Civic Intelligence

Corry Public Library Inc

EIN 25-6051082 • 501(c)3 • Corry, PA

Profile

To provide library services free of charge to the residents of the City of Corry and surrounding communities

117 W Washington StreetCorry, PA 16407

www.corrylibrary.org

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.08x

Higher debt load relative to assets than 52% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

69th percentile

0.24x

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

66th percentile

14%

Higher net margin than 66% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

62nd percentile

8.8%

Faster asset growth than 62% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Revenue Growth

54th percentile

9.4%

Faster revenue growth than 54% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Assets

Up

$1,247,090

Up $161,211 (+15%) from 2023

Liabilities

Up

$94,119

Up $82,529 (+712%) from 2023

Net Assets

Up

$1,152,971

Up $78,682 (+7.3%) from 2023

Revenue

Up

$400,061

Up $55,758 (+16%) from 2023

Expenses

Up

$344,739

Up $21,662 (+6.7%) from 2023

Net Income

Up

$55,322

Up $34,096 (+161%) from 2023

Trend Graphs

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2021: $1,048,794Liabilities 2021: $11,197Net Assets 2021: $1,037,5972021Assets 2022: $1,054,258Liabilities 2022: $11,206Net Assets 2022: $1,043,0522022Assets 2023: $1,085,879Liabilities 2023: $11,590Net Assets 2023: $1,074,2892023Assets 2024: $1,247,090Liabilities 2024: $94,119Net Assets 2024: $1,152,9712024

Highlighted filing

2024

Assets$1,247,090
Liabilities$94,119
Net Assets$1,152,971

Operations Trend

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

$600K$400K$200K$0Revenue 2021: $354,761Expenses 2021: $312,365Net Income 2021: $42,3962021Revenue 2022: $334,495Expenses 2022: $329,192Net Income 2022: $5,3032022Revenue 2023: $344,303Expenses 2023: $323,077Net Income 2023: $21,2262023Revenue 2024: $400,061Expenses 2024: $344,739Net Income 2024: $55,3222024

Highlighted filing

2024

Revenue$400,061
Expenses$344,739
Net Income$55,322

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 8, 2025
Return Version
2023v6.0
Gross Receipts
$405,863
Mission and Program Overview

Mission

To provide library services free of charge to the residents of the City of Corry and surrounding communities

Operation of Public Library

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$289,253$343,245▲ $53,992
Cash and Non-Interest-Bearing Accounts$375,487$311,443▼ $64,044
Savings and Temporary Cash Investments-$160,651-
Inventories for Sale or Use$131,316$129,633▼ $1,683
Accounts Receivable$70,967$60,395▼ $10,572
Total Assets$1,085,879$1,247,090▲ $161,211
Other Assets Total$218,856$241,723▲ $22,867
Liabilities
Accounts Payable and Accrued Expenses$11,590$81,836▲ $70,246
Deferred Revenue-$12,283-
Total Liabilities$11,590$94,119▲ $82,529
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$967,685$1,046,317▲ $78,632
Net Assets With Donor Restrictions$106,604$106,654▲ $50
Total Net Assets Fund Balance$1,074,289$1,152,971▲ $78,682
Total Liabilities and Net Assets / Fund Balance$1,085,879$1,247,090▲ $161,211

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$280,886$551,940$832,826
Equipment$13,237$254,905$268,142
Land$49,122-$49,122
Other Assets Org$239,692--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$177,538$50▲ $21,210-$196,367
2022$167,440$2,016▲ $11,841-$177,538
2021$173,591$1,135▼ $4,744-$167,440
2020$132,063$3,987▲ $39,849-$173,591
2019$128,421$6,982▼ $1,904-$132,063
Compensation and Service Providers

Board Members and Trustees

NameTitle
Linda MessengerPresident
Tim VincaVice President
Lisa FosterBoard Member
Ruth Ann GriceBoard Member
Hiram DaleySecretary
Luann HallbergTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$318,165
Program Service Revenue
$6,636
Investment Income
$9,383
Other Revenue
$65,877
All Other Contributions
$217,407
Change in Net Assets
$55,322

Audited Revenue Reconciliation

Revenue per Audited Statements
$400,061
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$29,162
Total Revenue per Audited Statements
$429,223
Total Revenue per Form 990
$400,061
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$219,157
Other Expenses$125,582
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$152,916$49,300-$202,216
Depreciation Depletion$49,888$5,669-$55,557
Payroll Taxes$12,894$4,047-$16,941
Insurance$10,077$1,145-$11,222
Occupancy$8,530$969-$9,499
Fees for Services Other$5,610$623-$6,233
Office Expenses$4,637$527-$5,164
Other Expenses$2,586$294-$2,880
Conferences and Meetings$1,223--$1,223
Total Functional Expenses$279,635$65,104$0$344,739

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$350,541
Expenses per Audited Statements$344,739
Total Expenses per Form 990$344,739
Expenses Not Reported on Form 990$5,802
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$5,802
Fundraising Gross Income$2,192
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
No
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
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

A draft of the form 990 is prepared by the independent auditor. The draft is reviewed and approved by the library director before a final form is signed and submitted.

Form 990, Part VI, Section B, line 15

The Organization's Board of Directors determine the salaries for the director and other staff at the beginning of each fiscal year.

