Civic Intelligence

Olive Free Library Association

990 • Fiscal year 2020 • EIN 23-7209065

Jan 01, 2020 to Dec 31, 2020 • Filed on May 17, 2021

PO Box 59West Shokan, NY 12494

(845) 657-2482

Siviq Scores

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

Liabilities / Assets

59th percentile

0.09x

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

2020 filings • NTEE B • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

76th percentile

0.23x

Higher debt load relative to revenue than 76% of similar nonprofits.

2020 filings • NTEE B • $500k-$1M nonprofits • Source year 2020

Net Margin

29th percentile

-4.7%

Higher net margin than 29% of similar nonprofits.

2020 filings • NTEE B • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

70th percentile

$50,214

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 21.2% of source-year revenue.

2020 filings • NTEE B • $500k-$1M nonprofits • Source year 2020

Asset Growth

37th percentile

2.8%

Faster asset growth than 37% of similar nonprofits.

2020 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

21st percentile

-30%

Faster revenue growth than 21% of similar nonprofits.

2020 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$600,738

Up $16,555 (+2.8%) from 2019

Net Assets

Down

$547,237

Down $9,497 (-1.7%) from 2019

Liabilities

Up

$53,501

Up $26,052 (+95%) from 2019

Revenue

Down

$237,047

Down $101,252 (-30%) from 2019

Expenses

Up

$248,179

Up $2,317 (+0.9%) from 2019

Net Income

Down

-$11,132

Down $103,569 (-112%) from 2019

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2010: $341,434Liabilities 2010: $1,857Net Assets 2010: $339,5772010Assets 2011: $377,119Liabilities 2011: $2,068Net Assets 2011: $375,0512011Assets 2012: $402,648Liabilities 2012: $2,573Net Assets 2012: $400,0752012Assets 2013: $403,030Liabilities 2013: $1,335Net Assets 2013: $401,6952013Assets 2014: $438,624Liabilities 2014: $0Net Assets 2014: $438,6242014Assets 2015: $434,606Liabilities 2015: $0Net Assets 2015: $434,6062015Assets 2016: $435,633Liabilities 2016: $1,836Net Assets 2016: $433,7972016Assets 2017: $458,981Liabilities 2017: $1,431Net Assets 2017: $457,5502017Assets 2018: $475,534Liabilities 2018: $1,658Net Assets 2018: $473,8762018Assets 2019: $584,183Liabilities 2019: $27,449Net Assets 2019: $556,7342019Assets 2020: $600,738Liabilities 2020: $53,501Net Assets 2020: $547,2372020Assets 2021: $632,000Liabilities 2021: $20,319Net Assets 2021: $611,6812021Assets 2022: $654,536Liabilities 2022: $19,544Net Assets 2022: $634,9922022Assets 2023: $658,670Liabilities 2023: $21,738Net Assets 2023: $636,9322023Assets 2024: $623,378Liabilities 2024: $21,004Net Assets 2024: $602,3742024

Highlighted filing

2020

Assets$600,738
Liabilities$53,501
Net Assets$547,237

Operations Trend

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

$400K$200K$0-$200KRevenue 2010: $127,643Expenses 2010: $141,793Net Income 2010: -$14,1502010Expenses 2011: $175,1232011Expenses 2012: $179,7122012Revenue 2013: $215,365Expenses 2013: $213,745Net Income 2013: $1,6202013Revenue 2014: $256,549Expenses 2014: $219,620Net Income 2014: $36,9292014Revenue 2015: $226,246Expenses 2015: $230,264Net Income 2015: -$4,0182015Revenue 2016: $244,737Expenses 2016: $245,546Net Income 2016: -$8092016Revenue 2017: $263,609Expenses 2017: $239,856Net Income 2017: $23,7532017Revenue 2018: $270,524Expenses 2018: $254,198Net Income 2018: $16,3262018Revenue 2019: $338,299Expenses 2019: $245,862Net Income 2019: $92,4372019Revenue 2020: $237,047Expenses 2020: $248,179Net Income 2020: -$11,1322020Revenue 2021: $351,304Expenses 2021: $272,200Net Income 2021: $79,1042021Revenue 2022: $326,698Expenses 2022: $303,554Net Income 2022: $23,1442022Revenue 2023: $361,270Expenses 2023: $361,080Net Income 2023: $1902023Revenue 2024: $338,865Expenses 2024: $372,928Net Income 2024: -$34,0632024

Highlighted filing

2020

Revenue$237,047
Expenses$248,179
Net Income-$11,132
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 17, 2021
Return Version
2020v4.1
Gross Receipts
$237,047
Mission and Program Overview

Mission

Public library for the town of olive and surrounding communities.

