To maintain the westerly Library, hoxie gallery and wilcox, a 15 acre arboretum.

501(c)(3) charity; gifts are tax-deductible.
74¢ 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
2 of 6
filings with a surplus
Average deficit $209K a year · 7% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
2 mo
of spending, in cash
Fine: 2.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
8
named funders · $75K
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$999K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.0M
+86% vs prior year
Spent
$3.2M
To programs
74%
Net assets
$43.4M
By yearFY2020–FY2025
Revenue
$4.0M
FY2024▲ +86%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.8M
FY2021$2.4M
FY2022$3.1M
FY2023$2.1M
FY2024$4.0M
FY2025$2.7M
Expenses
$3.2M
FY2024▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.9M
FY2021$2.9M
FY2022$3.0M
FY2023$3.0M
FY2024$3.2M
FY2025$3.3M
Net assets
$43.4M
FY2024▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2020$36.3M
FY2021$43.4M
FY2022$37.1M
FY2023$39.6M
FY2024$43.4M
FY2025$46.2M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

Give Claim
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 1944.

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

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $2.4M Management & general 16% · $530K Fundraising 9% · $296K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

19 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
See Memorial & Library Association executive salaries →

On this list? Claim this org

Something off? Claim to add context

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

Maintains a library, gallery, and 15-acre arboretum for public enjoyment.

Questions for Memorial & Library Association

Tap to ask. Memorial & Library Association sees how many people are interested.

Your first name shows with your question. Memorial & Library Association answers here, for everyone.

Provided by the organization

Know this org? Add your story

3 programs · $2.4M · in their own filed words · FY2023
01

Library

The library provides essential resources,services and programs that enrich the lives of all its patrons; children of all ages are WELCOME,& introduced to the magic of reading; it is a center for civic pride & community; it is a thriving, busy, warm, beautiful, & welcoming place.

$2.4Mprogram expense
02

Wilcox Park

Wilcox park is a nationally significant arboretum and designed landscape, and one of the cornerstones for our sense of place in the region. It is a beautiful, private park that also serves as an outdoor community space.

Pt IX · col B
03

Building

The building that houses westerly library is one of the mostsignificant structures in the historic district that surrounds it. Itis one of the great landmarks in rhode island and a strong example ofthe vision america had for the important role to be played by its LATE19TH century libraries in forging a new, democratic, post civil…

