Civic Intelligence

Choctaw County Library Inc.

990 • Fiscal year 2020 • EIN 73-1208091

Jan 01, 2020 to Dec 31, 2020 • Filed on Feb 24, 2023

703 E Jackson StHugo, OK 74743

(580) 326-1710

Siviq Scores

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

Liabilities / Assets

15th percentile

0.00x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

15th percentile

0.00x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

2nd percentile

-182%

Higher net margin than 2% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

17th percentile

-4.1%

Faster asset growth than 17% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

67th percentile

11%

Faster revenue growth than 67% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$1,919,443

Down $81,751 (-4.1%) from 2019

Net Assets

Down

$1,919,443

Down $81,751 (-4.1%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Up

$45,801

Up $4,531 (+11%) from 2019

Expenses

Up

$129,051

Up $31,599 (+32%) from 2019

Net Income

Down

-$83,250

Down $27,068 (-48%) from 2019

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 2011: $2,558,093Liabilities 2011: $0Net Assets 2011: $2,558,0932011Assets 2012: $2,469,441Liabilities 2012: $0Net Assets 2012: $2,469,4412012Assets 2013: $2,362,718Liabilities 2013: $0Net Assets 2013: $2,362,7182013Assets 2014: $2,268,180Liabilities 2014: $0Net Assets 2014: $2,268,1802014Assets 2015: $2,198,538Liabilities 2015: $0Net Assets 2015: $2,198,5382015Assets 2016: $2,167,053Liabilities 2016: $0Net Assets 2016: $2,167,0532016Assets 2017: $2,120,018Liabilities 2017: $0Net Assets 2017: $2,120,0182017Assets 2019: $2,001,194Liabilities 2019: $0Net Assets 2019: $2,001,1942019Assets 2020: $1,919,443Liabilities 2020: $0Net Assets 2020: $1,919,4432020Assets 2021: $1,845,582Liabilities 2021: $0Net Assets 2021: $1,845,5822021Assets 2022: $1,751,319Liabilities 2022: $0Net Assets 2022: $1,751,3192022Assets 2023: $1,716,856Liabilities 2023: $0Net Assets 2023: $1,716,8562023Assets 2024: $1,675,983Liabilities 2024: $0Net Assets 2024: $1,675,9832024

Highlighted filing

2020

Assets$1,919,443
Liabilities$0
Net Assets$1,919,443

Operations Trend

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

$200K$100K$0-$100K-$200KRevenue 2011: $57,995Expenses 2011: $145,462Net Income 2011: -$87,4672011Revenue 2012: $36,798Expenses 2012: $129,200Net Income 2012: -$92,4022012Revenue 2013: $51,412Expenses 2013: $162,057Net Income 2013: -$110,6452013Revenue 2014: $46,979Expenses 2014: $142,478Net Income 2014: -$95,4992014Revenue 2015: $44,798Expenses 2015: $110,604Net Income 2015: -$65,8062015Revenue 2016: $58,551Expenses 2016: $90,036Net Income 2016: -$31,4852016Revenue 2017: $44,748Expenses 2017: $91,783Net Income 2017: -$47,0352017Revenue 2019: $41,270Expenses 2019: $97,452Net Income 2019: -$56,1822019Revenue 2020: $45,801Expenses 2020: $129,051Net Income 2020: -$83,2502020Revenue 2021: $56,925Expenses 2021: $136,294Net Income 2021: -$79,3692021Revenue 2022: $46,347Expenses 2022: $122,998Net Income 2022: -$76,6512022Revenue 2023: $69,969Expenses 2023: $115,490Net Income 2023: -$45,5212023Revenue 2024: $57,097Expenses 2024: $109,058Net Income 2024: -$51,9612024

Highlighted filing

2020

Revenue$45,801
Expenses$129,051
Net Income-$83,250
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Feb 24, 2023
Return Version
2020v4.0
Gross Receipts
$45,801
Mission and Program Overview

Mission

The organizations primary purpose is to provide and maintain the location necessary to make library services available to the city of hugo, oklahoma and surrounding area. The librarys lending services are provided and funded by the southeastern public library system of oklahoma

