BETA

BENNETT PUBLIC LIBRARY ASSOCIATION: Form 990, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
BENNETT PUBLIC LIBRARY ASSOCIATION (EIN 04-6138236)
Tax period
2014-07-01 to 2015-06-30
Filed
2015-11-09
IRS object ID
201503139349300715
Schema version
2014v5.0
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)
Return2015-11-09T08:21:44-06:00ReturnTs
Tax Period End2015-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN461416601PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1DEREK SILVEIRA CPA PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line140 WARREN STREET FL 3AddressLine1Txt
CityCHARLESTOWNCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02129ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2014-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN046138236EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE BENNETT PUBLIC LIBRARYBusinessNameLine1Txt
Business Name Line2ASSOCIATION OF BILLERICABusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlBENNBusinessNameControlTxt
Phone9786678830PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 5103AddressLine1Txt
CityBILLERICACityNm
State AbbreviationMAStateAbbreviationCd
ZIP01822ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonTERRY TRENTPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone9786678830PhoneNum
Signature2015-10-29SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDEREK SILVEIRAPreparerPersonNm
PTINP00287034PTIN
Phone6175125763PhoneNum
Preparation2015-10-29PreparationDt
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-03-07 17:11:31ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerTERRY TRENTPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 5103AddressLine1Txt
CityBILLERICACityNm
State AbbreviationMAStateAbbreviationCd
ZIP01822ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$275,656GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.BENNETTPUBLICLIBRARY.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1880FormationYr
Legal Domicile StateMALegalDomicileStateCd
Activity Or MissionTO MAINTAIN AN HISTORIC BUILDING AND TO PROVIDE A GATHERING PLACE FOR AREA CIVIC, NON-PROFIT AND SOCIAL FUNCTIONS.ActivityOrMissionDesc
Voting Members Governing Body13VotingMembersGoverningBodyCnt
Voting Members Independent13VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$6,911PYContributionsGrantsAmt
CY Contributions Grants$13,517CYContributionsGrantsAmt
PY Program Service Revenue$12,175PYProgramServiceRevenueAmt
CY Program Service Revenue$10,850CYProgramServiceRevenueAmt
PY Investment Income$12,573PYInvestmentIncomeAmt
CY Investment Income$53,729CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$31,659PYTotalRevenueAmt
CY Total Revenue$78,096CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
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$0CYTotalFundraisingExpenseAmt
PY Other Expenses$23,788PYOtherExpensesAmt
CY Other Expenses$37,564CYOtherExpensesAmt
PY Total Expenses$23,788PYTotalExpensesAmt
CY Total Expenses$37,564CYTotalExpensesAmt
PY Revenues Less Expenses$7,871PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$40,532CYRevenuesLessExpensesAmt
Total Assets BOY$904,873TotalAssetsBOYAmt
Total Assets EOY$892,202TotalAssetsEOYAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$904,873NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$892,202NetAssetsOrFundBalancesEOYAmt
MissionTO MAINTAIN AN HISTORIC BUILDING AND TO PROVIDE A GATHERING PLACE FOR AREA CIVIC, NON-PROFIT AND SOCIAL FUNCTIONS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$2,024ExpenseAmt
DescTO CONTINUE THE RESTORATION AND PRESERVATION OF THE HISTORIC BENNETT PUBLIC LIBRARY BUILDING LOCATED AT 3 CONCORD ROAD, BILLERICA, MA 01822.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$28,631ExpenseAmt
Revenue$10,850RevenueAmt
DescTO PROVIDE A GATHERING PLACE FOR AREA CIVIC, NON-PROFIT AND SOCIAL GATHERINGS.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$30,655TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent EndowmentsYes (1)TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
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 Organizations0GrantsToOrganizationsInd
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 Ent0BusinessRlnWithOfficerEntInd
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 Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
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 Members13GoverningBodyVotingMembersCnt
Independent Voting Member13IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (1)DelegationOfMgmtDutiesInd
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 PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MARYBETH KEANE TREASURERBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9786678830PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13 CONCORD ROADAddressLine1Txt
CityBILLERICACityNm
