LIBRARY FOUNDATION OF NEEDHAM INC: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
LIBRARY FOUNDATION OF NEEDHAM INC (EIN 04-3783995)
Tax period
2015-07-01 to 2016-06-30
Filed
2017-02-14
IRS object ID
201710459349302651
Schema version
2015v3.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2017-02-14T13:53:58-06:00ReturnTs
Tax Period End2016-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN471096596PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1RAFFOL AND COMPANY INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1105 CHESTNUT ST SUITE 11AddressLine1Txt
CityNEEDHAMCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02492ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2015-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN043783995EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE LIBRARY FOUNDATION OF NEEDHAM INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLIBRBusinessNameControlTxt
Phone7814557559PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11139 HIGHLAND AVEAddressLine1Txt
CityNEEDHAMCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02494ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJANET DRAKEPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone7814557559PhoneNum
Signature2017-02-10SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKENNETH J RAFFOLPreparerPersonNm
PTINP00045686PTIN
Phone7814444926PhoneNum
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerJANET DRAKEPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11139 HIGHLAND AVEAddressLine1Txt
CityNEEDHAMCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02494ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$65,775GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.LFNONLINE.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2004FormationYr
Legal Domicile StateMALegalDomicileStateCd
Activity Or MissionTO MAKE RESOURCES AVAILABLE TO THE PUBLIC LIBRARY BEYOND THE TOWN-FUNDED BUDGET FOR TECHNOLOGY, EQUIPMENT, LIBRARY MATERIALS, AND SERVICES.ActivityOrMissionDesc
Voting Members Governing Body12VotingMembersGoverningBodyCnt
Voting Members Independent12VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$19,143PYContributionsGrantsAmt
CY Contributions Grants$20,850CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$245,179PYInvestmentIncomeAmt
CY Investment Income$44,925CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$264,322PYTotalRevenueAmt
CY Total Revenue$65,775CYTotalRevenueAmt
PY Grants And Similar Paid$79,535PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$17,609CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$1,118CYTotalFundraisingExpenseAmt
PY Other Expenses$19,731PYOtherExpensesAmt
CY Other Expenses$18,155CYOtherExpensesAmt
PY Total Expenses$99,266PYTotalExpensesAmt
CY Total Expenses$35,764CYTotalExpensesAmt
PY Revenues Less Expenses$165,056PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$30,011CYRevenuesLessExpensesAmt
Total Assets BOY$1,236,855TotalAssetsBOYAmt
Total Assets EOY$1,257,127TotalAssetsEOYAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,236,855NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,257,127NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE LIBRARY FOUNDATION OF NEEDHAM ENCOURAGES COMMUNITY INVESTMENT THROUGH INDIVIDUAL AND CORPORATE GIVING FOR LIBRARY PROGRAMS AND SERVICES NOT PROVIDED FOR IN THE TOWN-FUNDED BUDGET AND COORDINATES FUNDRAISING AND PROMOTIONAL ACTIVITIES TO INCREASE THE ENDOWMENT AND RESPONSIBLY MANAGE AND GROW THE FUNDS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$17,779ExpenseAmt
Grant$17,609GrantAmt
DescTHE LIBRARY FOUNDATION OF NEEDHAM PROVIDES ADDITIONAL FUNDING BEYOND THE TOWN BUDGET WHICH ALLOWS FOR INCREASED PROGRAM OFFERINGS, EXPANSION OF THE COLLECTION AND PURCHASE OF SPECIAL EQUIPMENT AND SERVICES.Desc
Total Program Service Expenses$17,779TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer EntYes (1)BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document1IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members12GoverningBodyVotingMembersCnt
Independent Voting Member12IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JANET DRAKEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7814557559PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11139 HIGHLAND AVENUEAddressLine1Txt
CityNEEDHAMCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02492ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (13 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
MARGARET PANTRIDGE
DIRECTOR0.50Yes (X)$0$0$0
ROBERT BEGIN
DIRECTOR0.50Yes (X)$0$0$0
SUE YOUNG
DIRECTOR0.50Yes (X)$0$0$0
LIONEL DESROSIERS
DIRECTOR0.50Yes (X)$0$0$0
KATHY D'ADDESIO
DIRECTOR0.50Yes (X)$0$0$0
LISA VERGARA
DIRECTOR0.50Yes (X)$0$0$0
DOUG DONALDSON
DIRECTOR0.50Yes (X)$0$0$0
STAN HITRON
DIRECTOR0.50Yes (X)$0$0$0
ERIN DOYLE
DIRECTOR1.00Yes (X)$0$0$0
STUART MYERS
DIRECTOR1.00Yes (X)$0$0$0
CHAR SIDELL
CLERK0.50$0$0$0Yes (X)
JANET DRAKE
PRESIDENT1.00$0$0$0Yes (X)
SUSAN SPENCE
TREASURER1.00$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$20,850AllOtherContributionsAmt
Total Contributions$20,850TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$44,925TotalRevenueColumnAmt
Exclusion$44,925ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$65,775TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$44,925ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$17,609TotalAmt
Program Services$17,609ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$3,010TotalAmt
Management And General$3,010ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$1,500TotalAmt
Management And General$1,500ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$8,995TotalAmt
Management And General$8,995ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$1,118TotalAmt
Fundraising$1,118FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$1,707TotalAmt
Program Services$170ProgramServicesAmt
Management And General$1,537ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$446TotalAmt
Management And General$446ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtManagement And GeneralManagementAndGeneralAmt
POSTAGE$784$784
BANKING AND FILING FEES$595$595

