Libraries Online Incorporated FY2024 filing

Tax-deductible

Middletown, CT501(c)(3)EducationEIN 06-1057542

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Computer network serving member Libraries

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
$221K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2024 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $11K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$221K
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $80
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$80K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
32
of 32 voting members
Looks good: 32 of 32 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.4M
+4% vs prior year
Spent
$1.4M
To programs
70%
Net assets
$911K
By yearFY2021–FY2025
Revenue
$1.4M
FY2024▲ +4%
Revenue by fiscal year
FY2021$1.4M
FY2022$1.4M
FY2023$1.3M
FY2024$1.4M
FY2025$1.5M
Expenses
$1.4M
FY2024▲ +0.7%
Expenses by fiscal year
FY2021$1.4M
FY2022$1.4M
FY2023$1.4M
FY2024$1.4M
FY2025$1.5M
Net assets
$911K
FY2024▲ +1%
Net assets by fiscal year
FY2021$948K
FY2022$932K
FY2023$899K
FY2024$911K
FY2025$932K

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1982.

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $968K Management & general 30% · $423K

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

33 people listed on the 990; $221K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director
$111,103Pt VII · Sec A
Associate Director
$109,922Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Joseph Farara’s $112K as Executive Director is at the 40th percentile of top reported officer pay among 3394 $1–10M 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 · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Joseph Farara$111,764$111,103$110,663——
Andrew Gardner$110,360$109,922$109,922——
Farara Joseph———$106,210$105,887
Gardner Andrew———$105,299—

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 15aYes

Programs and updates

Connects member libraries to share resources and information.

Provided by the organization

This section is blank until Libraries Online Incorporated claims this page.

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1 program service account for $968K of program spending, described in the organization's own filed words · FY2023.
01

Organization is a consortium of library institutions committed to the promotion and extension of quality library resources and services through shared technology. Lion provides its members and their users with cost-effective automated services.

$968Kprogram expense

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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 · FY2020
Total grants receivedfrom 1 funder$80

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.4M
Ln 12
Gifts and grantsLn 1h$1.4M
Investment incomeLn 3$9K
Fees for servicesLn 2g$6K
Money outPt IX
$1.4M
Ln 25
Programscol B$968K
Managementcol C$423K
Owns and owesPt X
$911K
net assets · Ln 32
Cash and savingsLn 1–2$700K
Total assetsLn 16$992K
LiabilitiesLn 26$80K
PeoplePt VI, VII
33
listed · VII A
PaidVII A2
Voting boardVI 1a32
IndependentVI 1b32
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.4M
Fees for servicesLn 2g$6K
Investment incomeLn 3$9K
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
SavingsLn 2$700K
Cash and savings togetherLn 1–2$700K
Land, buildings, equipmentLn 10c$35K
Other assetsLn 15$47K
Total assetsLn 16$992K
LiabilitiesLn 26$80K
Net assetsLn 32$911K
OperationsPt I, VI
EmployeesI 57
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$664K$700K
Land, buildings, equipmentLn 10c$33K$35K
Total assetsLn 16$998K$992K
LiabilitiesLn 26$99K$80K
Net assetsLn 32$899K$911K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$221K$221K
Other salaries and wagesLn 7$390K$305K$84K
Other employee benefitsLn 9$89K$45K$45K
Payroll taxesLn 10$49K$24K$24K
Accounting feesLn 11c$21K$9K$13K
Office expensesLn 13$5K$3K$3K
Information technologyLn 14$10K$5K$5K
OccupancyLn 16$29K$14K$14K
TravelLn 17$10K$5K$5K
Depreciation, depletion and amortizationLn 22$20K$20K
InsuranceLn 23$18K$9K$9K
Other expenses (24a–d)Ln 24$529K$529K
All other expensesLn 24e−$173−$173
Total functional expensesLn 25$1.4M$968K$423K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.5M$1.5M$21K$932K 990 PDF
FY2024 Viewing $1.4M$1.4M$12K$911K 990 PDF
FY2023 $1.3M$1.4M−$33K$899K 990 PDF
FY2022 $1.4M$1.4M−$16K$932K 990 PDF
FY2021 $1.4M$1.4M$70K$948K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $1,402,862 across 4 lines filed
Lines not itemized here account for $6,379 of total revenue; see the IRS return.
VIII-1b Membership dues$1,387,734
VIII-1h Total contributions, gifts and grants$1,387,734
VIII-3 Investment incomeRelated to mission $8,749$8,749
VIII-12 Total revenueRelated to mission $15,128 · Unrelated business $0 · Excluded from tax $0$1,402,862
Part IX · Statement of functional expenses $1,390,734 across 13 lines filed
IX-5 Pay of current officers, directors and key staffManagement $221,025$221,025
IX-7 Other salaries and wagesPrograms $305,482 · Management $84,458$389,940
IX-9 Other employee benefitsPrograms $44,705 · Management $44,706$89,411
IX-10 Payroll taxesPrograms $24,313 · Management $24,313$48,626
IX-11c Accounting feesPrograms $8,753 · Management $12,507$21,260
IX-13 Office expensesPrograms $2,702 · Management $2,701$5,403
IX-14 Information technologyPrograms $4,810 · Management $4,810$9,620
IX-16 OccupancyPrograms $14,288 · Management $14,289$28,577
IX-17 TravelPrograms $5,022 · Management $5,022$10,044
IX-22 Depreciation, depletion and amortizationPrograms $20,073$20,073
IX-23 InsurancePrograms $9,090 · Management $9,090$18,180
IX-24 Other expenses (24a–d)Programs $528,748$528,748
IX-24e All other expensesPrograms −$173−$173
IX-25 Total functional expensesPrograms $967,813 · Management $422,921 · Fundraising $0$1,390,734
Part X · Balance sheet $991,768 assets, 11 lines filed
X-2 Savings and temporary cash investmentsStart of year $663,767$699,505
X-4 Accounts receivableStart of year $67,103$52,624
X-9 Prepaid expenses and deferred chargesStart of year $166,411$157,660
X-10c Land, buildings and equipment, netStart of year $33,236$35,422
X-15 Other assetsStart of year $67,465$46,557
X-16 Total assetsStart of year $997,982$991,768
X-17 Accounts payable and accrued expensesStart of year $31,437$34,238
X-25 Other liabilitiesStart of year $67,192$46,049
X-26 Total liabilitiesStart of year $98,629$80,287
X-32 Total net assets or fund balancesStart of year $899,353$911,481
X-33 Total liabilities and net assetsStart of year $997,982$991,768
Part XI · Reconciliation of net assets $911,481 net assets at year end
XI-1 Total revenue$1,402,862
XI-2 Total expenses$1,390,734
XI-3 Revenue less expenses$12,128
XI-4 Net assets at start of year$899,353
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$911,481

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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