Civic Intelligence

The Wellesley Free Library Foundation Inc

990 • Fiscal year 2016 • EIN 26-3194155

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 03, 2016

Organization ProfileN/A
530 Washington StreetWellesley, MA 02482

(781) 235-1610

Siviq Scores

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

Liabilities / Assets

14th percentile

0.01x

Higher debt load relative to assets than 14% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

18th percentile

0.04x

Higher debt load relative to revenue than 18% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

91st percentile

47%

Higher net margin than 91% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

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

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

71st percentile

8.8%

Faster asset growth than 71% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

1st percentile

-83%

Faster revenue growth than 1% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets14th percentile

Assets

Up

$5,021,054

Up $405,923 (+8.8%) from 2015

Net Assets

Up

$4,992,549

Up $397,167 (+8.6%) from 2015

Liabilities

Up

$28,505

Up $8,756 (+44%) from 2015

Revenue And Expenses
Liabilities / Revenue18th percentileNet Margin91st percentile

Revenue

Down

$779,786

Down $3,802,106 (-83%) from 2015

Expenses

Down

$414,075

Down $13,683 (-3.2%) from 2015

Net Income

Down

$365,711

Down $3,788,423 (-91%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth71st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $129,285Liabilities 2011: $2,085Net Assets 2011: $127,2002011Assets 2012: $328,905Liabilities 2012: $6,235Net Assets 2012: $322,6702012Assets 2013: $460,859Liabilities 2013: $6,085Net Assets 2013: $454,7742013Assets 2014: $543,652Liabilities 2014: $6,085Net Assets 2014: $537,5672014Assets 2015: $4,615,131Liabilities 2015: $19,749Net Assets 2015: $4,595,3822015Assets 2016: $5,021,054Liabilities 2016: $28,505Net Assets 2016: $4,992,5492016Assets 2017: $5,114,884Liabilities 2017: $126,533Net Assets 2017: $4,988,3512017Assets 2018: $5,399,879Liabilities 2018: $146,014Net Assets 2018: $5,253,8652018Assets 2019: $5,462,521Liabilities 2019: $119,885Net Assets 2019: $5,342,6362019Assets 2020: $5,458,539Liabilities 2020: $99,649Net Assets 2020: $5,358,8902020Assets 2021: $6,911,551Liabilities 2021: $539,429Net Assets 2021: $6,372,1222021Assets 2022: $6,682,036Liabilities 2022: $336,555Net Assets 2022: $6,345,4812022Assets 2023: $6,745,076Liabilities 2023: $325,532Net Assets 2023: $6,419,5442023Assets 2024: $7,071,783Liabilities 2024: $388,059Net Assets 2024: $6,683,7242024Assets 2025: $7,766,428Liabilities 2025: $310,383Net Assets 2025: $7,456,0452025

Highlighted filing

2016

Assets$5,021,054
Liabilities$28,505
Net Assets$4,992,549
Open 2016 Filing

Operations Trend

Revenue Growth1st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $31,4712011Expenses 2012: $99,3322012Expenses 2013: $103,9862013Revenue 2014: $309,806Expenses 2014: $227,013Net Income 2014: $82,7932014Revenue 2015: $4,581,892Expenses 2015: $427,758Net Income 2015: $4,154,1342015Revenue 2016: $779,786Expenses 2016: $414,075Net Income 2016: $365,7112016Revenue 2017: $340,031Expenses 2017: $343,795Net Income 2017: -$3,7642017Revenue 2018: $672,807Expenses 2018: $414,186Net Income 2018: $258,6212018Revenue 2019: $312,151Expenses 2019: $445,407Net Income 2019: -$133,2562019Revenue 2020: $735,877Expenses 2020: $448,909Net Income 2020: $286,9682020Revenue 2021: $1,230,094Expenses 2021: $1,119,906Net Income 2021: $110,1882021Revenue 2022: $1,467,125Expenses 2022: $631,762Net Income 2022: $835,3632022Revenue 2023: $523,014Expenses 2023: $518,971Net Income 2023: $4,0432023Revenue 2024: $707,548Expenses 2024: $673,896Net Income 2024: $33,6522024Revenue 2025: $1,056,610Expenses 2025: $479,071Net Income 2025: $577,5392025

