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Howe Library Corporation

Tax-deductible

Hanover, NH501(c)(3)Since 1899 EIN 02-0222142Revenue $577K in FY2025

On file with the IRSthehowe.org13 South St, 03755-2132 · Hanover, NHTax-exempt since Jan 1945Publicly supported charity — 170(b)(1)(A)(vi)

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To own the building housing the Howe Library and to support theoperations of the Howe Library, the public Library of the town ofhanover, NH.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
Run by 20 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $85K a year · 17% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$45K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Plus $6.4M in investments, Pt X · Ln 11–13
Looks good: 6.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $27K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$577K
+3% vs prior year
Spent
$467K
To programs
77%
Net assets
$9.4M
By yearFY2020–FY2025
Revenue
$577K
FY2025▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$472K
FY2021$733K
FY2022$234K
FY2023$359K
FY2024$560K
FY2025$577K
Expenses
$467K
FY2025+0.3%
Tap a bar for its year
Expenses by fiscal year
FY2020$360K
FY2021$355K
FY2022$366K
FY2023$413K
FY2024$465K
FY2025$467K
Net assets
$9.4M
FY2025▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020$7.5M
FY2021$8.6M
FY2022$7.9M
FY2023$8.3M
FY2024$8.9M
FY2025$9.4M

From the FY2025 Form 990 (year ending June 2025) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1945.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $359K Management & general 20% · $94K Fundraising 3% · $14K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

14 people listed on the 990; $45K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Margaret Bellerive
Development Coordinator
$45,360Pt VII · Sec A
Carolyn Dever
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Tracy Walsh
Secretary
$0Pt VII · Sec A
Stan Colla
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Laura Larrick
Board Chair
$0Pt VII · Sec A
See Howe Library Corporation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Howe Library Corporation is a nonprofit based in Hanover, NH, formed in 1899.

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Provided by the organization

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1 program · $359K · in their own filed words · FY2024
01

Howe libary corporation owns the structure housing the howe library inhanover, NH. The organization also provides funding for the library,the operation of which is primarily funded by the town of hanover.

$359Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Fidelity Investments Charitable Gift FundFY2024$17K
Morgan Stanley Global Impact Funding Trust INCFY2024$5K
Emily Landecker Foundation INCFY2024$2K
Fannie M Lienhard Foundation a New Jersey Nonprofit CorpFY2024$1K
John M Shapiro Charitable TrustFY2024$1K
Robert Miller & Catherine Miller Charitable FoundationFY2024$500
Lubrano Family Charitable FoundationFY2024$100
Total grants receivedfrom 7 funders$27K
See all 7 funders →

