Civic Intelligence

Hopkinton Public Library Foundation Inc.

990 • Fiscal year 2017 • EIN 45-3603522

Jan 01, 2017 to Dec 31, 2017 • Filed on May 08, 2018

Organization ProfileWWW.HPLFINC.ORG
PO Box 16Woodville, MA 01784

(508) 435-0087

Siviq Scores

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

Liabilities / Assets

50th percentile

0.09x

Higher debt load relative to assets than 50% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

74th percentile

0.40x

Higher debt load relative to revenue than 74% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

98th percentile

92%

Higher net margin than 98% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

85th percentile

29%

Faster asset growth than 85% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

93rd percentile

113%

Faster revenue growth than 93% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets50th percentile

Assets

Up

$1,092,011

Up $242,918 (+29%) from 2016

Net Assets

Up

$989,010

Up $239,917 (+32%) from 2016

Liabilities

Up

$103,001

Up $3,001 (+3.0%) from 2016

Revenue And Expenses
Liabilities / Revenue74th percentileNet Margin98th percentile

Revenue

Up

$260,558

Up $138,293 (+113%) from 2016

Expenses

Up

$20,640

Up $12,811 (+164%) from 2016

Net Income

Up

$239,918

Up $125,482 (+110%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth85th percentile

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

$1.5M$1.0M$500K$0Assets 2011: $8,267Liabilities 2011: $0Net Assets 2011: $8,2672011Assets 2012: $29,118Liabilities 2012: $0Net Assets 2012: $29,1182012Assets 2013: $328,831Liabilities 2013: $8,096Net Assets 2013: $320,7352013Assets 2014: $587,911Liabilities 2014: $100,000Net Assets 2014: $487,9112014Assets 2015: $734,657Liabilities 2015: $100,000Net Assets 2015: $634,6572015Assets 2016: $849,093Liabilities 2016: $100,000Net Assets 2016: $749,0932016Assets 2017: $1,092,011Liabilities 2017: $103,001Net Assets 2017: $989,0102017Assets 2018: $667,397Liabilities 2018: $0Net Assets 2018: $667,3972018Assets 2019: $241,040Liabilities 2019: $0Net Assets 2019: $241,0402019Assets 2020: $131,736Liabilities 2020: $0Net Assets 2020: $131,7362020Assets 2021: $125,682Liabilities 2021: $0Net Assets 2021: $125,6822021Assets 2022: $152,270Liabilities 2022: $0Net Assets 2022: $152,2702022Assets 2023: $149,543Liabilities 2023: $0Net Assets 2023: $149,5432023Assets 2024: $165,723Liabilities 2024: $0Net Assets 2024: $165,7232024

Highlighted filing

2017

Assets$1,092,011
Liabilities$103,001
Net Assets$989,010
Open 2017 Filing

Operations Trend

Revenue Growth93rd percentile

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

$500K$0-$500KRevenue 2011: $9,300Expenses 2011: $1,033Net Income 2011: $8,2672011Revenue 2012: $30,821Expenses 2012: $9,970Net Income 2012: $20,8512012Revenue 2013: $301,018Expenses 2013: $9,401Net Income 2013: $291,6172013Revenue 2014: $283,137Expenses 2014: $115,961Net Income 2014: $167,1762014Revenue 2015: $156,931Expenses 2015: $10,185Net Income 2015: $146,7462015Revenue 2016: $122,265Expenses 2016: $7,829Net Income 2016: $114,4362016Revenue 2017: $260,558Expenses 2017: $20,640Net Income 2017: $239,9182017Revenue 2018: $51,794Expenses 2018: $373,407Net Income 2018: -$321,6132018Revenue 2019: $16,092Expenses 2019: $442,449Net Income 2019: -$426,3572019Revenue 2020: $17,423Expenses 2020: $126,727Net Income 2020: -$109,3042020Revenue 2021: $9,636Expenses 2021: $15,690Net Income 2021: -$6,0542021Revenue 2022: $35,777Expenses 2022: $9,189Net Income 2022: $26,5882022Revenue 2023: $27,005Expenses 2023: $29,732Net Income 2023: -$2,7272023Revenue 2024: $35,350Expenses 2024: $19,170Net Income 2024: $16,1802024

