Civic Intelligence

The Bennett Public Library Association of Billerica

990 • Fiscal year 2015 • EIN 04-6138236

Jul 01, 2014 to Jun 30, 2015 • Filed on Oct 29, 2015

PO Box 5103Billerica, MA 01822

(978) 667-8830

Siviq Scores

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

Liabilities / Assets

25th percentile

0.00x

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

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

25th percentile

0.00x

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

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

92nd percentile

52%

Higher net margin than 92% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

40th percentile

-1.4%

Faster asset growth than 40% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

95th percentile

147%

Faster revenue growth than 95% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Down

$892,202

Down $12,671 (-1.4%) from 2014

Net Assets

Down

$892,202

Down $12,671 (-1.4%) from 2014

Liabilities

Flat

$0

Flat from 2014

Revenue

Up

$78,096

Up $46,437 (+147%) from 2014

Expenses

Up

$37,564

Up $13,776 (+58%) from 2014

Net Income

Up

$40,532

Up $32,661 (+415%) from 2014

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2011: $787,514Liabilities 2011: $0Net Assets 2011: $787,5142011Assets 2012: $804,706Liabilities 2012: $0Net Assets 2012: $804,7062012Assets 2013: $858,843Liabilities 2013: $0Net Assets 2013: $858,8432013Assets 2014: $904,873Liabilities 2014: $0Net Assets 2014: $904,8732014Assets 2015: $892,202Liabilities 2015: $0Net Assets 2015: $892,2022015Assets 2016: $891,547Liabilities 2016: $0Net Assets 2016: $891,5472016Assets 2017: $681,835Liabilities 2017: $0Net Assets 2017: $681,8352017Assets 2018: $707,705Liabilities 2018: $0Net Assets 2018: $707,7052018

Highlighted filing

2015

Assets$892,202
Liabilities$0
Net Assets$892,202

Operations Trend

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

$100K$50K$0-$50KRevenue 2011: $31,148Expenses 2011: $25,533Net Income 2011: $5,6152011Revenue 2012: $39,576Expenses 2012: $15,078Net Income 2012: $24,4982012Revenue 2013: $69,656Expenses 2013: $29,271Net Income 2013: $40,3852013Revenue 2014: $31,659Expenses 2014: $23,788Net Income 2014: $7,8712014Revenue 2015: $78,096Expenses 2015: $37,564Net Income 2015: $40,5322015Revenue 2016: $8,511Expenses 2016: $21,375Net Income 2016: -$12,8642016Revenue 2017: $51,025Expenses 2017: $29,795Net Income 2017: $21,2302017Revenue 2018: $43,079Expenses 2018: $34,813Net Income 2018: $8,2662018

Highlighted filing

2015

Revenue$78,096
Expenses$37,564
Net Income$40,532
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Oct 29, 2015
Return Version
2014v5.0
Gross Receipts
$275,656
Mission and Program Overview

Mission

To maintain an historic building and to provide a gathering place for area civic, non-profit and social functions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$548,656$546,632▼ $2,024
Investments Other Securities$347,234$324,494▼ $22,740
Savings and Temporary Cash Investments$8,983$21,076▲ $12,093
Total Assets$904,873$892,202▼ $12,671
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Permanently Rstr Net Assets$548,656$546,632▼ $2,024
Temporarily Rstr Net Assets$347,234$324,494▼ $22,740
Unrestricted Net Assets$8,983$21,076▲ $12,093
Total Net Assets Fund Balance$904,873$892,202▼ $12,671
Total Liabilities and Net Assets / Fund Balance$904,873$892,202▼ $12,671

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$326,832$6,210$333,042
Land$219,800-$219,800
Other Securities$2,621--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$347,234-▲ $519$19,500$324,494
2013$305,253-▲ $50,727$5,100$347,234
2012$283,133-▲ $29,211$3,730$305,253
2011$288,411-▼ $3,692-$283,133
2010$264,487-▲ $43,924$20,000$288,411
Compensation and Service Providers

Board Members and Trustees

NameTitle
Terry TrentPresident
Gertrude TrentVice President
Amanda GoodwinBoard Member
Barbara FlahertyBoard Member
Brian KeeslerBoard Member
Donna DedomenicoBoard Member
Ellen HazzardBoard Member
Eric MackayBoard Member
George BennettBoard Member
Pamela ClemensBoard Member
Peter ClemensBoard Member
Michael KardauskasFormer Treasurer
Karla DichiaraSecretary
Marybeth KeaneTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$13,517
Program Service Revenue
$10,850
Investment Income
$53,729
Other Revenue
$0
All Other Contributions
$12,792
Change in Net Assets
$40,532
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$37,564
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$28,631--$28,631
Fees for Service Investment Mgmnt Fees-$3,759-$3,759
Depreciation Depletion$2,024--$2,024
Fees for Services Accounting-$1,250-$1,250
Office Expenses-$1,169-$1,169
Other Expenses-$72-$72
Total Functional Expenses$30,655$6,909$0$37,564
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The organization holds an endowment that is managed by enterprise investment advisors located in lowell, ma 01852 with general oversite by the executives of the board. General objectives and risk tollerance are determined by the board members, but the active management of the assets; including execution of trades and asset allocations are conducted by the asset managers at enterprise investment advisors.

