The Greenwich Library FY2021 filing

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To provide exceptional resources, programs, and services that promote the joy of lifelong learning and discovery, and to offer a welcoming place for people to gather and share experiences.

Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 06-6002281) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
$182K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $1.0M a year · 19% of revenue · last 6 filings
A surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
88%
of spending
88% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$182K
to officers and key staff · 5% of spending
Pay to officers and key staff is 5% of spending.
Part VII, Section A
3.1 mo
of spending, in cash
Plus $15.8M in investments, Pt X · Ln 11–13
3.1 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $4K
2 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$110K
0.1% of total assets
Liabilities are 0.1% of assets.
Pt X · Ln 26
Independent board members
21
of 21 voting members
21 of 21 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$8.0M
+100% vs prior year
Spent
$3.9M
To programs
88%
Net assets
$86.7M
By yearFY2020–FY2025
Revenue
$8.0M
FY2021▲ +100%
Tap a bar for its year
Revenue by fiscal year
FY2020$4.0M
FY2021$8.0M
FY2022$5.2M
FY2023$2.4M
FY2024$9.4M
FY2025$3.6M
Expenses
$3.9M
FY2021▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.4M
FY2021$3.9M
FY2022$4.6M
FY2023$4.4M
FY2024$5.0M
FY2025$5.2M
Net assets
$86.7M
FY2021▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2020$76.4M
FY2021$86.7M
FY2022$78.5M
FY2023$79.5M
FY2024$87.4M
FY2025$87.2M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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 Dec 1943.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $3.4M Management & general 7% · $280K Fundraising 5% · $186K

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

23 people listed on the 990; $182K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Accounting Manager
$95,224Pt VII · Sec A
Director of Dev.
$86,442Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
First Vice President
$0Pt VII · Sec A
Co-Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A

Lisa Mandel’s $175K as Director of Dev. is at the 76th 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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Lisa Mandel$175,167$160,438$158,069$150,577$86,442—
Nancy Klein—————$133,714
Peggy Pei$113,087$107,732$104,914$99,942$95,224$94,926

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.

See The Greenwich Library executive salaries →

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

Offers books and media for learning, research, and enjoyment.

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3 programs · $3.4M · in their own filed words · FY2020
01

Peterson Funded Operations

The clementine lockwood peterson foundation (the "foundation"), a separate entity operated by independent trustees, funds the maintenance and operations of the peterson wing of the main library through an agreement between the library and the town of greenwich.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 06-6002281) · Dispute this line
$1.7Mprogram expense
02

Private Funding

Expenditures for staff training and development, circulating materials and library supplies, professional consulting on best practices for the library, community book programs, lectures, concerts and adult and child activities and programs in addition to those supported by friends organizations, capital acquisitions, improvements and…

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 06-6002281) · Dispute this line
$1.3Mprogram expense
03

Friends Organizations

Refers to the organizations "friends of greenwich library," "friends of cos cob library, and "friends of byram shubert library." these organizations provide funding and activities for the respective branches of the library.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 06-6002281) · Dispute this line
$420Kprogram 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 · FY2025
Total grants receivedfrom 2 funders$4K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$8.0M
Ln 12
Investment incomeLn 3$4.2M
Gifts and grantsLn 1h$3.8M
Fees for servicesLn 2g$32K
Money outPt IX
$3.9M
Ln 25
Programscol B$3.4M
Managementcol C$280K
Fundraisingcol D$186K
Owns and owesPt X
$86.7M
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$86.8M
LiabilitiesLn 26$110K
PeoplePt VI, VII
23
listed · VII A
PaidVII A2
Voting boardVI 1a21
IndependentVI 1b21
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.8M
Government grantsLn 1e$1.9M
Noncash giftsLn 1g$1.2M
Fees for servicesLn 2g$32K
Investment incomeLn 3$4.2M
Gains on assetsLn 7$4.2M
Total revenueLn 12$8.0M
Assets in detailPt X, end of year
CashLn 1$436K
SavingsLn 2$566K
Cash and savings togetherLn 1–2$1.0M
Pledges and grants receivableLn 3$697K
Land, buildings, equipmentLn 10c$33.0M
InvestmentsLn 11–13$15.8M
Other assetsLn 15$36.3M
Total assetsLn 16$86.8M
LiabilitiesLn 26$110K
Net assetsLn 32$86.7M
OperationsPt I, VI
EmployeesI 54
VolunteersI 6225
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$1.2M
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$6K
Share of the $10.4M endowmentSch D 1g0.06%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
LineFY21FY20FY19FY18FY17
End of yearLn 1g$10.4M$8.6M$16.4M$15.5M$14.2M
AddedLn 1b$400K$902K$79K$634K$404K
SpentLn 1d–1f$673K$8.7M$220K$412K$528K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$3.7M$1.0M
InvestmentsLn 11–13$16.1M$15.8M
Land, buildings, equipmentLn 10c$27.9M$33.0M
Total assetsLn 16$78.1M$86.8M
LiabilitiesLn 26$1.7M$110K
Net assetsLn 32$76.4M$86.7M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$263K$167K$96K
Other salaries and wagesLn 7$595K$541K$24K$29K
Other employee benefitsLn 9$268K$233K$21K$15K
Payroll taxesLn 10$23K$19K$3K$2K
Investment management feesLn 11f$6K$6K
Other fees for servicesLn 11g$154K$125K$30K
Advertising and promotionLn 12$11K$8K$3K
Office expensesLn 13$52K$11K$2K$39K
OccupancyLn 16$76K$76K
TravelLn 17$34K$30K$4K
Depreciation, depletion and amortizationLn 22$1.9M$1.9M
Other expenses (24a–d)Ln 24$475K$453K$22K
All other expensesLn 24e$11K$7K$2K$2K
Total functional expensesLn 25$3.9M$3.4M$280K$186K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 15, 2026 $3.6M$5.2M−$1.6M$87.2M 990 PDF
FY2024Filed with the IRS Apr 28, 2025 $9.4M$5.0M$4.3M$87.4M 990 PDF
FY2023Filed with the IRS May 9, 2024 $2.4M$4.4M−$2.0M$79.5M 990 PDF
FY2022Filed with the IRS May 8, 2023 $5.2M$4.6M$610K$78.5M 990 PDF
FY2021 ViewingFiled with the IRS May 10, 2022 $8.0M$3.9M$4.1M$86.7M 990 PDF
FY2020Filed with the IRS May 12, 2021 $4.0M$3.4M$587K$76.4M 990 PDF

