Civic Intelligence

Sullivan Free Library

990 • Fiscal year 2023 • EIN 23-7259944

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 11, 2024

101 Falls BlvdChittenango, NY 13037

(315) 687-6331

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.38x

Higher debt load relative to assets than 73% of similar nonprofits.

2023 filings • NTEE B • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

94th percentile

1.52x

Higher debt load relative to revenue than 94% of similar nonprofits.

2023 filings • NTEE B • $1M-$5M nonprofits • Source year 2023

Net Margin

55th percentile

5.1%

Higher net margin than 55% of similar nonprofits.

2023 filings • NTEE B • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

63rd percentile

$90,645

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 10.9% of source-year revenue.

2023 filings • NTEE B • $1M-$5M nonprofits • Source year 2023

Asset Growth

39th percentile

0.3%

Faster asset growth than 39% of similar nonprofits.

2023 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

69th percentile

22%

Faster revenue growth than 69% of similar nonprofits.

2023 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$3,337,777

Up $10,311 (+0.3%) from 2022

Net Assets

Up

$2,071,872

Up $42,762 (+2.1%) from 2022

Liabilities

Down

$1,265,905

Down $32,451 (-2.5%) from 2022

Revenue

Up

$833,254

Up $148,509 (+22%) from 2022

Expenses

Up

$790,492

Up $52,766 (+7.2%) from 2022

Net Income

Up

$42,762

Up $95,743 (+181%) from 2022

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $3,032,393Liabilities 2010: $1,600,583Net Assets 2010: $1,431,8102010Assets 2011: $2,981,821Liabilities 2011: $1,580,514Net Assets 2011: $1,401,3072011Assets 2012: $2,908,008Liabilities 2012: $1,559,819Net Assets 2012: $1,348,1892012Assets 2013: $2,877,576Liabilities 2013: $1,538,258Net Assets 2013: $1,339,3182013Assets 2014: $2,848,896Liabilities 2014: $1,515,788Net Assets 2014: $1,333,1082014Assets 2015: $2,852,187Liabilities 2015: $1,492,375Net Assets 2015: $1,359,8122015Assets 2016: $2,874,847Liabilities 2016: $1,468,192Net Assets 2016: $1,406,6552016Assets 2017: $3,025,213Liabilities 2017: $1,442,551Net Assets 2017: $1,582,6622017Assets 2018: $3,034,162Liabilities 2018: $1,416,059Net Assets 2018: $1,618,1032018Assets 2019: $3,084,177Liabilities 2019: $1,388,453Net Assets 2019: $1,695,7242019Assets 2020: $3,277,490Liabilities 2020: $1,359,687Net Assets 2020: $1,917,8032020Assets 2021: $3,411,803Liabilities 2021: $1,329,712Net Assets 2021: $2,082,0912021Assets 2022: $3,327,466Liabilities 2022: $1,298,356Net Assets 2022: $2,029,1102022Assets 2023: $3,337,777Liabilities 2023: $1,265,905Net Assets 2023: $2,071,8722023Assets 2024: $3,213,062Liabilities 2024: $1,232,257Net Assets 2024: $1,980,8052024

Highlighted filing

2023

Assets$3,337,777
Liabilities$1,265,905
Net Assets$2,071,872

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $552,3742010Expenses 2011: $556,5462011Expenses 2012: $580,3452012Revenue 2013: $555,638Expenses 2013: $564,513Net Income 2013: -$8,8752013Revenue 2014: $572,862Expenses 2014: $579,072Net Income 2014: -$6,2102014Revenue 2015: $596,895Expenses 2015: $570,191Net Income 2015: $26,7042015Revenue 2016: $666,113Expenses 2016: $619,270Net Income 2016: $46,8432016Revenue 2017: $780,981Expenses 2017: $604,974Net Income 2017: $176,0072017Revenue 2018: $662,669Expenses 2018: $627,228Net Income 2018: $35,4412018Revenue 2019: $755,406Expenses 2019: $677,785Net Income 2019: $77,6212019Revenue 2020: $800,080Expenses 2020: $679,649Net Income 2020: $120,4312020Revenue 2021: $668,573Expenses 2021: $582,658Net Income 2021: $85,9152021Revenue 2022: $684,745Expenses 2022: $737,726Net Income 2022: -$52,9812022Revenue 2023: $833,254Expenses 2023: $790,492Net Income 2023: $42,7622023Revenue 2024: $740,683Expenses 2024: $831,750Net Income 2024: -$91,0672024

Highlighted filing

2023

Revenue$833,254
Expenses$790,492
Net Income$42,762
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 11, 2024
Return Version
2023v5.0
Gross Receipts
$833,254
Mission and Program Overview

Mission

Serving the members of the town of sullivan community by providing materials and services for their recreational, educational, informational, cultural and civic needs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,332,119$2,504,865▲ $172,746
Rtn Earn Endowment Incm Other Fnds$2,029,110$2,071,872▲ $42,762
Savings and Temporary Cash Investments$716,810$546,070▼ $170,740
Cash and Non-Interest-Bearing Accounts$187,473$194,863▲ $7,390
Total Assets$3,327,466$3,337,777▲ $10,311
Other Assets Total$91,064$91,979▲ $915
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,298,456$1,265,905▼ $32,551
Other Liabilities$-100--
Total Liabilities$1,298,356$1,265,905▼ $32,451
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,029,110$2,071,872▲ $42,762
Total Liabilities and Net Assets / Fund Balance$3,327,466$3,337,777▲ $10,311

