Friends Of The Walpole Public Library in Walpole, Massachusetts (MA)

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Friends Of The Walpole Public Library
Employer Identification Number (EIN)042775827
Name of OrganizationFriends Of The Walpole Public Library
Address143 School St, Walpole, MA 02081-2873
ActivitiesGifts, grants, or loans to other organizations, Described in section 170(b)1)(a)(vi) of the Code, Literary activities
SubsectionCharitable Organization
Ruling Date02/1983
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
Exempt Organization StatusUnconditional Exemption
Tax Period08/2014
Assets$25,000 to $99,999
Income$25,000 to $99,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$54,636
Amount of Income$26,141
Form 990 Revenue Amount$25,835
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Single Organization Support

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Amount of income in 2014: $26,141 (it was $23,401 in 2013)
Friends Of The Walpole Public Library: 

Other organizations performing similar types of work: 


Assets in 2014: $54,636 (it was $40,719 in 2013)
This organization: 

Other organizations performing similar types of work: 


Expenses in 2014: $11,918
Friends Of The Walpole Public Library: 

Other organizations performing similar types of work: 


Income to expenses ratio in 2014: 2.2
This organization: 

Other organizations performing similar types of work: 


Grants share in income in 2014: 48.3%
Friends Of The Walpole Public Library: 

Other organizations performing similar types of work: 


Financial snapshot ($)

Revenue for 2014

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue$30,674$24,917$23,277$25,835
Contributions, gifts, grants, and similar amounts received$18,501$15,881$12,100$12,486
Program service revenue including government fees and contracts$0$0$0$0
Membership dues and assessments$7,220$5,251$5,700$5,967
Investment income$19$22$20$22
Gain/Loss from sale of assets other than inventory$0$0$0$0
Net income/loss from gaming and fundraising events$4,934$3,763$5,457$7,360
Gross income from gaming$4,973$0$5,581$7,666
Gross income from fundraising events$0$3,763$0$0
Less: direct expenses from gaming and fundraising events$39$0$124$306
Gross profit/loss from sales of inventory$0$0$0$0
Other revenue$0$0$0$0
Total expenses$14,772$15,493$21,494$11,918
Total net assets$29,512$38,936$40,719$54,636
Excess/Deficit for the year$15,902$9,424$1,783$13,917
Net assets or fund balances at beginning of year$13,610$29,512$38,936$40,719
Other changes in net assets or fund balances$0$0$0$0
Net assets or fund balances at end of year$38,936$40,719$54,636
Balance Sheets
Total assets$29,512$38,936$40,719$54,636
Total liabilities$0$0$0$0
Net assets or fund balances$29,512$38,936$40,719$54,636
Other Information
Did the organization engage in any significant activity not previously reported to the IRS?NoNoNo
Were any significant changes made to the organizing or governing documents?NoNoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNoNo
Has the organization filed a Form 990-T for the year?NoNoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNoNo
Amount of political expenditures, direct or indirect$0$0$0
Did the organization file Form 1120-POL for this year?NoNoNo
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?NoNoNo
Total amount involved$0$0$0
Initiation fees and capital contributions$0$0$0$0
Gross receipts for public use of club facilities$0$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?NoNoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNoNo
Reason for Public Charity Status (for 2014)
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 supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2010 - 2014)
2010 - 2014 Total
Public support$151,886
Gifts, grants, contributions, and membership fees received$100,304
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$51,582
Gross receipts from activities that are not an unrelated trade or business under section 513$0
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
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$151,992
Public support$151,886
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$106
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
IdNameAddressStateEstablishedTotal Income
1Wellesley Free Library Foundation Inc530 Washington St, Wellesley, MA 02482-5916MA2008-11$365,870
2Wellesley Free Library Building Fund530 Washington St, Wellesley, MA 02482-5916MA2001-05$333,379
3West Tisbury Library Foundation IncPO BOX 1238, West Tisbury, MA 02575-1238MA2010-04$251,647
4Eastham Library Building Fund IncPost Office Box 406, N Eastham, MA 02651MA2011-04$90,402
5Friends Of The Millis Library25 Auburn Road, Millis, MA 02054MA2011-03$53,054
6The Westwood Public Library 21st Century Fund Inc660 High St, Westwood, MA 02090-1630MA2007-06$41,229
7Kingston Public Library Foundation IncPo Box 183, Kingston, MA 02364MA2010-07$28,194
8Friends Of Westborough Public Library Inc55 W Main St, Westborough, MA 01581-1928MA2011-03$26,432
9The@friends Of The Ashland Public Library Inc66 Front St, Ashland, MA 01721-1647MA2000-10$24,812
10Peabody Institute Library Foundation Inc82 Main Street, Peabody, MA 01960MA2008-01$21,403
11Friends Of The Malden Public Library Inc36 Salem Street, Malden, MA 02148MA2008-07$17,882
12Friends Of The Bacon Free Library Inc58 Eliot St, Natick, MA 01760-5542MA2010-03$16,313
13Friends Of The Nevins Memorial Library Inc305 Broadway, Methuen, MA 01844MA2000-03$15,536
14Wilbraham Library Memorial Fund Inc25 Crane Park, Wilbraham, MA 01095MA1978-09$10,430
15Friends Of The Uxbridge Free Public Library Inc15 North Main Street, Uxbridge, MA 01569MA2003-07$5,672
16The Friends Of The Raynham Public Library Inc760 South Main Street, Raynham, MA 02767MA2009-09$5,652
17Friends Of The Heath Free Public Library Inc1 Main Street, Heath, MA 01346MA2006-01$5,164
18Friends Of The Adams Free Library Inc92 Park St, Adams, MA 01220MA2012-03$4,427
19The Norfolk Law Library Foundation Inc20 Eastbrook Road, Dedham, MA 02026MA2014-10$2,688
20Norwell Public Library Foundation Inc64 South Street, Norwell, MA 02061MA2005-06$110
Number of organizations performing similar types of work
District of Columbia4
North Carolina49
North Dakota2
New Hampshire27
New Jersey40
New Mexico6
New York66
Rhode Island5
South Carolina15
South Dakota5
West Virginia4
Total1,320 is not associated with, endorsed by, or sponsored by Friends Of The Walpole Public Library and has no official or unofficial affiliation with Friends Of The Walpole Public Library