Public library for the town of olive new york and surrounding communities

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$369,172$355,202▼ $13,970
Investments in Publicly Traded Securities-$129,871-
Savings and Temporary Cash Investments$120,611--
Cash and Non-Interest-Bearing Accounts$94,370$115,433▲ $21,063
Prepaid Expenses and Deferred Charges-$232-
Accounts Receivable$30--
Total Assets$584,183$600,738▲ $16,555
Liabilities
Other Liabilities$27,449$53,501▲ $26,052
Total Liabilities$27,449$53,501▲ $26,052
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$556,734$547,237▼ $9,497
Total Net Assets Fund Balance$556,734$547,237▼ $9,497
Total Liabilities and Net Assets / Fund Balance$584,183$600,738▲ $16,555

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$706,920--
Other Land Buildings$-506,795$533,596-
Land$38,249--
Equipment$116,828--
Compensation and Service Providers

Employees

NameTitleBaseTotal
Chrissy LawlorLibrary Director$50,214$50,214

Board Members and Trustees

NameTitle
David EdingerPresident
Felice CastellanoVice President
Donna ElbergTrustee
Klaus BucheleTrustee
Lisa KleinTrustee
Rebecca BalzacTrustee
Susan YorkTrustee
Thomas HammangTrustee
Kimberley DaleySecretary
Nathalie AndrewsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$226,831
Program Service Revenue
$6,521
Investment Income
$3,597
Other Revenue
$98
All Other Contributions
$55,251
Change in Net Assets
$-11,132
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$160,111
Other Expenses$88,068
Total Fundraising Expense$223
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$22,239$74,031-$96,270
Current Officers, Directors, Trustees, and Key Employees-$50,214-$50,214
Fees for Services Other-$16,798-$16,798
Depreciation Depletion$13,970--$13,970
Payroll Taxes-$13,490-$13,490
Insurance$10,375--$10,375
All Other Expenses-$8,695$223$8,918
Fees for Services Accounting-$4,865-$4,865
Advertising-$1,831-$1,831
Office Expenses-$1,762-$1,762
Conferences and Meetings-$981-$981
Fees for Services Legal-$682-$682
Interest-$613-$613
Other Expenses$10,085$399-$399
Travel-$315-$315
Other Employee Benefits-$137-$137
Total Functional Expenses$56,669$191,287$223$248,179
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Ppp Sba Loan$27,227
Loan From Ofl Trust$25,800
Capital One Credit Card$418
Sales Tax Payable$56
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990 governing body review Part VI line 11

The governing body reviews and must approve form 990 before filing.

Conflict of interest policy compliance Part VI line 12C

The library association has a current conflict of interest policy in place.

CEO executive director top management comp Part VI line 15A

The governing body has an independent process in place to determine top management compensation.

Other officer or key employee compensation Part VI line 15B

The governing body has an independent process in place to determine top management compensation.

Governing documents etc available to public Part VI line 19

The library association governing documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Olive Free Library Association
EIN
23-7209065
Address
PO BOX 59, WEST SHOKAN, NY 12494

Signing Officer

Name
Chrissy Lawlor
Title
Director
Phone
8456572482
Signed
2021-05-17
Discuss with paid preparer
No

Organization Details

Formed
1958
Legal Domicile
Ny
Voting Board Members
10
Independent Board Members
10
Employees
9

