Civic Intelligence

Slibco (Scr Lack Ind Bldg Co)

990 • Fiscal year 2017 • EIN 23-6298311

Jul 01, 2016 to Jun 30, 2017 • Filed on Oct 18, 2017

222 Mulberry StreetScranton, PA 18503

(570) 342-7711

Siviq Scores

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

Liabilities / Assets

38th percentile

0.13x

Higher debt load relative to assets than 38% of similar nonprofits.

2017 filings • $50M-$100M nonprofits • Source year 2017

Liabilities / Revenue

85th percentile

2.92x

Higher debt load relative to revenue than 85% of similar nonprofits.

2017 filings • $50M-$100M nonprofits • Source year 2017

Net Margin

14th percentile

-10%

Higher net margin than 14% of similar nonprofits.

2017 filings • $50M-$100M nonprofits • Source year 2017

Top Officer Pay

11th percentile

$0

Higher top officer pay than 11% of similar nonprofits.

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

2017 filings • $50M-$100M nonprofits • Source year 2017

Asset Growth

15th percentile

-2.6%

Faster asset growth than 15% of similar nonprofits.

2017 filings • $50M-$100M nonprofits • Annualized from 2016 to 2017

Revenue Growth

5th percentile

-38%

Faster revenue growth than 5% of similar nonprofits.

2017 filings • $50M-$100M nonprofits • Annualized from 2016 to 2017

Assets

Down

$55,487,234

Down $1,490,360 (-2.6%) from 2016

Net Assets

Down

$48,222,418

Down $248,641 (-0.5%) from 2016

Liabilities

Down

$7,264,816

Down $1,241,719 (-15%) from 2016

Revenue

Down

$2,488,916

Down $1,514,554 (-38%) from 2016

Expenses

Down

$2,739,245

Down $465,435 (-15%) from 2016

Net Income

Down

-$250,329

Down $1,049,119 (-131%) from 2016

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2012: $57,996,759Liabilities 2012: $10,613,559Net Assets 2012: $47,383,2002012Assets 2013: $60,644,064Liabilities 2013: $9,735,818Net Assets 2013: $50,908,2462013Assets 2014: $56,061,146Liabilities 2014: $6,262,512Net Assets 2014: $49,798,6342014Assets 2015: $53,819,500Liabilities 2015: $6,147,641Net Assets 2015: $47,671,8592015Assets 2016: $56,977,594Liabilities 2016: $8,506,535Net Assets 2016: $48,471,0592016Assets 2017: $55,487,234Liabilities 2017: $7,264,816Net Assets 2017: $48,222,4182017Assets 2018: $54,720,137Liabilities 2018: $6,932,923Net Assets 2018: $47,787,2142018Assets 2019: $56,837,969Liabilities 2019: $3,365,666Net Assets 2019: $53,472,3032019Assets 2020: $55,884,594Liabilities 2020: $2,539,939Net Assets 2020: $53,344,6552020Assets 2021: $54,547,863Liabilities 2021: $2,270,724Net Assets 2021: $52,277,1392021Assets 2022: $52,576,495Liabilities 2022: $2,102,106Net Assets 2022: $50,474,3892022Assets 2023: $51,603,059Liabilities 2023: $2,018,020Net Assets 2023: $49,585,0392023Assets 2024: $53,633,507Liabilities 2024: $2,625,112Net Assets 2024: $51,008,3952024Assets 2025: $53,103,410Liabilities 2025: $2,777,996Net Assets 2025: $50,325,4142025

Highlighted filing

2017

Assets$55,487,234
Liabilities$7,264,816
Net Assets$48,222,418

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2012: $2,580,5622012Expenses 2013: $2,622,8632013Revenue 2014: $1,949,866Expenses 2014: $3,059,478Net Income 2014: -$1,109,6122014Revenue 2015: $1,238,370Expenses 2015: $3,365,145Net Income 2015: -$2,126,7752015Revenue 2016: $4,003,470Expenses 2016: $3,204,680Net Income 2016: $798,7902016Revenue 2017: $2,488,916Expenses 2017: $2,739,245Net Income 2017: -$250,3292017Revenue 2018: $2,386,113Expenses 2018: $2,820,820Net Income 2018: -$434,7072018Revenue 2019: $8,625,870Expenses 2019: $2,944,791Net Income 2019: $5,681,0792019Revenue 2020: $2,953,276Expenses 2020: $3,080,934Net Income 2020: -$127,6582020Revenue 2021: $2,077,364Expenses 2021: $3,170,004Net Income 2021: -$1,092,6402021Revenue 2022: $2,314,668Expenses 2022: $3,287,104Net Income 2022: -$972,4362022Revenue 2023: $2,242,473Expenses 2023: $3,590,159Net Income 2023: -$1,347,6862023Revenue 2024: $4,854,536Expenses 2024: $4,007,140Net Income 2024: $847,3962024Revenue 2025: $3,210,633Expenses 2025: $4,251,128Net Income 2025: -$1,040,4952025

