Civic Intelligence

The Wellesley Free Library Foundation Inc

990 • Fiscal year 2018 • EIN 26-3194155

Jul 01, 2017 to Jun 30, 2018 • Filed on Oct 25, 2018

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

25th percentile

0.03x

Higher debt load relative to assets than 25% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

56th percentile

0.22x

Higher debt load relative to revenue than 56% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

87th percentile

38%

Higher net margin than 87% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

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.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

63rd percentile

5.6%

Faster asset growth than 63% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

93rd percentile

98%

Faster revenue growth than 93% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets25th percentile

Assets

Up

$5,399,879

Up $284,995 (+5.6%) from 2017

Net Assets

Up

$5,253,865

Up $265,514 (+5.3%) from 2017

Liabilities

Up

$146,014

Up $19,481 (+15%) from 2017

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin87th percentile

Revenue

Up

$672,807

Up $332,776 (+98%) from 2017

Expenses

Up

$414,186

Up $70,391 (+20%) from 2017

Net Income

Up

$258,621

Up $262,385 (+6971%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth63rd 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

2018

Assets$5,399,879
Liabilities$146,014
Net Assets$5,253,865
Open 2018 Filing

Operations Trend

Revenue Growth93rd 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

2018

Revenue$672,807
Expenses$414,186
Net Income$258,621
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Oct 25, 2018
Return Version
2017v2.3
Gross Receipts
$1,648,819
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$4,760,018$4,771,812▲ $11,794
Savings and Temporary Cash Investments$153,030$411,744▲ $258,714
Cash and Non-Interest-Bearing Accounts$52$13,530▲ $13,478
Prepaid Expenses and Deferred Charges$430$430→ $0
Total Assets$5,114,884$5,399,879▲ $284,995
Other Assets Total$201,354$202,363▲ $1,009
Liabilities
Grants Payable$89,250$103,537▲ $14,287
Accounts Payable and Accrued Expenses$37,283$42,477▲ $5,194
Total Liabilities$126,533$146,014▲ $19,481
Net Assets / Fund Balance
Temporarily Rstr Net Assets$3,707,175$3,815,611▲ $108,436
Unrestricted Net Assets$695,846$841,872▲ $146,026
Permanently Rstr Net Assets$585,330$596,382▲ $11,052
Total Net Assets Fund Balance$4,988,351$5,253,865▲ $265,514
Total Liabilities and Net Assets / Fund Balance$5,114,884$5,399,879▲ $284,995

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$4,780,636$57,305▲ $309,016-$4,931,861
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
Compensation and Service Providers
Top Officer Pay20th percentile

Board Members and Trustees

NameTitle
William McnamaraPresident
Barbara McmahonVice President
Amy Fuller BoydDirector
Cynthia StraussDirector
Darcey BartelDirector
Elizabeth CarpenterDirector
Kara Reinhardt BlockDirector
Mary KloppenbergDirector
Michael CaseyDirector
Peter MongeauDirector
Samuel RubensteinDirector
Susan MarandettDirector
Virgina SnowDirector
Bridget BettigoleClerk
Kevin MacdonaldTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$386,499
Program Service Revenue
$0
Investment Income
$302,559
Other Revenue
$-16,251
All Other Contributions
$124,063
Change in Net Assets
$258,621

Audited Revenue Reconciliation

Revenue per Audited Statements
$635,624
Revenue Not Reported on Financial Statements
$37,183
Revenue Not Reported on Form 990
$6,893
Total Revenue per Audited Statements
$642,517
Total Revenue per Form 990
$672,807
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$272,322
Other Expenses$141,864
Total Fundraising Expense$10,603
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$272,322--$272,322
Fees for Services Other-$66,663-$66,663
Fees for Service Investment Mgmnt Fees-$37,183-$37,183
Fees for Services Accounting-$14,500-$14,500
Office Expenses-$10,881-$10,881
Other Expenses--$10,603$10,603
Insurance-$1,112-$1,112
Fees for Services Legal-$922-$922
Total Functional Expenses$272,322$131,261$10,603$414,186

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$414,186
Expenses per Audited Statements$377,003
Total Expenses per Audited Statements$377,003
Expenses Not Reported on Financial Statements$37,183
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$272,322
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$50,223
Fundraising Gross Income$33,972
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$283,035$33,972$15,334$18,638
Tea Party$7,481-$917-
Total Events$296,408$33,972$50,223$-16,251
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
2018-10-25
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
30

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

“Assistant: program service expenses 0. Management and general expenses 4,663. Fundraising expenses 0. Total expenses 4,663. Director of devt: program service expenses 0. Management and general expenses 62,000. Fundraising expenses 0. Total expenses 62,000.”

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.”

Raw XML AppendixShowing 400 of 542 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/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt01112
IRS990/InsuranceGrp/TotalAmt01112
IRS990/InvestmentIncomeGrp/ExclusionAmt0123636
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0123636
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt04760018
IRS990/InvestmentsPubTradedSecGrp/EOYAmt04771812
IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0925789
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/NetAssetsOrFundBalancesBOYAmt04988351
IRS990/NetAssetsOrFundBalancesEOYAmt05253865
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0177517
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0177517
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-16251
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-16251
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt06893
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt03640
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt010881
IRS990/OfficeExpensesGrp/TotalAmt010881
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0201354
IRS990/OtherAssetsTotalGrp/EOYAmt0202363
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0ANNUAL APPEAL
IRS990/OtherExpensesGrp/FundraisingAmt010603
IRS990/OtherExpensesGrp/TotalAmt010603
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0585330
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0596382
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0430
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0430
IRS990/PrincipalOfficerNm0WILLIAM MCNAMARA
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/ExpenseAmt0135120
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0135120
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0177373
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0217399
IRS990/PYInvestmentIncomeAmt0172097
IRS990/PYOtherExpensesAmt0126396
IRS990/PYOtherRevenueAmt0-9439
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-3764
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0343795
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0340031
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0258621
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0153030
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0411744
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/SupportAmt0272322
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0WELLESLEY FREE LIBRARY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0272322
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.10540
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt037187
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt04780636
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt057305
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt04931861
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0177909
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0309016
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt035063
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt04551886
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt093724
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt04780636
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0134791
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0304880
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt032012
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt03865814
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0431903
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt04551886
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0151749
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0437930
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt029301
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt068765
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt03865778
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt03865814
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0133315
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt093887
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt048
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt079813
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt068765
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt011000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt037183
IRS990ScheduleD/ExpensesSubtotalAmt0377003
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt037183
IRS990ScheduleD/InvestmentExpensesNotIncldAmt037183
IRS990ScheduleD/NetUnrealizedGainsInvstAmt06893
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.12090
IRS990ScheduleD/RevenueNotReportedAmt06893
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt037183
IRS990ScheduleD/RevenueSubtotalAmt0635624
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/TermEndowmentBalanceEOYPct00.77370
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0414186
IRS990ScheduleD/TotalRevenuePerForm990Amt0672807
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0642517
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0377003
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0262436
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0249063
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt07481
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt05892
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt050223
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GALA
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0TEA PARTY
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0283035
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt07481
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt05892
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0296408
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt033972
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt033972
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-16251
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt016251
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt015334
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt0917
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt01
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt033972
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt033972
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0272322

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$5,399,879
Liabilities
$146,014
Net assets
$5,253,865
Revenue
$672,807
Expenses
$414,186
Net income
$258,621
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