Civic Intelligence

Slippery Rock Community Library

990 • Fiscal year 2021 • EIN 45-4279447

Jan 01, 2021 to Dec 31, 2021 • Filed on Aug 11, 2022

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

17th percentile

0.00x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

17th percentile

0.00x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

71st percentile

27%

Higher net margin than 71% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

42nd percentile

$21,718

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 17.1% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

38th percentile

4.3%

Faster asset growth than 38% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

48th percentile

10%

Faster revenue growth than 48% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$1,026,564

Up $42,226 (+4.3%) from 2020

Net Assets

Up

$1,026,564

Up $42,226 (+4.3%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue

Up

$127,365

Up $12,098 (+10%) from 2020

Expenses

Down

$93,182

Down $778 (-0.8%) from 2020

Net Income

Up

$34,183

Up $12,876 (+60%) from 2020

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

2021

Assets$1,026,564
Liabilities$0
Net Assets$1,026,564

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

2021

Revenue$127,365
Expenses$93,182
Net Income$34,183
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Aug 11, 2022
Return Version
2021v4.2
Gross Receipts
$128,615
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 provides a welcoming environment while connecting people to services, activities, and technology to enrich life, foster literacy, inspire curiousity, and stimulate imagination.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$748,468$729,864▼ $18,604
Cash and Non-Interest-Bearing Accounts$97,360$105,094▲ $7,734
Investments in Publicly Traded Securities$78,686$97,626▲ $18,940
Savings and Temporary Cash Investments$59,824$93,980▲ $34,156
Total Assets$984,338$1,026,564▲ $42,226
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$953,502$982,202▲ $28,700
Net Assets With Donor Restrictions$30,836$44,362▲ $13,526
Total Net Assets Fund Balance$984,338$1,026,564▲ $42,226
Total Liabilities and Net Assets / Fund Balance$984,338$1,026,564▲ $42,226

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$664,223$59,957$724,180
Land$62,099-$62,099
Equipment$3,542$1,458$5,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Karen PierceDirector Through August 2021PT$21,718$21,718
Tiffany FramptonDirector From September 2021PT$12,910$12,910

Board Members and Trustees

NameTitle
Veronica CardelloPresident
Jean ShumwayVice President
Diane HyattBoard Member
Doug FlickingerBoard Member
Joe NashBoard Member
Julie BarkleyBoard Member
Julie PrebulaBoard Member
Michael HilliardRecording Secretary
Cara HastingsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$112,923
Program Service Revenue
$4,745
Investment Income
$5,855
Other Revenue
$3,842
All Other Contributions
$99,690
Change in Net Assets
$34,183
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$48,552
Other Expenses$44,630
Total Fundraising Expense$2,298
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$34,628--$34,628
Depreciation Depletion$18,604--$18,604
Other Salaries and Wages$9,940--$9,940
Occupancy$8,171--$8,171
Payroll Taxes$3,984--$3,984
Information Technology$3,107$777-$3,884
Insurance-$2,358-$2,358
Advertising--$2,298$2,298
Fees for Services Accounting-$2,000-$2,000
Other Expenses$559$446-$559
Total Functional Expenses$85,303$5,581$2,298$93,182
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$4,964
Fundraising Direct Expenses$1,250
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
Cara Hastings
Title
Treasurer
Phone
7247389179
Signed
2022-08-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cara Hastings
Formed
2012
Legal Domicile
Pa
Voting Board Members
9
Independent Board Members
9
Employees
4
Volunteers
46

Preparer

Firm
Mcgill Power Bell & Associates Llp
Address
10 WOODLAND CENTER DRIVE, GROVE CITY, PA 16127
Preparer
Joy S Strain
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:

This process has not changed from the prior year.

Raw XML AppendixShowing 400 of 433 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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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02684
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12061
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02684
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12061
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0101034
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt03020
IRS990/PYOtherExpensesAmt047264
IRS990/PYOtherRevenueAmt01881
IRS990/PYProgramServiceRevenueAmt09332
IRS990/PYRevenuesLessExpensesAmt021307
IRS990/PYSalariesCompEmpBnftPaidAmt046696
IRS990/PYTotalExpensesAmt093960
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0115267
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt034183
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt04873
IRS990/SavingsAndTempCashInvstGrp/BOYAmt059824
IRS990/SavingsAndTempCashInvstGrp/EOYAmt093980
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0112923
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0101034
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0119022
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt085342
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt087224
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0505545
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01169
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01304
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0820
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0847
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01941
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt06081
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt021371
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0128
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt02930
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt04190
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt030
IRS990ScheduleA/OtherIncome170Grp/TotalAmt07278
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.91720
IRS990ScheduleA/PublicSupportPY170Pct00.96620
IRS990ScheduleA/PublicSupportTotal170Amt0475923
IRS990ScheduleA/SubstantialContributorsTotAmt029622
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0112923
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0101034
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0119022
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt085342
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt087224
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0505545
IRS990ScheduleA/TotalSupportAmt0518904
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/BookValueAmt0664223
IRS990ScheduleD/BuildingsGrp/DepreciationAmt059957
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0724180
IRS990ScheduleD/EquipmentGrp/BookValueAmt03542
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01458
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05000
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd00
IRS990ScheduleD/LandGrp/BookValueAmt062099
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt062099
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0729864
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/ExplanationTxt4THIS PROCESS HAS NOT CHANGED FROM THE PRIOR 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:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0PA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0984338
IRS990/TotalAssetsEOYAmt01026564
IRS990/TotalAssetsGrp/BOYAmt0984338
IRS990/TotalAssetsGrp/EOYAmt01026564
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0112923
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt02298
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt05581
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt085303
IRS990/TotalFunctionalExpensesGrp/TotalAmt093182
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0984338
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01026564
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt085303
IRS990/TotalProgramServiceRevenueAmt04745
IRS990/TotalReportableCompFromOrgAmt034628
IRS990/TotalRevenueGrp/ExclusionAmt09569
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04873
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0127365
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt046
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0984338
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01026564
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

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