Civic Intelligence

Olive Free Library Association

990 • Fiscal year 2023 • EIN 23-7209065

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 28, 2024

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

60th percentile

0.03x

Higher debt load relative to assets than 60% of similar nonprofits.

2023 filings • NTEE B • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

66th percentile

0.06x

Higher debt load relative to revenue than 66% of similar nonprofits.

2023 filings • NTEE B • $500k-$1M nonprofits • Source year 2023

Net Margin

39th percentile

0.1%

Higher net margin than 39% of similar nonprofits.

2023 filings • NTEE B • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

74th percentile

$56,991

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 15.8% of source-year revenue.

2023 filings • NTEE B • $500k-$1M nonprofits • Source year 2023

Asset Growth

39th percentile

0.6%

Faster asset growth than 39% of similar nonprofits.

2023 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

57th percentile

11%

Faster revenue growth than 57% of similar nonprofits.

2023 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Up

$658,670

Up $4,134 (+0.6%) from 2022

Net Assets

Up

$636,932

Up $1,940 (+0.3%) from 2022

Liabilities

Up

$21,738

Up $2,194 (+11%) from 2022

Revenue

Up

$361,270

Up $34,572 (+11%) from 2022

Expenses

Up

$361,080

Up $57,526 (+19%) from 2022

Net Income

Down

$190

Down $22,954 (-99%) from 2022

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

2023

Assets$658,670
Liabilities$21,738
Net Assets$636,932

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

2023

Revenue$361,270
Expenses$361,080
Net Income$190
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 28, 2024
Return Version
2023v5.1
Gross Receipts
$502,139
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$390,138$383,830▼ $6,308
Cash and Non-Interest-Bearing Accounts$75,248$86,976▲ $11,728
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-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$654,536$658,670▲ $4,134
Other Assets Total$189,150$187,864▼ $1,286
Liabilities
Other Liabilities$19,544$21,738▲ $2,194
Total Liabilities$19,544$21,738▲ $2,194
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$634,992$636,932▲ $1,940
Total Net Assets Fund Balance$634,992$636,932▲ $1,940
Total Liabilities and Net Assets / Fund Balance$654,536$658,670▲ $4,134

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$50,338$352,923$403,261
Leasehold Improvements$276,132$85,828$361,960
Equipment$13,141$111,085$124,226
Land$38,294-$38,294
Other Land Buildings$5,925$27,416$33,341
Other Assets Org$502--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Chrissy LawlorEx OfficioFT$56,991$56,991

Board Members and Trustees

NameTitle
David EdingerPresident
Fara WarnerVice President
Melissa McHugh2024 Director
Donna ElbergTrustee
Karen HeuselTrustee
Margaret SoltisTrustee
Susan YorkTrustee
Thomas HammangTrustee
Felice CastellanoEx Officio
Kimberley DaleySecretary
Nathalie AndrewsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$329,229
Program Service Revenue
$22,141
Investment Income
$9,497
Other Revenue
$403
All Other Contributions
$80,748
Change in Net Assets
$190
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$182,810
Salaries, Compensation, and Employee Benefits$178,270
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$24,641$82,492-$107,133
Current Officers, Directors, Trustees, and Key Employees-$56,991-$56,991
All Other Expenses$1,205$24,005-$25,210
Fees for Services Other$13,836$2,943-$16,779
Insurance$14,549--$14,549
Payroll Taxes-$14,146-$14,146
Depreciation Depletion$13,827--$13,827
Other Expenses$15,311$11,852-$11,852
Fees for Services Accounting-$4,667-$4,667
Conferences and Meetings$3,818--$3,818
Advertising-$2,991-$2,991
Office Expenses-$2,444-$2,444
Information Technology-$162-$162
Total Functional Expenses$136,549$224,531$0$361,080
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$2,447
sales tax payable$991
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, Section B, Line 11B

Reviewed at monthly board meeting

Form 990, Part VI, Section C, Line 19

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
Melissa McHugh
Title
Director
Signed
2024-10-28
Discuss with paid preparer
Yes

Organization Details

Formed
1958
Legal Domicile
Ny
Voting Board Members
10
Independent Board Members
10
Employees
7
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/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0634992
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0636932
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02444
IRS990/OfficeExpensesGrp/TotalAmt02444
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0189150
IRS990/OtherAssetsTotalGrp/EOYAmt0187864
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Program Classes
IRS990/OtherExpensesGrp/Desc1Building & Grounds
IRS990/OtherExpensesGrp/Desc2Media Purchases
IRS990/OtherExpensesGrp/Desc3Utilities
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt021838
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt111852
IRS990/OtherExpensesGrp/ProgramServicesAmt049362
IRS990/OtherExpensesGrp/ProgramServicesAmt115311
IRS990/OtherExpensesGrp/TotalAmt049362
IRS990/OtherExpensesGrp/TotalAmt121838
IRS990/OtherExpensesGrp/TotalAmt215311
IRS990/OtherExpensesGrp/TotalAmt311852
IRS990/OtherLiabilitiesGrp/BOYAmt019544
IRS990/OtherLiabilitiesGrp/EOYAmt021738
IRS990/OtherRevenueMiscGrp/BusinessCd0519100
IRS990/OtherRevenueMiscGrp/BusinessCd1519100
IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous
IRS990/OtherRevenueMiscGrp/Desc1Sales Tax Vendor credit
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0360
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt143
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0360
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt143
IRS990/OtherRevenueTotalAmt0403
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt082492
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt024641
IRS990/OtherSalariesAndWagesGrp/TotalAmt0107133
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt014146
IRS990/PayrollTaxesGrp/TotalAmt014146
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PriorPeriodAdjustmentsAmt01750
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/RelatedOrExemptFuncIncomeAmt010671
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt18207
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt22187
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt31076
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt010671
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt18207
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt22187
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt31076
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0310679
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt017
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0138640
IRS990/PYOtherRevenueAmt039
IRS990/PYProgramServiceRevenueAmt015963
IRS990/PYRevenuesLessExpensesAmt023144
IRS990/PYSalariesCompEmpBnftPaidAmt0164914
IRS990/PYTotalExpensesAmt0303554
IRS990/PYTotalRevenueAmt0326698
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0190
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/CurrentTaxYearAmt0153484
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0134748
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0174012
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt068636
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0157688
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0688568
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt017
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt021
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt03597
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt02143
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt05778
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99620
IRS990ScheduleA/PublicSupportPY170Pct00.99590
IRS990ScheduleA/PublicSupportTotal170Amt01496852
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt0173742
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt0173742
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt0153742
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt0158916
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt0148142
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt0808284
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0327226
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0308490
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0327754
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0227552
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0305830
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01496852
IRS990ScheduleA/TotalSupportAmt01502630
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt050338
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0352923
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0403261
IRS990ScheduleD/EquipmentGrp/BookValueAmt013141
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0111085
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0124226
IRS990ScheduleD/LandGrp/BookValueAmt038294
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt038294
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0276132
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt085828
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0361960
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0502
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Chemung Canal Trust
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt05925
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt027416
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt033341
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02447
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt118300

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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