Abbott Library Foundation
- Assets
- $87.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Sunapee, NH
- Founding
- 12/2011
- Data as of
- 12/2021
- EIN
- 45-3253595
Organization Overview
Abbott Library Foundation is located in Sunapee, NH. The organization was established in 2011. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Abbott Library Foundation 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, Abbott Library Foundation generated $32.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $2.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (38.2%) per year over the past 6 years. 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
2021
Describe the Organization's Program Activity:
Part 3
WE MADE NO GRANTS THIS YEAR BUT ARE IN DISCUSSION FOR PROJECTS IN 2022
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arlene Adams President | 2 | $0 | |
Thomas Eliassen Treasurer | 2 | $0 | |
Diane Keene Director | 2 | $0 | |
Suzanne Tether Director | 1 | $0 | |
Michael Parker Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,426 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $32,426 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $718 |
| Other expenses | $2,130 |
| Total expenses | $2,848 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $87,884 |
| Other assets | $0 |
| Total assets | $87,884 |
| Total liabilities | $0 |
| Net assets or fund balances | $87,884 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Abbott Library Foundation has recieved totaling $12,090.
| Awarding Organization | Amount |
|---|---|
Burkehaven Family Foundation West Roxbury, MA PURPOSE: GENERAL CHARITABLE SUPPORT | $10,000 |
Dulude Family Foundation Inc Kirkland, WA PURPOSE: TO SUPPORT LIBRARY RESOURCES SERVICES AND FACILITIES | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $90 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Five Colleges Incorporated Amherst, MA | $34,378,872 | $10,361,692 |
Davis Educational Foundation Yarmouth, ME | $128,309,090 | $9,135,716 |
Edvestors Inc Boston, MA | $7,547,722 | $6,626,116 |
University Of Massachusetts Amherst Foundation Inc Amherst, MA | $444,765 | $4,647,084 |
The Foundation For Maine Community Colleges South Portland, ME | $20,354,624 | $16,834,487 |
Colleges Of The Fenway Inc Boston, MA | $2,185,808 | $3,391,720 |
Wcs - 381 Plantation Street Inc Shrewsbury, MA | $16,538,126 | $4,615,969 |
Suffolk Cares Charitable Foundation Inc Boston, MA | $3,379,483 | $3,377,974 |
Wcs - 377 Plantation Street Inc Shrewsbury, MA | $13,502,481 | $3,150,607 |
Assistments Foundation Inc Auburn, MA | $1,118,633 | $2,251,473 |
Van Otterloo Family Foundation Marblehead, MA | $51,266,460 | $3,136,596 |
Global Learning Charter Public School Foundation Inc New Bedford, MA | $39,206 | $2,289,881 |