Friends Of The Wells-Turner Mem Library Inc in Glastonbury, Connecticut (CT)

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Friends Of The Wells-Turner Mem Library Inc
Employer Identification Number (EIN)237299366
Name of OrganizationFriends Of The Wells-Turner Mem Library Inc
Address2407 Main St, Glastonbury, CT 06033-4616
Activities"Unspecified"
SubsectionEducational Organization
Ruling Date06/1928
DeductibilityContributions are deductible
FoundationSuspense
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period05/2014
Assets$100,000 to $499,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$352,242
Amount of Income$56,625
Form 990 Revenue Amount$56,625


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Financial snapshot ($)

Revenue for 2014

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201220132014
Total revenue$53,910$56,625
Contributions, gifts, grants, and similar amounts received$6,795$6,019
Program service revenue including government fees and contracts$47,079$49,600
Membership dues and assessments$0$0
Investment income$36$823
Gain/Loss from sale of assets other than inventory$0$0
Net income/loss from gaming and fundraising events$0$0$0
Gross profit/loss from sales of inventory$0$0
Other revenue$0$183
Total expenses$63,408$91,030
Total net assets$112,393$352,242
Excess/Deficit for the year$-9,498$-34,405
Net assets or fund balances at beginning of year$121,891$385,086
Other changes in net assets or fund balances$0$1,561
Net assets or fund balances at end of year$352,242
Balance Sheets
201220132014
Total assets$112,905$385,086$352,242
Total liabilities$512$0$0
Net assets or fund balances$112,393$352,242
Other Information
201220132014
Did the organization engage in any significant activity not previously reported to the IRS?No
Were any significant changes made to the organizing or governing documents?No
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?No
Amount of political expenditures, direct or indirect$0
Did the organization file Form 1120-POL for this year?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
Total amount involved$0
Initiation fees and capital contributions$0$0
Gross receipts for public use of club facilities$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
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
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 supported0
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$298,656
Subtotal Support$298,656
Gifts, grants, contributions, and membership fees received$298,656
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$299,121
Public Support$298,656
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$282
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$183
Gross receipts from related activities, etc.$50,423
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