Civic Intelligence

Southern Oklahoma Library System Incorporated

990 • Fiscal year 2020 • EIN 73-6083654

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 10, 2020

601 Railway ExpressArdmore, OK 73401

(580) 223-3164

Siviq Scores

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

Liabilities / Assets

46th percentile

0.08x

Higher debt load relative to assets than 46% of similar nonprofits.

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

Liabilities / Revenue

46th percentile

0.11x

Higher debt load relative to revenue than 46% of similar nonprofits.

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

Net Margin

65th percentile

14%

Higher net margin than 65% 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

72nd percentile

20%

Faster asset growth than 72% of similar nonprofits.

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

Revenue Growth

54th percentile

3.0%

Faster revenue growth than 54% of similar nonprofits.

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

Assets

Up

$2,881,924

Up $484,862 (+20%) from 2019

Net Assets

Up

$2,657,887

Up $275,614 (+12%) from 2019

Liabilities

Up

$224,037

Up $209,248 (+1415%) from 2019

Revenue

Up

$1,991,985

Up $57,620 (+3.0%) from 2019

Expenses

Down

$1,716,370

Down $92,922 (-5.1%) from 2019

Net Income

Up

$275,615

Up $150,542 (+120%) from 2019

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0-$5.0MAssets 2014: $1,713,228Liabilities 2014: $14,947Net Assets 2014: $1,698,2812014Assets 2015: $1,816,313Liabilities 2015: $17,740Net Assets 2015: $1,798,5732015Assets 2018: $2,272,250Liabilities 2018: $15,049Net Assets 2018: $2,257,2012018Assets 2019: $2,397,062Liabilities 2019: $14,789Net Assets 2019: $2,382,2732019Assets 2020: $2,881,924Liabilities 2020: $224,037Net Assets 2020: $2,657,8872020Assets 2021: $3,542,696Liabilities 2021: -$2,006Net Assets 2021: $3,544,7022021Assets 2022: $4,501,303Liabilities 2022: -$6,712Net Assets 2022: $4,508,0152022Assets 2023: $5,849,954Liabilities 2023: $3,742Net Assets 2023: $5,846,2122023Assets 2024: $7,631,121Liabilities 2024: -$8,233Net Assets 2024: $7,639,3542024Assets 2025: $8,977,834Liabilities 2025: -$6,759Net Assets 2025: $8,984,5932025

Highlighted filing

2020

Assets$2,881,924
Liabilities$224,037
Net Assets$2,657,887

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0Revenue 2014: $1,573,748Expenses 2014: $1,542,154Net Income 2014: $31,5942014Revenue 2015: $1,698,152Expenses 2015: $1,587,420Net Income 2015: $110,7322015Revenue 2018: $1,856,673Expenses 2018: $1,758,907Net Income 2018: $97,7662018Revenue 2019: $1,934,365Expenses 2019: $1,809,292Net Income 2019: $125,0732019Revenue 2020: $1,991,985Expenses 2020: $1,716,370Net Income 2020: $275,6152020Revenue 2021: $2,473,658Expenses 2021: $1,586,845Net Income 2021: $886,8132021Revenue 2022: $2,637,945Expenses 2022: $1,674,632Net Income 2022: $963,3132022Revenue 2023: $3,112,946Expenses 2023: $1,774,749Net Income 2023: $1,338,1972023Revenue 2024: $3,578,111Expenses 2024: $1,784,969Net Income 2024: $1,793,1422024Revenue 2025: $3,265,901Expenses 2025: $1,920,662Net Income 2025: $1,345,2392025

Highlighted filing

2020

Revenue$1,991,985
Expenses$1,716,370
Net Income$275,615
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 10, 2020
Return Version
2019v5.0
Gross Receipts
$2,013,994
Mission and Program Overview

Mission

To provide free, open and equal access to informational, educational, cultural, and recreational materials and services to all members of the community.

The southern oklahoma library system strengthens communities by providing easy access to information, inspiring curiosity, empowering the mind and expanding opportunities to advance quality of life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,361,760$1,901,893▲ $540,133
Land, Buildings, and Equipment, Net$1,025,010$971,870▼ $53,140
Cash and Non-Interest-Bearing Accounts$10,291$8,161▼ $2,130
Total Assets$2,397,061$2,881,924▲ $484,863
Liabilities
Unsecured Notes Loans Payable-$207,635-
Accounts Payable and Accrued Expenses$14,789$16,402▲ $1,613
Total Liabilities$14,789$224,037▲ $209,248
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,382,272$2,642,119▲ $259,847
Net Assets With Donor Restrictions-$15,768-
Total Net Assets Fund Balance$2,382,272$2,657,887▲ $275,615
Total Liabilities and Net Assets / Fund Balance$2,397,061$2,881,924▲ $484,863

