Civic Intelligence

Reading Public Library Foundation Inc.

990 • Fiscal year 2018 • EIN 04-3335881

Jan 01, 2018 to Dec 31, 2018 • Filed on Apr 16, 2019

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

14th percentile

0.00x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2018

Net Margin

100th percentile

152%

Higher net margin than 100% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

18th percentile

-7.4%

Faster asset growth than 18% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

Score unavailable

No value available

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

Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets14th percentile

Assets

Down

$1,173,946

Down $93,131 (-7.4%) from 2017

Net Assets

Down

$1,173,946

Down $93,131 (-7.4%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin100th percentile

Revenue

Down

-$61,339

Down $274,580 (-129%) from 2017

Expenses

Down

$31,792

Down $1,230 (-3.7%) from 2017

Net Income

Down

-$93,131

Down $273,350 (-152%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth18th 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

2018

Assets$1,173,946
Liabilities$0
Net Assets$1,173,946
Open 2018 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

2018

Revenue-$61,339
Expenses$31,792
Net Income-$93,131
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Apr 16, 2019
Return Version
2018v3.1
Gross Receipts
$75,961
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$1,108,194$1,064,390▼ $43,804
Savings and Temporary Cash Investments$158,883$109,556▼ $49,327
Total Assets$1,267,077$1,173,946▼ $93,131
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Permanently Rstr Net Assets$1,003,559$1,036,839▲ $33,280
Temporarily Rstr Net Assets$238,934$121,953▼ $116,981
Unrestricted Net Assets$24,584$15,154▼ $9,430
Total Net Assets Fund Balance$1,267,077$1,173,946▼ $93,131
Total Liabilities and Net Assets / Fund Balance$1,267,077$1,173,946▼ $93,131
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
BruceAustin
JohnBrzezenski
LynneCameron
EliseCiregna
AmyCoumounduros
WilliamHecht
Revenue and Support

Revenue Composition

Contributions and Grants
$33,291
Program Service Revenue
$0
Investment Income
$-94,630
Other Revenue
$0
All Other Contributions
$33,291
Change in Net Assets
$-93,131
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$21,792
Total Fundraising Expense$12,351
Grants and Similar Amounts Paid$10,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$0$0$12,351$12,351
Grants to Domestic Orgs$10,000--$10,000
Office Expenses$0$5,448$0$5,448
Fees for Services Management$0$3,418$0$3,418
Information Technology$0$350$0$350
Total Functional Expenses$10,000$9,441$12,351$31,792
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Reading Public LibraryReading, MA-Library Enhancement$11,118
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
Annual disclosure for covered persons
Yes
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
2019-04-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Amy Coumounduros
Formed
1996
Legal Domicile
Ma
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
9

Preparer

Firm
Michael Spurr CPA LLC
Address
131 MAIN ST, READING, MA 01867
Preparer
Amy Coumounduros
Phone
7819444960
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 presented to the Board of Directors on April 11, 2019. 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 presented to the Board of Directors on April 11, 2019. 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/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01267077
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01173946
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt010000
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-94630
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0-61339
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01267077
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01173946
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt024584
IRS990/UnrestrictedNetAssetsGrp/EOYAmt015154
IRS990/USAddress/AddressLine1Txt024 SMITH AVENUE
IRS990/USAddress/CityNm0READING
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001867
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0www.readingplfoundation.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0AMY COUMOUNDUROS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07819448886
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-04-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0READING PUBLIC LIBRARY FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0READ
ReturnHeader/Filer/EIN0043335881
ReturnHeader/Filer/PhoneNum07819448886
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 96
ReturnHeader/Filer/USAddress/CityNm0READING
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd001867
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0448296CCF41D28D311EF1EEFB16894791675D022
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0448296CCF41D28D311EF1EEFB16894791675D022
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0173.48.227.185
ReturnHeader/FilingSecurityInformation/IPDt02019-04-19
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm011:53:23
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MICHAEL SPURR CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0131 MAIN ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0READING
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd001867
ReturnHeader/PreparerPersonGrp/PhoneNum07819444960
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Amy Coumounduros
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02019-04-19T11:53:30-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,173,946
Liabilities
$0
Net assets
$1,173,946
Revenue
-$61,339
Expenses
$31,792
Net income
-$93,131
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