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,338,664$1,069,584$3,408,248
Land$153,933-$153,933
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Karen Fauls-traynorExec DirectoFT$84,007$6,638$90,645

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Rich & GardnerConstruction206 PLUM ST, Syracuse, NY 13204$220,399
Revenue and Support

Revenue Composition

Contributions and Grants
$810,553
Program Service Revenue
$17,281
Investment Income
$5,420
Other Revenue
$0
All Other Contributions
$660,627
Change in Net Assets
$42,762
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$435,999
Other Expenses$354,493
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$294,615--$294,615
Depreciation Depletion$83,721$3,774-$87,495
Current Officers, Directors, Trustees, and Key Employees$47,044$36,963-$84,007
Interest$50,301$2,647-$52,948
All Other Expenses$45,912$2,799-$48,711
Occupancy$42,521$2,786-$45,307
Other Employee Benefits$25,893$2,973-$28,866
Payroll Taxes$26,400$2,111-$28,511
Fees for Services Accounting-$17,125-$17,125
Other Expenses$15,823$875-$16,698
Insurance-$11,158-$11,158
Office Expenses$3,769$983-$4,752
Conferences and Meetings-$2,049-$2,049
Fees for Services Other-$2,000-$2,000
Total Functional Expenses$702,249$88,243$0$790,492
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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, Page 6, Part VI, Line 7A

During annual meetings all adult library card holders are eligible to vote for board positions.

Form 990, Page 6, Part VI, Line 11B

Board treasurer is provided a copy of the return for review and signature prior to filing.

Form 990, Page 6, Part VI, Line 12C

Questionaires are provided annually to all board members and reviewed by the president, any potential conflicts are discussed with the entire board.

Form 990, Page 6, Part VI, Line 15A

Personnel committee prepares and conducts annual evaluations and recommends salary increases to the board. The board of directors votes on the recommended increase.

Form 990, Page 6, Part VI, Line 19

Governing documents, conflict of interest policy and financial statements are made available to the public on an as requested basis.

Filing and Contact Details

Filer

Filer Name
Sullivan Free Library
EIN
23-7259944
Phone
3156876331
Address
101 FALLS BLVD, CHITTENANGO, NY 13037

Signing Officer

Name
William Connolly
Title
President
Phone
3156876331
Signed
2024-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Connolly
Voting Board Members
11
Independent Board Members
11
Employees
27

Preparer

Firm
Gustafson & Wargo Cpas Llp
Address
3264 SENECA TPKE, CANASTOTA, NY 13032-4505
Preparer
Barbara a Devendorf CPA
Phone
3156972345
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DURING ANNUAL MEETINGS ALL ADULT LIBRARY CARD HOLDERS ARE ELIGIBLE TO VOTE FOR BOARD POSITIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD TREASURER IS PROVIDED A COPY OF THE RETURN FOR REVIEW AND SIGNATURE PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2QUESTIONAIRES ARE PROVIDED ANNUALLY TO ALL BOARD MEMBERS AND REVIEWED BY THE PRESIDENT, ANY POTENTIAL CONFLICTS ARE DISCUSSED WITH THE ENTIRE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PERSONNEL COMMITTEE PREPARES AND CONDUCTS ANNUAL EVALUATIONS AND RECOMMENDS SALARY INCREASES TO THE BOARD. THE BOARD OF DIRECTORS VOTES ON THE RECOMMENDED INCREASE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC ON AN AS REQUESTED BASIS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
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IRS990/USAddress/StateAbbreviationCd0NY
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.21$1.23$1.98$0.74$0.83$0.09
2023Detailed filing. Detailed filing data is available for this year.$3.34$1.27$2.07$0.83$0.79$0.04
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.33$1.30$2.03$0.68$0.74$0.05
2021Detailed filing. Detailed filing data is available for this year.$3.41$1.33$2.08$0.67$0.58$0.09
2020Detailed filing. Detailed filing data is available for this year.$3.28$1.36$1.92$0.80$0.68$0.12
2019Detailed filing. Detailed filing data is available for this year.$3.08$1.39$1.70$0.76$0.68$0.08
2018Detailed filing. Detailed filing data is available for this year.$3.03$1.42$1.62$0.66$0.63$0.04
2017Detailed filing. Detailed filing data is available for this year.$3.03$1.44$1.58$0.78$0.60$0.18
2016Detailed filing. Detailed filing data is available for this year.$2.87$1.47$1.41$0.67$0.62$0.05
2015Detailed filing. Detailed filing data is available for this year.$2.85$1.49$1.36$0.60$0.57$0.03
2014Detailed filing. Detailed filing data is available for this year.$2.85$1.52$1.33$0.57$0.58$0.01
2013Detailed filing. Detailed filing data is available for this year.$2.88$1.54$1.34$0.56$0.56$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.91$1.56$1.35$0.58
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.98$1.58$1.40$0.56
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.03$1.60$1.43$0.55