Civic Intelligence

The Wellesley Free Library Foundation Inc

990 • Fiscal year 2017 • EIN 26-3194155

Jul 01, 2016 to Jun 30, 2017 • Filed on Oct 18, 2017

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

24th percentile

0.02x

Higher debt load relative to assets than 24% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

67th percentile

0.37x

Higher debt load relative to revenue than 67% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

33rd percentile

-1.1%

Higher net margin than 33% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

43rd percentile

1.9%

Faster asset growth than 43% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

4th percentile

-56%

Faster revenue growth than 4% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets24th percentile

Assets

Up

$5,114,884

Up $93,830 (+1.9%) from 2016

Net Assets

Down

$4,988,351

Down $4,198 (-0.1%) from 2016

Liabilities

Up

$126,533

Up $98,028 (+344%) from 2016

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin33rd percentile

Revenue

Down

$340,031

Down $439,755 (-56%) from 2016

Expenses

Down

$343,795

Down $70,280 (-17%) from 2016

Net Income

Down

-$3,764

Down $369,475 (-101%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth43rd 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

2017

Assets$5,114,884
Liabilities$126,533
Net Assets$4,988,351
Open 2017 Filing

Operations Trend

Revenue Growth4th 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

2017

Revenue$340,031
Expenses$343,795
Net Income-$3,764
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Oct 18, 2017
Return Version
2016v3.0
Gross Receipts
$978,139
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 was formed to support the wellesley free library, which is a department of the town of wellesley, massachusetts. The support includes a broad range of library needs such as materials, building maintenance, furnishings and programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,554,908$4,760,018▲ $205,110
Savings and Temporary Cash Investments$257,186$153,030▼ $104,156
Pledges and Grants Receivable$8,000$0▼ $8,000
Prepaid Expenses and Deferred Charges$430$430→ $0
Cash and Non-Interest-Bearing Accounts$52$52→ $0
Total Assets$5,021,054$5,114,884▲ $93,830
Other Assets Total$200,478$201,354▲ $876
Liabilities
Grants Payable-$89,250-
Accounts Payable and Accrued Expenses$28,505$37,283▲ $8,778
Total Liabilities$28,505$126,533▲ $98,028
Net Assets / Fund Balance
Temporarily Rstr Net Assets$3,580,756$3,707,175▲ $126,419
Unrestricted Net Assets$846,546$695,846▼ $150,700
Permanently Rstr Net Assets$565,247$585,330▲ $20,083
Total Net Assets Fund Balance$4,992,549$4,988,351▼ $4,198
Total Liabilities and Net Assets / Fund Balance$5,021,054$5,114,884▲ $93,830

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$4,551,886$93,724▲ $304,880-$4,780,636
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
Compensation and Service Providers
Top Officer Pay20th percentile

Board Members and Trustees

NameTitle
Darcey BartelPresident
William McnamaraVice President
Barbara McmahonDirector
Bridget BettigoleDirector
Cynthia StraussDirector
Elizabeth CarpenterDirector
Elizabeth PowellDirector
Heather SawitskyDirector
Mary KloppenbergDirector
NORMA O'REILLYDirector
Peter MongeauDirector
Samuel RubensteinDirector
Virgina SnowDirector
Dorothy LaughlinClerk
Kevin MacdonaldTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$177,373
Program Service Revenue
$0
Investment Income
$172,097
Other Revenue
$-9,439
All Other Contributions
$153,898
Change in Net Assets
$-3,764

Audited Revenue Reconciliation

Revenue per Audited Statements
$304,968
Revenue Not Reported on Financial Statements
$35,063
Revenue Not Reported on Form 990
$134,341
Total Revenue per Audited Statements
$439,309
Total Revenue per Form 990
$340,031
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$217,399
Other Expenses$126,396
Total Fundraising Expense$10,062
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$217,399--$217,399
Fees for Services Other-$58,738-$58,738
Fees for Service Investment Mgmnt Fees-$35,063-$35,063
Fees for Services Accounting-$14,250-$14,250
Office Expenses-$6,622-$6,622
Insurance-$408-$408
Other Expenses-$253$10,062$253
Total Functional Expenses$217,399$116,334$10,062$343,795

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$343,795
Expenses per Audited Statements$308,732
Total Expenses per Audited Statements$308,732
Expenses Not Reported on Financial Statements$35,063
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$217,399
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$9,439
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Mini Golf$17,535-$1,725-
Tea Party$5,940-$5,219-
Total Events$23,475-$9,439$-9,439
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
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

“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
William Mcnamara
Title
President
Phone
7812351610
Signed
2017-10-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Mcnamara
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 58,738. Fundraising expenses 0. Total expenses 58,738.”

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, "accounting for uncertainty in 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/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt04554908
IRS990/InvestmentsPubTradedSecGrp/EOYAmt04760018
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0628669
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/NetAssetsOrFundBalancesBOYAmt04992549
IRS990/NetAssetsOrFundBalancesEOYAmt04988351
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt063251
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt063251
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-9439
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-9439
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0134341
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt03186
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06622
IRS990/OfficeExpensesGrp/TotalAmt06622
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0200478
IRS990/OtherAssetsTotalGrp/EOYAmt0201354
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0ANNUAL APPEAL
IRS990/OtherExpensesGrp/Desc1BAD DEBT
IRS990/OtherExpensesGrp/Desc2BOARD RETREAT
IRS990/OtherExpensesGrp/FundraisingAmt010062
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01000
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1253
IRS990/OtherExpensesGrp/TotalAmt010062
IRS990/OtherExpensesGrp/TotalAmt11000
IRS990/OtherExpensesGrp/TotalAmt2253
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0565247
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0585330
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt08000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0430
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0430
IRS990/PrincipalOfficerNm0WILLIAM MCNAMARA
IRS990/PriorPeriodAdjustmentsAmt0-134775
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0TO 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/ProgSrvcAccomActy2Grp/ExpenseAmt093274
IRS990/ProgSrvcAccomActy2Grp/GrantAmt093274
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0430168
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0278603
IRS990/PYInvestmentIncomeAmt0408027
IRS990/PYOtherExpensesAmt0135472
IRS990/PYOtherRevenueAmt0-58409
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0365711
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0414075
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0779786
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-3764
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0257186
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0153030
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/SupportAmt0217399
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0WELLESLEY FREE LIBRARY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0217399
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/BoardDesignatedBalanceEOYPct00.10280
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt035063
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt04551886
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt093724
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt04780636
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0134791
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0304880
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt032012
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt03865814
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0431903
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt04551886
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0151749
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0437930
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt029301
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt068765
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt03865778
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt03865814
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0133315
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt093887
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt048
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt079813
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt068765
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt011000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt091063
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt079813
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt011250
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt035063
IRS990ScheduleD/ExpensesSubtotalAmt0308732
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt035063
IRS990ScheduleD/InvestmentExpensesNotIncldAmt035063
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0134341
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.12240
IRS990ScheduleD/RevenueNotReportedAmt0134341
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt035063
IRS990ScheduleD/RevenueSubtotalAmt0304968
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, "ACCOUNTING FOR UNCERTAINTY IN 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/TermEndowmentBalanceEOYPct00.77480
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0343795
IRS990ScheduleD/TotalRevenuePerForm990Amt0340031
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0439309
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0308732
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt023475
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt017535
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt05940
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt09439
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0MINI GOLF
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0TEA PARTY
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt017535
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt05940
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt023475
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-9439
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt06944

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,114,884
Liabilities
$126,533
Net assets
$4,988,351
Revenue
$340,031
Expenses
$343,795
Net income
-$3,764
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