Highlighted filing

2017

Revenue$260,558
Expenses$20,640
Net Income$239,918
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 8, 2018
Return Version
2017v2.2
Gross Receipts
$283,227
Mission and Program Overview

Mission

To raise private funds for the expansion and state-of-the-art renovation of hopkinton public library. In addition to the $4.5 million grant awarded to the town of hopkinton by the mass board of library commissioners, private funds raised by hopkinton public library foundation will defray the town's cost of restoring, renovating and expanding the library's historic building. With the opening of this historic project in october 2017, hplf will carry on its mission of supporting the library by funding resources, technology, educational and special projects, and long term improvements to the library. Hplf's fundraising efforts will seek to bridge the gap between the community's aspirations for its library and the usual or customary funding available from municipal budgets. Working in partnership with the library, as well as the supporting organizations of the trustees and friends of the library, the foundation encourages continued and increased support of the hopkinton public library.

The principal activities of the corporation shall be to support the effort of the town of hopkinton to restore, renovate and expand the hopkinton public library, as well as sustaining and enriching the quality of the library's services, resources, materials and program.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$624,040$974,743▲ $350,703
Pledges and Grants Receivable$115,124$68,014▼ $47,110
Cash and Non-Interest-Bearing Accounts$109,929$49,254▼ $60,675
Total Assets$849,093$1,092,011▲ $242,918
Liabilities
Grants Payable$100,000$100,000→ $0
Deferred Revenue-$3,001-
Total Liabilities$100,000$103,001▲ $3,001
Net Assets / Fund Balance
Temporarily Rstr Net Assets$403,241$581,736▲ $178,495
Unrestricted Net Assets$345,852$407,274▲ $61,422
Total Net Assets Fund Balance$749,093$989,010▲ $239,917
Total Liabilities and Net Assets / Fund Balance$849,093$1,092,011▲ $242,918
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Laura Hancock BarryClerk and Chairperson
Craig Prescott RichardsonPresident
Amy MontaltoBoard Member
John FerrariBoard Member
Kathryn PrincipeBoard Member
Lindsay McdermottBoard Member
Pam PalleikoBoard Member
Katherine DavenportAssistant Clerk
Amanda LosadaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$254,647
Program Service Revenue
$0
Investment Income
$2,468
Other Revenue
$3,443
All Other Contributions
$175,548
Change in Net Assets
$239,918
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$20,640
Total Fundraising Expense$19,501
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses-$389$14,184$14,573
Other Expenses--$4,960$4,960
Fees for Services Accounting-$750-$750
Advertising--$357$357
Total Functional Expenses$0$1,139$19,501$20,640
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$26,112
Fundraising Direct Expenses$22,669
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Touch a Truck$28,400-$7,529-
A Novel Affair$65,195$26,112$9,350$16,762
Total Events$105,211$26,112$22,669$3,443
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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 B, Line 11B

“The board of directors reviews and approves the form 990 prior to its filing. The form 990 was then authorized and signed by the organization's clerk.”

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

“The board of directors requires an annual declaration from all board members and senior management as to the existence and disclosure of any potential conflicts of interest. The board members sign a disclosure statement. Any potential conflicts are discussed by the dis-interested board members, while the party in potential conflict is required to leave the room. Board meeting minutes will document the discussion and decision making process. In the event of a potential conflict, procedures to obtain competitive bids and diligence on fair market value will be established.”

Form 990, Part VI, Section C, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Hopkinton Public Library
EIN
45-3603522
Phone
5084350087
Address
PO BOX 16, WOODVILLE, MA 01784

Signing Officer

Name
Laura Hancock Barry
Title
Clerk
Phone
5084350087
Signed
2018-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laura Hancock Barry
Formed
2011
Legal Domicile
Ma
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
35

