Civic Intelligence

Townsend Public Library Endowment Inc.

990 • Fiscal year 2021 • EIN 26-3562595

Jan 01, 2021 to Dec 31, 2021 • Filed on Apr 03, 2022

Organization Profiletownsendendowment.org
12 Dudley RdTownsend, MA 01469

(978) 597-1712

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

38th percentile

6.3%

Higher net margin than 38% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

60th percentile

14%

Faster asset growth than 60% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

81st percentile

66%

Faster revenue growth than 81% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$1,303,286

Up $164,978 (+14%) from 2020

Net Assets

Up

$1,303,286

Up $164,978 (+14%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin38th percentile

Revenue

Up

$58,431

Up $23,148 (+66%) from 2020

Expenses

Up

$54,771

Up $13,428 (+32%) from 2020

Net Income

Up

$3,660

Up $9,720 (+160%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth60th percentile

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

$1.5M$1.0M$500K$0Assets 2019: $1,072,792Liabilities 2019: $0Net Assets 2019: $1,072,7922019Assets 2020: $1,138,308Liabilities 2020: $0Net Assets 2020: $1,138,3082020Assets 2021: $1,303,286Liabilities 2021: $0Net Assets 2021: $1,303,2862021Assets 2022: $1,102,296Liabilities 2022: $0Net Assets 2022: $1,102,2962022Assets 2023: $1,205,983Liabilities 2023: $0Net Assets 2023: $1,205,9832023Assets 2024: $1,260,463Liabilities 2024: $0Net Assets 2024: $1,260,4632024Assets 2025: $1,391,922Liabilities 2025: $0Net Assets 2025: $1,391,9222025

Highlighted filing

2021

Assets$1,303,286
Liabilities$0
Net Assets$1,303,286
Open 2021 Filing

Operations Trend

Revenue Growth81st percentile

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

$100K$50K$0-$50KRevenue 2019: $51,085Expenses 2019: $65,025Net Income 2019: -$13,9402019Revenue 2020: $35,283Expenses 2020: $41,343Net Income 2020: -$6,0602020Revenue 2021: $58,431Expenses 2021: $54,771Net Income 2021: $3,6602021Revenue 2022: $50,177Expenses 2022: $47,113Net Income 2022: $3,0642022Revenue 2023: $55,085Expenses 2023: $62,219Net Income 2023: -$7,1342023Revenue 2024: $48,709Expenses 2024: $55,145Net Income 2024: -$6,4362024Revenue 2025: $47,460Expenses 2025: $63,438Net Income 2025: -$15,9782025

Highlighted filing

2021

Revenue$58,431
Expenses$54,771
Net Income$3,660
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Apr 3, 2022
Return Version
2021v4.0
Gross Receipts
$58,431
Mission and Program Overview

Mission

To manage an Endowment Fund to assist in funding programs and activities to be conducted and/or sponsored by the Townsend Public Library in order to provide the widest possible range of information, educational, and cultural services to the individuals and groups in the Library community and to raise funds for the purposes of purchasing and donating to the Townsend Public Library deemed desirable for the furtherance of the Library's activities.

To manage an endowment fund to assist in funding programs and activities to be conducted and/or sponsored by the Townsend Public Library in order to provide the widest possible range of information, educational, and cultural services to the individuals and groups in the Library community and to raise funds for the purpose of purchasing and donating to the Townsend Public Library deemed desirable for the furtherance of the Library's activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,120,211$1,276,413▲ $156,202
Cash and Non-Interest-Bearing Accounts$18,097$26,843▲ $8,746
Savings and Temporary Cash Investments$0$30▲ $30
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$1,138,308$1,303,286▲ $164,978
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable-$0-
Other Liabilities$0--
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,138,308$1,303,286▲ $164,978
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$1,138,308$1,303,286▲ $164,978
Total Liabilities and Net Assets / Fund Balance$1,138,308$1,303,286▲ $164,978
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Gary ShepherdPresident
Robert TempletonVice President
John DelaneyDirector
Stacy SchuttlerDirector
Valerie GoodrichDirector
Catherine ThrasherSecretary
Theresa WalshTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$13,549
Program Service Revenue
$0
Investment Income
$44,882
Other Revenue
$0
All Other Contributions
$0
Change in Net Assets
$3,660
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$34,735
Other Expenses$20,036
Total Fundraising Expense$2,078
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$34,735--$34,735
Fees for Service Investment Mgmnt Fees-$12,212-$12,212
Information Technology-$2,229-$2,229
Office Expenses-$2,150-$2,150
Advertising--$2,078$2,078
Insurance-$1,367-$1,367
Total Functional Expenses$34,735$17,958$2,078$54,771
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
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 7A

“Board members voted to appoint officers each year at the annual meeting every September.”

