Civic Intelligence

Palmer Public Library Association

EIN 27-1884169 • 501(c)3 • Palmer, MA

Pub. 78 Eligible

Profile

To be a significant resource center by providing a high quality collection of books, materials and internet access and an offering of useful and interesting programs and speakers to the residents of palmer and the surrounding communities.

1455 North Main StreetPalmer, MA 01069

www.palmer.lib.ma.us

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

34th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

42nd percentile

0.9%

Higher net margin than 42% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

33rd percentile

-2.5%

Faster asset growth than 33% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

48th percentile

5.7%

Faster revenue growth than 48% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Up

$952,886

Up $10,992 (+1.2%) from 2022

Liabilities

Flat

$0

Flat from 2022

Net Assets

Up

$952,886

Up $10,992 (+1.2%) from 2022

Revenue

Up

$965,830

Up $27,523 (+2.9%) from 2022

Expenses

Up

$986,841

Up $56,854 (+6.1%) from 2022

Net Income

Down

-$21,011

Down $29,331 (-353%) from 2022

Trend Graphs

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2019: $925,834Liabilities 2019: $0Net Assets 2019: $925,8342019Assets 2020: $952,152Liabilities 2020: $0Net Assets 2020: $952,1522020Assets 2021: $1,017,591Liabilities 2021: $0Net Assets 2021: $1,017,5912021Assets 2022: $941,894Liabilities 2022: $0Net Assets 2022: $941,8942022Assets 2023: $952,886Liabilities 2023: $0Net Assets 2023: $952,8862023

Highlighted filing

2023

Assets$952,886
Liabilities$0
Net Assets$952,886

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2019: $528,528Expenses 2019: $374,583Net Income 2019: $153,9452019Revenue 2020: $395,912Expenses 2020: $372,999Net Income 2020: $22,9132020Revenue 2021: $930,190Expenses 2021: $916,827Net Income 2021: $13,3632021Revenue 2022: $938,307Expenses 2022: $929,987Net Income 2022: $8,3202022Revenue 2023: $965,830Expenses 2023: $986,841Net Income 2023: -$21,0112023

Highlighted filing

2023

Revenue$965,830
Expenses$986,841
Net Income-$21,011

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Sep 26, 2024
Return Version
2022v5.0
Gross Receipts
$1,023,784
Mission and Program Overview

Mission

To be a significant resource center by providing a high quality collection of books, materials and internet access and an offering of useful and interesting programs and speakers to the residents of palmer and the surrounding communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$496,291$539,758▲ $43,467
Savings and Temporary Cash Investments$210,992$225,540▲ $14,548
Accounts Receivable$107,271$102,295▼ $4,976
Land, Buildings, and Equipment, Net$78,904$67,861▼ $11,043
Cash and Non-Interest-Bearing Accounts$48,436$17,432▼ $31,004
Total Assets$941,894$952,886▲ $10,992
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$920,330$929,376▲ $9,046
Net Assets With Donor Restrictions$21,564$23,510▲ $1,946
Total Net Assets Fund Balance$941,894$952,886▲ $10,992
Total Liabilities and Net Assets / Fund Balance$941,894$952,886▲ $10,992

Asset Categories

AssetBook ValueDepreciationBasis
Land$31,670--
Equipment$16,105$125,049-
Leasehold Improvements$20,086$10,889-
Other Securities$539,758--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$496,291-▲ $47,675-$539,758
2021$563,422-▼ $60,950-$496,291
2020$487,697-▲ $82,085-$563,422
2019$493,644-▲ $18,760$18,874$487,697
2018$468,869-▲ $30,377-$493,684
Compensation and Service Providers

Board Members and Trustees

NameTitle
Fay HalsallPresident
Janice MarciniecVice President
Sandy NoonanVice President
Cyd MelcherDirector
David NicholsDirector
Eileen SmithDirector
Gabriella PearDirector
Jenna GhrearDirector
John HouhgaardDirector
Michelle FontaineDirector
Pamela ParentDirector
Shannon KennedySecretary
Sara MenardTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$938,712
Program Service Revenue
$12,971
Investment Income
$14,147
Other Revenue
$0
All Other Contributions
$938,712
Change in Net Assets
$-21,011

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$881,604Cash Value
Total Noncash Contributions1$881,604-

Audited Revenue Reconciliation

Revenue per Audited Statements
$961,622
Revenue Not Reported on Financial Statements
$4,208
Revenue Not Reported on Form 990
$32,005
Total Revenue per Audited Statements
$993,627
Total Revenue per Form 990
$965,830
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$549,179
Other Expenses$437,662
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$421,409$127,770-$549,179
Other Expenses$43,636--$43,636
All Other Expenses$33,513$619-$34,132
Fees for Services Legal-$31,846-$31,846
Office Expenses$23,707--$23,707
Fees for Services Accounting-$12,040-$12,040
Depreciation Depletion$11,043--$11,043
Fees for Service Investment Mgmnt Fees-$4,208-$4,208
Insurance-$1,526-$1,526
Total Functional Expenses$808,832$178,009$0$986,841

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$986,841
Expenses per Audited Statements$982,633
Total Expenses per Audited Statements$982,633
Expenses Not Reported on Financial Statements$4,208
Expenses Not Reported on Form 990$0
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
No
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
No
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, Part VI, Section B, Line 11B

Form 990 is prepared by the independent accounting firm. The completed form is reviewed with the treasurer who presents it to the board.

