Civic Intelligence

Cambridge Public Library Foundation Inc.

990 • Fiscal year 2017 • EIN 47-5391781

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 15, 2017

449 BroadwayCambridge, MA 02138

(857) 235-9810

Siviq Scores

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

Liabilities / Assets

75th percentile

0.26x

Higher debt load relative to assets than 75% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

92nd percentile

1.44x

Higher debt load relative to revenue than 92% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

6th percentile

-44%

Higher net margin than 6% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

85th percentile

36%

Faster asset growth than 85% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

2nd percentile

-76%

Faster revenue growth than 2% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Up

$938,400

Up $246,605 (+36%) from 2016

Net Assets

Up

$696,634

Up $13,387 (+2.0%) from 2016

Liabilities

Up

$241,766

Up $233,218 (+2728%) from 2016

Revenue

Down

$167,730

Down $540,231 (-76%) from 2016

Expenses

Up

$240,804

Up $216,090 (+874%) from 2016

Net Income

Down

-$73,074

Down $756,321 (-111%) from 2016

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2016: $691,795Liabilities 2016: $8,548Net Assets 2016: $683,2472016Assets 2017: $938,400Liabilities 2017: $241,766Net Assets 2017: $696,6342017Assets 2018: $1,295,465Liabilities 2018: $16,102Net Assets 2018: $1,279,3632018Assets 2019: $1,445,559Liabilities 2019: $10,450Net Assets 2019: $1,435,1092019Assets 2020: $1,680,496Liabilities 2020: $31,663Net Assets 2020: $1,648,8332020Assets 2021: $2,084,113Liabilities 2021: $23,542Net Assets 2021: $2,060,5712021Assets 2022: $2,063,493Liabilities 2022: $21,911Net Assets 2022: $2,041,5822022Assets 2023: $2,371,424Liabilities 2023: $14,805Net Assets 2023: $2,356,6192023Assets 2024: $3,041,976Liabilities 2024: $24,251Net Assets 2024: $3,017,7252024Assets 2025: $3,532,640Liabilities 2025: $31,807Net Assets 2025: $3,500,8332025

Highlighted filing

2017

Assets$938,400
Liabilities$241,766
Net Assets$696,634

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2016: $707,961Expenses 2016: $24,714Net Income 2016: $683,2472016Revenue 2017: $167,730Expenses 2017: $240,804Net Income 2017: -$73,0742017Revenue 2018: $821,017Expenses 2018: $236,694Net Income 2018: $584,3232018Revenue 2019: $376,374Expenses 2019: $317,320Net Income 2019: $59,0542019Revenue 2020: $583,230Expenses 2020: $408,132Net Income 2020: $175,0982020Revenue 2021: $615,366Expenses 2021: $366,459Net Income 2021: $248,9072021Revenue 2022: $380,018Expenses 2022: $399,007Net Income 2022: -$18,9892022Revenue 2023: $714,371Expenses 2023: $399,334Net Income 2023: $315,0372023Revenue 2024: $968,005Expenses 2024: $306,899Net Income 2024: $661,1062024Revenue 2025: $824,423Expenses 2025: $371,812Net Income 2025: $452,6112025

Highlighted filing

2017

Revenue$167,730
Expenses$240,804
Net Income-$73,074
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 15, 2017
Return Version
2016v3.0
Gross Receipts
$167,730
Mission and Program Overview

Mission

To support the cambridge public library.

