Wallingford Public Library Assoc

Our Doors Open to Endless Possibilities

Wallingford, CT | https://www.wallingfordlibrary.org

GuideStar Charity Check

EIN: 06-0653534

Contributions tax deductible
as of November 2023

IRS BMF 509(a)(1)
as of November 13, 2023

View summary

Charity Check report

Mission

To connect people with ideas, experiences, and with each other to inspire, enrich, and inform.

Ruling year info

1950

Library Director

Sunnie Scarpa

Main address

200 N Main St

Wallingford, CT 06492-3728 USA

Show more contact info

EIN

06-0653534

Subject area info

Libraries

Population served info

Children and youth

Adults

Families

NTEE code info

Libraries, Library Science (B70)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Show Forms 990

Communication

Blog

Programs and results

Reports and documents

What we aim to solve

This profile needs more info.

If it is your nonprofit, add a problem overview.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Services for Children

The Children’s Department serves children from birth through fifth grade, as well as their parents and teachers. We offer resources and programming to encourage literacy, inspire creativity, and instill a lifelong love of learning.

We have weekly story times for babies, toddlers, and preschoolers. We also offer monthly programs for school age children and host many exciting one-time events, including craft programs, author visits, music programs, and many more!

Population(s) Served

Children and youth

Infants and toddlers

Teen Services

The Wallingford Library Teen Area is specially designed for teens in grades 6-12. We offer a great collection of fiction, graphic novels, manga, and magazines. Enjoy free wi-fi, a device charging station, and 11 teen computers. Check the online calendar for a listing of programs for teens.

Population(s) Served

Adolescents

Adult Services

The Wallingford Public Library, a center for lifelong learning, offers a wide range of materials to borrow and public programs for people of all ages and backgrounds.

Population(s) Served

Adults

Families

Collaboratory

The Collaboratory is our 2,400-square-foot makerspace, digital media lab, and coworking space in the Main Library. It contains a wide variety of state-of-the-art technology as well as traditional handcrafting tools. The Collaboratory is divided into two areas. The main space contains computers, work tables, a horseshoe booth with a projection and collaboration system, and a popup photography/video studio. The smaller room, which we’ve named the Vault, houses the equipment that requires staff supervision. We provide individual instruction about the more complex equipment as well as small group maker activities.

Population(s) Served

Adults

Young adults

Where we work

External reviews

Goals & Strategy

SOURCE: Self-reported by organization

Reports and documents

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

We shared information about our current feedback practices.

How is your organization using feedback from the people you serve?

To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To inform the development of new programs/projects, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals
Which of the following feedback practices does your organization routinely carry out?

We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We act on the feedback we receive, We tell the people who gave us feedback how we acted on their feedback
What challenges does the organization face when collecting feedback?

It's hard to get feedback from people we don't serve, to find out what barriers exist.

Financials

Wallingford Public Library Assoc

Fiscal year: Jul 01 - Jun 30

Financial documents

Yes, financials were audited by an independent accountant.

Revenue vs. expenses: breakdown

SOURCE: IRS Form 990

NET GAIN/LOSS: in

Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2023

SOURCE: IRS Form 990

0.00

Average of 0.00 over 10 years

Months of cash in 2023

SOURCE: IRS Form 990

6.4

Average of 4.5 over 10 years

Fringe rate in 2023

SOURCE: IRS Form 990

30%

Average of 34% over 10 years

Funding sources

Source: IRS Form 990

Assets & liabilities

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Digitizing IRS form 990 data

Wallingford Public Library Assoc

Revenue & expenses

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

Fiscal year ending: Download Data

Revenue
Contributions	$80,500
Government Grants	$2,614,633
Program Services	$82,837
Investments	($12,050)
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$2,765,920

Expenses
Program Services	$2,440,860
Administration	$224,226
Fundraising	$33,763
Total Expenses	$2,698,849
Net Gain/Loss	$67,071

Functional expenses
Accounting Fees	$8,000
Advertising & Promotion	$0
Information Technology Expenses	$73,412
Insurance Expenses	$24,879
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$14,516
Pension Plan Contributions	$65,666
Professional Fundraising Expenses	$0

