Civic Intelligence

Elyria Public Library

990 • Fiscal year 2023 • EIN 34-6000941

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 29, 2024

211 2nd StreetElyria, OH 44035

(440) 322-0320

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.98x

Higher debt load relative to assets than 93% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

89th percentile

2.11x

Higher debt load relative to revenue than 89% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

78th percentile

23%

Higher net margin than 78% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

34th percentile

$138,818

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

58th percentile

8.7%

Faster asset growth than 58% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

53rd percentile

6.9%

Faster revenue growth than 53% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Up

$14,576,147

Up $1,170,625 (+8.7%) from 2022

Net Assets

Up

$316,147

Up $1,525,625 (+126%) from 2022

Liabilities

Down

$14,260,000

Down $355,000 (-2.4%) from 2022

Revenue

Up

$6,758,867

Up $433,594 (+6.9%) from 2022

Expenses

Up

$5,233,242

Up $260,824 (+5.2%) from 2022

Net Income

Up

$1,525,625

Up $172,770 (+13%) from 2022

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0-$10MAssets 2015: $4,679,482Liabilities 2015: $0Net Assets 2015: $4,679,4822015Assets 2016: $5,168,976Liabilities 2016: $0Net Assets 2016: $5,168,9762016Assets 2017: $7,691,829Liabilities 2017: $0Net Assets 2017: $7,691,8292017Assets 2018: $23,718,548Liabilities 2018: $15,920,000Net Assets 2018: $7,798,5482018Assets 2019: $22,122,440Liabilities 2019: $15,610,000Net Assets 2019: $6,512,4402019Assets 2020: $17,196,189Liabilities 2020: $15,290,000Net Assets 2020: $1,906,1892020Assets 2021: $12,392,667Liabilities 2021: $14,955,000Net Assets 2021: -$2,562,3332021Assets 2022: $13,405,522Liabilities 2022: $14,615,000Net Assets 2022: -$1,209,4782022Assets 2023: $14,576,147Liabilities 2023: $14,260,000Net Assets 2023: $316,1472023Assets 2024: $15,948,223Liabilities 2024: $13,895,000Net Assets 2024: $2,053,2232024

Highlighted filing

2023

Assets$14,576,147
Liabilities$14,260,000
Net Assets$316,147

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2015: $4,119,829Expenses 2015: $3,668,585Net Income 2015: $451,2442015Revenue 2016: $4,411,902Expenses 2016: $3,922,408Net Income 2016: $489,4942016Revenue 2017: $6,307,622Expenses 2017: $3,784,769Net Income 2017: $2,522,8532017Revenue 2018: $5,461,381Expenses 2018: $5,354,662Net Income 2018: $106,7192018Revenue 2019: $6,054,426Expenses 2019: $7,364,046Net Income 2019: -$1,309,6202019Revenue 2020: $5,690,503Expenses 2020: $10,302,067Net Income 2020: -$4,611,5642020Revenue 2021: $6,063,469Expenses 2021: $10,530,365Net Income 2021: -$4,466,8962021Revenue 2022: $6,325,273Expenses 2022: $4,972,418Net Income 2022: $1,352,8552022Revenue 2023: $6,758,867Expenses 2023: $5,233,242Net Income 2023: $1,525,6252023Revenue 2024: $7,004,589Expenses 2024: $5,267,513Net Income 2024: $1,737,0762024

Highlighted filing

2023

Revenue$6,758,867
Expenses$5,233,242
Net Income$1,525,625
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 29, 2024
Return Version
2023v5.0
Gross Receipts
$6,758,867
Mission and Program Overview

Mission

The elyria public library system will always offer free resources with unlimited possibilities for every person in the community it serves. Library resources in all formats will be readily and equitably accessible to all library users. The library provides free access to all library materials, services, and programs. The library provides lifelong learning services to all. The library upholds the principles of intellectual freedom and resists all efforts to censor resources. The library's employees are professional, friendly, efficient, and qualified personnel. The library provides the highest level of service to all library users. The library will monitor library services to ensure that they respond in a relevant way to changing needs and demands, and that their quality is as high as resources allow. The library is committed to patron confidentiality. The library practices fiscally responsible management of public resources with full accountability.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$12,023,534$13,967,404▲ $1,943,870
Investments in Publicly Traded Securities$1,308,206$438,821▼ $869,385
Cash and Non-Interest-Bearing Accounts$73,782$169,922▲ $96,140
Total Assets$13,405,522$14,576,147▲ $1,170,625
Liabilities
Tax Exempt Bond Liabilities$14,615,000$14,260,000▼ $355,000
Total Liabilities$14,615,000$14,260,000▼ $355,000
Net Assets / Fund Balance
Net Assets With Donor Restrictions$5,204,989$4,393,907▼ $811,082
Net Assets Without Donor Restrictions$-6,414,467$-4,077,760▲ $2,336,707
Total Net Assets Fund Balance$-1,209,478$316,147▲ $1,525,625
Total Liabilities and Net Assets / Fund Balance$13,405,522$14,576,147▲ $1,170,625

