Friends Of The Topsfield Library Inc in Topsfield, Massachusetts (MA)
Table of contents:
| Friends Of The Topsfield Library Inc | |
| Employer Identification Number (EIN) | 042721561 |
| Name of Organization | Friends Of The Topsfield Library Inc |
| Address | South Common, Topsfield, MA 01983 |
| Activities | Library, Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 05/1987 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 04/2014 |
| Assets | $25,000 to $99,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $42,233 |
| Amount of Income | $14,685 |
| Form 990 Revenue Amount | $14,685 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: |
Non-representatives - add comments:
Amount of income in 2014: $14,685 (it was $10,586 in 2013)
| Friends Of The Topsfield Library Inc: | $14,685 |
| Other organizations performing similar types of work: | $128,148 |
Assets in 2014: $42,233 (it was $46,086 in 2013)
| Friends Of The Topsfield Library Inc: | $42,233 |
| Other organizations performing similar types of work: | $394,149 |
Expenses in 2014: $18,538
| This organization: | $18,538 |
| Other organizations performing similar types of work: | $79,419 |
Income to expenses ratio in 2014: 0.8
| Friends Of The Topsfield Library Inc: | 0.8 |
| Other organizations performing similar types of work: | 1.3 |
Grants share in income in 2014: 5.1%
| This organization: | 5.1% |
| Other organizations performing similar types of work: | 32.4% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total revenue | $20,086 | $10,586 | $14,685 |
| Contributions, gifts, grants, and similar amounts received | $6,300 | $217 | $755 |
| Program service revenue including government fees and contracts | $1,460 | $600 | $855 |
| Membership dues and assessments | $7,000 | $4,190 | $7,737 |
| Investment income | $331 | $371 | $133 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $4,839 | $5,208 | $5,205 |
| Gross income from gaming | $2,291 | $0 | $0 |
| Gross income from fundraising events | $4,648 | $5,208 | $5,205 |
| Less: direct expenses from gaming and fundraising events | $2,100 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $156 | $0 | $0 |
| Total expenses | $18,192 | $12,986 | $18,538 |
| Total net assets | $48,486 | $46,086 | $42,233 |
| Excess/Deficit for the year | $1,894 | $-2,400 | $-3,853 |
| Net assets or fund balances at beginning of year | $46,592 | $48,486 | $46,086 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $46,086 | $42,233 | |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $48,486 | $46,086 | $42,233 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $48,486 | $46,086 | $42,233 |
| 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 that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public Support | $33,488 |
| Subtotal Support | $33,488 |
| Gifts, grants, contributions, and membership fees received | $33,488 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $35,192 |
| Public Support | $33,488 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $1,704 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Friends Of Waltham Public Library Inc | 735 Main St, Waltham, MA 02451-0610 | MA | 1986-08 | $412,581 |
| 2 | Robert Charles Bunn Seattle Public Library Fund Sea-First Natl Bk Tte | PO BOX 831041, Dallas, TX 75283-1041 | TX | 1976-03 | $16,747,872 |
| 3 | Stark County District Library | 715 Market Ave N, Canton, OH 44702-1018 | OH | 1953-02 | $14,216,684 |
| 4 | Friends And Foundation Of The Rochester Public Library | 115 South Ave, Rochester, NY 14604-1817 | NY | 1989-07 | $9,068,556 |
| 5 | Trustees Of The Haverhill Public Library | 99 Main St, Haverhill, MA 01830-5044 | MA | 1973-02 | $6,899,602 |
| 6 | Sacramento Public Library Foundation | 828 I St, Sacramento, CA 95814-2508 | CA | 1992-03 | $1,629,530 |
| 7 | Millbrook Free Library Tr | PO BOX 1447, Millbrook, NY 12545-1447 | NY | 1982-10 | $1,475,224 |
| 8 | Talbot County Free Library Association Incorporated | 100 W Dover St, Easton, MD 21601-2620 | MD | 1975-11 | $1,361,885 |
| 9 | Wellesley Free Library Centennial Fund | 530 Washington St, Wellesley, MA 02482-5916 | MA | 1984-07 | $855,276 |
| 10 | Shelter Island Public Library | PO BOX 2016, Shelter Is, NY 11964-2016 | NY | 1962-09 | $818,285 |
| 11 | Friends Of The Snow Library Inc | PO BOX 481, Orleans, MA 02653-0481 | MA | 1973-11 | $104,810 |
| 12 | Friends Of The Granby Free Public Library Inc | 1 Library Ln, Granby, MA 01033-9451 | MA | 1983-10 | $91,724 |
| 13 | Friends Of The Sandwich Public Library Inc | 142 Main St, Sandwich, MA 02563-2232 | MA | 1984-08 | $81,066 |
| 14 | Friends Of The Wellesley Free Libraries Inc | 530 Washington Street, Wellesley, MA 02482 | MA | 1982-02 | $52,622 |
| 15 | Chelmsford Friends Of The Library | 25 Boston Rd, Chelmsford, MA 01824-3012 | MA | 1993-08 | $45,099 |
| 16 | Friends Of Thayer Public Library Inc | 798 Washington St, Braintree, MA 02184-6421 | MA | 1998-04 | $43,910 |
| 17 | Friends Of The Dover Library | PO BOX 669, Dover, MA 02030-0669 | MA | 1982-11 | $34,553 |
| 18 | Brockton Library Foundation Inc | PO BOX 202, Brockton, MA 02303-0202 | MA | 1993-07 | $30,803 |
| 19 | Friends Of Brooks Free Library Inc | 739 Main St, Harwich, MA 02645-2752 | MA | 1998-07 | $22,244 |
| 20 | Friends Of The Topsfield Library Inc | South Common, Topsfield, MA 01983 | MA | 1987-05 | $14,685 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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