Highlighted filing

2017

Revenue$2,488,916
Expenses$2,739,245
Net Income-$250,329
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Oct 18, 2017
Return Version
2016v3.0
Gross Receipts
$3,722,600
Mission and Program Overview

Mission

Promote economic growth in lackawanna county.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$13,826,441$13,018,640▼ $807,801
Savings and Temporary Cash Investments$3,384,451$2,356,760▼ $1,027,691
Prepaid Expenses and Deferred Charges$299,708$306,779▲ $7,071
Investments in Publicly Traded Securities$26,403$94,372▲ $67,969
Accounts Receivable$27,769$23,614▼ $4,155
Cash and Non-Interest-Bearing Accounts$9,935$17,345▲ $7,410
Total Assets$56,977,594$55,487,234▼ $1,490,360
Other Assets Total$39,402,887$39,669,724▲ $266,837
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,380,463$5,993,693▼ $386,770
Other Liabilities$1,914,906$963,358▼ $951,548
Accounts Payable and Accrued Expenses$191,262$178,468▼ $12,794
Deferred Revenue$19,904$129,297▲ $109,393
Total Liabilities$8,506,535$7,264,816▼ $1,241,719
Net Assets / Fund Balance
Unrestricted Net Assets$48,434,389$48,185,748▼ $248,641
Permanently Rstr Net Assets$36,670$36,670→ $0
Total Net Assets Fund Balance$48,471,059$48,222,418▼ $248,641
Total Liabilities and Net Assets / Fund Balance$56,977,594$55,487,234▼ $1,490,360

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,501,861$14,113,615$24,615,476
Land$1,842,906-$1,842,906
Leasehold Improvements$628,004$700,536$1,328,540
Other Land Buildings$45,869$59,684$105,553
Equipment$0$40,843$40,843
Other Assets Org$50,000--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$95,669
Program Service Revenue
$1,647,945
Investment Income
$745,302
Other Revenue
$0
Change in Net Assets
$-250,329
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,739,245
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$543,100$332,868-$875,968
Other Expenses$108,000$66,194-$174,194
All Other Expenses$56,672$34,735-$91,407
Interest$23,695$14,522-$38,217
Advertising$14,359$8,800-$23,159
Fees for Services Other$10,216$6,262-$16,478
Conferences and Meetings$8,472$5,193-$13,665
Insurance$2,598$1,592-$4,190
Fees for Service Investment Mgmnt Fees$218$134-$352
Total Functional Expenses$1,698,331$1,040,914$0$2,739,245
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Notes Payable - Affiliate$535,250
Deposit on Land Sale$241,915
Funds Held in Escrow$120,785
Security Deposits$43,603
Accrued Interest Payable$21,805
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The form 990 was reviewed by the board at a formal board meeting on october 18, 2017, at which time the board voted and approved the submission of the 990.

Form 990, Part VI, Section B, Line 12C

Board members sign and disclose annual conflicts of interest. Documents are reviewed by an ad hoc committee of the board of directors to determine any significant conflicts. All conflicts are disclosed to the full board for review and comment. Any potential questionable relationships are further investigated as necessary.

Form 990, Part VI, Section C, Line 19

Governing documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Slibco (scr Lack Ind Bldg Co)
EIN
23-6298311
Phone
5703427711
Address
222 MULBERRY STREET, SCRANTON, PA 18503

Signing Officer

Name
Robert F Durkin
Title
Executive Vice President
Phone
5703427711
Signed
2017-10-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert F Durkin
Formed
1945
Legal Domicile
Pa
Voting Board Members
24
Independent Board Members
24
Employees
0
Volunteers
0

Preparer

Firm
Mcgrail Merkel Quinn & Associates Pc
Address
1173 CLAY AVENUE, SCRANTON, PA 18510
Preparer
Daniel J Gerrity CPA
Phone
5709610345
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

There have been no changes in the oversight process of the audited financial statements.

