Civic Intelligence

Reading Public Library Foundation Inc.

990 • Fiscal year 2019 • EIN 04-3335881

Jan 01, 2019 to Dec 31, 2019 • Filed on Apr 17, 2020

Organization Profilewww.readingplfoundation.org
PO Box 96Reading, MA 01867

(781) 944-8886

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

15th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

15th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

98th percentile

92%

Higher net margin than 98% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

85th percentile

29%

Faster asset growth than 85% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$1,516,410

Up $342,464 (+29%) from 2018

Net Assets

Up

$1,516,410

Up $342,464 (+29%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin98th percentile

Revenue

Up

$373,128

Up $434,467 (+708%) from 2018

Expenses

Down

$30,664

Down $1,128 (-3.5%) from 2018

Net Income

Up

$342,464

Up $435,595 (+468%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth85th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2011: $792,470Liabilities 2011: $28,118Net Assets 2011: $764,3522011Assets 2012: $910,242Liabilities 2012: $15,767Net Assets 2012: $894,4752012Assets 2013: $1,050,674Liabilities 2013: $3,416Net Assets 2013: $1,047,2582013Assets 2014: $1,112,581Liabilities 2014: $0Net Assets 2014: $1,112,5812014Assets 2015: $1,162,426Liabilities 2015: $0Net Assets 2015: $1,162,4262015Assets 2016: $1,086,858Liabilities 2016: $0Net Assets 2016: $1,086,8582016Assets 2017: $1,267,077Liabilities 2017: $0Net Assets 2017: $1,267,0772017Assets 2018: $1,173,946Liabilities 2018: $0Net Assets 2018: $1,173,9462018Assets 2019: $1,516,410Liabilities 2019: $0Net Assets 2019: $1,516,4102019Assets 2020: $1,786,970Liabilities 2020: $0Net Assets 2020: $1,786,9702020Assets 2021: $2,047,855Liabilities 2021: $0Net Assets 2021: $2,047,8552021Assets 2022: $1,747,492Liabilities 2022: $0Net Assets 2022: $1,747,4922022Assets 2023: $2,249,145Liabilities 2023: $0Net Assets 2023: $2,249,1452023Assets 2024: $2,473,962Liabilities 2024: $0Net Assets 2024: $2,473,9622024Assets 2025: $2,689,055Liabilities 2025: $0Net Assets 2025: $2,689,0552025

Highlighted filing

2019

Assets$1,516,410
Liabilities$0
Net Assets$1,516,410
Open 2019 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$200K$0-$200KRevenue 2011: $34,201Expenses 2011: $20,758Net Income 2011: $13,4432011Revenue 2012: $145,868Expenses 2012: $15,745Net Income 2012: $130,1232012Revenue 2013: $169,848Expenses 2013: $17,065Net Income 2013: $152,7832013Revenue 2014: $86,063Expenses 2014: $20,740Net Income 2014: $65,3232014Revenue 2015: $124,702Expenses 2015: $74,857Net Income 2015: $49,8452015Revenue 2016: $126,988Expenses 2016: $202,556Net Income 2016: -$75,5682016Revenue 2017: $213,241Expenses 2017: $33,022Net Income 2017: $180,2192017Revenue 2018: -$61,339Expenses 2018: $31,792Net Income 2018: -$93,1312018Revenue 2019: $373,128Expenses 2019: $30,664Net Income 2019: $342,4642019Revenue 2020: $280,591Expenses 2020: $10,032Net Income 2020: $270,5592020Revenue 2021: $206,322Expenses 2021: $25,223Net Income 2021: $181,0992021Revenue 2022: $277,120Expenses 2022: $106,624Net Income 2022: $170,4962022Revenue 2023: $350,929Expenses 2023: $24,551Net Income 2023: $326,3782023Revenue 2024: $174,605Expenses 2024: $19,074Net Income 2024: $155,5312024Revenue 2025: $147,179Expenses 2025: $176,280Net Income 2025: -$29,1012025

Highlighted filing

2019

Revenue$373,128
Expenses$30,664
Net Income$342,464
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Apr 17, 2020
Return Version
2019v5.1
Gross Receipts
$375,983
Mission and Program Overview

Mission

The reading public library foundation was established in 1996 to enhance library services and collections in the town of reading, massachusetts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,064,390$1,307,857▲ $243,467
Savings and Temporary Cash Investments$109,556$208,553▲ $98,997
Total Assets$1,173,946$1,516,410▲ $342,464
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,158,792$1,512,287▲ $353,495
Net Assets Without Donor Restrictions$15,154$4,123▼ $11,031
Total Net Assets Fund Balance$1,173,946$1,516,410▲ $342,464
Total Liabilities and Net Assets / Fund Balance$1,173,946$1,516,410▲ $342,464
Compensation and Service Providers
Top Officer Pay36th percentile

Board Members and Trustees

NameTitle
BruceAustin
JohnBrzezenski
LynneCameron
EliseCiregna
AmyCoumounduros
PatrickEgan
WilliamHecht
Revenue and Support