Preparer

Firm
Joel Cymrot CPA Pc
Address
411 WASHINGTON AVE SUITE 202, KINGSTON, NY 12401
Preparer
Joel Cymrot
Phone
8453315675
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0232
IRS990/PriorPeriodAdjustmentsAmt01635
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0519100
IRS990/ProgramServiceRevenueGrp/BusinessCd1519100
IRS990/ProgramServiceRevenueGrp/BusinessCd2519100
IRS990/ProgramServiceRevenueGrp/Desc0SERVICE CHARGES
IRS990/ProgramServiceRevenueGrp/Desc1USED BOOK SALES
IRS990/ProgramServiceRevenueGrp/Desc2PROGRAMS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0814
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1550
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt25157
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0814
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1550
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt25157
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0322583
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt02143
IRS990/PYOtherExpensesAmt0107486
IRS990/PYOtherRevenueAmt0142
IRS990/PYProgramServiceRevenueAmt013431
IRS990/PYRevenuesLessExpensesAmt092437
IRS990/PYSalariesCompEmpBnftPaidAmt0138376
IRS990/PYTotalExpensesAmt0245862
IRS990/PYTotalRevenueAmt0338299
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-11132
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0120611
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt079410
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0157688
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0112943
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0107000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt095538
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0552579
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt03597
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt02143
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt05740
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt01162477
IRS990ScheduleA/SubstantialContributorsTotAmt085812
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt0148142
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt0148142
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt0133142
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt0133142
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt0133142
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt0695710
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0227552
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0305830
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0246085
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0240142
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0228680
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01248289
IRS990ScheduleA/TotalSupportAmt01254029
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0706920
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0706920
IRS990ScheduleD/EquipmentGrp/BookValueAmt0116828
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0116828
IRS990ScheduleD/LandGrp/BookValueAmt038249
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt038249
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0-506795
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0533596
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt026801
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt027227
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1418
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt256
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt325800
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PPP SBA LOAN
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CAPITAL ONE CREDIT CARD
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SALES TAX PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3LOAN FROM OFL TRUST
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0355202
IRS990ScheduleD/TotalLiabilityAmt053501
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE GOVERNING BODY REVIEWS AND MUST APPROVE FORM 990 BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE LIBRARY ASSOCIATION HAS A CURRENT CONFLICT OF INTEREST POLICY IN PLACE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING BODY HAS AN INDEPENDENT PROCESS IN PLACE TO DETERMINE TOP MANAGEMENT COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING BODY HAS AN INDEPENDENT PROCESS IN PLACE TO DETERMINE TOP MANAGEMENT COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE LIBRARY ASSOCIATION GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0584183
IRS990/TotalAssetsEOYAmt0600738
IRS990/TotalAssetsGrp/BOYAmt0584183
IRS990/TotalAssetsGrp/EOYAmt0600738
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0226831
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0223
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0191287
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt056669
IRS990/TotalFunctionalExpensesGrp/TotalAmt0248179
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt027449
IRS990/TotalLiabilitiesEOYAmt053501
IRS990/TotalLiabilitiesGrp/BOYAmt027449
IRS990/TotalLiabilitiesGrp/EOYAmt053501
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0556734
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0547237
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt056669
IRS990/TotalProgramServiceRevenueAmt06521
IRS990/TotalReportableCompFromOrgAmt050214
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt010216

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.$6.23$0.21$6.02$3.39$3.73$0.34
2023Detailed filing. Detailed filing data is available for this year.$6.59$0.22$6.37$3.61$3.61$0.00
2022Detailed filing. Detailed filing data is available for this year.$6.55$0.20$6.35$3.27$3.04$0.23
2021Detailed filing. Detailed filing data is available for this year.$6.32$0.20$6.12$3.51$2.72$0.79
2020Detailed filing. Detailed filing data is available for this year.$6.01$0.54$5.47$2.37$2.48$0.11
2019Detailed filing. Detailed filing data is available for this year.$5.84$0.27$5.57$3.38$2.46$0.92
2018Detailed filing. Detailed filing data is available for this year.$4.76$0.02$4.74$2.71$2.54$0.16
2017Detailed filing. Detailed filing data is available for this year.$4.59$0.01$4.58$2.64$2.40$0.24
2016Detailed filing. Detailed filing data is available for this year.$4.36$0.02$4.34$2.45$2.46$0.01
2015Detailed filing. Detailed filing data is available for this year.$4.35$0.00$4.35$2.26$2.30$0.04
2014Detailed filing. Detailed filing data is available for this year.$4.39$0.00$4.39$2.57$2.20$0.37
2013Detailed filing. Detailed filing data is available for this year.$4.03$0.01$4.02$2.15$2.14$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.03$0.03$4.00$1.80
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.77$0.02$3.75$1.75
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.41$0.02$3.40$1.28$1.42$0.14