Civic Intelligence

Old Lyme-Phoebe Griffin Noyes

EIN 23-7209074 • 501(c)3 • Old Lyme, CT

Profile

To inspire lifelong learning and discovery in a welcoming place with exceptional resources, programs and services. To be the community's vibrant hub for engagement, discovery and creativity.

2 Library LaneOld Lyme, CT 06371

www.oldlyme.lioninc.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

12th percentile

0.00x

Higher debt load relative to assets than 12% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

21st percentile

0.05x

Higher debt load relative to revenue than 21% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Net Margin

15th percentile

-13%

Higher net margin than 15% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

20th percentile

$86,469

Higher top officer pay than 20% of similar nonprofits.

Top officer pay equals 9.3% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Asset Growth

44th percentile

2.5%

Faster asset growth than 44% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Revenue Growth

37th percentile

1.3%

Faster revenue growth than 37% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Assets

Up

$10,332,272

Up $254,801 (+2.5%) from 2024

Liabilities

Up

$48,708

Up $14,743 (+43%) from 2024

Net Assets

Up

$10,283,564

Up $240,058 (+2.4%) from 2024

Revenue

Up

$926,029

Up $11,936 (+1.3%) from 2024

Expenses

Down

$1,046,746

Down $4,715 (-0.4%) from 2024

Net Income

Up

-$120,717

Up $16,651 (+12%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2015: $5,930,223Liabilities 2015: $21,507Net Assets 2015: $5,908,7162015Assets 2016: $5,688,152Liabilities 2016: $29,553Net Assets 2016: $5,658,5992016Assets 2017: $5,834,276Liabilities 2017: $47,897Net Assets 2017: $5,786,3792017Assets 2018: $5,949,174Liabilities 2018: $29,671Net Assets 2018: $5,919,5032018Assets 2019: $6,711,803Liabilities 2019: $24,464Net Assets 2019: $6,687,3392019Assets 2020: $9,919,949Liabilities 2020: $305,725Net Assets 2020: $9,614,2242020Assets 2021: $10,718,244Liabilities 2021: $122,797Net Assets 2021: $10,595,4472021Assets 2022: $9,658,553Liabilities 2022: $42,920Net Assets 2022: $9,615,6332022Assets 2023: $9,705,578Liabilities 2023: $41,588Net Assets 2023: $9,663,9902023Assets 2024: $10,077,471Liabilities 2024: $33,965Net Assets 2024: $10,043,5062024Assets 2025: $10,332,272Liabilities 2025: $48,708Net Assets 2025: $10,283,5642025

Highlighted filing

2025

Assets$10,332,272
Liabilities$48,708
Net Assets$10,283,564

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$2.0M$0-$2.0MRevenue 2015: $694,161Expenses 2015: $746,732Net Income 2015: -$52,5712015Revenue 2016: $659,453Expenses 2016: $755,785Net Income 2016: -$96,3322016Revenue 2017: $613,406Expenses 2017: $833,374Net Income 2017: -$219,9682017Revenue 2018: $830,431Expenses 2018: $838,668Net Income 2018: -$8,2372018Revenue 2019: $1,645,536Expenses 2019: $825,473Net Income 2019: $820,0632019Revenue 2020: $3,745,093Expenses 2020: $801,358Net Income 2020: $2,943,7352020Revenue 2021: $1,062,527Expenses 2021: $908,071Net Income 2021: $154,4562021Revenue 2022: $698,853Expenses 2022: $967,493Net Income 2022: -$268,6402022Revenue 2023: $805,813Expenses 2023: $956,563Net Income 2023: -$150,7502023Revenue 2024: $914,093Expenses 2024: $1,051,461Net Income 2024: -$137,3682024Revenue 2025: $926,029Expenses 2025: $1,046,746Net Income 2025: -$120,7172025

Highlighted filing

2025

Revenue$926,029
Expenses$1,046,746
Net Income-$120,717

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Feb 2, 2026
Return Version
2024v5.2
Gross Receipts
$1,336,192
Mission and Program Overview

