Reading Public Library Foundation Inc

Organization Overview

Reading Public Library Foundation Inc is located in Reading, MA. The organization was established in 1997. According to its NTEE Classification (A70) the organization is classified as: Humanities, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reading Public Library Foundation Inc 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 12/2022, Reading Public Library Foundation Inc generated $277.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $106.6k during the year ending 12/2022. While expenses have increased by 4.5% per year over the past 8 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

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE READING PUBLIC LIBRARY FOUNDATION WAS ESTABLISHED IN 1996 TO ENHANCE LIBRARY SERVICES AND COLLECTIONS IN THE TOWN OF READING, MASSACHUSETTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DONATION TO THE READING PUBLIC LIBRARY TO DIGITIZE HISTORICAL RECORDS


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Board, Officers & Key Employees

Name (title)Compensation
Patrick
Egan, President
$0
Elise
Ciregna
$0
Amy
Coumounduros, Treasurer
$0
Bruce
Austin, Secretary
$0
Stephanie
Filipski, Director
$0
Lynne
Cameron, Director
$0

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$74,488
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$74,488
Total Program Service Revenue$0
Investment income $78,700
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $123,932
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $277,120

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Reading Public Library Foundation Inc has recieved totaling $7,649.

Awarding OrganizationAmount
Helen A Nigro Foundation

Newburyport, MA

PURPOSE: UNRESTRICTED CONTRIBUTION

$5,000
The Bruce And Barbara Austin Family Foundation

Reading, MA

PURPOSE: GENERAL GRANT

$2,500
Analog Devices Foundation

Boston, MA

PURPOSE: GENERAL SUPPORT

$100
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$49
View Grant Recipient Profile

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