Friends of Summit Free Public Library

Nonprofit profile at a glance

EIN
463184101
IRS 990-PF coverage
2014–2025
Forms available
Form 990-PF 2025
Location
Summit, NJ, USA
Phone
9082730350
Rating
58
Verdict
MIXED
Rating confidence
Moderate
Sector
Libraries

Reported finances

Revenue
$38,318
Expenses
$58,304

Source: IRS Form 990-PF. Selected filing: tax year 2025. Amounts in USD.

Overview

Mission

Libraries

What it reported funding in 2025

The foundation reported 1 filed grant row totaling $55,000. The stated grant purpose was for library programs acquisitions.

Operating model

Revenue model
Other-operating. 93% of the foundation's positive operating resources came from other operating revenue.
Distribution model
No current program activity. The filing reports no charitable disbursements for the current year.

The verdict

MIXED - The filing identifies who received its grants and a large share of spending goes to grants. Assets provide a limited cushion relative to annual grants.

Rating breakdown

  • Grant Deployment: NotEnoughData
  • Cost Efficiency: 94
  • Transparency: 100
  • Compliance: 79
  • Endowment Health: 34

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: Limited

Cost Efficiency

  • Grant expense ratio: 94.3%; rating input score 94; 78th percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Foundation activity disclosures: 11 of 19 controls in place; rating input score 58
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Pass
    • Compensation paid to a disqualified person: Pass
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Pass
    • Uncorrected prior self-dealing: Pass
    • Prior-year undistributed income: Pass
    • Excess business holdings: Pass
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Missing
    • Attempt to influence an election: Missing
    • Individual grants for travel, study or similar purposes: Missing
    • Grants outside qualifying charitable organization categories: Missing
    • Spending for a noncharitable purpose: Missing
    • Funds received for a personal-benefit contract: Missing
    • Premiums paid on a personal-benefit contract: Missing
    • Prohibited tax-shelter transaction: Missing
  • Filing consistency checks: 10; rating input score 100

Endowment Health

  • Endowment-health comparison: 0.25; rating input score 34; 34th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: Filed payout detail
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 34th percentile for endowment coverage
  • Consistency: 10 of 10 current checks pass
  • Filing history: 8 filing years from 2014 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Endowment Health: Endowment-health comparison scored 34/100.