Friends Of The Monson Free Library in Monson, Massachusetts (MA)
Table of contents:
| Friends Of The Monson Free Library | |
| Employer Identification Number (EIN) | 042547577 |
| Name of Organization | Friends Of The Monson Free Library |
| Address | 2 High St, Monson, MA 01057-1008 |
| Subsection | Charitable Organization |
| Ruling Date | 12/2006 |
| Deductibility | Contributions are deductible |
| Foundation | Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 05/2014 |
| Assets | $1 to $9,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $7,375 |
| Amount of Income | $9,993 |
| Form 990 Revenue Amount | $4,754 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Libraries |
Non-representatives - add comments:
Amount of income in 2014: $9,993 (it was $9,541 in 2013)
| Friends Of The Monson Free Library: | $9,993 |
| Other organizations performing similar types of work: | $84,385 |
Assets in 2014: $7,375 (it was $11,456 in 2013)
| This organization: | $7,375 |
| Other organizations performing similar types of work: | $188,533 |
Expenses in 2014: $8,835
| Friends Of The Monson Free Library: | $8,835 |
| Other organizations performing similar types of work: | $59,444 |
Income to expenses ratio in 2014: 1.1
| This organization: | 1.1 |
| Other organizations performing similar types of work: | 1.3 |
Revenue for 2014
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total revenue | $4,873 | $5,269 | $4,754 |
| Contributions, gifts, grants, and similar amounts received | $0 | $85 | $0 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $1,690 | $0 | $625 |
| Investment income | $119 | $105 | $2 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $513 | $5,079 | $3,731 |
| Gross income from gaming | $0 | $550 | $904 |
| Gross income from fundraising events | $1,943 | $8,801 | $8,066 |
| Less: direct expenses from gaming and fundraising events | $1,430 | $4,272 | $5,239 |
| Gross profit/loss from sales of inventory | $2,551 | $0 | $396 |
| Gross sales of inventory, less returns and allowances | $2,578 | $0 | $396 |
| Less: cost of goods sold | $27 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $5,672 | $8,106 | $8,835 |
| Total net assets | $14,293 | $11,456 | $7,375 |
| Excess/Deficit for the year | $-799 | $-2,837 | $-4,080 |
| Net assets or fund balances at beginning of year | $15,092 | $14,293 | $11,455 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $11,456 | $7,375 | |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $14,293 | $11,456 | $7,375 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $14,293 | $11,456 | $7,375 |
| Other Information | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2014) | |
| The organization is not a private foundation because it is: | An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2) |
| Number of organizations supported | 1 |
| Sum of amounts of support | $8,453 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Southeastern Massachusetts Regional Library System Inc | 10 Riverside Drive, Lakeville, MA 02347 | MA | 1997-11 | $2,611,756 |
| 2 | S A I L S Incorporated | 10 Riverside Dr Ste 102, Lakeville, MA 02347-1689 | MA | 1996-10 | $1,310,546 |
| 3 | Springfield Library Foundation Inc | 220 State St, Springfield, MA 01103-1733 | MA | 2005-02 | $445,144 |
| 4 | Palmer Public Library Association | 1455 N Main St, Palmer, MA 01069-1265 | MA | 2010-10 | $369,910 |
| 5 | Hopkinton Public Library Foundation Inc | PO BOX 16, Woodville, MA 01784-0016 | MA | 2012-03 | $317,463 |
| 6 | Walpole Public Library Endowment Trust | C/O Robert Macdonald, East Walpole, MA 02032 | MA | 2001-08 | $251,355 |
| 7 | Brookline Library Foundation Inc | 361 Washington St, Brookline, MA 02445-6810 | MA | 1999-05 | $217,684 |
| 8 | Sanskrit Library | 501 Lexington St Apt 69, Waltham, MA 02452-3038 | MA | 2014-04 | $139,577 |
| 9 | Friends Of The Ipswich Public Library | P O Box 157, Ipswich, MA 01938 | MA | 1993-08 | $125,591 |
| 10 | West Warren Library Association Inc | 2370 Main Street, West Warren, MA 01092 | MA | 2004-06 | $82,525 |
| 11 | Friends Of Forbes Library Inc | PO BOX 1363, Northampton, MA 01061-1363 | MA | 2012-05 | $37,781 |
| 12 | The Friends Of The North End Branch Library Inc | 25 Parmenter Street, Boston, MA 02113 | MA | 2014-07 | $26,142 |
| 13 | Leicester Public Library-Renovation Fund | 1136 Main St, Leicester, MA 01524-1349 | MA | 2011-08 | $25,961 |
| 14 | Friends Of The Westhampton Public Library Inc | 1 North Rd, Westhampton, MA 01027-9689 | MA | 1999-11 | $23,284 |
| 15 | Harvard Square Library Inc | 95 Montgomery St, Cambridge, MA 02140 | MA | 2014-04 | $19,004 |
| 16 | Friends Of The Pearle L Crawford Memorial Library Inc | 3 Village Street Po Box 33, Dudley, MA 01571 | MA | 2000-01 | $8,981 |
| 17 | Friends Of Richards Memorial Library Of Paxton | 44 Richards Ave, Paxton, MA 01612-1148 | MA | 1996-01 | $2,487 |
| 18 | Brookline Library Music Association | 44 Davis Avenue, Brookline, MA 02445 | MA | 2001-11 | $0 |
| 19 | Friends Of Ashburnhams Stevens Memorial Library Inc | Po Box 285, Ashburnham, MA 01430 | MA | 2014-10 | $0 |
| 20 | Friends Of The Agawam Public Library | Po Box 478, Feeding Hills, MA 01030 | MA | 2003-09 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,701 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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