State AbbreviationMAStateAbbreviationCd
ZIP01822ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
TERRY TRENT
PRESIDENT20.00Yes (X)Yes (X)$0$0$0
GERTRUDE TRENT
VICE PRESIDENT30.00Yes (X)Yes (X)$0$0$0
MARYBETH KEANE
TREASURER10.00Yes (X)Yes (X)$0$0$0
KARLA DICHIARA
SECRETARY5.00Yes (X)Yes (X)$0$0$0
GEORGE BENNETT
BOARD MEMBER5.00Yes (X)$0$0$0
PAMELA CLEMENS
BOARD MEMBER5.00Yes (X)$0$0$0
PETER CLEMENS
BOARD MEMBER5.00Yes (X)$0$0$0
DONNA DEDOMENICO
BOARD MEMBER5.00Yes (X)$0$0$0
BARBARA FLAHERTY
BOARD MEMBER5.00Yes (X)$0$0$0
ELLEN HAZZARD
BOARD MEMBER5.00Yes (X)$0$0$0
BRIAN KEESLER
BOARD MEMBER5.00Yes (X)$0$0$0
ERIC MACKAY
BOARD MEMBER5.00Yes (X)$0$0$0
AMANDA GOODWIN
BOARD MEMBER5.00Yes (X)$0$0$0
MICHAEL KARDAUSKAS
FORMER TREASURER2.00Yes (X)$0$0$0
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
Membership Dues$725MembershipDuesAmt
All Other Contributions$12,792AllOtherContributionsAmt
Total Contributions$13,517TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescBUILDING RENTALSDesc
Business900099BusinessCd
Total Revenue Column$10,850TotalRevenueColumnAmt
Related Or Exempt Func Income$10,850RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$10,850TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$8,365TotalRevenueColumnAmt
Exclusion$8,365ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$242,924SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$197,560SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$45,364SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$45,364TotalRevenueColumnAmt
Exclusion$45,364ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$78,096TotalRevenueColumnAmt
Related Or Exempt Func Income$10,850RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$53,729ExclusionAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$1,250TotalAmt
Management And General$1,250ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$3,759TotalAmt
Management And General$3,759ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$1,169TotalAmt
Management And General$1,169ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$28,631TotalAmt
Program Services$28,631ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$2,024TotalAmt
Program Services$2,024ProgramServicesAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtManagement And GeneralManagementAndGeneralAmt
BANK FEES$659$659
FILING FEES$72$72

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$37,564TotalAmt
Program Services$30,655ProgramServicesAmt
Management And General$6,909ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$8,983BOYAmt
EOY$21,076EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$552,842LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$6,210LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$548,656BOYAmt
EOY$546,632EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$347,234BOYAmt
EOY$324,494EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$904,873BOYAmt
EOY$892,202EOYAmt

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$8,983BOYAmt
EOY$21,076EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$347,234BOYAmt
EOY$324,494EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$548,656BOYAmt
EOY$546,632EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$904,873BOYAmt
EOY$892,202EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$904,873BOYAmt
EOY$892,202EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$40,532ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$72,703NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$19,500OtherChangesInNetAssetsAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS Audited0FSAuditedInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$17,667CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$24,157CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$39,016CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$6,911CurrentTaxYearMinus1YearAmt
Current Tax Year$13,517CurrentTaxYearAmt
Total$101,268TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$13,453CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$11,795CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$15,175CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$12,175CurrentTaxYearMinus1YearAmt
Current Tax Year$10,850CurrentTaxYearAmt
Total$63,448TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$31,120CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$35,952CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$54,191CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$19,086CurrentTaxYearMinus1YearAmt
Current Tax Year$24,367CurrentTaxYearAmt
Total$164,716TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$13,000CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$11,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$24,500CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$5,217CurrentTaxYearMinus1YearAmt
Current Tax Year$12,022CurrentTaxYearAmt
