Liabilities / Assets
37th percentile
Higher debt load relative to assets than 37% of similar nonprofits.
990 • Fiscal year 2024 • EIN 26-3194155
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
37th percentile
Higher debt load relative to assets than 37% of similar nonprofits.
Liabilities / Revenue
76th percentile
Higher debt load relative to revenue than 76% of similar nonprofits.
Net Margin
51st percentile
Higher net margin than 51% of similar nonprofits.
Top Officer Pay
22nd percentile
Higher top officer pay than 22% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
50th percentile
Faster asset growth than 50% of similar nonprofits.
Revenue Growth
78th percentile
Faster revenue growth than 78% of similar nonprofits.
Assets
Up$7,071,783
Up $326,707 (+4.8%) from 2023
Net Assets
Up$6,683,724
Up $264,180 (+4.1%) from 2023
Liabilities
Up$388,059
Up $62,527 (+19%) from 2023
Revenue
Up$707,548
Up $184,534 (+35%) from 2023
Expenses
Up$673,896
Up $154,925 (+30%) from 2023
Net Income
Up$33,652
Up $29,609 (+732%) from 2023
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.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments in Publicly Traded Securities | $6,106,812 | $6,456,067 | ▲ $349,255 |
| Cash and Non-Interest-Bearing Accounts | $345,422 | $292,781 | ▼ $52,641 |
| Savings and Temporary Cash Investments | $204,671 | $213,021 | ▲ $8,350 |
| Pledges and Grants Receivable | $88,171 | $103,244 | ▲ $15,073 |
| Prepaid Expenses and Deferred Charges | - | $6,670 | - |
| Total Assets | $6,745,076 | $7,071,783 | ▲ $326,707 |
| Liabilities | |||
| Grants Payable | $294,927 | $362,744 | ▲ $67,817 |
| Accounts Payable and Accrued Expenses | $30,605 | $25,315 | ▼ $5,290 |
| Total Liabilities | $325,532 | $388,059 | ▲ $62,527 |
| Net Assets / Fund Balance | |||
| Net Assets With Donor Restrictions | $5,808,480 | $6,237,961 | ▲ $429,481 |
| Net Assets Without Donor Restrictions | $611,064 | $445,763 | ▼ $165,301 |
| Total Net Assets Fund Balance | $6,419,544 | $6,683,724 | ▲ $264,180 |
| Total Liabilities and Net Assets / Fund Balance | $6,745,076 | $7,071,783 | ▲ $326,707 |
| Period | Beginning | Contrib. | Gain/Loss | Other Uses | End |
|---|---|---|---|---|---|
| 2023 | $6,170,921 | $10,325 | ▲ $509,119 | $-24,506 | $6,511,922 |
| 2022 | $5,975,104 | $29,692 | ▲ $323,221 | $-10,667 | $6,170,921 |
| 2021 | $6,289,227 | $274,583 | ▼ $256,776 | $169,333 | $5,975,104 |
| 2020 | $5,089,514 | $209,585 | ▲ $1,142,717 | - | $6,289,227 |
| 2019 | $5,168,837 | $95,554 | ▲ $15,884 | - | $5,089,514 |
| Name | Title |
|---|---|
| Laurel Lyle | Chair - Deve |
| Alexa Plenge | Chair - Fina |
| Elizabeth Aw Rogers | Chair - Gove |
| Keith Higgins | President |
| Bill Horn | Director |
| Carol Carlson | Director |
| Catherine Bueker | Director |
| Chrissie Lawrence | Director |
| Linda Wilkins | Director |
| Molly Manning | Director |
| Nora Phillips | Director |
| Stepahnie Coughlan | Director |
| Terence Condren | Director |
| Kara Reinhardt Block | Assistant Tr |
| Amiee Munro | Clerk |
| Mark Grover | Treasurer |
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| Michelle Harris | Consultant | - | $112,426 |
| Contribution Type | Contribution Count | Reported Amount | Valuation Method |
|---|---|---|---|
| Securities Publicly Traded | 1 | $28,501 | Fair Value |
| Total Noncash Contributions | 1 | $28,501 | - |
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $369,452 |
| Other Expenses | $280,338 |
| Total Fundraising Expense | $80,036 |
| Salaries, Compensation, and Employee Benefits | $24,106 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Orgs | $369,452 | - | - | $369,452 |
| Fees for Services Other | - | $53,120 | $58,680 | $111,800 |
| Office Expenses | - | $75,681 | - | $75,681 |
| Fees for Service Investment Mgmnt Fees | - | $48,916 | - | $48,916 |
| Fees for Services Accounting | - | $23,224 | - | $23,224 |
| Other Salaries and Wages | - | $2,520 | $19,585 | $22,105 |
| Other Expenses | - | $20,397 | - | $20,397 |
| Payroll Taxes | - | $230 | $1,771 | $2,001 |
| Insurance | - | $320 | - | $320 |
| Total Functional Expenses | $369,452 | $224,408 | $80,036 | $673,896 |
| Line Item | Amount |
|---|---|
| Total Expenses per Form 990 | $673,896 |
| Expenses per Audited Statements | $624,980 |
| Total Expenses per Audited Statements | $624,980 |
| Expenses Not Reported on Financial Statements | $48,916 |
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Wellesley Free Library | Wellesley, MA | - | To Support the Libra | $369,452 |
| Line Item | Amount |
|---|---|
| Fundraising Direct Expenses | $87,237 |
| Fundraising Gross Income | $46,313 |
| Professional Fundraising Fees | $0 |
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| Gala | $250,231 | $46,313 | $87,237 | $-40,924 |
| Total Events | $250,231 | $46,313 | $87,237 | $-40,924 |
“Draft submitted and review and approval to board of directors”
“The foundation distributes a conflict of interest policy and certification form annually to all board memeber to be signed.”
