Civic Intelligence

Groton Public Library Endowment Trust

990 • Fiscal year 2024 • EIN 04-6819503

Jul 01, 2023 to Jun 30, 2024 • Filed on Nov 07, 2024

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

21st percentile

0.00x

Higher debt load relative to assets than 21% of similar nonprofits.

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

Liabilities / Revenue

30th percentile

0.01x

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

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

Net Margin

65th percentile

13%

Higher net margin than 65% 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

70th percentile

13%

Faster asset growth than 70% of similar nonprofits.

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

Revenue Growth

95th percentile

188%

Faster revenue growth than 95% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets21st percentile

Assets

Up

$4,192,419

Up $474,970 (+13%) from 2023

Net Assets

Up

$4,189,959

Up $473,790 (+13%) from 2023

Liabilities

Up

$2,460

Up $1,180 (+92%) from 2023

Revenue And Expenses
Liabilities / Revenue30th percentileNet Margin65th percentile

Revenue

Up

$199,720

Up $130,343 (+188%) from 2023

Expenses

Up

$173,330

Up $53,319 (+44%) from 2023

Net Income

Up

$26,390

Up $77,024 (+152%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth70th 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

2024

Assets$4,192,419
Liabilities$2,460
Net Assets$4,189,959
Open 2024 Filing

Operations Trend

Revenue Growth95th 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

2024

Revenue$199,720
Expenses$173,330
Net Income$26,390
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Nov 7, 2024
Return Version
2023v5.1
Gross Receipts
$333,006
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$3,715,270$4,156,195▲ $440,925
Cash and Non-Interest-Bearing Accounts$2,179$36,224▲ $34,045
Total Assets$3,717,449$4,192,419▲ $474,970
Liabilities
Accounts Payable and Accrued Expenses$1,280$2,460▲ $1,180
Total Liabilities$1,280$2,460▲ $1,180
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,716,169$4,189,959▲ $473,790
Total Net Assets Fund Balance$3,716,169$4,189,959▲ $473,790
Total Liabilities and Net Assets / Fund Balance$3,717,449$4,192,419▲ $474,970

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$3,716,169$21,195▲ $625,925$159,335$4,189,959
2022$3,351,731$23,139▲ $461,310$106,066$3,716,169
2021$3,983,886$22,876▼ $541,368$102,216$3,351,731
2020$3,040,506$16,740▲ $1,015,972$78,762$3,983,886
2019$2,844,033$14,035▲ $276,818$79,390$3,040,506
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Michael WoodsChair
David ZeilerDirector
Sam MorrowDirector
Vanessa AbrahamDirector
John KonetznyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$21,195
Program Service Revenue
$0
Investment Income
$178,525
Other Revenue
$0
All Other Contributions
$21,195
Change in Net Assets
$26,390
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$173,330
Total Fundraising Expense$4,433
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$6,290$2,626-$8,916
Advertising$7,177--$7,177
Fees for Services Accounting-$6,936-$6,936
Other Expenses$4,560-$4,433$4,433
Office Expenses$1,625--$1,625
Total Functional Expenses$159,335$9,562$4,433$173,330
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
2024-11-07
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
0

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 Appendix357 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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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-541368
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0102216
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt010570
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt03040506
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt016740
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt03983886
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01015972
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt078762
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt014990
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt02844033
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt014035
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt03040506
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0276818
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt079390
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
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:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03717449
IRS990/TotalAssetsEOYAmt04192419
IRS990/TotalAssetsGrp/BOYAmt03717449
IRS990/TotalAssetsGrp/EOYAmt04192419
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt021195
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt04433
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt09562
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0159335
IRS990/TotalFunctionalExpensesGrp/TotalAmt0173330
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01280
IRS990/TotalLiabilitiesEOYAmt02460
IRS990/TotalLiabilitiesGrp/BOYAmt01280
IRS990/TotalLiabilitiesGrp/EOYAmt02460
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03716169
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04189959
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0159335
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0178525
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0199720
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03717449
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04192419
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/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0VANESSA ABRAHAM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0LIBRARY DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06035667766
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-07
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/IRSResponsiblePrtyInfoCurrInd01
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/PreparationDt02024-11-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KAREN SPINELLI
ReturnHeader/ReturnTs02024-11-07T16:45:39-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$4,192,419
Liabilities
$2,460
Net assets
$4,189,959
Revenue
$199,720
Expenses
$173,330
Net income
$26,390
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
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