Bridgewater Library Association FY2022 filing

Tax-deductible

Bridgewater, CT501(c)(3)EIN 06-6044812Revenue $186K in FY2022

On file with the IRSburnhamlibrary.comPo Box 430, 06752-0430 · Bridgewater, CTTax-exempt since Jul 1965Publicly supported charity — 170(b)(1)(A)(vi)

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To provide Library services to the local community

501(c)(3) charity; gifts are tax-deductible.
97¢ 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
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
4 of 6
filings with a surplus
Average surplus $59K a year · 19% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 7.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$110
0.01% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$186K
-62% vs prior year
Spent
$226K
To programs
97%
Net assets
$745K
By yearFY2020–FY2025
Revenue
$186K
FY2022▼ -62%
Tap a bar for its year
Revenue by fiscal year
FY2020$228K
FY2021$484K
FY2022$186K
FY2023$251K
FY2024$335K
FY2025$396K
Expenses
$226K
FY2022▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$315K
FY2021$221K
FY2022$226K
FY2023$221K
FY2024$246K
FY2025$299K
Net assets
$745K
FY2022▼ -17%
Tap a bar for its year
Net assets by fiscal year
FY2020$593K
FY2021$894K
FY2022$745K
FY2023$829K
FY2024$996K
FY2025$1.2M

From the FY2022 Form 990 (year ending June 2022) · see the original

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You’re viewing the FY2022 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 1965.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $220K Management & general 3% · $6K

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

12 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
See Bridgewater Library Association 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 15aYes

Programs and updates

Offers library services to the local community.

Questions for Bridgewater Library Association

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Provided by the organization

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1 program · $220K · in their own filed words · FY2021
01

To provide library services to the local COMMUNITY.THE burnham library is a valued regional resource for bridgewater and surrounding towns, providing a warm friendly environment for lifelong learning, cultural events and community activities. It is responsive to stakeholders needs and uses acknowledged best practices.

$220Kprogram 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 1 funder$25K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$186K
Ln 12
Gifts and grantsLn 1h$139K
Fees for servicesLn 2g$24K
Investment incomeLn 3$23K
Money outPt IX
$226K
Ln 25
Programscol B$220K
Managementcol C$6K
Owns and owesPt X
$745K
net assets · Ln 32
Cash and savingsLn 1–2$144K
Total assetsLn 16$745K
LiabilitiesLn 26$110
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$139K
Government grantsLn 1e$126K
Fees for servicesLn 2g$24K
Investment incomeLn 3$23K
Total revenueLn 12$186K
Assets in detailPt X, end of year
CashLn 1$4K
SavingsLn 2$140K
Cash and savings togetherLn 1–2$144K
InvestmentsLn 11–13$572K
Land, buildings, equipmentLn 10c$24K
Total assetsLn 16$745K
LiabilitiesLn 26$110
Net assetsLn 32$745K
OperationsPt I, VI
EmployeesI 56
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
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$189K$144K
InvestmentsLn 11–13$669K$572K
Land, buildings, equipmentLn 10c$33K$24K
Total assetsLn 16$896K$745K
LiabilitiesLn 26$3K$110
Net assetsLn 32$894K$745K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$118K$118K
Other employee benefitsLn 9$5K$5K
Payroll taxesLn 10$9K$9K
Accounting feesLn 11c$6K$6K
Investment management feesLn 11f$500$500
Other fees for servicesLn 11g$4K$4K$152
Advertising and promotionLn 12$238$238
Office expensesLn 13$14K$14K
Information technologyLn 14$7K$7K
OccupancyLn 16$24K$24K
Depreciation, depletion and amortizationLn 22$20K$20K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$13K$13K
All other expensesLn 24e$122$122
Total functional expensesLn 25$226K$220K$6K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $396K$299K$98K$1.2M 990 PDF
FY2024 $335K$246K$89K$996K 990 PDF
FY2023 $251K$221K$31K$829K 990 PDF
FY2022 Viewing $186K$226K−$40K$745K 990 PDF
FY2021 $484K$221K$264K$894K 990 PDF
FY2020 $228K$315K−$87K$593K 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 (6 parts)
Part I · Summary $185,981 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $365,534$139,052
I-9 Program service revenuePrior year $61,466$23,781
I-10 Investment incomePrior year $57,382$23,148
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $484,382$185,981
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 $110,178$132,656
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $110,397$93,603
I-18 Total expensesPrior year $220,575$226,259
I-19 Revenue less expensesPrior year $263,807−$40,278
Part VI · Governance 12 of 12 board members independent, 2 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $185,981 across 6 lines filed
Lines not itemized here account for $5,688 of total revenue; see the IRS return.
VIII-1e Government grants$126,287
VIII-1f All other contributions, gifts and grants$12,765
VIII-1h Total contributions, gifts and grants$139,052
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $18,093$18,093
VIII-3 Investment incomeExcluded from tax $23,148$23,148
VIII-12 Total revenueRelated to mission $5,688 · Unrelated business $0 · Excluded from tax $41,241$185,981
Part IX · Statement of functional expenses $226,259 across 14 lines filed
IX-7 Other salaries and wagesPrograms $118,318$118,318
IX-9 Other employee benefitsPrograms $5,286$5,286
IX-10 Payroll taxesPrograms $9,052$9,052
IX-11c Accounting feesManagement $5,735$5,735
IX-11f Investment management feesManagement $500$500
IX-11g Other fees for servicesPrograms $4,238 · Management $152$4,390
IX-12 Advertising and promotionPrograms $238$238
IX-13 Office expensesPrograms $14,033$14,033
IX-14 Information technologyPrograms $7,042$7,042
IX-16 OccupancyPrograms $24,030$24,030
IX-22 Depreciation, depletion and amortizationPrograms $20,375$20,375
IX-23 InsurancePrograms $4,599$4,599
IX-24 Other expenses (24a–d)Programs $12,539$12,539
IX-24e All other expensesPrograms $122$122
IX-25 Total functional expensesPrograms $219,872 · Management $6,387 · Fundraising $0$226,259
Part X · Balance sheet $744,692 assets, 10 lines filed
Asset lines not itemized here account for $3,268; see the IRS return.
X-1 Cash, non-interest-bearingStart of year −$7,388$3,597
X-2 Savings and temporary cash investmentsStart of year $196,495$140,067
X-9 Prepaid expenses and deferred chargesStart of year $1,575$1,575
X-10c Land, buildings and equipment, netStart of year $33,303$24,153
X-11 Publicly traded securitiesStart of year $669,110$572,032
X-16 Total assetsStart of year $896,363$744,692
X-25 Other liabilitiesStart of year $2,520$110
X-26 Total liabilitiesStart of year $2,520$110
X-32 Total net assets or fund balancesStart of year $893,843$744,582
X-33 Total liabilities and net assetsStart of year $896,363$744,692
Part XI · Reconciliation of net assets $744,582 net assets at year end
XI-1 Total revenue$185,981
XI-2 Total expenses$226,259
XI-3 Revenue less expenses−$40,278
XI-4 Net assets at start of year$893,843
XI-5 Net unrealized gains (losses) on investments−$109,983
XI-9 Other changes in net assets$1,000
XI-10 Net assets at end of year$744,582

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

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