Preparer

Firm
Smith Sullivan & Brown Pc
Address
80 FLANDERS ROAD - SUITE 200, WESTBOROUGH, MA 01581
Preparer
Sandra M Brown CPA
Phone
5088717178
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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 RAISE PRIVATE FUNDS FOR THE EXPANSION AND STATE-OF-THE-ART RENOVATION OF HOPKINTON PUBLIC LIBRARY. IN ADDITION TO THE $4.5 MILLION GRANT AWARDED TO THE TOWN OF HOPKINTON BY THE MASS BOARD OF LIBRARY COMMISSIONERS, PRIVATE FUNDS RAISED BY HOPKINTON PUBLIC LIBRARY FOUNDATION WILL DEFRAY THE TOWN'S COST OF RESTORING, RENOVATING AND EXPANDING THE LIBRARY'S HISTORIC BUILDING. WITH THE OPENING OF THIS HISTORIC PROJECT IN OCTOBER 2017, HPLF WILL CARRY ON ITS MISSION OF SUPPORTING THE LIBRARY BY FUNDING RESOURCES, TECHNOLOGY, EDUCATIONAL AND SPECIAL PROJECTS, AND LONG TERM IMPROVEMENTS TO THE LIBRARY. HPLF'S FUNDRAISING EFFORTS WILL SEEK TO BRIDGE THE GAP BETWEEN THE COMMUNITY'S ASPIRATIONS FOR ITS LIBRARY AND THE USUAL OR CUSTOMARY FUNDING AVAILABLE FROM MUNICIPAL BUDGETS. WORKING IN PARTNERSHIP WITH THE LIBRARY, AS WELL AS THE SUPPORTING ORGANIZATIONS OF THE TRUSTEES AND FRIENDS OF THE LIBRARY, THE FOUNDATION ENCOURAGES CONTINUED AND INCREASED SUPPORT OF THE HOPKINTON PUBLIC LIBRARY.
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0248
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IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus3Amt023192
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IRS990ScheduleC/AvgTotalLobbyingExpendGrp/TotalAmt03707
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IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt028400
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt011616
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IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0TOUCH A TRUCK
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IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsOtherEventsAmt0717
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE FORM 990 PRIOR TO ITS FILING. THE FORM 990 WAS THEN AUTHORIZED AND SIGNED BY THE ORGANIZATION'S CLERK.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS REQUIRES AN ANNUAL DECLARATION FROM ALL BOARD MEMBERS AND SENIOR MANAGEMENT AS TO THE EXISTENCE AND DISCLOSURE OF ANY POTENTIAL CONFLICTS OF INTEREST. THE BOARD MEMBERS SIGN A DISCLOSURE STATEMENT. ANY POTENTIAL CONFLICTS ARE DISCUSSED BY THE DIS-INTERESTED BOARD MEMBERS, WHILE THE PARTY IN POTENTIAL CONFLICT IS REQUIRED TO LEAVE THE ROOM. BOARD MEETING MINUTES WILL DOCUMENT THE DISCUSSION AND DECISION MAKING PROCESS. IN THE EVENT OF A POTENTIAL CONFLICT, PROCEDURES TO OBTAIN COMPETITIVE BIDS AND DILIGENCE ON FAIR MARKET VALUE WILL BE ESTABLISHED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
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IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
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IRS990/TotalEmployeeCnt00
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$1,092,011
Liabilities
$103,001
Net assets
$989,010
Revenue
$260,558
Expenses
$20,640
Net income
$239,918
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.17$0.00$0.17$0.04$0.02$0.02
2023Detailed filing. Detailed filing data is available for this year.$0.15$0.00$0.15$0.03$0.03$0.00
2022Detailed filing. Detailed filing data is available for this year.$0.15$0.00$0.15$0.04$0.01$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.13$0.00$0.13$0.01$0.02$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.13$0.00$0.13$0.02$0.13$0.11
2019Detailed filing. Detailed filing data is available for this year.$0.24$0.00$0.24$0.02$0.44$0.43
2018Detailed filing. Detailed filing data is available for this year.$0.67$0.00$0.67$0.05$0.37$0.32
2017Detailed filing. Detailed filing data is available for this year.$1.09$0.10$0.99$0.26$0.02$0.24
2016Detailed filing. Detailed filing data is available for this year.$0.85$0.10$0.75$0.12$0.01$0.11
2015Detailed filing. Detailed filing data is available for this year.$0.73$0.10$0.63$0.16$0.01$0.15
2014Detailed filing. Detailed filing data is available for this year.$0.59$0.10$0.49$0.28$0.12$0.17
2013Detailed filing. Detailed filing data is available for this year.$0.33$0.01$0.32$0.30$0.01$0.29
2012Summary only. Only limited summary data is available for this year.$0.03$0.00$0.03$0.03$0.01$0.02
2011Summary only. Only limited summary data is available for this year.$0.01$0.00$0.01$0.01$0.00$0.01