Civic Intelligence

Groton Public Library Endowment Trust

990 • Fiscal year 2016 • EIN 04-6819503

Jul 01, 2015 to Jun 30, 2016 • Filed on Oct 12, 2016

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

13th percentile

0.00x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

13th percentile

0.00x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

92nd percentile

51%

Higher net margin than 92% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

26th percentile

-3.8%

Faster asset growth than 26% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

59th percentile

6.5%

Faster revenue growth than 59% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets13th percentile

Assets

Down

$2,212,683

Down $86,279 (-3.8%) from 2015

Net Assets

Down

$2,212,683

Down $86,279 (-3.8%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue And Expenses
Liabilities / Revenue13th percentileNet Margin92nd percentile

Revenue

Up

$165,210

Up $10,086 (+6.5%) from 2015

Expenses

Up

$81,462

Up $10,542 (+15%) from 2015

Net Income

Down

$83,748

Down $456 (-0.5%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth26th 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

2016

Assets$2,212,683
Liabilities$0
Net Assets$2,212,683
Open 2016 Filing

Operations Trend

Revenue Growth59th 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

2016

Revenue$165,210
Expenses$81,462
Net Income$83,748
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Oct 12, 2016
Return Version
2015v2.1
Gross Receipts
$200,289
Mission and Program Overview

Mission

Suppport of the groton public library

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,284,724$2,209,792▼ $74,932
Savings and Temporary Cash Investments$14,238$2,891▼ $11,347
Total Assets$2,298,962$2,212,683▼ $86,279
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$2,298,962$2,212,683▼ $86,279
Total Net Assets Fund Balance$2,298,962$2,212,683▼ $86,279
Total Liabilities and Net Assets / Fund Balance$2,298,962$2,212,683▼ $86,279
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Connie Keeran LapresChairperson
David B AlexanderTrustee
Kristen Von CampeTrustee Liai
Vanessa AbrahamLibrary Dire
Edward H StrachanSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$20,116
Program Service Revenue
$0
Investment Income
$145,094
Other Revenue
$0
All Other Contributions
$20,116
Change in Net Assets
$83,748
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$81,462
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
Office Expenses-$6,097-$6,097
Fees for Services Accounting-$1,800-$1,800
Other Expenses$72,210$1,355-$1,355
Total Functional Expenses$72,210$9,252$0$81,462
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
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, Page 6, Part VI, Line 11B

“Form 990 distributed and reviewed by trustees prior to filing.”

Form 990, Page 6, Part VI, Line 12C

“Policy revised & reviewed at trustee meeting.”

Form 990, Page 6, Part VI, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

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

Signing Officer

Name
Edward H Strachan
Title
Secretary/treasurer
Phone
9784488000
Signed
2016-10-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Edward H Strachan
Formed
1996
Legal Domicile
Ma
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Venning & Jacques Inc
Address
43 LENNON ST, GARDNER, MA 01440-3907
Preparer
Gerald L Bankowski CPA
Phone
9786324080
Raw XML Appendix287 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 TRUST 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, 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 AN 8 PAGE 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 ALSO 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.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE GROTON PUBLIC LIBRARY ENDOWMENT TRUST 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, 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 AN 8 PAGE 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 ALSO 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.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1GROTON PUBLIC LIBRARY ENDOWNMENT TRUST PROVIDES SUPPORT FOR THE GROTON PUBLIC LIBRARY CONTROLLED BY THE TOWN OF GROTON MASSACHUSETTS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 DISTRIBUTED AND REVIEWED BY TRUSTEES PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1POLICY REVISED & REVIEWED AT TRUSTEE MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST
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IRS990/UnrestrictedNetAssetsGrp/EOYAmt02212683
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 75
IRS990/USAddress/CityNm0GROTON
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001450
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0EDWARD H STRACHAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09784488000
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-10-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GROTON PUBLIC LIBRARY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ENDOWMENT TRUST
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/PreparerFirmGrp/PreparerFirmEIN0042649836
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0VENNING & JACQUES INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt043 LENNON ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GARDNER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0014403907
ReturnHeader/PreparerPersonGrp/PhoneNum09786324080
ReturnHeader/PreparerPersonGrp/PreparationDt02016-10-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GERALD L BANKOWSKI CPA
ReturnHeader/ReturnTs02016-10-12T10:45:53-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,212,683
Liabilities
$0
Net assets
$2,212,683
Revenue
$165,210
Expenses
$81,462
Net income
$83,748
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
2016Detailed filing. Detailed filing data is available for this year.$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