Total$65,739TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$1,500CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,500CurrentTaxYearMinus2YearsAmt
Total$4,000TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$13,000CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$12,500CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$27,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$5,217CurrentTaxYearMinus1YearAmt
Current Tax Year$12,022CurrentTaxYearAmt
Total$69,739TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$94,977PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$28CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$3,623CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$15,466CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$12,573CurrentTaxYearMinus1YearAmt
Current Tax Year$53,729CurrentTaxYearAmt
Total$85,419TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$28CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$3,623CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$15,466CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$12,573CurrentTaxYearMinus1YearAmt
Current Tax Year$53,729CurrentTaxYearAmt
Total$85,419TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$31,148CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$39,575CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$69,657CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$31,659CurrentTaxYearMinus1YearAmt
Current Tax Year$78,096CurrentTaxYearAmt
Total$250,135TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.37970PublicSupportCY509Pct
Public Support PY5090.59160PublicSupportPY509Pct
Investment Income CY0.34150InvestmentIncomeCYPct
Investment Income PY0.14470InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests PY509Yes (X)ThirtyThrPctSuprtTestsPY509Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Agent Trustee Etc0AgentTrusteeEtcInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$347,234BeginningYearBalanceAmt
Investment Earnings Or Losses$519InvestmentEarningsOrLossesAmt
Other Expenditures$19,500OtherExpendituresAmt
Administrative Expenses$3,759AdministrativeExpensesAmt
End Year Balance$324,494EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$305,253BeginningYearBalanceAmt
Investment Earnings Or Losses$50,727InvestmentEarningsOrLossesAmt
Other Expenditures$5,100OtherExpendituresAmt
Administrative Expenses$3,646AdministrativeExpensesAmt
End Year Balance$347,234EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$283,133BeginningYearBalanceAmt
Investment Earnings Or Losses$29,211InvestmentEarningsOrLossesAmt
Other Expenditures$3,730OtherExpendituresAmt
Administrative Expenses$3,361AdministrativeExpensesAmt
End Year Balance$305,253EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$288,411BeginningYearBalanceAmt
Investment Earnings Or Losses-$3,692InvestmentEarningsOrLossesAmt
Administrative Expenses$1,586AdministrativeExpensesAmt
End Year Balance$283,133EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$264,487BeginningYearBalanceAmt
Investment Earnings Or Losses$43,924InvestmentEarningsOrLossesAmt
Other Expenditures$20,000OtherExpendituresAmt
End Year Balance$288,411EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY1.00000BoardDesignatedBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$219,800OtherCostOrOtherBasisAmt
Book Value$219,800BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$333,042OtherCostOrOtherBasisAmt
Depreciation$6,210DepreciationAmt
Book Value$326,832BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$546,632TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (3 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
EQUITIES$99,972F
FIXED INCOME$221,901F
CASH$2,621F
FieldValueIRS element (for citing)
Total Book Value Securities$324,494TotalBookValueSecuritiesAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART V, LINE 4:FormAndLineReferenceDesc
ExplanationTO MAINTAIN AN HISTORIC BUILDING AND TO PROVIDE A GATHERING PLACE FOR AREA CIVIC, NON-PROFIT AND SOCIAL FUNCTIONS. A CULTURAL LANDMARK DEDICATED IN 1881, THE ENDOWMENT FUND IS USED FOR THE RESTORATION OF THE LIBRARY TO ITS ORIGINAL SPLENDOR AND TURN-OF-THE-CENTURY ELEGANCE. PERIOD COLORS, DRAPERY, STAINED GLASS WINDOWS AND LIGHTING FIXTURES PROVIDE AN AWE-INSPIRING GLIMPSE OF THE VICTORIAN ERA, A TIME WHEN THE BENNETT WAS BILLERICA'S CULTURAL HUB AND MEETING DESTINATION.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 3THE ORGANIZATION HOLDS AN ENDOWMENT THAT IS MANAGED BY ENTERPRISE INVESTMENT ADVISORS LOCATED IN LOWELL, MA 01852 WITH GENERAL OVERSITE BY THE EXECUTIVES OF THE BOARD. GENERAL OBJECTIVES AND RISK TOLLERANCE ARE DETERMINED BY THE BOARD MEMBERS, BUT THE ACTIVE MANAGEMENT OF THE ASSETS; INCLUDING EXECUTION OF TRADES AND ASSET ALLOCATIONS ARE CONDUCTED BY THE ASSET MANAGERS AT ENTERPRISE INVESTMENT ADVISORS.