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$524,591$458,413$983,004
Other Land Buildings$233,938$577,666$811,604
Equipment$47,341$147,725$195,066
Land$166,000-$166,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Heath FosterChairman of
Janice PriceVice-chairma
Bob WillisTrustee
Corie DelashawTrustee
Gary FaraboughTrustee
Jamie GuthrieTrustee
Janet CarterTrustee
Jared WilsonTrustee
Katie SparksTrustee
Novice BoydTrustee
Rex MorrellTrustee
Ron JacobsTrustee
Tara HuddlestonTrustee
Vonda MillerTrustee
Gail OehlerSecretary/di
Revenue and Support

Revenue Composition

Contributions and Grants
$1,965,736
Program Service Revenue
$31,057
Investment Income
$-10,903
Other Revenue
$6,095
All Other Contributions
$75,383
Change in Net Assets
$275,615

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,991,985
Total Revenue per Audited Statements
$1,991,985
Total Revenue per Form 990
$1,991,985
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,179,438
Other Expenses$536,932
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$753,511$169,194-$922,705
Information Technology$155,241$4,768-$160,009
Depreciation Depletion$153,164--$153,164
Other Employee Benefits$104,184$23,393-$127,577
Payroll Taxes$61,057$13,314-$74,371
Pension Plan Contributions$43,127$11,658-$54,785
Occupancy$33,519--$33,519
Insurance$17,522$2,736-$20,258
Office Expenses$19,402--$19,402
Fees for Services Accounting-$10,250-$10,250
Conferences and Meetings$4,112$6,042-$10,154
Other Expenses$8,392--$8,392
Travel$2,822$5,267-$8,089
Advertising$2,969--$2,969
Fees for Services Legal-$139-$139
Total Functional Expenses$1,469,609$246,761$0$1,716,370

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,716,370
Total Expenses per Audited Statements$1,716,370
Total Expenses per Form 990$1,716,370
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
Audit committee
Yes
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

Copies are circulated among members of the board

Form 990, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 12C

Annual review of statements of conflict of interest.

Form 990, Page 6, Part VI, Line 19

Financial documents are made available at no charge to public upon request in the main library headquarters. Copies are available for a nominal reproduction charge.

Filing and Contact Details

Filer

Filer Name
Southern Oklahoma Library System
EIN
73-6083654
Phone
5802233164
Address
601 RAILWAY EXPRESS, ARDMORE, OK 73401

Signing Officer

Name
Gail Oehler
Title
Secretary/director
Phone
5802233164
Signed
2020-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Heath Foster
Formed
1960
Legal Domicile
Ok
Voting Board Members
14
Independent Board Members
14
Employees
24
Volunteers
2

Preparer

Firm
Jackson Fox and Richardson Pc
Address
129 C ST NW, ARDMORE, OK 73401
Preparer
Kathy a Fox
Phone
5802231877
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