To support the purpose, mission, operations, infrastructure, and other aspects of the public libraries of the city of cambridge, massachusetts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$691,794$848,949▲ $157,155
Pledges and Grants Receivable$83,126$83,126→ $0
Accounts Receivable$3,335$3,335→ $0
Prepaid Expenses and Deferred Charges-$2,990-
Total Assets$778,255$938,400▲ $160,145
Liabilities
Deferred Revenue-$238,710-
Accounts Payable and Accrued Expenses$8,547$3,056▼ $5,491
Total Liabilities$8,547$241,766▲ $233,219
Net Assets / Fund Balance
Temporarily Rstr Net Assets$430,461$366,716▼ $63,745
Permanently Rstr Net Assets$182,618$280,016▲ $97,398
Unrestricted Net Assets$156,629$49,902▼ $106,727
Total Net Assets Fund Balance$769,708$696,634▼ $73,074
Total Liabilities and Net Assets / Fund Balance$778,255$938,400▲ $160,145

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$182,618$108,220--$290,838
2015-$182,618--$182,618
Compensation and Service Providers

Board Members and Trustees

NameTitle
Shippen L PagePresident
Betsy RudnickVice President
Amy DominiDirector
Anne StetsonDirector
Cathy ChuteDirector
Debbie PorterDirector
Donna DavisDirector
Ed BeloveDirector
Janet Axelrod Ex OfficioDirector
Jill BurrowsDirector
Junot DiazDirector
Maria Mccauley Ex OfficioDirector
Stan TwarogDirector
Susan FlanneryDirector
David SandbergSecretary
Katie LappTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$167,253
Program Service Revenue
$410
Investment Income
$67
Other Revenue
$0
All Other Contributions
$167,253
Change in Net Assets
$-73,074

Audited Revenue Reconciliation

Revenue per Audited Statements
$167,730
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$167,730
Total Revenue per Form 990
$167,730
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$240,804
Total Fundraising Expense$91,642
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$12,500$12,500$64,760$89,760
Fees for Services Accounting-$9,325-$9,325
Office Expenses$4,247$1,884$954$7,085
Advertising$5,000--$5,000
Insurance-$2,375-$2,375
Conferences and Meetings--$836$836
Other Expenses$1,000$792$19,143$792
Total Functional Expenses$121,963$27,199$91,642$240,804

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$240,804
Total Expenses per Audited Statements$240,804
Total Expenses per Form 990$240,804
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
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
No
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 finance committee will review the 990 on behalf of the board of directors prior to filing.

Form 990, Part VI, Section C, Line 19

Documents can be obtained by the president, shippen l. Page, at the organizations address on this return.

Filing and Contact Details

Filer

Filer Name
Cambridge Public Library Foundation Inc
EIN
47-5391781
Phone
8572359810
Address
449 BROADWAY, CAMBRIDGE, MA 02138

Signing Officer

Name
Shippen Page
Title
President
Phone
8572359810
Signed
2017-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shippen L Page
Formed
2015
Legal Domicile
Ma
Voting Board Members
16
Independent Board Members
16
Employees
0
Volunteers
20

Preparer

Firm
Walsh & Co
Address
632A MAIN STREET, WINCHESTER, MA 01890
Preparer
Michael J Walsh CPA
Phone
7817210295
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Consulting: program service expenses 12,500. Management and general expenses 12,500. Fundraising expenses 64,760. Total expenses 89,760.

Financial Statement Notes

PART X, LINE 2:

The foundation is exempt from federal income taxes under section 501(c)(3) of the internal revenue code and applicable state law. The accounting standard on accounting for uncertainty in income taxes addresses determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, the foundation may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of the tax positions include the tax exempt status of the foundation and various positions related to the potential sources of unrelated business taxable income (ubit). The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. There are no unrecognized tax benefits identified or recorded as liabilities for the periods ended june 30, 2017 and 2016.

