Hanson Public Library Foundationinc FY2021 filing

Tax-deductible

Hanson, MA501(c)(3)EducationEIN 20-4643321

To help the hanson public library reach a higher standard of excellence by enhancing library services and supplementing funds received from public sources wtih private financial support.

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $24K a year · 61% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
46 mo
of spending, in cash
Looks good: 46.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 12 voting members
Looks good: 10 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
$30K
+28% vs prior year
Spent
$5K
To programs
74%
Net assets
$557K
By yearFY2020–FY2024
Revenue
$30K
FY2021▲ +28%
Revenue by fiscal year
FY2020$24K
FY2021$30K
FY2022$21K
FY2023$50K
FY2024$74K
Expenses
$5K
FY2021▲ +22%
Expenses by fiscal year
FY2020$4K
FY2021$5K
FY2022$10K
FY2023$26K
FY2024$32K
Net assets
$557K
FY2021▲ +6%
Net assets by fiscal year
FY2020$523K
FY2021$557K
FY2022$511K
FY2023$575K
FY2024$654K

From the FY2021 Form 990 · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2006.

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

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $4K Management & general 26% · $1K

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

Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Recording Secretary
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Hanson Public Library Foundationinc 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports the public library with private funds to improve services and achieve excellence.

Provided by the organization

This section is blank until Hanson Public Library Foundationinc claims this page.

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3 program services account for $4K of program spending, described in the organization's own filed words · FY2021.
01

Sponsored programs, activities and purchases to enrich the library: three online cooking classes with chef rob scott (65 participants); martha hall kelly author talk (68 participants); purchased library books for middle school students; in the middle book club activities (24 participants; 4 beginner chess classes (148 participants), 1000…

$3Kprogram expense
02

Sponsored the 16TH annual open house, featuring take and make crafts, grab and go snacks, 1000 books before kindergarten, the 6TH annual art show and a holiday basket sale.

$594program expense
03

Sponsored music at kiwaanee in august, featuring live music by acoustic guitar duo at camp kiwanne for the library community.

$326program expense

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By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$30K
Ln 12
Investment incomeLn 3$20K
Gifts and grantsLn 1h$10K
Other incomeLn 4–11$381
Money outPt IX
$5K
Ln 25
Programscol B$4K
Managementcol C$1K
Owns and owesPt X
$557K
net assets · Ln 32
Cash and savingsLn 1–2$18K
Total assetsLn 16$557K
LiabilitiesLn 26$0
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$10K
Investment incomeLn 3$20K
Other incomeLn 4–11$381
Gains on assetsLn 7$11K
Total revenueLn 12$30K
Assets in detailPt X, end of year
CashLn 1$11K
SavingsLn 2$7K
Cash and savings togetherLn 1–2$18K
InvestmentsLn 11–13$539K
Total assetsLn 16$557K
LiabilitiesLn 26$0
Net assetsLn 32$557K
OperationsPt I, VI
EmployeesI 50
VolunteersI 618
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$17K$18K
InvestmentsLn 11–13$507K$539K
Total assetsLn 16$523K$557K
LiabilitiesLn 26$0$0
Net assetsLn 32$523K$557K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$960$960
Other fees for servicesLn 11g$54$54
Information technologyLn 14$143$143
Other expenses (24a–d)Ln 24$4K$4K$55
Total functional expensesLn 25$5K$4K$1K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $74K$32K$42K$654K 990 PDF
FY2023 $50K$26K$24K$575K 990 PDF
FY2022 $21K$10K$11K$511K 990 PDF
FY2021 Viewing $30K$5K$25K$557K 990 PDF
FY2020 $24K$4K$20K$523K 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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $30,172 across 6 lines filed
VIII-1f All other contributions, gifts and grants$9,828
VIII-1h Total contributions, gifts and grants$9,828
VIII-3 Investment incomeExcluded from tax $8,678$8,678
VIII-7 Net gain or loss on sales of assetsExcluded from tax $11,285$11,285
VIII-8 Net income from fundraising eventsExcluded from tax $381$381
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $20,344$30,172
Part IX · Statement of functional expenses $4,723 across 4 lines filed
IX-11c Accounting feesManagement $960$960
IX-11g Other fees for servicesManagement $54$54
IX-14 Information technologyManagement $143$143
IX-24 Other expenses (24a–d)Programs $3,511 · Management $55$3,566
IX-25 Total functional expensesPrograms $3,511 · Management $1,212 · Fundraising $0$4,723
Part X · Balance sheet $556,816 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $9,716$11,103
X-2 Savings and temporary cash investmentsStart of year $7,052$7,069
X-11 Publicly traded securitiesStart of year $506,616$538,644
X-16 Total assetsStart of year $523,384$556,816
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $523,384$556,816
X-33 Total liabilities and net assetsStart of year $523,384$556,816
Part XI · Reconciliation of net assets $556,816 net assets at year end
XI-1 Total revenue$30,172
XI-2 Total expenses$4,723
XI-3 Revenue less expenses$25,449
XI-4 Net assets at start of year$523,384
XI-5 Net unrealized gains (losses) on investments$7,983
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$556,816

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

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