Pequot Library Association

Tax-deductible

Southport, CT501(c)(3)EducationEIN 06-0672790Revenue $2.6M in FY2025

On file with the IRSpequotlibrary.org720 Pequot Ave, 06890-1418 · Southport, CTTax-exempt since May 1950Publicly supported charity — 170(b)(1)(A)(vi)

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Pequot library's mission is to bring culture to life, including literature, art, science and the humanities. The Library serves a broad and diverse audience and throughout the year offers a circulating collection of books and media, organizes a changing schedule of art and history exhibitions, presents numerous music performances and education programs for all ages.

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
Run by 200 volunteers and 19 employees.
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 6
filings with a surplus
Average surplus $212K a year · 12% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$149K
to officers and key staff · 8% of spending
Top officer’s pay higher than 63% of similar orgs
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
8
named funders · $85K
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$169K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
20
of 20 voting members
Looks good: 20 of 20 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.6M
+52% vs prior year
Spent
$1.8M
To programs
70%
Net assets
$9.1M
By yearFY2020–FY2025
Revenue
$2.6M
FY2025▲ +52%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.6M
FY2021$2.7M
FY2022$1.3M
FY2023$1.3M
FY2024$1.7M
FY2025$2.6M
Expenses
$1.8M
FY2025▲ +0.6%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.5M
FY2021$1.4M
FY2022$1.7M
FY2023$1.7M
FY2024$1.8M
FY2025$1.8M
Net assets
$9.1M
FY2025▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2020$7.4M
FY2021$9.2M
FY2022$8.1M
FY2023$8.0M
FY2024$8.2M
FY2025$9.1M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1950.

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $1.3M Management & general 13% · $238K Fundraising 16% · $298K

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

26 people listed on the 990; $149K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$148,782Pt VII · Sec A
Past President as of 10/2024
$0Pt VII · Sec A
Past President Until 10/2024
$0Pt VII · Sec A
$0Pt VII · Sec A
Asst. Treasurer as of 10/2024
$0Pt VII · Sec A
Assistant Treasurer Until 10/2024
$0Pt VII · Sec A
Secretary as of 10/2024
$0Pt VII · Sec A
Secretary Until 10/2024
$0Pt VII · Sec A

Stephanie J Coakley’s $149K as Executive Director is at the 63rd percentile of top reported officer pay among 3394 $1–10M 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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Stephanie J Coakley$148,782$145,855$133,428$133,498$110,497$91,968

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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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

Brings culture to life through books, art, science, and humanities programs for all ages.

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Provided by the organization

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1 program · $1.3M · in their own filed words · FY2024
01

Pequot library enriches lives by serving the cultural, educational, and intellectual needs of the entire community. The library collects, preserves, and makes accessible a collection of rare books, manuscripts, and archives; provides public library services; organizes engaging programs about history, literature, and the arts; curates…

