Civic Intelligence

Groton Public Library Endowment Trust

990 • Fiscal year 2018 • EIN 04-6819503

Jul 01, 2017 to Jun 30, 2018 • Filed on Oct 22, 2018

Organization ProfileN/A
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

14th percentile

0.00x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

14th percentile

0.00x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

91st percentile

51%

Higher net margin than 91% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

70th percentile

8.4%

Faster asset growth than 70% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

73rd percentile

18%

Faster revenue growth than 73% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets14th percentile

Assets

Up

$2,768,415

Up $214,409 (+8.4%) from 2017

Net Assets

Up

$2,768,415

Up $214,409 (+8.4%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin91st percentile

Revenue

Up

$177,268

Up $27,317 (+18%) from 2017

Expenses

Up

$87,436

Up $10,210 (+13%) from 2017

Net Income

Up

$89,832

Up $17,107 (+24%) from 2017

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

2018

Assets$2,768,415
Liabilities$0
Net Assets$2,768,415
Open 2018 Filing

Operations Trend

Revenue Growth73rd 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

2018

Revenue$177,268
Expenses$87,436
Net Income$89,832
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Oct 22, 2018
Return Version
2017v2.2
Gross Receipts
$208,226
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$2,513,089$2,756,957▲ $243,868
Cash and Non-Interest-Bearing Accounts$40,917$11,458▼ $29,459
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$2,554,006$2,768,415▲ $214,409
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$2,554,006$2,768,415▲ $214,409
Total Net Assets Fund Balance$2,554,006$2,768,415▲ $214,409
Total Liabilities and Net Assets / Fund Balance$2,554,006$2,768,415▲ $214,409
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Connie KeeranChairperson
David RiggertTrustee
David ZeilerTrustee Liaison
Vanessa AbrahamLibrary Direc.
Edward H StrachanSecretary/Treas
Revenue and Support

Revenue Composition

Contributions and Grants
$7,150
Program Service Revenue
$0
Investment Income
$169,316
Other Revenue
$802
All Other Contributions
$7,150
Change in Net Assets
$89,832
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$87,436
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
Fees for Services Accounting-$3,265-$3,265
Other Expenses$78,992$1,273-$1,273
Total Functional Expenses$78,992$8,444$0$87,436
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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, Part VI, Line 11B: Form 990 Review Process

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

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Policy revised & reviewed at trustee meeting.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“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
Signed
2018-10-22
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
Preparer
Gerald L Bankowski CPA
Phone
9786324080
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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/FactsAndCircumstancesTestTxt0Prior Year Facts and Circumstances: The Groton Public Library Endowment Trust was founded in 1996 to assist inmaintaining the quality and excellence of the Groton Public Library inGroton, MA. The Endowment was funded with money from many individuals inGroton, and invested as a permanent endowment, with a percentage of the netassets used to fund library expenditures through a grant process.Each year, the Groton Public Library Endowment Trust sends out an 8 pagenewsletter mailed to all households in Groton detailing the programs thatwere supported during the past year by the Endowment, and soliciting fundsfor the Endowment. In addition, a mention is made at the beginning and endof all library programs funded by the Endowment that the Endowment hasfunded the program, with a request for support for the Endowment.Occasionally events are also held to honor donors to the Endowment. Allproceeds of the Endowment are spent on library programs and related costs.The Endowment Trust is governed by a Board of Trustees made up of theGroton Public Library Director, a Groton Public Library Trustee, twomembers appointed by the Groton Public Library Trustees, and one memberappointed by the Groton Town Moderator, to ensure that the Endowmentoperates for the public benefit of the citizens of Groton.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0GROTON PUBLIC LIBRARY ENDOWMENT TRUST PROVIDES SUPPORT FOR THE GROTON PUBLIC LIBRARY CONTROLLED BY THE TOWN OF GROTON MASSACHUSETTS.
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IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0191075
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.25610
IRS990ScheduleA/PublicSupportPY170Pct00.26730
IRS990ScheduleA/PublicSupportTotal170Amt065790
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt07150
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt015251
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt020116
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt011292
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt011981
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt065790
IRS990ScheduleA/TotalSupportAmt0256865
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 distributed and reviewed by trustees prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1POLICY REVISED & REVIEWED AT TRUSTEE MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02554006
IRS990/TotalAssetsEOYAmt02768415
IRS990/TotalAssetsGrp/BOYAmt02554006
IRS990/TotalAssetsGrp/EOYAmt02768415
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt07150
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt08444
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt078992
IRS990/TotalFunctionalExpensesGrp/TotalAmt087436
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02554006
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02768415
IRS990/TotalProgramServiceExpensesAmt078992
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0150250
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt019868
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0177268
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02554006
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02768415
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02554006
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02768415
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 75
IRS990/USAddress/CityNm0GROTON
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001450
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0EDWARD H STRACHAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Secretary/Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-10-22
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/ZIPCd001440
ReturnHeader/PreparerPersonGrp/PhoneNum09786324080
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Gerald L Bankowski CPA
ReturnHeader/ReturnTs02018-10-22T08:25:27-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,768,415
Liabilities
$0
Net assets
$2,768,415
Revenue
$177,268
Expenses
$87,436
Net income
$89,832
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
2018Detailed filing. Detailed filing data is available for this year.$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