Civic Intelligence

Albemarle Regional Library

990 • Fiscal year 2016 • EIN 56-6001883

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 03, 2017

PO Box 68Winton, NC 27986

(252) 358-7834

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.03x

Higher debt load relative to assets than 33% of similar nonprofits.

2016 filings • NTEE B • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

38th percentile

0.05x

Higher debt load relative to revenue than 38% of similar nonprofits.

2016 filings • NTEE B • $1M-$5M nonprofits • Source year 2016

Net Margin

34th percentile

-0.5%

Higher net margin than 34% of similar nonprofits.

2016 filings • NTEE B • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

50th percentile

$70,000

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 5.6% of source-year revenue.

2016 filings • NTEE B • $1M-$5M nonprofits • Source year 2016

Asset Growth

40th percentile

0.3%

Faster asset growth than 40% of similar nonprofits.

2016 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2013 to 2016

Revenue Growth

Score unavailable

No value available

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

Source year 2016

Assets

Up

$2,186,296

Up $17,297 (+0.8%) from 2013

Net Assets

Up

$2,125,263

Up $18,227 (+0.9%) from 2013

Liabilities

Down

$61,033

Down $930 (-1.5%) from 2013

Revenue

$1,259,279

No earlier filing loaded for comparison.

Expenses

Up

$1,265,761

Up $28,703 (+2.3%) from 2013

Net Income

-$6,482

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.

$3.0M$2.0M$1.0M$0Assets 2010: $1,699,694Liabilities 2010: $72,795Net Assets 2010: $1,626,8992010Assets 2013: $2,168,999Liabilities 2013: $61,963Net Assets 2013: $2,107,0362013Assets 2016: $2,186,296Liabilities 2016: $61,033Net Assets 2016: $2,125,2632016Assets 2017: $2,209,967Liabilities 2017: $153,570Net Assets 2017: $2,056,3972017Assets 2018: $2,353,259Liabilities 2018: $112,641Net Assets 2018: $2,240,6182018Assets 2019: $2,494,619Liabilities 2019: $187,920Net Assets 2019: $2,306,6992019Assets 2020: $2,382,838Liabilities 2020: $212,288Net Assets 2020: $2,170,5502020Assets 2021: $2,362,642Liabilities 2021: $258,861Net Assets 2021: $2,103,7812021Assets 2022: $2,358,932Liabilities 2022: $129,873Net Assets 2022: $2,229,0592022Assets 2023: $2,544,715Liabilities 2023: $396,747Net Assets 2023: $2,147,9682023Assets 2024: $2,391,326Liabilities 2024: $435,989Net Assets 2024: $1,955,3372024

Highlighted filing

2016

Assets$2,186,296
Liabilities$61,033
Net Assets$2,125,263

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $1,168,1262010Expenses 2013: $1,237,0582013Revenue 2016: $1,259,279Expenses 2016: $1,265,761Net Income 2016: -$6,4822016Revenue 2017: $1,282,695Expenses 2017: $1,351,561Net Income 2017: -$68,8662017Revenue 2018: $1,539,851Expenses 2018: $1,355,630Net Income 2018: $184,2212018Revenue 2019: $1,364,433Expenses 2019: $1,298,352Net Income 2019: $66,0812019Revenue 2020: $1,214,912Expenses 2020: $1,351,061Net Income 2020: -$136,1492020Revenue 2021: $1,245,200Expenses 2021: $1,311,969Net Income 2021: -$66,7692021Revenue 2022: $1,237,045Expenses 2022: $1,122,274Net Income 2022: $114,7712022Revenue 2023: $1,479,541Expenses 2023: $1,512,413Net Income 2023: -$32,8722023Revenue 2024: $1,328,153Expenses 2024: $1,363,725Net Income 2024: -$35,5722024

Highlighted filing

2016

Revenue$1,259,279
Expenses$1,265,761
Net Income-$6,482
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 3, 2017
Return Version
2015v3.0
Gross Receipts
$1,259,279
Mission and Program Overview

Mission

To establish and maintain libraries for use by the general public.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$2,131,745$2,125,263▼ $6,482
Cash and Non-Interest-Bearing Accounts$1,715,401$1,127,479▼ $587,922
Savings and Temporary Cash Investments-$550,679-
Land, Buildings, and Equipment, Net$474,572$499,821▲ $25,249
Prepaid Expenses and Deferred Charges-$8,317-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$2,189,973$2,186,296▼ $3,677
Liabilities
Accounts Payable and Accrued Expenses$58,228$61,033▲ $2,805
Total Liabilities$58,228$61,033▲ $2,805
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,131,745$2,125,263▼ $6,482
Total Liabilities and Net Assets / Fund Balance$2,189,973$2,186,296▼ $3,677

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$499,821$3,919,342$4,419,163
Leasehold Improvements$0$125,506$125,506
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Teresa ColeExecutive DirectorFT$70,000$70,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,111,341
Program Service Revenue
$64,154
Investment Income
$1,139
Other Revenue
$82,645
All Other Contributions
$24,743
Change in Net Assets
$-6,482

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,259,279
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,259,279
Total Revenue per Form 990
$1,259,279
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$779,048
Other Expenses$486,713
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$541,950--$541,950
Depreciation Depletion$122,586--$122,586
Other Employee Benefits$81,343--$81,343
Current Officers, Directors, Trustees, and Key Employees$70,000--$70,000
All Other Expenses$65,742--$65,742
Payroll Taxes$50,216--$50,216
Other Expenses$48,124--$48,124
Pension Plan Contributions$35,539--$35,539
Insurance$12,276--$12,276
Total Functional Expenses$1,265,761$0$0$1,265,761

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,265,761
Expenses per Audited Statements$1,226,350
Total Expenses per Audited Statements$1,226,350
Expenses Not Reported on Financial Statements$39,411
Other Expense Adjustments$39,411
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

The trustees are appointed by the county commissioners of each applicable county in the library's system (bertie, gates, hertford, and northhampton). The library's current board members can make recommendations on appointments, but the final decisions remains with the commissioner.