Form 990, Part VI, Section B, Line 11B

“A draft copy of this return was provided to all Directors/Officers”

Form 990, Part VI, Section C, Line 19

“A central repository for the Endowment is maintained by the Library. Upon request, the governing documents conflict of interest policy and financial statements are available for inspection.”

Filing and Contact Details

Filer

Filer Name
Townsend Public Library Endowment Inc
EIN
26-3562595
Phone
9785971712
Address
12 Dudley Rd, Townsend, MA 01469

Signing Officer

Name
Theresa Walsh
Title
Treasurer
Phone
9788083020
Signed
2022-04-03

Organization Details

Principal Officer
Gary Shepherd
Formed
2008
Legal Domicile
Ma
Voting Board Members
7
Independent Board Members
0
Employees
0
Volunteers
30
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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/MissionDesc0To manage an Endowment Fund to assist in funding programs and activities to be conducted and/or sponsored by the Townsend Public Library in order to provide the widest possible range of information, educational, and cultural services to the individuals and groups in the Library community and to raise funds for the purposes of purchasing and donating to the Townsend Public Library deemed desirable for the furtherance of the Library's activities.
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IRS990ScheduleA/FactsAndCircumstancesTestTxt0The Townsend Public Library sent out a mass mailing to all Town residents explaining the function of the Endowment Fund and described the prior year accomplishments. The mailing included preprinted mailers requesting donations of any amount. Additionally a "I Love My Library/Valentine" campaign was initiated in the library starting at the end of January through Valentines Day. Each purchased construction "Heart" included the donor's name and the Heart was taped to the large window for everyone to see.
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt08713
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt060449
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt044882
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt022605
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt035484
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt041080
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt036150
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0180201
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.25119
IRS990ScheduleA/PublicSupportPY170Pct00.28617
IRS990ScheduleA/PublicSupportTotal170Amt060449
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt013549
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt012678
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt015601
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt09908
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt08713
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt060449
IRS990ScheduleA/TotalSupportAmt0240650
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Board members voted to appoint officers each year at the annual meeting every September.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A draft copy of this return was provided to all Directors/Officers
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A central repository for the Endowment is maintained by the Library. Upon request, the governing documents conflict of interest policy and financial statements are available for inspection.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01138308
IRS990/TotalAssetsEOYAmt01303286
IRS990/TotalAssetsGrp/BOYAmt01138308
IRS990/TotalAssetsGrp/EOYAmt01303286
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt013549
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt02078
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt017958
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt034735
IRS990/TotalFunctionalExpensesGrp/TotalAmt054771
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01303286
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt034735
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt044882
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt058431
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt030
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01138308
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01303286
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0Old Meeting House Rd
IRS990/USAddress/CityNm0Townsend
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001469
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0townsendendowment.org
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/LastSubmissionRqrOOBCd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd011
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd01
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Theresa Walsh
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum09788083020
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-04-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TOWNSEND PUBLIC LIBRARY ENDOWMENT INC
ReturnHeader/Filer/BusinessNameControlTxt0TOWN
ReturnHeader/Filer/EIN0263562595
ReturnHeader/Filer/PhoneNum09785971712
ReturnHeader/Filer/USAddress/AddressLine1Txt012 Dudley Rd
ReturnHeader/Filer/USAddress/CityNm0Townsend
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd001469
ReturnHeader/ReturnTs02022-04-18T11:01:40-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,303,286
Liabilities
$0
Net assets
$1,303,286
Revenue
$58,431
Expenses
$54,771
Net income
$3,660
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.39$0.00$1.39$0.05$0.06$0.02
2024Detailed filing. Detailed filing data is available for this year.$1.26$0.00$1.26$0.05$0.06$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.21$0.00$1.21$0.06$0.06$0.01
2022Detailed filing. Detailed filing data is available for this year.$1.10$0.00$1.10$0.05$0.05$0.00
2021Detailed filing. Detailed filing data is available for this year.$1.30$0.00$1.30$0.06$0.05$0.00
2020Detailed filing. Detailed filing data is available for this year.$1.14$0.00$1.14$0.04$0.04$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.07$0.00$1.07$0.05$0.07$0.01