Civic Intelligence

Weymouth Libraries Foundation Inc.

990EZ • Fiscal year 2023 • EIN 87-1692973

Jan 01, 2023 to Dec 31, 2023 • Filed on Jun 06, 2024

Organization ProfileWWW.WEYMOUTHLIBRARIESFOUNDATION.ORG
46 Broad StWeymouth, MA 02188

(919) 597-9544

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2023

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2023

Net Margin

97th percentile

85%

Higher net margin than 97% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

63rd percentile

9.6%

Faster asset growth than 63% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

4th percentile

-87%

Faster revenue growth than 4% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$230,616

Up $20,292 (+9.6%) from 2022

Net Assets

Up

$230,616

Up $20,292 (+9.6%) from 2022

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin97th percentile

Revenue

Down

$23,975

Down $161,766 (-87%) from 2022

Expenses

Down

$3,683

Down $1,971 (-35%) from 2022

Net Income

Down

$20,292

Down $159,795 (-89%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth63rd percentile

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

$400K$300K$200K$100K$0Assets 2022: $210,324Net Assets 2022: $210,3242022Assets 2023: $230,616Net Assets 2023: $230,6162023Assets 2024: $345,549Net Assets 2024: $345,5492024

Highlighted filing

2023

Assets$230,616
Liabilities-
Net Assets$230,616
Open 2023 Filing

Operations Trend

Revenue Growth4th percentile

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

$200K$150K$100K$50K$0Revenue 2022: $185,741Expenses 2022: $5,654Net Income 2022: $180,0872022Revenue 2023: $23,975Expenses 2023: $3,683Net Income 2023: $20,2922023Revenue 2024: $120,785Expenses 2024: $5,853Net Income 2024: $114,9322024

Highlighted filing

2023

Revenue$23,975
Expenses$3,683
Net Income$20,292
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jun 6, 2024
Return Version
2023v5.0
Gross Receipts
$23,975
Mission and Program Overview

Mission

The corporation's principal activities are to sustain and enrich the quality of the town of weymouth public libraries' services, materials, and programs. This will be accomplished through raising funds and awarding grants to the town of weymouth public libraries.

Program Services

DescriptionGrantsExpenses
TO SUSTAIN AND ENRICH THE QUALITY OF THE TOWN OF WEYMOUTH PUBLIC LIBRARIES' SERVICES, MATERIALS, AND PROGRAMS.-$1,831
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
MATTHEW TALLONPresident-$0--
JAMAR GREENTreasurer-$0--
NICHOLAS BULENSClerk-$0--
JULIE HACKETTVice Preside-$0--
KERRY HYNESDirector-$0--
PAUL WATANABEDirector-$0--
ERIN O'BRIENDirector-$0--
PAUL HALEYDirector-$0--
Filing and Contact Details

Filer

Filer Name
The Weymouth Libraries Foundation
EIN
87-1692973
Phone
9195979544
Address
46 BROAD ST, WEYMOUTH, MA 02188

Signing Officer

Name
Jamar Green
Title
Treasurer
Phone
9195979544
Signed
2024-06-06
Discuss with paid preparer
Yes

Preparer

Firm
D J Gustafson & Co CPA Pc
Address
775 PLEASANT STREET SUITE 5, E WEYMOUTH, MA 02189
Preparer
James W Gustafson CPA
Phone
7813318811
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses office supplies 1,761 taxes - other 70 total 1,831”

Form 990-ez, Part III

“The corporation's principal activities are to sustain and enrich the quality of the town of weymouth public libraries' services, materials, and programs. This will be accomplished through raising funds and awarding grants to the town of weymouth public libraries.”

Raw XML Appendix138 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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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0WEYMOUTH
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2CLERK
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt01831
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0THE CORPORATION'S PRINCIPAL ACTIVITIES ARE TO SUSTAIN AND ENRICH THE QUALITY OF THE TOWN OF WEYMOUTH PUBLIC LIBRARIES' SERVICES, MATERIALS, AND PROGRAMS. THIS WILL BE ACCOMPLISHED THROUGH RAISING FUNDS AND AWARDING GRANTS TO THE TOWN OF WEYMOUTH PUBLIC LIBRARIES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0TO SUSTAIN AND ENRICH THE QUALITY OF THE TOWN OF WEYMOUTH PUBLIC LIBRARIES' SERVICES, MATERIALS, AND PROGRAMS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt01831
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IRS990EZ/TypeOfOrganizationCorpInd0X
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IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt022571
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0185741
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt039460
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IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/TotalSupportAmt0247772
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES OFFICE SUPPLIES 1,761 TAXES - OTHER 70 TOTAL 1,831
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CORPORATION'S PRINCIPAL ACTIVITIES ARE TO SUSTAIN AND ENRICH THE QUALITY OF THE TOWN OF WEYMOUTH PUBLIC LIBRARIES' SERVICES, MATERIALS, AND PROGRAMS. THIS WILL BE ACCOMPLISHED THROUGH RAISING FUNDS AND AWARDING GRANTS TO THE TOWN OF WEYMOUTH PUBLIC LIBRARIES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART III
ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09195979544
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ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE WEYMOUTH LIBRARIES FOUNDATION
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0E WEYMOUTH
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ReturnHeader/PreparerPersonGrp/PreparationDt02024-06-07
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ReturnHeader/ReturnTs02024-06-10T12:21:27-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JAMAR
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ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$230,616
Liabilities
-
Net assets
$230,616
Revenue
$23,975
Expenses
$3,683
Net income
$20,292
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.46$3.46$1.21$0.06$1.15
2023Detailed filing. Detailed filing data is available for this year.$2.31$2.31$0.24$0.04$0.20
2022Detailed filing. Detailed filing data is available for this year.$2.10$2.10$1.86$0.06$1.80