Civic Intelligence

Coldspring Area Public Library Inc.

990 • Fiscal year 2022 • EIN 76-0150266

Jan 01, 2022 to Dec 31, 2022 • Filed on Apr 18, 2023

PO Box 1756Coldspring, TX 77331

(936) 653-3104

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

5th percentile

-152%

Higher net margin than 5% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

90th percentile

$39,776

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 73.1% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

21st percentile

-22%

Faster asset growth than 21% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

27th percentile

-15%

Faster revenue growth than 27% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$452,292

Down $124,323 (-22%) from 2021

Net Assets

Down

$452,292

Down $123,595 (-21%) from 2021

Liabilities

Down

$0

Down $728 (-100%) from 2021

Revenue

Down

$54,409

Down $9,972 (-15%) from 2021

Expenses

Up

$137,378

Up $71,019 (+107%) from 2021

Net Income

Down

-$82,969

Down $80,991 (-4095%) from 2021

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $671,392Liabilities 2011: $0Net Assets 2011: $671,3922011Assets 2012: $674,963Liabilities 2012: $0Net Assets 2012: $674,9632012Assets 2013: $497,301Liabilities 2013: $0Net Assets 2013: $497,3012013Assets 2014: $495,974Liabilities 2014: $0Net Assets 2014: $495,9742014Assets 2015: $497,449Liabilities 2015: $0Net Assets 2015: $497,4492015Assets 2016: $542,685Liabilities 2016: $0Net Assets 2016: $542,6852016Assets 2017: $534,461Liabilities 2017: $0Net Assets 2017: $534,4612017Assets 2018: $521,840Liabilities 2018: $0Net Assets 2018: $521,8402018Assets 2019: $527,290Liabilities 2019: $0Net Assets 2019: $527,2902019Assets 2021: $576,615Liabilities 2021: $728Net Assets 2021: $575,8872021Assets 2022: $452,292Liabilities 2022: $0Net Assets 2022: $452,2922022Assets 2023: $433,746Liabilities 2023: $0Net Assets 2023: $433,7462023

Highlighted filing

2022

Assets$452,292
Liabilities$0
Net Assets$452,292

Operations Trend

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

$200K$100K$0-$100KRevenue 2011: $54,367Expenses 2011: $53,741Net Income 2011: $6262011Revenue 2012: $55,168Expenses 2012: $51,597Net Income 2012: $3,5712012Revenue 2013: $46,604Expenses 2013: $66,238Net Income 2013: -$19,6342013Revenue 2014: $60,770Expenses 2014: $62,097Net Income 2014: -$1,3272014Revenue 2015: $64,374Expenses 2015: $62,899Net Income 2015: $1,4752015Revenue 2016: $104,663Expenses 2016: $63,427Net Income 2016: $41,2362016Revenue 2017: $55,658Expenses 2017: $66,382Net Income 2017: -$10,7242017Revenue 2018: $51,871Expenses 2018: $66,591Net Income 2018: -$14,7202018Revenue 2019: $56,607Expenses 2019: $48,998Net Income 2019: $7,6092019Revenue 2021: $64,381Expenses 2021: $66,359Net Income 2021: -$1,9782021Revenue 2022: $54,409Expenses 2022: $137,378Net Income 2022: -$82,9692022Revenue 2023: $74,355Expenses 2023: $78,706Net Income 2023: -$4,3512023

Highlighted filing

2022

Revenue$54,409
Expenses$137,378
Net Income-$82,969
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Apr 18, 2023
Return Version
2022v5.0
Gross Receipts
$54,409
Mission and Program Overview

