Civic Intelligence

Webster Memorial Library

990 • Fiscal year 2019 • EIN 38-6052977

Jul 01, 2018 to Jun 30, 2019 • Filed on Dec 02, 2019

Organization ProfileN/A
124 Phelps StDecatur, MI 49045

(269) 423-7624

Siviq Scores

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

Liabilities / Assets

15th percentile

0.00x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

15th percentile

0.00x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

21st percentile

-9.5%

Higher net margin than 21% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2019

Asset Growth

38th percentile

-0.3%

Faster asset growth than 38% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

5th percentile

-46%

Faster revenue growth than 5% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets15th percentile

Assets

Down

$3,618,381

Down $11,772 (-0.3%) from 2018

Net Assets

Down

$3,618,381

Down $11,772 (-0.3%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin21st percentile

Revenue

Down

$132,821

Down $114,673 (-46%) from 2018

Expenses

Up

$145,427

Up $1,238 (+0.9%) from 2018

Net Income

Down

-$12,606

Down $115,911 (-112%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth38th percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $3,198,740Liabilities 2011: $0Net Assets 2011: $3,198,7402011Assets 2012: $3,105,316Liabilities 2012: $0Net Assets 2012: $3,105,3162012Assets 2013: $3,245,451Liabilities 2013: $0Net Assets 2013: $3,245,4512013Assets 2014: $3,543,498Liabilities 2014: $0Net Assets 2014: $3,543,4982014Assets 2015: $3,437,909Liabilities 2015: $0Net Assets 2015: $3,437,9092015Assets 2016: $3,333,800Liabilities 2016: $0Net Assets 2016: $3,333,8002016Assets 2017: $3,520,348Liabilities 2017: $0Net Assets 2017: $3,520,3482017Assets 2018: $3,630,153Liabilities 2018: $0Net Assets 2018: $3,630,1532018Assets 2019: $3,618,381Liabilities 2019: $0Net Assets 2019: $3,618,3812019Assets 2020: $3,552,550Liabilities 2020: $0Net Assets 2020: $3,552,5502020Assets 2021: $4,234,565Liabilities 2021: $0Net Assets 2021: $4,234,5652021Assets 2022: $3,453,245Liabilities 2022: $0Net Assets 2022: $3,453,2452022Assets 2023: $3,598,406Liabilities 2023: $0Net Assets 2023: $3,598,4062023Assets 2024: $3,846,509Liabilities 2024: $0Net Assets 2024: $3,846,5092024Assets 2025: $4,083,764Liabilities 2025: $0Net Assets 2025: $4,083,7642025

Highlighted filing

2019

Assets$3,618,381
Liabilities$0
Net Assets$3,618,381
Open 2019 Filing

Operations Trend

Revenue Growth5th percentile

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

$600K$400K$200K$0-$200KExpenses 2011: $162,0122011Expenses 2012: $126,4562012Revenue 2013: $266,889Expenses 2013: $126,754Net Income 2013: $140,1352013Revenue 2014: $434,042Expenses 2014: $135,995Net Income 2014: $298,0472014Revenue 2015: $32,441Expenses 2015: $138,030Net Income 2015: -$105,5892015Revenue 2016: $94,475Expenses 2016: $127,671Net Income 2016: -$33,1962016Revenue 2017: $73,749Expenses 2017: $136,729Net Income 2017: -$62,9802017Revenue 2018: $247,494Expenses 2018: $144,189Net Income 2018: $103,3052018Revenue 2019: $132,821Expenses 2019: $145,427Net Income 2019: -$12,6062019Revenue 2020: $97,395Expenses 2020: $153,434Net Income 2020: -$56,0392020Revenue 2021: $116,605Expenses 2021: $154,665Net Income 2021: -$38,0602021Revenue 2022: $294,060Expenses 2022: $205,625Net Income 2022: $88,4352022Revenue 2023: $74,930Expenses 2023: $195,898Net Income 2023: -$120,9682023Revenue 2024: $188,989Expenses 2024: $211,803Net Income 2024: -$22,8142024Revenue 2025: $275,359Expenses 2025: $222,703Net Income 2025: $52,6562025

Highlighted filing

2019

Revenue$132,821
Expenses$145,427
Net Income-$12,606
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Dec 2, 2019
Return Version
2018v3.1
Gross Receipts
$200,689
Mission and Program Overview

Mission

Supply reading materials to the public.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,982,859$3,005,566▲ $22,707
Land, Buildings, and Equipment, Net$616,676$587,681▼ $28,995
Savings and Temporary Cash Investments$30,489$21,355▼ $9,134
Cash and Non-Interest-Bearing Accounts$129$3,779▲ $3,650
Total Assets$3,630,153$3,618,381▼ $11,772
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$3,630,153$3,618,381▼ $11,772
Total Net Assets Fund Balance$3,630,153$3,618,381▼ $11,772
Total Liabilities and Net Assets / Fund Balance$3,630,153$3,618,381▼ $11,772

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$473,965$717,563$1,191,528
Equipment$10,396$162,094$172,490
Other Land Buildings$1,871$170,492$172,363
Land$101,449-$101,449
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleBaseTotal
James CreaganTreasurer$4,000$4,000
John GrosvenorSecretary$4,000$4,000
Terry NewellPresident$4,000$4,000
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$132,821
Other Revenue
$0
Change in Net Assets
$-12,606
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$88,335
Other Expenses$45,092
Salaries, Compensation, and Employee Benefits$12,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$88,335--$88,335
Depreciation Depletion$28,993--$28,993
Current Officers, Directors, Trustees, and Key Employees-$12,000-$12,000
Insurance$8,880--$8,880
Fees for Services Accounting-$3,790-$3,790
Other Expenses-$1,955-$1,955
Fees for Services Other$1,234--$1,234
Office Expenses$190--$190
Fees for Services Legal-$50-$50
Total Functional Expenses$127,632$17,795$0$145,427
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Van Buren District LibraryDecatur, MIGovLibrary Operations$88,335
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
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
No
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

“Board of directors will review the 990 prior to filing.”

