Lee Library Association FY2024 filing

Tax-deductible

Lee, MA501(c)(3)EIN 04-2156198

To be a primary community resource by providing free access to resources in a variety of formats and to encouarge everyone to appreciate the joy of reading and the value of libraries.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
4 of 5
filings with a surplus
Average surplus $13K a year · 4% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
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
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$294K
+3% vs prior year
Spent
$288K
To programs
100%
Net assets
$501K
By yearFY2021–FY2025
Revenue
$294K
FY2024▲ +3%
Revenue by fiscal year
FY2021$262K
FY2022$279K
FY2023$285K
FY2024$294K
FY2025$341K
Expenses
$288K
FY2024▼ -4%
Expenses by fiscal year
FY2021$234K
FY2022$257K
FY2023$301K
FY2024$288K
FY2025$316K
Net assets
$501K
FY2024▲ +9%
Net assets by fiscal year
FY2021$490K
FY2022$461K
FY2023$461K
FY2024$501K
FY2025$539K

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 Jul 1953.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $288K

Form 990 Part IX, line 25. Every line is in By the numbers.

Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Lee Library Association 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

Offers free resources and promotes the joy and value of reading to the community.

Provided by the organization

This section is blank until Lee Library Association claims this page.

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1 program service account for $288K of program spending, described in the organization's own filed words · FY2023.
01

The library provides access to various forms of information for the local community and to the internet through a hardwired computer and free wifi. Programs and community events are also held at the library

$288Kprogram expense

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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 · FY2025
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$294K
Ln 12
Gifts and grantsLn 1h$276K
Investment incomeLn 3$17K
Other incomeLn 4–11$1K
Money outPt IX
$288K
Ln 25
Programscol B$288K
Owns and owesPt X
$501K
net assets · Ln 32
Cash and savingsLn 1–2$101K
Total assetsLn 16$501K
LiabilitiesLn 26$0
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$276K
Government grantsLn 1e$272K
Investment incomeLn 3$17K
Other incomeLn 4–11$1K
Total revenueLn 12$294K
Assets in detailPt X, end of year
CashLn 1$1K
SavingsLn 2$100K
Cash and savings togetherLn 1–2$101K
InvestmentsLn 11–13$399K
Total assetsLn 16$501K
LiabilitiesLn 26$0
Net assetsLn 32$501K
OperationsPt I, VI
EmployeesI 58
VolunteersI 68
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
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$111K$101K
InvestmentsLn 11–13$350K$399K
Total assetsLn 16$461K$501K
LiabilitiesLn 26$0$0
Net assetsLn 32$461K$501K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$132K$132K
Payroll taxesLn 10$7K$7K
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$2K$2K
Information technologyLn 14$19K$19K
OccupancyLn 16$58K$58K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$57K$57K
All other expensesLn 24e$6K$6K
Total functional expensesLn 25$288K$288K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $341K$316K$24K$539K 990 PDF
FY2024 Viewing $294K$288K$6K$501K 990 PDF
FY2023 $285K$301K−$16K$461K 990 PDF
FY2022 $279K$257K$22K$461K 990 PDF
FY2021 $262K$234K$27K$490K 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 (4 parts)
Part VIII · Statement of revenue $294,060 across 6 lines filed
VIII-1e Government grants$272,112
VIII-1f All other contributions, gifts and grants$3,689
VIII-1h Total contributions, gifts and grants$275,801
VIII-3 Investment incomeRelated to mission $16,910$16,910
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,349$1,349
VIII-12 Total revenueRelated to mission $16,910 · Excluded from tax $1,349$294,060
Part IX · Statement of functional expenses $288,031 across 9 lines filed
IX-7 Other salaries and wagesPrograms $132,294$132,294
IX-10 Payroll taxesPrograms $7,433$7,433
IX-11c Accounting feesPrograms $3,000$3,000
IX-11g Other fees for servicesPrograms $2,445$2,445
IX-14 Information technologyPrograms $18,788$18,788
IX-16 OccupancyPrograms $58,136$58,136
IX-23 InsurancePrograms $3,206$3,206
IX-24 Other expenses (24a–d)Programs $57,161$57,161
IX-24e All other expensesPrograms $5,568$5,568
IX-25 Total functional expensesPrograms $288,031 · Management $0 · Fundraising $0$288,031
Part X · Balance sheet $500,599 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $10,823$1,046
X-2 Savings and temporary cash investmentsStart of year $100,519$100,161
X-11 Publicly traded securitiesStart of year $350,013$399,392
X-16 Total assetsStart of year $461,355$500,599
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $461,355$500,599
X-32 Total net assets or fund balancesStart of year $461,355$500,599
X-33 Total liabilities and net assetsStart of year $461,355$500,599
Part XI · Reconciliation of net assets $500,599 net assets at year end
XI-1 Total revenue$294,060
XI-2 Total expenses$288,031
XI-3 Revenue less expenses$6,029
XI-4 Net assets at start of year$461,355
XI-5 Net unrealized gains (losses) on investments$33,215
XI-10 Net assets at end of year$500,599

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

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