Quechee Library Association FY2023 filing

Tax-deductible

Quechee, VT501(c)(3)Since 1984EIN 03-6010391Revenue $212K in FY2023

On file with the IRSquecheelibrary.org1957 Quechee Main St, 05059-3175 · Quechee, VTTax-exempt since Nov 1972Publicly supported charity — 170(b)(1)(A)(vi)

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The Quechee Library serves as a public library and freely provides access and materials for information, lifelong learning, entertainment, and reflection, as well as programs to foster community and engagement.

501(c)(3) charity; gifts are tax-deductible.
58¢ of each $1 spent went to programs.
$57K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 4
filings with a surplus
Average surplus $9K a year · 4% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
58%
of spending
Worth a look: 58% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$57K
to officers and key staff · 27% of spending
Worth a look: pay to officers and key staff is 27% of spending; over 20%.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $16
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$716
0.1% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$212K
-3% vs prior year
Spent
$211K
To programs
58%
Net assets
$676K
By yearFY2021–FY2024
Revenue
$212K
FY2023▼ -3%
Tap a bar for its year
Revenue by fiscal year
FY2021$207K
FY2022$217K
FY2023$212K
FY2024$232K
FY2024$214K
Expenses
$211K
FY2023-0.2%
Tap a bar for its year
Expenses by fiscal year
FY2021$204K
FY2022$212K
FY2023$211K
FY2024$204K
FY2024$221K
Net assets
$676K
FY2023▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2021$667K
FY2022$689K
FY2023$676K
FY2024$711K
FY2024$657K

From the FY2023 Form 990 (year ending June 2023) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1972.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

58 cents of each dollar spent went to programs.

Program services 58% · $123K Management & general 36% · $76K Fundraising 6% · $12K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990; $57K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Library Director
$57,143Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021
Kate Schaal—$59,826$57,143$57,143$51,045
Michaela Lavelle$57,631————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers free access to books and resources for learning, enjoyment, and community connection.

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Provided by the organization

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1 program · $123K · in their own filed words · FY2022
01

Library Services

Open 58 hours per week. Collecting and Circulation of Books, DVD's, CDs, Audiobooks, technology and hobby equipment. Public Programs, including educational, children's, book discussions, music performances and outreach to community.

$123Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$16

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$212K
Ln 12
Gifts and grantsLn 1h$196K
Investment incomeLn 3$10K
Fees for servicesLn 2g$6K
Money outPt IX
$211K
Ln 25
Programscol B$123K
Managementcol C$76K
Fundraisingcol D$12K
Owns and owesPt X
$676K
net assets · Ln 32
Cash and savingsLn 1–2$60K
Total assetsLn 16$677K
LiabilitiesLn 26$716
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$196K
Government grantsLn 1e$185K
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$6K
Investment incomeLn 3$10K
Total revenueLn 12$212K
Assets in detailPt X, end of year
CashLn 1$93
SavingsLn 2$60K
Cash and savings togetherLn 1–2$60K
InvestmentsLn 11–13$181K
Land, buildings, equipmentLn 10c$435K
Other assetsLn 15$0
Total assetsLn 16$677K
LiabilitiesLn 26$716
Net assetsLn 32$676K
OperationsPt I, VI
EmployeesI 54
VolunteersI 615
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$95K$60K
InvestmentsLn 11–13$185K$181K
Land, buildings, equipmentLn 10c$411K$435K
Total assetsLn 16$691K$677K
LiabilitiesLn 26$2K$716
Net assetsLn 32$689K$676K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$60K$35K$20K$6K
Pay of disqualified personsLn 6$56K$37K$17K$3K
Payroll taxesLn 10$9K$5K$3K$676
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$1K$952$437
Information technologyLn 14$6K$4K$2K
OccupancyLn 16$23K$12K$12K
TravelLn 17$0
Conferences, conventions and meetingsLn 19$237$237
Depreciation, depletion and amortizationLn 22$22K$22K
Other expenses (24a–d)Ln 24$30K$28K$0$3K
All other expensesLn 24e$50$50$0$0
Total functional expensesLn 25$211K$123K$76K$12K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $232K$204K$28K$711K 990 PDF
FY2023 Viewing $212K$211K$60$676K 990 PDF
FY2022 $217K$212K$5K$689K 990 PDF
FY2021 $207K$204K$3K$667K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $211,536 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $204,803$196,103
I-9 Program service revenuePrior year $0$5,637
I-10 Investment incomePrior year $5,738$9,796
I-11 Other revenuePrior year $6,621$0
I-12 Total revenuePrior year $217,162$211,536
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $118,797$125,525
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $93,049$85,951
I-18 Total expensesPrior year $211,846$211,476
I-19 Revenue less expensesPrior year $5,316$60
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $211,536 across 12 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$170
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$184,852
VIII-1f All other contributions, gifts and grants$11,081
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$196,103
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,637 · Unrelated business $0 · Excluded from tax $0$5,637
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $9,796 · Excluded from tax $0$9,796
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $5,637 · Unrelated business $9,796 · Excluded from tax $0$211,536
Part IX · Statement of functional expenses $211,476 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $34,774 · Management $19,646 · Fundraising $6,046$60,466
IX-6 Pay of disqualified personsPrograms $36,508 · Management $16,849 · Fundraising $2,808$56,165
IX-10 Payroll taxesPrograms $5,435 · Management $2,783 · Fundraising $676$8,894
IX-12 Advertising and promotionPrograms $2,605$2,605
IX-13 Office expensesPrograms $952 · Management $437$1,389
IX-14 Information technologyPrograms $3,694 · Management $2,429$6,123
IX-16 OccupancyPrograms $11,615 · Management $11,616$23,231
IX-17 Travel$0
IX-19 Conferences, conventions and meetingsManagement $237$237
IX-22 Depreciation, depletion and amortizationManagement $22,246$22,246
IX-24 Other expenses (24a–d)Programs $27,538 · Management $0 · Fundraising $2,532$30,070
IX-24e All other expensesPrograms $50 · Management $0 · Fundraising $0$50
IX-25 Total functional expensesPrograms $123,171 · Management $76,243 · Fundraising $12,062$211,476
Part X · Balance sheet $676,604 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $5,223$93
X-2 Savings and temporary cash investmentsStart of year $90,088$59,593
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $410,777$435,456
X-11 Publicly traded securitiesStart of year $184,614$181,462
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $690,702$676,604
X-17 Accounts payable and accrued expensesStart of year −$493−$1,754
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $2,278$2,470
X-26 Total liabilitiesStart of year $1,785$716
X-27 Net assets without donor restrictionsStart of year $688,917$675,888
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $688,917$675,888
X-33 Total liabilities and net assetsStart of year $690,702$676,604
Part XI · Reconciliation of net assets $675,888 net assets at year end
XI-1 Total revenue$211,536
XI-2 Total expenses$211,476
XI-3 Revenue less expenses$60
XI-4 Net assets at start of year$688,917
XI-5 Net unrealized gains (losses) on investments−$13,389
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$300
XI-8 Prior period adjustments$0
XI-10 Net assets at end of year$675,888

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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