Mission

To offer library services to the Coldspring area, providing access to information in many formats, while promoting knowledge, education, lifelong learning and recreational enrichment for our patrons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pd in Cap Srpls Land Bldg Eqp Fund$484,359$375,813▼ $108,546
Inventories for Sale or Use$352,546$297,435▼ $55,111
Land, Buildings, and Equipment, Net$133,810$78,378▼ $55,432
Cap Stk Tr Prin Current Funds$91,528$76,479▼ $15,049
Savings and Temporary Cash Investments$50,589$50,665▲ $76
Cash and Non-Interest-Bearing Accounts$39,669$25,814▼ $13,855
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$576,615$452,292▼ $124,323
Other Assets Total$1$0▼ $1
Liabilities
Accounts Payable and Accrued Expenses$728$0▼ $728
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0--
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$728$0▼ $728
Net Assets / Fund Balance
Total Net Assets Fund Balance$575,887$452,292▼ $123,595
Total Liabilities and Net Assets / Fund Balance$576,615$452,292▼ $124,323

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$50,021$158,160$208,181
Other Land Buildings$28,356$68,989$97,345
Equipment$1$37,647$37,648
Land$0-$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joy DeRaimoHead LibrarianPT$19,888$19,888$39,776
Shawna HolmanAssistant LibrarianPT$9,763$9,763$19,526
Barbara PonterAssistant LibrarianPT$7,290$7,290$14,580

Board Members and Trustees

NameTitle
Leslye McGrathPresident
Marsha BrownVice President
Cheryl GoldenDirector
Jerry JonesDirector
Kathryn HallDirector
Kristy DaigleDirector
Linda WinkelmanDirector
Manette FarberDirector
Michelle TorresDirector
Sue JacksonDirector
Kay CapersSecretary
Jan Brown-ToronjoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$48,296
Program Service Revenue
$5,835
Investment Income
$278
Other Revenue
$0
All Other Contributions
$31,006
Change in Net Assets
$-82,969
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$97,611
Salaries, Compensation, and Employee Benefits$39,767
Total Fundraising Expense$3,979
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion-$68,381$0$68,381
Current Officers, Directors, Trustees, and Key Employees$7,954$7,955$3,979$19,888
Other Salaries and Wages$11,937$5,116$0$17,053
Occupancy-$8,685$0$8,685
Information Technology$641$5,262$0$5,903
Insurance$0$5,398$0$5,398
Payroll Taxes$0$2,826$0$2,826
Conferences and Meetings$0$1,967$0$1,967
Office Expenses$644$1,257$0$1,901
Fees for Services Other$0$1,512$0$1,512
Fees for Services Accounting$0$462$0$462
Other Expenses$0$327$0$327
Advertising$0$114$0$114
Total Functional Expenses$24,037$109,362$3,979$137,378
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Mail Solicitation$6,665$6,665$278$6,387
Annual Garage Sale$6,245$6,245$631$5,614
Total Events$12,910$12,910$909$12,001
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

The Board had no committees in 2022

Form 990, Part VI, Section B, Line 11B

Made available to the Board, Employees, Volunteers and public upon request

Form 990, Part VI, Section C, Line 19

At the library for viewing upon request

Filing and Contact Details

Filer

Filer Name
Coldspring Area Public Library Inc
EIN
76-0150266
Phone
9366533104
Address
PO Box 1756, Coldspring, TX 77331

Signing Officer

Name
Cheryl Golden
Title
Treasurer
Phone
9369332993
Signed
2023-04-18

Organization Details

Principal Officer
Leslye McGrath
Formed
1985
Legal Domicile
TX
Voting Board Members
12
Independent Board Members
12
Employees
3
Volunteers
10
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 22

This was the first year a full review has been done all inventories for use or sale. This is function that will be done annually now that we have everything logged digitally. We have depleted $55,111 from the previous years value.

Form 990, Part XI, Line 4

The value on this line from the 2021 return is not correct. The accountant we hired to complete 2019,2020, and 2021 did not include depreciation for these 3 years. Amended returns for these 3 years will be submitted before the end of 2023.

Form 990, Part XI, Line 9

Currently in the process of an internal audit, initial findings are showing that the 2019,2020, and 2021 submissions have some inaccuracies regarding asset values and depreciation. Specifically the accountant that we hired to complete these 3 years, failed to include our annual depreciation. Additionally, this is the first year that we completed a thorough review of our inventories for sale or use, which resulted in large depletion value.

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