Wellesley Free Library Centennial Fund in Wellesley, Massachusetts (MA)
Table of contents:
| Wellesley Free Library Centennial Fund | |
| Employer Identification Number (EIN) | 222531977 |
| Name of Organization | Wellesley Free Library Centennial Fund |
| Address | 530 Washington St, Wellesley, MA 02482-5916 |
| Activities | Gifts, grants, or loans to other organizations, Endowment fund or financial services |
| Subsection | Charitable Organization |
| Ruling Date | 07/1984 |
| Deductibility | Contributions are deductible |
| Foundation | Organizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above |
| Organization | Trust |
| Tax Period | 09/2012 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $3,005,313 |
| Amount of Income | $855,276 |
| Form 990 Revenue Amount | $139,023 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: |
Non-representatives - add comments:
Amount of income in 2012: $855,276 (it was $646,104 in 2011)
| This organization: | $855,276 |
| Other organizations performing similar types of work: | $128,148 |
Assets in 2012: $3,005,313 (it was $2,705,523 in 2011)
| This organization: | $3,005,313 |
| Other organizations performing similar types of work: | $394,149 |
Expenses in 2012: $124,168
| This organization: | $124,168 |
| Other organizations performing similar types of work: | $79,419 |
Income to expenses ratio in 2012: 6.9
| This organization: | 6.9 |
| Other organizations performing similar types of work: | 1.3 |
Grants share in income in 2012: 29.9%
| This organization: | 29.9% |
| Other organizations performing similar types of work: | 32.4% |
Revenue for 2012
| Statements Regarding Other IRS Filings and Tax Compliance (for 2012) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year? | No |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Gross income from members or shareholders | $0 |
| Gross income from other sources | $0 |
| Statement of Revenue (for 2012) | |
| Total revenue | $139,023 |
| Contributions, Gifts, Grants and Other Similar Amounts | $41,535 |
| Program Service Revenue | $0 |
| Other Revenue | |
| Investment income (including dividends, interest, and other similar amounts) | $88,384 |
| Income from investment of tax-exempt bond proceeds | $0 |
| Royalties | $0 |
| Net rental income | $0 |
| Net gain from sales of assets other than inventory | $9,104 |
| Gross amount from sales of assets other than inventory (Securities / Other) | $725,357 / $0 |
| Less: cost or other basis and sales expenses (Securities / Other) | $716,253 / $0 |
| Gain or (loss) (Securities / Other) | $9,104 / $0 |
| Net income from fundraising events | $0 |
| Net income from gaming activities | $0 |
| Net income from sales of inventory | $0 |
| Miscellaneous Revenue | $0 |
| Statement of Functional Expenses (for 2012) | |
| Total functional expenses | $124,168 |
| Compensation of current officers, directors, trustees, and key employees | $0 |
| Other salaries and wages | $0 |
| Payroll taxes | $0 |
| Professional fundraising services | $0 |
| Other | $124,168 |
| Balance Sheet (for 2012) | |
| Total assets | $3,005,313 |
| Total liabilities | $12,789 |
| Tax-exempt bond liabilities | $0 |
| Secured mortgages and notes payable to unrelated third parties | $0 |
| Unsecured notes and loans payable to unrelated third parties | $0 |
| Other | $12,789 |
| Total net assets or fund balances | $2,992,524 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Reason for Public Charity Status (for 2012) | |
| 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) |
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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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| Total | 288 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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