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Groton Public Library Endowment Tr

Tax-deductible

Groton, MA501(c)(3)Foundations & GrantmakersEIN 04-6819503Revenue $179K in FY2025

On file with the IRSgplendowment.orgPo Box 401, 01450-0401 · Groton, MATax-exempt since Oct 1997Supporting organization — 509(a)(3)

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Groton Public Library Endowment trust provides support for the Groton Public Library which is controlled by the town of Groton massachusetts.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
Run by 3 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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 $38K a year · 23% 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
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Fine: 2.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $6K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1K
0.02% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$179K
-11% vs prior year
Spent
$151K
To programs
89%
Net assets
$4.6M
By yearFY2021–FY2025
Revenue
$179K
FY2025▼ -11%
Tap a bar for its year
Revenue by fiscal year
FY2021$295K
FY2022$93K
FY2023$69K
FY2024$200K
FY2025$179K
Expenses
$151K
FY2025▼ -13%
Tap a bar for its year
Expenses by fiscal year
FY2021$89K
FY2022$114K
FY2023$120K
FY2024$173K
FY2025$151K
Net assets
$4.6M
FY2025▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2021$4.0M
FY2022$3.4M
FY2023$3.7M
FY2024$4.2M
FY2025$4.6M

From the FY2025 Form 990 (year ending June 2025) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1997.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $134K Management & general 7% · $11K Fundraising 4% · $5K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
David Zeiler
Director
$0Pt VII · Sec A
John Konetzny
Treasurer
$0Pt VII · Sec A
Sam Morrow
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Groton Public Library Endowment Tr 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

Supports the Groton Public Library with funding for its programs and services.

Questions for Groton Public Library Endowment Tr

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Provided by the organization

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1 program · $134K · in their own filed words · FY2024
01

To provide financial support for programs which benefit the groton public library

$134Kprogram 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 · FY2023
Vanguard Charitable Endowment ProgramFY2023$6K
The Madigan Family Foundation INCFY2023$250
Total grants receivedfrom 2 funders$6K

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$179K
Ln 12
Investment incomeLn 3$146K
Gifts and grantsLn 1h$33K
Money outPt IX
$151K
Ln 25
Programscol B$134K
Managementcol C$11K
Fundraisingcol D$5K
Owns and owesPt X
$4.6M
net assets · Ln 32
Cash and savingsLn 1–2$37K
Total assetsLn 16$4.6M
LiabilitiesLn 26$1K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$33K
Investment incomeLn 3$146K
Gains on assetsLn 7$54K
Total revenueLn 12$179K
Assets in detailPt X, end of year
CashLn 1$37K
Cash and savings togetherLn 1–2$37K
InvestmentsLn 11–13$4.6M
Total assetsLn 16$4.6M
LiabilitiesLn 26$1K
Net assetsLn 32$4.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
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 FY25End FY25
Cash and savingsLn 1–2$36K$37K
InvestmentsLn 11–13$4.2M$4.6M
Total assetsLn 16$4.2M$4.6M
LiabilitiesLn 26$2K$1K
Net assetsLn 32$4.2M$4.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$8K$8K
Advertising and promotionLn 12$17K$17K
Office expensesLn 13$5K$5K
Other expenses (24a–d)Ln 24$113K$108K$5K
All other expensesLn 24e$7K$4K$3K
Total functional expensesLn 25$151K$134K$11K$5K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $179K$151K$28K$4.6M 990 PDF
FY2024 $200K$173K$26K$4.2M 990 PDF
FY2023 $69K$120K−$51K$3.7M 990 PDF
FY2022 $93K$114K−$21K$3.4M 990 PDF
FY2021 $295K$89K$205K$4.0M 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 FY2025 990 (6 parts)
Part I · Summary $178,598 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $21,195$32,606
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $178,525$145,992
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $199,720$178,598
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 $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $173,330$150,667
I-18 Total expensesPrior year $173,330$150,667
I-19 Revenue less expensesPrior year $26,390$27,931
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $178,598 across 4 lines filed
Lines not itemized here account for $92,281 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$32,606
VIII-1h Total contributions, gifts and grants$32,606
VIII-7 Net gain or loss on sales of assetsExcluded from tax $53,711$53,711
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $145,992$178,598
Part IX · Statement of functional expenses $150,667 across 5 lines filed
IX-11c Accounting feesManagement $8,433$8,433
IX-12 Advertising and promotionPrograms $16,695$16,695
IX-13 Office expensesPrograms $5,056$5,056
IX-24 Other expenses (24a–d)Programs $108,073 · Fundraising $5,304$113,377
IX-24e All other expensesPrograms $4,381 · Management $2,725$7,106
IX-25 Total functional expensesPrograms $134,205 · Management $11,158 · Fundraising $5,304$150,667
Part X · Balance sheet $4,649,449 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $36,224$36,811
X-11 Publicly traded securitiesStart of year $4,156,195$4,612,638
X-16 Total assetsStart of year $4,192,419$4,649,449
X-17 Accounts payable and accrued expensesStart of year $2,460$1,108
X-26 Total liabilitiesStart of year $2,460$1,108
X-27 Net assets without donor restrictionsStart of year $4,189,959$4,648,341
X-32 Total net assets or fund balancesStart of year $4,189,959$4,648,341
X-33 Total liabilities and net assetsStart of year $4,192,419$4,649,449
Part XI · Reconciliation of net assets $4,648,341 net assets at year end
XI-1 Total revenue$178,598
XI-2 Total expenses$150,667
XI-3 Revenue less expenses$27,931
XI-4 Net assets at start of year$4,189,959
XI-5 Net unrealized gains (losses) on investments$430,451
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,648,341

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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