Cotuit Library Association EIN 04-2203831 Form 990 (PDF) Claim this org

Cotuit Library Association FY2023 filing

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Cotuit Library Association is an education nonprofit based in Cotuit, MA. For fiscal year 2023 it reported $435K in revenue, $464K in expenses, and $2.4M in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Cotuit, MA
Website
www.library.cotuit.ma.us
Filings
5 on file (2021–2023)
Revenue
$435KFY2023
Expenses
$464K
Net assets
$2.4M
People
14
Filings
5
Updates
0
More identity details & actions ⌄
EIN  04-2203831 Public charity (501(c)(3)) Cotuit, MA
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
an education nonprofit
Leadership
Jessica Rudden-Dube · Exec Directo · $82K
Money in and out
$435K revenue, $464K expenses
Bottom line
68% program efficiency
Where the money goes · FY2023
Total revenue
$435K
Pt VIII · Ln 12
Total expenses
$464K
Pt IX · Ln 25
Net assets
$2.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$29K
Where spending went · Part IX cols B–D
Program services $0.68 Management & general $0.21 Fundraising $0.11
Program efficiency
68%
of spending reaches programs
Operating runway
51.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
-7%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$435K
FY2023▲ +12%
Expenses
$464K
FY2023▲ +11%
Total assets
$2.4M
FY2023▲ +7%
Total liabilities
$9K
FY2023▼ -11%
Total revenue
$435K
Pt VIII · Ln 12
Total expenses
$464K
Pt IX · Ln 25
Net assets
$2.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$29K
Total assetsPt X · Ln 16$2.4M
Program-expense ratioPt IX · col B68%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCotuit Library Association
EINHdr · item D04-2203831
Principal addressHdr · item CCotuit, MA
WebsiteHdr · item Jwww.library.cotuit.ma.us
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B71Z)
Ruling yearIRS BMFJun 1974

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$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 71st percentile of top reported officer pay among 1616 $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.

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Mission & Programs · Part III

Where the work happens

1 program service account for $317K of program spending, described in the organization's own filed words · FY2022.
01

Free lending library

$317Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$403K · 93%
Other revenue$31K · 7%
Contributions & grants93%$403K
Other revenue7%$31K
Investment income$1K
— government grantsLn 1e$263K
Total revenueLn 12$435K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.68 Management & general $0.21 Fundraising $0.11
Program services68%$317K
Management & general21%$99K
Fundraising11%$49K
Total functional expensesLn 25$464K

Balance Sheet

Part X · end of year
CashLn 1$424K
Total assetsLn 16$2.4M
Total liabilitiesLn 26$9K
Total net assetsLn 32$2.4M
Months of cash on handcomputed11.0

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.0M · Operating expenses/yr $464K
51.6 months
Where the money goes
Program services
Program services $317K · Total expenses $464K
68%
Management & General
Management & general $99K · Total expenses $464K
21%
Fundraising
Fundraising $49K · Total expenses $464K
11%
Cost to raise $1
Fundraising expense (3-yr avg) $42K · Solicited contributions (3-yr avg) $194K
$0.22 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $403K · Total revenue $435K
93%
Government reliance
Government grants $263K · Total revenue $435K
60%
Earned-income share
Program service revenue $0 · Total revenue $435K
0%
Investment reliance
Investment income $1K · Total revenue $435K
+0.3%
Program self-sufficiency
Program service revenue $0 · Total expenses $464K
0%
Growth & trend
Revenue growth (YoY)
This year $435K · Prior year $390K
+12%
Net-asset trend (YoY)
End of year $2.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $435K · Expenses $464K
-7%
Liabilities-to-Assets
Total liabilities — · Total assets $2.4M
Net-asset ratio
Net assets $2.4M · Total assets $2.4M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.6M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.4M
65%
People & payroll
Highest Reported Total Compensation
Individual Jessica Rudden-Dube · Reported title EXEC DIRECTO · Highest reported compensation $82K · Total expenses $464K
18%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $300K · Total expenses $464K
65%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 68%
Overhead ratio 21%
Fundraising cost ratio 12%
Revenue growth 12%
Accounting fee ratio 4%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$1K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$724K revenue · ⤓ 990 PDF
FY2024$580K revenue · ⤓ 990 PDF
FY2023$435K revenue · viewing · ⤓ 990 PDF
FY2022$390K revenue · ⤓ 990 PDF
FY2021$599K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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