Lilly Library Association FY2024 filing

Tax-deductible

Florence, MA501(c)(3)EIN 04-2116611Revenue $615K in FY2024

On file with the IRSlillylibrary.org19 Meadow St, 01062-1230 · Florence, MATax-exempt since Jun 1951Publicly supported charity — 170(b)(1)(A)(vi)

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Library services

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
$550 paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
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
3 of 5
filings with a surplus
Average surplus $36K a year · 7% 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
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$550
to officers and key staff · 0.1% of spending
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 8.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $9K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$5K
0.08% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$615K
+30% vs prior year
Spent
$507K
To programs
92%
Net assets
$5.8M
By yearFY2021–FY2025
Revenue
$615K
FY2024▲ +30%
Tap a bar for its year
Revenue by fiscal year
FY2021$541K
FY2022$479K
FY2023$475K
FY2024$615K
FY2025$579K
Expenses
$507K
FY2024▼ -6%
Tap a bar for its year
Expenses by fiscal year
FY2021$444K
FY2022$491K
FY2023$542K
FY2024$507K
FY2025$526K
Net assets
$5.8M
FY2024▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2021$5.4M
FY2022$4.9M
FY2023$5.2M
FY2024$5.8M
FY2025$6.2M

From the FY2024 Form 990 (year ending June 2024) · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1951.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $467K Management & general 8% · $39K

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

9 people listed on the 990; $550 paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Treasurer
$550Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

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

NameFY2025FY2024FY2023FY2022FY2021
Sarah Darling$550$550$550$550$550

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.

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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 15aYes

Programs and updates

Lilly Library Association is a nonprofit based in Florence, MA.

Provided by the organization

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1 program · $467K · in their own filed words · FY2023
01

Provide library services

$467Kprogram 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
Total grants receivedfrom 1 funder$9K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$615K
Ln 12
Fees for servicesLn 2g$446K
Gifts and grantsLn 1h$99K
Investment incomeLn 3$69K
Money outPt IX
$507K
Ln 25
Programscol B$467K
Managementcol C$39K
Owns and owesPt X
$5.8M
net assets · Ln 32
Cash and savingsLn 1–2$346K
Total assetsLn 16$5.8M
LiabilitiesLn 26$5K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$99K
Fees for servicesLn 2g$446K
Investment incomeLn 3$69K
Other incomeLn 4–11$901
Total revenueLn 12$615K
Assets in detailPt X, end of year
SavingsLn 2$346K
Cash and savings togetherLn 1–2$346K
InvestmentsLn 11–13$4.0M
Land, buildings, equipmentLn 10c$1.5M
Total assetsLn 16$5.8M
LiabilitiesLn 26$5K
Net assetsLn 32$5.8M
OperationsPt I, VI
EmployeesI 524
VolunteersI 612
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$293K$346K
InvestmentsLn 11–13$3.4M$4.0M
Land, buildings, equipmentLn 10c$1.6M$1.5M
Total assetsLn 16$5.2M$5.8M
LiabilitiesLn 26$8K$5K
Net assetsLn 32$5.2M$5.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$269K$242K$27K
Payroll taxesLn 10$17K$15K$2K
Accounting feesLn 11c$691$691
Other fees for servicesLn 11g$4K$4K
Office expensesLn 13$2K$2K
Information technologyLn 14$6K$6K
OccupancyLn 16$59K$59K
Depreciation, depletion and amortizationLn 22$62K$62K
InsuranceLn 23$11K$11K
Other expenses (24a–d)Ln 24$75K$69K$6K
All other expensesLn 24e$120$120
Total functional expensesLn 25$507K$467K$39K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $579K$526K$53K$6.2M 990 PDF
FY2024 Viewing $615K$507K$108K$5.8M 990 PDF
FY2023 $475K$542K−$67K$5.2M 990 PDF
FY2022 $479K$491K−$12K$4.9M 990 PDF
FY2021 $541K$444K$97K$5.4M 990 PDF

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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 $614,903 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $47,534$99,382
I-9 Program service revenuePrior year $361,743$445,648
I-10 Investment incomePrior year $63,035$68,972
I-11 Other revenuePrior year $2,316$901
I-12 Total revenuePrior year $474,628$614,903
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 $276,298$286,121
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $265,593$220,752
I-18 Total expensesPrior year $541,891$506,873
I-19 Revenue less expensesPrior year −$67,263$108,030
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $614,903 across 6 lines filed
VIII-1f All other contributions, gifts and grants$99,382
VIII-1h Total contributions, gifts and grants$99,382
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $445,648$445,648
VIII-3 Investment incomeExcluded from tax $68,972$68,972
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $901$901
VIII-12 Total revenueRelated to mission $445,648 · Unrelated business $0 · Excluded from tax $69,873$614,903
Part IX · Statement of functional expenses $506,873 across 11 lines filed
IX-7 Other salaries and wagesPrograms $242,072 · Management $26,897$268,969
IX-10 Payroll taxesPrograms $15,437 · Management $1,715$17,152
IX-11c Accounting feesManagement $691$691
IX-11g Other fees for servicesManagement $4,330$4,330
IX-13 Office expensesPrograms $1,909$1,909
IX-14 Information technologyPrograms $5,672$5,672
IX-16 OccupancyPrograms $59,217$59,217
IX-22 Depreciation, depletion and amortizationPrograms $62,370$62,370
IX-23 InsurancePrograms $11,331$11,331
IX-24 Other expenses (24a–d)Programs $69,321 · Management $5,791$75,112
IX-24e All other expensesPrograms $120$120
IX-25 Total functional expensesPrograms $467,449 · Management $39,424 · Fundraising $0$506,873
Part X · Balance sheet $5,819,010 assets, 10 lines filed
X-2 Savings and temporary cash investmentsStart of year $292,543$345,877
X-9 Prepaid expenses and deferred chargesStart of year $394$394
X-10c Land, buildings and equipment, netStart of year $1,556,264$1,493,894
X-11 Publicly traded securitiesStart of year $3,368,245$3,978,845
X-16 Total assetsStart of year $5,217,446$5,819,010
X-25 Other liabilitiesStart of year $7,819$4,867
X-26 Total liabilitiesStart of year $7,819$4,867
X-27 Net assets without donor restrictionsStart of year $5,209,627$5,814,143
X-32 Total net assets or fund balancesStart of year $5,209,627$5,814,143
X-33 Total liabilities and net assetsStart of year $5,217,446$5,819,010
Part XI · Reconciliation of net assets $5,814,143 net assets at year end
XI-1 Total revenue$614,903
XI-2 Total expenses$506,873
XI-3 Revenue less expenses$108,030
XI-4 Net assets at start of year$5,209,627
XI-5 Net unrealized gains (losses) on investments$496,486
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,814,143

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

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