Adams Public Library EIN 45-4182305

Adams Public Library

EIN  45-4182305 Public charity (501(c)(3)) Central Falls, RI
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Provides Central Falls residents with resources for learning, information, and fun.
Leadership
Diana Carvalho · Treasurer · $32K
Money in and out
$203K revenue, $260K expenses
Bottom line
82% program efficiency

Provides Central Falls residents with resources for learning, information, and fun. For fiscal year 2024 it reported $203K in revenue, $260K in expenses, and $1.1M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$203K
Pt VIII · Ln 12
Total expenses
$260K
Pt IX · Ln 25
Net assets
$1.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$57K
Where spending went · Part IX cols B–D
Program services $0.82 Management & general $0.18
Program efficiency
82%
of spending reaches programs▲ +13% vs prior filing year
Operating runway
39.3mo
months of highly liquid reserves at operating expense rate▼ -6% vs prior filing year
Surplus margin
-28%
revenue over expenses, this year▼ -218% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$203K
FY2024▼ -13%
Expenses
$260K
FY2024▲ +2%
Total assets
$1.1M
FY20240%
Total liabilities
$6K
FY2024▲ +47%
Total revenue
$203K
Pt VIII · Ln 12
Total expenses
$260K
Pt IX · Ln 25
Net assets
$1.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$57K
Total assetsPt X · Ln 16$1.1M
Program-expense ratioPt IX · col B82%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

1 program service account for $212K of program spending, described in the organization's own filed words · FY2023.
01

Providing access to materials and services which meet informational, educational, and recreational needs and interests.

$212Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAdams Public Library
EINHdr · item D45-4182305
Principal addressHdr · item CCentral Falls, RI
WebsiteHdr · item Jadamspubliclibrary.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MRI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B70)
Ruling yearIRS BMFAug 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$32,141Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Diana Carvalho’s $32K as Treasurer is at the 25th percentile of top reported officer pay among 1616 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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Statement of Revenue

Part VIII
Contributions & grants$168K · 82%
Investment income$29K · 14%
Other revenue$6K · 3%
Contributions & grants82%$168K
Investment income14%$29K
Other revenue3%$6K
Program service revenue$761
— government grantsLn 1e$156K
Total revenueLn 12$203K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.82 Management & general $0.18
Program services82%$212K
Management & general18%$47K
Total functional expensesLn 25$260K

Balance Sheet

Part X · end of year
CashLn 1$66K
Total assetsLn 16$1.1M
Total liabilitiesLn 26$6K
Total net assetsLn 32$1.1M
Months of cash on handcomputed3.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $851K · Operating expenses/yr $260K
39.3 months
Where the money goes
Program services
Program services $212K · Total expenses $260K
82%
Management & General
Management & general $47K · Total expenses $260K
18%
Fundraising
Fundraising $0 · Total expenses $260K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $23K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $168K · Total revenue $203K
82%
Government reliance
Government grants $156K · Total revenue $203K
77%
Earned-income share
Program service revenue $761 · Total revenue $203K
0%
Investment reliance
Investment income $29K · Total revenue $203K
+14%
Program self-sufficiency
Program service revenue $761 · Total expenses $260K
0%
Growth & trend
Revenue growth (YoY)
This year $203K · Prior year $233K
-13%
Revenue CAGR
FY2018 $311K · FY2023 $203K
-8%
Net-asset trend (YoY)
End of year $1.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $203K · Expenses $260K
-28%
Liabilities-to-Assets
Total liabilities — · Total assets $1.1M
Net-asset ratio
Net assets $1.1M · Total assets $1.1M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $785K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.1M
72%
People & payroll
Highest Reported Total Compensation
Individual Diana Carvalho · Reported title TREASURER · Highest reported compensation $32K · Total expenses $260K
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $153K · Total expenses $260K
59%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 82%
Overhead ratio 18%
Fundraising cost ratio 0%
Revenue growth -13%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$32K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$203K revenue · viewing · ⤓ 990 PDF
FY2023$233K revenue · ⤓ 990 PDF
FY2022$239K revenue · ⤓ 990 PDF
FY2021$224K revenue · ⤓ 990 PDF
FY2020$199K revenue · ⤓ 990 PDF
FY2019$311K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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