Civic Intelligence

Willett Free Library

EIN 05-0265616 • 501(c)3 • Saunderstown, RI

Profile

Library - Free use of books and magazines by the general public.

45 Ferry RoadSaunderstown, RI 02874

www.willettfree.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

19th percentile

0.00x

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

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

Liabilities / Revenue

22nd percentile

0.00x

Higher debt load relative to revenue than 22% of similar nonprofits.

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

Net Margin

63rd percentile

12%

Higher net margin than 63% of similar nonprofits.

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

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

59th percentile

7.3%

Faster asset growth than 59% of similar nonprofits.

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

Revenue Growth

85th percentile

50%

Faster revenue growth than 85% of similar nonprofits.

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

Assets

Up

$1,460,156

Up $99,600 (+7.3%) from 2023

Liabilities

Up

$285

Up $148 (+108%) from 2023

Net Assets

Up

$1,459,871

Up $99,452 (+7.3%) from 2023

Revenue

Up

$179,846

Up $60,311 (+50%) from 2023

Expenses

Up

$158,947

Up $13,497 (+9.3%) from 2023

Net Income

Up

$20,899

Up $46,814 (+181%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2010: $319,484Net Assets 2010: $319,4842010Assets 2011: $388,889Liabilities 2011: $8,5662011Assets 2012: $848,433Liabilities 2012: $0Net Assets 2012: $848,4332012Assets 2013: $965,483Liabilities 2013: $0Net Assets 2013: $965,4832013Assets 2014: $1,075,179Liabilities 2014: $0Net Assets 2014: $1,075,1792014Assets 2015: $1,075,530Liabilities 2015: $0Net Assets 2015: $1,075,5302015Assets 2016: $1,074,969Liabilities 2016: $0Net Assets 2016: $1,074,9692016Assets 2017: $1,151,598Liabilities 2017: $0Net Assets 2017: $1,151,5982017Assets 2018: $1,177,212Liabilities 2018: $0Net Assets 2018: $1,177,2122018Assets 2019: $1,147,353Liabilities 2019: $0Net Assets 2019: $1,147,3532019Assets 2020: $1,149,373Liabilities 2020: $0Net Assets 2020: $1,149,3732020Assets 2021: $1,381,356Liabilities 2021: $0Net Assets 2021: $1,381,3562021Assets 2022: $1,328,265Liabilities 2022: $0Net Assets 2022: $1,328,2652022Assets 2023: $1,360,556Liabilities 2023: $137Net Assets 2023: $1,360,4192023Assets 2024: $1,460,156Liabilities 2024: $285Net Assets 2024: $1,459,8712024

Highlighted filing

2024

Assets$1,460,156
Liabilities$285
Net Assets$1,459,871

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2010: $89,698Expenses 2010: $70,835Net Income 2010: $18,8632010Revenue 2011: $89,661Expenses 2011: $69,627Net Income 2011: $20,0342011Revenue 2012: $501,751Expenses 2012: $59,267Net Income 2012: $442,4842012Revenue 2013: $132,175Expenses 2013: $78,309Net Income 2013: $53,8662013Revenue 2014: $165,573Expenses 2014: $98,086Net Income 2014: $67,4872014Revenue 2015: $132,391Expenses 2015: $98,429Net Income 2015: $33,9622015Revenue 2016: $100,834Expenses 2016: $115,071Net Income 2016: -$14,2372016Revenue 2017: $187,134Expenses 2017: $123,927Net Income 2017: $63,2072017Revenue 2018: $158,449Expenses 2018: $133,516Net Income 2018: $24,9332018Revenue 2019: $101,964Expenses 2019: $131,821Net Income 2019: -$29,8572019Revenue 2020: $152,745Expenses 2020: $124,921Net Income 2020: $27,8242020Revenue 2021: $128,944Expenses 2021: $112,866Net Income 2021: $16,0782021Revenue 2022: $211,506Expenses 2022: $135,189Net Income 2022: $76,3172022Revenue 2023: $119,535Expenses 2023: $145,450Net Income 2023: -$25,9152023Revenue 2024: $179,846Expenses 2024: $158,947Net Income 2024: $20,8992024

Highlighted filing

2024

Revenue$179,846
Expenses$158,947
Net Income$20,899

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.46$0.00$1.46$0.18$0.16$0.02
2023Detailed filing. Detailed filing data is available for this year.$1.36$0.00$1.36$0.12$0.15$0.03
2022Detailed filing. Detailed filing data is available for this year.$1.33$0.00$1.33$0.21$0.14$0.08
2021Detailed filing. Detailed filing data is available for this year.$1.38$0.00$1.38$0.13$0.11$0.02
2020Detailed filing. Detailed filing data is available for this year.$1.15$0.00$1.15$0.15$0.12$0.03
2019Detailed filing. Detailed filing data is available for this year.$1.15$0.00$1.15$0.10$0.13$0.03
2018Detailed filing. Detailed filing data is available for this year.$1.18$0.00$1.18$0.16$0.13$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.15$0.00$1.15$0.19$0.12$0.06
2016Detailed filing. Detailed filing data is available for this year.$1.07$0.00$1.07$0.10$0.12$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.08$0.00$1.08$0.13$0.10$0.03
2014Summary only. Only limited summary data is available for this year.$1.08$0.00$1.08$0.17$0.10$0.07
2013Summary only. Only limited summary data is available for this year.$0.97$0.00$0.97$0.13$0.08$0.05
2012Summary only. Only limited summary data is available for this year.$0.85$0.00$0.85$0.50$0.06$0.44
2011Summary only. Only limited summary data is available for this year.$0.39$0.01$0.09$0.07$0.02
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.32$0.32$0.09$0.07$0.02
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 8, 2025
Return Version
2023v6.0
Gross Receipts
$179,846
Mission and Program Overview

Mission

Library - Free use of books and magazines by the general public.

