Nonprofit · EIN 04-3783995
LIBRARY FOUNDATION OF NEEDHAM INC
Tax-exempt · NEEDHAM, MA 02494
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $164,778 | $43,722 | $121,056 | $2,200,100 | $0 | $2,200,100 |
| June 30, 2024 | 990 | $108,215 | $47,351 | $60,864 | $1,985,238 | $0 | $1,985,238 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $36,004
- Program service revenue
- $0
- Investment income
- $128,774
- Net gain from sales of assets
- $71,789
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $19,703
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $19,703
- Management and general (functional)
- $20,474
- Fundraising (functional)
- $3,545
Balance sheet and other
- Total assets, start of year
- $1,985,238
- Total assets, end of year
- $2,200,100
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,200,100
- Publicly traded securities
- $2,180,248
- Net assets without donor restrictions
- $2,200,100
- Gross receipts
- $164,778
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2004
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GRAEFF ERHARDT | DIRECTOR Trustee or director | 1 | $0 |
| GENEVIEVE HAMMOND | DIRECTOR Trustee or director | 1 | $0 |
| LOUISE MILLER | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL O'LEARY | DIRECTOR Trustee or director | 1 | $0 |
| LESLIE RENZULLI | DIRECTOR Trustee or director | 1 | $0 |
| DEBRA STEELE | DIRECTOR Trustee or director | 1 | $0 |
| KATHRYN D'ADDESIO | PRESIDENT AND DIRECTOR Officer | 5 | $0 |
| STEPHEN WALLACK | TREASURER AND DIRECTOR Officer | 2 | $0 |
| KATHY WHITNEY | CLERK AND DIRECTOR Officer | 1 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATHY D'ADDESIO | PRESIDENT Officer | 0.5 | $0 |
| JAMES REULBACH | VICE PRESIDENT Officer | 1 | $0 |
| STEPHEN SHUSTERMAN | TREASURER Officer | 3 | $0 |
| KATHY WHITNEY | CLERK Officer | 0.5 | $0 |
| JONATHAN B HRUSKA | DIRECTOR Trustee or director | 0.5 | $0 |
| LESLIE RENZULLI | DIRECTOR Trustee or director | 0.5 | $0 |
| LOUISE MILLER | DIRECTOR Trustee or director | 0.5 | $0 |
| MIKE O'LEARY | DIRECTOR Trustee or director | 0.5 | $0 |
| DEBRA STEELE | DIRECTOR Trustee or director | 0.5 | $0 |
| JOAN SMITH | DIRECTOR Trustee or director | 0.5 | $0 |
| SUE YOUNG | DIRECTOR Trustee or director | 0.5 | $0 |
| JAY FIALKOV | LIAISON, LIBRARY BOARD OF TRUSTEES Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 1139 HIGHLAND AVE, NEEDHAM, MA 02494-3268
- In care of
- % LOIS BACON
- Principal officer (990 for 2024)
- STEPHEN WALLACK, 1139 HIGHLAND AVENUE, NEEDHAM, MA 02494
- Signed the 990
- STEPHEN WALLACK, TREASURER
- Phone
- (781) 455-7559
- Website
- HTTPS://WWW.LFNONLINE.ORG
- Return prepared by
- KENNETH J RAFFOL CPA
Mission
THE LIBRARY FOUNDATION OF NEEDHAM ENCOURAGES COMMUNITY INVESTMENTS THROUGH INDIVIDUAL AND CORPORATE GIVING FOR LIBRARY FOUNDATION PROGRAMS AND SERVICES NOT PROVIDED FOR IN THE TOWN FUNDED BUDGET AND COORDINATES FUNDRAISING AND PROMOTIONAL ACTIVITIES TO INCREASE THE ENDOWMENT AND RESPONSIBLY MANAGE AND GROW THE FUNDS.
Program accomplishments
- THE LIBRARY FOUNDATION OF NEEDHAM PROVIDES ADDITIONAL FUNDING BEYOND THE TOWN BUDGET WHICH ALLOWS FOR INCREASED PROGRAM OFFERINGS, EXPANSION OF THE COLLECTION, AND PURCHASE OF SPECIAL EQUIPMENT AND SERVICES.Expenses $19,703 · grants $19,703 · revenue $71,789
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 04-3783995
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type III functionally integrated
- Exempt since
- 2026
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B70)
- Assets (IRS master file)
- $2,200,100
- Income (IRS master file)
- $164,778
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $164,778 | $43,722 | $2,200,100 | IRS |
| 990 | June 2024 | $108,215 | $47,351 | $1,985,238 | XML |
| 990 | June 2023 | $111,644 | $88,508 | $1,784,968 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-3783995).
Questions about LIBRARY FOUNDATION OF NEEDHAM INC
- What is the EIN of LIBRARY FOUNDATION OF NEEDHAM INC?
- The employer identification number (EIN) of LIBRARY FOUNDATION OF NEEDHAM INC is 04-3783995.
- Is LIBRARY FOUNDATION OF NEEDHAM INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2026.
- Which annual return does LIBRARY FOUNDATION OF NEEDHAM INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LIBRARY FOUNDATION OF NEEDHAM INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LIBRARY FOUNDATION OF NEEDHAM INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of LIBRARY FOUNDATION OF NEEDHAM INC?
- The 990 for the year ended June 30, 2025 names STEPHEN WALLACK.
- Who are the officers and directors of LIBRARY FOUNDATION OF NEEDHAM INC?
- The 990 for the year ended June 30, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does LIBRARY FOUNDATION OF NEEDHAM INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $164,778, expenses of $43,722 and total assets of $2,200,100 at year end.
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