Mission

To inspire lifelong learning and discovery in a welcoming place with exceptional resources, programs and services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,943,329$6,348,520▲ $405,191
Land, Buildings, and Equipment, Net$3,668,333$3,554,240▼ $114,093
Savings and Temporary Cash Investments$214,371$212,867▼ $1,504
Pledges and Grants Receivable$200,518$200,518→ $0
Cash and Non-Interest-Bearing Accounts$50,918$16,127▼ $34,791
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$10,077,469$10,332,272▲ $254,803
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$23,413$36,369▲ $12,956
Other Liabilities$10,552$12,339▲ $1,787
Total Liabilities$33,965$48,708▲ $14,743
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,178,508$8,450,809▲ $272,301
Net Assets With Donor Restrictions$1,864,996$1,832,755▼ $32,241
Total Net Assets Fund Balance$10,043,504$10,283,564▲ $240,060
Total Liabilities and Net Assets / Fund Balance$10,077,469$10,332,272▲ $254,803

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$2,686,341$579,897$3,266,238
Buildings$576,886$1,873,236$2,450,122
Other Land Buildings$112,472$195,582$308,054
Land$144,133-$144,133
Equipment$34,408$60,422$94,830

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$1,816,227---$1,816,227
2023$1,816,227---$1,816,227
2022$1,816,227---$1,816,227
2021$1,816,227---$1,816,227
2020$1,816,227---$1,816,227
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Katie HuffmanExecutive DirectorFT$81,281$5,188$86,469

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$600,515
Program Service Revenue
$27,424
Investment Income
$275,915
Other Revenue
$22,175
All Other Contributions
$182,807
Change in Net Assets
$-120,717

Audited Revenue Reconciliation

Revenue per Audited Statements
$910,848
Revenue Not Reported on Financial Statements
$15,181
Revenue Not Reported on Form 990
$388,734
Total Revenue per Audited Statements
$1,299,582
Total Revenue per Form 990
$926,029
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$569,583
Other Expenses$477,163
Total Fundraising Expense$42,106
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$290,915$80,384$11,484$382,783
Depreciation Depletion$120,260$22,549$7,516$150,325
Current Officers, Directors, Trustees, and Key Employees$65,716$18,159$2,594$86,469
Other Employee Benefits$49,272$13,615$1,945$64,832
Occupancy$40,573$7,607$2,536$50,716
Payroll Taxes$26,979$7,455$1,065$35,499
Fees for Services Other-$24,944-$24,944
Insurance$18,106$3,395$1,132$22,633
Other Expenses$17,437$3,269$1,090$21,796
Advertising$9,512-$9,512$19,024
Fees for Services Accounting-$17,432-$17,432
Total Functional Expenses$796,134$208,506$42,106$1,046,746

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,059,523
Expenses per Audited Statements$1,046,746
Total Expenses per Form 990$1,046,746
Expenses Not Reported on Form 990$12,777
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$34,952
Fundraising Direct Expenses$12,777
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraising Event$34,952$34,952$12,777$22,175
Total Events$34,952$34,952$12,777$22,175
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
Due to Others- Midsummer Festival$12,339
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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, Part VI, Section B, Line 11B

The form 990 is reviewed and approved by the finance committee of the library. Approval by the finance committee is reported at the next meeting of the board of trustees where a recommendation is made to the board to accept the form 990. Copies of the form 990 are made available to the trustees and the acceptance is recorded in the board minutes.

Form 990, Part VI, Section B, Line 15A

BOARD APPROVAL

Form 990, Part VI, Section B, Line 15B

BOARD APPROVAL

Form 990, Part VI, Section C, Line 18

Financial documents on Guidestar

Form 990, Part VI, Section C, Line 19

The governing documents and financial statements are available to the general public on request. The 990 is also available on guidestar.

Filing and Contact Details

Filer

Filer Name
Old Lyme-Phoebe Griffin Noyes
EIN
23-7209074
Phone
8604341684
Address
2 Library Lane, Old Lyme, CT 06371

Signing Officer

Name
Jean Wilczynski
Title
Treasurer
Signed
2026-02-02
Discuss with paid preparer
Yes

Organization Details

Formed
1897
Legal Domicile
Ct
Voting Board Members
15
Independent Board Members
15
Employees
12
Volunteers
35

Preparer

Firm
Doherty Beals & Banks PC
Address
187 Williams St, New London, CT 06320
Preparer
Audrey A Leone CPA
Phone
8604432033
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The Organization recognizes the tax benefit from uncertain tax positions when it is more-likely-then-not the position will be sustained upon examination by taxing authorities. As of June 30, 2025, the Organization had no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. In the normal course of business, the Organizations tax filings are subject to examination by federal and state taxing authorities. The Organizations tax returns for the last three years remain open for examination.

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Fund-raising Event Support $12777

Part XII, Line 2D: Other expenses and losses per audited F/S

Fund-raising Event Support $12777

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