2026-01-19T10:04:24-06:00 2025-06-30 113266576 GRASSI & CO CPA'S PC 6 OMNI WAY SUITE 201 CHELMSFORD MA 01824 990 2024-07-01 263194155 THE WELLESLEY FREE LIBRARY FOUNDATION INC WELL 7812351610 530 WASHINGTON STREET WELLESLEY MA 02482 KEITH HIGGINS PRESIDENT 7812351610 2025-12-17 1 1 JAYNE A ANDREWS P00514653 9784522500 2025-12-17 2024 2025-03-06 01:10:19Z KEITH HIGGINS 530 WASHINGTON STREET WELLESLEY MA 02482 2417929 0 X WWW.WELLESLEYFREELIBRARYFOUNDATION.ORG X 2008 MA THE FOUNDATION WAS FORMED TO SUPPORT THE WELLESLEY FREE LIBRARY, WHICH IS A DEPARTMENT OF THE TOWN OF WELLESLEY, MASSACHUSETTS. THE SUPPORT INCLUDES A BROAD RANGE OF LIBRARY NEEDS SUCH AS MATERIALS, BUILDING MAINTENANCE, FURNISHINGS AND PROGRAMS. 14 14 1 27 0 0 420357 402072 0 0 328115 604878 -40924 49660 707548 1056610 369452 238706 0 0 24106 17560 0 0 76271 280338 222805 673896 479071 33652 577539 7071783 7766428 388059 310383 6683724 7456045 TO ENRICH, NOT REPLACE, TRADITIONAL TAX-BASED SUPPORT FOR THE LIBRARY THROUGH GIFTS, GRANTS, AND BEQUESTS FROM INDIVIDUALS AND ORGANIZATIONS, WHILE REINFORCING THE NEED FOR CONTINUED AND INCREASED PUBLIC SUPPORT FOR THE LIBRARY. 0 0 66000 66000 TO ENRICH, NOT REPLACE, TRADITIONAL TAX-BASED SUPPORT FOR THE LIBRARY THROUGH GIFTS, GRANTS, AND BEQUESTS FROM INDIVIDUALS AND ORGANIZATIONS, WHILE REINFORCING THE NEED FOR CONTINUED AND INCREASED PUBLIC SUPPORT FOR THE LIBRARY. 172706 172706 PROVIDES FUNDS WHICH ALLOW THE LIBRARY TO EXPERIMENT AND BUILD COLLECTIONS THAT WOULD OTHERWISE NOT BE POSSIBLE, PURCHASE EXCITING NEW DATABASES, AND SHOWCASE EVOLVING MATERIALS FORMAT. 238706 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 1 5 0 1 1 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X THE ORGANIZATION 7812351610 530 WASHINGTON STREET WELLESLEY MA 02482 X KEITH HIGGINS PRESIDENT 8.00 X X 0 0 0 MARK GROVER TREASURER 8.00 X X 0 0 0 AMIEE MUNRO CLERK 8.00 X X 0 0 0 ALEXA PLENGE CHAIR - FINANCE COMM 8.00 X 0 0 0 LAUREL LYLE CHAIR - DEVELOPMENT 8.00 X 0 0 0 CATHERINE BUEKER CHAIR - GOVERNANCE 2.00 X 0 0 0 CAROL CARLSON DIRECTOR 2.00 X 0 0 0 MOLLY MANNING DIRECTOR 2.00 X 0 0 0 CHRISSIE LAWRENCE DIRECTOR 2.00 X 0 0 0 NORA PHILLIPS DIRECTOR 2.00 X 0 0 0 TERENCE CONDREN DIRECTOR 2.00 X 0 0 0 STEPAHNIE COUGHLAN DIRECTOR 2.00 X 0 0 0 NORM BOUCHER DIRECTOR 2.00 X 0 0 0 LUISA HUNNEWELL DIRECTOR 2.00 X 0 0 0 TRIPP SHEEHAN DIRECTOR 2.00 X 0 0 0 NORM BOUCHER DIRECTOR 2.00 X 0 0 0 KARA REINHARDT BLOCK ASSISTANT TREASURER 2.00 X 0 0 0 0 0 0 0 0 0 0 MICHELLE HARRIS 530 WASHINGTON STREET WELLESLEY MA 02452 CONSULTANT 107580 1 402072 31855 402072 230610 230610 1715353 1341085 374268 374268 374268 69894 20234 49660 49660 1056610 0 0 654538 X 238706 238706 16070 900 15170 1490 89 1401 31364 31364 51700 51700 107580 47880 59700 20421 20421 976 976 BAD DEBT 10764 10764 479071 238706 164094 