$21,270
Other Expenses$17,673--$17,673
Fees for Service Investment Mgmnt Fees-$17,187-$17,187
Occupancy$11,989$631-$12,620
Other Employee Benefits$3,652$3,931$677$8,260
Office Expenses$6,153$1,312-$7,465
Fees for Services Accounting-$6,550-$6,550
Travel$584$315-$899
Insurance$223--$223
Fees for Services Legal-$165-$165
Total Functional Expenses$273,551$83,304$6,659$363,514

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$383,335
Expenses per Audited Statements$363,514
Total Expenses per Form 990$363,514
Expenses Not Reported on Form 990$19,821
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Unclaimed Funds$44
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

The executive director forwards the tax return to the board for review prior to filing.

Conflict of interest policy compliance Part VI line 12C

Although there is no formal policy regarding monitoring compliance, the board of directors regularly discusses any issues that may arise

CEO executive director top management comp Part VI line 15A

The executive directors compensation is reviewed by the board of directors and based on the organizations total budget. Comparability figures are reviewed, however at this time the organization cannot afford to pay the director an amount that is comparable to what other similarly situated persons are earning.

Governing documents etc available to public Part VI line 19

All documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Huntingdon County Library
EIN
23-6002479
Address
330 PENN STREET, HUNTINGDON, PA 16652

Signing Officer

Name
Tracy Carey
Title
Executive Direc
Phone
8146430200
Signed
2016-09-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peter Mcmanamon
Formed
1935
Legal Domicile
Pa
Voting Board Members
9
Independent Board Members
9
Employees
21
Volunteers
46

Preparer

Firm
C P a Associates
Address
80 EAST PENN STREET, HUNTINGDON, PA 16652
Preparer
Wayne a Hearn CPA
Phone
8146435200
Supplemental Narrative

Financial Statement Notes

Endowment funds intended uses (Part V, line 4)

The library is the beneficiary of a number of trusts which have been created over the years by various benefactors to benefit the library. In all but one instance, the corpus and any unrealized appreciation is permanently restricted, and only the income is available to the library to use for operating expenses. In some cases the use of the income is restricted to a specific purpose, such as book purchases; in other cases the use of the income is unrestricted. The capital appreciation from one of the trusts may be made available to the library in certain situations for building renovations of the building occupied by the library.

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.47$0.05$2.41$0.55$0.46$0.08
2023Detailed filing. Detailed filing data is available for this year.$2.28$0.03$2.25$0.53$0.41$0.13
2022Detailed filing. Detailed filing data is available for this year.$1.97$0.02$1.96$0.43$0.41$0.03
2021Detailed filing. Detailed filing data is available for this year.$2.23$0.02$2.21$0.44$0.36$0.08
2020Detailed filing. Detailed filing data is available for this year.$2.11$0.03$2.08$0.46$0.37$0.09
2019Detailed filing. Detailed filing data is available for this year.$1.88$0.03$1.85$0.41$0.43$0.02
2018Detailed filing. Detailed filing data is available for this year.$1.54$0.03$1.51$0.25$0.38$0.13
2017Detailed filing. Detailed filing data is available for this year.$1.67$0.03$1.64$0.66$0.40$0.25
2016Detailed filing. Detailed filing data is available for this year.$1.42$0.03$1.39$0.34$0.38$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.45$0.02$1.43$0.31$0.36$0.05
2014Detailed filing. Detailed filing data is available for this year.$1.50$0.02$1.48$0.38$0.42$0.04
2013Detailed filing. Detailed filing data is available for this year.$1.53$0.01$1.52$0.41$0.33$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.45$0.01$1.44$0.34
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.34$0.01$1.32$0.39
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.45$0.08$1.37$0.47