Nonprofit · EIN 04-6004208
TRUSTEES OF THE FORBES LIBRARY
Tax-exempt · NORTHAMPTON, MA 01060
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $3,180,831 | $2,593,539 | $587,292 | $11,414,897 | $248,769 | $11,166,128 |
| June 30, 2024 | 990 | $2,424,704 | $1,960,361 | $464,343 | $10,405,882 | $233,895 | $10,171,987 |
| June 30, 2023 | 990 | $2,601,293 | $2,444,011 | $157,282 | $9,669,095 | $263,144 | $9,405,951 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,852,058
- of which government grants
- $2,420,837
- Program service revenue
- $14,737
- Investment income
- $313,212
- Net income from sales of inventory
- $824
- Other revenue
- $824
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $86,166
- Other salaries and wages
- $1,280,271
- Salaries, compensation and benefits (total)
- $1,976,575
- Professional fundraising fees
- $0
- Legal fees
- $1,075
- Accounting fees
- $10,500
- Occupancy
- $130,323
- Travel
- $13,473
- Program services (functional)
- $2,097,211
- Management and general (functional)
- $470,794
- Fundraising (functional)
- $25,534
Balance sheet and other
- Total assets, start of year
- $10,405,882
- Total assets, end of year
- $11,414,897
- Total liabilities, end of year
- $248,769
- Net assets, end of year
- $11,166,128
- Land, buildings and equipment
- $3,683,908
- Publicly traded securities
- $7,345,920
- Net assets without donor restrictions
- $7,533,381
- Net assets with donor restrictions
- $3,632,747
- Gross receipts
- $3,187,878
- Employees
- 41
- Volunteers
- 170
- Year formed
- 1894
- 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 |
|---|---|---|---|
| Lisa Downing | Executive Dir. Officer | 40 | $86,165 |
| Elizabeth Sheirer | Secretary Trustee or director, Officer | 3 | $3,385 |
| Katy E Wight | President Trustee or director, Officer | 3 | $0 |
| Frederick Kass | Trustee Trustee or director | 3 | $0 |
| Anne F Teschner | Trustee Trustee or director | 3 | $0 |
| Ruth Francis | Trustee Trustee or director | 3 | $0 |
| Michelle Ruocco | Trustee Trustee or director | 3 | $0 |
| Rebekah Anderson | Trustee Trustee or director | 3 | $0 |
| Doug Wheat | Treasurer Trustee or director, Officer | 3 | $0 |
| Lolan Sevilla | Trustee Trustee or director | 3 | $0 |
990 for the year ended June 30, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lisa Downing | Executive Dir. Officer | 40 | $84,273 |
| Katy E Wight | President Trustee or director, Officer | 3 | $0 |
| Debin Bruce | Vice President Trustee or director, Officer | 3 | $0 |
| Anne F Teschner | Trustee Trustee or director | 3 | $0 |
| ruth Francis | Trustee Trustee or director | 3 | $0 |
| Shelly Ruocco | Trustee Trustee or director | 3 | $0 |
| Rebekah Anderson | Trustee Trustee or director | 3 | $0 |
| Elizabeth Sheirer | Secretary Trustee or director, Officer | 3 | $0 |
| Doug Wheat | Treasurer Trustee or director, Officer | 3 | $0 |
990 for the year ended June 30, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lisa Downing | Executive Dir. Officer | 37.5 | $74,494 |
| Russell W Carrier | President Trustee or director, Officer | 3 | $0 |
| Katy E Wight | Trustee Trustee or director | 3 | $0 |
| Debin Bruce | Trustee Trustee or director | 3 | $0 |
| Emily Prabhaker | Trustee Trustee or director | 3 | $0 |
| Joseph Twarog | Trustee Trustee or director | 3 | $0 |
| Cheri Buckhout | Treasurer Officer | 8 | $0 |
| Elizabeth Sheirer | Secretary Officer | 3 | $0 |
| David Pascucci | Former Treasurer | 8 | $0 |
Address and contacts
- Address (IRS master file)
- 20 WEST ST, NORTHAMPTON, MA 01060-3713
- In care of
- % JENNIE PITTSINGER
- Signed the 990
- Lisa Downing, Executive Director
- Phone
- (413) 587-1017
- Website
- WWW.FORBESLIBRARY.ORG
- Return prepared by
- DOWNEY PIECIAK FITZGERALD & CO PC
Mission
Forbes Library exists to provide a wide range of information and materials to all of the people of Northampton, and to encourage and support the civic, intellectual, and cultural pursuits of the community. Forbes Library encourages curiosity, free inquiry, and lifelong learning and provides a friendly physical environment as a community meeting place.
Program accomplishments
- Forbes Library exists to provide a wide range of information and materials to all of the people of Northampton, and to encourage and support the civic, intellectual, and cultural pursuits of the community. Forbes Library encourages curiosity, free inquiry, and lifelong learning and provides a friendly physical environment as a community meeting place.Expenses $2,097,211
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
- 04-6004208
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1941
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B71Z)
- Assets (IRS master file)
- $11,414,897
- Income (IRS master file)
- $3,187,878
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $3,180,831 | $2,593,539 | $11,414,897 | IRS |
| 990 | June 2024 | $2,424,704 | $1,960,361 | $10,405,882 | IRS |
| 990 | June 2023 | $2,601,293 | $2,444,011 | $9,669,095 | XML |
| 990 | June 2022 | $2,962,235 | $2,602,266 | $9,300,747 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 04-6004208).
Questions about TRUSTEES OF THE FORBES LIBRARY
- What is the EIN of TRUSTEES OF THE FORBES LIBRARY?
- The employer identification number (EIN) of TRUSTEES OF THE FORBES LIBRARY is 04-6004208.
- Is TRUSTEES OF THE FORBES LIBRARY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1941.
- Are donations to TRUSTEES OF THE FORBES LIBRARY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TRUSTEES OF THE FORBES LIBRARY 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 TRUSTEES OF THE FORBES LIBRARY 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 TRUSTEES OF THE FORBES LIBRARY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who are the officers and directors of TRUSTEES OF THE FORBES LIBRARY?
- The 990 for the year ended June 30, 2025 lists 10 people; 2 received compensation from the organization, the highest $86,165 (Lisa Downing, Executive Dir.).
- How much revenue does TRUSTEES OF THE FORBES LIBRARY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $3,180,831, expenses of $2,593,539 and total assets of $11,414,897 at year end.
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