Highlighted filing

2016

Revenue$779,786
Expenses$414,075
Net Income$365,711
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 3, 2016
Return Version
2015v2.1
Gross Receipts
$1,746,554
Mission and Program Overview

Mission

To enrich, not replace, traditional tax-based support for the library through gifts, grants, and bequests from individuals and organizations, while reinforcing the need for continued and increased public support for the library.

The foundation has formed to support the wellesley free library, which is a department of the town of wellesley, massachusetts. The support includes a board range of library needs such as materials, building maintenance, funishings and programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,812,843$4,554,908▲ $742,065
Savings and Temporary Cash Investments$767,306$257,186▼ $510,120
Pledges and Grants Receivable$34,500$8,000▼ $26,500
Prepaid Expenses and Deferred Charges$430$430→ $0
Cash and Non-Interest-Bearing Accounts$52$52→ $0
Total Assets$4,615,131$5,021,054▲ $405,923
Other Assets Total$0$200,478▲ $200,478
Liabilities
Accounts Payable and Accrued Expenses$19,749$28,505▲ $8,756
Total Liabilities$19,749$28,505▲ $8,756
Net Assets / Fund Balance
Temporarily Rstr Net Assets$3,348,217$3,580,756▲ $232,539
Unrestricted Net Assets$695,068$846,546▲ $151,478
Permanently Rstr Net Assets$552,097$565,247▲ $13,150
Total Net Assets Fund Balance$4,595,382$4,992,549▲ $397,167
Total Liabilities and Net Assets / Fund Balance$4,615,131$5,021,054▲ $405,923

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$3,865,814$431,903▲ $437,930-$4,551,886
2014$68,765$3,865,778▲ $93,887-$3,865,814
2013$79,813---$68,765
2012$91,063---$79,813
2011$10,000$80,000▲ $7,637-$91,063
Compensation and Service Providers
Top Officer Pay19th percentile

Board Members and Trustees

NameTitle
Pam StirratDirector/former President
Darcey BartelPresident
Barbara McmahonDirector
Carolyn SpanglerDirector
Dorothy LaughlinDirector
Elizabeth CarpenterDirector
Elizabeth P PowellDirector
Heather SawitskyDirector
NORMA O'REILLYDirector
Phil MinervinoDirector
Steven W HansenDirector
Tim DriverDirector
Virginia SnowDirector
William McnamaraClerk
Kevin MacdonaldTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$430,168
Program Service Revenue
$0
Investment Income
$408,027
Other Revenue
$-58,409
All Other Contributions
$133,814
Change in Net Assets
$365,711

Audited Revenue Reconciliation

Revenue per Audited Statements
$748,485
Revenue Not Reported on Financial Statements
$31,301
Revenue Not Reported on Form 990
$31,456
Total Revenue per Audited Statements
$779,941
Total Revenue per Form 990
$779,786
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$278,603
Other Expenses$135,472
Total Fundraising Expense$7,251
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$278,603--$278,603
Fees for Services Other-$60,681-$60,681
Fees for Service Investment Mgmnt Fees-$31,301-$31,301
Fees for Services Accounting-$14,000-$14,000
Office Expenses-$11,923-$11,923
Insurance-$1,698-$1,698
Fees for Services Legal-$1,000-$1,000
Other Expenses-$618$7,251$618
Total Functional Expenses$278,603$128,221$7,251$414,075

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$414,075
Expenses per Audited Statements$382,774
Total Expenses per Audited Statements$382,774
Expenses Not Reported on Financial Statements$31,301
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Wellesley Free LibraryWellesley, MA-To Support the Library Operations and Programs$278,603
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$58,409
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$276,034-$25,082-
Mini Golf$20,320-$796-
Total Events$296,354-$58,409$-58,409
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
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
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 A, Line 4

“The foundation amended their by-laws regarding partial term”

Form 990, Part VI, Section B, Line 11

“Draft submitted for review and approval to board of directors”

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

“The foundation distributes a conflict of interest policy and certification forms annually to all board memeber to be signed.”

Form 990, Part VI, Section C, Line 19

“AVAILABLE UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
The Wellesley Free Library Foundation
EIN
26-3194155
Phone
7812351610
Address
530 WASHINGTON STREET, WELLESLEY, MA 02482

Signing Officer

Name
Darcey Bartel
Title
President
Phone
7812351610
Signed
2016-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Darcey Bartel
Formed
2008
Legal Domicile
Ma
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
55

Preparer

Firm
Anstiss & Co Pc
Address
1115 WESTFORD STREET, LOWELL, MA 01851
Preparer
Richard B Dionne
Phone
9784522500
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Contract services: program service expenses 0. Management and general expenses 60,681. Fundraising expenses 0. Total expenses 60,681.”

Financial Statement Notes

PART X, LINE 2:

“The foundation has been recognized as tax-exempt under internal revenue code section 501(c)(3) and is, therefore, generally exempt from federal and state income taxes. Accordingly, no provision for income taxes has been provided for in the accompanying financial statements. Asc 740-10, "income taxes," requires the foundation to evaluate and disclose tax positions that could have an effect on the foundation's financial statements. The foundation reports its activities to the internal revenue service and to the commonwealth of massachusetts on an annual basis. These informational returns are generally subject to audit and review by the governmental agencies for a period of three years after filing. Substantially all of the foundation's income, expenditures and activities relate to its exempt purpose, therefore, management has determined that the foundation is not subject to material unrelated business income taxes and will continue to qualify as a tax-exempt not-for-profit entity.”