FORM 990, PART VI, SECTION B, LINE 11THE DRAFT VERSION OF THE FORM 990 IS REVIEWED AND APPROVED BY THE OFFICERS OF THE BOARD AND THEN FORWARDED TO THE FULL BOARD OF TRUSTEES FOR REVIEW. AFTER THE FULL BOARD APPROVAL THE FORM 990 IS SIGNED AND FILED WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12CEACH MEMBER OF THE BOARD IS REQUIRED TO COMPLETE AN ANNUAL QUESTIONAIRE ADDRESSING RELATIONSHIPS OR OTHER POTENTIAL AREAS OF CONFLICT OF INTEREST IN TERMS OF GOODS OR SERVICES. SUCH QUESTIONNAIRES ARE COLLECTED AND MONITORED INITIALLY BY THE PRESIDENT. ISSUES DEEMED IN POTENTIAL CONFLICT ARE REFERRED TO AND ADDRESSED BY A COMMITTEE OF THE BOARD FOR FURTHER CLARIFICATION AND RESOLUTION. IF A POSSIBLE CONFLICT IS IDENTIFIED AND REFERRED TO THE BOARD, PROCEDURES OUTLINED IN THE ORGANIZATION'S CONFLICT OF INTEREST POLICY ARE USED TO DETERMINE WHETHER AN ACTUAL CONFLICT EXISTS. SUCH PROCEDURES INCLUDE A REVIEW OF ALL OF THE FACTS AND CIRCUMSTANCES. THE AVAILABILITY OF ALTERNATE SERVICE PROVIDERS, AND THE ECONOMIC IMPACT ON THE ORGANIZATION AND THE ORGANIZATION'S MISSION. FINAL RESOLUTION OF A CONFLICT IS DOCUMENTED IN THE MINUTES OF THE BOARD MEETINGS.
FORM 990, PART VI, SECTION B, LINE 15THE ORGANIZATION DOES NOT COMPENSATE ANY OF ITS MEMBERS, OFFICERS OR BOARD MEMBERS.
FORM 990, PART VI, SECTION C, LINE 18THE LIBRARY'S FORM 990 (CURRENT AND PRIOR THREE YEARS) ARE AVAILABLE ON THE OFFICIAL WEBSITE OF THE ATTORNEY GENERAL OF MASSACHUSETTS AT WWW.CHARITIES.AGO.STATE.MA.US AND GUIDESTAR AT WWW2.GUIDESTAR.ORG. WE ALSO MAKE OUR FORM 990, FORM 1023, ARTICLES OF INCORPORATION, AND BYLAWS AVAILABLE TO THE PUBLIC UPON REQUEST. WE DO NOT MAKE OUR CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. IN ADDITION, OTHER GOVERNING DOCUMENTS ARE AVAILABLE AT THE OFFICIAL WEBSITE OF THE SECRETARY OF STATE OF MASSACHUSETTS AT: WWW.CORP.SEC.STATE.MA.US/CORP/CORPSEARCH/CORPSEARCHINPUT.ASP
FORM 990, PART VI, SECTION C, LINE 19THE LIBRARY'S FORM 990 (CURRENT AND PRIOR THREE YEARS) ARE AVAILABLE ON THE OFFICIAL WEBSITE OF THE ATTORNEY GENERAL OF MASSACHUSETTS AT WWW.CHARITIES.AGO.STATE.MA.US AND GUIDESTAR AT WWW2.GUIDESTAR.ORG. WE ALSO MAKE OUR FORM 990, FORM 1023, ARTICLES OF INCORPORATION, AND BYLAWS AVAILABLE TO THE PUBLIC UPON REQUEST. WE DO NOT MAKE OUR CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC.
FORM 990, PART XI, LINE 9:TRANSFER FROM TRUST FUND 19,500.

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