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Nonprofit · EIN 45-0589881

GOODNOW LIBRARY FOUNDATION INC

Tax-exempt · SUDBURY, MA 01776

Financials

$123K$126K2023$283K$87K2024
Revenue Expenses · by fiscal year end
Financials of GOODNOW LIBRARY FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$282,733$87,131$195,602$768,956$1,334$767,622
December 31, 2023990$122,752$126,081-$3,329$658,098$1,158$656,940
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$88,441
Program service revenue
$275
Investment income
$170,233
Net gain from sales of assets
$155,791
Net income from fundraising events
$23,784
Other revenue
$23,784

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$41,968
Professional fundraising fees
$0
Accounting fees
$8,193
Depreciation
$207
Program services (functional)
$11,491
Management and general (functional)
$75,640

Balance sheet and other

Total assets, start of year
$658,098
Total assets, end of year
$768,956
Total liabilities, end of year
$1,334
Net assets, end of year
$767,622
Land, buildings and equipment
$311
Net assets without donor restrictions
$755,822
Net assets with donor restrictions
$11,800
Gross receipts
$659,553
Employees
3
Volunteers
0
Year formed
2008
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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
MARISA LUTZDIRECTOR
Trustee or director
1$0
GERALD KIMBER WHITEVICE PRESIDENT
Trustee or director, Officer
1$0
HELEN CRARYPRESIDENT
Trustee or director, Officer
1$0
HOLLY BERNENEDIRECTOR
Trustee or director
1$0
MICHELLE DELANEYDIRECTOR
Trustee or director
1$0
JUDY PETROVICDIRECTOR
Trustee or director
1$0
SHEILA PUNDITDIRECTOR
Trustee or director
1$0
KATE RYANDIRECTOR
Trustee or director
1$0
LORING LABARBERA SCHWARZDIRECTOR
Trustee or director
1$0
JILL RIZZOTTIDIRECTOR AND CLERK
Trustee or director
1$0
SARH THOMPSONDIRECTOR
Trustee or director
1$0
CRAIG FORESTERDIRECTOR AND TREASURER
Trustee or director, Officer
1$0
990 for the year ended December 31, 2023: 12 people
NameTitleHours / weekCompensation
MARISA LUTZDIRECTOR
Trustee or director
1$0
GERALD KIMBER WHITEVICE PRESIDENT
Trustee or director, Officer
1$0
HELEN CRARYPRESIDENT
Trustee or director, Officer
1$0
HOLLY BERNENEDIRECTOR
Trustee or director
1$0
MICHELLE DELANEYDIRECTOR
Trustee or director
1$0
JUDY PETROVICDIRECTOR
Trustee or director
1$0
SHEILA PUNDITDIRECTOR
Trustee or director
1$0
KATE RYANDIRECTOR
Trustee or director
1$0
LORING LABARBERA SCHWARZDIRECTOR
Trustee or director
1$0
JILL RIZZOTTIDIRECTOR AND CLERK
Trustee or director
1$0
SARH THOMPSONDIRECTOR
Trustee or director
1$0
CRAIG FORESTERDIRECTOR AND TREASURER
Trustee or director, Officer
1$0

Address and contacts

Address (IRS master file)
21 CONCORD RD, SUDBURY, MA 01776-2328
In care of
% JILL W BROWNE
Principal officer (990 for 2024)
CRAIG FORESTER, 21 CONCORD ROAD, SUDBURY, MA 01776
Signed the 990
CRAIG FORESTER, TREASURER
Phone
(617) 338-2422
Return prepared by
WALD & COMPANY PC

Mission

THE GOODNOW LIBRARY FOUNDATION'S MISSION IS TO PROVIDE FUNDING ON A SUSTAINABLE ENDOWED BASIS TO SUPPORT THE IMPROVEMENT AND ENHANCEMENT OF THE GOODNOW LIBRARY AND TO PROMOTE ITS USE BY THE COMMUNITY.

990 for the year ended December 31, 2024

Program accomplishments

  • ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE PURPOSES BY CONDUCTING SUPPORTING ACTIVITIES FOR THE BENEFIT OF THE GOODNOW LIBRARY, THE TOWN OF SUDBURY LIBRARY.
  • Expenses $11,491

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
45-0589881
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization (509(a)(3))
Donations deductible (Pub 78)
Supporting organization of unknown type
Exempt since
2008
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B11)
Assets (IRS master file)
$768,956
Income (IRS master file)
$659,553

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$282,733$87,131$768,956IRS
990December 2023$122,752$126,081$658,098XML
990December 2022$98,209$167,289$594,362IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 45-0589881).

Questions about GOODNOW LIBRARY FOUNDATION INC

What is the EIN of GOODNOW LIBRARY FOUNDATION INC?
The employer identification number (EIN) of GOODNOW LIBRARY FOUNDATION INC is 45-0589881.
Is GOODNOW LIBRARY FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
Are donations to GOODNOW LIBRARY FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
Which annual return does GOODNOW LIBRARY FOUNDATION 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 GOODNOW LIBRARY FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did GOODNOW LIBRARY FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of GOODNOW LIBRARY FOUNDATION INC?
The 990 for the year ended December 31, 2024 names CRAIG FORESTER.
Who are the officers and directors of GOODNOW LIBRARY FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 12 people; 0 received compensation from the organization.
How much revenue does GOODNOW LIBRARY FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $282,733, expenses of $87,131 and total assets of $768,956 at year end.

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