Brownell Library FY2022 filing

Tax-deductible

L Compton, RI501(c)(3)EducationEIN 05-0259263

Maintains building and grounds of the brownell library for a community of approximately 3500 people

501(c)(3) charity; gifts are tax-deductible.
64¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $35K a year · 51% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
64%
of spending
Worth a look: 64% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
16 mo
of spending, in cash
Looks good: 16.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $19K
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
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$45K
+4% vs prior year
Spent
$29K
To programs
64%
Net assets
$1.8M
By yearFY2020–FY2024
Revenue
$45K
FY2022▲ +4%
Revenue by fiscal year
FY2020$57K
FY2021$43K
FY2022$45K
FY2023−$11K
FY2024$208K
Expenses
$29K
FY2022▲ +37%
Expenses by fiscal year
FY2020$19K
FY2021$21K
FY2022$29K
FY2023$24K
FY2024$75K
Net assets
$1.8M
FY2022▼ -12%
Net assets by fiscal year
FY2020$1.8M
FY2021$2.0M
FY2022$1.8M
FY2023$1.9M
FY2024$2.0M

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1962.

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

Where the money goes

64 cents of each dollar spent went to programs.

Program services 64% · $19K Management & general 36% · $10K

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

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Brownell Library 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

Maintains the library building and grounds for the community.

Provided by the organization

This section is blank until Brownell Library claims this page.

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1 program service account for $517 of program spending, described in the organization's own filed words · FY2022.
01

Maintain building and grounds for the brownell library in little compton

$517program 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 · FY2024
Total grants receivedfrom 1 funder$19K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$45K
Ln 12
Investment incomeLn 3$43K
Gifts and grantsLn 1h$1K
Money outPt IX
$29K
Ln 25
Programscol B$19K
Managementcol C$10K
Owns and owesPt X
$1.8M
net assets · Ln 32
Cash and savingsLn 1–2$39K
Total assetsLn 16$1.8M
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1K
Investment incomeLn 3$43K
Gains on assetsLn 7$7K
Total revenueLn 12$45K
Assets in detailPt X, end of year
SavingsLn 2$39K
Cash and savings togetherLn 1–2$39K
InvestmentsLn 11–13$1.3M
Land, buildings, equipmentLn 10c$399K
Total assetsLn 16$1.8M
LiabilitiesLn 26$0
Net assetsLn 32$1.8M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$123K$39K
InvestmentsLn 11–13$1.5M$1.3M
Land, buildings, equipmentLn 10c$399K$399K
Total assetsLn 16$2.0M$1.8M
LiabilitiesLn 26$0$0
Net assetsLn 32$2.0M$1.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$650$650
Other fees for servicesLn 11g$1K$517$566
Office expensesLn 13$2K$1K$244
OccupancyLn 16$21K$14K$7K
InsuranceLn 23$4K$2K$2K
Total functional expensesLn 25$29K$19K$10K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $208K$75K$134K$2.0M 990 PDF
FY2023 −$11K$24K−$35K$1.9M 990 PDF
FY2022 Viewing $45K$29K$16K$1.8M 990 PDF
FY2021 $43K$21K$22K$2.0M 990 PDF
FY2020 $57K$19K$37K$1.8M 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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $44,622 across 5 lines filed
VIII-1f All other contributions, gifts and grants$1,474
VIII-1h Total contributions, gifts and grants$1,474
VIII-3 Investment incomeRelated to mission $22,861 · Excluded from tax $13,423$36,284
VIII-7 Net gain or loss on sales of assetsRelated to mission $6,864$6,864
VIII-12 Total revenueRelated to mission $29,725 · Excluded from tax $13,423$44,622
Part IX · Statement of functional expenses $28,982 across 5 lines filed
IX-11c Accounting feesManagement $650$650
IX-11g Other fees for servicesPrograms $517 · Management $566$1,083
IX-13 Office expensesPrograms $1,380 · Management $244$1,624
IX-16 OccupancyPrograms $14,485 · Management $6,877$21,362
IX-23 InsurancePrograms $2,131 · Management $2,132$4,263
IX-25 Total functional expensesPrograms $18,513 · Management $10,469 · Fundraising $0$28,982
Part X · Balance sheet $1,751,502 assets, 7 lines filed
X-2 Savings and temporary cash investmentsStart of year $123,347$38,703
X-10c Land, buildings and equipment, netStart of year $398,659$398,659
X-11 Publicly traded securitiesStart of year $1,458,862$1,314,140
X-16 Total assetsStart of year $1,980,868$1,751,502
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $1,980,868$1,751,502
X-33 Total liabilities and net assetsStart of year $1,980,868$1,751,502
Part XI · Reconciliation of net assets $1,751,502 net assets at year end
XI-1 Total revenue$44,622
XI-2 Total expenses$28,982
XI-3 Revenue less expenses$15,640
XI-4 Net assets at start of year$1,980,868
XI-5 Net unrealized gains (losses) on investments−$245,006
XI-10 Net assets at end of year$1,751,502

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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