2015-11-09T08:21:44-06:00 2015-06-30 461416601 DEREK SILVEIRA CPA PC 40 WARREN STREET FL 3 CHARLESTOWN MA 02129 990 2014-07-01 046138236 THE BENNETT PUBLIC LIBRARY ASSOCIATION OF BILLERICA BENN 9786678830 PO BOX 5103 BILLERICA MA 01822 TERRY TRENT PRESIDENT 9786678830 2015-10-29 1 DEREK SILVEIRA P00287034 6175125763 2015-10-29 2014 2016-03-07 17:11:31Z TERRY TRENT PO BOX 5103 BILLERICA MA 01822 275656 0 X WWW.BENNETTPUBLICLIBRARY.ORG X 1880 MA TO MAINTAIN AN HISTORIC BUILDING AND TO PROVIDE A GATHERING PLACE FOR AREA CIVIC, NON-PROFIT AND SOCIAL FUNCTIONS. 13 13 0 0 0 0 6911 13517 12175 10850 12573 53729 0 0 31659 78096 0 0 0 0 0 0 0 0 0 23788 37564 23788 37564 7871 40532 904873 892202 0 0 904873 892202 TO MAINTAIN AN HISTORIC BUILDING AND TO PROVIDE A GATHERING PLACE FOR AREA CIVIC, NON-PROFIT AND SOCIAL FUNCTIONS. 0 0 2024 TO CONTINUE THE RESTORATION AND PRESERVATION OF THE HISTORIC BENNETT PUBLIC LIBRARY BUILDING LOCATED AT 3 CONCORD ROAD, BILLERICA, MA 01822. 28631 10850 TO PROVIDE A GATHERING PLACE FOR AREA CIVIC, NON-PROFIT AND SOCIAL GATHERINGS. 30655 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X X MARYBETH KEANE TREASURER 9786678830 3 CONCORD ROAD BILLERICA MA 01822 X TERRY TRENT PRESIDENT 20.00 X X 0 0 0 GERTRUDE TRENT VICE PRESIDENT 30.00 X X 0 0 0 MARYBETH KEANE TREASURER 10.00 X X 0 0 0 KARLA DICHIARA SECRETARY 5.00 X X 0 0 0 GEORGE BENNETT BOARD MEMBER 5.00 X 0 0 0 PAMELA CLEMENS BOARD MEMBER 5.00 X 0 0 0 PETER CLEMENS BOARD MEMBER 5.00 X 0 0 0 DONNA DEDOMENICO BOARD MEMBER 5.00 X 0 0 0 BARBARA FLAHERTY BOARD MEMBER 5.00 X 0 0 0 ELLEN HAZZARD BOARD MEMBER 5.00 X 0 0 0 BRIAN KEESLER BOARD MEMBER 5.00 X 0 0 0 ERIC MACKAY BOARD MEMBER 5.00 X 0 0 0 AMANDA GOODWIN BOARD MEMBER 5.00 X 0 0 0 MICHAEL KARDAUSKAS FORMER TREASURER 2.00 X 0 0 0 0 0 0 0 0 0 0 0 725 12792 13517 BUILDING RENTALS 900099 10850 10850 10850 8365 8365 242924 197560 45364 45364 45364 78096 10850 0 53729 1250 1250 3759 3759 1169 1169 28631 28631 2024 2024 BANK FEES 659 659 FILING FEES 72 72 37564 30655 6909 0 8983 21076 552842 6210 548656 546632 347234 324494 904873 892202 0 0 X 8983 21076 347234 324494 548656 546632 904873 892202 904873 892202 X 40532 -72703 19500 X 0 0 0 X 17667 24157 39016 6911 13517 101268 13453 11795 15175 12175 10850 63448 31120 35952 54191 19086 24367 164716 13000 11000 24500 5217 12022 65739 1500 2500 4000 13000 12500 27000 5217 12022 69739 94977 28 3623 15466 12573 53729 85419 28 3623 15466 12573 53729 85419 31148 39575 69657 31659 78096 250135 0.37970 0.59160 0.34150 0.14470 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 347234 519 19500 3759 324494 305253 50727 5100 3646 347234 283133 29211 3730 3361 305253 288411 -3692 1586 283133 264487 43924 20000 288411 1.00000 0 0 219800 219800 333042 6210 326832 546632 EQUITIES 99972 F FIXED INCOME 221901 F CASH 2621 F 324494 PART V, LINE 4: TO 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. FORM 990, PART VI, SECTION A, LINE 3 THE 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 11 THE 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 12C EACH 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 15 THE ORGANIZATION DOES NOT COMPENSATE ANY OF ITS MEMBERS, OFFICERS OR BOARD MEMBERS. FORM 990, PART VI, SECTION C, LINE 18 THE 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 19 THE 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.