“AVAILABLE UPON REQUEST”
“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.”
“Director of development 0 53,120 58,680”
“Grants to support the wellesley free library.”
“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. Management beleives it is no longer subject to review by taxing authorities for periods prior to 2021. 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.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | false |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 30605 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 25315 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | 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. |
| IRS990/AllOtherContributionsAmt | 0 | 216439 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/AuditCommitteeInd | 0 | true |
| IRS990/BackupWthldComplianceInd | 0 | true |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | THE ORGANIZATION |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 7812351610 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 530 WASHINGTON STREET |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | WELLESLEY |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MA |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 02482 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | false |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 345422 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 292781 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | false |
| IRS990/CompensationProcessOtherInd | 0 | false |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/ContractorCompensationGrp/CompensationAmt | 0 | 112426 |
| IRS990/ContractorCompensationGrp/ContractorName/PersonNm | 0 | MICHELLE HARRIS |
| IRS990/ContractorCompensationGrp/ServicesDesc | 0 | CONSULTANT |
| IRS990/ContriRptFundraisingEventAmt | 0 | 203918 |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 420357 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 369452 |
| IRS990/CYInvestmentIncomeAmt | 0 | 328115 |
| IRS990/CYOtherExpensesAmt | 0 | 280338 |
| IRS990/CYOtherRevenueAmt | 0 | -40924 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 33652 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 24106 |
| IRS990/CYTotalExpensesAmt | 0 | 673896 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 80036 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 707548 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | true |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/Desc | 0 | 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. |
| IRS990/DescribedInSection501c3Ind | 0 | true |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | true |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/DonorRestrictionNetAssetsGrp/BOYAmt | 0 | 5808480 |
| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 6237961 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | true |
| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 1 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/ExpenseAmt | 0 | 166452 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 23224 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 23224 |
| IRS990/FeesForServicesOtherGrp/FundraisingAmt | 0 | 58680 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 53120 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 111800 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt | 0 | 48916 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt | 0 | 48916 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form8282PropertyDisposedOfInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 8.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 8.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 8.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 8.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 8.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 8.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 11 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 12 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 13 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 14 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 15 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 9 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 10 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 11 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 12 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 13 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 14 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 15 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | KEITH HIGGINS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | MARK GROVER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | KARA REINHARDT BLOCK |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | AMIEE MUNRO |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | ALEXA PLENGE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | LAUREL LYLE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | ELIZABETH AW ROGERS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | CATHERINE BUEKER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | CAROL CARLSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | MOLLY MANNING |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | BILL HORN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | CHRISSIE LAWRENCE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 12 | NORA PHILLIPS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 13 | TERENCE CONDREN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 14 | STEPAHNIE COUGHLAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 15 | LINDA WILKINS |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 15 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 15 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | ASSISTANT TR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | CLERK |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | CHAIR - FINA |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | CHAIR - DEVE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | CHAIR - GOVE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 13 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 14 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 15 | DIRECTOR |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
| IRS990/FormationYr | 0 | 2008 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | true |
| IRS990/FundraisingActivitiesInd | 0 | true |
| IRS990/FundraisingAmt | 0 | 203918 |
| IRS990/FundraisingDirectExpensesAmt | 0 | 87237 |
| IRS990/FundraisingGrossIncomeAmt | 0 | 46313 |
| IRS990/GainOrLossGrp/SecuritiesAmt | 0 | 120112 |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 15 |
| IRS990/GrantAmt | 0 | 166452 |
| IRS990/GrantsPayableGrp/BOYAmt | 0 | 294927 |
| IRS990/GrantsPayableGrp/EOYAmt | 0 | 362744 |
| IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt | 0 | 369452 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 369452 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | true |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt | 0 | 822216 |
| IRS990/GrossReceiptsAmt | 0 | 1496889 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | true |
| IRS990/IndependentAuditFinclStmtInd | 0 | true |
| IRS990/IndependentVotingMemberCnt | 0 | 15 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartIXInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 320 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 320 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 208003 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 208003 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/InvestmentsPubTradedSecGrp/BOYAmt | 0 | 6106812 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 6456067 |
| IRS990/IRPDocumentCnt | 0 | 4 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LegalDomicileStateCd | 0 | MA |
| IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt | 0 | 702104 |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LobbyingActivitiesInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | false |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | 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. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 6419544 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 6683724 |
| IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt | 0 | 120112 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | 120112 |
| IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt | 0 | -40924 |
| IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt | 0 | -40924 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | 230528 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 611064 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 445763 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NoncashContributionsAmt | 0 | 28501 |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 75681 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 75681 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherExpensesGrp/Desc | 0 | BAD DEBT |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 20397 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 20397 |
| IRS990/OtherSalariesAndWagesGrp/FundraisingAmt | 0 | 19585 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 2520 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 22105 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | false |
| IRS990/PayrollTaxesGrp/FundraisingAmt | 0 | 1771 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 230 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 2001 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 88171 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 103244 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 6670 |
| IRS990/PrincipalOfficerNm | 0 | KEITH HIGGINS |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | PROVIDES FUNDS WHICH ALLOW THE LIBRARY TO EXPERIMENT AND BUILD COLLECTIONS THAT WOULD OTHERWISE NOT BE POSSIBLE, PURCHASE EXCITING NEW DATABASES, AND SHOWCASE EVOLVING MATERIALS FORMAT. |
| IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt | 0 | 203000 |
| IRS990/ProgSrvcAccomActy2Grp/GrantAmt | 0 | 203000 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYContributionsGrantsAmt | 0 | 264498 |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 266464 |
| IRS990/PYInvestmentIncomeAmt | 0 | 304205 |
| IRS990/PYOtherExpensesAmt | 0 | 230078 |
| IRS990/PYOtherRevenueAmt | 0 | -45689 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 4043 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 22429 |
| IRS990/PYTotalExpensesAmt | 0 | 518971 |
| IRS990/PYTotalRevenueAmt | 0 | 523014 |
| IRS990/QuidProQuoContributionsInd | 0 | true |
| IRS990/QuidProQuoContriDisclInd | 0 | true |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | false |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 33652 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | true |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | false |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | false |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 204671 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 213021 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd | 0 | true |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd | 0 | false |
| IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd | 0 | false |
| IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd | 0 | true |
| IRS990ScheduleA/OtherSupportSumAmt | 0 | 0 |
| IRS990ScheduleA/SupportedOrganizationsCnt | 0 | 1 |
| IRS990ScheduleA/SupportedOrganizationsTotalCnt | 0 | 1 |
| IRS990ScheduleA/SupportedOrgInformationGrp/EIN | 0 | 046601343 |
| IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd | 0 | true |
| IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd | 0 | 6 |
| IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt | 0 | 0 |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt | 0 | 369452 |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt | 0 | WELLESLEY FREE LIBRARY |
| IRS990ScheduleA/SupportingOrganization509a3Ind | 0 | X |
| IRS990ScheduleA/SupportingOrgType1Ind | 0 | X |
| IRS990ScheduleA/SupportSumAmt | 0 | 369452 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | true |
| IRS990ScheduleD/BoardDesignatedBalanceEOYPct | 0 | 0.08110 |
| IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 6170921 |
| IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt | 0 | 10325 |
| IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt | 0 | 6511922 |
| IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt | 0 | 153937 |
| IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 509119 |
| IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt | 0 | -24506 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 5975104 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt | 0 | 29692 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 6170921 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt | 0 | 146429 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 323221 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt | 0 | -10667 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 6289227 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt | 0 | 274583 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 5975104 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt | 0 | 162597 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | -256776 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt | 0 | 169333 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 5089514 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt | 0 | 209585 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 6289227 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt | 0 | 152589 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 1142717 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt | 0 | 38374 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 5168837 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt | 0 | 95554 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 5089514 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt | 0 | 152387 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 15884 |
| IRS990ScheduleD/EndowmentsHeldRelatedOrgInd | 0 | false |
| IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd | 0 | true |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 48916 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 624980 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/InvestmentExpensesNotIncld2Amt | 0 | 48916 |
| IRS990ScheduleD/InvestmentExpensesNotIncldAmt | 0 | 48916 |
| IRS990ScheduleD/NetUnrealizedGainsInvstAmt | 0 | 230528 |
| IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct | 0 | 0.18720 |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 230528 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 48916 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 658632 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | GRANTS TO SUPPORT THE WELLESLEY FREE LIBRARY. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | 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. MANAGEMENT BELEIVES IT IS NO LONGER SUBJECT TO REVIEW BY TAXING AUTHORITIES FOR PERIODS PRIOR TO 2021. 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/FormAndLineReferenceDesc | 0 | SCHEDULE D, PAGE 2, PART V, LINE 4 |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | SCHEDULE D, PAGE 3, PART X |
| IRS990ScheduleD/TermEndowmentBalanceEOYPct | 0 | 0.73170 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 673896 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 707548 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 889160 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 624980 |
| IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt | 0 | 203918 |
| IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt | 0 | 203918 |
| IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt | 0 | 87237 |
| IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm | 0 | GALA |
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Displayed year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.