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$35,764TotalAmt
Program Services$17,779ProgramServicesAmt
Management And General$16,867ManagementAndGeneralAmt
Fundraising$1,118FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$2,196BOYAmt
EOY$10,209EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$16,451BOYAmt
EOY$20,898EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$1,218,208BOYAmt
EOY$1,226,020EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,236,855BOYAmt
EOY$1,257,127EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,236,855BOYAmt
EOY$1,257,127EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,236,855BOYAmt
EOY$1,257,127EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,236,855BOYAmt
EOY$1,257,127EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$30,011ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$9,739NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS Audited0FSAuditedInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$64,621CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$144,224CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$17,227CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$19,143CurrentTaxYearMinus1YearAmt
Current Tax Year$20,850CurrentTaxYearAmt
Total$266,065TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$64,621CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$144,224CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$17,227CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$19,143CurrentTaxYearMinus1YearAmt
Current Tax Year$20,850CurrentTaxYearAmt
Total$266,065TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$266,065PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$14,478CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$29,104CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$26,705CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$245,179CurrentTaxYearMinus1YearAmt
Current Tax Year$44,625CurrentTaxYearAmt
Total$360,091TotalAmt
FieldValueIRS element (for citing)
Total Support$626,156TotalSupportAmt
Public Support CY1700.42490PublicSupportCY170Pct
Public Support PY1700.47630PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records Maintained0GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1PUBLIC LIBRARY TOWN OF NEEDHAMBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11139 HIGHLAND AVENUEAddressLine1Txt
CityNEEDHAMCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02494ZIPCd
FieldValueIRS element (for citing)
Cash Grant$17,609CashGrantAmt
Purpose Of GrantFUNDING FOR PROGRAM OFFERINGS, EXPANSION OF THE COLLECTION AND PURCHASE OF SPECIAL EQUIPMENT AND SERVICES.PurposeOfGrantTxt

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (3 entries)

Relationship DescriptionRelationshipDescriptionTxtTransactionTransactionAmtTransactionTransactionDescSharing Of RevenuesSharingOfRevenuesInd
CROWN POINT DESIGN
THE WEB COMPANY IS MANAGED BY THE SON OF A FORMER BOARD MEMBER$269FEES PAID0
(no name)
0
ROBERT BEGIN
ROBERT BEGIN WAS PAID FOR A TALK IN JANUARY 2016, IN THE AMOUNT OF $250$250HONORARIUM0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11THE TAX RETURN WAS AVAILABLE TO REVIEW BY BOARD MEMBERS BEFORE BEING FILED
FORM 990, PART VI, SECTION B, LINE 12CTHE CONFLICT OF INTEREST DECLARATIONS ARE REVIEWED ANNUALLY BT THE PRESIDENT OF THE FOUNDATION
FORM 990, PART VI, SECTION C, LINE 19THE FOUNDATION PROVIDES COPIES UPON REQUEST

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