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

Governing documents, conflict of interest policy and financial statements are available upon request. The board and key employees are asked, contracts for purchases and services are reviewed.

Form 990, Part VI, Section C, Line 19

The library makes its governing documents, conflict of interest policy and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
Palmer Public Library Association Inc
EIN
27-1884169
Phone
4132833330
Address
1455 NORTH MAIN STREET, PALMER, MA 01069

Signing Officer

Name
Sara Menard
Title
Treasurer
Phone
4132833330
Signed
2024-09-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sara Menard
Formed
1919
Legal Domicile
Ma
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
20

Preparer

Firm
Teixeira CPA Pc
Address
78 MAIN ST, NORTHAMPTON, MA 01060
Preparer
Fernando Teixeira
Phone
4135860990
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The palmer public library association , inc. Is a tax-exempt organization under internal revenue code section 501(c)(3). Therefore, there is no income tax provision in the financial statements. There is no material financial statement impact resulting from income tax return positions as defined is fasb asc topic 740-10-25-5.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Unrealized loss on investments

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IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0899506
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt025732
IRS990/PYOtherExpensesAmt0386925
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt013069
IRS990/PYRevenuesLessExpensesAmt08320
IRS990/PYSalariesCompEmpBnftPaidAmt0543062
IRS990/PYTotalExpensesAmt0929987
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0938307
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-21011
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0210992
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0225540
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0951683
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0912575
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0886816
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0358904
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0489656
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03599634
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt010598
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt012712
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt014218
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt020098
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt016301
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt073927
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.97990
IRS990ScheduleA/PublicSupportPY170Pct00.97510
IRS990ScheduleA/PublicSupportTotal170Amt03599634
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0951683
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0912575
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0886816
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0358904
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0489656
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03599634
IRS990ScheduleA/TotalSupportAmt03673561
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/BoardDesignatedBalanceEOYPct00.95644
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt04208
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0496291
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0539758
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt047675
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt06181
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0563422
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0496291
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-60950
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt06360
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0487697
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0563422
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt082085
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt05833
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0493644
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0487697
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt018760
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt018874
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt05562
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0468869
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0493684
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt030377
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt016105
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0125049
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0141154
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt04208
IRS990ScheduleD/ExpensesSubtotalAmt0982633
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt04208
IRS990ScheduleD/InvestmentExpensesNotIncldAmt04208
IRS990ScheduleD/LandGrp/BookValueAmt031670
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt031670
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt020086
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt010889
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt030975
IRS990ScheduleD/NetUnrealizedGainsInvstAmt032005
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0539758
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.03497
IRS990ScheduleD/RevenueNotReportedAmt032005
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt04208
IRS990ScheduleD/RevenueSubtotalAmt0961622
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE PALMER PUBLIC LIBRARY ASSOCIATION , INC. IS A TAX-EXEMPT ORGANIZATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). THEREFORE, THERE IS NO INCOME TAX PROVISION IN THE FINANCIAL STATEMENTS. THERE IS NO MATERIAL FINANCIAL STATEMENT IMPACT RESULTING FROM INCOME TAX RETURN POSITIONS AS DEFINED IS FASB ASC TOPIC 740-10-25-5.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1UNREALIZED LOSS ON INVESTMENTS
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.00859
IRS990ScheduleD/TotalBookValueLandBuildingsAmt067861
IRS990ScheduleD/TotalBookValueSecuritiesAmt0539758
IRS990ScheduleD/TotalExpensesPerForm990Amt0986841
IRS990ScheduleD/TotalRevenuePerForm990Amt0965830
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0993627
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0982633
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0SALARIES AND OPERATING EXPENSES
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0CASH VALUE
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt0881604
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS PREPARED BY THE INDEPENDENT ACCOUNTING FIRM. THE COMPLETED FORM IS REVIEWED WITH THE TREASURER WHO PRESENTS IT TO THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE BOARD AND KEY EMPLOYEES ARE ASKED, CONTRACTS FOR PURCHASES AND SERVICES ARE REVIEWED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE LIBRARY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd00

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