Provide and maintain the location necessary to make library services available to hugo and surrouding area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,345,968$1,295,852▼ $50,116
Investments in Publicly Traded Securities$70,204$76,354▲ $6,150
Cash and Non-Interest-Bearing Accounts$14,910$11,971▼ $2,939
Total Assets$2,001,194$1,919,443▼ $81,751
Other Assets Total$570,112$535,266▼ $34,846
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,666,461$1,584,710▼ $81,751
Net Assets With Donor Restrictions$334,733$334,733→ $0
Total Net Assets Fund Balance$2,001,194$1,919,443▼ $81,751
Total Liabilities and Net Assets / Fund Balance$2,001,194$1,919,443▼ $81,751

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,133,846$715,023$1,848,869
Equipment$5,006$426,734$431,740
Land$157,000-$157,000
Other Assets Org$358,625--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$443,082-▲ $12,797$18,700$437,179
2019$452,523-▲ $3,444$12,885$443,082
2018$464,169-▲ $4,832$16,478$452,523
2017$473,804-▲ $5,207$14,842$464,169
2016$479,710-▲ $6,659$12,565$473,804
Compensation and Service Providers

Board Members and Trustees

NameTitle
Brewer JohnChairman
Beach JerryVice-Chairman
Adamson MehlenMember
Brindley JoeyMember
Childers DebbMember
Finch CeciliaMember
Logan NaomiMember
Shumake LesMember
Springfield RMember
Chafin JohnSecretary
Hinds JayTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$26,879
Program Service Revenue
$0
Investment Income
$12,797
Other Revenue
$6,125
All Other Contributions
$809
Change in Net Assets
$-83,250
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$112,379
Salaries, Compensation, and Employee Benefits$16,672
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$37,616--$50,116
Occupancy$42,120--$42,120
Other Salaries and Wages$15,487--$15,487
Insurance$7,336--$7,336
Other Expenses$5,902--$5,902
Office Expenses-$4,812-$4,812
Payroll Taxes$1,185--$1,185
Fees for Services Accounting-$650-$650
Total Functional Expenses$111,089$5,462$0$129,051
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
No
Backup withholding compliance
No
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

A copy of form 990 was received by the treasurer for review and approved by selected board members prior to finalization and filing.

Form 990, Part VI, Swction C, Line 18

The library's form 990 is on file at the library and available to the public upon request.

Form 990, Part VI, Section C, Line 19

The library's governing instruments and financial statements are on file at the library and available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Choctaw County Library Inc
EIN
73-1208091
Address
703 E JACKSON ST, HUGO, OK 74743

Signing Officer

Name
Jay Hinds
Title
Treasurer
Signed
2023-02-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jay Hinds
Voting Board Members
11
Independent Board Members
11
Employees
1

Preparer

Firm
Piearcy Financial Solutions
Address
128 E Jackson St, HUGO, OK 74743
Preparer
Jeremy Cauley
Phone
5807438118
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 1

Oklahoma which provide similar services to selected communities in a seven-county area of southeastern oklahoma which have agreed to provide and maintain a suitable location.

Form 990, Part XII, Line 1

The library uses modified cash basis of accounting which recognizes revenues and expenses when paid. Property, plant, and equipment is capitalized at cost when

Acquired and Depreciated Over Its Useful Life

The library has elected to capitalize the cost of its

Collection of Sculptures and Artwork, However, Depreciation

Is not recognized under sfas no. 93 which allows exception for assets having an aesthetic of cultural value worth preserving perpetually.

Non-cash Donations Are Recorded at Their Fair Market Value

WHEN RECIEVED.

Financial Statement Notes

Collections Decriptions Part III, Line 4

The library maintains a permanent collection of sculptures a

Is Winter Headquarters for Two Different Shows and the Local

Cemetary has a section designated "showmen's rest" with the graves of a signicant number of circus performers and a number of unusual circus related headstones. The library's collection of circus sculptures, art and books has been

Designed to Both Support and Increase the Awareness of the

Citys rich circus heritage history and culture

Part V, Line 4

The organization has two endowment funds. Income from the endowment account held by the organization and invested in marketable securities may be used for the ordinary maintenance and operating expenses of the building. Income

From A Restricted Cash Account Held by the Choctaw County,

Oklahoma treasurer is available for repairs and replacements for the building and its operating systems and may be used for ordinary custodial care.