Revenue
Contributions	$41,675
Government Grants	$2,662,869
Program Services	$89,522
Investments	$34,421
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$2,828,487

Expenses
Program Services	$2,398,821
Administration	$226,708
Fundraising	$30,491
Total Expenses	$2,656,020
Net Gain/Loss	$172,467

Functional expenses
Accounting Fees	$8,000
Advertising & Promotion	$0
Information Technology Expenses	$72,961
Insurance Expenses	$25,339
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$114
Pension Plan Contributions	$67,548
Professional Fundraising Expenses	$0

Revenue
Contributions	$37,640
Government Grants	$2,719,413
Program Services	$89,747
Investments	$37,361
Special Events	$0
Sales	$0
Other	$22,537
Total Revenue	$2,906,698

Expenses
Program Services	$2,418,679
Administration	$232,665
Fundraising	$30,807
Total Expenses	$2,682,151
Net Gain/Loss	$224,547

Functional expenses
Accounting Fees	$8,000
Advertising & Promotion	$0
Information Technology Expenses	$73,114
Insurance Expenses	$20,517
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$54,736
Professional Fundraising Expenses	$0

Revenue
Contributions	$24,739
Government Grants	$2,737,030
Program Services	$94,928
Investments	$32,928
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$2,889,625

Expenses
Program Services	$2,471,755
Administration	$238,304
Fundraising	$31,711
Total Expenses	$2,741,770
Net Gain/Loss	$147,855

Functional expenses
Accounting Fees	$8,240
Advertising & Promotion	$0
Information Technology Expenses	$74,246
Insurance Expenses	$23,783
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$61,173
Professional Fundraising Expenses	$0

Revenue
Contributions	$119,185
Government Grants	$2,783,099
Program Services	$101,234
Investments	$39,810
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$3,043,328

Expenses
Program Services	$2,676,947
Administration	$333,237
Fundraising	$29,143
Total Expenses	$3,039,327
Net Gain/Loss	$4,001

Functional expenses
Accounting Fees	$8,650
Advertising & Promotion	$0
Information Technology Expenses	$75,323
Insurance Expenses	$29,833
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$67,256
Professional Fundraising Expenses	$0

Revenue
Contributions	$103,670
Government Grants	$2,804,156
Program Services	$106,680
Investments	$38,656
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$3,053,162

Expenses
Program Services	$2,881,825
Administration	$217,569
Fundraising	$33,811
Total Expenses	$3,133,205
Net Gain/Loss	($80,043)

Functional expenses
Accounting Fees	$8,650
Advertising & Promotion	$0
Information Technology Expenses	$93,596
Insurance Expenses	$33,477
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$71,345
Professional Fundraising Expenses	$0

Revenue
Contributions	$101,661
Government Grants	$2,846,834
Program Services	$88,965
Investments	$46,313
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$3,083,773

Expenses
Program Services	$2,716,813
Administration	$216,471
Fundraising	$39,958
Total Expenses	$2,973,242
Net Gain/Loss	$110,531

Functional expenses
Accounting Fees	$7,250
Advertising & Promotion	$0
Information Technology Expenses	$78,431
Insurance Expenses	$36,708
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$74,425
Professional Fundraising Expenses	$0

Revenue
Contributions	$86,928
Government Grants	$2,912,905
Program Services	$84,391
Investments	$46,907
Special Events	$0
Sales	$0
Other	$127,482
Total Revenue	$3,258,613

Expenses
Program Services	$3,028,335
Administration	$226,932
Fundraising	$36,180
Total Expenses	$3,291,447
Net Gain/Loss	($32,834)

Functional expenses
Accounting Fees	$7,500
Advertising & Promotion	$0
Information Technology Expenses	$103,493
Insurance Expenses	$48,820
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$82,667
Professional Fundraising Expenses	$0

Revenue
Contributions	$120,733
Government Grants	$3,200,169
Program Services	$89,607
Investments	$56,602
Special Events	$0
Sales	$0
Other	$77,509
Total Revenue	$3,544,620

