Civic Intelligence

Reading Public Library Foundation Inc.

990 • Fiscal year 2024 • EIN 04-3335881

Jan 01, 2024 to Dec 31, 2024 • Filed on Mar 12, 2025

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

18th percentile

0.00x

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

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

18th percentile

0.00x

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

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

98th percentile

89%

Higher net margin than 98% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

64th percentile

10.0%

Faster asset growth than 64% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

5th percentile

-50%

Faster revenue growth than 5% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets18th percentile

Assets

Up

$2,473,962

Up $224,817 (+10.0%) from 2023

Net Assets

Up

$2,473,962

Up $224,817 (+10.0%) from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue And Expenses
Liabilities / Revenue18th percentileNet Margin98th percentile

Revenue

Down

$174,605

Down $176,324 (-50%) from 2023

Expenses

Down

$19,074

Down $5,477 (-22%) from 2023

Net Income

Down

$155,531

Down $170,847 (-52%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth64th 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

2024

Assets$2,473,962
Liabilities$0
Net Assets$2,473,962
Open 2024 Filing

Operations Trend

Revenue Growth5th percentile

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

2024

Revenue$174,605
Expenses$19,074
Net Income$155,531
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Mar 12, 2025
Return Version
2024v5.0
Gross Receipts
$174,605
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$2,214,165$2,415,216▲ $201,051
Savings and Temporary Cash Investments$34,980$58,746▲ $23,766
Total Assets$2,249,145$2,473,962▲ $224,817
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,241,364$2,449,619▲ $208,255
Net Assets Without Donor Restrictions$7,781$24,343▲ $16,562
Total Net Assets Fund Balance$2,249,145$2,473,962▲ $224,817
Total Liabilities and Net Assets / Fund Balance$2,249,145$2,473,962▲ $224,817
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
PatrickEgan, President
LynneCameron, Director
Joseph FiniganDirector
StephanieFilipski, Director
ChristineFord, Director
BruceAustin, Secretary
EliseCiregna
AmyCoumounduros, Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$42,837
Program Service Revenue
$0
Investment Income
$131,768
Other Revenue
$0
All Other Contributions
$42,837
Change in Net Assets
$155,531
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$10,000
Other Expenses$9,074
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$10,000--$10,000
Fees for Services Accounting$0$4,500$0$4,500
Office Expenses$0$1,420$0$1,420
Fees for Services Management$0$1,188$0$1,188
Other Expenses$0$708$0$708
Information Technology$0$250$0$250
Total Functional Expenses$10,000$9,074$0$19,074
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 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
2025-03-12
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 11, 2024. 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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IRS990/Form990PartVIISectionAGrp/TitleTxt0EGAN, PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt3AUSTIN, SECRETARY
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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 11, 2024. 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
IRS990/SchoolOperatingInd0false
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02249145
IRS990/TotalAssetsEOYAmt02473962
IRS990/TotalAssetsGrp/BOYAmt02249145
IRS990/TotalAssetsGrp/EOYAmt02473962
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt042837
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt09074
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt010000
IRS990/TotalFunctionalExpensesGrp/TotalAmt019074
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02249145
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02473962
IRS990/TotalProgramServiceExpensesAmt010000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0131768
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0174605
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02249145
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02473962
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt024 SMITH AVENUE
IRS990/USAddress/CityNm0READING
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001867
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0www.readingplfoundation.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0AMY COUMOUNDUROS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07819448886
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-03-12
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/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0475576213
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/PhoneNum07816407664
ReturnHeader/PreparerPersonGrp/PreparationDt02025-03-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Amy Coumounduros
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-03-13T20:05:45-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,473,962
Liabilities
$0
Net assets
$2,473,962
Revenue
$174,605
Expenses
$19,074
Net income
$155,531
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
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