Local unskilled volunteers

Form 990, Part III

Reading and literacy programs, lecture series and computer education

Form 990, Page 2, Part III, Line 4D

Reading and literacy programs, lecture series and computer education

Form 990, Part XII

PROCESS HAS NOT CHANGED

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IRS990/OtherExpensesGrp/Desc2MISC
IRS990/OtherExpensesGrp/Desc3REPAIRS & MAINT
IRS990/OtherExpensesGrp/ProgramServicesAmt050395
IRS990/OtherExpensesGrp/ProgramServicesAmt130841
IRS990/OtherExpensesGrp/ProgramServicesAmt229351
IRS990/OtherExpensesGrp/ProgramServicesAmt38392
IRS990/OtherExpensesGrp/TotalAmt050395
IRS990/OtherExpensesGrp/TotalAmt130841
IRS990/OtherExpensesGrp/TotalAmt229351
IRS990/OtherExpensesGrp/TotalAmt38392
IRS990/OtherRevenueMiscGrp/Desc0ROYALTY
IRS990/OtherRevenueMiscGrp/ExclusionAmt06095
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt06095
IRS990/OtherRevenueTotalAmt06095
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0169194
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0753511
IRS990/OtherSalariesAndWagesGrp/TotalAmt0922705
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt013314
IRS990/PayrollTaxesGrp/ProgramServicesAmt061057
IRS990/PayrollTaxesGrp/TotalAmt074371
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt011658
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt043127
IRS990/PensionPlanContributionsGrp/TotalAmt054785
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0HEATH FOSTER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0LIBRARY SERVICES
IRS990/ProgramServiceRevenueGrp/ExclusionAmt031057
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt031057
IRS990/ProgSrvcAccomActy2Grp/Desc0CIRCULATION OF MATERIALS, USE OF PUBLIC ACCESS COMPUTERS, IN-HOUSE USE OF MATERIALS (NEWSPAPERS, REFERENCE BOOKS, PERIODICALS, MICROFILM, ETC.) PROGRAM ATTENDANCE AND REFERENCE QUESTIONS
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0115755
IRS990/ProgSrvcAccomActy3Grp/Desc0UPGRADES TO TECHNOLOGY HAVE ENABLED LIBRARY PATRONS TO REVIEW OUR COLLECTIONS ON THE INTERNET, RENEW MATERIALS AND PLACE REQUESTS FROM HOME. ALL CITIZENS WITHIN THE REGION BENEFIT FROM THE UPGRADES.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0266253
IRS990/ProgSrvcAccomActyOtherGrp/Desc0READING AND LITERACY PROGRAMS, LECTURE SERIES AND COMPUTER EDUCATION
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt01085813
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt025528
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01897082
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt04985
IRS990/PYOtherExpensesAmt0599234
IRS990/PYOtherRevenueAmt09653
IRS990/PYProgramServiceRevenueAmt022645
IRS990/PYRevenuesLessExpensesAmt0125073
IRS990/PYSalariesCompEmpBnftPaidAmt01210058
IRS990/PYTotalExpensesAmt01809292
IRS990/PYTotalRevenueAmt01934365
IRS990/ReconcilationRevenueExpnssAmt0275615
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt016710
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01361760
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01901893
IRS990ScheduleA/GovernmentalUnitInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0524591
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0458413
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0983004
IRS990ScheduleD/EquipmentGrp/BookValueAmt047341
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0147725
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0195066
IRS990ScheduleD/ExpensesSubtotalAmt01716370
IRS990ScheduleD/LandGrp/BookValueAmt0166000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0166000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0233938
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0577666
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0811604
IRS990ScheduleD/RevenueSubtotalAmt01991985
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0971870
IRS990ScheduleD/TotalExpensesPerForm990Amt01716370
IRS990ScheduleD/TotalRevenuePerForm990Amt01991985
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01991985
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01716370
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LOCAL UNSKILLED VOLUNTEERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1READING AND LITERACY PROGRAMS, LECTURE SERIES AND COMPUTER EDUCATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2READING AND LITERACY PROGRAMS, LECTURE SERIES AND COMPUTER EDUCATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COPIES ARE CIRCULATED AMONG MEMBERS OF THE BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ANNUAL REVIEW OF STATEMENTS OF CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FINANCIAL DOCUMENTS ARE MADE AVAILABLE AT NO CHARGE TO PUBLIC UPON REQUEST IN THE MAIN LIBRARY HEADQUARTERS. COPIES ARE AVAILABLE FOR A NOMINAL REPRODUCTION CHARGE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7PROCESS HAS NOT CHANGED
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XII
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02397061
IRS990/TotalAssetsEOYAmt02881924
IRS990/TotalAssetsGrp/BOYAmt02397061
IRS990/TotalAssetsGrp/EOYAmt02881924
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01965736
IRS990/TotalEmployeeCnt024
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0246761
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01469609
IRS990/TotalFunctionalExpensesGrp/TotalAmt01716370
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt014789
IRS990/TotalLiabilitiesEOYAmt0224037
IRS990/TotalLiabilitiesGrp/BOYAmt014789
IRS990/TotalLiabilitiesGrp/EOYAmt0224037
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02382272
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02657887
IRS990/TotalOtherProgSrvcExpenseAmt01085813
IRS990/TotalOtherProgSrvcRevenueAmt025528
IRS990/TotalProgramServiceExpensesAmt01469609
IRS990/TotalProgramServiceRevenueAmt031057
IRS990/TotalRevenueGrp/ExclusionAmt047833
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-21584
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01991985
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02397061
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02881924
IRS990/TravelGrp/ManagementAndGeneralAmt05267
IRS990/TravelGrp/ProgramServicesAmt02822
IRS990/TravelGrp/TotalAmt08089
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0207635
IRS990/VotingMembersGoverningBodyCnt014
IRS990/VotingMembersIndependentCnt014
IRS990/WebsiteAddressTxt0WWW.SOUTHERNOKLIBRARYSYSTEM.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0GAIL OEHLER

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