Expenses
Program Services	$3,428,541
Administration	$179,442
Fundraising	$31,967
Total Expenses	$3,639,950
Net Gain/Loss	($95,330)

Functional expenses
Accounting Fees	$9,526
Advertising & Promotion	$0
Information Technology Expenses	$105,189
Insurance Expenses	$51,801
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$12,187
Pension Plan Contributions	$71,204
Professional Fundraising Expenses	$0

Revenue
Contributions	$192,409
Government Grants	$3,042,491
Program Services	$84,303
Investments	$65,018
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$3,384,221

Expenses
Program Services	$2,987,520
Administration	$245,580
Fundraising	$26,642
Total Expenses	$3,259,742
Net Gain/Loss	$124,479

Functional expenses
Accounting Fees	$9,342
Advertising & Promotion	$628
Information Technology Expenses	$110,294
Insurance Expenses	$44,162
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$5,319
Pension Plan Contributions	$83,834
Professional Fundraising Expenses	$0

Revenue
Contributions	$76,020
Government Grants	$3,096,029
Program Services	$88,837
Investments	$94,641
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$3,355,527

Expenses
Program Services	$3,063,525
Administration	$260,692
Fundraising	$22,710
Total Expenses	$3,346,927
Net Gain/Loss	$8,600

Functional expenses
Accounting Fees	$9,240
Advertising & Promotion	$1,290
Information Technology Expenses	$114,886
Insurance Expenses	$45,784
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$7,315
Pension Plan Contributions	$92,671
Professional Fundraising Expenses	$0

Revenue
Contributions	$163,295
Government Grants	$3,177,578
Program Services	$66,436
Investments	$87,766
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$3,495,075

Expenses
Program Services	$3,020,947
Administration	$267,114
Fundraising	$24,272
Total Expenses	$3,312,333
Net Gain/Loss	$182,742

Functional expenses
Accounting Fees	$8,650
Advertising & Promotion	$3,473
Information Technology Expenses	$107,347
Insurance Expenses	$48,207
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$15,875
Pension Plan Contributions	$89,153
Professional Fundraising Expenses	$0

Revenue
Contributions	$53,740
Government Grants	$3,185,910
Program Services	$27,872
Investments	$117,078
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$3,384,600

Expenses
Program Services	$2,716,762
Administration	$280,177
Fundraising	$24,481
Total Expenses	$3,021,420
Net Gain/Loss	$363,180

Functional expenses
Accounting Fees	$8,600
Advertising & Promotion	$10,158
Information Technology Expenses	$107,845
Insurance Expenses	$41,798
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$14,166
Pension Plan Contributions	$92,368
Professional Fundraising Expenses	$0

Revenue
Contributions	$111,275
Government Grants	$3,198,027
Program Services	$47,964
Investments	$139,845
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$3,497,111

Expenses
Program Services	$3,317,184
Administration	$187,583
Fundraising	$24,222
Total Expenses	$3,528,989
Net Gain/Loss	($31,878)

Functional expenses
Accounting Fees	$8,900
Advertising & Promotion	$6,666
Information Technology Expenses	$91,671
Insurance Expenses	$52,557
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$13,734
Pension Plan Contributions	$91,393
Professional Fundraising Expenses	$0

Revenue
Contributions	$157,334
Government Grants	$3,378,391
Program Services	$70,842
Investments	$62,017
Special Events	$0
Sales	$0
Other	$221,988
Total Revenue	$3,890,572

Expenses
Program Services	$3,199,624
Administration	$282,032
Fundraising	$24,389
Total Expenses	$3,506,045
Net Gain/Loss	$384,527

Functional expenses
Accounting Fees	$9,100
Advertising & Promotion	$9,510
Information Technology Expenses	$88,128
Insurance Expenses	$43,597
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$9,691
Pension Plan Contributions	$94,325
Professional Fundraising Expenses	$0

