Civic Intelligence

Portsmouth Public Library Foundation

990EZ • Fiscal year 2017 • EIN 54-1556607

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 12, 2018

601 Court StreetPortsmouth, VA 23704

(757) 393-8365

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.01x

Higher debt load relative to assets than 62% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

82nd percentile

0.09x

Higher debt load relative to revenue than 82% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

2nd percentile

-436%

Higher net margin than 2% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

18th percentile

-24%

Faster asset growth than 18% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

15th percentile

-34%

Faster revenue growth than 15% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$191,288

Down $60,341 (-24%) from 2016

Net Assets

Down

$189,788

Down $61,841 (-25%) from 2016

Liabilities

Up

$1,500

Up $1,500 from 2016

Revenue

Down

$15,817

Down $8,107 (-34%) from 2016

Expenses

Up

$84,776

Up $29,117 (+52%) from 2016

Net Income

Down

-$68,959

Down $37,224 (-117%) from 2016

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2014: $189,319Liabilities 2014: $0Net Assets 2014: $189,3192014Assets 2015: $280,385Liabilities 2015: $0Net Assets 2015: $280,3852015Assets 2016: $251,629Liabilities 2016: $0Net Assets 2016: $251,6292016Assets 2017: $191,288Liabilities 2017: $1,500Net Assets 2017: $189,7882017Assets 2018: $210,415Liabilities 2018: $0Net Assets 2018: $210,4152018Assets 2019: $169,842Liabilities 2019: $0Net Assets 2019: $169,8422019Assets 2020: $164,320Liabilities 2020: $0Net Assets 2020: $164,3202020Assets 2022: $120,559Liabilities 2022: $0Net Assets 2022: $120,5592022

Highlighted filing

2017

Assets$191,288
Liabilities$1,500
Net Assets$189,788

Operations Trend

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

$200K$100K$0-$100KRevenue 2014: $55,113Expenses 2014: $62,715Net Income 2014: -$7,6022014Revenue 2015: $167,847Expenses 2015: $70,054Net Income 2015: $97,7932015Revenue 2016: $23,924Expenses 2016: $55,659Net Income 2016: -$31,7352016Revenue 2017: $15,817Expenses 2017: $84,776Net Income 2017: -$68,9592017Revenue 2018: $78,935Expenses 2018: $54,253Net Income 2018: $24,6822018Revenue 2019: $14,668Expenses 2019: $64,781Net Income 2019: -$50,1132019Revenue 2020: $16,399Expenses 2020: $29,887Net Income 2020: -$13,4882020Revenue 2022: $20,872Expenses 2022: $27,792Net Income 2022: -$6,9202022

Highlighted filing

2017

Revenue$15,817
Expenses$84,776
Net Income-$68,959
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 12, 2018
Return Version
2017v2.3
Gross Receipts
$15,817
Mission and Program Overview

Mission

To access to a comprehensive collection of materials, in a safe and appealing enviroment, to encourage social, cultural, and intellectual growth. Through the careful use of resources and a knowledgeable staff, the library will contribute to the overall quality of life and meet the ever-changing needs of the citizens of portsmouth. By encouraging an atmosphere of lifeong learning through traditional library services and emerging technologies, the library will continue to be a relevant part of the community.

Program Services

DescriptionGrantsExpenses
CHILDREN'S SUPPLIES, EQUIPMENT, PROFESSIONAL FEES, PAPER AND PROMOTIONAL MATERIALS FOR PORTSMOUTH PUBLIC LIBRARY.$10,000$34,244
BOOKS AND OTHER LIBRARY MATERIAL DONATED TO THE PORTSMOUTH PUBLIC LIBRARY.-$25,848
LECTURE SERIES, SUMMER READING PROGRAM & STAFF WORKSHOP FOR THE PORTSMOUTH PUBLIC LIBRARY. IN 2017, 15,714 PEOPLE BENEFITED, INCLUDING 11,324 CHILDREN.-$12,802
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
MARGARET GUPTAPresident-$0--
WANDA RUSSOVice-Preside-$0--
MACON WILLIAMSTreasurer-$0--
TODD ELLIOTSecretary-$0--
ALYCIA HEMINGWAYMember-$0--
HERBERT MOTTMember-$0--
GREGORY POMIJEMember-$0--
Filing and Contact Details

Filer

Filer Name
Portsmouth Public Library
EIN
54-1556607
Phone
7573938365
Address
601 COURT STREET, PORTSMOUTH, VA 23704

Signing Officer

Name
Todd Elliot
Title
Secretary
Phone
7573938365
Signed
2018-11-12

Preparer

Firm
Wc Goldberg& Co Pc
Address
4429 BONNEY ROAD SUITE 420, VIRGINIA BEACH, VA 23462
Preparer
Wendy C Goldberg CPA
Phone
7572330161
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses office supplies 9,761 media expenses 8,444 gift fund 15,260 books 1,957 library supplies 7,923 library equipment 11,346 dues 130 programs 12,802 training 3,944 advertising 156 miscellaneous 51 non-investment depreciation 881 total 72,655

Form 990-ez, Part I, Line 20

Unrealized gain/loss 7,118

Form 990-ez, Part II, Line 24

Equipment, furniture and fixtures 49,849 49,849 less accumulated depreciation 46,992 47,872 endowment-sevcf 52,979 60,098 total 55,836 62,075

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 0 1,500

Form 990-ez, Part III

To access to a comprehensive collection of materials, in a safe and appealing enviroment, to encourage social, cultural, and intellectual growth. Through the careful use of resources and a knowledgeable staff, the library will contribute to the overall quality of life and meet the ever-changing needs of the citizens of portsmouth. By encouraging an atmosphere of lifeong learning through traditional library services and emerging technologies, the library will continue to be a relevant part of the community.

Raw XML Appendix161 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES OFFICE SUPPLIES 9,761 MEDIA EXPENSES 8,444 GIFT FUND 15,260 BOOKS 1,957 LIBRARY SUPPLIES 7,923 LIBRARY EQUIPMENT 11,346 DUES 130 PROGRAMS 12,802 TRAINING 3,944 ADVERTISING 156 MISCELLANEOUS 51 NON-INVESTMENT DEPRECIATION 881 TOTAL 72,655
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UNREALIZED GAIN/LOSS 7,118
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ACCOUNTS PAYABLE AND ACCRUED EXPENSES 0 1,500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TO ACCESS TO A COMPREHENSIVE COLLECTION OF MATERIALS, IN A SAFE AND APPEALING ENVIROMENT, TO ENCOURAGE SOCIAL, CULTURAL, AND INTELLECTUAL GROWTH. THROUGH THE CAREFUL USE OF RESOURCES AND A KNOWLEDGEABLE STAFF, THE LIBRARY WILL CONTRIBUTE TO THE OVERALL QUALITY OF LIFE AND MEET THE EVER-CHANGING NEEDS OF THE CITIZENS OF PORTSMOUTH. BY ENCOURAGING AN ATMOSPHERE OF LIFEONG LEARNING THROUGH TRADITIONAL LIBRARY SERVICES AND EMERGING TECHNOLOGIES, THE LIBRARY WILL CONTINUE TO BE A RELEVANT PART OF THE COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III
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ReturnHeader/ReturnTs02018-11-14T08:51:38-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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