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$2,693,133$43,098▲ $141,077$80,589$2,796,719
2022$2,562,051$81,272▲ $54,596$4,786$2,693,133
2021$2,542,298$6,935▲ $12,818-$2,562,051
2020$2,475,407$39,912▲ $26,979-$2,542,298
2019$2,265,647$174,319▲ $40,164$4,723$2,475,407
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jennifer StarkeyExecutive DiFT$95,481$43,337$138,818
Robert SchirhartPrior FiscalFT$65,714$20,628$86,342
Debby PerkinsFiscal OfficFT$13,177$1,845$15,022

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$5,963,353
Program Service Revenue
$45,594
Investment Income
$743,113
Other Revenue
$6,807
All Other Contributions
$101,408
Change in Net Assets
$1,525,625

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,758,867
Total Revenue per Audited Statements
$6,758,867
Total Revenue per Form 990
$6,758,867
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,065,861
Other Expenses$2,167,381
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,276,148--$2,276,148
Interest$564,638--$564,638
Other Employee Benefits$549,531--$549,531
Current Officers, Directors, Trustees, and Key Employees$240,182--$240,182
Other Expenses$81,248--$81,248
Information Technology$47,886--$47,886
Office Expenses$40,832--$40,832
All Other Expenses$29,457--$29,457
Occupancy$7,230--$7,230
Total Functional Expenses$5,233,242$0$0$5,233,242

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,233,242
Total Expenses per Audited Statements$5,233,242
Total Expenses per Form 990$5,233,242
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
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACity of Elyria Ohio2018-06-14$16,860,475FACILITY IMPROVEMENT

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$16,860,475$22,438$2,285,000$293,037

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
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
Yes
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, Page 6, Part VI, Line 11B

The preparer presents form 990 to the fiscal officer of the organization. The fiscal officer will then review the prepared tax return and respond back to the preparer with any points of discussion. Once addressed, the completed tax return is presented to the full board and is reviewed prior to submission to the internal revenue service.

Form 990, Page 6, Part VI, Line 12C

Each board member is required to disclose on an annual certification statement that they are independent of the operations of the organization. If they are not independent they must disclose in writing to the board the nature of any existing conflict. A list of all active vendors is utilized to assist with any perceived conflicts.

Form 990, Page 6, Part VI, Line 15A

Each compensated top official of the board of trustees is hired for a three year term and receives a set amount of compensation as approved by the board. The top official does not have authority to vote on such matters. Executives and top officials can serve multiple terms but are subject to the voting process above each time their contract is renewed.

Form 990, Page 6, Part VI, Line 19

Documents are available upon written request to the organization's treasurer located at 211 2nd street, elyria, ohio 44035, the organization's administrative office. Additionally income tax filings are available on various not-for-profit organizations public internet websites.

Filing and Contact Details

Filer

Filer Name
Elyria Public Library
EIN
34-6000941
Phone
4403220320
Address
211 2ND STREET, ELYRIA, OH 44035

Signing Officer

Name
Debby Perkins
Title
Fiscal Officer
Phone
4403220839
Signed
2024-10-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Debby Perkins
Formed
1965
Legal Domicile
Oh
Voting Board Members
10
Independent Board Members
10
Employees
78

Preparer

Firm
Lpfg LLC
Address
503 S ABBE RD, ELYRIA, OH 44035
Preparer
Frank P Krempasky CPA
Phone
4403659100
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The elyria public library system will always offer free resources with unlimited possibilities for every person in the community it serves. Library resources in all formats will be readily and equitably accessible to all library users. The library provides free access to all library materials, services, and programs. The library provides lifelong learning services to all. The library upholds the principles of intellectual freedom and resists all efforts to censor resources. The library's employees are professional, friendly, efficient, and qualified personnel. The library provides the highest level of service to all library users. The library will monitor library services to ensure that they respond in a relevant way to changing needs and demands, and that their quality is as high as resources allow. The library is committed to patron confidentiality. The library practices fiscally responsible management of public resources with full accountability.