Wallingford Public Library Assoc

Balance sheet

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: Download Data

Assets	Jul 01, 2008	Jun 30, 2009	Change
Contributions	$80,500
Cash & Equivalents	$601,218	$684,366	$83,148
Accounts Receivable	$0	$0	$0
Pledges & Grants Receivable	$0	$0	$0
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$936,111	$769,008	($167,103)
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$0	$0	$0
Total Assets	$1,537,329	$1,453,374	($83,955)

Liabilities	Jul 01, 2008	Jun 30, 2009	Change
Accounts Payable	$0	$0	$0
Grants Payable	$0	$0	$0
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$0	$0
Total Liabilities	$0	$0	$0

Fund balance	Jul 01, 2008	Jun 30, 2009	Change
Temporarily Restricted Net Assets	$0	$0	$0
Permanently Restricted Net Assets	$0	$0	$0
Total Restricted Net Assets	$0	$0	$0
Unrestricted Net Assets	$0	$0	$0
Net Assets	$1,537,329	$1,453,374	($83,955)

Assets	Jul 01, 2009	Jun 30, 2010	Change
Contributions	$41,675
Cash & Equivalents	$684,366	$840,734	$156,368
Accounts Receivable	$0	$0	$0
Pledges & Grants Receivable	$0	$0	$0
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$769,008	$867,657	$98,649
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$0	$0	$0
Total Assets	$1,453,374	$1,708,391	$255,017

Liabilities	Jul 01, 2009	Jun 30, 2010	Change
Accounts Payable	$0	$0	$0
Grants Payable	$0	$0	$0
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$0	$0
Total Liabilities	$0	$0	$0

Wallingford Public Library Assoc

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

This snapshot of Wallingford Public Library Assoc’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Fiscal year: Jul 01 - Jun 30 View full report Download data

Business model indicators

Profitability	2019	2020	2021	2022	2023
Unrestricted surplus (deficit) before depreciation	$61,846	$259,045	$614,695	-$360,785	$330,869
As % of expenses	1.8%	7.8%	20.3%	-10.2%	9.4%
Unrestricted surplus (deficit) after depreciation	$61,846	$259,045	$614,695	-$360,785	$330,869
As % of expenses	1.8%	7.8%	20.3%	-10.2%	9.4%

Revenue composition
Total revenue (unrestricted & restricted)	$3,355,527	$3,495,075	$3,384,600	$3,497,111	$3,890,572
Total revenue, % change over prior year	-0.8%	4.2%	-3.2%	3.3%	11.3%
Program services revenue	2.6%	1.9%	0.8%	1.4%	1.8%
Membership dues	0.5%	0.5%	0.8%	0.9%	0.6%
Investment income	1.5%	1.5%	1.8%	2.2%	1.4%
Government grants	92.3%	90.9%	94.1%	91.4%	86.8%
All other grants and contributions	1.8%	4.2%	0.8%	2.3%	3.4%
Other revenue	1.3%	1.0%	1.6%	1.8%	5.9%

Expense composition
Total expenses before depreciation	$3,346,927	$3,312,333	$3,021,420	$3,528,989	$3,506,045
Total expenses, % change over prior year	2.7%	-1.0%	-8.8%	16.8%	-0.7%
Personnel	70.8%	72.9%	69.7%	64.1%	69.3%
Professional fees	0.7%	1.0%	0.9%	0.8%	0.7%
Occupancy	3.4%	3.0%	3.1%	3.0%	3.3%
Interest	0.0%	0.0%	0.0%	0.0%	0.0%
Pass-through	0.0%	0.0%	0.0%	0.0%	0.0%
All other expenses	25.1%	23.1%	26.3%	32.1%	26.7%

Full cost components (estimated)	2019	2020	2021	2022	2023
Total expenses (after depreciation)	$3,346,927	$3,312,333	$3,021,420	$3,528,989	$3,506,045
One month of savings	$278,911	$276,028	$251,785	$294,082	$292,170
Debt principal payment	$0	$0	$0	$0	$0
Fixed asset additions	$0	$0	$0	$0	$0
Total full costs (estimated)	$3,625,838	$3,588,361	$3,273,205	$3,823,071	$3,798,215

