BENNETT PUBLIC LIBRARY ASSOCIATION: Form 990, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- BENNETT PUBLIC LIBRARY ASSOCIATION (EIN 04-6138236)
- Tax period
- 2013-07-01 to 2014-06-30
- Filed
- 2014-09-29
- IRS object ID
- 201402729349300230
- Schema version
- 2013v3.0
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2014-09-29T11:23:52-05:00 | ReturnTs |
| Tax Period End | 2014-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 461416601 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DEREK SILVEIRA CPA PC | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 40 WARREN STREET FL 3 | AddressLine1 |
| City | CHARLESTOWN | City |
| State | MA | State |
| ZIP Code | 02129 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2013-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 046138236 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE BENNETT PUBLIC LIBRARY | BusinessNameLine1 |
| Business Name Line2 | ASSOCIATION OF BILLERICA | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | BENN | BusinessNameControlTxt |
| Phone | 9786675839 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 5103 | AddressLine1 |
| City | BILLERICA | City |
| State | MA | State |
| ZIP Code | 01822 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | TERRY TRENT | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 9786675839 | PhoneNum |
| Signature | 2014-09-24 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| PTIN | P00287034 | PTIN |
| Phone | 6175125763 | PhoneNum |
| Preparation | 2014-09-24 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | TERRY TRENT | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 5103 | AddressLine1 |
| City | BILLERICA | City |
| State | MA | State |
| ZIP Code | 01822 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $74,166 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.BENNETTPUBLICLIBRARY.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1880 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | TO MAINTAIN AN HISTORIC BUILDING AND TO PROVIDE A GATHERING PLACE FOR AREA CIVIC, NON-PROFIT AND SOCIAL FUNCTIONS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 13 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 13 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $39,016 | PYContributionsGrantsAmt |
| CY Contributions Grants | $6,911 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $15,175 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $12,175 | CYProgramServiceRevenueAmt |
| PY Investment Income | $15,465 | PYInvestmentIncomeAmt |
| CY Investment Income | $12,573 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $69,656 | PYTotalRevenueAmt |
| CY Total Revenue | $31,659 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $0 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $29,271 | PYOtherExpensesAmt |
| CY Other Expenses | $23,788 | CYOtherExpensesAmt |
| PY Total Expenses | $29,271 | PYTotalExpensesAmt |
| CY Total Expenses | $23,788 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $40,385 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $7,871 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $858,843 | TotalAssetsBOYAmt |
| Total Assets EOY | $904,873 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $858,843 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $904,873 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO MAINTAIN AN HISTORIC BUILDING AND TO PROVIDE A GATHERING PLACE FOR AREA CIVIC, NON-PROFIT AND SOCIAL FUNCTIONS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $1,631 | ExpenseAmt |
| Desc | TO 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $15,227 | ExpenseAmt |
| Revenue | $12,175 | RevenueAmt |
| Desc | TO PROVIDE A GATHERING PLACE FOR AREA CIVIC, NON-PROFIT AND SOCIAL GATHERINGS. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $16,858 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 13 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 13 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | Yes (1) | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MICHAEL KARDAUSKAS TREASURER | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9786705554 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3 CONCORD ROAD | AddressLine1 |
| City | BILLERICA | City |
| State | MA | State |
| ZIP Code | 01822 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (13 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| TERRY TRENT | ||||||
| PRESIDENT | 20.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| GERTRUDE TRENT | ||||||
| VICE PRESIDENT | 30.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| MICHAEL KARDAUSKAS | ||||||
| TREASURER | 10.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| KARLA DICHIARA | ||||||
| SECRETARY | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| GEORGE BENNETT | ||||||
| BOARD MEMBER | 5.00 | Yes (X) | $0 | $0 | $0 | |
| PAMELA CLEMENS | ||||||
| BOARD MEMBER | 5.00 | Yes (X) | $0 | $0 | $0 | |
| PETER CLEMENS | ||||||
| BOARD MEMBER | 5.00 | Yes (X) | $0 | $0 | $0 | |
| DONNA DEDOMENICO | ||||||
| BOARD MEMBER | 5.00 | Yes (X) | $0 | $0 | $0 | |
| BARBARA FLAHERTY | ||||||
| BOARD MEMBER | 5.00 | Yes (X) | $0 | $0 | $0 | |
| ELLEN HAZZARD | ||||||
| BOARD MEMBER | 5.00 | Yes (X) | $0 | $0 | $0 | |
| BRIAN KEESLER | ||||||
| BOARD MEMBER | 5.00 | Yes (X) | $0 | $0 | $0 | |
| ERIC MACKAY | ||||||
| BOARD MEMBER | 5.00 | Yes (X) | $0 | $0 | $0 | |
| AMANDA GOODWIN | ||||||
| BOARD MEMBER | 5.00 | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| Membership Dues | $595 | MembershipDuesAmt |
| All Other Contributions | $6,316 | AllOtherContributionsAmt |
| Total Contributions | $6,911 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | BUILDING RENTALS | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $12,175 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $12,175 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $12,175 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $7,600 | TotalRevenueColumnAmt |
| Exclusion | $7,600 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $47,480 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $42,507 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $4,973 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,973 | TotalRevenueColumnAmt |
| Exclusion | $4,973 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $31,659 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $12,175 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $12,573 | ExclusionAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,250 | TotalAmt |
| Management And General | $1,250 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,646 | TotalAmt |
| Management And General | $3,646 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $276 | TotalAmt |
| Management And General | $276 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,027 | TotalAmt |
| Program Services | $15,027 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,631 | TotalAmt |
