Abbot Public Library Foundation INC: Nonprofit Profile, Financials & Form 990 (EIN 30-0856701)

Revenue by fiscal year
FY2020	$142K
FY2021	$150K
FY2023	$323K
FY2024	$423K
FY2025	$363K

Expenses by fiscal year
FY2020	$29K
FY2021	$6K
FY2023	$32K
FY2024	$1.4M
FY2025	$449K

Net assets by fiscal year
FY2020	$1.1M
FY2021	$1.2M
FY2023	$2.1M
FY2024	$1.2M
FY2025	$1.1M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2015.

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

Where the money goes

91 cents of each dollar spent went to programs.

91%

Program services 91% · $406K Management & general 9% · $42K

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

11 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Ted Grant

President

$0Pt VII · Sec A

Maeve Rice

Vice-President

$0Pt VII · Sec A

Tonya Walker

Secretary

$0Pt VII · Sec A

Molly Bushman

Treasurer

$0Pt VII · Sec A

Martha Silva

Assistant Secretary

$0Pt VII · Sec A

Annie Ritter

Assistant Treasurer

$0Pt VII · Sec A

Sheridan Ogden

Director

$0Pt VII · Sec A

John Donovan

Director

$0Pt VII · Sec A

See Abbot Public Library Foundation 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

Offers financial aid to the Abbot Public Library.

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Provided by the organization

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1 program · $406K · in their own filed words · FY2024

01

Provide financial assistance to the abbot public library

$406Kprogram 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

The Scully Family Foundation INCFY2024$100K

Fidelity Investments Charitable Gift FundFY2024$7K

Total grants receivedfrom 2 funders$107K

Grants paid · 2 grants · $41K · 2021–2024

Abbot Public LibraryFY2024$31,600

Abbot Public LibraryFY2021$9,250

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$363K

Ln 12

Gifts and grantsLn 1h$326K

Investment incomeLn 3$32K

Other incomeLn 4–11$4K

Money outPt IX

$449K

Ln 25

Programscol B$406K

Managementcol C$42K

Owns and owesPt X

$1.1M

net assets · Ln 32

Cash and savingsLn 1–2$79K

Total assetsLn 16$1.1M

LiabilitiesLn 26$0

PeoplePt VI, VII

11

listed · VII A

PaidVII A0

Voting boardVI 1a10

IndependentVI 1b10

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$326K

Fundraising eventsLn 1c$76K

Investment incomeLn 3$32K

Other incomeLn 4–11$4K

Gains on assetsLn 7$2K

Total revenueLn 12$363K

Assets in detailPt X, end of year

CashLn 1$11K

SavingsLn 2$68K

Cash and savings togetherLn 1–2$79K

InvestmentsLn 11–13$1.0M

Total assetsLn 16$1.1M

LiabilitiesLn 26$0

Net assetsLn 32$1.1M

OperationsPt I, VI

EmployeesI 50

VolunteersI 620

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$203K	$79K
InvestmentsLn 11–13	$996K	$1.0M
Total assetsLn 16	$1.2M	$1.1M
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$1.2M	$1.1M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$32K	$32K
Accounting feesLn 11c	$26K		$26K
Investment management feesLn 11f	$9K		$9K
Other fees for servicesLn 11g	$6K		$6K
Advertising and promotionLn 12	$4K	$4K
Office expensesLn 13	$378		$378
InsuranceLn 23	$2K		$2K
Other expenses (24a–d)Ln 24	$371K	$371K	$19
Total functional expensesLn 25	$449K	$406K	$42K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$363K	$449K	−$86K	$1.1M	990 PDF
FY2024	$423K	$1.4M	−$928K	$1.2M	990 PDF
FY2023	$323K	$32K	$291K	$2.1M	990 PDF
FY2022	Not on file
FY2021	$150K	$6K	$144K	$1.2M	990 PDF
FY2020	$142K	$29K	$113K	$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 $362,953 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $261,931$326,473

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $47,839$32,323

I-11 Other revenuePrior year $113,137$4,157

I-12 Total revenuePrior year $422,907$362,953

I-13 Grants and similar amounts paidPrior year $0$31,600

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 $1,351,365$416,901

I-18 Total expensesPrior year $1,351,365$448,501

I-19 Revenue less expensesPrior year −$928,458−$85,548

Part VI · Governance 10 of 10 board members independent, 4 to look at

VI-1a Voting members of the governing body10

VI-1b Independent voting members10

VI-12a Written conflict of interest policyNo

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

Part VIII · Statement of revenue $362,953 across 7 lines filed

VIII-1c Fundraising events$75,685

VIII-1f All other contributions, gifts and grants$250,788

VIII-1h Total contributions, gifts and grants$326,473

VIII-3 Investment incomeExcluded from tax $30,605$30,605

VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,718$1,718

VIII-8 Net income from fundraising eventsExcluded from tax $4,157$4,157

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $36,480$362,953

Part IX · Statement of functional expenses $448,501 across 8 lines filed

IX-1 Grants to domestic organizationsPrograms $31,600$31,600

IX-11c Accounting feesManagement $25,590$25,590

IX-11f Investment management feesManagement $8,670$8,670

IX-11g Other fees for servicesManagement $6,028$6,028

IX-12 Advertising and promotionPrograms $3,827$3,827

IX-13 Office expensesManagement $378$378

IX-23 InsuranceManagement $1,731$1,731

IX-24 Other expenses (24a–d)Programs $370,658 · Management $19$370,677

IX-25 Total functional expensesPrograms $406,085 · Management $42,416 · Fundraising $0$448,501

Part X · Balance sheet $1,113,485 assets, 9 lines filed

X-1 Cash, non-interest-bearingStart of year $69,087$11,103

X-2 Savings and temporary cash investmentsStart of year $133,812$67,784

X-11 Publicly traded securitiesStart of year $996,134$1,034,598

X-16 Total assetsStart of year $1,199,033$1,113,485

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $1,150,750$983,143

X-28 Net assets with donor restrictionsStart of year $48,283$130,342

X-32 Total net assets or fund balancesStart of year $1,199,033$1,113,485

X-33 Total liabilities and net assetsStart of year $1,199,033$1,113,485

Part XI · Reconciliation of net assets $1,113,485 net assets at year end

XI-1 Total revenue$362,953

XI-2 Total expenses$448,501

XI-3 Revenue less expenses−$85,548

XI-4 Net assets at start of year$1,199,033

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$1,113,485

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

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Abbot Public Library Foundation INC

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

Questions for Abbot Public Library Foundation INC

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV