Friends of the Needham Public Library

Nonprofit profile at a glance

EIN
042608078
IRS 990-EZ coverage
2018–2024
Forms available
Form 990-EZ 2024
Location
Needham, MA, USA
Phone
7814557559
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$107,606
Expenses
$82,314
Assets
$174,543

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

24 people listed

Executive titles in this filing

  • BRUCE BARNETT (PRESIDENT)

People named in this filing

  • SUSAN CHERN (DIRECTOR)
  • JOHN LECHNER (CORRES. SECR)
  • LOIS BACON (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The friends of the needham public library is a 501(c)(3) nonprofit whose purpose lies in advancing the goals and enriching the resources of the needham free public library. The friends support for the library includes supplementing the towns budget for the purchase of materials, equipment, and museum passes, as well as planning and supporting various programs of enrichment throughout the year.

What it reported doing in 2024

The friends support for the library includes supplementing the towns budget for the purchase of materials, equipment, and museum passes, as well as planning and supporting various programs of enrichment throughout the year.

Operating model

Revenue model
Earned-program. 77% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 64
  • Transparency & Controls: 82
  • Sustainability: 68
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 56.3%; rating input score 56
  • Program expense ratio: 77.1%; rating input score 77

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 23.5%; rating input score 78; 78th percentile among comparable filings
  • Total-asset coverage ratio: 2.12; rating input score 82; 82nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: -1.9% per year; rating input score 0; 25th percentile among comparable filings
  • Revenue growth: 4.1% per year; rating input score 100; 43rd percentile among comparable filings
  • Asset growth: -0.9% per year; rating input score 0; 25th percentile among comparable filings

Details

  • Where the money goes: 56.3% of revenue deployed · 77.1% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $64K in reported program spending
  • Leadership: top reported pay $0 · 24 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 7 filing years from 2018 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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.

  • Review — Financial Efficiency: Mission deployment rate scored 56/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.