Civic Intelligence

Webster Memorial Library

990 • Fiscal year 2024 • EIN 38-6052977

Jul 01, 2023 to Jun 30, 2024 • Filed on Nov 18, 2024

Organization ProfileN/A
124 Phelps StDecatur, MI 49045

(269) 423-4771

Siviq Scores

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

Liabilities / Assets

18th percentile

0.00x

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

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

Liabilities / Revenue

18th percentile

0.00x

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

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

Net Margin

20th percentile

-12%

Higher net margin than 20% of similar nonprofits.

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

Top Officer Pay

41st percentile

$6,000

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

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

Asset Growth

57th percentile

6.9%

Faster asset growth than 57% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

94th percentile

152%

Faster revenue growth than 94% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets18th percentile

Assets

Up

$3,846,509

Up $248,103 (+6.9%) from 2023

Net Assets

Up

$3,846,509

Up $248,103 (+6.9%) from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue And Expenses
Liabilities / Revenue18th percentileNet Margin20th percentile

Revenue

Up

$188,989

Up $114,059 (+152%) from 2023

Expenses

Up

$211,803

Up $15,905 (+8.1%) from 2023

Net Income

Up

-$22,814

Up $98,154 (+81%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth57th 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

2024

Assets$3,846,509
Liabilities$0
Net Assets$3,846,509
Open 2024 Filing

Operations Trend

Revenue Growth94th 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

2024

Revenue$188,989
Expenses$211,803
Net Income-$22,814
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Nov 18, 2024
Return Version
2023v5.0
Gross Receipts
$276,745
Mission and Program Overview

Mission

Supply reading materials to the public.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,082,255$3,369,556▲ $287,301
Land, Buildings, and Equipment, Net$489,636$465,339▼ $24,297
Savings and Temporary Cash Investments$25,500$10,625▼ $14,875
Cash and Non-Interest-Bearing Accounts$1,015$989▼ $26
Total Assets$3,598,406$3,846,509▲ $248,103
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,598,406$3,846,509▲ $248,103
Total Net Assets Fund Balance$3,598,406$3,846,509▲ $248,103
Total Liabilities and Net Assets / Fund Balance$3,598,406$3,846,509▲ $248,103

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$355,549$835,979$1,191,528
Other Land Buildings$8,341$171,552$179,893
Land$101,449-$101,449
Equipment-$51,949$51,949
Compensation and Service Providers
Top Officer Pay41st percentile

Employees

NameTitleBaseTotal
James CreaganTreasurer$6,000$6,000
John GrosvenorSecretary$6,000$6,000
Terry NewellPresident$6,000$6,000
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$188,989
Other Revenue
$0
Change in Net Assets
$-22,814
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$154,479
Other Expenses$39,324
Salaries, Compensation, and Employee Benefits$18,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$154,479--$154,479
Depreciation Depletion$24,297--$24,297
Current Officers, Directors, Trustees, and Key Employees-$18,000-$18,000
Insurance$8,597--$8,597
Fees for Services Accounting-$4,935-$4,935
Fees for Services Other$1,345--$1,345
Office Expenses$150--$150
Total Functional Expenses$188,868$22,935$0$211,803
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Van Buren District LibraryDecatur, MIGovLibrary Operations$154,479
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 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
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
Phone
2694234771
Address
124 PHELPS ST, DECATUR, MI 49045

Signing Officer

Name
James Creagan
Title
Treasurer
Phone
2694237624
Signed
2024-11-18
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
Volunteers
3

Preparer

Firm
Yeo & Yeo Pc
Address
710 E MILHAM AVE, KALAMAZOO, MI 49002-1494
Preparer
David T Jewell
Phone
2693297007
Raw XML Appendix361 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.
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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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IRS990/TaxExemptBondsInd0false
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ReturnHeader/PreparerPersonGrp/PreparationDt02024-12-02
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ReturnHeader/ReturnTs02024-12-04T12:54:41-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,846,509
Liabilities
$0
Net assets
$3,846,509
Revenue
$188,989
Expenses
$211,803
Net income
-$22,814
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
2024Detailed filing. Detailed filing data is available for this year.$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
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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