Hopkinton Public Library Foundation Inc
- Assets
- $125.7k
- Revenue
- $9.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Woodville, MA
- Founding
- 03/2012
- Data as of
- 12/2021
- EIN
- 45-3603522
Organization Overview
Hopkinton Public Library Foundation Inc is located in Woodville, MA. The organization was established in 2012. According to its NTEE Classification (B70) the organization is classified as: Libraries, 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. Hopkinton 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 12/2021, Hopkinton Public Library Foundation Inc generated $9.6k 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 (32.9%) each year. All expenses for the organization totaled $15.7k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PRINCIPAL ACTIVITIES OF THE CORPORATION SHALL BE TO SUPPORT THE EFFORT OF THE TOWN OF HOPKINTON TO RESTORE, RENOVATE AND EXPAND THE HOPKINTON PUBLIC LIBRARY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WITH THE OPENING OF THIS HISTORIC PROJECT IN OCTOBER 2017, HPLF CONTINUED TO CARRY ON ITS MISSION THROUGHOUT 2018 AND 2019 OF SUPPORTING THE LIBRARY BY AWARDING A GRANT TO THE TOWN OF HOPKINTON TO DEFRAY THE COSTS OF THE RESTORATION AND RENOVATION OF THE BUILDING. GOING FORWARD, HPLF WILL CONTINUE FUNDING RESOURCES, TECHNOLOGY, EDUCATIONAL AND SPECIAL PROJECTS, AND LONG TERM IMPROVEMENTS TO THE LIBRARY. HPLF'S FUNDRAISING EFFORTS WILL SEEK TO BRIDGE THE GAP BETWEEN THE FUNDING AVAILABLE FROM MUNICIPAL BUDGETS. WORKING IN PARTNERSHIP WITH THE LIBRARY, AS WELL AS THE SUPPORTING ORGANIZATIONS OF THE TRUSTEES AND FRIENDS OF THE LIBRARY, THE FOUNDATION ENCOURAGES CONTINUED AND INCREASED SUPPORT OF THE HOPKINTON PUBLIC LIBRARY AS A VALUABLE COMMUNITY RESOURCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Hancock Barry Clerk And Chairperson | OfficerTrustee | 1 | $0 |
Katherine Davenport Assistant Clerk | OfficerTrustee | 1 | $0 |
Craig Prescott Richardson President | OfficerTrustee | 1 | $0 |
Amanda Losada Treasurer | OfficerTrustee | 1 | $0 |
Lindsay Mcdermott Board Member | Trustee | 1 | $0 |
Pam Palleiko Board Member | Trustee | 1 | $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 | $9,579 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,579 |
| Total Program Service Revenue | $0 |
| Investment income | $57 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,636 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,069 |
| 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 | $750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,489 |
| Office expenses | $62 |
| 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 | $0 |
| Total functional expenses | $15,690 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,300 |
| Savings and temporary cash investments | $116,038 |
| Pledges and grants receivable | $5,344 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $125,682 |
| 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 | $125,682 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $125,682 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hopkinton Public Library Foundation Inc has recieved totaling $187.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $187 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Proprietors Of The Boston Athenaeum Boston, MA | $130,203,809 | $11,281,803 |
Nassau Library System Uniondale, NY | $13,078,101 | $10,576,238 |
Publishers International Linking Association Inc Lynnfield, MA | $16,437,833 | $11,352,834 |
Springfield Museums Corporation Springfield, MA | $83,263,430 | $9,886,411 |
Providence Public Library Providence, RI | $36,987,936 | $6,478,555 |
Westchester Library System Elmsford, NY | $6,787,041 | $7,508,558 |
American Antiquarian Society Worcester, MA | $122,268,688 | $9,559,298 |
John Fitzgerald Kennedy Library Foundation Incorporated Boston, MA | $64,242,661 | $9,493,249 |
Providence Community Library Providence, RI | $3,536,568 | $6,105,940 |
Emma S Clark Memorial Library Association Setauket, NY | $12,307,300 | $6,439,716 |
Proprietors Of The Social Law Library Boston, MA | $11,132,474 | $6,079,847 |
New City Library New City, NY | $17,574,056 | $6,151,626 |