Cotuit Library Association FY2023 filing

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Free lending Library

Form 990 Part I, line 1, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 04-2203831) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
68¢ of each $1 spent went to programs.
$82K 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

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $93K a year · 17% of revenue · last 5 filings
A surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
68%
of spending
68% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$82K
to officers and key staff · 18% of spending
Pay to officers and key staff is 18% of spending.
Part VII, Section A
11.0 mo
of spending, in cash
Plus $1.6M in investments, Pt X · Ln 11–13
11.0 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$9K
0.4% of total assets
Liabilities are 0.4% of assets.
Pt X · Ln 26
Independent board members
5
of 5 voting members
5 of 5 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$435K
+12% vs prior year
Spent
$464K
To programs
68%
Net assets
$2.4M
By yearFY2021–FY2025
Revenue
$435K
FY2023▲ +12%
Tap a bar for its year
Revenue by fiscal year
FY2021$599K
FY2022$390K
FY2023$435K
FY2024$580K
FY2025$724K
Expenses
$464K
FY2023▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2021$397K
FY2022$417K
FY2023$464K
FY2024$497K
FY2025$488K
Net assets
$2.4M
FY2023▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2021$2.5M
FY2022$2.3M
FY2023$2.4M
FY2024$2.7M
FY2025$3.0M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

You’re viewing the FY2023 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 1974.

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

Where the money goes

68 cents of each dollar spent went to programs.

Program services 68% · $317K Management & general 21% · $99K Fundraising 11% · $49K

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; $82K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
$81,822Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Asst. Treasu
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Jessica Rudden-Dube’s $79K as Former Exec is at the 70th percentile of top reported officer pay among 1613 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Jessica Rudden-Dube$78,532$81,822$41,823$40,154
Antonia Stephens———$23,224

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 Cotuit Library Association executive salaries →

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

Cotuit Library Association is an education nonprofit based in Cotuit, MA.

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1 program · $317K · in their own filed words · FY2022
01

