The Licia & Mason Beekley Community Library Inc
The Licia & Mason Beekley Community Library: A Pillar of Community with Room for Financial Clarity
EIN: 222536042 · New Hartford, CT · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $463K |
| Total Expenses | $413K |
| Program Spending | 75% |
| Net Assets | $2.3M |
| Transparency Score | 85/100 |
Is The Licia & Mason Beekley Community Library Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Licia & Mason Beekley Community Library Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Licia & Mason Beekley Community Library Inc
The Licia & Mason Beekley Community Library Inc (EIN: 222536042) is a nonprofit organization based in New Hartford, CT. The organization reported total revenue of $463K and total assets of $2.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Licia & Mason Beekley Community Library Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Licia & Mason Beekley Community Library Inc is a small nonprofit that has been operating for 42 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 1.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $395K |
| Total Expenses | $413K |
| Surplus / Deficit | $-18,735 |
| Total Assets | $2.3M |
| Total Liabilities | $920 |
| Net Assets | $2.3M |
| Operating Margin | -4.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 65.5 months |
Financial Health Grade: B
In 2023, The Licia & Mason Beekley Community Library Inc reported a deficit of $19K with expenses exceeding revenue, holds 65.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), The Licia & Mason Beekley Community Library Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.8% | -5.1% | +0.7% |
| 2022 | -13.5% | +11.9% | -10.1% |
| 2021 | -22.6% | -9.4% | +14.6% |
| 2020 | +6.9% | -2.4% | +7.5% |
| 2019 | +20.9% | +3.3% | +2.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Licia & Mason Beekley Community Library Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, The Licia & Mason Beekley Community Library Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $19K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided 990-EZ filings, which is typical for smaller organizations using this form, making a specific assessment of individual salaries difficult.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of The Licia & Mason Beekley Community Library Inc's IRS 990 filings:
- Lack of detailed spending breakdown beyond broad categories in 990-EZ.
- Limited public information regarding governance and operational transparency.
- No clear executive compensation figures available in provided filings.
Strengths
The following positive indicators were identified for The Licia & Mason Beekley Community Library Inc:
- Consistent revenue generation over several years, indicating stable community support.
- Healthy asset base, with assets consistently over $2 million.
- Low liabilities, suggesting strong financial management and minimal debt.
- Consistent mission delivery as a community library.
Frequently Asked Questions about The Licia & Mason Beekley Community Library Inc
Is The Licia & Mason Beekley Community Library Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Licia & Mason Beekley Community Library Inc (EIN: 222536042) some concerns. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.
How does The Licia & Mason Beekley Community Library Inc spend its money?
The Licia & Mason Beekley Community Library Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Licia & Mason Beekley Community Library Inc tax-deductible?
The Licia & Mason Beekley Community Library Inc is registered as a tax-exempt nonprofit (EIN: 222536042). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Licia & Mason Beekley Community Library Inc's spending goes to programs?
The Licia & Mason Beekley Community Library Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is The Licia & Mason Beekley Community Library Inc located?
The Licia & Mason Beekley Community Library Inc is headquartered in New Hartford, Connecticut and files with the IRS under EIN 222536042.
How many years of IRS 990 filings does The Licia & Mason Beekley Community Library Inc have?
The Licia & Mason Beekley Community Library Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $463K in total revenue.
What does The Licia & Mason Beekley Community Library Inc do?
The Licia & Mason Beekley Community Library Inc is a nonprofit organization in the Unknown sector, located in New Hartford, Connecticut. It is classified under NTEE code Unknown.
How much revenue does The Licia & Mason Beekley Community Library Inc have?
The Licia & Mason Beekley Community Library Inc reported total revenue of $463,483. Based on 12 IRS 990 filings on record.
What are The Licia & Mason Beekley Community Library Inc's total assets?
The Licia & Mason Beekley Community Library Inc holds total assets of $2,412,117 as reported in IRS 990 filings.
Where is The Licia & Mason Beekley Community Library Inc located?
The Licia & Mason Beekley Community Library Inc is based in New Hartford, Connecticut.
What is The Licia & Mason Beekley Community Library Inc's EIN?
The Licia & Mason Beekley Community Library Inc's Employer Identification Number (EIN) is 222536042. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is The Licia & Mason Beekley Community Library Inc?
The Licia & Mason Beekley Community Library Inc is classified under NTEE code Unknown (Unknown).
Is The Licia & Mason Beekley Community Library Inc a registered 501(c)(3)?
The Licia & Mason Beekley Community Library Inc appears in IRS records (EIN: 222536042). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does The Licia & Mason Beekley Community Library Inc file IRS Form 990?
Yes, The Licia & Mason Beekley Community Library Inc has 12 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was The Licia & Mason Beekley Community Library Inc's revenue in 2023?
In the 202306 filing period, The Licia & Mason Beekley Community Library Inc reported total revenue of $394,610, total expenses of $413,345, and net assets of $2,255,225.
Is The Licia & Mason Beekley Community Library Inc's revenue growing or declining?
The Licia & Mason Beekley Community Library Inc's revenue is growing. Revenue went from $349,798 (202206) to $394,610 (202306), a +12.8% change. Based on 12 filings on record.
What is The Licia & Mason Beekley Community Library Inc's most recent 990 filing?
