Clark Memorial Library FY2023 filing

Tax-deductible

Carolina, RI501(c)(3)Since 1995EducationEIN 05-6011438Revenue $188K in FY2023

On file with the IRSclarklib.orgPo Box 190, 02812-0190 · Carolina, RITax-exempt since Aug 1978Publicly supported charity — 170(b)(1)(A)(vi)

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Library Services

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
$41K 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 5
filings with a surplus
Average surplus $21K a year · 10% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$41K
to officers and key staff · 21% of spending
Worth a look: pay to officers and key staff is 21% of spending; over 20%.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $26K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3K
0.6% of total assets
Looks good: liabilities are 1% 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
$188K
-2% vs prior year
Spent
$197K
To programs
74%
Net assets
$545K
By yearFY2020–FY2024
Revenue
$188K
FY2023▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2020$220K
FY2021$180K
FY2022$192K
FY2023$188K
FY2024$241K
FY2024$198K
Expenses
$197K
FY2023▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$174K
FY2021$169K
FY2022$191K
FY2023$197K
FY2024$187K
FY2024$202K
Net assets
$545K
FY2023▲ +0.9%
Tap a bar for its year
Net assets by fiscal year
FY2020$504K
FY2021$581K
FY2022$541K
FY2023$545K
FY2024$577K
FY2024$600K

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

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1978.

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

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $146K Management & general 25% · $50K Fundraising 0% · $741

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; $41K 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
$40,821Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Lynn Thompson’s $39K as Director is at the 30th percentile of top reported officer pay among 1612 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Lynn Thompson$39,332$40,280$40,821$38,207$36,738$36,367

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.

See Clark Memorial Library executive salaries →

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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 15aYes

Programs and updates

Clark Memorial Library is an education nonprofit based in Carolina, RI, formed in 1995.

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Provided by the organization

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1 program · $146K · in their own filed words · FY2022
01

To provide library services to the community and meeting rooms for residents of the Town of Richmond, Rhode Island.

$146Kprogram 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 · FY2025
Total grants receivedfrom 1 funder$26K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$188K
Ln 12
Gifts and grantsLn 1h$182K
Other incomeLn 4–11$3K
Investment incomeLn 3$2K
Money outPt IX
$197K
Ln 25
Programscol B$146K
Managementcol C$50K
Fundraisingcol D$741
Owns and owesPt X
$545K
net assets · Ln 32
Cash and savingsLn 1–2$61K
Total assetsLn 16$549K
LiabilitiesLn 26$3K
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$182K
Government grantsLn 1e$136K
Fees for servicesLn 2g$1K
Investment incomeLn 3$2K
Other incomeLn 4–11$3K
Gains on assetsLn 7−$9K
Total revenueLn 12$188K
Assets in detailPt X, end of year
CashLn 1$61K
SavingsLn 2$0
Cash and savings togetherLn 1–2$61K
InvestmentsLn 11–13$324K
Land, buildings, equipmentLn 10c$136K
Other assetsLn 15$27K
Total assetsLn 16$549K
LiabilitiesLn 26$3K
Net assetsLn 32$545K
OperationsPt I, VI
EmployeesI 58
VolunteersI 63
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$41K$61K
InvestmentsLn 11–13$311K$324K
Land, buildings, equipmentLn 10c$141K$136K
Total assetsLn 16$546K$549K
LiabilitiesLn 26$5K$3K
Net assetsLn 32$541K$545K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$91K$51K$40K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$8K$5K$4K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$1K$1K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$4K$4K
Other fees for servicesLn 11g$2K$1K$1K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$23K$23K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$17K$17K
InsuranceLn 23$3K$3K$134
Other expenses (24a–d)Ln 24$45K$45K
All other expensesLn 24e$168−$573$741
Total functional expensesLn 25$197K$146K$50K$741

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $241K$187K$54K$577K 990 PDF
FY2023 Viewing $188K$197K−$9K$545K 990 PDF
FY2022 $192K$191K$2K$541K 990 PDF
FY2021 $180K$169K$12K$581K 990 PDF
FY2020 $220K$174K$46K$504K 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 $187,786 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $176,098$181,852
I-9 Program service revenuePrior year $1,166$1,206
I-10 Investment incomePrior year $12,629$1,557
I-11 Other revenuePrior year $2,315$3,171
I-12 Total revenuePrior year $192,208$187,786
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $99,503$98,936
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $91,092$97,812
I-18 Total expensesPrior year $190,595$196,748
I-19 Revenue less expensesPrior year $1,613−$8,962
Part VI · Governance 7 of 7 board members independent, 3 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-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $187,786 across 10 lines filed
Lines not itemized here account for $3,171 of total revenue; see the IRS return.
VIII-1e Government grants$136,024
VIII-1f All other contributions, gifts and grants$45,828
VIII-1h Total contributions, gifts and grants$181,852
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,206$1,206
VIII-3 Investment incomeRelated to mission $11,032$11,032
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsRelated to mission −$9,475−$9,475
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $2,763 · Excluded from tax $3,171$187,786
Part IX · Statement of functional expenses $196,748 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $51,257 · Management $39,610$90,867
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $4,552 · Management $3,517$8,069
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $1,375$1,375
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management feesManagement $3,887$3,887
IX-11g Other fees for servicesPrograms $1,330 · Management $1,028$2,358
IX-12 Advertising and promotionPrograms $1,944$1,944
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $22,586$22,586
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $16,885$16,885
IX-23 InsurancePrograms $3,299 · Management $134$3,433
IX-24 Other expenses (24a–d)Programs $45,176$45,176
IX-24e All other expensesPrograms −$573 · Fundraising $741$168
IX-25 Total functional expensesPrograms $146,456 · Management $49,551 · Fundraising $741$196,748
Part X · Balance sheet $548,660 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $40,719$60,869
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivableStart of year $25,000$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $568$727
X-10c Land, buildings and equipment, netStart of year $141,483$135,746
X-11 Publicly traded securitiesStart of year $311,294$323,837
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $26,602$27,481
X-16 Total assetsStart of year $545,666$548,660
X-17 Accounts payable and accrued expensesStart of year $5,142$3,207
X-26 Total liabilitiesStart of year $5,142$3,207
X-27 Net assets without donor restrictionsStart of year $540,524$545,453
X-32 Total net assets or fund balancesStart of year $540,524$545,453
X-33 Total liabilities and net assetsStart of year $545,666$548,660
Part XI · Reconciliation of net assets $545,453 net assets at year end
XI-1 Total revenue$187,786
XI-2 Total expenses$196,748
XI-3 Revenue less expenses−$8,962
XI-4 Net assets at start of year$540,524
XI-5 Net unrealized gains (losses) on investments$13,891
XI-10 Net assets at end of year$545,453

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

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