Civic Intelligence

Swampscott Public Library Investment Tru

EIN 76-0779954 • 501(c)3 • Swampscott, MA

Pub. 78 Eligible

Profile

Hold & manage trust property in accordance with the trust instrument & apply the income from such property, in trustees discretion, for renovation or construction of the swampscott public library building & replacement or improvement of furnishings & equipment within building.

61 Burrill StSwampscott, MA 01907

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

61st percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

8th percentile

-122%

Higher net margin than 8% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

26th percentile

-26%

Faster asset growth than 26% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

99th percentile

741%

Faster revenue growth than 99% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$177,426

Down $62,760 (-26%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$177,426

Down $62,760 (-26%) from 2023

Revenue

Up

$17,794

Up $15,677 (+741%) from 2023

Expenses

Up

$39,501

Up $36,092 (+1059%) from 2023

Net Income

Down

-$21,707

Down $20,415 (-1580%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0Assets 2010: $197,331Liabilities 2010: $1Net Assets 2010: $197,3302010Assets 2011: $143,533Liabilities 2011: $0Net Assets 2011: $143,5332011Assets 2012: $150,475Liabilities 2012: $0Net Assets 2012: $150,4752012Assets 2013: $161,759Liabilities 2013: $0Net Assets 2013: $161,7592013Assets 2014: $232,679Liabilities 2014: $0Net Assets 2014: $232,6792014Assets 2015: $225,880Liabilities 2015: $0Net Assets 2015: $225,8802015Assets 2016: $230,260Liabilities 2016: $0Net Assets 2016: $230,2602016Assets 2017: $247,477Liabilities 2017: $0Net Assets 2017: $247,4772017Assets 2018: $280,218Liabilities 2018: $0Net Assets 2018: $280,2182018Assets 2019: $302,298Liabilities 2019: $0Net Assets 2019: $302,2982019Assets 2020: $225,301Liabilities 2020: $0Net Assets 2020: $225,3012020Assets 2021: $251,478Liabilities 2021: $0Net Assets 2021: $251,4782021Assets 2022: $241,478Liabilities 2022: $0Net Assets 2022: $241,4782022Assets 2023: $240,186Liabilities 2023: $0Net Assets 2023: $240,1862023Assets 2024: $177,426Liabilities 2024: $0Net Assets 2024: $177,4262024

Highlighted filing

2024

Assets$177,426
Liabilities$0
Net Assets$177,426

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100K$50K$0-$50K-$100KExpenses 2010: $1,0282010Expenses 2011: $7192011Revenue 2012: $9,984Expenses 2012: $3,045Net Income 2012: $6,9392012Revenue 2013: $11,910Expenses 2013: $627Net Income 2013: $11,2832013Revenue 2014: $75,268Expenses 2014: $4,348Net Income 2014: $70,9202014Revenue 2015: -$2,684Expenses 2015: $4,115Net Income 2015: -$6,7992015Revenue 2016: $7,645Expenses 2016: $3,256Net Income 2016: $4,3892016Revenue 2017: $21,826Expenses 2017: $4,277Net Income 2017: $17,5492017Revenue 2018: $38,829Expenses 2018: $6,088Net Income 2018: $32,7412018Revenue 2019: $26,345Expenses 2019: $4,265Net Income 2019: $22,0802019Revenue 2020: -$23,251Expenses 2020: $54,122Net Income 2020: -$77,3732020Revenue 2021: $30,768Expenses 2021: $4,589Net Income 2021: $26,1792021Revenue 2022: -$1,023Expenses 2022: $8,977Net Income 2022: -$10,0002022Revenue 2023: $2,117Expenses 2023: $3,409Net Income 2023: -$1,2922023Revenue 2024: $17,794Expenses 2024: $39,501Net Income 2024: -$21,7072024

Highlighted filing

2024

Revenue$17,794
Expenses$39,501
Net Income-$21,707

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.77$0.00$1.77$0.18$0.40$0.22
2023Detailed filing. Detailed filing data is available for this year.$2.40$0.00$2.40$0.02$0.03$0.01
2022Detailed filing. Detailed filing data is available for this year.$2.41$0.00$2.41$0.01$0.09$0.10
2021Detailed filing. Detailed filing data is available for this year.$2.51$0.00$2.51$0.31$0.05$0.26
2020Detailed filing. Detailed filing data is available for this year.$2.25$0.00$2.25$0.23$0.54$0.77
2019Detailed filing. Detailed filing data is available for this year.$3.02$0.00$3.02$0.26$0.04$0.22
2018Detailed filing. Detailed filing data is available for this year.$2.80$0.00$2.80$0.39$0.06$0.33
2017Detailed filing. Detailed filing data is available for this year.$2.47$0.00$2.47$0.22$0.04$0.18
2016Detailed filing. Detailed filing data is available for this year.$2.30$0.00$2.30$0.08$0.03$0.04
2015Detailed filing. Detailed filing data is available for this year.$2.26$0.00$2.26$0.03$0.04$0.07
2014Detailed filing. Detailed filing data is available for this year.$2.33$0.00$2.33$0.75$0.04$0.71
2013Detailed filing. Detailed filing data is available for this year.$1.62$0.00$1.62$0.12$0.01$0.11
2012Summary only. Only limited summary data is available for this year.$1.50$0.00$1.50$0.10$0.03$0.07
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.44$0.00$1.44$0.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.97$0.00$1.97$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 13, 2025
Return Version
2024v5.2
Gross Receipts
$367,424
Mission and Program Overview

Mission

Hold & manage trust property in accordance with the trust instrument & apply the income from such property, in trustees discretion, for renovation or construction of the swampscott public library building & replacement or improvement of furnishings & equipment within building.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$193,834$172,161▼ $21,673
Cash and Non-Interest-Bearing Accounts$5,299$5,265▼ $34
Total Assets$199,133$177,426▼ $21,707
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$199,133$177,426▼ $21,707
Total Net Assets Fund Balance$199,133$177,426▼ $21,707
Total Liabilities and Net Assets / Fund Balance$199,133$177,426▼ $21,707
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$17,794
Other Revenue
$0
Change in Net Assets
$-21,707
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$32,760
Other Expenses$6,741
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$32,760--$32,760
Fees for Service Investment Mgmnt Fees-$3,550-$3,550
Fees for Services Accounting-$3,150-$3,150
Fees for Services Other-$41-$41
Total Functional Expenses$32,760$6,741$0$39,501
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Swampscott Public LibrarySwampscott, MAGovtBuilding Repairs and Maintenance$32,760
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
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
Yes
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 governing body review Part VI line 11

The trustees review the form o 990 before it is filed.

Conflict of interest policy compliance Part VI line 12C

Trustees monitor conflicts in approving or ratifying decision of the chairman.

CEO executive director top management comp Part VI line 15A

The trustees receive no compensation.

Other officer or key employee compensation Part VI line 15B

There are no other officers or key employees.

Governing documents etc available to public Part VI line 19

The documents are filed with the ma attorney generals office and are made available upon request of the trust.

Filing and Contact Details

Filer

Filer Name
Swampscott Public Library Inv Trust
EIN
76-0779954
In Care Of
% JOHANNAH MORGAN
Address
61 BURRILL ST, SWAMPSCOTT, MA 01907

Signing Officer

Name
Johannah Morgan
Title
Trustee
Phone
6177234300
Signed
2025-05-13
Discuss with paid preparer
Yes

Organization Details

Formed
2005
Legal Domicile
Ma
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Millett Rafferty
Address
3 SEANS WAY, Marblehead, MA 01945
Preparer
Thomas D Millett
Phone
6177234300
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

Carpet installation and electrical fees for building improvements.

Raw XML Appendix362 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/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02005
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/SecuritiesAmt012695
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt032760
IRS990/GrantsToDomesticOrgsGrp/TotalAmt032760
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0362325
IRS990/GrossReceiptsAmt0367424
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
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IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt05099
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt05099
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0193834
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0172161
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
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IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0349630
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
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IRS990/MoreThan5000KToIndividualsInd0false
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IRS990/NetAssetsOrFundBalancesBOYAmt0199133
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IRS990/NoListedPersonsCompensatedInd0X
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IRS990/Organization501c3Ind0X
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IRS990/OtherWebsiteInd0X
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IRS990/PYInvestmentIncomeAmt02117
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TRUSTEES REVIEW THE FORM O 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TRUSTEES MONITOR CONFLICTS IN APPROVING OR RATIFYING DECISION OF THE CHAIRMAN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE TRUSTEES RECEIVE NO COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THERE ARE NO OTHER OFFICERS OR KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE DOCUMENTS ARE FILED WITH THE MA ATTORNEY GENERALS OFFICE AND ARE MADE AVAILABLE UPON REQUEST OF THE TRUST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CARPET INSTALLATION AND ELECTRICAL FEES FOR BUILDING IMPROVEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5List of other fees for services expenses Part IX line 11g
IRS990ScheduleR/AssetExchangeInd0false
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ReturnHeader/ReturnTs02025-11-13T18:30:37-05:00
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ReturnHeader/TaxYr02024

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