Civic Intelligence

Slippery Rock Community Library

990 • Fiscal year 2015 • EIN 45-4279447

Jan 01, 2015 to Dec 31, 2015 • Filed on Aug 27, 2016

P O Box 25Slippery Rock, PA 16057

(724) 738-9179

Siviq Scores

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

Liabilities / Assets

27th percentile

0.00x

Higher debt load relative to assets than 27% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

28th percentile

0.00x

Higher debt load relative to revenue than 28% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

97th percentile

81%

Higher net margin than 97% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

87th percentile

43%

Faster asset growth than 87% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

12th percentile

-28%

Faster revenue growth than 12% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Up

$632,911

Up $190,523 (+43%) from 2014

Net Assets

Up

$632,311

Up $189,923 (+43%) from 2014

Liabilities

Up

$600

Up $600 from 2014

Revenue

Down

$231,439

Down $88,347 (-28%) from 2014

Expenses

Up

$45,088

Up $11,583 (+35%) from 2014

Net Income

Down

$186,351

Down $99,930 (-35%) from 2014

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2012: $102,899Liabilities 2012: $02012Assets 2013: $156,107Liabilities 2013: $02013Assets 2014: $442,388Liabilities 2014: $0Net Assets 2014: $442,3882014Assets 2015: $632,911Liabilities 2015: $600Net Assets 2015: $632,3112015Assets 2016: $853,157Liabilities 2016: $0Net Assets 2016: $853,1572016Assets 2017: $892,997Liabilities 2017: $0Net Assets 2017: $892,9972017Assets 2018: $897,951Liabilities 2018: $0Net Assets 2018: $897,9512018Assets 2019: $953,864Liabilities 2019: $0Net Assets 2019: $953,8642019Assets 2020: $984,338Liabilities 2020: $0Net Assets 2020: $984,3382020Assets 2021: $1,026,564Liabilities 2021: $0Net Assets 2021: $1,026,5642021Assets 2022: $1,031,701Liabilities 2022: $375Net Assets 2022: $1,031,3262022Assets 2023: $1,068,818Liabilities 2023: $238Net Assets 2023: $1,068,5802023Assets 2024: $1,091,069Liabilities 2024: $106Net Assets 2024: $1,090,9632024

Highlighted filing

2015

Assets$632,911
Liabilities$600
Net Assets$632,311

Operations Trend

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

$400K$300K$200K$100K$0Revenue 2012: $103,053Expenses 2012: $154Net Income 2012: $102,8992012Revenue 2013: $77,906Expenses 2013: $24,698Net Income 2013: $53,2082013Revenue 2014: $319,786Expenses 2014: $33,505Net Income 2014: $286,2812014Revenue 2015: $231,439Expenses 2015: $45,088Net Income 2015: $186,3512015Revenue 2016: $257,864Expenses 2016: $37,018Net Income 2016: $220,8462016Revenue 2017: $75,458Expenses 2017: $36,737Net Income 2017: $38,7212017Revenue 2018: $88,978Expenses 2018: $82,783Net Income 2018: $6,1952018Revenue 2019: $136,459Expenses 2019: $83,060Net Income 2019: $53,3992019Revenue 2020: $115,267Expenses 2020: $93,960Net Income 2020: $21,3072020Revenue 2021: $127,365Expenses 2021: $93,182Net Income 2021: $34,1832021Revenue 2022: $130,548Expenses 2022: $104,410Net Income 2022: $26,1382022Revenue 2023: $117,131Expenses 2023: $92,980Net Income 2023: $24,1512023Revenue 2024: $134,279Expenses 2024: $122,032Net Income 2024: $12,2472024

Highlighted filing

2015

Revenue$231,439
Expenses$45,088
Net Income$186,351
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 27, 2016
Return Version
2015v2.1
Gross Receipts
$234,651
Mission and Program Overview

Mission

Slippery rock community library provides a welcoming environment while connecting people to services, activities, and technology to enrich life, foster literacy, inspire curiosity, and stimulate imagination.

Slippery Rock Community Library offers library services to the public and is raising funds for and is in the process of building its own building.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$383,108$573,031▲ $189,923
Savings and Temporary Cash Investments$267,300$545,535▲ $278,235
Land, Buildings, and Equipment, Net$59,280$59,280→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$59,280$59,280→ $0
Cash and Non-Interest-Bearing Accounts$21,690$18,908▼ $2,782
Investments in Publicly Traded Securities$94,118$9,188▼ $84,930
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Intangible Assets$0--
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$442,388$632,911▲ $190,523
Other Assets Total$0--
Liabilities
Escrow Account Liability$0$600▲ $600
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0--
Deferred Revenue$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$600▲ $600
Net Assets / Fund Balance
Total Net Assets Fund Balance$442,388$632,311▲ $189,923
Total Liabilities and Net Assets / Fund Balance$442,388$632,911▲ $190,523

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$42,000$0$42,000
Land$17,280-$17,280
Other Land Buildings$0$0$0
Equipment$0$0$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Board Members and Trustees

