Friends Of Waltham Public Library Inc in Waltham, Massachusetts (MA)

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Friends Of Waltham Public Library Inc
Employer Identification Number (EIN)222721692
Name of OrganizationFriends Of Waltham Public Library Inc
Address735 Main St, Waltham, MA 02451-0610
ActivitiesLibrary
SubsectionCharitable Organization
Ruling Date08/1986
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2012
Assets$1,000,000 to $4,999,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$1,370,330
Amount of Income$251,158
Form 990 Revenue Amount$122,222
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities:


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Amount of income in 2012: $251,158
Friends Of Waltham Public Library Inc: 

 $251,158
Other organizations performing similar types of work: 

 $115,905

Assets in 2012: $1,370,330
This organization: 

 $1,370,330
Other organizations performing similar types of work: 

 $403,350

Expenses in 2007: $104,659
Friends Of Waltham Public Library Inc: 

 $104,659
Other organizations performing similar types of work: 

 $104,659

Income to expenses ratio in 2007: 1.5
This organization: 

 1.5
Other organizations performing similar types of work: 

 1.5

Expenses allocated to program services in 2007: 88.1%
Friends Of Waltham Public Library Inc: 

 88.1%
Other organizations performing similar types of work: 

 90.5%

Grants share in income in 2007: 13.4%
This organization: 

 13.4%
Other organizations performing similar types of work: 

 12.5%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Expenses for 2007

Functional Expenses for 2007 ($)

