Nevins Memorial

Tax-deductible

Methuen, MA501(c)(3)EIN 04-2103826Revenue $1.6M in FY2024

On file with the IRSnevinslibrary.com305 Broadway, 01844-6806 · Methuen, MATax-exempt since Nov 1940Supporting organization — 509(a)(3)

This page gets seen. Tell your story. Claim this org.

Sponsor reading, litercy and cultural activities for all ages and provide computer access.

501(c)(3) charity; gifts are tax-deductible.
2¢ of each $1 spent went to programs.
Run by 260 volunteers and 51 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $339K a year · 18% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
2%
of spending
Concern: 2% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$104K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
13 mo
of spending, in cash
Looks good: 12.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6M
-56% vs prior year
Spent
$1.6M
To programs
2%
Net assets
$6.8M
By yearFY2020–FY2024
Revenue
$1.6M
FY2024▼ -56%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.9M
FY2021$1.5M
FY2022$1.1M
FY2023$3.6M
FY2024$1.6M
Expenses
$1.6M
FY2024▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.7M
FY2021$1.5M
FY2022$1.5M
FY2023$1.7M
FY2024$1.6M
Net assets
$6.8M
FY2024-0.4%
Tap a bar for its year
Net assets by fiscal year
FY2020$5.3M
FY2021$5.3M
FY2022$4.9M
FY2023$6.8M
FY2024$6.8M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1940.

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

Where the money goes

2 cents of each dollar spent went to programs.

Program services 2% · $28K Management & general 98% · $1.6M

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

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

8 people listed on the 990; $104K paid to officers and key staff.

Part VII, Section A · reportable compensation
$104,339Pt VII · Sec A
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021
Krista McLeod$104,339$101,328$98,778$95,941

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Nevins Memorial executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

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 15aYes

Programs and updates

Sponsor reading, literacy, and cultural activities, providing computer access for all ages.

Questions for Nevins Memorial

Tap to ask. Nevins Memorial sees how many people are interested.

Your first name shows with your question. Nevins Memorial answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

3 programs · $28K · in their own filed words · FY2024
01

Collaborate with the Methuen Public Schools to enhance the experience of reading for all Methuen children and to provied an array of choices for students and adults through book and author series

$28Kprogram expense
02

To remain in its technology offerings by purchasing and uodating of hardware and software to ensure the capacity to satisfy the demnds of technological dvancement

Pt IX · col B
03

Collaborate with the Methuen Schools nd other organizations to enhance literacy for all Methuen residents

Pt IX · col B

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.6M
Ln 12
Other incomeLn 4–11$1.2M
Investment incomeLn 3$355K
Gifts and grantsLn 1h$55K
Money outPt IX
$1.6M
Ln 25
Programscol B$28K
Managementcol C$1.6M
Owns and owesPt X
$6.8M
net assets · Ln 32
Cash and savingsLn 1–2$1.7M
Total assetsLn 16$6.8M
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$55K
Investment incomeLn 3$355K
Other incomeLn 4–11$1.2M
Gains on assetsLn 7$66K
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$1.7M
SavingsLn 2$0
Cash and savings togetherLn 1–2$1.7M
InvestmentsLn 11–13$5.0M
Land, buildings, equipmentLn 10c$24K
Other assetsLn 15$0
Total assetsLn 16$6.8M
LiabilitiesLn 26$0
Net assetsLn 32$6.8M
OperationsPt I, VI
EmployeesI 551
VolunteersI 6260
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$344K$1.7M
InvestmentsLn 11–13$6.4M$5.0M
Land, buildings, equipmentLn 10c$34K$24K
Total assetsLn 16$6.8M$6.8M
LiabilitiesLn 26$0$0
Net assetsLn 32$6.8M$6.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$104K$104K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$1.3M$1.3M
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$99K$99K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$6K$6K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$38K$38K
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$4K$4K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$10K$10K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$10K$10K
InsuranceLn 23$16K$16K
Other expenses (24a–d)Ln 24$51K$27K$24K
All other expensesLn 24e$10K$1K$9K
Total functional expensesLn 25$1.6M$28K$1.6M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.6M$1.6M−$24K$6.8M 990 PDF
FY2023 $3.6M$1.7M$1.9M$6.8M 990 PDF
FY2022 $1.1M$1.5M−$442K$4.9M 990 PDF
FY2021 $1.5M$1.5M$44K$5.3M 990 PDF
FY2020 $1.9M$1.7M$179K$5.3M 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $1,586,374 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $120,465$55,494
I-9 Program service revenue$0
I-10 Investment incomePrior year $2,420,847$354,568
I-11 Other revenuePrior year $1,053,297$1,176,312
I-12 Total revenuePrior year $3,594,609$1,586,374
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,420,870$1,466,064
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $237,724$144,472
I-18 Total expensesPrior year $1,658,594$1,610,536
I-19 Revenue less expensesPrior year $1,936,015−$24,162
Part VI · Governance 7 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,586,374 across 9 lines filed
VIII-1f All other contributions, gifts and grants$55,494
VIII-1h Total contributions, gifts and grants$55,494
VIII-3 Investment incomeExcluded from tax $289,039$289,039
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $65,529$65,529
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,176,312$1,176,312
VIII-12 Total revenueRelated to mission $1,241,841 · Excluded from tax $289,039$1,586,374
Part IX · Statement of functional expenses $1,610,536 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffManagement $104,339$104,339
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesManagement $1,263,216$1,263,216
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesManagement $98,509$98,509
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $6,500$6,500
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management feesManagement $37,806$37,806
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $3,722$3,722
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsManagement $9,668$9,668
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $9,728$9,728
IX-23 InsuranceManagement $15,622$15,622
IX-24 Other expenses (24a–d)Programs $26,586 · Management $24,459$51,045
IX-24e All other expensesPrograms $1,072 · Management $9,309$10,381
IX-25 Total functional expensesPrograms $27,658 · Management $1,582,878 · Fundraising $0$1,610,536
Part X · Balance sheet $6,782,989 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $344,385$1,721,663
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $34,047$24,319
X-11 Publicly traded securitiesStart of year $6,428,719$5,037,007
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $6,807,151$6,782,989
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $6,807,151$6,782,989
X-32 Total net assets or fund balancesStart of year $6,807,151$6,782,989
X-33 Total liabilities and net assetsStart of year $6,807,151$6,782,989
Part XI · Reconciliation of net assets $6,782,989 net assets at year end
XI-1 Total revenue$1,586,374
XI-2 Total expenses$1,610,536
XI-3 Revenue less expenses−$24,162
XI-4 Net assets at start of year$6,807,151
XI-10 Net assets at end of year$6,782,989

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.