Schedules filed Part IV

A · Public support D · Assets and endowments I · Grants M · Noncash O · Explanations
See the full FY2021 990
Part I · Summary $8,026,445 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,520,799$3,793,632
I-9 Program service revenuePrior year $30,474$32,082
I-10 Investment incomePrior year $476,972$4,200,731
I-11 Other revenuePrior year −$20,009$0
I-12 Total revenuePrior year $4,008,236$8,026,445
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 $1,084,049$1,149,386
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,337,565$2,729,047
I-18 Total expensesPrior year $3,421,614$3,878,433
I-19 Revenue less expensesPrior year $586,622$4,148,012
Part VI · Governance 21 of 21 board members independent, no flags
VI-1a Voting members of the governing body21
VI-1b Independent voting members21
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 $8,026,445 across 8 lines filed
VIII-1e Government grants$1,939,039
VIII-1f All other contributions, gifts and grants$1,854,593
VIII-1g Noncash contributions (included above)$1,245,984
VIII-1h Total contributions, gifts and grants$3,793,632
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $32,082$32,082
VIII-3 Investment incomeExcluded from tax $48,288$48,288
VIII-7 Net gain or loss on sales of assetsRelated to mission −$9,527 · Excluded from tax $4,161,970$4,152,443
VIII-12 Total revenueRelated to mission $22,555 · Unrelated business $0 · Excluded from tax $4,210,258$8,026,445
Part IX · Statement of functional expenses $3,878,433 across 13 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Management $167,161 · Fundraising $95,746$262,907
IX-7 Other salaries and wagesPrograms $541,432 · Management $23,881 · Fundraising $29,338$594,651
IX-9 Other employee benefitsPrograms $232,691 · Management $20,747 · Fundraising $14,902$268,340
IX-10 Payroll taxesPrograms $18,841 · Management $2,732 · Fundraising $1,915$23,488
IX-11f Investment management feesManagement $5,998$5,998
IX-11g Other fees for servicesPrograms $124,880 · Management $29,500$154,380
IX-12 Advertising and promotionPrograms $8,437 · Fundraising $3,024$11,461
IX-13 Office expensesPrograms $10,852 · Management $1,888 · Fundraising $38,784$51,524
IX-16 OccupancyPrograms $76,014$76,014
IX-17 TravelPrograms $30,299 · Management $3,556$33,855
IX-22 Depreciation, depletion and amortizationPrograms $1,909,914$1,909,914
IX-24 Other expenses (24a–d)Programs $452,558 · Management $22,167$474,725
IX-24e All other expensesPrograms $7,104 · Management $2,036 · Fundraising $2,036$11,176
IX-25 Total functional expensesPrograms $3,413,022 · Management $279,666 · Fundraising $185,745$3,878,433
Part X · Balance sheet $86,849,437 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $262,963$436,475
X-2 Savings and temporary cash investmentsStart of year $3,485,241$565,660
X-3 Pledges and grants receivableStart of year $1,749,676$696,723
X-10c Land, buildings and equipment, netStart of year $27,903,755$33,025,640
X-11 Publicly traded securitiesStart of year $16,086,180$15,827,472
X-15 Other assetsStart of year $28,626,228$36,297,467
X-16 Total assetsStart of year $78,114,043$86,849,437
X-17 Accounts payable and accrued expensesStart of year $1,265,617$110,268
X-25 Other liabilitiesStart of year $415,978$0
X-26 Total liabilitiesStart of year $1,681,595$110,268
X-27 Net assets without donor restrictionsStart of year $43,768,138$46,970,600
X-28 Net assets with donor restrictionsStart of year $32,664,310$39,768,569
X-32 Total net assets or fund balancesStart of year $76,432,448$86,739,169
X-33 Total liabilities and net assetsStart of year $78,114,043$86,849,437
Part XI · Reconciliation of net assets $86,739,169 net assets at year end
XI-1 Total revenue$8,026,445
XI-2 Total expenses$3,878,433
XI-3 Revenue less expenses$4,148,012
XI-4 Net assets at start of year$76,432,448
XI-5 Net unrealized gains (losses) on investments−$1,490,442
XI-9 Other changes in net assets$7,649,151
XI-10 Net assets at end of year$86,739,169

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

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