Civic Intelligence

James V Brown Lib Endow Fd

990 • Fiscal year 2014 • EIN 24-0799180

Jan 01, 2014 to Dec 31, 2014 • Filed on Jun 25, 2015

19 East Fourth StreetWilliamsport, PA 17701

(570) 326-0536

Siviq Scores

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

Liabilities / Assets

25th percentile

0.05x

Higher debt load relative to assets than 25% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

49th percentile

0.24x

Higher debt load relative to revenue than 49% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Net Margin

13th percentile

-12%

Higher net margin than 13% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

25th percentile

$107,218

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 4.9% of source-year revenue.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Asset Growth

33rd percentile

-0.4%

Faster asset growth than 33% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

12th percentile

-18%

Faster revenue growth than 12% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Assets

Down

$10,950,282

Down $45,215 (-0.4%) from 2013

Net Assets

Down

$10,417,091

Down $102,304 (-1.0%) from 2013

Liabilities

Up

$533,191

Up $57,089 (+12%) from 2013

Revenue

Down

$2,207,549

Down $487,130 (-18%) from 2013

Expenses

Down

$2,465,914

Down $102,809 (-4.0%) from 2013

Net Income

Down

-$258,365

Down $384,321 (-305%) from 2013

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2012: $10,744,037Liabilities 2012: $535,994Net Assets 2012: $10,208,0432012Assets 2013: $10,995,497Liabilities 2013: $476,102Net Assets 2013: $10,519,3952013Assets 2014: $10,950,282Liabilities 2014: $533,191Net Assets 2014: $10,417,0912014Assets 2015: $10,352,534Liabilities 2015: $185,165Net Assets 2015: $10,167,3692015Assets 2016: $11,210,086Liabilities 2016: $870,315Net Assets 2016: $10,339,7712016Assets 2017: $11,059,218Liabilities 2017: $358,653Net Assets 2017: $10,700,5652017Assets 2018: $10,768,025Liabilities 2018: $260,544Net Assets 2018: $10,507,4812018Assets 2019: $11,314,184Liabilities 2019: $258,613Net Assets 2019: $11,055,5712019Assets 2020: $12,222,379Liabilities 2020: $278,696Net Assets 2020: $11,943,6832020Assets 2021: $13,586,907Liabilities 2021: $336,523Net Assets 2021: $13,250,3842021Assets 2024: $14,395,239Liabilities 2024: $372,907Net Assets 2024: $14,022,3322024

Highlighted filing

2014

Assets$10,950,282
Liabilities$533,191
Net Assets$10,417,091

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2012: $2,454,2712012Revenue 2013: $2,694,679Expenses 2013: $2,568,723Net Income 2013: $125,9562013Revenue 2014: $2,207,549Expenses 2014: $2,465,914Net Income 2014: -$258,3652014Revenue 2015: $2,274,001Expenses 2015: $2,464,708Net Income 2015: -$190,7072015Revenue 2016: $2,386,219Expenses 2016: $2,403,093Net Income 2016: -$16,8742016Revenue 2017: $3,063,397Expenses 2017: $2,893,903Net Income 2017: $169,4942017Revenue 2018: $3,119,329Expenses 2018: $3,158,968Net Income 2018: -$39,6392018Revenue 2019: $2,551,138Expenses 2019: $2,342,009Net Income 2019: $209,1292019Revenue 2020: $2,913,738Expenses 2020: $2,306,894Net Income 2020: $606,8442020Revenue 2021: $3,233,317Expenses 2021: $2,217,996Net Income 2021: $1,015,3212021Revenue 2024: $3,421,957Expenses 2024: $2,951,559Net Income 2024: $470,3982024

Highlighted filing

2014

Revenue$2,207,549
Expenses$2,465,914
Net Income-$258,365
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Jun 25, 2015
Return Version
2014v5.0
Gross Receipts
$2,623,862
Mission and Program Overview

Mission

The james v. Brown library is a free public library located in williamsport, pennsylvania. The mission of the library is to maintain and improve the quality of life for all citizens of our community by providing resources that enhance and contribute to individual knowledge, enlightenment, and enjoyment. We especially recognize our responsibility to serve as a place for children to discover the joy of reading and the value of libraries.

Provide free public library services for the needs of lycoming county residents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,756,461$6,455,404▼ $301,057
Investments in Publicly Traded Securities$1,692,518$1,953,385▲ $260,867
Savings and Temporary Cash Investments$1,154,784$1,226,619▲ $71,835
Cash and Non-Interest-Bearing Accounts$188,579$297,170▲ $108,591
Accounts Receivable$45,387--
Prepaid Expenses and Deferred Charges$40,293$37,600▼ $2,693
Pledges and Grants Receivable$159,562$8,495▼ $151,067
Total Assets$10,995,497$10,950,282▼ $45,215
Other Assets Total$957,913$971,609▲ $13,696
Liabilities
Other Liabilities$195,531$280,417▲ $84,886
Deferred Revenue$191,133$205,203▲ $14,070
Accounts Payable and Accrued Expenses$89,438$47,571▼ $41,867
Total Liabilities$476,102$533,191▲ $57,089
Net Assets / Fund Balance
Unrestricted Net Assets$9,007,843$8,771,982▼ $235,861
Temporarily Rstr Net Assets$971,513$1,097,383▲ $125,870
Permanently Rstr Net Assets$540,039$547,726▲ $7,687
Total Net Assets Fund Balance$10,519,395$10,417,091▼ $102,304
Total Liabilities and Net Assets / Fund Balance$10,995,497$10,950,282▼ $45,215

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,773,075$2,675,104$8,448,179
Equipment$516,988$1,239,566$1,756,554
Land$140,327-$140,327
Other Land Buildings$25,014$11,926$36,940
Other Assets Org$970,369--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$1,692,518$180,663▲ $164,847$69,879$1,953,385
2013$1,562,255-▲ $213,668$69,879$1,692,518
2012$1,522,203-▲ $118,326$66,000$1,562,255
2011$1,316,605$131,148▲ $145,041$60,000$1,522,203
2010$1,242,157-▲ $140,390$54,572$1,316,605
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Barbara McgaryExecutive DirectorFT$93,474$13,744$107,218
Shirley AltersCFOFT$68,461$9,801$78,262

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,958,554
Program Service Revenue
$188,231
Investment Income
$64,086
Other Revenue
$-3,322
All Other Contributions
$308,627
Change in Net Assets
$-258,365

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,231,289
Revenue Not Reported on Financial Statements
$-23,740
Revenue Not Reported on Form 990
$157,858
Other Revenue Adjustments
$-23,740
Total Revenue per Audited Statements
$2,389,147
Total Revenue per Form 990
$2,207,549
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,456,287
Other Expenses$1,009,627
Total Fundraising Expense$156,227
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$552,691$445,528$67,813$1,066,032
Depreciation Depletion$276,007$82,453-$358,460
Current Officers, Directors, Trustees, and Key Employees$34,072$98,047$45,361$177,480
Other Employee Benefits$50,243$41,026$5,900$97,169
Payroll Taxes$41,590$40,918$8,357$90,865
Occupancy$62,793$24,111-$86,904
Office Expenses$28,626$22,626$22,812$74,064
Fees for Services Other-$29,692-$29,692
Other Expenses$29,482$38,970-$29,482
Pension Plan Contributions$12,467$10,013$2,261$24,741
Insurance$18,336$6,112-$24,448
All Other Expenses$5,509$17,801-$23,310
Fees for Services Accounting-$15,100-$15,100
Fees for Service Investment Mgmnt Fees-$14,062-$14,062
Conferences and Meetings$10,477--$10,477
Advertising$3,000-$3,723$6,723
Travel$5,422--$5,422
Information Technology$4,228--$4,228
Total Functional Expenses$1,423,228$886,459$156,227$2,465,914

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,491,451
Expenses per Audited Statements$2,465,914
Total Expenses per Form 990$2,465,914
Expenses Not Reported on Form 990$25,537
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$23,740
Fundraising Gross Income$19,803
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Author Gala$43,835$19,803$2,178$17,625
Total Events$43,835$19,803$23,740$-3,937
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Agency Payable$266,448
Gift Annuity Payable$13,969
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 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 11

Form 990 was reviewed in detail by the cfo and then provided to all trustees for their review and approval prior to filing.

Form 990, Part VI, Section B, Line 12C

All board members and the executive director are required to complete and sign a conflict of interest form annually. The forms are reviewed by the executive director and secretary. There were no conflicts noted in the current year that would require any action.

Form 990, Part VI, Section B, Line 15

Executive director and other salaries are part of a salary administration plan conducted by an outside consultant who compares comparable position salaries locally and statewide. The state library provides salary figures for ceo's across the state. The salary adminstration plan was updated in 2009. The board reviews and approves annual salary raises as part of the budget process each year to ensure compensation does not exceed fair market value. Review and approval process is documented via board minutes.