Income-Producing Activities for 2007

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2001200220062007
Total revenue$131,667$153,730$146,330$153,509
Contributions, gifts, grants, and similar amounts received$12,179$19,896$20,835$20,535
Contributions to donor advised funds$0$0
Direct public support$12,179$19,896$20,835$20,535
Indirect public support$0$0$0$0
Government contributions (grants)$0$0$0$0
Program service revenue including government fees and contracts$0$0$0$0
Membership dues and assessments$5,065$4,450$4,275$4,081
Interest on savings and temporary cash investments$18,983$16,948$34,467$40,400
Dividends and interest from securities$0$0$0$0
Net rental income or (loss)$0$0$0$0
Gross rents$0$0$0$0
Less: rental expenses$0$0$0$0
Other investment income$0$0$0$0
Gain or (loss) from sales of assets other than inventory$-20,979$0$16,315$19,834
Gross amount from sales of assets other than inventory$23,845$0$109,404$68,675
Less: cost or other basis and sales expenses$44,824$0$93,089$48,841
Net income or (loss) from special events and activities$0$0$0$0
Gross revenue$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0
Gross profit or (loss) from sales of inventory$110,414$108,374$68,354$66,171
Gross sales of inventory, less returns and allowances$149,977$159,197$129,182$129,747
Less: cost of goods sold$39,563$50,823$60,828$63,576
Other revenue$6,005$4,062$2,084$2,488
Total expenses$52,121$43,084$67,145$104,659
Program services$48,998$39,130$61,044$92,214
Management and general$2,200$2,200$4,650$5,200
Fundraising$923$1,754$1,451$7,245
Payments to affiliates$0$0$0$0
Net assets or fund balances at end of year$547,649$654,805$1,155,449$1,118,143
Excess or (deficit) for the year$79,546$110,646$79,185$48,850
Net assets or fund balances at beginning of year$477,156$547,649$993,878$1,155,449
Other changes in net assets or fund balances$-9,053$-3,490$82,386$-86,156
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$104,659$92,214$5,200$7,245
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$0$0$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$5,200$0$5,200$0
Legal fees$0$0$0$0
Supplies$0$0$0$0
Telephone$0$0$0$0
Postage and shipping$1,175$1,175$0$0
Occupancy$0$0$0$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$3,745$3,745$0$0
Travel$0$0$0$0
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$0$0$0$0
Other expenses not covered above$94,539$87,294$0$7,245
Balance Sheets
2001200220062007
Total assets$547,649$654,805$1,162,134$1,137,256
Cash - non-interest-bearing$0$0$0$0
Savings and temporary cash investments$144,635$240,158$290,638$300,151
Accounts receivable less allowance for doubtful accounts$0$0$0$0
Pledges receivable less allowance for doubtful accounts$0$0$0$0
Grants receivable$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0
Inventories for sale or use$0$0$0$0
Prepaid expenses and deferred charges$0$0$0$0
Investments - publicly-traded securities$871,496$837,105
Investments - other securities$403,014$414,647$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0
Investments - other$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$0$0$0$0
Other assets, including program-related investments$0$0$0$0
Total liabilities$0$0$6,685$19,113
Accounts payable and accrued expenses$0$0$6,685$19,113
Grants payable$0$0$0$0
Deferred revenue$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0
Mortgages and other notes payable$0$0$0$0
Other liabilities$0$0$0$0
Total liabilities and net assets/fund balances$547,649$654,805$1,162,134$1,137,256
Total net assets or fund balances$547,649$654,805$1,155,449$1,118,143
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2001200220062007
Total revenue$0$0$146,330$153,509
Total revenue, gains, and other support per audited financial statements$0$0$146,330$153,509
Other expenses$0$0$0$0
Net unrealized gains on investments$0$0$0$0
Donated services and use of facilities$0$0$0$0
Recoveries of prior year grants$0$0$0$0
Other$0$0$0$0
Other revenue$0$0$0$0
Investment expenses$0$0$0$0
Other$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2001200220062007
Total expenses$0$0$67,145$104,659
Total expenses and losses per audited financial statements$0$0$67,145$104,659
Other revenue$0$0$0$0
Donated services and use of facilities$0$0$0$0
Prior year adjustments$0$0$0$0
Losses$0$0$0$0
Other$0$0$0$0
Other expenses$0$0$0$0
Investment expenses$0$0$0$0
Other$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?No
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$60,234$72,740
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$4,081
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$40,400$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$19,834$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$66,171
Other revenue000000$000$0$2,488
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
Enter the total number of donor advised funds owned at the end of the tax year$0
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isNot controlled by disqualified persons/supports non private foundation
Type of supporting organizationType I
Support Schedule
2000200120052006
Total$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0
Membership fees received$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0
Other income$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$159,465
Contributions, Gifts, Grants and Other Similar Amounts$22,708
Program Service Revenue$4,255
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$27,519
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$36,055
Gross amount from sales of assets other than inventory (Securities / Other)$178,672 / $7,707
Less: cost or other basis and sales expenses (Securities / Other)$150,324 / $0
Gain or (loss) (Securities / Other)$28,348 / $7,707
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$63,171
Gross sales of inventory, less returns and allowances$110,160
Less: cost of goods sold$46,989
Miscellaneous Revenue$5,757
Statement of Functional Expenses (for 2011)
Total functional expenses$67,644
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Other$67,644
Balance Sheet (for 2011)
Total assets$1,352,277
Total liabilities$10,602
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$10,602
Total net assets or fund balances$1,341,675
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2)
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Friends Of The Sacramento Public Library828 I St, Sacramento, CA 95814-2508CA1985-01$1,279,531
2Friends Of Waltham Public Library Inc735 Main St, Waltham, MA 02451-0610MA1986-08$251,158
3Forsyth Library Friends IncPO BOX 522, Forsyth, MO 65653-0522MO1983-07$47,327
4Midwest Collaborative For Library Services Inc1407 Rensen St Ste 1, Lansing, MI 48910-3657MI1975-07$32,224,238
5Hartford Public Library Excluding Operating Fund500 Main St, Hartford, CT 06103-3003CT1935-04$16,913,696
6Memorial & Library Association44 Broad St, Westerly, RI 02891-1856RI1944-07$6,921,570
7Chicago Public Library Foundation20 North Michigan Ave, Chicago, IL 60602-4811IL1987-07$6,640,066
8Broward Public Library Foundation100 S Andrews Ave Eighth Floor, Fort Lauderdale, FL 33301-1830FL1983-04$3,819,290
9Friends Of The Dallas Public Library Inc1515 Young St, Dallas, TX 75201-5411TX1951-09$3,295,922
10Cedar Rapids Public Library Foundation2600 Edgewood Rd Sw, Cedar Rapids, IA 52404-7818IA1974-01$2,991,061
11King County Library System Foundation960 Newport Way Nw, Issaquah, WA 98027-2702WA1995-05$1,842,618
12Friends Of The Snow Library IncPO BOX 481, Orleans, MA 02653-0481MA1973-11$1,332,168
13Friends Of The Granby Free Public Library Inc1 Library Ln, Granby, MA 01033-9451MA1983-10$111,838
14Friends Of The Sandwich Public Library Inc142 Main St, Sandwich, MA 02563-2232MA1984-08$87,770
15Friends Of The Wellesley Free Libraries Inc530 Washington St, Wellesley, MA 02482-5916MA1982-02$52,622
16Chelmsford Friends Of The Library25 Boston Rd, Chelmsford, MA 01824-3012MA1993-08$51,421
17Brockton Library Foundation IncPO BOX 202, Brockton, MA 02303-0202MA1993-07$25,421
18Friends Of Brooks Free Library Inc739 Main St, Harwich, MA 02645-2752MA1998-07$22,245
19Friends Of The Topsfield Library IncSouth Common, Topsfield, MA 01983MA1987-05$22,186
20Friends Of The Dover LibraryPO BOX 669, Dover, MA 02030-0669MA1982-11$17,465
Number of organizations performing similar types of work
Alaska1
Alabama2
Arkansas4
Arizona2
California33
Colorado2
Connecticut3
Delaware1
Florida21
Georgia9
Iowa6
Idaho1
Illinois4
Indiana1
Kansas2
Kentucky5
Louisiana1
Massachusetts13
Maryland3
Maine3
Michigan19
Minnesota4
Missouri7
Mississippi1
Montana3
North Carolina4
North Dakota1
Nebraska2
New Hampshire2
New Jersey10
New Mexico1
New York13
Ohio16
Oklahoma2
Oregon7
Pennsylvania13
Rhode Island1
South Carolina6
South Dakota1
Tennessee8
Texas24
Utah1
Virginia10
Washington5
Wisconsin7
West Virginia1
Wyoming2
Total288

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