Form 990, Part VI, Section C, line 19

The library provides its governing documents and financial statements upon request

Filing and Contact Details

Filer

Filer Name
Corry Public Library Inc
EIN
25-6051082
Phone
8146647611
Address
117 W Washington Street, Corry, PA 16407

Signing Officer

Name
Melissa Froah
Title
Director
Phone
8146647611
Signed
2025-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Melissa Froah
Formed
1902
Legal Domicile
Pa
Voting Board Members
7
Independent Board Members
7
Employees
17
Volunteers
5

Preparer

Firm
Heberlein & Falk Pc
Address
2306 PENINSULA DRIVE, ERIE, PA 16506
Preparer
Natalie Heberlein CPA
Phone
8148386095
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The organization's audit committee assumes responsibility for oversight of the audit of its financial statements and selection of an independent auditor. This process has not changed from the prior year.

Financial Statement Notes

Part V, Line 4:

Endowment funds are to be used to fund operations of the library when deemed necessary

Part X, Line 2:

The organization qualifies as a tax-exempt organization under Section 501 (c) (3) of the internal revnenue code (the code). Accordingly, no provision for income taxes has been recorded in the accompanying financial statements. In addition, the Organization has been determined by the Internal Revenue Service not to be a private foundation within the meaning of Section 509 (a) of the Code. The organization 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 has been met. Management determined that there were no tax uncertainties that met the recognition threshold.

Part XI, Line 2D - Other Adjustments:

Fundraising expenses included on statement of revenue

Part XII, Line 2D - Other Adjustments:

Fundraising expenses included on statement of revenue

Part XI Line 2D and Part XII Line 2D

The amounts reflected above for fundraising expenses directly related to fundraising revenue is the reason for the difference between the revenues and expenses per the audited financial statements as noted above. On the financial statements, this figure is included in expenses and on the Form 990, this figure is taken out of expenses and netted against the applicable fundraising revenue.

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IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt0195116
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt0198685
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt0197704
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt0203707
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt0192459
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt0987671
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0318165
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0337776
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0328815
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0346945
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0313056
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01644757
IRS990ScheduleA/TotalSupportAmt01669510
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.20000
IRS990ScheduleD/BuildingsGrp/BookValueAmt0280886
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0551940
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0832826
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt02431
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0177538
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt050
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0196367
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt021210
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt01743
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0167440
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt02016
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0177538
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt011841
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt02542
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0173591
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt01135
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0167440
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-4744
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt02308
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0132063
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt03987
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0173591
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt039849
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt01436
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0128421
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt06982
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0132063
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-1904
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt013237
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0254905
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0268142
IRS990ScheduleD/ExpensesNotReportedAmt05802
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0344739
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt049122
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt049122
IRS990ScheduleD/NetUnrealizedGainsInvstAmt023360
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02031
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1239692
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Prepaid insurance
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Beneficial Interest - Community Foundation
IRS990ScheduleD/OtherExpensesIncludedAmt05802
IRS990ScheduleD/OtherRevenueAmt05802
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.80000
IRS990ScheduleD/RevenueNotReportedAmt029162
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0400061
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ENDOWMENT FUNDS ARE TO BE USED TO FUND OPERATIONS OF THE LIBRARY WHEN DEEMED NECESSARY
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The organization qualifies as a tax-exempt organization under Section 501 (c) (3) of the internal revnenue code (the code). Accordingly, no provision for income taxes has been recorded in the accompanying financial statements. In addition, the Organization has been determined by the Internal Revenue Service not to be a private foundation within the meaning of Section 509 (a) of the Code. The organization 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 has been met. Management determined that there were no tax uncertainties that met the recognition threshold.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Fundraising expenses included on statement of revenue
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3Fundraising expenses included on statement of revenue
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4The amounts reflected above for fundraising expenses directly related to fundraising revenue is the reason for the difference between the revenues and expenses per the audited financial statements as noted above. On the financial statements, this figure is included in expenses and on the Form 990, this figure is taken out of expenses and netted against the applicable fundraising revenue.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4Part XI Line 2d and Part XII Line 2d
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0343245
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0241723
IRS990ScheduleD/TotalExpensesPerForm990Amt0344739
IRS990ScheduleD/TotalRevenuePerForm990Amt0400061
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0429223
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0350541
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT OF THE FORM 990 IS PREPARED BY THE INDEPENDENT AUDITOR. THE DRAFT IS REVIEWED AND APPROVED BY THE LIBRARY DIRECTOR BEFORE A FINAL FORM IS SIGNED AND SUBMITTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Organization's Board of Directors determine the salaries for the director and other staff at the beginning of each fiscal year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE LIBRARY PROVIDES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization's audit committee assumes responsibility for oversight of the audit of its financial statements and selection of an independent auditor. This process has not changed from the prior year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part XII, Line 2c
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01085879
IRS990/TotalAssetsEOYAmt01247090
IRS990/TotalAssetsGrp/BOYAmt01085879
IRS990/TotalAssetsGrp/EOYAmt01247090
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0318165
IRS990/TotalEmployeeCnt017
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt065104
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0279635
IRS990/TotalFunctionalExpensesGrp/TotalAmt0344739
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt011590

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