Civic Intelligence

Groton Public Library Endowment Trust

990 • Fiscal year 2020 • EIN 04-6819503

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 02, 2020

Organization Profilewww.gplendowment.org
PO Box 401Groton, MA 01450

(978) 448-8000

Siviq Scores

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

Liabilities / Assets

7th percentile

0.00x

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

7th percentile

0.00x

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

97th percentile

85%

Higher net margin than 97% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

52nd percentile

6.9%

Faster asset growth than 52% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

94th percentile

122%

Faster revenue growth than 94% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets7th percentile

Assets

Up

$3,040,506

Up $196,473 (+6.9%) from 2019

Net Assets

Up

$3,040,506

Up $196,473 (+6.9%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue7th percentileNet Margin97th percentile

Revenue

Up

$617,469

Up $339,277 (+122%) from 2019

Expenses

Down

$94,380

Down $2,008 (-2.1%) from 2019

Net Income

Up

$523,089

Up $341,285 (+188%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth52nd percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $1,738,033Liabilities 2011: $0Net Assets 2011: $1,738,0332011Assets 2012: $1,650,918Liabilities 2012: $0Net Assets 2012: $1,650,9182012Assets 2013: $1,928,562Liabilities 2013: $0Net Assets 2013: $1,928,5622013Assets 2014: $2,288,447Liabilities 2014: $0Net Assets 2014: $2,288,4472014Assets 2015: $2,298,962Liabilities 2015: $0Net Assets 2015: $2,298,9622015Assets 2016: $2,212,683Liabilities 2016: $0Net Assets 2016: $2,212,6832016Assets 2017: $2,554,006Liabilities 2017: $0Net Assets 2017: $2,554,0062017Assets 2018: $2,768,415Liabilities 2018: $0Net Assets 2018: $2,768,4152018Assets 2019: $2,844,033Liabilities 2019: $0Net Assets 2019: $2,844,0332019Assets 2020: $3,040,506Liabilities 2020: $0Net Assets 2020: $3,040,5062020Assets 2021: $3,984,554Liabilities 2021: $668Net Assets 2021: $3,983,8862021Assets 2022: $3,353,491Liabilities 2022: $1,759Net Assets 2022: $3,351,7322022Assets 2023: $3,717,449Liabilities 2023: $1,280Net Assets 2023: $3,716,1692023Assets 2024: $4,192,419Liabilities 2024: $2,460Net Assets 2024: $4,189,9592024Assets 2025: $4,649,449Liabilities 2025: $1,108Net Assets 2025: $4,648,3412025

Highlighted filing

2020

Assets$3,040,506
Liabilities$0
Net Assets$3,040,506
Open 2020 Filing

Operations Trend

Revenue Growth94th percentile

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

$800K$600K$400K$200K$0-$200KExpenses 2011: $74,9872011Expenses 2012: $148,3542012Revenue 2013: $341,533Expenses 2013: $63,889Net Income 2013: $277,6442013Revenue 2014: $435,292Expenses 2014: $75,407Net Income 2014: $359,8852014Revenue 2015: $155,124Expenses 2015: $70,920Net Income 2015: $84,2042015Revenue 2016: $165,210Expenses 2016: $81,462Net Income 2016: $83,7482016Revenue 2017: $149,951Expenses 2017: $77,226Net Income 2017: $72,7252017Revenue 2018: $177,268Expenses 2018: $87,436Net Income 2018: $89,8322018Revenue 2019: $278,192Expenses 2019: $96,388Net Income 2019: $181,8042019Revenue 2020: $617,469Expenses 2020: $94,380Net Income 2020: $523,0892020Revenue 2021: $294,594Expenses 2021: $89,332Net Income 2021: $205,2622021Revenue 2022: $92,944Expenses 2022: $113,663Net Income 2022: -$20,7192022Revenue 2023: $69,377Expenses 2023: $120,011Net Income 2023: -$50,6342023Revenue 2024: $199,720Expenses 2024: $173,330Net Income 2024: $26,3902024Revenue 2025: $178,598Expenses 2025: $150,667Net Income 2025: $27,9312025

Highlighted filing

2020

Revenue$617,469
Expenses$94,380
Net Income$523,089
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 2, 2020
Return Version
2019v5.0
Gross Receipts
$5,549,581
Mission and Program Overview