NameTitle
Janet ForrestPresident and Trustee
Diane HyattVice President and Trustee
Sue MrazSecretary and Trustee
Shauna Holt PearcyTreasurer and Trustee
Christy TichyTrustee
Constance SmithTrustee
Jim DixonTrustee
Martin GehrkeTrustee
Royce LorentzTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$223,465
Program Service Revenue
$1,096
Investment Income
$426
Other Revenue
$6,452
All Other Contributions
$215,265
Change in Net Assets
$186,351
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$31,005
Salaries, Compensation, and Employee Benefits$14,083
Total Fundraising Expense$1,504
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$15,323$0$0$15,323
Other Salaries and Wages$9,847$0$0$9,847
Fees for Services Accounting$0$4,361$0$4,361
Payroll Taxes$3,728$0$0$3,728
Occupancy$2,526$0$0$2,526
Insurance$0$1,657$0$1,657
Advertising$0$0$1,504$1,504
Other Employee Benefits$508$0$0$508
Office Expenses$292$0$0$292
Travel$0$228$0$228
Information Technology$225$0$0$225
Total Functional Expenses$36,836$6,748$1,504$45,088
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$6,281
Fundraising Direct Expenses$1,995
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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

At a regular board meeting, trustees were given copies of the entire return. It was reviewed and they voted to approve it.

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

Slippery Rock Community Library is governed by a Board of Trustees who know each other well. Geographically and socially, our community is very small. Our vendors are few in number. Consequently, there is no dearth of information about possible conflicts of interest.

Form 990, Part VI, Section C, Line 18

Copies of Form 1023 and 990 are always available to the public at the library itself. Due to space constraints, they are available upon request.

Form 990, Part VI, Section C, Line 19

Copies of the governing documents, conflict of interest policy, audits, and financial statements are always available to the public at the library itself. Due to space constraints, they are available upon request. All Slippery Rock Community Library Board of Trustee meetings are public.

Filing and Contact Details

Filer

Filer Name
Slippery Rock Community Library
EIN
45-4279447
Phone
7247389179
Address
P O Box 25, Slippery Rock, PA 16057

Signing Officer

Name
Shauna Holt Pearcy
Title
Treasurer and Trustee
Phone
7244060334
Signed
2016-08-27

Organization Details

Principal Officer
Janet Forrest
Formed
2012
Legal Domicile
Pa
Voting Board Members
8
Independent Board Members
8
Employees
1
Volunteers
21
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2B

Please note that Slippery Rock Community Library's financial records are audited annually, in arrears however, by an independent accounting firm. The audit for the 2015 fiscal year has not yet been undertaken.

Financial Statement Notes

Schedule D, Part IV, Line 1B

Slippery Rock Community Library was given property with a house on it in 2014. The library board decided to rent out the house and use any income generated towards its tax exempt purpose. The tenants had to make a rental deposit to be held until their tenancy ends and the lease agreement is satisfied.

Schedule D, Part IV, Line 2B

By state law, a rental deposit, if required, must be held as a liability for only a specified length of time relating to the satisfaction of the lease requirements.

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IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt00
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt00
IRS990/InformationTechnologyGrp/ProgramServicesAmt0225
IRS990/InformationTechnologyGrp/TotalAmt0225
IRS990/InsuranceGrp/FundraisingAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt01657
IRS990/InsuranceGrp/ProgramServicesAmt00
IRS990/InsuranceGrp/TotalAmt01657
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/InterestGrp/FundraisingAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt00
IRS990/InterestGrp/ProgramServicesAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentExpenseAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0426
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0426
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt094118
IRS990/InvestmentsPubTradedSecGrp/EOYAmt09188
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt059280
IRS990/LandBldgEquipBasisNetGrp/EOYAmt059280
IRS990/LandBldgEquipCostOrOtherBssAmt059280
IRS990/LegalDomicileStateCd0PA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LessRentalExpensesGrp/PersonalAmt00
IRS990/LessRentalExpensesGrp/RealAmt01217
IRS990/LoanOutstandingInd00
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/ExclusionAmt00
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IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
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IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt00
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IRS990/NetIncomeFromGamingGrp/ExclusionAmt00
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IRS990/NetIncomeOrLossGrp/ExclusionAmt00
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
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IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt00
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IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt01783
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt01783
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt03572
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt00
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IRS990/OfficeExpensesGrp/FundraisingAmt00
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IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
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IRS990/OtherAssetsTotalGrp/BOYAmt00
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IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt0508
IRS990/OtherExpensesGrp/Desc0Collection development and programming
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IRS990/OtherExpensesGrp/Desc2Transfers
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IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2455
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
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IRS990/OtherExpensesGrp/ProgramServicesAmt20
IRS990/OtherExpensesGrp/ProgramServicesAmt315323
IRS990/OtherExpensesGrp/TotalAmt04387
IRS990/OtherExpensesGrp/TotalAmt147
IRS990/OtherExpensesGrp/TotalAmt2455
IRS990/OtherExpensesGrp/TotalAmt315323
IRS990/OtherInd0X
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherRevenueMiscGrp/BusinessCd0519120
IRS990/OtherRevenueMiscGrp/Desc0Refunds
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IRS990/OtherRevenueTotalAmt0383
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt09847
IRS990/OtherSalariesAndWagesGrp/TotalAmt09847
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
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IRS990/PayrollTaxesGrp/TotalAmt03728
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt059280
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt059280
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
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IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00

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