Financial Statement Notes

PART X, LINE 2:

In accordance with the financial accounting standards board guidance on accounting for uncertainty in income taxes, management evaluated the organization and its controlled affiliates tax positions and concluded that the organization and its controlled affiliates had taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of this guidance. With few exceptions, the organization and its controlled affiliates are no longer subject to income tax examinations by the u.s. Federal, state or local tax authorities for years before june 30, 2014.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1EXECUTIVE VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01945
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0737742
IRS990/GainOrLossGrp/SecuritiesAmt0132
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt024
IRS990/GovernmentGrantsAmt095669
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt01967460
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt04098
IRS990/GrossReceiptsAmt03722600
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt024
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt01592
IRS990/InsuranceGrp/ProgramServicesAmt02598
IRS990/InsuranceGrp/TotalAmt04190
IRS990/InterestGrp/ManagementAndGeneralAmt014522
IRS990/InterestGrp/ProgramServicesAmt023695
IRS990/InterestGrp/TotalAmt038217
IRS990/InvestmentIncomeGrp/ExclusionAmt07428
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt07428
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt026403
IRS990/InvestmentsPubTradedSecGrp/EOYAmt094372
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt014914678
IRS990/LandBldgEquipBasisNetGrp/BOYAmt013826441
IRS990/LandBldgEquipBasisNetGrp/EOYAmt013018640
IRS990/LandBldgEquipCostOrOtherBssAmt027933318
IRS990/LegalDomicileStateCd0PA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt01229718
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt03966
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PROMOTE ECONOMIC GROWTH IN LACKAWANNA COUNTY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt06380463
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt05993693
IRS990/NetAssetsOrFundBalancesBOYAmt048471059
IRS990/NetAssetsOrFundBalancesEOYAmt048222418
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0737874
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0737874
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt01688
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt039402887
IRS990/OtherAssetsTotalGrp/EOYAmt039669724
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0ADMINISTRATIVE EXPENSES
IRS990/OtherExpensesGrp/Desc1SCRANTON ENTERPRISE CEN
IRS990/OtherExpensesGrp/Desc2EAST STREET FACILITY
IRS990/OtherExpensesGrp/Desc3TEKRIDGE CENTER
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1223268
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2109320
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt366194
IRS990/OtherExpensesGrp/ProgramServicesAmt0388358
IRS990/OtherExpensesGrp/ProgramServicesAmt1364279
IRS990/OtherExpensesGrp/ProgramServicesAmt2178364
IRS990/OtherExpensesGrp/ProgramServicesAmt3108000
IRS990/OtherExpensesGrp/TotalAmt0626384
IRS990/OtherExpensesGrp/TotalAmt1587547
IRS990/OtherExpensesGrp/TotalAmt2287684
IRS990/OtherExpensesGrp/TotalAmt3174194
IRS990/OtherLiabilitiesGrp/BOYAmt01914906
IRS990/OtherLiabilitiesGrp/EOYAmt0963358
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt036670
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt036670
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0299708
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0306779
IRS990/PrincipalOfficerNm0ROBERT F DURKIN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/BusinessCd1561000
IRS990/ProgramServiceRevenueGrp/Desc0EXEMPT FUNCTION RENTS
IRS990/ProgramServiceRevenueGrp/Desc1PROGRAM SERVICE FEES
IRS990/ProgramServiceRevenueGrp/ExclusionAmt01583113
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt064832
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt164832
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0834948
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01278166
IRS990/PYOtherExpensesAmt03204680
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01890356
IRS990/PYRevenuesLessExpensesAmt0798790
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt03204680
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04003470
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-250329
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03384451
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IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$53.1$2.78$50.3$3.21$4.25$1.04
2024Detailed filing. Detailed filing data is available for this year.$53.6$2.63$51.0$4.85$4.01$0.85
2023Detailed filing. Detailed filing data is available for this year.$51.6$2.02$49.6$2.24$3.59$1.35
2022Detailed filing. Detailed filing data is available for this year.$52.6$2.10$50.5$2.31$3.29$0.97
2021Detailed filing. Detailed filing data is available for this year.$54.5$2.27$52.3$2.08$3.17$1.09
2020Detailed filing. Detailed filing data is available for this year.$55.9$2.54$53.3$2.95$3.08$0.13
2019Detailed filing. Detailed filing data is available for this year.$56.8$3.37$53.5$8.63$2.94$5.68
2018Detailed filing. Detailed filing data is available for this year.$54.7$6.93$47.8$2.39$2.82$0.43
2017Detailed filing. Detailed filing data is available for this year.$55.5$7.26$48.2$2.49$2.74$0.25
2016Detailed filing. Detailed filing data is available for this year.$57.0$8.51$48.5$4.00$3.20$0.80
2015Detailed filing. Detailed filing data is available for this year.$53.8$6.15$47.7$1.24$3.37$2.13
2014Detailed filing. Detailed filing data is available for this year.$56.1$6.26$49.8$1.95$3.06$1.11
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$60.6$9.74$50.9$2.62
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$58.0$10.6$47.4$2.58