76271 292781 444329 213021 205243 103244 77500 6670 8299 6456067 7031057 7071783 7766428 25315 21933 362744 288450 388059 310383 X 445763 556530 6237961 6899515 6683724 7456045 7071783 7766428 577539 194782 0 X 0 1 X 0 0 X X 1 WELLESLEY FREE LIBRARY 046601343 6 1 238706 0 1 238706 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6511922 15000 747960 194407 0 7080475 6170921 10325 509119 153937 24506 6511922 5975104 29692 323221 146429 10667 6170921 6289227 274583 -256776 162597 169333 5975104 5089514 209585 1142717 152589 0 6289227 0.08340 0.17330 0.74330 1 0 0 X 1199692 194782 194782 1004910 51700 51700 1056610 427371 0 427371 51700 51700 479071 PART X, LINE 2: THE FOUNDATION HAS BEEN RECOGNIZED AS TAX-EXEMPT UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND IS, THEREFORE, GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN PROVIDED FOR IN THE ACCOMPANYING FINANCIAL STATEMENTS. ASC 740-10, "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES," REQUIRES THE FOUNDATION TO EVALUATE AND DISCLOSE TAX POSITIONS THAT COULD HAVE AN EFFECT ON THE FOUNDATION'S FINANCIAL STATEMENTS. THE FOUNDATION REPORTS ITS ACTIVITIES TO THE INTERNAL REVENUE SERVICE AND TO THE COMMONWEALTH OF MASSACHUSETTS ON AN ANNUAL BASIS. THESE INFORMATIONAL RETURNS ARE GENERALLY SUBJECT TO AUDIT AND REVIEW BY THE GOVERNMENTAL AGENCIES FOR A PERIOD OF THREE YEARS AFTER FILING. MANAGEMENT BELEIVES IT IS NO LONGER SUBJECT TO REVIEW BY TAXING AUTHORITIES FOR PERIODS PRIOR TO 2022. SUBSTANTIALLY ALL OF THE FOUNDATION'S INCOME, EXPENDITURES AND ACTIVITIES RELATE TO ITS EXEMPT PURPOSE, THEREFORE, MANAGEMENT HAS DETERMINED THAT THE FOUNDATION IS NOT SUBJECT TO MATERIAL UNRELATED BUSINESS INCOME TAXES AND WILL CONTINUE TO QUALIFY AS A TAX-EXEMPT NOT-FOR-PROFIT ENTITY. BOOKS IN BLOOM 69894 69894 20234 69894 69894 20234 20234 49660 1 WELLESLEY FREE LIBRARY 530 WASHINGTON STREET WELLESLEY MA 02482 238706 0 TO SUPPORT THE LIBRARY PART I, LINE 2: BOARD MEMBERS OF THE WELLESLEY FREE LIBRARY PARTICIPATE IN WELLESLEY FREE LIBRARY FOUNDATION'S MONTHLY MEETINGS AND REPORT BACK ON USE OF GRANT FUNDS. X 5 31855 FAIR VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990 DRAFT SUBMITTED AND REVIEW APPROVAL TO BOARD OF DIRECTORS FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION DISTRIBUTES A CONFLICT OF INTEREST POLICY AND CERTIFICATIONFORM ANNUALLY TO ALL BOARD MEMEBER TO BE SIGNED. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST FORM 990, PART IX, LINE 11G PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 47,880. FUNDRAISING EXPENSES 59,700. TOTAL EXPENSES 107,580. WELLESLEY FREE LIBRARY DEPARTMENT 530 WASHINGTON STREET WELLESLEY MA 02482 PUBLIC LIB MA THE TOWN OF WELLESLEY 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 WELLESLEY FREE LIBRARY B 238706 BOARD APPROVAL OF REQUEST