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The library endowment is a way for members of the community and community leaders to set aside funds for the ongoing support of the public library system for the citizens of elyria, ohio and surrounding communities. The endowment is a way to generate income to be used to maintain facilities and to continue to provide library content for the general public.

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IRS990/ActivityOrMissionDesc0THE ELYRIA PUBLIC LIBRARY SYSTEM WILL ALWAYS OFFER FREE RESOURCES WITH UNLIMITED POSSIBILITIES FOR EVERY PERSON IN THE COMMUNITY IT SERVES. LIBRARY RESOURCES IN ALL FORMATS WILL BE READILY AND EQUITABLY ACCESSIBLE TO ALL LIBRARY USERS. THE LIBRARY PROVIDES FREE ACCESS TO ALL LIBRARY MATERIALS, SERVICES, AND PROGRAMS. THE LIBRARY PROVIDES LIFELONG LEARNING SERVICES TO ALL. THE LIBRARY UPHOLDS THE PRINCIPLES OF INTELLECTUAL FREEDOM AND RESISTS ALL EFFORTS TO CENSOR RESOURCES. THE LIBRARY'S EMPLOYEES ARE PROFESSIONAL, FRIENDLY, EFFICIENT, AND QUALIFIED PERSONNEL. THE LIBRARY PROVIDES THE HIGHEST LEVEL OF SERVICE TO ALL LIBRARY USERS. THE LIBRARY WILL MONITOR LIBRARY SERVICES TO ENSURE THAT THEY RESPOND IN A RELEVANT WAY TO CHANGING NEEDS AND DEMANDS, AND THAT THEIR QUALITY IS AS HIGH AS RESOURCES ALLOW. THE LIBRARY IS COMMITTED TO PATRON CONFIDENTIALITY. THE LIBRARY PRACTICES FISCALLY RESPONSIBLE MANAGEMENT OF PUBLIC RESOURCES WITH FULL ACCOUNTABILITY.
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IRS990/MissionDesc0THE ELYRIA PUBLIC LIBRARY SYSTEM WILL ALWAYS OFFER FREE RESOURCES WITH UNLIMITED POSSIBILITIES FOR EVERY PERSON IN THE COMMUNITY IT SERVES. LIBRARY RESOURCES IN ALL FORMATS WILL BE READILY AND EQUITABLY ACCESSIBLE TO ALL LIBRARY USERS. THE LIBRARY PROVIDES FREE ACCESS TO ALL LIBRARY MATERIALS, SERVICES, AND PROGRAMS. THE LIBRARY PROVIDES LIFELONG LEARNING SERVICES TO ALL. THE LIBRARY UPHOLDS THE PRINCIPLES OF INTELLECTUAL FREEDOM AND RESISTS ALL EFFORTS TO CENSOR RESOURCES. THE LIBRARY'S EMPLOYEES ARE PROFESSIONAL, FRIENDLY, EFFICIENT, AND QUALIFIED PERSONNEL. THE LIBRARY PROVIDES THE HIGHEST LEVEL OF SERVICE TO ALL LIBRARY USERS. THE LIBRARY WILL MONITOR LIBRARY SERVICES TO ENSURE THAT THEY RESPOND IN A RELEVANT WAY TO CHANGING NEEDS AND DEMANDS, AND THAT THEIR QUALITY IS AS HIGH AS RESOURCES ALLOW. THE LIBRARY IS COMMITTED TO PATRON CONFIDENTIALITY. THE LIBRARY PRACTICES FISCALLY RESPONSIBLE MANAGEMENT OF PUBLIC RESOURCES WITH FULL ACCOUNTABILITY.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0FINES AND FEES 167,342 COMMUNITY PROGRAMS 6,190 REFUNDS AND REIMBURSEMENTS 351,362
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE LIBRARY ENDOWMENT IS A WAY FOR MEMBERS OF THE COMMUNITY AND COMMUNITY LEADERS TO SET ASIDE FUNDS FOR THE ONGOING SUPPORT OF THE PUBLIC LIBRARY SYSTEM FOR THE CITIZENS OF ELYRIA, OHIO AND SURROUNDING COMMUNITIES. THE ENDOWMENT IS A WAY TO GENERATE INCOME TO BE USED TO MAINTAIN FACILITIES AND TO CONTINUE TO PROVIDE LIBRARY CONTENT FOR THE GENERAL PUBLIC.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
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IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0CITY OF ELYRIA, OHIO FACILITY IMPROVEMENT
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0PURPOSE OF ISSUE DESCRIPTION
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