Civic Intelligence

The Millicent Library

EIN 04-2121363 • 501(c)3 • Fairhaven, MA

Profile

PUBLIC LENDING LIBRARY

PO Box 30Fairhaven, MA 02719

millicentlibrary.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

48th percentile

0.06x

Higher debt load relative to assets than 48% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

54th percentile

0.10x

Higher debt load relative to revenue than 54% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

36th percentile

-1.2%

Higher net margin than 36% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

52nd percentile

4.8%

Faster asset growth than 52% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

55th percentile

9.7%

Faster revenue growth than 55% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Up

$1,785,165

Up $80,991 (+4.8%) from 2024

Liabilities

Up

$98,265

Up $68,379 (+229%) from 2024

Net Assets

Up

$1,686,900

Up $12,612 (+0.8%) from 2024

Revenue

Up

$950,974

Up $83,900 (+9.7%) from 2024

Expenses

Up

$962,309

Up $165,797 (+21%) from 2024

Net Income

Down

-$11,335

Down $81,897 (-116%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0Assets 2011: $605,950Liabilities 2011: $0Net Assets 2011: $605,9502011Assets 2012: $974,700Liabilities 2012: $29,346Net Assets 2012: $945,3542012Assets 2013: $987,676Liabilities 2013: $23,186Net Assets 2013: $964,4902013Assets 2014: $992,794Liabilities 2014: $25,976Net Assets 2014: $966,8182014Assets 2015: $1,016,651Liabilities 2015: $23,227Net Assets 2015: $993,4242015Assets 2016: $1,090,314Liabilities 2016: $20,800Net Assets 2016: $1,069,5142016Assets 2017: $1,144,179Liabilities 2017: $26,606Net Assets 2017: $1,117,5732017Assets 2018: $1,313,303Liabilities 2018: $11,842Net Assets 2018: $1,301,4612018Assets 2019: $1,342,238Liabilities 2019: $11,568Net Assets 2019: $1,330,6702019Assets 2020: $1,437,038Liabilities 2020: $14,298Net Assets 2020: $1,422,7402020Assets 2021: $1,539,718Liabilities 2021: $14,775Net Assets 2021: $1,524,9432021Assets 2022: $1,538,979Liabilities 2022: $23,563Net Assets 2022: $1,515,4162022Assets 2023: $1,613,962Liabilities 2023: $41,034Net Assets 2023: $1,572,9282023Assets 2024: $1,704,174Liabilities 2024: $29,886Net Assets 2024: $1,674,2882024Assets 2025: $1,785,165Liabilities 2025: $98,265Net Assets 2025: $1,686,9002025

Highlighted filing

2025

Assets$1,785,165
Liabilities$98,265
Net Assets$1,686,900

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KExpenses 2011: $627,4102011Revenue 2012: $769,736Expenses 2012: $627,983Net Income 2012: $141,7532012Revenue 2013: $709,150Expenses 2013: $624,130Net Income 2013: $85,0202013Revenue 2014: $687,105Expenses 2014: $618,893Net Income 2014: $68,2122014Revenue 2015: $702,709Expenses 2015: $610,219Net Income 2015: $92,4902015Revenue 2016: $673,991Expenses 2016: $597,901Net Income 2016: $76,0902016Revenue 2017: $685,863Expenses 2017: $637,804Net Income 2017: $48,0592017Revenue 2018: $839,147Expenses 2018: $649,172Net Income 2018: $189,9752018Revenue 2019: $716,431Expenses 2019: $687,222Net Income 2019: $29,2092019Revenue 2020: $739,406Expenses 2020: $647,336Net Income 2020: $92,0702020Revenue 2021: $777,983Expenses 2021: $675,780Net Income 2021: $102,2032021Revenue 2022: $747,657Expenses 2022: $743,129Net Income 2022: $4,5282022Revenue 2023: $843,360Expenses 2023: $805,525Net Income 2023: $37,8352023Revenue 2024: $867,074Expenses 2024: $796,512Net Income 2024: $70,5622024Revenue 2025: $950,974Expenses 2025: $962,309Net Income 2025: -$11,3352025