Education

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,085,211$1,158,969▲ $73,758
Land, Buildings, and Equipment, Net$257,601$231,538▼ $26,063
Cash and Non-Interest-Bearing Accounts$17,744$44,124▲ $26,380
Savings and Temporary Cash Investments-$25,525-
Total Assets$1,360,556$1,460,156▲ $99,600
Liabilities
Accounts Payable and Accrued Expenses$137$285▲ $148
Total Liabilities$137$285▲ $148
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,085,211$1,156,713▲ $71,502
Net Assets Without Donor Restrictions$275,208$303,158▲ $27,950
Total Net Assets Fund Balance$1,360,419$1,459,871▲ $99,452
Total Liabilities and Net Assets / Fund Balance$1,360,556$1,460,156▲ $99,600

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$204,277$276,322$480,599
Equipment$4,306$37,919$42,225
Land$22,955-$22,955
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$136,278
Program Service Revenue
$255
Investment Income
$43,313
Other Revenue
$0
All Other Contributions
$62,361
Change in Net Assets
$20,899
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$83,450
Salaries, Compensation, and Employee Benefits$75,497
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$69,274--$69,274
Depreciation Depletion$26,062--$26,062
Information Technology$15,174--$15,174
Fees for Service Investment Mgmnt Fees-$9,409-$9,409
Occupancy$9,335--$9,335
Payroll Taxes$6,223--$6,223
Other Expenses$5,117$973-$5,117
Insurance-$1,404-$1,404
Fees for Services Accounting-$980-$980
Office Expenses-$777-$777
Total Functional Expenses$145,404$13,543$0$158,947
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Small events bake sale, Garden Tour, Summer Party, Concert$29,763---
Total Events$29,763---
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
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 11A

990 is presented to board members prior to submitting to the IRS

Form 990, Part VI, Section C, Line 19

Discussed at board meetings

Filing and Contact Details

Filer

Filer Name
Willett Free Library
EIN
05-0265616
Phone
4012942081
Address
45 Ferry Road, Saunderstown, RI 02874

Signing Officer

Name
Elizabeth Marcotte
Title
Treasurer
Phone
4012942081
Signed
2025-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elizabeth Marcotte
Formed
1905
Legal Domicile
Ri
Voting Board Members
11
Independent Board Members
11
Employees
8

Preparer

Firm
Dolores Ricci-Norcott CPA
Address
20 Black Oak Dr, Attleboro, MA 02703
Preparer
Dolores Ricci-Norcott
Phone
5082264566
Raw XML AppendixShowing 400 of 428 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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IRS990/Form990PartVIISectionAGrp/PersonNm0Ellie Ferguson
IRS990/Form990PartVIISectionAGrp/PersonNm1Amy Paulsen
IRS990/Form990PartVIISectionAGrp/PersonNm2Matt Waters
IRS990/Form990PartVIISectionAGrp/PersonNm3Whit Hill
IRS990/Form990PartVIISectionAGrp/PersonNm4John McDermott
IRS990/Form990PartVIISectionAGrp/PersonNm5Michael Pilson
IRS990/Form990PartVIISectionAGrp/PersonNm6Ady Wheeler
IRS990/Form990PartVIISectionAGrp/PersonNm7Betty Marcotte
IRS990/Form990PartVIISectionAGrp/PersonNm8Paula Schonewald
IRS990/Form990PartVIISectionAGrp/PersonNm9Patrick Koelle
IRS990/Form990PartVIISectionAGrp/PersonNm10Sue Greenfield
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IRS990/PayrollTaxesGrp/TotalAmt06223
IRS990/PensionPlanContributionsGrp/TotalAmt00
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IRS990/PrincipalOfficerNm0Elizabeth Marcotte
IRS990/ProfessionalFundraisingInd0false
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IRS990/PYTotalRevenueAmt0119535
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IRS990/RevenueAmt071580
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt025525
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0136278
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0135390
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt082191
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0123569
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0563887
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt043313
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt028898
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt071015
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt041760
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt023718
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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt04924
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt04704
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt05458
IRS990ScheduleA/OtherIncome170Grp/TotalAmt019519
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IRS990ScheduleA/PublicSupportCY170Pct00.71190
IRS990ScheduleA/PublicSupportPY170Pct00.68210
IRS990ScheduleA/PublicSupportTotal170Amt0563887
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
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IRS990ScheduleD/EquipmentGrp/BookValueAmt04306
IRS990ScheduleD/EquipmentGrp/DepreciationAmt037919
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt042225
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt022955
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt022955
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0204277
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0276322
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0480599
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
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IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt029763
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt029763
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Small events bake sale, Garden Tour, Summer Party, Concert
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IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0990 is presented to board members prior to submitting to the IRS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Discussed at board meetings
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
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IRS990/SignificantChangeInd0false
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0145404
IRS990/TotalFunctionalExpensesGrp/TotalAmt0158947
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt0285
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IRS990/TotalProgramServiceExpensesAmt0145404
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0179846
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01460156
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt045 Ferry Rd
IRS990/USAddress/CityNm0Saunderstown
IRS990/USAddress/StateAbbreviationCd0RI
IRS990/USAddress/ZIPCd002874
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0www.willettfree.org/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true

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