Civic Intelligence

Olive Free Library Association

990 • Fiscal year 2021 • EIN 23-7209065

Jan 01, 2021 to Dec 31, 2021 • Filed on Oct 24, 2022

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

56th percentile

0.03x

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

2021 filings • NTEE B • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

61st percentile

0.06x

Higher debt load relative to revenue than 61% of similar nonprofits.

2021 filings • NTEE B • $500k-$1M nonprofits • Source year 2021

Net Margin

62nd percentile

23%

Higher net margin than 62% of similar nonprofits.

2021 filings • NTEE B • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

70th percentile

$50,663

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 14.4% of source-year revenue.

2021 filings • NTEE B • $500k-$1M nonprofits • Source year 2021

Asset Growth

38th percentile

5.2%

Faster asset growth than 38% of similar nonprofits.

2021 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

76th percentile

48%

Faster revenue growth than 76% of similar nonprofits.

2021 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$632,000

Up $31,262 (+5.2%) from 2020

Net Assets

Up

$611,681

Up $64,444 (+12%) from 2020

Liabilities

Down

$20,319

Down $33,182 (-62%) from 2020

Revenue

Up

$351,304

Up $114,257 (+48%) from 2020

Expenses

Up

$272,200

Up $24,021 (+9.7%) from 2020

Net Income

Up

$79,104

Up $90,236 (+811%) from 2020

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

2021

Assets$632,000
Liabilities$20,319
Net Assets$611,681

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

2021

Revenue$351,304
Expenses$272,200
Net Income$79,104
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Oct 24, 2022
Return Version
2021v4.0
Gross Receipts
$351,304
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$355,202$342,116▼ $13,086
Cash and Non-Interest-Bearing Accounts$115,433$162,188▲ $46,755
Prepaid Expenses and Deferred Charges$232$0▼ $232
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$600,738$632,000▲ $31,262
Other Assets Total$129,871$127,696▼ $2,175
Liabilities
Other Liabilities$53,501$20,319▼ $33,182
Total Liabilities$53,501$20,319▼ $33,182
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$547,237$611,681▲ $64,444
Total Net Assets Fund Balance$547,237$611,681▲ $64,444
Total Liabilities and Net Assets / Fund Balance$600,738$632,000▲ $31,262

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$53,764$349,497$403,261
Leasehold Improvements$234,698$69,047$303,745
Equipment$15,164$101,533$116,697
Land$38,294-$38,294
Other Land Buildings$196$26,605$26,801
Other Assets Org$24,214--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Chrissy LawlorDirectorFT$50,663$50,663

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$337,035
Program Service Revenue
$14,184
Investment Income
$21
Other Revenue
$64
All Other Contributions
$85,367
Change in Net Assets
$79,104
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$154,433
Other Expenses$117,767
Total Fundraising Expense$178
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$21,009$70,334-$91,343
Current Officers, Directors, Trustees, and Key Employees-$50,663-$50,663
All Other Expenses$3,165$15,965$178$19,308
Depreciation Depletion$13,086--$13,086
Insurance$12,809--$12,809
Payroll Taxes-$12,427-$12,427
Fees for Services Other$9,551$998-$10,549
Other Expenses$10,154$10,304-$10,154
Fees for Services Accounting-$7,655-$7,655
Advertising-$2,742-$2,742
Office Expenses-$1,923-$1,923
Conferences and Meetings$1,246--$1,246
Information Technology-$21-$21
Total Functional Expenses$87,974$184,048$178$272,200
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Loan from OFL Trust$18,300
Capital One Credit Card$1,334
sales tax payable$685
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, Part VI, Line 11B: Form 990 Review Process

Reviewed at monthly board meeting

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

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Olive Free Library Association
EIN
23-7209065
Phone
8456572482
Address
PO BOX 59, WEST SHOKAN, NY 12494

Signing Officer

Name
Chrissy Lawlor
Title
Director
Signed
2022-10-24
Discuss with paid preparer
Yes

Organization Details

Formed
1958
Legal Domicile
Ny
Voting Board Members
10
Independent Board Members
10
Employees
9
Volunteers
22

Preparer

Firm
David R Dolan CPA Pc
Address
2901 ROUTE 9W, SAUGERTIES, NY 12477
Preparer
David R Dolan CPA
Phone
8452468934
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IRS990/OtherExpensesGrp/TotalAmt310154
IRS990/OtherLiabilitiesGrp/BOYAmt053501
IRS990/OtherLiabilitiesGrp/EOYAmt020319
IRS990/OtherRevenueMiscGrp/BusinessCd0519100
IRS990/OtherRevenueMiscGrp/BusinessCd1519100
IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous
IRS990/OtherRevenueMiscGrp/Desc1Sales Tax Vendor credit
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt061
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt13
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt061
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt13
IRS990/OtherRevenueTotalAmt064
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt070334
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt021009
IRS990/OtherSalariesAndWagesGrp/TotalAmt091343
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt012427
IRS990/PayrollTaxesGrp/TotalAmt012427
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0232
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PriorPeriodAdjustmentsAmt0-14660
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0519100
IRS990/ProgramServiceRevenueGrp/BusinessCd1519100
IRS990/ProgramServiceRevenueGrp/BusinessCd2519130
IRS990/ProgramServiceRevenueGrp/BusinessCd3519100
IRS990/ProgramServiceRevenueGrp/Desc0Art Sales
IRS990/ProgramServiceRevenueGrp/Desc1Programs
IRS990/ProgramServiceRevenueGrp/Desc2service charges
IRS990/ProgramServiceRevenueGrp/Desc3used book sales
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05693
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt15116
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21862
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt31513
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05693
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt15116
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21862
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt31513
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0226831
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt03597
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt088068
IRS990/PYOtherRevenueAmt098
IRS990/PYProgramServiceRevenueAmt06521
IRS990/PYRevenuesLessExpensesAmt0-11132
IRS990/PYSalariesCompEmpBnftPaidAmt0160111
IRS990/PYTotalExpensesAmt0248179
IRS990/PYTotalRevenueAmt0237047
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt079104
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0174012
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt068636
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0157688
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0112943
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0107000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0620279
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt021
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt03597
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt02143
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt05761
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99570
IRS990ScheduleA/PublicSupportTotal170Amt01347363
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt0153742
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt0158916
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt0148142
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt0133142
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt0133142
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt0727084
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0327754
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0227552
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0305830
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0246085
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0240142
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01347363
IRS990ScheduleA/TotalSupportAmt01353124
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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/BookValueAmt053764
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0349497
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0403261
IRS990ScheduleD/EquipmentGrp/BookValueAmt015164
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0101533
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0116697
IRS990ScheduleD/LandGrp/BookValueAmt038294
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt038294
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0234698
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt069047
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0303745
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt024214
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Chemung Canal Trust
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0196
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt026605
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt026801
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01334
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt118300
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2685
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Capital One Credit Card
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Loan from OFL Trust
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2sales tax payable
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0342116
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0127696

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