Bridgewater Library Association: FY2024 Nonprofit Profile & Form 990 (EIN 06-6044812)

Revenue by fiscal year
FY2020	$228K
FY2021	$484K
FY2022	$186K
FY2023	$251K
FY2024	$335K
FY2025	$396K

Expenses by fiscal year
FY2020	$315K
FY2021	$221K
FY2022	$226K
FY2023	$221K
FY2024	$246K
FY2025	$299K

Net assets by fiscal year
FY2020	$593K
FY2021	$894K
FY2022	$745K
FY2023	$829K
FY2024	$996K
FY2025	$1.2M

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

98 cents of each dollar spent went to programs.

98%

Program services 98% · $241K Management & general 2% · $6K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII

Jane Bernstein

Trustee

$0Pt VII · Sec A

Larina Cipolla

Vice President

$0Pt VII · Sec A

Howard Altschul

Trustee

$0Pt VII · Sec A

Cheryl Johnson

Treasurer

$0Pt VII · Sec A

Russell Marcus

Trustee

$0Pt VII · Sec A

Lisa Lau

Secretary

$0Pt VII · Sec A

Betsy Perlman

President

$0Pt VII · Sec A

Elizabeth Cuming

Trustee

$0Pt VII · Sec A

See Bridgewater Library Association executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

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.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $241K · in their own filed words · FY2023

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.

$241Kprogram 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

Connecticut Community Foundation INCFY2025$25K

Total grants receivedfrom 1 funder$25K

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$335K

Ln 12

Gifts and grantsLn 1h$277K

Investment incomeLn 3$33K

Fees for servicesLn 2g$25K

Money outPt IX

$246K

Ln 25

Programscol B$241K

Managementcol C$6K

Owns and owesPt X

$996K

net assets · Ln 32

Cash and savingsLn 1–2$145K

Total assetsLn 16$1000K

LiabilitiesLn 26$4K

PeoplePt VI, VII

10

listed · VII A

PaidVII A0

Voting boardVI 1a10

IndependentVI 1b10

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$277K

Government grantsLn 1e$165K

Fees for servicesLn 2g$25K

Investment incomeLn 3$33K

Total revenueLn 12$335K

Assets in detailPt X, end of year

CashLn 1−$605

SavingsLn 2$146K

Cash and savings togetherLn 1–2$145K

InvestmentsLn 11–13$843K

Land, buildings, equipmentLn 10c$6K

Total assetsLn 16$1000K

LiabilitiesLn 26$4K

Net assetsLn 32$996K

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

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$173K	$145K
InvestmentsLn 11–13	$639K	$843K
Land, buildings, equipmentLn 10c	$15K	$6K
Total assetsLn 16	$832K	$1000K
LiabilitiesLn 26	$4K	$4K
Net assetsLn 32	$829K	$996K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$132K	$132K
Other employee benefitsLn 9	$8K	$8K
Payroll taxesLn 10	$10K	$10K
Accounting feesLn 11c	$5K		$5K
Investment management feesLn 11f	$528		$528
Other fees for servicesLn 11g	$4K	$4K	$71
Advertising and promotionLn 12	$740	$740
Office expensesLn 13	$6K	$6K
Information technologyLn 14	$9K	$9K
OccupancyLn 16	$15K	$15K
TravelLn 17	$35	$35
Depreciation, depletion and amortizationLn 22	$9K	$9K
InsuranceLn 23	$5K	$5K
Other expenses (24a–d)Ln 24	$37K	$37K
All other expensesLn 24e	$4K	$4K
Total functional expensesLn 25	$246K	$241K	$6K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$396K	$299K	$98K	$1.2M	990 PDF
FY2024 Viewing	$335K	$246K	$89K	$996K	990 PDF
FY2023	$251K	$221K	$31K	$829K	990 PDF
FY2022	$186K	$226K	−$40K	$745K	990 PDF
FY2021	$484K	$221K	$264K	$894K	990 PDF
FY2020	$228K	$315K	−$87K	$593K	990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2024 990 (6 parts)

Part I · Summary $334,940 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $174,300$276,733

I-9 Program service revenuePrior year $55,902$25,328

I-10 Investment incomePrior year $21,280$32,879

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $251,482$334,940

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 $145,681$150,284

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $75,076$96,015

I-18 Total expensesPrior year $220,757$246,299

I-19 Revenue less expensesPrior year $30,725$88,641

Part VI · Governance 10 of 10 board members independent, 2 to look at

VI-1a Voting members of the governing body10

VI-1b Independent voting members10

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 $334,940 across 6 lines filed

Lines not itemized here account for $4,738 of total revenue; see the IRS return.

VIII-1e Government grants$165,180

VIII-1f All other contributions, gifts and grants$111,553

VIII-1h Total contributions, gifts and grants$276,733

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $20,590$20,590

VIII-3 Investment incomeExcluded from tax $32,879$32,879

VIII-12 Total revenueRelated to mission $4,738 · Unrelated business $0 · Excluded from tax $53,469$334,940

Part IX · Statement of functional expenses $246,299 across 15 lines filed

IX-7 Other salaries and wagesPrograms $132,403$132,403

IX-9 Other employee benefitsPrograms $7,752$7,752

IX-10 Payroll taxesPrograms $10,129$10,129

IX-11c Accounting feesManagement $5,122$5,122

IX-11f Investment management feesManagement $528$528

IX-11g Other fees for servicesPrograms $4,410 · Management $71$4,481

IX-12 Advertising and promotionPrograms $740$740

IX-13 Office expensesPrograms $5,927$5,927

IX-14 Information technologyPrograms $8,771$8,771

IX-16 OccupancyPrograms $15,492$15,492

IX-17 TravelPrograms $35$35

IX-22 Depreciation, depletion and amortizationPrograms $9,001$9,001

IX-23 InsurancePrograms $4,926$4,926

IX-24 Other expenses (24a–d)Programs $36,647$36,647

IX-24e All other expensesPrograms $4,345$4,345

IX-25 Total functional expensesPrograms $240,578 · Management $5,721 · Fundraising $0$246,299

Part X · Balance sheet $999,707 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 $1,656−$605

X-2 Savings and temporary cash investmentsStart of year $171,391$145,909

X-9 Prepaid expenses and deferred chargesStart of year $1,575$1,575

X-10c Land, buildings and equipment, netStart of year $15,146$6,145

X-11 Publicly traded securitiesStart of year $639,154$843,415

X-16 Total assetsStart of year $832,190$999,707

X-25 Other liabilitiesStart of year $3,653$3,674

X-26 Total liabilitiesStart of year $3,653$3,674

X-32 Total net assets or fund balancesStart of year $828,537$996,033

X-33 Total liabilities and net assetsStart of year $832,190$999,707

Part XI · Reconciliation of net assets $996,033 net assets at year end

XI-1 Total revenue$334,940

XI-2 Total expenses$246,299

XI-3 Revenue less expenses$88,641

XI-4 Net assets at start of year$828,537

XI-5 Net unrealized gains (losses) on investments$78,855

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$996,033

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Bridgewater Library Association FY2024 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV