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Townsend Public Library Endowment INC

Tax-deductible

Townsend, MA501(c)(3)Foundations & GrantmakersEIN 26-3562595Revenue $47K in FY2025

On file with the IRStownsendendowment.org12 Dudley Rd, 01469-1019 · Townsend, MATax-exempt since Jun 2009Publicly supported charity — 170(b)(1)(A)(vi)

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To manage an endowment fund to assist in funding programs and activities to be conducted and/or sponsored by the Townsend Public Library in order to provide the widest possible range of information, educational, and cultural services to the individuals and groups in the Library community and to raise funds for the purpose of purchasing and donating to the Townsend Public Library deemed desirable for the furtherance of the Library's activities.

501(c)(3) charity; gifts are tax-deductible.
56¢ of each $1 spent went to programs.
Run by 31 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
2 of 6
filings with a surplus
Average deficit $5K a year · 10% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
56%
of spending
Worth a look: 56% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $57K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 7 voting members
Concern: none of 7 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$47K
-3% vs prior year
Spent
$63K
To programs
56%
Net assets
$1.4M
By yearFY2020–FY2025
Revenue
$47K
FY2025▼ -3%
Tap a bar for its year
Revenue by fiscal year
FY2020$35K
FY2021$58K
FY2022$50K
FY2023$55K
FY2024$49K
FY2025$47K
Expenses
$63K
FY2025▲ +15%
Tap a bar for its year
Expenses by fiscal year
FY2020$41K
FY2021$55K
FY2022$47K
FY2023$62K
FY2024$55K
FY2025$63K
Net assets
$1.4M
FY2025▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.1M
FY2021$1.3M
FY2022$1.1M
FY2023$1.2M
FY2024$1.3M
FY2025$1.4M

From the FY2025 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2009.

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

Where the money goes

56 cents of each dollar spent went to programs.

Program services 56% · $36K Management & general 44% · $28K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Theresa Walsh
Treasurer
$0Pt VII · Sec A
Karen Rapoza
Secretary
$0Pt VII · Sec A
Valerie Goodrich
Vice President
$0Pt VII · Sec A
See Townsend Public Library Endowment INC 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

Manages endowment funds to support library programs, services, and acquisitions.

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Provided by the organization

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1 program · $36K · in their own filed words · FY2025
01

The Endowment Fund funds many programs and activities throughout the year ranging from Indoor Mini-golf Childrens Puppet Theater trips to Butterfly Farm Tea Parties Art Classes Music Performances Puppet Theater Performances Festival of Lights Summer Reading Programs Aerialists shows as well as sponsorships to many museums.

$36Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Community Foundation of North Central Massachusetts INCFY2024$57K
Total grants receivedfrom 1 funder$57K
Grants paid · 1 grant · $40K · 2024–2024
Townsend Public LibraryFY2024$40,350

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$47K
Ln 12
Investment incomeLn 3$36K
Gifts and grantsLn 1h$12K
Money outPt IX
$63K
Ln 25
Programscol B$36K
Managementcol C$28K
Owns and owesPt X
$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$17K
Total assetsLn 16$1.4M
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$12K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Investment incomeLn 3$36K
Total revenueLn 12$47K
Assets in detailPt X, end of year
CashLn 1$10K
SavingsLn 2$7K
Cash and savings togetherLn 1–2$17K
InvestmentsLn 11–13$1.4M
Total assetsLn 16$1.4M
LiabilitiesLn 26$0
Net assetsLn 32$1.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 631
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$16K$17K
InvestmentsLn 11–13$1.2M$1.4M
Total assetsLn 16$1.3M$1.4M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.3M$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$36K$36K
Investment management feesLn 11f$13K$13K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$309$309
Information technologyLn 14$10K$10K
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$1K$1K
Total functional expensesLn 25$63K$36K$28K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $47K$63K−$16K$1.4M 990 PDF
FY2024 $49K$55K−$6K$1.3M 990 PDF
FY2023 $55K$62K−$7K$1.2M 990 PDF
FY2022 $50K$47K$3K$1.1M 990 PDF
FY2021 $58K$55K$4K$1.3M 990 PDF
FY2020 $35K$41K−$6K$1.1M 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 $47,460 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $14,003$11,693
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $34,706$35,767
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $48,709$47,460
I-13 Grants and similar amounts paidPrior year $40,350$35,719
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $14,795$27,719
I-18 Total expensesPrior year $55,145$63,438
I-19 Revenue less expensesPrior year −$6,436−$15,978
Part VI · Governance 0 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members0
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 $47,460 across 11 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$11,693
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$11,693
VIII-3 Investment incomeRelated to mission $35,767 · Unrelated business $0 · Excluded from tax $0$35,767
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $35,767 · Unrelated business $0 · Excluded from tax $0$47,460
Part IX · Statement of functional expenses $63,438 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $35,719$35,719
IX-11f Investment management feesManagement $13,220$13,220
IX-12 Advertising and promotionManagement $3,141$3,141
IX-13 Office expensesManagement $309$309
IX-14 Information technologyManagement $9,660$9,660
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $1,389$1,389
IX-25 Total functional expensesPrograms $35,719 · Management $27,719 · Fundraising $0$63,438
Part X · Balance sheet $1,391,922 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $16,044$9,791
X-2 Savings and temporary cash investmentsStart of year $61$7,090
X-11 Publicly traded securitiesStart of year $1,244,358$1,375,041
X-16 Total assetsStart of year $1,260,463$1,391,922
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $1,260,463$1,391,922
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $1,260,463$1,391,922
X-33 Total liabilities and net assetsStart of year $1,260,463$1,391,922
Part XI · Reconciliation of net assets $1,391,922 net assets at year end
XI-1 Total revenue$47,460
XI-2 Total expenses$63,438
XI-3 Revenue less expenses−$15,978
XI-4 Net assets at start of year$1,260,463
XI-5 Net unrealized gains (losses) on investments$160,657
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses−$13,220
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,391,922

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

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