Form 990, Part VI, Section B, Line 11

The draft version of the form 990 is reviewed and approved by the officers of the board and then forwarded to the full board of trustees for review. After the full board approval the form 990 is signed and filed with the irs.

Form 990, Part VI, Section B, Line 12C

Each member of the board is required to complete an annual questionaire addressing relationships or other potential areas of conflict of interest in terms of goods or services. Such questionnaires are collected and monitored initially by the president. Issues deemed in potential conflict are referred to and addressed by a committee of the board for further clarification and resolution. If a possible conflict is identified and referred to the board, procedures outlined in the organization's conflict of interest policy are used to determine whether an actual conflict exists. Such procedures include a review of all of the facts and circumstances. The availability of alternate service providers, and the economic impact on the organization and the organization's mission. Final resolution of a conflict is documented in the minutes of the board meetings.

Form 990, Part VI, Section B, Line 15

The organization does not compensate any of its members, officers or board members.

Form 990, Part VI, Section C, Line 18

The library's form 990 (current and prior three years) are available on the official website of the attorney general of massachusetts at www.charities.ago.state.ma.us and guidestar at www2.guidestar.org. We also make our form 990, form 1023, articles of incorporation, and bylaws available to the public upon request. We do not make our conflict of interest policy available to the public. In addition, other governing documents are available at the official website of the secretary of state of massachusetts at: www.corp.sec.state.ma.us/corp/corpsearch/corpsearchinput.asp

Form 990, Part VI, Section C, Line 19

The library's form 990 (current and prior three years) are available on the official website of the attorney general of massachusetts at www.charities.ago.state.ma.us and guidestar at www2.guidestar.org. We also make our form 990, form 1023, articles of incorporation, and bylaws available to the public upon request. We do not make our conflict of interest policy available to the public.

Filing and Contact Details

Filer

Filer Name
The Bennett Public Library
EIN
04-6138236
Phone
9786678830
Address
PO BOX 5103, BILLERICA, MA 01822

Signing Officer

Name
Terry Trent
Title
President
Phone
9786678830
Signed
2015-10-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Terry Trent
Formed
1880
Legal Domicile
Ma
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
0

Preparer

Firm
Derek Silveira CPA Pc
Address
40 WARREN STREET FL 3, CHARLESTOWN, MA 02129
Preparer
Derek Silveira
Phone
6175125763
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Transfer from trust fund 19,500.

Financial Statement Notes

PART V, LINE 4:

To maintain an historic building and to provide a gathering place for area civic, non-profit and social functions. A cultural landmark dedicated in 1881, the endowment fund is used for the restoration of the library to its original splendor and turn-of-the-century elegance. Period colors, drapery, stained glass windows and lighting fixtures provide an awe-inspiring glimpse of the victorian era, a time when the bennett was billerica's cultural hub and meeting destination.

