Civic Intelligence

Scranton Public Library Albright Memorial Building

990 • Fiscal year 2015 • EIN 24-6000426

Jan 01, 2015 to Dec 31, 2015 • Filed on Jun 16, 2016

500 Vine StreetScranton, PA 18509

(570) 348-3000

Siviq Scores

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

Liabilities / Assets

56th percentile

0.15x

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

58th percentile

0.16x

Higher debt load relative to revenue than 58% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

33rd percentile

-2.1%

Higher net margin than 33% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

68th percentile

$96,693

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

28th percentile

-3.6%

Faster asset growth than 28% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

17th percentile

-17%

Faster revenue growth than 17% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$3,504,298

Down $131,634 (-3.6%) from 2014

Net Assets

Down

$2,978,332

Down $101,838 (-3.3%) from 2014

Liabilities

Down

$525,966

Down $29,796 (-5.4%) from 2014

Revenue

Down

$3,189,423

Down $650,801 (-17%) from 2014

Expenses

Up

$3,255,550

Up $2,564 (+0.1%) from 2014

Net Income

Down

-$66,127

Down $653,365 (-111%) from 2014

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2013: $3,022,436Liabilities 2013: $535,037Net Assets 2013: $2,487,3992013Assets 2014: $3,635,932Liabilities 2014: $555,762Net Assets 2014: $3,080,1702014Assets 2015: $3,504,298Liabilities 2015: $525,966Net Assets 2015: $2,978,3322015Assets 2016: $3,733,047Liabilities 2016: $573,784Net Assets 2016: $3,159,2632016Assets 2017: $3,999,863Liabilities 2017: $784,499Net Assets 2017: $3,215,3642017Assets 2018: $4,173,623Liabilities 2018: $1,094,947Net Assets 2018: $3,078,6762018Assets 2019: $4,249,336Liabilities 2019: $1,104,338Net Assets 2019: $3,144,9982019Assets 2020: $4,459,048Liabilities 2020: $908,037Net Assets 2020: $3,551,0112020Assets 2021: $4,462,863Liabilities 2021: $909,305Net Assets 2021: $3,553,5582021Assets 2022: $4,428,949Liabilities 2022: $1,012,177Net Assets 2022: $3,416,7722022Assets 2023: $4,659,006Liabilities 2023: $1,042,688Net Assets 2023: $3,616,3182023Assets 2024: $4,863,735Liabilities 2024: $1,102,390Net Assets 2024: $3,761,3452024

Highlighted filing

2015

Assets$3,504,298
Liabilities$525,966
Net Assets$2,978,332

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2013: $3,275,459Expenses 2013: $3,185,300Net Income 2013: $90,1592013Revenue 2014: $3,840,224Expenses 2014: $3,252,986Net Income 2014: $587,2382014Revenue 2015: $3,189,423Expenses 2015: $3,255,550Net Income 2015: -$66,1272015Revenue 2016: $3,499,063Expenses 2016: $3,330,723Net Income 2016: $168,3402016Revenue 2017: $3,418,748Expenses 2017: $3,430,640Net Income 2017: -$11,8922017Revenue 2018: $3,331,787Expenses 2018: $3,386,046Net Income 2018: -$54,2592018Revenue 2019: $3,441,157Expenses 2019: $3,500,472Net Income 2019: -$59,3152019Revenue 2020: $3,552,958Expenses 2020: $3,220,024Net Income 2020: $332,9342020Revenue 2021: $3,414,786Expenses 2021: $3,422,804Net Income 2021: -$8,0182021Revenue 2022: $3,506,855Expenses 2022: $3,433,841Net Income 2022: $73,0142022Revenue 2023: $3,656,245Expenses 2023: $3,558,459Net Income 2023: $97,7862023Revenue 2024: $3,724,750Expenses 2024: $3,613,719Net Income 2024: $111,0312024

Highlighted filing

2015

Revenue$3,189,423
Expenses$3,255,550
Net Income-$66,127
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jun 16, 2016
Return Version
2015v2.0
Gross Receipts
$3,189,423
Mission and Program Overview

Mission

PUBLIC LENDING LIBRARY

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,293,190$2,248,647▼ $44,543
Investments in Publicly Traded Securities$635,681$621,688▼ $13,993
Savings and Temporary Cash Investments$569,941$477,726▼ $92,215
Prepaid Expenses and Deferred Charges$47,097$70,302▲ $23,205
Investments Other Securities$4,914$1,301▼ $3,613
Cash and Non-Interest-Bearing Accounts-$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 Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$3,635,932$3,504,298▼ $131,634
Other Assets Total$85,109$84,634▼ $475
Liabilities
Deferred Revenue$444,580$307,170▼ $137,410
Other Liabilities$111,182$218,796▲ $107,614
Total Liabilities$555,762$525,966▼ $29,796
Net Assets / Fund Balance
Unrestricted Net Assets$2,354,966$2,271,209▼ $83,757
Permanently Rstr Net Assets$725,204$707,123▼ $18,081
Total Net Assets Fund Balance$3,080,170$2,978,332▼ $101,838
Total Liabilities and Net Assets / Fund Balance$3,635,932$3,504,298▼ $131,634

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,703,000$723,696$2,426,696
Other Land Buildings$511,178$1,164,453$1,675,631
Equipment$34,469$261,082$295,551
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John FinnertyExecutive DirectorFT$87,125$9,568$96,693

Board Members and Trustees

NameTitle
Karen PalumboPresident
Ann WalshVice President
Anne SalernoDirector
Brian LenahanDirector
Daniel GinsbergDirector
Dovid RosenbergDirector
Emily PerryDirector
Jacob NogiDirector
Jamie HailstoneDirector
John CowderDirector
Joseph PalumboDirector
Joseph X GarveyDirector
Karen BazzarriDirector
Kenneth MayersDirector
Linda KoonsDirector
Mary Elizabeth MoylanDirector
Phyllis BaraxDirector
James HenklemanSec'y / Treas.
Revenue and Support

Revenue Composition

Contributions and Grants
$2,991,393
Program Service Revenue
$101,261
Investment Income
$24,424
Other Revenue
$72,345
All Other Contributions
$54,340
Change in Net Assets
$-66,127
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,185,227
Other Expenses$1,070,323
Total Fundraising Expense$47,797
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,508,590$149,943-$1,658,533
All Other Expenses$103,779$170,264$47,797$321,840
Depreciation Depletion$313,408$3,965-$317,373
Other Employee Benefits$201,645$25,417-$227,062
Payroll Taxes$127,901$19,010-$146,911
Current Officers, Directors, Trustees, and Key Employees-$87,125-$87,125
Pension Plan Contributions$48,088$17,508-$65,596
Other Expenses$109,557$52,093-$52,093
Insurance-$37,522-$37,522
Conferences and Meetings$13,573--$13,573
Interest-$412-$412
Total Functional Expenses$2,426,541$781,212$47,797$3,255,550
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$72,345
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraising$72,345$72,345-$72,345
Total Events$72,345$72,345-$72,345
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
Line of Credit$100,000
Payroll Allocation Payable$80,930
Payroll Withholdings Payable$13,784
Health Insurance Allocation Payable$10,516
Current Portion of Long Term Debt$6,636
Long Term Debt$3,623
Material Allocation Payable$1,701
Sales Tax Payalbe$1,606
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
Backup withholding compliance
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
No
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

No review was or will be conducted.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The library follows the pennsylvania department of education's guidelines on record retention and destruction and conflict of interest. A copy of the department of education master agreement is kept on file in the administrative office. There is no whistle blower policy in this document; however, the library complies with all federal employment laws.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The library's board of trustees annually reviews and determines the compensation of the library director, based upon cost of living adjustments, merit pay, and other factors. This is reflected in the minutes of the meetings.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The library director determines the salaries of other key employees. Members and officers of the board are unpaid.

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

A copy of the form 990 is kept in the administrative office of the library where it can be viewed by the public. Minutes of the monthly and annual board meetings of the library are also available in the administrative office for public viewing. The pennsylvania department of education master agreement is also kept in the administrative office and is available for public viewing.

Filing and Contact Details

Filer

Filer Name
Scranton Public Library
EIN
24-6000426
Phone
5703483000
Address
500 VINE STREET, SCRANTON, PA 18509

Signing Officer

Name
Karen Palumbo
Title
President
Signed
2016-06-16
Discuss with paid preparer
Yes

Organization Details

Formed
1893
Legal Domicile
Pa
Voting Board Members
18
Independent Board Members
18
Employees
83

Preparer

Firm
Michael a Barbetti CPA LLC
Address
1421 East Drinker Street, Dunmore, PA 18512
Preparer
Michael a Barbetti CPA
Phone
5703462057
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IRS990/Form990PartVIISectionAGrp/TitleTxt2Sec'y / Treas.
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IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Vice President
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IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
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