Highlighted filing

2025

Revenue$950,974
Expenses$962,309
Net Income-$11,335

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.79$0.10$1.69$0.95$0.96$0.01
2024Detailed filing. Detailed filing data is available for this year.$1.70$0.03$1.67$0.87$0.80$0.07
2023Detailed filing. Detailed filing data is available for this year.$1.61$0.04$1.57$0.84$0.81$0.04
2022Detailed filing. Detailed filing data is available for this year.$1.54$0.02$1.52$0.75$0.74$0.00
2021Detailed filing. Detailed filing data is available for this year.$1.54$0.01$1.52$0.78$0.68$0.10
2020Detailed filing. Detailed filing data is available for this year.$1.44$0.01$1.42$0.74$0.65$0.09
2019Detailed filing. Detailed filing data is available for this year.$1.34$0.01$1.33$0.72$0.69$0.03
2018Detailed filing. Detailed filing data is available for this year.$1.31$0.01$1.30$0.84$0.65$0.19
2017Detailed filing. Detailed filing data is available for this year.$1.14$0.03$1.12$0.69$0.64$0.05
2016Detailed filing. Detailed filing data is available for this year.$1.09$0.02$1.07$0.67$0.60$0.08
2015Detailed filing. Detailed filing data is available for this year.$1.02$0.02$0.99$0.70$0.61$0.09
2014Detailed filing. Detailed filing data is available for this year.$0.99$0.03$0.97$0.69$0.62$0.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.99$0.02$0.96$0.71$0.62$0.09
2012Summary only. Only limited summary data is available for this year.$0.97$0.03$0.95$0.77$0.63$0.14
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.61$0.00$0.61$0.63
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Sep 5, 2025
Return Version
2024v5.0
Gross Receipts
$950,974
Mission and Program Overview

Mission

PUBLIC LENDING LIBRARY

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,441,026$1,481,864▲ $40,838
Cash and Non-Interest-Bearing Accounts$135,956$130,162▼ $5,794
Land, Buildings, and Equipment, Net$21,645$60,387▲ $38,742
Prepaid Expenses and Deferred Charges$547$7,466▲ $6,919
Total Assets$1,704,174$1,785,165▲ $80,991
Other Assets Total$105,000$105,286▲ $286
Liabilities
Accounts Payable and Accrued Expenses$29,886$98,265▲ $68,379
Total Liabilities$29,886$98,265▲ $68,379
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,567,192$1,579,518▲ $12,326
Net Assets With Donor Restrictions$107,096$107,382▲ $286
Total Net Assets Fund Balance$1,674,288$1,686,900▲ $12,612
Total Liabilities and Net Assets / Fund Balance$1,704,174$1,785,165▲ $80,991

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$60,387$43,942$104,329
Other Assets Org$105,286--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023-$101,214--$101,214
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kyle Decicco-careySecretary/diFT$89,762$12,852$102,614

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$873,101
Program Service Revenue
$697
Investment Income
$67,176
Other Revenue
$10,000
All Other Contributions
$19,895
Change in Net Assets
$-11,335

Audited Revenue Reconciliation

Revenue per Audited Statements
$950,974
Revenue Not Reported on Form 990
$23,947
Total Revenue per Audited Statements
$974,921
Total Revenue per Form 990
$950,974
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$613,434
Other Expenses$348,875
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$442,246$129,440-$571,686
Occupancy$122,746$21,661-$144,407
Payroll Taxes$31,068$10,680-$41,748
Office Expenses$25,256$2,692-$27,948
Fees for Services Other-$21,479-$21,479
Fees for Services Accounting-$9,750-$9,750
Other Expenses$6,969--$6,969
Depreciation Depletion$4,708$831-$5,539
Total Functional Expenses$765,776$196,533$0$962,309

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$962,309
Total Expenses per Audited Statements$962,309
Total Expenses per Form 990$962,309
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The auditors present a copy of the form 990. It is then reviewed by the president and treasurer prior to filing.

Form 990, Page 6, Part VI, Line 12C

Inquiry of all board membrs on a bi-annual basis.

Form 990, Page 6, Part VI, Line 15A

Each year the personnel committee of the board of trustees reviews the pays of all employees, including the director. Comparisons are made with other towns and library salaries and recomendations are made to the full board.

Form 990, Page 6, Part VI, Line 19

Governing documents are available online via the secretary for the commonwealth of massachusetts corporate database and upon request. Yhe conflict of interest policy is available upon request. Financial statements are available through guidestar.org and the commonwealth of the massachsusetts division of public charities, or upon request.

