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Mary Jacobs Memorial Library Foundation

Tax-deductible

Rocky Hill, NJ501(c)(3)Since 1972EIN 23-7259480Revenue $161K in FY2025

On file with the IRSmaryjacobs.orgPo Box 223, 08553-0223 · Rocky Hill, NJTax-exempt since Feb 1973Publicly supported — 509(a)(2)

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The Mary Jacobs Foundation supports projects that benefit the community, particularly in areas of creativity, education, sustainability, and community engagement, and to carry out its work through the medium of others.

501(c)(3) charity; gifts are tax-deductible.
47¢ of each $1 spent went to programs.
Run by 5 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
0 of 6
filings with a surplus
Average deficit $115K a year · 88% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
47%
of spending
Concern: 47% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$87K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$161K
+24% vs prior year
Spent
$424K
To programs
47%
Net assets
$5.5M
By yearFY2020–FY2025
Revenue
$161K
FY2025▲ +24%
Tap a bar for its year
Revenue by fiscal year
FY2020$139K
FY2021$132K
FY2022$129K
FY2023$94K
FY2024$130K
FY2025$161K
Expenses
$424K
FY2025▲ +29%
Tap a bar for its year
Expenses by fiscal year
FY2020$152K
FY2021$145K
FY2022$149K
FY2023$273K
FY2024$328K
FY2025$424K
Net assets
$5.5M
FY2025+0.09%
Tap a bar for its year
Net assets by fiscal year
FY2020$5.3M
FY2021$5.7M
FY2022$5.2M
FY2023$5.4M
FY2024$5.5M
FY2025$5.5M

From the FY2025 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1973.

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

Where the money goes

47 cents of each dollar spent went to programs.

Program services 47% · $198K Management & general 53% · $226K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation
Cary Dawson
President
$0Pt VII · Sec A
Michelle Jacob
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Crissy Blanos
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
See Mary Jacobs Memorial Library Foundation 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 15aNo

Programs and updates

Supports the Mary Jacobs Memorial Library with resources and services.

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Provided by the organization

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1 program · $198K · in their own filed words · FY2025
01

The Amount Includes Expenses for the Following

(1) Supplies purchased for use by the library, (2) financial assistance provided for community programs offered by the library, (3) operating and maintenance expenses associated with the ownership of the building, (4) planning sessions related to adaptations for the future, and (5) renovations to the interior space of the building.

$198Kprogram 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 · FY2024
Curtis W McGraw FoundationFY2024$5K
Total grants receivedfrom 1 funder$5K

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$161K
Ln 12
Investment incomeLn 3$161K
Money outPt IX
$424K
Ln 25
Programscol B$198K
Managementcol C$226K
Owns and owesPt X
$5.5M
net assets · Ln 32
Cash and savingsLn 1–2$46K
Total assetsLn 16$5.6M
LiabilitiesLn 26$87K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$161K
Gains on assetsLn 7$80K
Total revenueLn 12$161K
Assets in detailPt X, end of year
CashLn 1$46K
Cash and savings togetherLn 1–2$46K
InvestmentsLn 11–13$3.4M
Land, buildings, equipmentLn 10c$2.2M
Total assetsLn 16$5.6M
LiabilitiesLn 26$87K
Net assetsLn 32$5.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderDecember
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 FY25End FY25
Cash and savingsLn 1–2$47K$46K
InvestmentsLn 11–13$3.2M$3.4M
Land, buildings, equipmentLn 10c$2.3M$2.2M
Total assetsLn 16$5.5M$5.6M
LiabilitiesLn 26$48K$87K
Net assetsLn 32$5.5M$5.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$202K$0$202K$0
Accounting feesLn 11c$2K$0$2K$0
Office expensesLn 13$2K$0$2K$0
OccupancyLn 16$92K$92K$0$0
Conferences, conventions and meetingsLn 19$1K$0$1K$0
Depreciation, depletion and amortizationLn 22$104K$104K$0$0
InsuranceLn 23$19K$0$19K$0
Other expenses (24a–d)Ln 24$774$774$0$0
Total functional expensesLn 25$424K$198K$226K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $161K$424K−$263K$5.5M 990 PDF
FY2024 $130K$328K−$198K$5.5M 990 PDF
FY2023 $94K$273K−$179K$5.4M 990 PDF
FY2022 $129K$149K−$20K$5.2M 990 PDF
FY2021 $132K$145K−$13K$5.7M 990 PDF
FY2020 $139K$152K−$13K$5.3M 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 FY2025 990 (6 parts)
Part I · Summary $160,608 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $15,000$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $114,870$160,608
I-11 Other revenue$0
I-12 Total revenuePrior year $129,870$160,608
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $327,559$424,051
I-18 Total expensesPrior year $327,559$424,051
I-19 Revenue less expensesPrior year −$197,689−$263,443
Part VI · Governance 5 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $160,608 across 3 lines filed
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $80,536$80,536
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $80,072$80,072
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $160,608$160,608
Part IX · Statement of functional expenses $424,051 across 8 lines filed
IX-11b Legal feesPrograms $0 · Management $202,026 · Fundraising $0$202,026
IX-11c Accounting feesPrograms $0 · Management $1,648 · Fundraising $0$1,648
IX-13 Office expensesPrograms $0 · Management $2,473 · Fundraising $0$2,473
IX-16 OccupancyPrograms $92,443 · Management $0 · Fundraising $0$92,443
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $1,066 · Fundraising $0$1,066
IX-22 Depreciation, depletion and amortizationPrograms $104,363 · Management $0 · Fundraising $0$104,363
IX-23 InsurancePrograms $0 · Management $19,258 · Fundraising $0$19,258
IX-24 Other expenses (24a–d)Programs $774 · Management $0 · Fundraising $0$774
IX-25 Total functional expensesPrograms $197,580 · Management $226,471 · Fundraising $0$424,051
Part X · Balance sheet $5,582,576 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $47,264$46,167
X-10c Land, buildings and equipment, netStart of year $2,254,378$2,150,016
X-11 Publicly traded securitiesStart of year $3,232,434$3,386,393
X-16 Total assetsStart of year $5,539,076$5,582,576
X-17 Accounts payable and accrued expensesStart of year $48,470$87,061
X-26 Total liabilitiesStart of year $48,470$87,061
X-27 Net assets without donor restrictionsStart of year $1,720,723$1,377,208
X-28 Net assets with donor restrictionsStart of year $3,769,883$4,118,307
X-32 Total net assets or fund balancesStart of year $5,490,606$5,495,515
X-33 Total liabilities and net assetsStart of year $5,539,076$5,582,576
Part XI · Reconciliation of net assets $5,495,515 net assets at year end
XI-1 Total revenue$160,608
XI-2 Total expenses$424,051
XI-3 Revenue less expenses−$263,443
XI-4 Net assets at start of year$5,490,606
XI-5 Net unrealized gains (losses) on investments$268,352
XI-10 Net assets at end of year$5,495,515

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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