Civic Intelligence

Somerville Public Library Foundation

990 • Fiscal year 2024 • EIN 84-4438599

Jul 01, 2023 to Jun 30, 2024 • Filed on Jan 16, 2025

Organization ProfileWWW.SOMERVILLEPUBLICLIBRARY.ORG
79 Highland AvenueSomerville, MA 02143

(617) 623-5000

Siviq Scores

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

Liabilities / Assets

18th percentile

0.00x

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

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

18th percentile

0.00x

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

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

86th percentile

42%

Higher net margin than 86% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

52nd percentile

5.0%

Faster asset growth than 52% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets18th percentile

Assets

Up

$1,775,392

Up $84,259 (+5.0%) from 2023

Net Assets

Up

$1,775,392

Up $84,259 (+5.0%) from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue And Expenses
Liabilities / Revenue18th percentileNet Margin86th percentile

Revenue

Up

$29,137

Up $63,487 (+185%) from 2023

Expenses

Up

$16,936

Up $4,589 (+37%) from 2023

Net Income

Up

$12,201

Up $58,898 (+126%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth52nd percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2020: $376,750Liabilities 2020: $7,054Net Assets 2020: $369,6962020Assets 2021: $345,444Liabilities 2021: $0Net Assets 2021: $345,4442021Assets 2022: $293,774Liabilities 2022: $0Net Assets 2022: $293,7742022Assets 2023: $1,691,133Liabilities 2023: $0Net Assets 2023: $1,691,1332023Assets 2024: $1,775,392Liabilities 2024: $0Net Assets 2024: $1,775,3922024Assets 2025: $1,869,574Liabilities 2025: $0Net Assets 2025: $1,869,5742025

Highlighted filing

2024

Assets$1,775,392
Liabilities$0
Net Assets$1,775,392
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$400K$200K$0-$200KRevenue 2020: $376,750Expenses 2020: $7,054Net Income 2020: $369,6962020Revenue 2021: -$17,169Expenses 2021: $21,910Net Income 2021: -$39,0792021Revenue 2022: $7,656Expenses 2022: $4,594Net Income 2022: $3,0622022Revenue 2023: -$34,350Expenses 2023: $12,347Net Income 2023: -$46,6972023Revenue 2024: $29,137Expenses 2024: $16,936Net Income 2024: $12,2012024Revenue 2025: $22,908Expenses 2025: $11,250Net Income 2025: $11,6582025

Highlighted filing

2024

Revenue$29,137
Expenses$16,936
Net Income$12,201
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Jan 16, 2025
Return Version
2023v6.0
Gross Receipts
$50,845
Mission and Program Overview

Mission

To direct and manage promotional and fundraising activities for the benefit of the somerville public libaray; to disburse funds for the renovation of the library buildings, for new library equipment & furnishings, and for new program initiatives; and to carry on any other charitable or educational activity.

To direct and manage promotional and fundraising activities for the benefit of the somerville public library.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$359,212$880,491▲ $521,279
Land, Buildings, and Equipment, Net$868,366$856,118▼ $12,248
Cash and Non-Interest-Bearing Accounts$463,555$38,783▼ $424,772
Total Assets$1,691,133$1,775,392▲ $84,259
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,691,133$1,775,392▲ $84,259
Total Net Assets Fund Balance$1,691,133$1,775,392▲ $84,259
Total Liabilities and Net Assets / Fund Balance$1,691,133$1,775,392▲ $84,259

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$317,946$18,882-
Land$538,172--
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Maren ChiuPresident
Katherine AuspitzDirector
Mary CassessoDirector
Ruth FarrisDirector
Vladimir BenoitDirector
Andrea PaulsonClerk
Chris LudlowTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,973
Program Service Revenue
$0
Investment Income
$29,822
Other Revenue
$-4,658
All Other Contributions
$3,973
Change in Net Assets
$12,201
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$12,177
Other Expenses$4,759
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$12,177--$12,177
Fees for Services Accounting-$950-$950
Insurance-$909-$909
Other Expenses$1,477$50-$50
Total Functional Expenses$13,654$3,282$0$16,936
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Somerville Public LibrarySomerville, MA501(c)(3)To Fund the Book for Kids Program and Citizenship.$6,227
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
No
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
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 990 will be reviewed by the board of directors before filing.”

Form 990, Part VI, Section C, Line 19

“UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Somerville Public Library Foundation
EIN
84-4438599
Phone
6176235000
Address
79 HIGHLAND AVENUE, SOMERVILLE, MA 02143

Signing Officer

Name
Chris Ludlow
Title
Treasurer
Phone
6176235000
Signed
2025-01-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chris Ludlow
Formed
2019
Legal Domicile
Ma
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
Livingston & Haynes Pc
Address
40 GROVE STREET, WELLESLEY, MA 02482-7711
Preparer
Maria Bunker
Phone
7812373339
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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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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO FUND THE BOOK FOR KIDS PROGRAM AND CITIZENSHIP.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0SOMERVILLE PUBLIC LIBRARY
IRS990ScheduleI/RecipientTable/RecipientEIN0046001414
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt079 HIGHLAND AVENUE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0SOMERVILLE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd002143
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0COST
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION REQUESTS THAT THOSE AWARDED THE FUNDS PROVIDE UPDATES ON HOW THE FUNDS WERE USED.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 WILL BE REVIEWED BY THE BOARD OF DIRECTORS BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0SOMERVILLE PUBLIC LIBRARY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0046001414
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PUBLIC LIBRARY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 6
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt079 HIGHLAND AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0SOMERVILLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd002143
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt06227
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0AMOUNT GIVEN
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0SOMERVILLE PUBLIC LIBRARY
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01691133
IRS990/TotalAssetsEOYAmt01775392
IRS990/TotalAssetsGrp/BOYAmt01691133
IRS990/TotalAssetsGrp/EOYAmt01775392
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt03973
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03282
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt013654
IRS990/TotalFunctionalExpensesGrp/TotalAmt016936
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01691133
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01775392
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt013654
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt025164
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt029137
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01691133
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01775392
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt079 HIGHLAND AVE
IRS990/USAddress/CityNm0SOMERVILLE
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002143
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.SOMERVILLEPUBLICLIBRARY.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CHRIS LUDLOW
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06176235000
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-01-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOMERVILLE PUBLIC LIBRARY FOUNDATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0INC
ReturnHeader/Filer/BusinessNameControlTxt0SOME
ReturnHeader/Filer/EIN0844438599
ReturnHeader/Filer/PhoneNum06176235000
ReturnHeader/Filer/USAddress/AddressLine1Txt079 HIGHLAND AVENUE
ReturnHeader/Filer/USAddress/CityNm0SOMERVILLE

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,775,392
Liabilities
$0
Net assets
$1,775,392
Revenue
$29,137
Expenses
$16,936
Net income
$12,201
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.87$0.00$1.87$0.02$0.01$0.01
2024Detailed filing. Detailed filing data is available for this year.$1.78$0.00$1.78$0.03$0.02$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.69$0.00$1.69$0.03$0.01$0.05
2022Detailed filing. Detailed filing data is available for this year.$0.29$0.00$0.29$0.01$0.00$0.00
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.35$0.00$0.35$0.02$0.02$0.04
2020Detailed filing. Detailed filing data is available for this year.$0.38$0.01$0.37$0.38$0.01$0.37