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IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
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IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt08983
IRS990/SavingsAndTempCashInvstGrp/EOYAmt021076
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt05217
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt024500
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt011000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt013000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt065739
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt013517
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt06911
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt039016
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt024157
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt017667
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0101268
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt053729
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt012573
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt015466
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt03623
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt028
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt085419
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt010850
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt012175
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt015175
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt011795
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt013453
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt063448
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt053729
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt012573
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt015466
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt03623
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt028
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt085419
IRS990ScheduleA/InvestmentIncomeCYPct00.34150
IRS990ScheduleA/InvestmentIncomePYPct00.14470
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.37970
IRS990ScheduleA/PublicSupportPY509Pct00.59160
IRS990ScheduleA/PublicSupportTotal509Amt094977
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt012022
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt05217
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt027000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt012500
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt013000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt069739
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt02500
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt01500
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt04000
IRS990ScheduleA/ThirtyThrPctSuprtTestsPY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt024367
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt019086
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt054191
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt035952
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt031120
IRS990ScheduleA/Total509Grp/TotalAmt0164716
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt078096
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt031659
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt069657
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt039575
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt031148
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0250135
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BoardDesignatedBalanceEOYPct01.00000
IRS990ScheduleD/BuildingsGrp/BookValueAmt0326832
IRS990ScheduleD/BuildingsGrp/DepreciationAmt06210
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0333042
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt03759
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0347234
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0324494
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0519
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt019500
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt03646
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0305253
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0347234
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt050727
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt05100
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt03361
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0283133
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0305253
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt029211
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt03730
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IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-3692
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt043924
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt020000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/LandGrp/BookValueAmt0219800
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0219800
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt099972
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1221901
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt22621
IRS990ScheduleD/OtherSecuritiesGrp/Desc0EQUITIES
IRS990ScheduleD/OtherSecuritiesGrp/Desc1FIXED INCOME
IRS990ScheduleD/OtherSecuritiesGrp/Desc2CASH
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TO MAINTAIN AN HISTORIC BUILDING AND TO PROVIDE A GATHERING PLACE FOR AREA CIVIC, NON-PROFIT AND SOCIAL FUNCTIONS. A CULTURAL LANDMARK DEDICATED IN 1881, THE ENDOWMENT FUND IS USED FOR THE RESTORATION OF THE LIBRARY TO ITS ORIGINAL SPLENDOR AND TURN-OF-THE-CENTURY ELEGANCE. PERIOD COLORS, DRAPERY, STAINED GLASS WINDOWS AND LIGHTING FIXTURES PROVIDE AN AWE-INSPIRING GLIMPSE OF THE VICTORIAN ERA, A TIME WHEN THE BENNETT WAS BILLERICA'S CULTURAL HUB AND MEETING DESTINATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0546632
IRS990ScheduleD/TotalBookValueSecuritiesAmt0324494
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HOLDS AN ENDOWMENT THAT IS MANAGED BY ENTERPRISE INVESTMENT ADVISORS LOCATED IN LOWELL, MA 01852 WITH GENERAL OVERSITE BY THE EXECUTIVES OF THE BOARD. GENERAL OBJECTIVES AND RISK TOLLERANCE ARE DETERMINED BY THE BOARD MEMBERS, BUT THE ACTIVE MANAGEMENT OF THE ASSETS; INCLUDING EXECUTION OF TRADES AND ASSET ALLOCATIONS ARE CONDUCTED BY THE ASSET MANAGERS AT ENTERPRISE INVESTMENT ADVISORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE DRAFT VERSION OF THE FORM 990 IS REVIEWED AND APPROVED BY THE OFFICERS OF THE BOARD AND THEN FORWARDED TO THE FULL BOARD OF TRUSTEES FOR REVIEW. AFTER THE FULL BOARD APPROVAL THE FORM 990 IS SIGNED AND FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH MEMBER OF THE BOARD IS REQUIRED TO COMPLETE AN ANNUAL QUESTIONAIRE ADDRESSING RELATIONSHIPS OR OTHER POTENTIAL AREAS OF CONFLICT OF INTEREST IN TERMS OF GOODS OR SERVICES. SUCH QUESTIONNAIRES ARE COLLECTED AND MONITORED INITIALLY BY THE PRESIDENT. ISSUES DEEMED IN POTENTIAL CONFLICT ARE REFERRED TO AND ADDRESSED BY A COMMITTEE OF THE BOARD FOR FURTHER CLARIFICATION AND RESOLUTION. IF A POSSIBLE CONFLICT IS IDENTIFIED AND REFERRED TO THE BOARD, PROCEDURES OUTLINED IN THE ORGANIZATION'S CONFLICT OF INTEREST POLICY ARE USED TO DETERMINE WHETHER AN ACTUAL CONFLICT EXISTS. SUCH PROCEDURES INCLUDE A REVIEW OF ALL OF THE FACTS AND CIRCUMSTANCES. THE AVAILABILITY OF ALTERNATE SERVICE PROVIDERS, AND THE ECONOMIC IMPACT ON THE ORGANIZATION AND THE ORGANIZATION'S MISSION. FINAL RESOLUTION OF A CONFLICT IS DOCUMENTED IN THE MINUTES OF THE BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION DOES NOT COMPENSATE ANY OF ITS MEMBERS, OFFICERS OR BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE LIBRARY'S FORM 990 (CURRENT AND PRIOR THREE YEARS) ARE AVAILABLE ON THE OFFICIAL WEBSITE OF THE ATTORNEY GENERAL OF MASSACHUSETTS AT WWW.CHARITIES.AGO.STATE.MA.US AND GUIDESTAR AT WWW2.GUIDESTAR.ORG. WE ALSO MAKE OUR FORM 990, FORM 1023, ARTICLES OF INCORPORATION, AND BYLAWS AVAILABLE TO THE PUBLIC UPON REQUEST. WE DO NOT MAKE OUR CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. IN ADDITION, OTHER GOVERNING DOCUMENTS ARE AVAILABLE AT THE OFFICIAL WEBSITE OF THE SECRETARY OF STATE OF MASSACHUSETTS AT: WWW.CORP.SEC.STATE.MA.US/CORP/CORPSEARCH/CORPSEARCHINPUT.ASP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE LIBRARY'S FORM 990 (CURRENT AND PRIOR THREE YEARS) ARE AVAILABLE ON THE OFFICIAL WEBSITE OF THE ATTORNEY GENERAL OF MASSACHUSETTS AT WWW.CHARITIES.AGO.STATE.MA.US AND GUIDESTAR AT WWW2.GUIDESTAR.ORG. WE ALSO MAKE OUR FORM 990, FORM 1023, ARTICLES OF INCORPORATION, AND BYLAWS AVAILABLE TO THE PUBLIC UPON REQUEST. WE DO NOT MAKE OUR CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6TRANSFER FROM TRUST FUND 19,500.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19

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