Weymouth Libraries Foundation Inc
- Assets
- $230.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Weymouth, MA
- Founding
- Data as of
- 12/2023
- EIN
- 87-1692973
Organization Overview
Weymouth Libraries Foundation Inc is located in Weymouth, MA. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Weymouth Libraries 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 12/2023, Weymouth Libraries Foundation Inc generated $24.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (64.1%) each year. All expenses for the organization totaled $3.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TO SUSTAIN AND ENRICH THE QUALITY OF THE TOWN OF WEYMOUTH PUBLIC LIBRARIES' SERVICES, MATERIALS, AND PROGRAMS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Tallon President | 0 | $0 | |
Jamar Green Treasurer | 0 | $0 | |
Nicholas Bulens Clerk | 0 | $0 | |
Julie Hackett Vice Preside | 0 | $0 | |
Kerry Hynes Director | 0 | $0 | |
Paul Watanabe Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,571 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1,404 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $23,975 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,852 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,831 |
| Total expenses | $3,683 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $230,616 |
| Other assets | $0 |
| Total assets | $230,616 |
| Total liabilities | $0 |
| Net assets or fund balances | $230,616 |