Form 990, Page 6, Part VI, Line 19

“Governing documents, including minutes and financial statements, are available for review by the general public upon request. The annual form 990 is available upon request.”

Filing and Contact Details

Filer

Filer Name
Webster Memorial Library
EIN
38-6052977
Address
124 PHELPS ST, DECATUR, MI 49045

Signing Officer

Name
James Creagan
Title
Treasurer
Phone
2694237624
Signed
2019-12-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Creagan
Formed
1960
Legal Domicile
Mi
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Yeo & Yeo Pc
Address
710 E MILHAM AVE, KALAMAZOO, MI 49002-1494
Preparer
David T Jewell
Phone
2693297007
Raw XML Appendix371 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1WEBSTER MEMORIAL LIBRARY WORKS HAND IN HAND ON A REGULAR BASIS WITH VAN BUREN DISTRICT LIBRARY TO DETERMINE THE NEEDS OF THE LIBRARY AND WHAT THEY WILL FUND, WHETHER IT BE FIXED ASSETS OR OPERATIONS, WHICH IS DOCUMENTED IN THE BOARD MINUTES. DISTRIBUTIONS ARE ALSO MADE QUARTERLY TO THE VAN BUREN LIBRARY DISTRICT BASED ON THESE INTERACTIONS AND NEEDS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2WEBSTER MEMORIAL LIBRARY WORKS HAND IN HAND ON A REGULAR BASIS WITH VAN BUREN DISTRICT LIBRARY TO DETERMINE THE NEEDS OF THE LIBRARY AND WHAT THEY WILL FUND, WHETHER IT BE FIXED ASSETS OR OPERATIONS, WHICH IS DOCUMENTED IN THE BOARD MINUTES. THE INVESTMENT POLICY, FINANCIAL RESULTS, AND STRATEGY FOR INVESTMENT RETURNS ARE PART OF THESE REGULAR DISCUSSIONS. DISTRIBUTIONS ARE ALSO MADE QUARTERLY TO THE VAN BUREN LIBRARY DISTRICT BASED ON THESE INTERACTIONS AND NEEDS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt3QUARTERLY DISTRIBUTIONS WERE MADE TO THE VAN BUREN LIBRARY DISTRICT TO SUPPORT OPERATIONS AND FIXED ASSETS. WITHOUT THIS SUPPORT, THE VAN BUREN LIBRARY DISTRICT WOULD HAVE TO FUND OPERATIONS AND FIXED ASSETS ITSELF.
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0WEBSTER MEMORIAL LIBRARY HAS AN AGREEMENT WITH THE VAN BUREN DISTRICT LIBRARY TO PROVIDE THEM WITH FUNDS TO COVER GENERAL CARE AND MAINTENANCE EXPENSES NECESSARY TO OPERATE THE LIBRARY. THE AGREEMENT IS FOR WEBSTER MEMORIAL LIBRARY TO PAY 3% OF THE FAIR MARKET VALUE OF THE ASSETS CONSISTING OF CASH, CASH EQUIVALENTS AND MARKETABLE SECURITIES HELD AT THE END OF EACH QUARTER OF THE FISCAL YEAR. IF THE TOTAL MARKET VALUE OF THE ASSETS DECREASES BELOW 2,000,000 THE 3% PAYMENT IS REDUCED TO 2.5%.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD OF DIRECTORS WILL REVIEW THE 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMENTS, INCLUDING MINUTES AND FINANCIAL STATEMENTS, ARE AVAILABLE FOR REVIEW BY THE GENERAL PUBLIC UPON REQUEST. THE ANNUAL FORM 990 IS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,618,381
Liabilities
$0
Net assets
$3,618,381
Revenue
$132,821
Expenses
$145,427
Net income
-$12,606
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.08$0.00$4.08$0.28$0.22$0.05
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.85$0.00$3.85$0.19$0.21$0.02
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.60$0.00$3.60$0.07$0.20$0.12
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.45$0.00$3.45$0.29$0.21$0.09
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.23$0.00$4.23$0.12$0.15$0.04
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.55$0.00$3.55$0.10$0.15$0.06
2019Detailed filing. Detailed filing data is available for this year.$3.62$0.00$3.62$0.13$0.15$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.63$0.00$3.63$0.25$0.14$0.10
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.52$0.00$3.52$0.07$0.14$0.06
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.33$0.00$3.33$0.09$0.13$0.03
2015Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$3.44$0.00$3.44$0.03$0.14$0.11
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.54$0.00$3.54$0.43$0.14$0.30
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$3.25$0.00$3.25$0.27$0.13$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.11$0.00$3.11$0.13
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.20$0.00$3.20$0.16