2013-08-15T20:27:04-05:00 2013-06-30 461416601 DEREK SILVEIRA CPA PC 40 WARREN STREET 3RD FL CHARLESTOWN MA 02129 990 2012-07-01 046138236 THE BENNETT PUBLIC LIBRARY ASSOCIATION OF BILLERICA BENN 9786675839 PO BOX 5103 BILLERICA MA 01822 TERRY TRENT 9786675839 2013-07-17 1 DEREK SILVEIRA P00287034 6175125763 2013-07-17 2012 2016-02-24 21:20:13Z TERRY TRENT PO BOX 5103 BILLERICA MA 01822 114546 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 13 0 0 24157 39016 11796 15175 3623 15465 0 0 39576 69656 0 0 0 0 0 0 0 0 0 15078 29271 15078 29271 24498 40385 804706 858843 0 0 804706 858843 TO MAINTAIN AN HISTORIC BUILDING AND TO PROVIDE A GATHERING PLACE FOR AREA CIVIC, NON-PROFIT AND SOCIAL FUNCTIONS. 0 0 1365 TO CONTINUE THE RESTORATION AND PRESERVATION OF THE HISTORIC BENNETT PUBLIC LIBRARY BUILDING LOCATED AT 3 CONCORD ROAD, BILLERICA, MA 01822. 15659 15175 TO PROVIDE A GATHERING PLACE FOR AREA CIVIC, NON-PROFIT AND SOCIAL GATHERINGS. 17024 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 2 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 MICHAEL KARDAUSKAS TREASURER 9786705554 3 CONCORD ROAD BILLERICA MA 01822 X TERRY TRENT 20.00 X X 0 0 0 GERTRUDE TRENT 30.00 X X 0 0 0 MICHAEL KARDAUSKAS 10.00 X X 0 0 0 KARLA DICHIARA 5.00 X X 0 0 0 GEORGE BENNETT 5.00 X 0 0 0 PAMELA CLEMENS 5.00 X 0 0 0 PETER CLEMENS 5.00 X 0 0 0 DONNA DEDOMENICO 5.00 X 0 0 0 BARBARA FLAHERTY 5.00 X 0 0 0 ELLEN HAZZARD 5.00 X 0 0 0 BRIAN KEESLER 5.00 X 0 0 0 ERIC MACKAY 5.00 X 0 0 0 AMANDA GOODWIN 5.00 X 0 0 0 0 0 0 0 0 0 0 0 825 38191 39016 BUILDING RENTALS 900099 15175 15175 15175 8750 8750 51605 44890 6715 6715 6715 69656 15175 0 15465 3361 3361 2761 2761 4161 4161 14759 14759 1365 1365 BANK FEES 1809 1809 GRANT EXPENSE 900 900 ASSOCIATION MEMBERSHIP 100 100 FILING FEES 55 55 29271 17024 12247 0 6988 19003 537142 2555 514585 534587 283133 305253 804706 858843 0 0 X 6988 19003 283133 305253 514585 534587 804706 858843 804706 858843 X 40385 10022 3730 X 0 0 0 X 180 1215 17667 24157 39016 82235 17830 45690 13453 11795 15175 103943 18010 46905 31120 35952 54191 186178 13000 11000 24500 48500 1500 2500 4000 13000 12500 27000 52500 133678 523 1 28 3623 15466 19641 523 1 28 3623 15466 19641 18533 46906 31148 39575 69657 205819 0.64950 0.82610 0.09540 0.02700 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 283133 29211 3730 3361 305253 288411 -3692 1586 283133 264487 43924 20000 288411 266088 -1601 264487 337061 -70973 266088 1.00000 0 0 219800 219800 317342 2555 314787 534587 EQUITIES 102432 F FIXED INCOME 191253 F CASH 11568 F 305253 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: TRANSFER FROM TRUST FUND 3,730.