Filing and Contact Details

Filer

Filer Name
The Millicent Library
EIN
04-2121363
Phone
5089925342
Address
PO BOX 30, FAIRHAVEN, MA 02719

Signing Officer

Name
Robert Kenworthy
Title
Treasurer
Phone
5089925342
Signed
2025-09-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathy L Lopes
Formed
1892
Legal Domicile
Ma
Voting Board Members
21
Independent Board Members
20
Employees
14
Volunteers
15

Preparer

Firm
Sanders Walsh & Eaton Cpas LLC
Address
PO BOX F, OSTERVILLE, MA 02655
Preparer
Joseph F Mcgee CPA
Phone
5084280790
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The library is a beneficiary of a gift of 100,000 made by henry h. Rogers in 1893. The funds are to be invested in perpetuity. As restricted by the donor, the investment income is paid semi-annually and must be used for maintenance and repair of the library. In 2022, the commonwealth of massachusetts was the trustee that held held the funds and invested them in the massachusetts municipal depository trust, cash portfolio fund, which was managed by fidelity. Municipal depository trust, cash portfolio fund was valued at 1 per share, earning interest at a variable rate. In 2023 the commonwealth of massachusetts released the funds and allowed the library to set and manage its own endowment.

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IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE EMER
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14ASSISTANT TR
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
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IRS990/OtherExpensesGrp/Desc1DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc2INTERNET/COMPUTER EXPENSE
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
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IRS990/ProgramServiceRevenueGrp/Desc0FINES AND OTHER
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0740757
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0767660
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04013428
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt067176
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt064146
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt012002
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt06326
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt08428
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0158078
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt018453
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.96210
IRS990ScheduleA/PublicSupportPY170Pct00.97210
IRS990ScheduleA/PublicSupportTotal170Amt04013428
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0873101
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0802635
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0829275
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0740757
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0767660
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04013428
IRS990ScheduleA/TotalSupportAmt04171506
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/CollectionUsedPreservationInd0X
IRS990ScheduleD/CollUsedScholarlyRsrchInd0X
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IRS990ScheduleD/EquipmentGrp/BookValueAmt060387
IRS990ScheduleD/EquipmentGrp/DepreciationAmt043942
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0104329
IRS990ScheduleD/ExpensesSubtotalAmt0962309
IRS990ScheduleD/NetUnrealizedGainsInvstAmt023947
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0105286
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ENDOWMENT INVESTMENTS
IRS990ScheduleD/RevenueNotReportedAmt023947
IRS990ScheduleD/RevenueSubtotalAmt0950974
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE LIBRARY IS A BENEFICIARY OF A GIFT OF 100,000 MADE BY HENRY H. ROGERS IN 1893. THE FUNDS ARE TO BE INVESTED IN PERPETUITY. AS RESTRICTED BY THE DONOR, THE INVESTMENT INCOME IS PAID SEMI-ANNUALLY AND MUST BE USED FOR MAINTENANCE AND REPAIR OF THE LIBRARY. IN 2022, THE COMMONWEALTH OF MASSACHUSETTS WAS THE TRUSTEE THAT HELD HELD THE FUNDS AND INVESTED THEM IN THE MASSACHUSETTS MUNICIPAL DEPOSITORY TRUST, CASH PORTFOLIO FUND, WHICH WAS MANAGED BY FIDELITY. MUNICIPAL DEPOSITORY TRUST, CASH PORTFOLIO FUND WAS VALUED AT 1 PER SHARE, EARNING INTEREST AT A VARIABLE RATE. IN 2023 THE COMMONWEALTH OF MASSACHUSETTS RELEASED THE FUNDS AND ALLOWED THE LIBRARY TO SET AND MANAGE ITS OWN ENDOWMENT.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/TotalBookValueLandBuildingsAmt060387
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0105286
IRS990ScheduleD/TotalExpensesPerForm990Amt0962309
IRS990ScheduleD/TotalRevenuePerForm990Amt0950974
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0974921
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0962309
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE AUDITORS PRESENT A COPY OF THE FORM 990. IT IS THEN REVIEWED BY THE PRESIDENT AND TREASURER PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1INQUIRY OF ALL BOARD MEMBRS ON A BI-ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH YEAR THE PERSONNEL COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THE PAYS OF ALL EMPLOYEES, INCLUDING THE DIRECTOR. COMPARISONS ARE MADE WITH OTHER TOWNS AND LIBRARY SALARIES AND RECOMENDATIONS ARE MADE TO THE FULL BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE AVAILABLE ONLINE VIA THE SECRETARY FOR THE COMMONWEALTH OF MASSACHUSETTS CORPORATE DATABASE AND UPON REQUEST. YHE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE AVAILABLE THROUGH GUIDESTAR.ORG AND THE COMMONWEALTH OF THE MASSACHSUSETTS DIVISION OF PUBLIC CHARITIES, OR UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false

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