Form 990, Part VI, Section C, Line 19

Financial statements and most recent form 990 are posted on our website. Governing documents and the conflict of interest policy are available for public review upon request.

Filing and Contact Details

Filer

Filer Name
James V Brown Library
EIN
24-0799180
Phone
5703260536
Address
19 EAST FOURTH STREET, WILLIAMSPORT, PA 17701

Signing Officer

Name
Barbara Mcgary
Title
Executive Director
Phone
5703266689
Signed
2015-06-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Barbara Mcgary
Formed
1907
Legal Domicile
Pa
Voting Board Members
8
Independent Board Members
8
Employees
112
Volunteers
105

Preparer

Firm
Baker Tilly Virchow Krause Llp
Address
1000 COMMERCE PARK DRIVE SUITE 430, WILLIAMSPORT, PA 17701
Preparer
Jaime Kuntz
Phone
5703236023
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in value of beneficial interest in trusts 50,578. Change in value of split interest agreements -1,797.

Financial Statement Notes

PART III, LINE 1A:

The library has acquired through donations, various pieces of artwork including paintings and sculptures. This artwork was collectively appraised at $262,750 on august 5, 2005. The library policy is to maintain and publicly display this artwork; however, collection items are not capitalized. During 2014, there were no items of artwork given away, damaged, destroyed, lost or otherwise devalued.

PART III, LINE 4:

The library has acquired through gifts and donation various paintings and sculptures. These are displayed for the educational and cultural enrichment of the public.

PART V, LINE 4:

Endowment funds are to be perpetually invested, and the income is to be used for the maintenance of the library.

PART X, LINE 2:

The library is a tax-exempt organization under section 501(c)(3) of the internal revenue code and is not subject to federal or state income taxes. The library accounts for uncertainty in income taxes using a recognition threshold of more-likely-than-not to be sustained upon examination by the appropriate taxing authority. Measurement of the tax uncertainty occurs if the recognition threshold is met. Management determined that there were no tax uncertainties that met the recognition threshold in 2014 and 2013. The library's federal tax returns for the years subsequent to december 31, 2010 remain subject to examination by the internal revenue service.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Change in value of beneficial interest in trusts 50,578.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Fundraising expense -23,740.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Change in value of split interest agreement 1,797. Fundrasing expense 23,740.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0THE LIBRARY WAS OPEN TO THE PUBLIC 65 HOURS EACH WEEK AND PROVIDED ACCESS TO 244,246 ITEMS IN ITS COLLECTION, INCLUDING IN-HOUSE AND OUTREACH COLLECTIONS, FOR USE BY THE PUBLIC AT NO CHARGE. THESE ITEMS WERE BORROWED 501,142 TIMES. TRAVELING BOOKMOBILES SERVED RESIDENTS IN RURAL AREAS, SENIOR CITIZENS & PRESCHOOL CHILDREN IN GROUP CARE SETTINGS. THE LIBRARY'S PUBLIC INTERNET ACCESS COMPUTERS WERE USED 85,346 TIMES; THE ONLINE DATABASE WAS ACCESSED 54,212 TIMES; AND 13,157 REFERENCE & INFORMATIONAL QUESTIONS WERE ANSWERED. THE LIBRARY OFFERED 1,278 ADULT AND CHILDREN'S PROGRAMS AS WELL AS 7 CONTINUING ED WORKSHOPS FOR LIBRARIANS/TRUSTEES IN ITS 11-COUNTY DISTRICT AND PROVIDED DELIVERY SERVICES TO 40 MEMBER LIBRARIES. THE LIBRARY MET & EXCEEDED ALL STANDARDS REQUIRED TO RECEIVE STATE FUNDS IN 2014.
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IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0THE JAMES V. BROWN LIBRARY IS A FREE PUBLIC LIBRARY LOCATED IN WILLIAMSPORT, PENNSYLVANIA. THE MISSION OF THE LIBRARY IS TO MAINTAIN AND IMPROVE THE QUALITY OF LIFE FOR ALL CITIZENS OF OUR COMMUNITY BY PROVIDING RESOURCES THAT ENHANCE AND CONTRIBUTE TO INDIVIDUAL KNOWLEDGE, ENLIGHTENMENT, AND ENJOYMENT. WE ESPECIALLY RECOGNIZE OUR RESPONSIBILITY TO SERVE AS A PLACE FOR CHILDREN TO DISCOVER THE JOY OF READING AND THE VALUE OF LIBRARIES.
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