Mission

Suppport of the groton public library

Support of the groton public library

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,830,425$3,019,036▲ $188,611
Cash and Non-Interest-Bearing Accounts$13,608$21,470▲ $7,862
Total Assets$2,844,033$3,040,506▲ $196,473
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,844,033$3,040,506▲ $196,473
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$2,844,033$3,040,506▲ $196,473
Total Liabilities and Net Assets / Fund Balance$2,844,033$3,040,506▲ $196,473
Compensation and Service Providers
Top Officer Pay21st percentile

Board Members and Trustees

NameTitle
Connie KeeranChair
Vanessa AbrahamLibrary Director
John KonetznyTrustee
David ZeilerTrustee Liason
David RiggertSecretary Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$14,035
Program Service Revenue
$0
Investment Income
$603,434
Other Revenue
$0
All Other Contributions
$14,035
Change in Net Assets
$523,089
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$94,380
Total Fundraising Expense$4,681
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$9,273-$9,273
Other Expenses$0$1,036$0$1,036
Total Functional Expenses$79,390$10,309$4,681$94,380
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
Yes
Annual disclosure for covered persons
Yes
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
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

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Form 990, part vi, section b, line 11b distributed and reviewed by trustees prior to filing.”

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

“Policy revised and reviewed at trustee meeting”

Form 990, Part VI, Section C, Line 18

“Form 990, part vi, section c, line 18: upon request”

Form 990, Part VI, Section C, Line 19

“Form 990, part vi, section c, line 19: upon request”

Filing and Contact Details

Filer

Filer Name
Groton Public Library Endowment Tr
EIN
04-6819503
Phone
9784488000
Address
PO BOX 401, GROTON, MA 01450

Signing Officer

Name
Connie Keeran
Title
Chair
Phone
9783027938
Signed
2020-11-02

Organization Details

Principal Officer
Connie Keeran
Formed
1996
Legal Domicile
Ma
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
4
Supplemental Narrative

Additional Explanations

Form 990, Part IV, Line 1

“Form 990, part iv, section c, line 1 - control of management of supported orgs groton public library endowment trust provides support for the groton public library which is controlled by the town of groton massachusetts.”

Form 990, Part XII, Line 2C

“Form 990, part xii, line 2c there have been no changes”

