Nevins Memorial

Organization Overview

Nevins Memorial is located in Methuen, MA. The organization was established in 1940. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 12/2021, Nevins Memorial employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nevins Memorial is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Nevins Memorial generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 3.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SPONSOR READING, LITERCY AND CULTURAL ACTIVITIES FOR ALL AGES AND PROVIDE COMPUTER ACCESS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

COLLABORATE WITH THE METHUEN SCHOOLS ND OTHER ORGANIZATIONS TO ENHANCE LITERACY FOR ALL METHUEN RESIDENTS


TO REMAIN IN ITS TECHNOLOGY OFFERINGS BY PURCHASING AND UODATING OF HARDWARE AND SOFTWARE TO ENSURE THE CAPACITY TO SATISFY THE DEMNDS OF TECHNOLOGICAL DVANCEMENT


COLLABORATE WITH THE METHUEN PUBLIC SCHOOLS TO ENHANCE THE EXPERIENCE OF READING FOR ALL METHUEN CHILDREN AND TO PROVIED AN ARRAY OF CHOICES FOR STUDENTS AND ADULTS THROUGH BOOK AND AUTHOR SERIES


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$41,709
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$41,709
Total Program Service Revenue$0
Investment income $151,677
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $410,088
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,503,528

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