Free lending Library

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 04-2203831) · Dispute this line
$317Kprogram 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 · FY2025
Total grants receivedfrom 1 funder$1K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$435K
Ln 12
Gifts and grantsLn 1h$403K
Investment incomeLn 3$40K
Money outPt IX
$464K
Ln 25
Programscol B$317K
Managementcol C$99K
Fundraisingcol D$49K
Owns and owesPt X
$2.4M
net assets · Ln 32
Cash and savingsLn 1–2$424K
Total assetsLn 16$2.4M
LiabilitiesLn 26$9K
PeoplePt VI, VII
14
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$403K
Government grantsLn 1e$263K
Investment incomeLn 3$40K
Gains on assetsLn 7−$39K
Total revenueLn 12$435K
Assets in detailPt X, end of year
CashLn 1$424K
Cash and savings togetherLn 1–2$424K
Prepaid expenses and deferred chargesLn 9$1K
Land, buildings, equipmentLn 10c$423K
InvestmentsLn 11–13$1.6M
Total assetsLn 16$2.4M
LiabilitiesLn 26$9K
Net assetsLn 32$2.4M
OperationsPt I, VI
EmployeesI 512
VolunteersI 615
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 FY23End FY23
Cash and savingsLn 1–2$401K$424K
InvestmentsLn 11–13$1.4M$1.6M
Land, buildings, equipmentLn 10c$437K$423K
Total assetsLn 16$2.3M$2.4M
LiabilitiesLn 26$10K$9K
Net assetsLn 32$2.3M$2.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$267K$160K$67K$40K
Other employee benefitsLn 9$12K$7K$3K$2K
Payroll taxesLn 10$21K$12K$5K$3K
Accounting feesLn 11c$20K$20K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$38K$31K$4K$4K
OccupancyLn 16$36K$36K
Depreciation, depletion and amortizationLn 22$15K$15K
InsuranceLn 23$10K$10K
Other expenses (24a–d)Ln 24$42K$42K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$464K$317K$99K$49K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Sep 25, 2025 $724K$488K$236K$3.0M 990 PDF
FY2024Filed with the IRS Dec 19, 2024 $580K$497K$83K$2.7M 990 PDF
FY2023 ViewingFiled with the IRS Dec 4, 2023 $435K$464K−$29K$2.4M 990 PDF
FY2022Filed with the IRS Dec 21, 2022 $390K$417K−$28K$2.3M 990 PDF
FY2021Filed with the IRS Nov 17, 2021 $599K$397K$202K$2.5M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2023 990
Part I · Summary $435,438 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $320,680$403,414
I-9 Program service revenue$0
I-10 Investment incomePrior year $37,741$1,267
I-11 Other revenuePrior year $31,157$30,757
I-12 Total revenuePrior year $389,578$435,438
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $257,229$299,723
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $160,263$164,230
I-18 Total expensesPrior year $417,492$463,953
I-19 Revenue less expensesPrior year −$27,914−$28,515
Part VI · Governance 5 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $435,438 across 8 lines filed
VIII-1e Government grants$262,661
VIII-1f All other contributions, gifts and grants$140,753
VIII-1h Total contributions, gifts and grants$403,414
VIII-3 Investment incomeExcluded from tax $40,164$40,164
VIII-7 Net gain or loss on sales of assetsRelated to mission −$38,897−$38,897
VIII-8 Net income from fundraising events$28,836
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,921$1,921
VIII-12 Total revenueRelated to mission −$36,976 · Excluded from tax $40,164$435,438
Part IX · Statement of functional expenses $463,953 across 11 lines filed
IX-7 Other salaries and wagesPrograms $159,970 · Management $66,654 · Fundraising $39,992$266,616
IX-9 Other employee benefitsPrograms $7,483 · Management $3,118 · Fundraising $1,871$12,472
IX-10 Payroll taxesPrograms $12,381 · Management $5,159 · Fundraising $3,095$20,635
IX-11c Accounting feesManagement $19,883$19,883
IX-12 Advertising and promotionPrograms $1,188$1,188
IX-13 Office expensesPrograms $30,719 · Management $3,840 · Fundraising $3,840$38,399
IX-16 OccupancyPrograms $35,767$35,767
IX-22 Depreciation, depletion and amortizationPrograms $15,145$15,145
IX-23 InsurancePrograms $9,744$9,744
IX-24 Other expenses (24a–d)Programs $42,005$42,005
IX-24e All other expensesPrograms $2,099$2,099
IX-25 Total functional expensesPrograms $316,501 · Management $98,654 · Fundraising $48,798$463,953
Part X · Balance sheet $2,419,730 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $400,876$424,364
X-9 Prepaid expenses and deferred chargesStart of year $1,057$1,494
X-10c Land, buildings and equipment, netStart of year $437,225$423,100
X-11 Publicly traded securitiesStart of year $1,422,836$1,570,772
X-16 Total assetsStart of year $2,261,994$2,419,730
X-17 Accounts payable and accrued expensesStart of year $10,431$9,331
X-26 Total liabilitiesStart of year $10,431$9,331
X-27 Net assets without donor restrictionsStart of year $2,215,899$2,356,145
X-28 Net assets with donor restrictionsStart of year $35,664$54,254
X-32 Total net assets or fund balancesStart of year $2,251,563$2,410,399
X-33 Total liabilities and net assetsStart of year $2,261,994$2,419,730
Part XI · Reconciliation of net assets $2,410,399 net assets at year end
XI-1 Total revenue$435,438
XI-2 Total expenses$463,953
XI-3 Revenue less expenses−$28,515
XI-4 Net assets at start of year$2,251,563
XI-5 Net unrealized gains (losses) on investments$187,351
XI-10 Net assets at end of year$2,410,399

Form 990 e-file FY2023 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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