Revenue Composition

Contributions and Grants
$102,391
Program Service Revenue
$0
Investment Income
$272,152
Other Revenue
$-1,415
All Other Contributions
$102,391
Change in Net Assets
$342,464
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$29,164
Total Fundraising Expense$6,767
Grants and Similar Amounts Paid$1,500
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$0$12,755$0$12,755
Office Expenses$0$4,504$0$4,504
Fees for Services Management$0$4,470$0$4,470
Grants to Domestic Orgs$1,500--$1,500
Information Technology$0$490$0$490
Total Functional Expenses$1,500$22,397$6,767$30,664
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$2,855
Fundraising Gross Income$1,440
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
Annual disclosure for covered persons
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Reading Public Library Foundation Inc
EIN
04-3335881
Phone
7819448886
Address
PO BOX 96, READING, MA 01867

Signing Officer

Name
Amy Coumounduros
Title
Treasurer
Phone
7819448886
Signed
2020-04-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Amy Coumounduros
Formed
1996
Legal Domicile
Ma
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Michael Spurr CPA LLC
Address
131 MAIN ST, READING, MA 01867
Preparer
Amy Coumounduros
Phone
7816407664
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“The Board of Directors of the Reading Public Library Foundation, Inc. each receive monthly financial statements for the Foundation. These are discussed at our monthly meetings and a year end analysis is performed at our January Board Meeting. A copy of the Form 990 and all accompanying schedules was sent to the Board of Directors on April 18, 2020. At that time all questions were answered by the Treasurer. The tax return will then be electronically filed by the Treasurer.”

Pt VI, Line 12C

“The Board of Directors holds annual elections, at which time the President of the Foundation asks all officers and directors if there are any conflicts of interest and reminds all of our published policies, a packet of which is distributed to all directors upon their initial election.”

Pt VI, Line 19

“All records of the Reading Public Library Foundation, Inc. are a matter of public record and may be obtained by contacting any officer of the Reading Public Library Foundation,Inc. Contact information for officers is kept at the circulation desk of the Reading Public Library and can also be found on our website.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Board of Directors of the Reading Public Library Foundation, Inc. each receive monthly financial statements for the Foundation. These are discussed at our monthly meetings and a year end analysis is performed at our January Board Meeting. A copy of the Form 990 and all accompanying schedules was sent to the Board of Directors on April 18, 2020. At that time all questions were answered by the Treasurer. The tax return will then be electronically filed by the Treasurer.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board of Directors holds annual elections, at which time the President of the Foundation asks all officers and directors if there are any conflicts of interest and reminds all of our published policies, a packet of which is distributed to all directors upon their initial election.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All records of the Reading Public Library Foundation, Inc. are a matter of public record and may be obtained by contacting any officer of the Reading Public Library Foundation,Inc. Contact information for officers is kept at the circulation desk of the Reading Public Library and can also be found on our website.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 19
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt022397
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01500
IRS990/TotalFunctionalExpensesGrp/TotalAmt030664
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IRS990/TotalLiabilitiesGrp/EOYAmt00
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IRS990/TotalProgramServiceExpensesAmt01500
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0272152
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0373128
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0-1415
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IRS990/WebsiteAddressTxt0www.readingplfoundation.org
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07819448886
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-04-17
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt096.237.55.84
ReturnHeader/FilingSecurityInformation/IPDt02020-04-26
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm009:29:27
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MICHAEL SPURR CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0131 MAIN ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0READING
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
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ReturnHeader/PreparerPersonGrp/PhoneNum07816407664
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Amy Coumounduros
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02020-04-26T09:29:35-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,516,410
Liabilities
$0
Net assets
$1,516,410
Revenue
$373,128
Expenses
$30,664
Net income
$342,464
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.69$0.00$2.69$0.15$0.18$0.03
2024Detailed filing. Detailed filing data is available for this year.$2.47$0.00$2.47$0.17$0.02$0.16
2023Detailed filing. Detailed filing data is available for this year.$2.25$0.00$2.25$0.35$0.02$0.33
2022Detailed filing. Detailed filing data is available for this year.$1.75$0.00$1.75$0.28$0.11$0.17
2021Detailed filing. Detailed filing data is available for this year.$2.05$0.00$2.05$0.21$0.03$0.18
2020Detailed filing. Detailed filing data is available for this year.$1.79$0.00$1.79$0.28$0.01$0.27
2019Detailed filing. Detailed filing data is available for this year.$1.52$0.00$1.52$0.37$0.03$0.34
2018Detailed filing. Detailed filing data is available for this year.$1.17$0.00$1.17$0.06$0.03$0.09
2017Detailed filing. Detailed filing data is available for this year.$1.27$0.00$1.27$0.21$0.03$0.18
2016Detailed filing. Detailed filing data is available for this year.$1.09$0.00$1.09$0.13$0.20$0.08
2015Summary only. Only limited summary data is available for this year.$1.16$0.00$1.16$0.12$0.07$0.05
2014Summary only. Only limited summary data is available for this year.$1.11$0.00$1.11$0.09$0.02$0.07
2013Summary only. Only limited summary data is available for this year.$1.05$0.00$1.05$0.17$0.02$0.15
2012Summary only. Only limited summary data is available for this year.$0.91$0.02$0.89$0.15$0.02$0.13
2011Summary only. Only limited summary data is available for this year.$0.79$0.03$0.76$0.03$0.02$0.01