The most recent IRS Form 990 filing for The Licia & Mason Beekley Community Library Inc covers tax period 202306. It shows revenue of $394,610, expenses of $413,345, total assets of $2,255,225, and liabilities of $920.
How much does The Licia & Mason Beekley Community Library Inc spend on programs vs administration?
Based on IRS 990 analysis, The Licia & Mason Beekley Community Library Inc allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is The Licia & Mason Beekley Community Library Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, The Licia & Mason Beekley Community Library Inc appears trustworthy. Mission Score: 85/100 (Excellent). 3 red flags identified. 4 strengths noted.
What are the red flags for The Licia & Mason Beekley Community Library Inc?
The following concerns were identified: Lack of detailed spending breakdown beyond broad categories in 990-EZ.. Limited public information regarding governance and operational transparency.. No clear executive compensation figures available in provided filings.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are The Licia & Mason Beekley Community Library Inc's strengths?
Positive indicators for The Licia & Mason Beekley Community Library Inc include: Consistent revenue generation over several years, indicating stable community support.. Healthy asset base, with assets consistently over $2 million.. Low liabilities, suggesting strong financial management and minimal debt.. Consistent mission delivery as a community library.. These findings are derived from AI analysis of the organization's financial filings.
How does The Licia & Mason Beekley Community Library Inc compensate executives?
Executive compensation is not explicitly detailed in the provided 990-EZ filings, which is typical for smaller organizations using this form, making a specific assessment of individual salaries difficult. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is The Licia & Mason Beekley Community Library Inc?
- The organization's 990-EZ filings provide basic financial data but lack detailed programmatic breakdowns. - No specific transparency report or detailed annual report is readily available on their website or public databases. - Information regarding board meeting minutes or detailed operational policies is not publicly accessible. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
How does the library ensure its programming effectively meets evolving community needs given the general nature of its financial reporting?
While the 990-EZ shows general expenses, it doesn't detail specific program costs or outcomes. Understanding the allocation of the $394,610 in revenue (2023) towards specific initiatives would provide insight into program effectiveness and community impact.
What is the strategy for managing and growing the significant asset base of over $2.4 million, and how does it align with long-term sustainability goals?
The library consistently maintains a substantial asset base. A clear strategy for managing these assets, including investment policies and how they contribute to future operational stability and expansion, would be a valuable insight for stakeholders.
Filing History
IRS 990 filing history for The Licia & Mason Beekley Community Library Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), The Licia & Mason Beekley Community Library Inc's revenue has grown by 13.7%, moving from $347K to $395K. Total assets increased by 4.2% over the same period, from $2.2M to $2.3M. Total functional expenses rose by 13.9%, from $363K to $413K. In its most recent filing year (2023), The Licia & Mason Beekley Community Library Inc reported a deficit of $19K, with expenses exceeding revenue. The organization holds $920 in liabilities against $2.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $395K | $413K | $2.3M | $920 | — | View 990 |
| 2022 | $350K | $436K | $2.2M | $2K | — | View 990 |
| 2021 | $404K | $389K | $2.5M | $0 | — | View 990 |
| 2020 | $522K | $430K | $2.2M | $71K | — | View 990 |
| 2019 | $488K | $441K | $2.0M | $7K | — | View 990 |
| 2018 | $404K | $426K | $2.0M | $8K | — | — |
| 2017 | $374K | $423K | $2.0M | $8K | — | View 990 |
| 2016 | $331K | $408K | $2.0M | $0 | — | View 990 |
| 2015 | $385K | $407K | $2.1M | $0 | — | View 990 |
| 2014 | $384K | $415K | $2.1M | $0 | — | View 990 |
| 2013 | $375K | $368K | $2.2M | $0 | — | View 990 |
| 2012 | $347K | $363K | $2.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $395K, expenses of $413K, and assets of $2.3M (revenue +12.8% year-over-year).
- 2022: Revenue of $350K, expenses of $436K, and assets of $2.2M (revenue -13.5% year-over-year).
- 2021: Revenue of $404K, expenses of $389K, and assets of $2.5M (revenue -22.6% year-over-year).
- 2020: Revenue of $522K, expenses of $430K, and assets of $2.2M (revenue +6.9% year-over-year).
- 2019: Revenue of $488K, expenses of $441K, and assets of $2.0M (revenue +20.9% year-over-year).
- 2018: Revenue of $404K, expenses of $426K, and assets of $2.0M (revenue +8.0% year-over-year).
- 2017: Revenue of $374K, expenses of $423K, and assets of $2.0M (revenue +13.0% year-over-year).
- 2016: Revenue of $331K, expenses of $408K, and assets of $2.0M (revenue -13.9% year-over-year).
- 2015: Revenue of $385K, expenses of $407K, and assets of $2.1M (revenue +0.3% year-over-year).
- 2014: Revenue of $384K, expenses of $415K, and assets of $2.1M (revenue +2.4% year-over-year).
- 2013: Revenue of $375K, expenses of $368K, and assets of $2.2M (revenue +7.9% year-over-year).
- 2012: Revenue of $347K, expenses of $363K, and assets of $2.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Licia & Mason Beekley Community Library Inc:
Data Sources and Methodology
This transparency report for The Licia & Mason Beekley Community Library Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.