Friends Of The Belmont Public Library Incorporated in Belmont, Massachusetts (MA)
Table of contents:
| Friends Of The Belmont Public Library Incorporated | |
| Employer Identification Number (EIN) | 223113684 |
| Name of Organization | Friends Of The Belmont Public Library Incorporated |
| In Care of Name | Treasurer |
| Address | 336 Concord Ave, Belmont, MA 02478-3032 |
| Activities | Library |
| Subsection | Charitable Organization |
| Ruling Date | 01/1995 |
| 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 | 08/2014 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $134,622 |
| Amount of Income | $59,038 |
| Form 990 Revenue Amount | $47,948 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Libraries |
Non-representatives - add comments:
Amount of income in 2014: $59,038 (it was $52,164 in 2013)
| This organization: | $59,038 |
| Other organizations performing similar types of work: | $82,335 |
Assets in 2014: $134,622 (it was $129,197 in 2013)
| This organization: | $134,622 |
| Other organizations performing similar types of work: | $207,548 |
Expenses in 2013: $39,534
| Friends Of The Belmont Public Library Incorporated: | $39,534 |
| Other organizations performing similar types of work: | $60,338 |
Income to expenses ratio in 2013: 1.5
| This organization: | 1.5 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2013: 12.2%
| This organization: | 12.2% |
| Other organizations performing similar types of work: | 7.7% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
| 2012 | 2013 | |
|---|---|---|
| Total revenue | $52,635 | $52,164 |
| Contributions, gifts, grants, and similar amounts received | $6,541 | $6,384 |
| Program service revenue including government fees and contracts | $0 | $0 |
| Membership dues and assessments | $17,934 | $17,560 |
| Investment income | $486 | $446 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 |
| Gross profit/loss from sales of inventory | $27,674 | $27,774 |
| Gross sales of inventory, less returns and allowances | $45,475 | $44,678 |
| Less: cost of goods sold | $17,801 | $16,904 |
| Other revenue | $0 | $0 |
| Total expenses | $43,441 | $39,534 |
| Total net assets | $116,567 | $129,197 |
| Excess/Deficit for the year | $9,194 | $12,630 |
| Net assets or fund balances at beginning of year | $107,373 | $116,567 |
| Other changes in net assets or fund balances | $0 | $0 |
| Net assets or fund balances at end of year | $116,567 | $129,197 |
| Balance Sheets | ||
| 2012 | 2013 | |
|---|---|---|
| Total assets | $116,567 | $129,197 |
| Total liabilities | $0 | $0 |
| Net assets or fund balances | $116,567 | $129,197 |
| Other Information | ||
| 2012 | 2013 | |
|---|---|---|
| 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 |
| 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 |
| 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 | 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 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $312,055 |
| Subtotal | $312,055 |
| Gifts, grants, contributions, and membership fees received | $78,622 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $84,828 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $148,605 |
| 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 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $314,657 |
| Public support | $312,055 |
| Subtotal | $2,602 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $2,602 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | The Covington Memorial Foundation For The George S Houston Library O | 1 W 4th St 4th Fl Mac D4000-041, Winston Salem, NC 27101-3818 | NC | 1981-07 | $284,583 |
| 2 | Royalton Memorial Libary Assoc | PO BOX 179, S Royalton, VT 05068-0179 | VT | 1997-07 | $82,335 |
| 3 | The Friends Of The Pohick Regional Library | 6450 Sydenstricker Rd, Burke, VA 22015-4273 | VA | 1998-01 | $79,511 |
| 4 | Washington County Public Library Foundation Inc | Oak Hill And Valley St, Abingdon, VA 24210 | VA | 1997-02 | $75,878 |
| 5 | Friends Of The Belmont Public Library Incorporated | 336 Concord Ave, Belmont, MA 02478-3032 | MA | 1995-01 | $59,038 |
| 6 | Friends Of The Temple Terrace Library | 202 Bullard Pkwy, Temple Ter, FL 33617-5512 | FL | 1997-07 | $28,556 |
| 7 | Wm B Houston Trust No 505-112 For L, 10265051128 | PO BOX 185, Pittsburgh, PA 15230-0185 | PA | 1900-12 | $21,086 |
| 8 | Pawnee City Public Library Foundation | Po Box 311, Pawnee City, NE 68420 | NE | 1992-07 | $16,165 |
| 9 | Bloomfield Library Foundation Incorporated | PO BOX 548, Bloomfield, NE 68718 | NE | 1997-02 | $0 |
| 10 | Cozad Library Foundation | 910 Meridian Avenue, Cozad, NE 69130 | NE | 1995-11 | $0 |
| 11 | Friends Of Johnson Branch Library Inc | Po Box 1061, St Petersburg, FL 33731 | FL | 1991-08 | $0 |
| 12 | Friends Of The Craig-Moffat County Library Inc A Co Non-Profit Corp | 570 Green Street, Craig, CO 81625 | CO | 1998-01 | $0 |
| 13 | Friends Of The Frank B Koller Memorial Library Inc | Po Box 100, Manitowish Waters, WI 54545 | WI | 1988-10 | $0 |
| 14 | Friends Of The Langley Library | Po Box 365, Langley, WA 98260 | WA | 1924-06 | $0 |
| 15 | Friends Of The Library Of Arizona City | Po Box 118, Arizona City, AZ 85123 | AZ | 1995-04 | $0 |
| 16 | Friends Of The Red Wing Public Library | 225 East Ave, Red Wing, MN 55066 | MN | 1992-11 | $0 |
| 17 | Friends Of The Solon Public Library | 4228 180th St, Solon, IA 52333 | IA | 1992-07 | $0 |
| 18 | Friends Of The South Orange Public Library Inc | 75 Main St, Millburn, NJ 07041-1367 | NJ | 1993-05 | $0 |
| 19 | Friends Of The Truro Libraries Inc | PO BOX 357, North Truro, MA 02652 | MA | 1993-09 | $0 |
| 20 | Friends Of The Wakarusa Harrison Township Olive Township Public | Po Box 485 124 N Elkhart Street, Wakarusa, IN 46573 | IN | 1997-11 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 36 | ||||||||||||||||||||||||||||||||||||||||||||||
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