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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0157000
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1358625
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SCULPTURES AND OTHER ARTWORK
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1CASH HELD BY COUNTY TRES AND CD
IRS990ScheduleD/SolicitedAssetsSaleInd0false
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE LIBRARY MAINTAINS A PERMANENT COLLECTION OF SCULPTURES A
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1CEMETARY HAS A SECTION DESIGNATED "SHOWMEN'S REST" WITH THE GRAVES OF A SIGNICANT NUMBER OF CIRCUS PERFORMERS AND A NUMBER OF UNUSUAL CIRCUS RELATED HEADSTONES. THE LIBRARY'S COLLECTION OF CIRCUS SCULPTURES, ART AND BOOKS HAS BEEN
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2CITYS RICH CIRCUS HERITAGE HISTORY AND CULTURE
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HAS TWO ENDOWMENT FUNDS. INCOME FROM THE ENDOWMENT ACCOUNT HELD BY THE ORGANIZATION AND INVESTED IN MARKETABLE SECURITIES MAY BE USED FOR THE ORDINARY MAINTENANCE AND OPERATING EXPENSES OF THE BUILDING. INCOME
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4OKLAHOMA TREASURER IS AVAILABLE FOR REPAIRS AND REPLACEMENTS FOR THE BUILDING AND ITS OPERATING SYSTEMS AND MAY BE USED FOR ORDINARY CUSTODIAL CARE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0COLLECTIONS DECRIPTIONS PART III, LINE 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1IS WINTER HEADQUARTERS FOR TWO DIFFERENT SHOWS AND THE LOCAL
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2DESIGNED TO BOTH SUPPORT AND INCREASE THE AWARENESS OF THE
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART V, LINE 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4FROM A RESTRICTED CASH ACCOUNT HELD BY THE CHOCTAW COUNTY,
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt0535266
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OKLAHOMA WHICH PROVIDE SIMILAR SERVICES TO SELECTED COMMUNITIES IN A SEVEN-COUNTY AREA OF SOUTHEASTERN OKLAHOMA WHICH HAVE AGREED TO PROVIDE AND MAINTAIN A SUITABLE LOCATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF FORM 990 WAS RECEIVED BY THE TREASURER FOR REVIEW AND APPROVED BY SELECTED BOARD MEMBERS PRIOR TO FINALIZATION AND FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE LIBRARY'S FORM 990 IS ON FILE AT THE LIBRARY AND AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE LIBRARY'S GOVERNING INSTRUMENTS AND FINANCIAL STATEMENTS ARE ON FILE AT THE LIBRARY AND AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE LIBRARY USES MODIFIED CASH BASIS OF ACCOUNTING WHICH RECOGNIZES REVENUES AND EXPENSES WHEN PAID. PROPERTY, PLANT, AND EQUIPMENT IS CAPITALIZED AT COST WHEN
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE LIBRARY HAS ELECTED TO CAPITALIZE THE COST OF ITS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6IS NOT RECOGNIZED UNDER SFAS NO. 93 WHICH ALLOWS EXCEPTION FOR ASSETS HAVING AN AESTHETIC OF CULTURAL VALUE WORTH PRESERVING PERPETUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7WHEN RECIEVED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SWCTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5ACQUIRED AND DEPRECIATED OVER ITS USEFUL LIFE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6COLLECTION OF SCULPTURES AND ARTWORK, HOWEVER, DEPRECIATION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7NON-CASH DONATIONS ARE RECORDED AT THEIR FAIR MARKET VALUE
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IRS990/TypeOfOrganizationCorpInd0X
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0703 E JACKSON ST
IRS990/USAddress/CityNm0HUGO
IRS990/USAddress/StateAbbreviationCd0OK
IRS990/USAddress/ZIPCd074743
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Jay Hinds
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-02-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CHOCTAW COUNTY LIBRARY INC
ReturnHeader/Filer/BusinessNameControlTxt0CHOC

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