Status and standing
Is it real, and can you give to it?
Where the money goes
What each dollar paid for.
Statement of Functional Expenses
Financial health
Is it on solid ground?
Summary of the Filing
| FY2020 | $3.9M |
|---|---|
| FY2021 | $4.6M |
| FY2022 | $4.2M |
| FY2023 | $4.4M |
| FY2024 | $4.5M |
| FY2025 | $4.8M |
| FY2020 | $31K |
|---|---|
| FY2021 | $0 |
| FY2022 | $0 |
| FY2023 | $0 |
| FY2024 | $0 |
| FY2025 | $0 |
Balance Sheet
Statement of Revenue
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 76% | — | — |
| Overhead ratio | 16% | — | — |
| Fundraising cost ratio | 45% | — | — |
| Investment management fee ratio | 1.0% | — | — |
| Accounting fee ratio | 1% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Leadership and pay
Who runs it, and what are they paid?
Officers, Directors & Key Employees
Wendy Connal-Nicolaou’s $71K as Executive Di is at the 63rd percentile of top reported officer pay among 1612 $100K–1M 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.
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Governance & Policies
- 15Voting board membersPt VI · Ln 1a
- 15Independent board membersPt VI · Ln 1b
- Conflict-of-interest policyPt VI · Ln 12aNo
- Whistleblower policyPt VI · Ln 13No
- Document retention policyPt VI · Ln 14Yes
- Top official’s pay independently reviewedPt VI · Ln 15aYes
- Family or business ties among leadersPt VI · Ln 2No
Mission and programs
What it does.
Provides community resources for learning and imagination in a historic setting.
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Where the work happens
The mission of the bill memorial library is to help enrich the lives of the residents of groton through access to the ideas, information, and entertainment available from books as well as a variety of other resources.
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Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Filing history
Every return on file.
| Year | Revenue | Expenses | Change | Filing |
|---|---|---|---|---|
| FY2025 Latest | $533K | $464K | +34% | 990 PDF |
| FY2024 | $399K | $482K | -27% | 990 PDF |
| FY2023 | $548K | $349K | +33% | 990 PDF |
| FY2022 | $412K | $366K | +7% | 990 PDF |
| FY2021 | $386K | $323K | +77% | 990 PDF |
| FY2020 Viewing | $217K | $390K | 990 PDF |
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Schedules filed Part IV
Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.
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Sources
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