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Groton Public Library Endowment Trust

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 046819503 ✦ Groton, MA ✦ Designated as a 501(c)(3)

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Overview

What is Groton Public Library Endowment Trust?

Groton Public Library Endowment Trust is a nonprofit organization that plays a vital role in supporting the Groton Public Library, which is managed by the town of Groton, Massachusetts. Their primary objective is to offer financial assistance for initiatives that enhance the library's services and programs. By doing so, they contribute to the overall improvement and development of the library, ultimately benefiting the community.


Official website here: www.gplendowment.org

Is Groton Public Library Endowment Trust legitimate?

Groton Public Library Endowment Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Groton Public Library Endowment Trust submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.gplendowment.org

What is the mission statement of Groton Public Library Endowment Trust?

The Groton Public Library Endowment Trust serves to provide financial backing for programs that positively impact the Groton Public Library. This trust, overseen by the town of Groton, Massachusetts, is dedicated to fostering the library's growth and development by funding initiatives that enhance its services and resources. The mission of the Groton Public Library Endowment Trust is to contribute financially to programs that ultimately benefit the library and its patrons.


Official website here: www.gplendowment.org

Who is the CEO of Groton Public Library Endowment Trust?

Vanessa Abraham is the Director of Groton Public Library Endowment Trust.


Official website here: www.gplendowment.org

What is the revenue of Groton Public Library Endowment Trust?

Groton Public Library Endowment Trust's revenue in 2023 was $69,377.


Official website here: www.gplendowment.org

Who are the executives of Groton Public Library Endowment Trust and what are their salaries?


Here are 5 key members and their salaries:


David Zeiler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Konetzny (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sam Morrow (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Woods (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vanessa Abraham (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.gplendowment.org

Where can I find the form 990 for Groton Public Library Endowment Trust?

Groton Public Library Endowment Trust's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.gplendowment.org

Learn more at the official website: www.gplendowment.org

Mission Statement of Groton Public Library Endowment Trust

The Groton Public Library Endowment Trust is dedicated to supporting the Groton Public Library, an institution under the town's control in Massachusetts. Its primary mission is to provide financial aid for programs that enhance the library's services and resources. By doing so, the Trust aims to contribute positively to the library's overall impact and value within the community.

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Impact




October, 2024

The Groton Public Library Endowment Trust plays a vital role in enhancing the resources and programs offered at the Groton Public Library in Groton, Massachusetts. By providing essential financial support, the Trust ensures that the library can implement a wide range of programs that benefit the community, from educational workshops and cultural events to improved library services and materials. This support not only enriches the library’s offerings but also fosters a love for learning, reading, and community engagement among residents. The presence of the Endowment Trust allows the library to thrive, adapt, and respond to the needs of its patrons, ultimately strengthening the community it serves.




This information is meant to be a general summary of Groton Public Library Endowment Trust. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$69,377 (2023)
Expenses
$120,011 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $46,239
  • Gross Receipts: $296,499

Assets and Liabilities:

  • Total Assets: $3,717,449
  • Total Liabilities: $1,280
  • Net Assets: $3,716,169

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Organization Details

Founding Year

1996

Principal Officer

Vanessa Abraham

Main Address

PO BOX 401, GROTON, MA, 014500401

NTEE Category

Code: T11 - Philanthropy

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