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Ashaway Free Library FY2021 filing

Tax-deductible

Ashaway, RI501(c)(3)EducationEIN 05-0274531Revenue $140K in FY2021

On file with the IRSashfreelib.orgPo Box 70, 02804-0002 · Ashaway, RITax-exempt since Jul 1952Publicly supported charity — 170(b)(1)(A)(vi)

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To enrich the community by providing resources and related services and programming for personal skills, self-improvement, career advancement, cultural enjoyment, entertainment , and creative activities.

501(c)(3) charity; gifts are tax-deductible.
67¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
0 of 5
filings with a surplus
Average deficit $11K a year · 8% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 7.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $2K
Fine: 2 funders name 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
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$140K
Spent
$148K
To programs
67%
Net assets
$875K
By yearFY2021–FY2025
Revenue
$140K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$140K
FY2022$151K
FY2023$142K
FY2024$128K
FY2025$139K
Expenses
$148K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$148K
FY2022$165K
FY2023$150K
FY2024$145K
FY2025$146K
Net assets
$875K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$875K
FY2022$773K
FY2023$782K
FY2024$796K
FY2025$814K

From the FY2021 Form 990 (year ending June 2021) · see the original

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You’re viewing the FY2021 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 1952.

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

Where the money goes

67 cents of each dollar spent went to programs.

Program services 67% · $99K Management & general 28% · $42K Fundraising 5% · $8K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 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
$0Pt VII · Sec A
See Ashaway Free 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

Offers resources and programs for personal growth, career skills, and cultural enrichment.

Questions for Ashaway Free Library

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Provided by the organization

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1 program · $99K · in their own filed words · FY2020
01

Free comprehensive library services for the community; juvenile and adult education programs; inter-library and internet access and school support services.

$99Kprogram 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 · FY2024
Ashaway Charitable TrustFY2024$1K
Pfizer Foundation INCFY2024$580
Total grants receivedfrom 2 funders$2K

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$140K
Ln 12
Gifts and grantsLn 1h$116K
Investment incomeLn 3$23K
Fees for servicesLn 2g$484
Money outPt IX
$148K
Ln 25
Programscol B$99K
Managementcol C$42K
Fundraisingcol D$8K
Owns and owesPt X
$875K
net assets · Ln 32
Cash and savingsLn 1–2$93K
Total assetsLn 16$875K
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$116K
Government grantsLn 1e$87K
Fees for servicesLn 2g$484
Investment incomeLn 3$23K
Gains on assetsLn 7$6K
Total revenueLn 12$140K
Assets in detailPt X, end of year
CashLn 1$93K
Cash and savings togetherLn 1–2$93K
InvestmentsLn 11–13$466K
Land, buildings, equipmentLn 10c$285K
Other assetsLn 15$31K
Total assetsLn 16$875K
LiabilitiesLn 26$0
Net assetsLn 32$875K
OperationsPt I, VI
EmployeesI 54
VolunteersI 612
Fiscal year endsHeaderJune
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 FY21End FY21
Cash and savingsLn 1–2$76K$93K
InvestmentsLn 11–13$423K$466K
Land, buildings, equipmentLn 10c$293K$285K
Total assetsLn 16$824K$875K
LiabilitiesLn 26$0$0
Net assetsLn 32$824K$875K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$63K$28K$28K$6K
Payroll taxesLn 10$6K$3K$3K$560
Accounting feesLn 11c$500$500
Investment management feesLn 11f$2K$2K
Office expensesLn 13$3K$3K
TravelLn 17$180$180
Depreciation, depletion and amortizationLn 22$8K$8K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$50K$46K$5K
All other expensesLn 24e$13K$9K$4K$829
Total functional expensesLn 25$148K$99K$42K$8K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $139K$146K−$7K$814K 990 PDF
FY2024 $128K$145K−$18K$796K 990 PDF
FY2023 $142K$150K−$8K$782K 990 PDF
FY2022 $151K$165K−$14K$773K 990 PDF
FY2021 Viewing $140K$148K−$9K$875K 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 FY2021 990 (6 parts)
Part I · Summary $139,629 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $134,951$116,229
I-9 Program service revenuePrior year $749$484
I-10 Investment incomePrior year $13,522$22,916
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $149,222$139,629
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 $65,770$68,293
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $72,681$79,985
I-18 Total expensesPrior year $138,451$148,278
I-19 Revenue less expensesPrior year $10,771−$8,649
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $139,629 across 7 lines filed
VIII-1e Government grants$86,897
VIII-1f All other contributions, gifts and grants$29,332
VIII-1h Total contributions, gifts and grants$116,229
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $484$484
VIII-3 Investment incomeExcluded from tax $17,126$17,126
VIII-7 Net gain or loss on sales of assetsExcluded from tax $5,790$5,790
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $23,400$139,629
Part IX · Statement of functional expenses $148,278 across 10 lines filed
IX-7 Other salaries and wagesPrograms $28,216 · Management $28,216 · Fundraising $6,270$62,702
IX-10 Payroll taxesPrograms $2,516 · Management $2,515 · Fundraising $560$5,591
IX-11c Accounting feesManagement $500$500
IX-11f Investment management feesManagement $2,181$2,181
IX-13 Office expensesPrograms $3,233$3,233
IX-17 TravelPrograms $180$180
IX-22 Depreciation, depletion and amortizationPrograms $7,758$7,758
IX-23 InsurancePrograms $2,750$2,750
IX-24 Other expenses (24a–d)Programs $45,506 · Management $4,703$50,209
IX-24e All other expensesPrograms $8,797 · Management $3,548 · Fundraising $829$13,174
IX-25 Total functional expensesPrograms $98,956 · Management $41,663 · Fundraising $7,659$148,278
Part X · Balance sheet $874,632 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $76,490$92,878
X-10c Land, buildings and equipment, netStart of year $292,692$284,934
X-11 Publicly traded securitiesStart of year $423,420$465,912
X-15 Other assetsStart of year $30,908$30,908
X-16 Total assetsStart of year $823,510$874,632
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $823,510$874,632
X-32 Total net assets or fund balancesStart of year $823,510$874,632
X-33 Total liabilities and net assetsStart of year $823,510$874,632
Part XI · Reconciliation of net assets $874,632 net assets at year end
XI-1 Total revenue$139,629
XI-2 Total expenses$148,278
XI-3 Revenue less expenses−$8,649
XI-4 Net assets at start of year$823,510
XI-5 Net unrealized gains (losses) on investments$59,771
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$874,632

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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