Civic Intelligence

Groton Public Library Endowment Trust

990 • Fiscal year 2022 • EIN 04-6819503

Jul 01, 2021 to Jun 30, 2022 • Filed on Nov 03, 2022

Organization ProfileWWW.GPLENDOWMENT.ORG
PO Box 401Groton, MA 01450-0401

(978) 448-2652

Siviq Scores

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

Liabilities / Assets

19th percentile

0.00x

Higher debt load relative to assets than 19% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

30th percentile

0.02x

Higher debt load relative to revenue than 30% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

13th percentile

-22%

Higher net margin than 13% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

11th percentile

-16%

Faster asset growth than 11% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

4th percentile

-68%

Faster revenue growth than 4% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets19th percentile

Assets

Down

$3,353,491

Down $631,063 (-16%) from 2021

Net Assets

Down

$3,351,732

Down $632,154 (-16%) from 2021

Liabilities

Up

$1,759

Up $1,091 (+163%) from 2021

Revenue And Expenses
Liabilities / Revenue30th percentileNet Margin13th percentile

Revenue

Down

$92,944

Down $201,650 (-68%) from 2021

Expenses

Up

$113,663

Up $24,331 (+27%) from 2021

Net Income

Down

-$20,719

Down $225,981 (-110%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth11th 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

2022

Assets$3,353,491
Liabilities$1,759
Net Assets$3,351,732
Open 2022 Filing

Operations Trend

Revenue Growth4th 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

2022

Revenue$92,944
Expenses$113,663
Net Income-$20,719
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Nov 3, 2022
Return Version
2021v4.2
Gross Receipts
$96,321
Mission and Program Overview

Mission

Suppport of the groton public library

Groton public library endowment trust provides support for the groton public library which is controlled by the town of groton massachusetts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,970,919$3,332,927▼ $637,992
Cash and Non-Interest-Bearing Accounts$13,636$20,564▲ $6,928
Total Assets$3,984,555$3,353,491▼ $631,064
Liabilities
Accounts Payable and Accrued Expenses$668$1,759▲ $1,091
Total Liabilities$668$1,759▲ $1,091
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,983,887$3,351,732▼ $632,155
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$3,983,887$3,351,732▼ $632,155
Total Liabilities and Net Assets / Fund Balance$3,984,555$3,353,491▼ $631,064
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Michael WoodsChair
Jane AllenDirector
Sam MorrowDirector
Vanessa AbrahamDirector
John KonetznyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$26,253
Program Service Revenue
$0
Investment Income
$66,691
Other Revenue
$0
All Other Contributions
$26,253
Change in Net Assets
$-20,719
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$113,663
Total Fundraising Expense$3,662
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-$5,182-$5,182
Other Expenses$102,216$2,603$3,662$2,603
Total Functional Expenses$102,216$7,785$3,662$113,663
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
Backup withholding compliance
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

“Distributed and reviewed by trustees prior to filing.”

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

“Policy review at trustee meeting.”

Form 990, Part VI, Section C, Line 18

“UPON REQUEST”

Form 990, Part VI, Section C, Line 19

“UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Groton Public Library Endowment Trust
EIN
04-6819503
Phone
9784482652
Address
PO BOX 401, GROTON, MA 01450-0401

Signing Officer

Name
Vanessa Abraham
Title
Library Director
Phone
6035667766
Signed
2022-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Vanessa Abraham
Formed
1996
Legal Domicile
Ma
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
3

Preparer

Firm
Spinelli CPA Pc
Address
146 WEST BOYLSTON DRIVE SUITE 302, WORCESTER, MA 01606
Preparer
Karen Spinelli
Phone
5083656522
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“No changes from prior year.”

Raw XML Appendix320 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.

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IRS990ScheduleA/FactsAndCircumstancesTestTxt0THE GROTON PUBLIC LIBRARY ENDOWMENT WAS FOUNDED IN 1996 TO ASSIST IN MAINTAINING THE QUALITY AND EXCELLENCE OF THE GROTON PUBLIC LIBRARY IN GROTON, MA. THE ENDOWMENT WAS FUNDED WITH MONEY FROM MANY INDIVIDUALS IN GROTON, MA AND INVESTED AS A PERMANENT 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DISTRIBUTED AND REVIEWED BY TRUSTEES PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1POLICY REVIEW AT TRUSTEE MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO CHANGES FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
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IRS990/TotalRevenueGrp/ExclusionAmt066691
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt092944
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03984555
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03353491
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 401
IRS990/USAddress/CityNm0GROTON
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd0014500401
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.GPLENDOWMENT.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0VANESSA ABRAHAM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0LIBRARY DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06035667766
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GROTON PUBLIC LIBRARY ENDOWMENT TRUST
ReturnHeader/Filer/BusinessNameControlTxt0GROT
ReturnHeader/Filer/EIN0046819503
ReturnHeader/Filer/PhoneNum09784482652
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 401
ReturnHeader/Filer/USAddress/CityNm0GROTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd0014500401
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0825448715
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SPINELLI CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0146 WEST BOYLSTON DRIVE SUITE 302
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WORCESTER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd001606
ReturnHeader/PreparerPersonGrp/PhoneNum05083656522
ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KAREN SPINELLI
ReturnHeader/ReturnTs02022-11-03T15:15:22-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0VANESSA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ABRAHAM
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,353,491
Liabilities
$1,759
Net assets
$3,351,732
Revenue
$92,944
Expenses
$113,663
Net income
-$20,719
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
2022Detailed filing. Detailed filing data is available for this year.$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
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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