| Program Services | $1,631 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Management And GeneralManagementAndGeneralAmt | Program ServicesProgramServicesAmt |
|---|---|---|---|
| BANK FEES | $1,605 | $1,605 | |
| GRANT EXPENSE | $200 | $200 | |
| ASSOCIATION MEMBERSHIP | $100 | $100 | |
| FILING FEES | $53 | $53 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $23,788 | TotalAmt |
| Program Services | $16,858 | ProgramServicesAmt |
| Management And General | $6,930 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,003 | BOYAmt |
| EOY | $8,983 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $552,842 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $4,186 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $534,587 | BOYAmt |
| EOY | $548,656 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $305,253 | BOYAmt |
| EOY | $347,234 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $858,843 | BOYAmt |
| EOY | $904,873 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,003 | BOYAmt |
| EOY | $8,983 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $305,253 | BOYAmt |
| EOY | $347,234 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $534,587 | BOYAmt |
| EOY | $548,656 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $858,843 | BOYAmt |
| EOY | $904,873 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $858,843 | BOYAmt |
| EOY | $904,873 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $7,871 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $33,059 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $5,100 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | 0 | FSAuditedInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,215 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $17,667 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $24,157 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $39,016 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $6,911 | CurrentTaxYearAmt |
| Total | $88,966 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $45,690 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $13,453 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $11,795 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $15,175 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $12,175 | CurrentTaxYearAmt |
| Total | $98,288 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $46,905 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $31,120 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $35,952 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $54,191 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $19,086 | CurrentTaxYearAmt |
| Total | $187,254 | TotalAmt |
Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $13,000 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $11,000 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $24,500 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $5,217 | CurrentTaxYearAmt |
| Total | $53,717 | TotalAmt |
Substantial Contributors Amt SubstantialContributorsAmtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $1,500 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,500 | CurrentTaxYearMinus1YearAmt |
| Total | $4,000 | TotalAmt |
Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $13,000 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $12,500 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $27,000 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $5,217 | CurrentTaxYearAmt |
| Total | $57,717 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $129,537 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $28 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,623 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $15,466 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $12,573 | CurrentTaxYearAmt |
| Total | $31,691 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $28 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,623 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $15,466 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $12,573 | CurrentTaxYearAmt |
| Total | $31,691 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $46,906 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $31,148 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $39,575 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $69,657 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $31,659 | CurrentTaxYearAmt |
| Total | $218,945 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.59160 | PublicSupportCY509Pct |
| Public Support PY509 | 0.64950 | PublicSupportPY509Pct |
| Investment Income CY | 0.14470 | InvestmentIncomeCYPct |
| Investment Income PY | 0.09540 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $305,253 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $50,727 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $5,100 | OtherExpendituresAmt |
| Administrative Expenses | $3,646 | AdministrativeExpensesAmt |
| End Year Balance | $347,234 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $283,133 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $29,211 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $3,730 | OtherExpendituresAmt |
| Administrative Expenses | $3,361 | AdministrativeExpensesAmt |
| End Year Balance | $305,253 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $288,411 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | -$3,692 | InvestmentEarningsOrLossesAmt |
| Administrative Expenses | $1,586 | AdministrativeExpensesAmt |
| End Year Balance | $283,133 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $264,487 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $43,924 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $20,000 | OtherExpendituresAmt |
| End Year Balance | $288,411 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $266,088 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | -$1,601 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $264,487 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 1.00000 | BoardDesignatedBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $219,800 | OtherCostOrOtherBasisAmt |
| Book Value | $219,800 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $333,042 | OtherCostOrOtherBasisAmt |
| Depreciation | $4,186 | DepreciationAmt |
| Book Value | $328,856 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $548,656 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (3 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| EQUITIES | $145,980 | F |
| FIXED INCOME | $193,083 | F |
| CASH | $8,171 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $347,234 | TotalBookValueSecuritiesAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART V, LINE 4: | FormAndLineReferenceDesc |
| Explanation | 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. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 5,100. |
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