$1.3Mprogram 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
See all 8 funders →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$2.6M
Ln 12
Gifts and grantsLn 1h$1.9M
Investment incomeLn 3$274K
Other incomeLn 4–11$224K
Money outPt IX
$1.8M
Ln 25
Programscol B$1.3M
Managementcol C$238K
Fundraisingcol D$298K
Owns and owesPt X
$9.1M
net assets · Ln 32
Cash and savingsLn 1–2$784K
Total assetsLn 16$9.3M
LiabilitiesLn 26$169K
PeoplePt VI, VII
26
listed · VII A
PaidVII A1
Voting boardVI 1a20
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.9M
Government grantsLn 1e$350K
Noncash giftsLn 1g$8K
Fundraising eventsLn 1c$56K
Fees for servicesLn 2g$177K
Investment incomeLn 3$274K
Other incomeLn 4–11$224K
Gains on assetsLn 7$156K
Total revenueLn 12$2.6M
Assets in detailPt X, end of year
CashLn 1$784K
Cash and savings togetherLn 1–2$784K
InvestmentsLn 11–13$4.2M
Land, buildings, equipmentLn 10c$3.6M
Other assetsLn 15$30K
Total assetsLn 16$9.3M
LiabilitiesLn 26$169K
Net assetsLn 32$9.1M
OperationsPt I, VI
EmployeesI 519
VolunteersI 6200
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$918K$784K
InvestmentsLn 11–13$3.5M$4.2M
Land, buildings, equipmentLn 10c$3.8M$3.6M
Total assetsLn 16$8.4M$9.3M
LiabilitiesLn 26$188K$169K
Net assetsLn 32$8.2M$9.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$166K$117K$14K$34K
Other salaries and wagesLn 7$620K$438K$53K$129K
Pension plan contributionsLn 8$15K$11K$1K$3K
Other employee benefitsLn 9$43K$30K$4K$9K
Payroll taxesLn 10$57K$41K$5K$12K
Legal feesLn 11b$215$215
Accounting feesLn 11c$79K$79K
Investment management feesLn 11f$26K$26K
Other fees for servicesLn 11g$112K$52K$22K$37K
Office expensesLn 13$71K$53K$6K$13K
OccupancyLn 16$59K$40K$7K$12K
TravelLn 17$9K$7K$521$1K
Depreciation, depletion and amortizationLn 22$232K$232K
InsuranceLn 23$43K$32K$4K$7K
Other expenses (24a–d)Ln 24$230K$183K$13K$34K
All other expensesLn 24e$45K$34K$4K$7K
Total functional expensesLn 25$1.8M$1.3M$238K$298K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $2.6M$1.8M$752K$9.1M 990 PDF
FY2024 $1.7M$1.8M−$110K$8.2M 990 PDF
FY2023 $1.3M$1.7M−$391K$8.0M 990 PDF
FY2022 $1.3M$1.7M−$403K$8.1M 990 PDF
FY2021 $2.7M$1.4M$1.3M$9.2M 990 PDF
FY2020 $1.6M$1.5M$88K$7.4M 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 $2,559,972 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,130,856$1,884,335
I-9 Program service revenuePrior year $174,826$176,989
I-10 Investment incomePrior year $146,190$274,176
I-11 Other revenuePrior year $235,433$224,472
I-12 Total revenuePrior year $1,687,305$2,559,972
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 $876,444$901,863
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $920,979$906,121
I-18 Total expensesPrior year $1,797,423$1,807,984
I-19 Revenue less expensesPrior year −$110,118$751,988
Part VI · Governance 20 of 20 board members independent, no flags
VI-1a Voting members of the governing body20
VI-1b Independent voting members20
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 $2,559,972 across 12 lines filed
VIII-1c Fundraising events$55,797
VIII-1e Government grants$350,000
VIII-1f All other contributions, gifts and grants$1,478,538
VIII-1g Noncash contributions (included above)$8,189
VIII-1h Total contributions, gifts and grants$1,884,335
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $176,989$176,989
VIII-3 Investment incomeExcluded from tax $118,664$118,664
VIII-6 Net rental income or lossExcluded from tax $40,237$40,237
VIII-7 Net gain or loss on sales of assetsExcluded from tax $155,512$155,512
VIII-8 Net income from fundraising eventsExcluded from tax $180,690$180,690
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $3,545$3,545
VIII-12 Total revenueRelated to mission $176,989 · Unrelated business $0 · Excluded from tax $498,648$2,559,972
Part IX · Statement of functional expenses $1,807,984 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $117,281 · Management $14,176 · Fundraising $34,433$165,890
IX-7 Other salaries and wagesPrograms $438,304 · Management $52,983 · Fundraising $128,694$619,981
IX-8 Pension plan contributionsPrograms $10,953 · Management $1,324 · Fundraising $3,216$15,493
IX-9 Other employee benefitsPrograms $30,492 · Management $3,686 · Fundraising $8,953$43,131
IX-10 Payroll taxesPrograms $40,557 · Management $4,903 · Fundraising $11,908$57,368
IX-11b Legal feesManagement $215$215
IX-11c Accounting feesManagement $78,905$78,905
IX-11f Investment management feesManagement $26,176$26,176
IX-11g Other fees for servicesPrograms $51,979 · Management $22,413 · Fundraising $37,421$111,813
IX-13 Office expensesPrograms $52,606 · Management $5,741 · Fundraising $12,701$71,048
IX-16 OccupancyPrograms $40,453 · Management $6,753 · Fundraising $11,706$58,912
IX-17 TravelPrograms $7,385 · Management $521 · Fundraising $1,190$9,096
IX-22 Depreciation, depletion and amortizationPrograms $232,020$232,020
IX-23 InsurancePrograms $32,420 · Management $3,911 · Fundraising $6,781$43,112
IX-24 Other expenses (24a–d)Programs $182,817 · Management $13,159 · Fundraising $33,915$229,891
IX-24e All other expensesPrograms $34,145 · Management $3,548 · Fundraising $7,240$44,933
IX-25 Total functional expensesPrograms $1,271,412 · Management $238,414 · Fundraising $298,158$1,807,984
Part X · Balance sheet $9,291,822 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $917,608$784,244
X-3 Pledges and grants receivableStart of year $2,000$538,500
X-4 Accounts receivableStart of year $12,487$10,757
X-9 Prepaid expenses and deferred chargesStart of year $47,712$75,623
X-10c Land, buildings and equipment, netStart of year $3,837,427$3,634,195
X-11 Publicly traded securitiesStart of year $3,509,048$4,218,912
X-15 Other assetsStart of year $38,045$29,591
X-16 Total assetsStart of year $8,364,327$9,291,822
X-17 Accounts payable and accrued expensesStart of year $143,564$129,424
X-19 Deferred revenueStart of year $6,025$6,250
X-25 Other liabilitiesStart of year $38,427$33,493
X-26 Total liabilitiesStart of year $188,016$169,167
X-27 Net assets without donor restrictionsStart of year $6,696,004$6,632,102
X-28 Net assets with donor restrictionsStart of year $1,480,307$2,490,553
X-32 Total net assets or fund balancesStart of year $8,176,311$9,122,655
X-33 Total liabilities and net assetsStart of year $8,364,327$9,291,822
Part XI · Reconciliation of net assets $9,122,655 net assets at year end
XI-1 Total revenue$2,559,972
XI-2 Total expenses$1,807,984
XI-3 Revenue less expenses$751,988
XI-4 Net assets at start of year$8,176,311
XI-5 Net unrealized gains (losses) on investments$194,356
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$9,122,655

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

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