Hanson Public Library Foundationinc
- Assets
- $575.4k
- Revenue
- $49.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Hanson, MA
- Founding
- 09/2006
- Data as of
- 12/2023
- EIN
- 20-4643321
Organization Overview
Hanson Public Library Foundationinc is located in Hanson, MA. The organization was established in 2006. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hanson Public Library Foundationinc 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 12/2023, Hanson Public Library Foundationinc generated $49.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (24.9%) each year. All expenses for the organization totaled $26.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP THE HANSON PUBLIC LIBRARY REACH A HIGHER STANDARD OF EXCELLENCE BY ENHANCING LIBRARY SERVICES AND SUPPLEMENTING FUNDS RECEIVED FROM PUBLIC SOURCES WITH PRIVATE FINANCIAL SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED FUNDING FOR LIBRARY SUPPORT TO FUND LIVE CONCERTS, HALF-DAY HANGOUT PROGRAMS FOR MIDDLE SCHOOL STUDENTS, LIBRARY PROGRAMS, AUTHOR TALKS, HOTSPOTS FOR CHECKOUT, MAILING OF LIBRARY NEWSLETTER, BOOKS FOR LIBRARY COLLECTION, QUILT WORKSHOP, MEMORY CARE KITS, CODING ROBOT, MATERIALS FOR ADOPT A READING BUDDY, MAKERSPACE CART AND 1000 BOOKS BEFORE KINDERGARTEN.
SPONSORED 18TH ANNUAL LIBRARY OPEN HOUSE FEATURING LIVE ANIMAL SHOW, MARIO CHARACTER VISIT, MARK DAVIS ON PIANO, LIGHT REFRESHEMENTS, 8TH ANNUAL ART SHOW.
HIRED LIBRARY CONSULTANT RUTH KOWAL TO ASSIST IN CREATING A "STRATEGIC PLAN AND LIBRARY BUILDING PROGRAM", TWO REQUIREMENTS FOR THE LIBRARY TO APPLY FOR THE MA PUBLIC LIBRARY CONSTRUCTION PROGRAM (MPLCP) GRANT APPLICATION SUBMITTED BY THE LIBRARY IN MAY 2024.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Wall Treasurer | OfficerTrustee | 3 | $0 |
Nancy Myers Director | Trustee | 1 | $0 |
Dianna Mcdevitt Recording Secretary | OfficerTrustee | 3 | $0 |
Corinne Cafardo Director | Trustee | 1 | $0 |
Jennifer Hickey Clerk | OfficerTrustee | 3 | $0 |
Teresa Santalucia Vice President | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,847 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,547 |
| Total Program Service Revenue | $0 |
| Investment income | $13,698 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,605 |
| Net Income from Fundraising Events | $4,958 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $49,808 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $54 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $3,337 |
| Total functional expenses | $26,152 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,882 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $562,545 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $575,427 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $575,427 |
| Total liabilities and net assets/fund balances | $575,427 |