Raw XML Appendix338 raw XML fields

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

Path#Value
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IRS990/BooksInCareOfDetail/USAddress/CityNm0Groton
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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IRS990/Form990PartVIISectionAGrp/TitleTxt2Trustee Liason
IRS990/Form990PartVIISectionAGrp/TitleTxt3Trustee
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IRS990/Form990ProvidedToGvrnBodyInd01
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IRS990/GovernmentGrantsAmt00
IRS990/GrantsToIndividualsInd00
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IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IncmFromInvestBondProceedsGrp/UnrelatedBusinessRevenueAmt00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InvestmentExpenseAmt00
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IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt02830425
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IRS990/IRPDocumentCnt013
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IRS990/LoanOutstandingInd00
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IRS990ScheduleA/FactsAndCircumstancesTestTxt0THE GROTON PUBLIC LIBRARY ENDOWMENT TRUST WAS FOUNDED IN 1996 TO ASSIST IN MAINTAINING THE QUALITY AND EXCELLENCE OF THE GROTON PUBLIC LIBARY IN GROTON, MA. THE ENDOWMENT WAS FUNDED WITH MONEY FROM MANY INDIVIDUALS IN GROTON, MA AND INVESTED AS A PERMANET ENDOWMENT, WITH A PERCENTAGE OF THE NET ASSETS USED TO FUND LIBRARY EXPENDITURES THROUGH A GRANT PROCESS. EACH YEAR, THE GROTON PUBLIC LIBRARY ENDOWMENT TRUST SENDS OUT A NEWSLETTER MAILED TO ALL HOUSEHOLDS IN GROTON DETAILING THE PROGRAMS THAT WERE SUPPORTED DURING THE PAST YEAR BY THE ENDOWMENT, AND SOLICITING FUNDS FOR THE ENDOWMENT. IN ADDITION, A MENTION IS MADE AT THE BEGINNING AND END OF ALL LIBRARY PROGRAMS FUNDED BY THE ENDOWMENT THAT THE ENDOWMENT HAS FUNDED THE PROGRAM, WITH A REQUEST FOR SUPPORT FOR THE ENDOWMENT. OCCASIONALLY EVENTS ARE HELD TO HONOR DONORS TO THE ENDOWMENT. ALL PROCEEDS OF THE ENDOWMENT ARE SPENT ON LIBRARY PROGRAMS AND RELATED COSTS. THE ENDOWMENT TRUST IS GOVERNED BY A BOARD OF TRUSTEES MADE UP OF THE GROTON PUBLIC LIBRARY DIRECTOR, A GROTON PUBLIC LIBRARY TRUSTEE, TWO MEMBERS APPOINTED BY THE GROTON PUBLIC LIBRARY TRUSTEES, AND ONE MEMBER APPOINTED BY THE GROTON TOWN MODERATOR, TO ENSURE THAT THE ENDOWMENT OPERATES FOR THE PUBLIC BENEFIT OF THE CITIZENS OF GROTON, MA.
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IRS990/ScheduleBRequiredInd00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990, PART IV, SECTION C, LINE 1 - CONTROL OF MANAGEMENT OF SUPPORTED ORGS GROTON PUBLIC LIBRARY ENDOWMENT TRUST PROVIDES SUPPORT FOR THE GROTON PUBLIC LIBRARY WHICH IS CONTROLLED BY THE TOWN OF GROTON MASSACHUSETTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990, PART VI, SECTION B, LINE 11B DISTRIBUTED AND REVIEWED BY TRUSTEES PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2POLICY REVISED AND REVIEWED AT TRUSTEE MEETING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990, PART VI, SECTION C, LINE 18: UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 990, PART VI, SECTION C, LINE 19: UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FORM 990, PART XII, LINE 2C THERE HAVE BEEN NO CHANGES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part IV, Line 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XII, Line 2c
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02844033
IRS990/TotalAssetsEOYAmt03040506
IRS990/TotalAssetsGrp/BOYAmt02844033
IRS990/TotalAssetsGrp/EOYAmt03040506
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt014035
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt04681
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt010309
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt079390
IRS990/TotalFunctionalExpensesGrp/TotalAmt094380
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02844033
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03040506
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt079390
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0603434
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0617469
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02844033
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03040506
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0123 FARMERS ROW
IRS990/USAddress/CityNm0GROTON
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001450
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0www.gplendowment.org
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Connie Keeran
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chair
ReturnHeader/BusinessOfficerGrp/PhoneNum09783027938
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GROTON PUBLIC LIBRARY ENDOWMENT TR
ReturnHeader/Filer/BusinessNameControlTxt0GROT
ReturnHeader/Filer/EIN0046819503
ReturnHeader/Filer/PhoneNum09784488000
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 401
ReturnHeader/Filer/USAddress/CityNm0GROTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd001450
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt067.180.61.24
ReturnHeader/ReturnTs02020-10-23T12:13:09-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,040,506
Liabilities
$0
Net assets
$3,040,506
Revenue
$617,469
Expenses
$94,380
Net income
$523,089
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.65$0.00$4.65$0.18$0.15$0.03
2024Detailed filing. Detailed filing data is available for this year.$4.19$0.00$4.19$0.20$0.17$0.03
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.72$0.00$3.72$0.07$0.12$0.05
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.35$0.00$3.35$0.09$0.11$0.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.98$0.00$3.98$0.29$0.09$0.21
2020Detailed filing. Detailed filing data is available for this year.$3.04$0.00$3.04$0.62$0.09$0.52
2019Summary only. Only limited summary data is available for this year.$2.84$0.00$2.84$0.28$0.10$0.18
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.77$0.00$2.77$0.18$0.09$0.09
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.55$0.00$2.55$0.15$0.08$0.07
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.21$0.00$2.21$0.17$0.08$0.08
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.30$0.00$2.30$0.16$0.07$0.08
2014Detailed filing. Detailed filing data is available for this year.$2.29$0.00$2.29$0.44$0.08$0.36
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.93$0.00$1.93$0.34$0.06$0.28
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.65$0.00$1.65$0.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.74$0.00$1.74$0.07