Civic Intelligence

Slippery Rock Community Library

990 • Fiscal year 2019 • EIN 45-4279447

Jan 01, 2019 to Dec 31, 2019 • Filed on Jun 29, 2020

PO 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

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

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

28th percentile

0.00x

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

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

88th percentile

39%

Higher net margin than 88% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

56th percentile

$23,797

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 17.4% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

57th percentile

6.2%

Faster asset growth than 57% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

87th percentile

53%

Faster revenue growth than 87% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$953,864

Up $55,913 (+6.2%) from 2018

Net Assets

Up

$953,864

Up $55,913 (+6.2%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Up

$136,459

Up $47,481 (+53%) from 2018

Expenses

Up

$83,060

Up $277 (+0.3%) from 2018

Net Income

Up

$53,399

Up $47,204 (+762%) from 2018

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

2019

Assets$953,864
Liabilities$0
Net Assets$953,864

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

2019

Revenue$136,459
Expenses$83,060
Net Income$53,399
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 29, 2020
Return Version
2019v5.1
Gross Receipts
$137,267
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$733,738$767,072▲ $33,334
Cash and Non-Interest-Bearing Accounts$53,260$66,915▲ $13,655
Investments in Publicly Traded Securities$11,415$66,646▲ $55,231
Savings and Temporary Cash Investments$99,538$53,231▼ $46,307
Total Assets$897,951$953,864▲ $55,913
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$812,990$920,924▲ $107,934
Net Assets With Donor Restrictions$84,961$32,940▼ $52,021
Total Net Assets Fund Balance$897,951$953,864▲ $55,913
Total Liabilities and Net Assets / Fund Balance$897,951$953,864▲ $55,913

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$700,431$23,749$724,180
Land$62,099-$62,099
Equipment$4,542$458$5,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Karen PierceDirectorPT$23,797$23,797

Board Members and Trustees

NameTitle
Robert CraftonPresident
Diane HyattVice President
Christy TichyBoard Member
Gary HughesBoard Member
Molly BreakironBoard Member
Shauna Holt-pearcyBoard Member
Veronica CardelloBoard Member
Michael HilliardSecretary
Jean ShumwayTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$119,022
Program Service Revenue
$5,264
Investment Income
$2,873
Other Revenue
$9,300
All Other Contributions
$112,022
Change in Net Assets
$53,399
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$42,678
Salaries, Compensation, and Employee Benefits$40,382
Total Fundraising Expense$248
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$23,797--$23,797
Depreciation Depletion$18,563--$18,563
Other Salaries and Wages$12,917--$12,917
Office Expenses$6,215--$6,215
Occupancy$6,145--$6,145
Payroll Taxes$3,668--$3,668
Fees for Services Accounting-$2,478-$2,478
Insurance-$2,263-$2,263
Other Expenses$360--$360
Advertising--$248$248
Total Functional Expenses$78,071$4,741$248$83,060
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$5,918
Fundraising Direct Expenses$808
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
Annual disclosure for covered persons
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
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, board members were given copies of the entire return. It was reviewed and they voted to approve it.

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

All board members monitor themselves, each other, and the organization for possible conflicts of interest.

Form 990, Part VI, Section C, Line 19

Copies of the governing documents, conflict of interest policy, and financial statements are always available to the public at the library itself, upon request. All slippery rock community library board of trustee meetings are open to the public.

Filing and Contact Details

Filer

Filer Name
Slippery Rock Community Library
EIN
45-4279447
Phone
7247389179
Address
PO BOX 25, SLIPPERY ROCK, PA 16057

Signing Officer

Name
Jean Shumway
Title
Treasurer
Phone
7247389179
Signed
2020-06-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jean Shumway
Formed
2012
Legal Domicile
Pa
Voting Board Members
9
Independent Board Members
9
Employees
3
Volunteers
59

Preparer

Firm
Mcgill Power Bell & Associates Llp
Address
10 WOODLAND CENTER DRIVE, GROVE CITY, PA 16127
Preparer
Susan M Cyphert
Phone
7244587490
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 1:

The library prepares its financial statements on the modified cash basis of accounting, which is a comprehensive basis of accounting other than accounting principles generally accepted in the united states of america. Under that basis, certain revenues and related assets are recognized when received rather than when earned, and certain expenses are recognized when paid rather than when the obligations are incurred. The library capitalizes fixed assets and records the change in the fair value of investments, which are modifications to the cash basis of accounting.

