Civic Intelligence

South Hero Library Foundation Inc

990 • Fiscal year 2018 • EIN 81-1209787

Jan 01, 2018 to Dec 31, 2018 • Filed on May 29, 2019

Organization Profilesouthherolibrary.org/south-hero-library-foundation
75 South StreetSouth Hero, VT 05486

(802) 372-6209

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

Higher debt load relative to assets than 14% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

14th percentile

0.00x

Higher debt load relative to revenue than 14% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

93rd percentile

56%

Higher net margin than 93% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

98th percentile

185%

Faster asset growth than 98% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

98th percentile

463%

Faster revenue growth than 98% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets14th percentile

Assets

Up

$1,257,682

Up $816,554 (+185%) from 2017

Net Assets

Up

$1,257,676

Up $816,548 (+185%) from 2017

Liabilities

Up

$6

Up $6 from 2017

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin93rd percentile

Revenue

Up

$1,448,631

Up $1,191,402 (+463%) from 2017

Expenses

Up

$632,083

Up $527,926 (+507%) from 2017

Net Income

Up

$816,548

Up $663,476 (+433%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

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

$1.5M$1.0M$500K$0Assets 2016: $288,056Liabilities 2016: $0Net Assets 2016: $288,0562016Assets 2017: $441,128Liabilities 2017: $0Net Assets 2017: $441,1282017Assets 2018: $1,257,682Liabilities 2018: $6Net Assets 2018: $1,257,6762018Assets 2019: $314,247Liabilities 2019: $0Net Assets 2019: $314,2472019Assets 2020: $415,077Net Assets 2020: $415,0772020Assets 2021: $534,089Liabilities 2021: $0Net Assets 2021: $534,0892021Assets 2022: $593,165Liabilities 2022: $0Net Assets 2022: $593,1652022Assets 2023: $765,098Liabilities 2023: $62,577Net Assets 2023: $702,5212023Assets 2024: $898,805Liabilities 2024: $0Net Assets 2024: $898,8052024

Highlighted filing

2018

Assets$1,257,682
Liabilities$6
Net Assets$1,257,676
Open 2018 Filing

Operations Trend

Revenue Growth98th percentile

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

$2.0M$1.0M$0-$1.0MRevenue 2016: $294,569Expenses 2016: $6,513Net Income 2016: $288,0562016Revenue 2017: $257,229Expenses 2017: $104,157Net Income 2017: $153,0722017Revenue 2018: $1,448,631Expenses 2018: $632,083Net Income 2018: $816,5482018Revenue 2019: $160,726Expenses 2019: $1,104,155Net Income 2019: -$943,4292019Revenue 2020: $120,792Expenses 2020: $20,249Net Income 2020: $100,5432020Revenue 2021: $142,860Expenses 2021: $41,324Net Income 2021: $101,5362021Revenue 2022: $186,543Expenses 2022: $58,349Net Income 2022: $128,1942022Revenue 2023: $120,781Expenses 2023: $53,904Net Income 2023: $66,8772023Revenue 2024: $201,967Expenses 2024: $50,711Net Income 2024: $151,2562024

Highlighted filing

2018

Revenue$1,448,631
Expenses$632,083
Net Income$816,548
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 29, 2019
Return Version
2018v3.1
Gross Receipts
$1,459,994
Mission and Program Overview

Mission

To raise funds for and distribute said funds exclusively to the South Hero Community

To raise funds for and distribute said funds exclusively to the South Hero Community Library, the municipal library of the Town of South Hero, Vermont.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$441,128$1,257,676▲ $816,548
Savings and Temporary Cash Investments$436,575$1,256,621▲ $820,046
Cash and Non-Interest-Bearing Accounts$4,553$1,061▼ $3,492
Total Assets$441,128$1,257,682▲ $816,554
Liabilities
Other Liabilities$0$6▲ $6
Total Liabilities$0$6▲ $6
Net Assets / Fund Balance
Total Net Assets Fund Balance$441,128$1,257,676▲ $816,548
Total Liabilities and Net Assets / Fund Balance$441,128$1,257,682▲ $816,554
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Kenneth C KowalewitzPresident
Keagan CalkinsDirector
Peter ZamoreDirector
Sandy GreggSecretary
Melissa HoodTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Mkn LLCDeveloper68 Randall St, South Burlington, VT 05403$305,917
Hayward Design BuildGeneral Contractor302 Mountain View Dr 300, Colchester, VT 05446$286,223
Revenue and Support

