Nonprofit · EIN 05-0265616
WILLETT FREE LIBRARY
Tax-exempt · SAUNDERSTOWN, RI 02874
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $204,700 | $170,523 | $34,177 | $1,526,578 | $897 | $1,525,681 |
| June 30, 2024 | 990 | $179,846 | $158,947 | $20,899 | $1,460,156 | $285 | $1,459,871 |
| June 30, 2023 | 990 | $119,535 | $145,450 | -$25,915 | $1,360,556 | $137 | $1,360,419 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $110,172
- of which government grants
- $42,974
- Program service revenue
- $354
- Investment income
- $95,164
- Net income from fundraising events
- -$1,092
- Other revenue
- -$990
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $72,226
- Salaries, compensation and benefits (total)
- $78,799
- Professional fundraising fees
- $0
- Accounting fees
- $1,140
- Occupancy
- $21,956
- Depreciation
- $25,933
- Program services (functional)
- $144,795
- Management and general (functional)
- $25,728
Balance sheet and other
- Total assets, start of year
- $1,460,156
- Total assets, end of year
- $1,526,578
- Total liabilities, end of year
- $897
- Net assets, end of year
- $1,525,681
- Land, buildings and equipment
- $205,605
- Publicly traded securities
- $1,210,644
- Net assets without donor restrictions
- $1,525,681
- Gross receipts
- $206,492
- Employees
- 8
- Year formed
- 1905
- State of legal domicile
- RI
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 |
|---|---|---|---|
| Amy Paulsen | President Trustee or director, Officer | 1 | $0 |
| Matt Waters | Member Trustee or director | 1 | $0 |
| Whit Hill | Buildings Grounds Trustee or director | 1 | $0 |
| Ady Wheeler | Member Trustee or director | 1 | $0 |
| Elizabeth Marcotte | Treasurer Trustee or director, Officer | 5 | $0 |
| Paula Schonewald | Secretary Trustee or director, Officer | 1 | $0 |
| Patrick Koelle | Member Trustee or director | 1 | $0 |
| Paula Bontempi | Member Trustee or director | 1 | $0 |
| Sue Wilcox | Member Trustee or director | 1 | $0 |
| Eleanor Ferguson | Member Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ellie Ferguson | Vice President Trustee or director, Officer | 1 | $0 |
| Amy Paulsen | President Trustee or director, Officer | 1 | $0 |
| Matt Waters | Member Trustee or director | 1 | $0 |
| Whit Hill | Member Trustee or director | 1 | $0 |
| John McDermott | Member Trustee or director | 1 | $0 |
| Michael Pilson | Member Trustee or director | 1 | $0 |
| Ady Wheeler | Member Trustee or director | 1 | $0 |
| Betty Marcotte | Treasurer Trustee or director, Officer | 5 | $0 |
| Paula Schonewald | Secretary Trustee or director | 1 | $0 |
| Patrick Koelle | Member Trustee or director | 1 | $0 |
| Sue Greenfield | Member Trustee or director | 1 | $0 |
| Paula Bontempi | Member Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ellie Ferguson | Vice President Trustee or director, Officer | 1 | $0 |
| Amy Paulsen | President Trustee or director, Officer | 1 | $0 |
| Matt Waters | Member Trustee or director | 1 | $0 |
| Whit Hill | Member Trustee or director | 1 | $0 |
| John McDermott | Member Trustee or director | 1 | $0 |
| Michael Pilson | Member Trustee or director | 1 | $0 |
| Ady Wheeler | Member Trustee or director | 1 | $0 |
| Betty Marcotte | Treasurer Trustee or director, Officer | 5 | $0 |
| Paula Schonewald | Secretary Trustee or director | 1 | $0 |
| Patrick Koelle | Member Trustee or director | 1 | $0 |
| Sue Greenfield | Member Trustee or director | 1 | $0 |
| Paula Bontempi | Member Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 45 FERRY RD, SAUNDERSTOWN, RI 02874-3834
- In care of
- % DOLORES RICCI-NORCOTT
- Principal officer (990 for 2024)
- Elizabeth Marcotte, 45 Ferry Rd, Saunderstown, RI 02874
- Signed the 990
- Elizabeth Marcotte, Treasurer
- Phone
- (401) 294-2081
- Website
- www.willettfree.org/
- Return prepared by
- Dolores Ricci-Norcott CPA
Mission
Library - Free use of books and magazines by the general public.
Program accomplishments
- Free use of books and magazines to the publicExpenses $144,795 · grants $59,588 · revenue $51,740
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
- 05-0265616
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1974
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,526,578
- Income (IRS master file)
- $206,492
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $204,700 | $170,523 | $1,526,578 | IRS |
| 990 | June 2024 | $179,846 | $158,947 | $1,460,156 | IRS |
| 990 | June 2023 | $119,535 | $145,450 | $1,360,556 | XML |
| 990 | June 2022 | $211,506 | $135,189 | $1,328,265 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | 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 05-0265616).
Questions about WILLETT FREE LIBRARY
- What is the EIN of WILLETT FREE LIBRARY?
- The employer identification number (EIN) of WILLETT FREE LIBRARY is 05-0265616.
- Is WILLETT FREE LIBRARY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1974.
- Are donations to WILLETT FREE LIBRARY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WILLETT FREE 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 WILLETT FREE 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 WILLETT FREE LIBRARY 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 WILLETT FREE LIBRARY?
- The 990 for the year ended June 30, 2025 names Elizabeth Marcotte.
- Who are the officers and directors of WILLETT FREE LIBRARY?
- The 990 for the year ended June 30, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does WILLETT FREE LIBRARY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $204,700, expenses of $170,523 and total assets of $1,526,578 at year end.
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