Civic Intelligence

Visual Art Library Inc.

990EZ • Fiscal year 2021 • EIN 45-4724538

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 15, 2022

PO Box 589New London, CT 06320

(917) 513-4663

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

56th percentile

0.00x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

89th percentile

57%

Higher net margin than 89% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

78th percentile

$500

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Assets

$107,328

No earlier filing loaded for comparison.

Net Assets

$107,328

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$185,025

No earlier filing loaded for comparison.

Expenses

$78,697

No earlier filing loaded for comparison.

Net Income

$106,328

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2021: $107,328Liabilities 2021: $0Net Assets 2021: $107,3282021Assets 2022: $230,485Liabilities 2022: $666Net Assets 2022: $229,8192022Assets 2023: $126,342Net Assets 2023: $126,3422023Assets 2024: $90,127Net Assets 2024: $90,1272024

Highlighted filing

2021

Assets$107,328
Liabilities$0
Net Assets$107,328

Operations Trend

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

$300K$200K$100K$0-$100K-$200KRevenue 2021: $185,025Expenses 2021: $78,697Net Income 2021: $106,3282021Revenue 2022: $216,337Expenses 2022: $93,846Net Income 2022: $122,4912022Revenue 2023: $31,878Expenses 2023: $135,355Net Income 2023: -$103,4772023Revenue 2024: $35,887Expenses 2024: $72,102Net Income 2024: -$36,2152024

Highlighted filing

2021

Revenue$185,025
Expenses$78,697
Net Income$106,328
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.0
Gross Receipts
$185,025
Mission and Program Overview

Mission

A research library for contemporary art worldwide

Program Services

DescriptionGrantsExpenses
During 2021, the library moved to new space, reducing its rent by more than 20%. More than 5,000 books and catalogues were donated.The library staff and Interns continued to organize the books, catalogues and ephemera in the collection,$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Susan WatermanSecretary-$500-$500
George H Waterman 3President Treasurer DirectorPT$0--
Susan P FirestoneDirector-$0--
Jorie M WatermanDirector-$0--
Gwendolyn WestDirector-$0--
Filing and Contact Details

Filer

Filer Name
Visual Art Library Inc
EIN
45-4724538
Phone
9175134663
Address
PO Box 589, New London, CT 06320

Signing Officer

Name
George Waterman
Title
President
Phone
9175134663
Signed
2022-11-15
Supplemental Narrative

Additional Explanations

Form 990-EZ, Header, Line B

I neglected to include a contribution to the return of $76,800

Form 990-EZ, Part I, Line 8

A number of years ago, The President of Visual Art Library personally received two loans from an unrelated person. In 2021 the unrelated individual donated those loans to Visual Art Library. They totaled $35,000 and are now a receivable of Visual Art Library.

Form 990-EZ, Part I, Line 10

None made

Form 990-EZ, Part I, Line 16

No other expenses not listed above

Form 990-EZ, Part I, Line 20

This return is the company's initial 990. Prior e-Postcards did not require this detail. Visual Art Library has been given and promised books and catalogues.

Form 990-EZ, Part II, Line 24

The value of the books and catalogues held by the library are carried at $1,000

Form 990-EZ, Part II, Line 26

There are none listed on this return . There is an amount due for past rent which has not been determined at this time.

Raw XML Appendix210 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Susan Waterman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President Treasurer Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Director
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IRS990EZ/OperateHospitalInd00
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IRS990EZ/PrintingPublicationsPostageAmt03972
IRS990EZ/ProgramServiceRevenueAmt00
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IRS990EZ/WebsiteAddressTxt0visualartlibrary.org
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0There was no other income
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part II, Line 10
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0I neglected to include a contribution to the return of $76,800
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A number of years ago, The President of Visual Art Library personally received two loans from an unrelated person. In 2021 the unrelated individual donated those loans to Visual Art Library. They totaled $35,000 and are now a receivable of Visual Art Library.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2None made
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3No other expenses not listed above
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4This return is the company's initial 990. Prior e-Postcards did not require this detail. Visual Art Library has been given and promised books and catalogues.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The value of the books and catalogues held by the library are carried at $1,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6There are none listed on this return . There is an amount due for past rent which has not been determined at this time.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Header, Line B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part I, Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990-EZ, Part I, Line 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990-EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990-EZ, Part II, Line 26
ReasonableCauseExplanation/ExplanationTxt0An Extension was filed
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/LastSubmissionRqrOOBCd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd011
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0George Waterman
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum09175134663
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VISUAL ART LIBRARY INC
ReturnHeader/Filer/BusinessNameControlTxt0VISU
ReturnHeader/Filer/EIN0454724538
ReturnHeader/Filer/PhoneNum09175134663
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 589
ReturnHeader/Filer/USAddress/CityNm0New London
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CT
ReturnHeader/Filer/USAddress/ZIPCd006320
ReturnHeader/ReturnTs02023-07-04T15:01:09-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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