FORM 990, PART XII, LINE 2C:

The process was not changed from the previous year.

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IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt09454
IRS990/SavingsAndTempCashInvstGrp/BOYAmt099538
IRS990/SavingsAndTempCashInvstGrp/EOYAmt053231
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0119022
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt085342
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt087224
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0249780
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0223465
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0764833
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0820
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0847
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01941
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt03297
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt03426
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt010331
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt07294
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt04190
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt030
IRS990ScheduleA/OtherIncome170Grp/TotalAmt04220
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.97910
IRS990ScheduleA/PublicSupportPY170Pct00.98840
IRS990ScheduleA/PublicSupportTotal170Amt0764833
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0119022
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt085342
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt087224
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0249780
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0223465
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0764833
IRS990ScheduleA/TotalSupportAmt0781167
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt01783
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt01783
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/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0700431
IRS990ScheduleD/BuildingsGrp/DepreciationAmt023749
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0724180
IRS990ScheduleD/EquipmentGrp/BookValueAmt04542
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0458
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05000
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd00
IRS990ScheduleD/LandGrp/BookValueAmt062099
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt062099
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0767072
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AT A REGULAR BOARD MEETING, BOARD MEMBERS WERE GIVEN COPIES OF THE ENTIRE RETURN. IT WAS REVIEWED AND THEY VOTED TO APPROVE IT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL BOARD MEMBERS MONITOR THEMSELVES, EACH OTHER, AND THE ORGANIZATION FOR POSSIBLE CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COPIES OF THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE ALWAYS AVAILABLE TO THE PUBLIC AT THE LIBRARY ITSELF, UPON REQUEST. ALL SLIPPERY ROCK COMMUNITY LIBRARY BOARD OF TRUSTEE MEETINGS ARE OPEN TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE LIBRARY PREPARES ITS FINANCIAL STATEMENTS ON THE MODIFIED CASH BASIS OF ACCOUNTING, WHICH IS A COMPREHENSIVE BASIS OF ACCOUNTING OTHER THAN ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. UNDER THAT BASIS, CERTAIN REVENUES AND RELATED ASSETS ARE RECOGNIZED WHEN RECEIVED RATHER THAN WHEN EARNED, AND CERTAIN EXPENSES ARE RECOGNIZED WHEN PAID RATHER THAN WHEN THE OBLIGATIONS ARE INCURRED. THE LIBRARY CAPITALIZES FIXED ASSETS AND RECORDS THE CHANGE IN THE FAIR VALUE OF INVESTMENTS, WHICH ARE MODIFICATIONS TO THE CASH BASIS OF ACCOUNTING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PROCESS WAS NOT CHANGED FROM THE PREVIOUS YEAR.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 1:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
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IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0897951
IRS990/TotalAssetsEOYAmt0953864
IRS990/TotalAssetsGrp/BOYAmt0897951
IRS990/TotalAssetsGrp/EOYAmt0953864
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0119022
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0248
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt04741
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt078071
IRS990/TotalFunctionalExpensesGrp/TotalAmt083060
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0897951
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0953864
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt078071
IRS990/TotalProgramServiceRevenueAmt05264
IRS990/TotalReportableCompFromOrgAmt023797
IRS990/TotalRevenueGrp/ExclusionAmt07983
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt09454
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0136459
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt059
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0897951
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0953864
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 25
IRS990/USAddress/CityNm0SLIPPERY ROCK
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd016057
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.SLIPPERYROCKLIBRARY.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02020-09-22 18:59:49Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JEAN SHUMWAY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07247389179
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-06-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SLIPPERY ROCK COMMUNITY LIBRARY
ReturnHeader/Filer/BusinessNameControlTxt0SLIP
ReturnHeader/Filer/EIN0454279447
ReturnHeader/Filer/PhoneNum07247389179
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 25
ReturnHeader/Filer/USAddress/CityNm0SLIPPERY ROCK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA

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