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IRS990/InsuranceGrp/TotalAmt01698
IRS990/InvestmentIncomeGrp/ExclusionAmt085302
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt085302
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt03812843
IRS990/InvestmentsPubTradedSecGrp/EOYAmt04554908
IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0908359
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO ENRICH, NOT REPLACE, TRADITIONAL TAX-BASED SUPPORT FOR THE LIBRARY THROUGH GIFTS, GRANTS, AND BEQUESTS FROM INDIVIDUALS AND ORGANIZATIONS, WHILE REINFORCING THE NEED FOR CONTINUED AND INCREASED PUBLIC SUPPORT FOR THE LIBRARY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt04595382
IRS990/NetAssetsOrFundBalancesEOYAmt04992549
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0297117
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0297117
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-58409
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-58409
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt031456
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt019898
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt011923
IRS990/OfficeExpensesGrp/TotalAmt011923
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt0200478
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0ANNUAL APPEAL
IRS990/OtherExpensesGrp/Desc1BAD DEBT
IRS990/OtherExpensesGrp/Desc2BOARD RETREAT
IRS990/OtherExpensesGrp/FundraisingAmt07251
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt07000
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1618
IRS990/OtherExpensesGrp/TotalAmt07251
IRS990/OtherExpensesGrp/TotalAmt17000
IRS990/OtherExpensesGrp/TotalAmt2618
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0552097
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0565247
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt034500
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt08000
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0430
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0430
IRS990/PrincipalOfficerNm0DARCEY BARTEL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDES FUNDS WHICH ALLOW THE THE LIBRARY TO EXPERIMENT AND BUILD COLLECTIONS THAT WOULD OTHERWISE NOT BE POSSIBLE, PURCHASE EXCITING NEW DATABASES, AND SHOWCASE EVOLVING MATERIALS FORMAT.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0120410
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0120410
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04373024
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0301125
IRS990/PYInvestmentIncomeAmt0191998
IRS990/PYOtherExpensesAmt0126633
IRS990/PYOtherRevenueAmt016870
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt04154134
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0427758
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04581892
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0365711
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0767306
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0257186
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0046001343
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0278603
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0WELLESLEY FREE LIBRARY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0278603
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.09160
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt032012
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt03865814
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0431903
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt04551886
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0151749
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0437930
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt029301
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt068765
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt03865778
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt03865814
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0133315
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt093887
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt048
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt079813
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt068765
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt011000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt091063
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt079813
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt011250
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt010000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt080000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt091063
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt06574
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt07637
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt031301
IRS990ScheduleD/ExpensesSubtotalAmt0382774
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt031301
IRS990ScheduleD/InvestmentExpensesNotIncldAmt031301
IRS990ScheduleD/NetUnrealizedGainsInvstAmt031456
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.12420
IRS990ScheduleD/RevenueNotReportedAmt031456
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt031301
IRS990ScheduleD/RevenueSubtotalAmt0748485
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION HAS BEEN RECOGNIZED AS TAX-EXEMPT UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND IS, THEREFORE, GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN PROVIDED FOR IN THE ACCOMPANYING FINANCIAL STATEMENTS. ASC 740-10, "INCOME TAXES," REQUIRES THE FOUNDATION TO EVALUATE AND DISCLOSE TAX POSITIONS THAT COULD HAVE AN EFFECT ON THE FOUNDATION'S FINANCIAL STATEMENTS. THE FOUNDATION REPORTS ITS ACTIVITIES TO THE INTERNAL REVENUE SERVICE AND TO THE COMMONWEALTH OF MASSACHUSETTS ON AN ANNUAL BASIS. THESE INFORMATIONAL RETURNS ARE GENERALLY SUBJECT TO AUDIT AND REVIEW BY THE GOVERNMENTAL AGENCIES FOR A PERIOD OF THREE YEARS AFTER FILING. SUBSTANTIALLY ALL OF THE FOUNDATION'S INCOME, EXPENDITURES AND ACTIVITIES RELATE TO ITS EXEMPT PURPOSE, THEREFORE, MANAGEMENT HAS DETERMINED THAT THE FOUNDATION IS NOT SUBJECT TO MATERIAL UNRELATED BUSINESS INCOME TAXES AND WILL CONTINUE TO QUALIFY AS A TAX-EXEMPT NOT-FOR-PROFIT ENTITY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.78420
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0414075
IRS990ScheduleD/TotalRevenuePerForm990Amt0779786
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0779941
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0382774
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0296354
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0276034
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt020320
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt058409
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GALA
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0MINI GOLF
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0276034
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt020320
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0296354
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-58409
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt025878
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt025082
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt0796

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$5,021,054
Liabilities
$28,505
Net assets
$4,992,549
Revenue
$779,786
Expenses
$414,075
Net income
$365,711
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$7.77$0.31$7.46$1.06$0.48$0.58
2024Detailed filing. Detailed filing data is available for this year.$7.07$0.39$6.68$0.71$0.67$0.03
2023Detailed filing. Detailed filing data is available for this year.$6.75$0.33$6.42$0.52$0.52$0.00
2022Detailed filing. Detailed filing data is available for this year.$6.68$0.34$6.35$1.47$0.63$0.84
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.91$0.54$6.37$1.23$1.12$0.11
2020Detailed filing. Detailed filing data is available for this year.$5.46$0.10$5.36$0.74$0.45$0.29
2019Detailed filing. Detailed filing data is available for this year.$5.46$0.12$5.34$0.31$0.45$0.13
2018Detailed filing. Detailed filing data is available for this year.$5.40$0.15$5.25$0.67$0.41$0.26
2017Detailed filing. Detailed filing data is available for this year.$5.11$0.13$4.99$0.34$0.34$0.00
2016Detailed filing. Detailed filing data is available for this year.$5.02$0.03$4.99$0.78$0.41$0.37
2015Detailed filing. Detailed filing data is available for this year.$4.62$0.02$4.60$4.58$0.43$4.15
2014Detailed filing. Detailed filing data is available for this year.$0.54$0.01$0.54$0.31$0.23$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.46$0.01$0.45$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.33$0.01$0.32$0.10
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.13$0.00$0.13$0.03