Form 990, Part VI, Section A, Line 7B

The board is the policy making board of the library's system, decisions are decided by motion and vote.

Form 990, Part VI, Section B, Line 11

The finance officer and executive director review form 990-prior to filing.

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

The policy is monitored and enforced through communication with staff and trustees as part of board meeting discussions.

Form 990, Part VI, Section B, Line 15A

The executive director's compensation was determined by an appointed committee of regional trustees in collaboration with the nc state.

Form 990, Part VI, Section C, Line 19

Documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Albemarle Regional Library
EIN
56-6001883
Phone
2523587834
Address
PO BOX 68, WINTON, NC 27986

Signing Officer

Name
Larry Warren Joyner
Title
Finance Officer
Phone
2523587834
Signed
2017-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Larry Warren Joyner
Formed
1948
Legal Domicile
Nc
Voting Board Members
12
Independent Board Members
12
Employees
17
Volunteers
25

Preparer

Firm
Blair Bohle & Whitsitt Pllc
Address
10815 SIKES PLACE SUITE 100, CHARLOTTE, NC 28277
Preparer
Wayne M Eager
Phone
7048419800
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Part x - fin 48 footnote generally accepted accounting procedures require an organization to recognize a tax benefit or expense from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The organization had no uncertain tax positions as of june 30, 2016.

Raw XML AppendixShowing 400 of 407 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/PYProgramServiceRevenueAmt067193
IRS990/PYRevenuesLessExpensesAmt0-26651
IRS990/PYSalariesCompEmpBnftPaidAmt0775126
IRS990/PYTotalExpensesAmt01265097
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01238446
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-6482
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0146799
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02131745
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02125263
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0550679
IRS990ScheduleA/GovernmentalUnitInd0X
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/EquipmentGrp/BookValueAmt0499821
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03919342
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04419163
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt039411
IRS990ScheduleD/ExpensesSubtotalAmt01226350
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0125506
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0125506
IRS990ScheduleD/OtherExpensesNotIncludedAmt039411
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01259279
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PART X - FIN 48 FOOTNOTE GENERALLY ACCEPTED ACCOUNTING PROCEDURES REQUIRE AN ORGANIZATION TO RECOGNIZE A TAX BENEFIT OR EXPENSE FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2016.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalExpensesPerForm990Amt01265761
IRS990ScheduleD/TotalRevenuePerForm990Amt01259279
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01259279
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01226350
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IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TRUSTEES ARE APPOINTED BY THE COUNTY COMMISSIONERS OF EACH APPLICABLE COUNTY IN THE LIBRARY'S SYSTEM (BERTIE, GATES, HERTFORD, AND NORTHHAMPTON). THE LIBRARY'S CURRENT BOARD MEMBERS CAN MAKE RECOMMENDATIONS ON APPOINTMENTS, BUT THE FINAL DECISIONS REMAINS WITH THE COMMISSIONER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD IS THE POLICY MAKING BOARD OF THE LIBRARY'S SYSTEM, DECISIONS ARE DECIDED BY MOTION AND VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FINANCE OFFICER AND EXECUTIVE DIRECTOR REVIEW FORM 990-PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE POLICY IS MONITORED AND ENFORCED THROUGH COMMUNICATION WITH STAFF AND TRUSTEES AS PART OF BOARD MEETING DISCUSSIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE EXECUTIVE DIRECTOR'S COMPENSATION WAS DETERMINED BY AN APPOINTED COMMITTEE OF REGIONAL TRUSTEES IN COLLABORATION WITH THE NC STATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsGrp/BOYAmt02189973
IRS990/TotalAssetsGrp/EOYAmt02186296
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01111341
IRS990/TotalEmployeeCnt017
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01265761
IRS990/TotalFunctionalExpensesGrp/TotalAmt01265761
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt058228
IRS990/TotalLiabilitiesEOYAmt061033
IRS990/TotalLiabilitiesGrp/BOYAmt058228
IRS990/TotalLiabilitiesGrp/EOYAmt061033
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02131745
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02125263
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01265761
IRS990/TotalProgramServiceRevenueAmt064154
IRS990/TotalReportableCompFromOrgAmt070000
IRS990/TotalRevenueGrp/ExclusionAmt01139
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0146799
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01259279
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt025
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02189973
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02186296
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 68
IRS990/USAddress/CityNm0WINTON
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027986
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0WWW.ARLNC.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0LARRY WARREN JOYNER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0FINANCE OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum02523587834
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ALBEMARLE REGIONAL LIBRARY
ReturnHeader/Filer/BusinessNameControlTxt0ALBE
ReturnHeader/Filer/EIN0566001883
ReturnHeader/Filer/PhoneNum02523587834
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 68
ReturnHeader/Filer/USAddress/CityNm0WINTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027986
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0562210577
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BLAIR BOHLE & WHITSITT PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010815 SIKES PLACE SUITE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHARLOTTE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028277
ReturnHeader/PreparerPersonGrp/PhoneNum07048419800

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