Mont Vernon Library Charitable Foundation

Tax-deductible

Mont Vernon, NH501(c)(3)Since 2015EducationEIN 47-2293263Revenue $934K in FY2025

On file with the IRSmvlcf.orgPo Box 25, 03057-0025 · Mont Vernon, NHTax-exempt since Jul 2015Publicly supported charity — 170(b)(1)(A)(vi)

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The MVLCF is a nonprofit, volunteer organization dedicated to raising and managing funds for the enhancement and capital improvement of the public library of Mont Vernon, New Hampshire.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 8 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
4 of 5
filings with a surplus
Average surplus $211K a year · 32% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 7.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $23K
Looks good: 3 funders name it on their filings; 3 or more.
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
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$934K
+62% vs prior year
Spent
$2.0M
To programs
100%
Net assets
$1.2M
By yearFY2021–FY2025
Revenue
$934K
FY2025▲ +62%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.1M
FY2022$204K
FY2023$476K
FY2024$577K
FY2025$934K
Expenses
$2.0M
FY2025▲ ×102
Tap a bar for its year
Expenses by fiscal year
FY2021$20K
FY2022$164K
FY2023$29K
FY2024$19K
FY2025$2.0M
Net assets
$1.2M
FY2025▼ -47%
Tap a bar for its year
Net assets by fiscal year
FY2021$1.1M
FY2022$1.2M
FY2023$1.6M
FY2024$2.2M
FY2025$1.2M

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 Jul 2015.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $2.0M Management & general 0% · $3K Fundraising 0% · $1K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Mont Vernon Library Charitable 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

Raises and manages funds to improve Mont Vernon's public library.

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Provided by the organization

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1 program · $2.0M · in their own filed words · FY2025
01

The primary mission of the foundation is the design and construction of a new library. Most of the constructions was completed in 2025. MVLCF funded a substantial portion of this effort.

$2.0Mprogram 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
Total grants receivedfrom 3 funders$23K
See all 3 funders →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$934K
Ln 12
Gifts and grantsLn 1h$860K
Investment incomeLn 3$74K
Other incomeLn 4–11$13
Money outPt IX
$2.0M
Ln 25
Programscol B$2.0M
Managementcol C$3K
Fundraisingcol D$1K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$1.2M
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$860K
Government grantsLn 1e$655K
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Investment incomeLn 3$74K
Other incomeLn 4–11$13
Gains on assetsLn 7$0
Total revenueLn 12$934K
Assets in detailPt X, end of year
CashLn 1$52K
SavingsLn 2$1.1M
Cash and savings togetherLn 1–2$1.2M
InvestmentsLn 11–13$0
Total assetsLn 16$1.2M
LiabilitiesLn 26$0
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 68
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$190K$1.2M
InvestmentsLn 11–13$2.0M$0
Total assetsLn 16$2.2M$1.2M
LiabilitiesLn 26$0$0
Net assetsLn 32$2.2M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$0$0$0$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$0$0$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$0$0$0$0
Legal feesLn 11b$255$0$255
Accounting feesLn 11c$847$0$847
Office expensesLn 13$651$571$80
Information technologyLn 14$762$762
Other expenses (24a–d)Ln 24$2.0M$2.0M$282$1K
Total functional expensesLn 25$2.0M$2.0M$3K$1K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $934K$2.0M−$1.0M$1.2M 990 PDF
FY2024 $577K$19K$558K$2.2M 990 PDF
FY2023 $476K$29K$446K$1.6M 990 PDF
FY2022 $204K$164K$39K$1.2M 990 PDF
FY2021 $1.1M$20K$1.1M$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 $933,727 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $485,727$860,188
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $91,347$73,526
I-11 Other revenuePrior year $0$13
I-12 Total revenuePrior year $577,074$933,727
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $10,353$0
I-17 Other expensesPrior year $8,999$1,980,643
I-18 Total expensesPrior year $19,352$1,980,643
I-19 Revenue less expensesPrior year $557,722−$1,046,916
Part VI · Governance 8 of 8 board members independent, 3 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $933,727 across 14 lines filed
Lines not itemized here account for $13 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$655,000
VIII-1f All other contributions, gifts and grants$205,188
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$860,188
VIII-3 Investment incomeRelated to mission $73,526 · Unrelated business $0 · Excluded from tax $0$73,526
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $73,539 · Unrelated business $0 · Excluded from tax $0$933,727
Part IX · Statement of functional expenses $1,980,643 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$0
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$0
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $255$255
IX-11c Accounting feesPrograms $0 · Management $847$847
IX-13 Office expensesManagement $571 · Fundraising $80$651
IX-14 Information technologyManagement $762$762
IX-24 Other expenses (24a–d)Programs $1,976,717 · Management $282 · Fundraising $1,129$1,978,128
IX-25 Total functional expensesPrograms $1,976,717 · Management $2,717 · Fundraising $1,209$1,980,643
Part X · Balance sheet $1,169,845 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $48,155$51,584
X-2 Savings and temporary cash investmentsStart of year $142,036$1,118,261
X-11 Publicly traded securitiesStart of year $2,026,570$0
X-16 Total assetsStart of year $2,216,761$1,169,845
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $2,204,261$1,157,345
X-28 Net assets with donor restrictionsStart of year $12,500$12,500
X-32 Total net assets or fund balancesStart of year $2,216,761$1,169,845
X-33 Total liabilities and net assetsStart of year $2,216,761$1,169,845
Part XI · Reconciliation of net assets $1,169,845 net assets at year end
XI-1 Total revenue$933,727
XI-2 Total expenses$1,980,643
XI-3 Revenue less expenses−$1,046,916
XI-4 Net assets at start of year$2,216,761
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,169,845

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

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