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IRS990/Desc0THE FOUNDATION SUPPORTED SEVERAL NEW PUBLIC PROGRAMS AT THE LIBRARY INCLUDING 1,000 BOOKS BEFORE KINDERGARTEN, AN EARLY LITERACY PROGRAM AIMED AT THE PARENTS OF CHILDREN WHO ARE AGES 0-5. THIS FREE PROGRAM CREARTES A FUN WAY FOR CHILDREN AND THEIR FAMILIES TO REACH THE GOAL OF READING 1,000 BOOKS OVER THE COURSE OF THE CHILD'S FIRST FIVE YEARS. FAMILIES SIGN UP FOR THE PROGRAM WITH A CHILDREN'S LIBRARIAN AT ANY CAMBRIDGE PUBLIC LIBRARY LOCATION AND GET A FREE TOTE BAG AND BOOK. FOR EACH 250 BOOKS READ, CHILDREN GET ANOTHER BOOK TO TAKE HOME. CPL'S EXPERT CHILDREN'S LIBRARIANS HELP TO CONNECT CHILDREN AND FAMILIES WITH GREAT BOOKS. A TOTAL OF 230 CHILDREN REGISTERED FOR THE "1,000 BOOKS" ON ITS FIRST DAY. AS OF JUNE 30, 2017, NEARLY 2,000 CHILDREN HAD SIGNED UP FOR THE PROGRAM.THE FOUNDATION HOSTED ITS FIRST PUBLIC EVENT, DREAM BIG: THE FUTURE OF PUBLIC LIBRARIES. THIS SYMPOSIUM FEATURED RENOWNED THOUGHT LEADERS. KEY THEMES EMERGED DURING THE COURSE OF THE EVENING: PUBLIC LIBRARIES ARE THE CORNERSTONE OF OUR DEMOCRACY AND AN ESSENTIAL PLACE FOR ALL TO EXPERIMENT AND TEST NEW IDEAS, THE BEST LIBRARIES ARE INCREASINGLY CONNECTED, NETWORKS AND DIGITIZED AND WILL NEED TO BE ADAPTABLE TO MEETING CHANGING, DIVERSE COMMUNITY NEEDS; AND THE FUTURE WILL INCLUDE INCREASING ATTENTION TO EMERGING TECHNOLOGIES AND CHANGING PLATFORMS. THE FOUNDATION LAUNCHED A NEW LECTURE SERIES THAT WILL PRESENT LEADING WRITERS OF CHILDREN'S BOOKS. THE FIRST ANNUAL MARGRET AND H. A. REY CURIOUS GEORGE LECTURE SERIES FEATURED TWO-TIME NEWBERY MEDALIST AND BELOVED CHILDREN'S AUTHOR KATE DICAMILLO. CLASSICS FROM DICAMILLO'S CATALOG INCLUDE BECAUSE OF WINN-DIXIE, THE TALE OF DESPEREAUX AND MOST RECENTLY, NATIONAL BOOK AWARD FINALIST, RAYMIE NIGHTINGALE. OVER 300 CHILDREN AND ADULTS ATTENDED THIS EVENT.THE FOUNDATION LAUNCHED THE FIRST PHASE OF A NEW PROGRAM-CREATIVE AGING-THAT FOCUSES ON OLDER ADULTS (50 YEARS +). WORKING WITH LIFETIME ARTS, THE FOUNDATION HOSTED STAFF DEVELOPMENT SESSIONS TO ESTABLISH A FRAMEWORK FOR BEING MORE RESPONSIVE TO OLDER ADULTS AND STRENGTHENING THE LIBRARY'S ROLE AS A CENTER FOR LIFELONG LEARNING. TOPICS COVERED IN THESE TRAINING SESSIONS: THE CURRENT AND FUTURE DEMOGRAPHICS OF THIS POPULATION, CURRENT BEST AND MODEL PROGRAMS, ADDRESSING AGEISM AND HOW TO WORK WITH ARTISTS AND OTHER ARTS PARTNERS TO DEVELOPING NEW PROGRAMS THAT FEATUE THE BEST OF CREATIVE AGING.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
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IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InitialReturnInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt02375
IRS990/InsuranceGrp/TotalAmt02375
IRS990/InvestmentIncomeGrp/ExclusionAmt067
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt067
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO RAISE FUNDS TO SUPPORT THE PROGRAMS AND SERVICES OF THE CAMBRIDGE PUBLIC LIBRARY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0769708
IRS990/NetAssetsOrFundBalancesEOYAmt0696634
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt0954
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01884
IRS990/OfficeExpensesGrp/ProgramServicesAmt04247
IRS990/OfficeExpensesGrp/TotalAmt07085
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0PROGRAM SUPPLIES
IRS990/OtherExpensesGrp/Desc1DEVELOPMENT
IRS990/OtherExpensesGrp/Desc2DONOR SOLICITATION
IRS990/OtherExpensesGrp/Desc3BANK CHARGES
IRS990/OtherExpensesGrp/FundraisingAmt05949
IRS990/OtherExpensesGrp/FundraisingAmt119143
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0223
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1100
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2792
IRS990/OtherExpensesGrp/ProgramServicesAmt098216
IRS990/OtherExpensesGrp/ProgramServicesAmt11000
IRS990/OtherExpensesGrp/ProgramServicesAmt21000
IRS990/OtherExpensesGrp/TotalAmt0104388
IRS990/OtherExpensesGrp/TotalAmt120243
IRS990/OtherExpensesGrp/TotalAmt21000
IRS990/OtherExpensesGrp/TotalAmt3792
IRS990/PartialLiquidationInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0182618
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0280016
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt083126
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt083126
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02990
IRS990/PrincipalOfficerNm0SHIPPEN L PAGE
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYContributionsGrantsAmt0707956
IRS990/PYExcessBenefitTransInd00
IRS990/PYInvestmentIncomeAmt05
IRS990/PYOtherExpensesAmt024714
IRS990/PYRevenuesLessExpensesAmt0683247
IRS990/PYTotalExpensesAmt024714
IRS990/PYTotalRevenueAmt0707961
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-73074
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0167253
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0794417
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0961670
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt067
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt05
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt072
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0410
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0410
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt0961670
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0167253
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0794417
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0961670
IRS990ScheduleA/TotalSupportAmt0962152
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0182618
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0108220
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0290838
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0182618
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0182618
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0240804
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.96280
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0167730
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE LAW. THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE FOUNDATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF THE TAX POSITIONS INCLUDE THE TAX EXEMPT STATUS OF THE FOUNDATION AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBIT). THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE ARE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR THE PERIODS ENDED JUNE 30, 2017 AND 2016.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.03720
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0240804
IRS990ScheduleD/TotalRevenuePerForm990Amt0167730
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0167730
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0240804
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FINANCE COMMITTEE WILL REVIEW THE 990 ON BEHALF OF THE BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DOCUMENTS CAN BE OBTAINED BY THE PRESIDENT, SHIPPEN L. PAGE, AT THE ORGANIZATIONS ADDRESS ON THIS RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONSULTING: PROGRAM SERVICE EXPENSES 12,500. MANAGEMENT AND GENERAL EXPENSES 12,500. FUNDRAISING EXPENSES 64,760. TOTAL EXPENSES 89,760.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0430461
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0366716
IRS990/TempOrPermanentEndowmentsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0778255
IRS990/TotalAssetsEOYAmt0938400
IRS990/TotalAssetsGrp/BOYAmt0778255
IRS990/TotalAssetsGrp/EOYAmt0938400
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0167253
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt091642
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt027199
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0121963
IRS990/TotalFunctionalExpensesGrp/TotalAmt0240804
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt08547
IRS990/TotalLiabilitiesEOYAmt0241766
IRS990/TotalLiabilitiesGrp/BOYAmt08547
IRS990/TotalLiabilitiesGrp/EOYAmt0241766
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0769708
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0696634
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt0410
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0410
IRS990/TotalProgramServiceExpensesAmt0121963
IRS990/TotalProgramServiceRevenueAmt0410
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0477
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0167730
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0778255
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0938400
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0156629
IRS990/UnrestrictedNetAssetsGrp/EOYAmt049902
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0449 BROADWAY
IRS990/USAddress/CityNm0CAMBRIDGE
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002138
IRS990/VotingMembersGoverningBodyCnt016
IRS990/VotingMembersIndependentCnt016
IRS990/WebsiteAddressTxt0WWW.CPLFOUND.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-03-14 21:41:22Z

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