Revenue Composition

Contributions and Grants
$1,432,402
Program Service Revenue
$0
Investment Income
$16,229
Other Revenue
$0
All Other Contributions
$242,559
Change in Net Assets
$816,548
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$605,579
Total Fundraising Expense$22,094
Professional Fundraising Fees$13,620
Other Expenses$12,884
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$605,579--$605,579
Fees for Services Professional Fundraising--$13,620$13,620
Fees for Services Other$0$0$6,289$6,289
Fees for Services Accounting$0$4,410$0$4,410
Advertising$0$0$1,688$1,688
Office Expenses$0$0$497$497
Total Functional Expenses$605,579$4,410$22,094$632,083
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
South Hero Community LibrarySouth Hero, VTGovConstruction$605,579
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$13,620
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to South Hero Library$6
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
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
Filing and Contact Details

Filer

Filer Name
South Hero Library Foundation Inc
EIN
81-1209787
Phone
8023726209
Address
75 South Street, South Hero, VT 05486

Signing Officer

Name
Melissa F Hood
Title
Treasurer
Phone
8023726209
Signed
2019-05-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Melissa F Hood
Formed
2015
Legal Domicile
Vt
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Tapia & Huckabay PC
Address
PO Box 38, Vergennes, VT 05491
Preparer
William S Huckabay CPA
Phone
8028707086
Supplemental Narrative

Additional Explanations

Pt VI, Line 4

“The number of directors was revised to include the Library Director as an ex-officio member of the Board.”

Pt VI, Line 11B

“The Treasurer reviews the tax return before it is filed.”

Pt VI, Line 12C

“Activities and engagement by Board members with Foundation business are discussed at each meeting through the lens of propriety and the Conflict of Interest Policy. These discussions are recorded in the meeting minutes.”

Pt VI, Line 19

“The Foundation makes its governing documents and financial statements available to the public on its website and in person at the South Hero Library.”

Raw XML Appendix364 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/ExplanationTxt2Activities and engagement by Board members with Foundation business are discussed at each meeting through the lens of propriety and the Conflict of Interest Policy. These discussions are recorded in the meeting minutes.
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IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01432402
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt022094
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt04410
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0605579
IRS990/TotalFunctionalExpensesGrp/TotalAmt0632083
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt06
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IRS990/TotalLiabilitiesGrp/EOYAmt06
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01257676
IRS990/TotalProgramServiceExpensesAmt0605579
IRS990/TotalRevenueGrp/ExclusionAmt016229
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01448631
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0441128
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01257682
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt075 South Street
IRS990/USAddress/CityNm0South Hero
IRS990/USAddress/StateAbbreviationCd0VT
IRS990/USAddress/ZIPCd005486
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0southherolibrary.org/south-hero-library-foundation/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Melissa F Hood
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum08023726209
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0South Hero Library Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0SOUT
ReturnHeader/Filer/EIN0811209787
ReturnHeader/Filer/PhoneNum08023726209
ReturnHeader/Filer/USAddress/AddressLine1Txt075 South Street
ReturnHeader/Filer/USAddress/CityNm0South Hero
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VT
ReturnHeader/Filer/USAddress/ZIPCd005486
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId00FC119A6BA204FB2BAA4BF52A1BB470A5A07B225
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0F5EAD35F26E8E7C6943A0EFFCB5EA88474B008A5
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt050.252.240.121
ReturnHeader/FilingSecurityInformation/IPDt02019-05-31
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm008:29:15
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Tapia & Huckabay PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 38
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Vergennes
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd005491
ReturnHeader/PreparerPersonGrp/PhoneNum08028707086
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0William S Huckabay CPA
ReturnHeader/ReturnTs02019-05-31T08:29:19-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,257,682
Liabilities
$6
Net assets
$1,257,676
Revenue
$1,448,631
Expenses
$632,083
Net income
$816,548
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.90$0.00$0.90$0.20$0.05$0.15
2023Detailed filing. Detailed filing data is available for this year.$0.77$0.06$0.70$0.12$0.05$0.07
2022Detailed filing. Detailed filing data is available for this year.$0.59$0.00$0.59$0.19$0.06$0.13
2021Detailed filing. Detailed filing data is available for this year.$0.53$0.00$0.53$0.14$0.04$0.10
2020Detailed filing. Detailed filing data is available for this year.$0.42$0.42$0.12$0.02$0.10
2019Detailed filing. Detailed filing data is available for this year.$0.31$0.00$0.31$0.16$1.10$0.94
2018Detailed filing. Detailed filing data is available for this year.$1.26$0.00$1.26$1.45$0.63$0.82
2017Detailed filing. Detailed filing data is available for this year.$0.44$0.00$0.44$0.26$0.10$0.15
2016Detailed filing. Detailed filing data is available for this year.$0.29$0.00$0.29$0.29$0.01$0.29