Pt IX · col B

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
See all 8 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$4.0M
Ln 12
Investment incomeLn 3$2.0M
Gifts and grantsLn 1h$1.9M
Other incomeLn 4–11$120K
Money outPt IX
$3.2M
Ln 25
Programscol B$2.4M
Managementcol C$530K
Fundraisingcol D$296K
Owns and owesPt X
$43.4M
net assets · Ln 32
Cash and savingsLn 1–2$665K
Total assetsLn 16$44.4M
LiabilitiesLn 26$999K
PeoplePt VI, VII
19
listed · VII A
PaidVII A0
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.9M
Government grantsLn 1e$1.1M
Noncash giftsLn 1g$90K
Fundraising eventsLn 1c$72K
Fees for servicesLn 2g$10K
Investment incomeLn 3$2.0M
Other incomeLn 4–11$120K
Gains on assetsLn 7$1.2M
Total revenueLn 12$4.0M
Assets in detailPt X, end of year
CashLn 1$63K
SavingsLn 2$602K
Cash and savings togetherLn 1–2$665K
InvestmentsLn 11–13$33.0M
Land, buildings, equipmentLn 10c$7.7M
Other assetsLn 15$2.0M
Total assetsLn 16$44.4M
LiabilitiesLn 26$999K
Net assetsLn 32$43.4M
OperationsPt I, VI
EmployeesI 549
VolunteersI 60
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$1.0M$665K
InvestmentsLn 11–13$29.2M$33.0M
Land, buildings, equipmentLn 10c$7.4M$7.7M
Total assetsLn 16$40.8M$44.4M
LiabilitiesLn 26$1.2M$999K
Net assetsLn 32$39.6M$43.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$1.6M$1.1M$220K$228K
Pension plan contributionsLn 8$31K$21K$6K$5K
Other employee benefitsLn 9$122K$97K$19K$6K
Payroll taxesLn 10$131K$95K$18K$19K
Management feesLn 11a$44K$43K$683
Legal feesLn 11b$168$168
Accounting feesLn 11c$108K$107K$1K
Investment management feesLn 11f$61K$61K
Office expensesLn 13$11K$305$514$10K
Information technologyLn 14$142K$53K$72K$17K
OccupancyLn 16$128K$128K$120
TravelLn 17$5K$4K$537$470
InterestLn 20$41K$41K
Depreciation, depletion and amortizationLn 22$377K$375K$3K
InsuranceLn 23$60K$51K$9K$126
Other expenses (24a–d)Ln 24$341K$334K$6K$1K
All other expensesLn 24e$57K$39K$10K$8K
Total functional expensesLn 25$3.2M$2.4M$530K$296K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.7M$3.3M−$604K$46.2M 990 PDF
FY2024 Viewing $4.0M$3.2M$762K$43.4M 990 PDF
FY2023 $2.1M$3.0M−$839K$39.6M 990 PDF
FY2022 $3.1M$3.0M$109K$37.1M 990 PDF
FY2021 $2.4M$2.9M−$573K$43.4M 990 PDF
FY2020 $2.8M$2.9M−$108K$36.3M 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $3,978,420 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,515,603$1,880,580
I-9 Program service revenuePrior year $9,648$9,557
I-10 Investment incomePrior year $569,337$1,968,692
I-11 Other revenuePrior year $40,594$119,591
I-12 Total revenuePrior year $2,135,182$3,978,420
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 $1,689,449$1,840,828
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,284,929$1,375,368
I-18 Total expensesPrior year $2,974,378$3,216,196
I-19 Revenue less expensesPrior year −$839,196$762,224
Part VI · Governance 17 of 17 board members independent, no flags
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
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 $3,978,420 across 12 lines filed
VIII-1c Fundraising events$71,993
VIII-1e Government grants$1,071,009
VIII-1f All other contributions, gifts and grants$737,578
VIII-1g Noncash contributions (included above)$90,389
VIII-1h Total contributions, gifts and grants$1,880,580
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $9,557$9,557
VIII-3 Investment incomeExcluded from tax $807,129$807,129
VIII-6 Net rental income or lossRelated to mission $6,000$6,000
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,161,563$1,161,563
VIII-8 Net income from fundraising eventsExcluded from tax $68,124$68,124
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,827 · Excluded from tax $40,640$45,467
VIII-12 Total revenueRelated to mission $20,384 · Unrelated business $0 · Excluded from tax $2,077,456$3,978,420
Part IX · Statement of functional expenses $3,216,196 across 17 lines filed
IX-7 Other salaries and wagesPrograms $1,109,326 · Management $220,136 · Fundraising $227,764$1,557,226
IX-8 Pension plan contributionsPrograms $20,681 · Management $5,530 · Fundraising $4,778$30,989
IX-9 Other employee benefitsPrograms $96,502 · Management $18,753 · Fundraising $6,392$121,647
IX-10 Payroll taxesPrograms $94,640 · Management $17,561 · Fundraising $18,765$130,966
IX-11a Management feesPrograms $43,033 · Fundraising $683$43,716
IX-11b Legal feesManagement $168$168
IX-11c Accounting feesManagement $106,559 · Fundraising $1,171$107,730
IX-11f Investment management feesManagement $60,798$60,798
IX-13 Office expensesPrograms $305 · Management $514 · Fundraising $10,306$11,125
IX-14 Information technologyPrograms $53,201 · Management $71,861 · Fundraising $16,553$141,615
IX-16 OccupancyPrograms $128,283 · Fundraising $120$128,403
IX-17 TravelPrograms $3,593 · Management $537 · Fundraising $470$4,600
IX-20 InterestPrograms $41,120$41,120
IX-22 Depreciation, depletion and amortizationPrograms $374,505 · Management $2,650$377,155
IX-23 InsurancePrograms $51,188 · Management $9,146 · Fundraising $126$60,460
IX-24 Other expenses (24a–d)Programs $333,652 · Management $6,296 · Fundraising $1,047$340,995
IX-24e All other expensesPrograms $39,439 · Management $9,787 · Fundraising $8,257$57,483
IX-25 Total functional expensesPrograms $2,389,468 · Management $530,296 · Fundraising $296,432$3,216,196
Part X · Balance sheet $44,405,100 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $113,990$62,758
X-2 Savings and temporary cash investmentsStart of year $896,062$602,286
X-3 Pledges and grants receivableStart of year $1,228,587$909,453
X-4 Accounts receivableStart of year $3,750$3,380
X-9 Prepaid expenses and deferred chargesStart of year $43,928$110,768
X-10c Land, buildings and equipment, netStart of year $7,446,127$7,696,261
X-11 Publicly traded securitiesStart of year $29,175,937$32,972,799
X-15 Other assetsStart of year $1,914,864$2,047,395
X-16 Total assetsStart of year $40,823,245$44,405,100
X-17 Accounts payable and accrued expensesStart of year $200,860$191,601
X-19 Deferred revenue$8,000
X-26 Total liabilitiesStart of year $1,214,605$999,156
X-27 Net assets without donor restrictionsStart of year $24,693,065$28,829,470
X-28 Net assets with donor restrictionsStart of year $14,915,575$14,576,474
X-32 Total net assets or fund balancesStart of year $39,608,640$43,405,944
X-33 Total liabilities and net assetsStart of year $40,823,245$44,405,100
Part XI · Reconciliation of net assets $43,405,944 net assets at year end
XI-1 Total revenue$3,978,420
XI-2 Total expenses$3,216,196
XI-3 Revenue less expenses$762,224
XI-4 Net assets at start of year$39,608,640
XI-5 Net unrealized gains (losses) on investments$2,902,549
XI-9 Other changes in net assets$132,531
XI-10 Net assets at end of year$43,405,944

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.