Capital structure indicators

Liquidity	2019	2020	2021	2022	2023
Months of cash	3.6	4.3	6.1	5.0	6.4
Months of cash and investments	10.1	11.1	14.9	11.3	13.1
Months of estimated liquid unrestricted net assets	8.5	9.5	12.9	9.8	11.0

Balance sheet composition	2019	2020	2021	2022	2023
Cash	$998,539	$1,190,615	$1,545,489	$1,475,273	$1,857,223
Investments	$1,819,537	$1,876,140	$2,213,487	$1,849,519	$1,980,429
Receivables	$0	$0	$0	$0	$0
Gross land, buildings, equipment (LBE)	$0	$0	$0	$0	$0
Accumulated depreciation (as a % of LBE)	0.0%	0.0%	0.0%	0.0%	0.0%
Liabilities (as a % of assets)	0.0%	0.0%	0.0%	0.0%	0.0%
Unrestricted net assets	$2,371,513	$2,630,558	$3,245,253	$2,884,468	$3,215,337
Temporarily restricted net assets	$23,779	N/A	N/A	N/A	N/A
Permanently restricted net assets	$422,784	N/A	N/A	N/A	N/A
Total restricted net assets	$446,563	$436,197	$513,723	$440,324	$622,315
Total net assets	$2,818,076	$3,066,755	$3,758,976	$3,324,792	$3,837,652

Key data checks

Key data checks	2019	2020	2021	2022	2023
Material data errors	No	No	No	No	No

Operations

The people, governance practices, and partners that make the organization tick.

Documents

Letter of Determination

Form 1023/1024 is not available for this organization

Library Director

Sunnie Scarpa

LinkedIn profile

Sunnie Scarpa stepped into the role of Library Director at the Wallingford Public Library in September 2023. She previously served as the Head of Children’s Services in Wallingford from May 2013 until May 2019, when she left to accept the position of Library Director at the E.C. Scranton Memorial Library in Madison, CT. Scarpa has a bachelor's degree from Gordon College, a master's degree in Information & Library Science from Southern CT State University, and a certificate in Financial Success for NonProfits from Cornell University.

Number of employees

Source: IRS Form 990

Wallingford Public Library Assoc

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation

Other

Show data for fiscal year

Compensation data

Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

Wallingford Public Library Assoc

Board of directors
as of 10/03/2023

SOURCE: Self-reported by organization

Board of directors data

Download the most recent year of board of directors data for this organization

Board chair

Clifford Overstrum

Carol Mikulski

Clifford Overstrum

Art Elliott

Deron Chang

Kristi Doerr

Jaime Hine

Jared Liu

William Pursell

Umera Raza

Wilma Stahura

Suzanne Wright

Tricia d'Oliviera

Lisa-Marie Bellemore

Maria Rodriguez McBride

Dara Solan

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

Board orientation and education
Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
CEO oversight
Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
Ethics and transparency
Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
Board composition
Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
Board performance
Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes

Wallingford Public Library Assoc

Our Doors Open to Endless Possibilities

Mission

Is this your nonprofit?

Programs and results

Reports and documents

What we aim to solve

This profile needs more info.

Our programs

Services for Children

Teen Services

Adult Services

Collaboratory

Where we work

Goals & Strategy

Reports and documents

How we listen

Financials

Financial documents

Revenue vs. expenses: breakdown

Liquidity in 2023 info

0.00

Months of cash in 2023 info

6.4

Fringe rate in 2023 info

30%

Funding sources info

Assets & liabilities info

Financial data

Digitizing IRS form 990 data

Wallingford Public Library Assoc

Wallingford Public Library Assoc

Wallingford Public Library Assoc

Business model indicators

Capital structure indicators

Key data checks

Operations

Documents

Library Director

Sunnie Scarpa

Number of employees

Wallingford Public Library Assoc

Compensation data

Wallingford Public Library Assoc

Board of directors data

Clifford Overstrum

Board leadership practices

Board orientation and education

CEO oversight

Ethics and transparency

Board composition

Board performance

Liquidity in 2023

Months of cash in 2023

Fringe rate in 2023

Funding sources

Assets & liabilities