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$577K
Ln 12
Gifts and grantsLn 1h$298K
Investment incomeLn 3$275K
Other incomeLn 4–11$4K
Money outPt IX
$467K
Ln 25
Programscol B$359K
Managementcol C$94K
Fundraisingcol D$14K
Owns and owesPt X
$9.4M
net assets · Ln 32
Cash and savingsLn 1–2$250K
Total assetsLn 16$9.4M
LiabilitiesLn 26$0
PeoplePt VI, VII
14
listed · VII A
PaidVII A1
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$298K
Noncash giftsLn 1g$2K
Investment incomeLn 3$275K
Other incomeLn 4–11$4K
Gains on assetsLn 7$96K
Total revenueLn 12$577K
Assets in detailPt X, end of year
CashLn 1$510
SavingsLn 2$249K
Cash and savings togetherLn 1–2$250K
InvestmentsLn 11–13$6.4M
Land, buildings, equipmentLn 10c$2.7M
Total assetsLn 16$9.4M
LiabilitiesLn 26$0
Net assetsLn 32$9.4M
OperationsPt I, VI
EmployeesI 51
VolunteersI 620
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$194K$250K
InvestmentsLn 11–13$5.9M$6.4M
Land, buildings, equipmentLn 10c$2.7M$2.7M
Total assetsLn 16$8.9M$9.4M
LiabilitiesLn 26$0$0
Net assetsLn 32$8.9M$9.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$49K$49K
Payroll taxesLn 10$4K$4K
Accounting feesLn 11c$6K$6K
Investment management feesLn 11f$30K$30K
Other fees for servicesLn 11g$2K$527$2K
Advertising and promotionLn 12$3K$3K
Information technologyLn 14$15K$15K
OccupancyLn 16$3K$3K
Depreciation, depletion and amortizationLn 22$136K$136K
InsuranceLn 23$256$256
Other expenses (24a–d)Ln 24$214K$200K$2K$12K
All other expensesLn 24e$5K$2K$2K
Total functional expensesLn 25$467K$359K$94K$14K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $577K$467K$110K$9.4M 990 PDF
FY2024 $560K$465K$95K$8.9M 990 PDF
FY2023 $359K$413K−$54K$8.3M 990 PDF
FY2022 $234K$366K−$132K$7.9M 990 PDF
FY2021 $733K$355K$378K$8.6M 990 PDF
FY2020 $472K$360K$112K$7.5M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $576,938 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $387,060$297,853
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $147,045$275,020
I-11 Other revenuePrior year $26,331$4,065
I-12 Total revenuePrior year $560,436$576,938
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $45,549$52,912
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $419,674$413,694
I-18 Total expensesPrior year $465,223$466,606
I-19 Revenue less expensesPrior year $95,213$110,332
Part VI · Governance 13 of 13 board members independent, 3 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $576,938 across 8 lines filed
VIII-1f All other contributions, gifts and grants$297,853
VIII-1g Noncash contributions (included above)$2,029
VIII-1h Total contributions, gifts and grants$297,853
VIII-3 Investment incomeExcluded from tax $178,586$178,586
VIII-7 Net gain or loss on sales of assetsExcluded from tax $96,434$96,434
VIII-8 Net income from fundraising eventsExcluded from tax −$1,352−$1,352
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $5,417$5,417
VIII-12 Total revenueRelated to mission $5,417 · Unrelated business $0 · Excluded from tax $273,668$576,938
Part IX · Statement of functional expenses $466,606 across 12 lines filed
IX-7 Other salaries and wagesManagement $48,870$48,870
IX-10 Payroll taxesManagement $4,042$4,042
IX-11c Accounting feesManagement $5,911$5,911
IX-11f Investment management feesManagement $30,291$30,291
IX-11g Other fees for servicesManagement $527 · Fundraising $1,587$2,114
IX-12 Advertising and promotionPrograms $3,461$3,461
IX-14 Information technologyPrograms $14,600$14,600
IX-16 OccupancyPrograms $2,843$2,843
IX-22 Depreciation, depletion and amortizationPrograms $135,667$135,667
IX-23 InsuranceManagement $256$256
IX-24 Other expenses (24a–d)Programs $199,639 · Management $2,258 · Fundraising $11,960$213,857
IX-24e All other expensesPrograms $2,474 · Management $2,220$4,694
IX-25 Total functional expensesPrograms $358,684 · Management $94,375 · Fundraising $13,547$466,606
Part X · Balance sheet $9,396,075 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $19,943$510
X-2 Savings and temporary cash investmentsStart of year $174,118$249,134
X-10c Land, buildings and equipment, netStart of year $2,736,683$2,718,252
X-11 Publicly traded securitiesStart of year $5,947,591$6,428,179
X-16 Total assetsStart of year $8,878,335$9,396,075
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $8,878,335$9,396,075
X-33 Total liabilities and net assetsStart of year $8,878,335$9,396,075
Part XI · Reconciliation of net assets $9,396,075 net assets at year end
XI-1 Total revenue$576,938
XI-2 Total expenses$466,606
XI-3 Revenue less expenses$110,332
XI-4 Net assets at start of year$8,878,335
XI-5 Net unrealized gains (losses) on investments$407,408
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$9,396,075

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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