Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2026.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
50 cents of each dollar spent went to programs.
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
16 people listed on the 990.
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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 Wellesley Free Library with materials, maintenance, furnishings, and programs.
Questions for Wellesley Free Library Foundation INC
Your first name shows with your question. Wellesley Free Library Foundation INC answers here, for everyone.
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Provides funds which allow the library to experiment and build collections that would otherwise not be possible, purchase exciting new databases, and showcase evolving materials format.
To enrich, not replace, traditional tax-based support for the library through gifts, grants, and bequests from individuals and organizations, while reinforcing the need for continued and increased public support for the library.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $506K | $650K |
| InvestmentsLn 11–13 | $6.5M | $7.0M |
| Total assetsLn 16 | $7.1M | $7.8M |
| LiabilitiesLn 26 | $388K | $310K |
| Net assetsLn 32 | $6.7M | $7.5M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $239K | $239K | ||
| Pay of disqualified personsLn 6 | $16K | $900 | $15K | |
| Payroll taxesLn 10 | $1K | $89 | $1K | |
| Accounting feesLn 11c | $31K | $31K | ||
| Investment management feesLn 11f | $52K | $52K | ||
| Other fees for servicesLn 11g | $108K | $48K | $60K | |
| Office expensesLn 13 | $20K | $20K | ||
| InsuranceLn 23 | $976 | $976 | ||
| Other expenses (24a–d)Ln 24 | $11K | $11K | ||
| Total functional expensesLn 25 | $479K | $239K | $164K | $76K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $1.1M | $479K | $578K | $7.5M | 990 PDF |
| FY2024 | $708K | $674K | $34K | $6.7M | 990 PDF |
| FY2023 | $523K | $519K | $4K | $6.4M | 990 PDF |
| FY2022 | $1.5M | $632K | $835K | $6.3M | 990 PDF |
| FY2021 | $1.2M | $1.1M | $110K | $6.4M | 990 PDF |
| FY2020 | $736K | $449K | $287K | $5.4M | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $1,056,610 revenue, 12 lines filed
Part VI · Governance 14 of 14 board members independent, 1 to look at
Part VIII · Statement of revenue $1,056,610 across 7 lines filed
Part IX · Statement of functional expenses $479,071 across 9 lines filed
Part X · Balance sheet $7,766,428 assets, 13 lines filed
Part XI · Reconciliation of net assets $7,456,045 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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