Civic Intelligence

Scranton Public Library Albright Memorial Building

990 • Fiscal year 2023 • EIN 24-6000426

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 14, 2024

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

69th percentile

0.22x

Higher debt load relative to assets than 69% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

71st percentile

0.29x

Higher debt load relative to revenue than 71% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

47th percentile

2.7%

Higher net margin than 47% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

67th percentile

$99,721

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 2.7% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

52nd percentile

5.2%

Faster asset growth than 52% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

46th percentile

4.3%

Faster revenue growth than 46% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$4,659,006

Up $230,057 (+5.2%) from 2022

Net Assets

Up

$3,616,318

Up $199,546 (+5.8%) from 2022

Liabilities

Up

$1,042,688

Up $30,511 (+3.0%) from 2022

Revenue

Up

$3,656,245

Up $149,390 (+4.3%) from 2022

Expenses

Up

$3,558,459

Up $124,618 (+3.6%) from 2022

Net Income

Up

$97,786

Up $24,772 (+34%) from 2022

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

2023

Assets$4,659,006
Liabilities$1,042,688
Net Assets$3,616,318

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

2023

Revenue$3,656,245
Expenses$3,558,459
Net Income$97,786
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 14, 2024
Return Version
2023v5.1
Gross Receipts
$3,656,245
Mission and Program Overview

Mission

PUBLIC LENDING LIBRARY

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,381,950$2,514,104▲ $132,154
Savings and Temporary Cash Investments$1,033,357$1,089,312▲ $55,955
Investments in Publicly Traded Securities$818,049$822,685▲ $4,636
Prepaid Expenses and Deferred Charges$79,540$99,053▲ $19,513
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 Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$4,428,949$4,659,006▲ $230,057
Other Assets Total$116,053$133,852▲ $17,799
Liabilities
Deferred Revenue$582,219$624,801▲ $42,582
Other Liabilities$429,958$417,887▼ $12,071
Total Liabilities$1,012,177$1,042,688▲ $30,511
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,301,219$3,482,966▲ $181,747
Net Assets With Donor Restrictions$115,553$133,352▲ $17,799
Total Net Assets Fund Balance$3,416,772$3,616,318▲ $199,546
Total Liabilities and Net Assets / Fund Balance$4,428,949$4,659,006▲ $230,057

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$2,045,520$1,189,675$3,235,195
Other Land Buildings$450,273$1,148,299$1,598,572
Equipment$18,311$47,481$65,792

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$116,691$3,767▲ $19,670$5,620$133,352
2022$141,981$2,946▼ $20,266$6,550$116,691
2021$125,362$3,526▲ $20,266$5,920$141,981
2020$113,493$1,454▲ $17,546$5,660$125,362
2019$96,407$1,442▲ $21,314$4,723$113,493
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Scott ThomasChief Executive OfficerFT$99,721$99,721

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,947,360
Program Service Revenue
$535,580
Investment Income
$43,360
Other Revenue
$129,945
All Other Contributions
$340,446
Change in Net Assets
$97,786
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,349,004
Other Expenses$1,209,455
Total Fundraising Expense$162,087
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,580,036$161,727-$1,741,763
All Other Expenses$98,430$241,752-$340,182
Depreciation Depletion$294,445$6,096-$300,541
Other Employee Benefits$248,981$39,374-$288,355
Payroll Taxes$129,315$20,945-$150,260
Current Officers, Directors, Trustees, and Key Employees-$99,721-$99,721
Pension Plan Contributions$54,920$13,985-$68,905
Other Expenses$124,181$63,943$162,087$63,943
Insurance-$47,897-$47,897
Interest-$13,631-$13,631
Conferences and Meetings$4,173--$4,173
Total Functional Expenses$2,687,301$709,071$162,087$3,558,459
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$129,945
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraising$129,945$129,945-$129,945
Total Events$129,945$129,945-$129,945
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
Long Term Debt$362,662
Payroll Withholdings Payable$29,192
Current Portion of Long Term Debt$26,033
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
No
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
No
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

No review was or will be conducted.

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

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, Section B, Line 15A

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

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

The library's chief executive officer determines the salaries of other key employees. Members and officers of the board are unpaid.

Form 990, Part VI, Section C, Line 19

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
Sharon Quinn
Title
President
Signed
2024-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sharon Quinn
Formed
1893
Legal Domicile
Pa
Voting Board Members
18
Independent Board Members
18
Employees
71

Preparer

Firm
Barbetti McHale LLC
Address
1421 East Drinker Street, Dunmore, PA 18512
Preparer
MICHAEL F McHALE CPA
Phone
5703462057
Supplemental Narrative

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

Two endowment funds:1. The Scranton Public Library Memorial Fund - The income from this fund can be used for the general purposes of the Library.2. The Marion Issacs Fund - The income derived from this fund can be used for purchasing children's books for the Library.

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