Overview
What is Swampscott Public Library Inv Trust?
Swampscott Public Library Inv Trust is a nonprofit organization, primarily focused on managing and utilizing a trust property to benefit the Swampscott Public Library. The trust's primary objective is to generate income, which is then utilized at the trustees' discretion for renovating, constructing, or improving the library building, as well as replacing or enhancing its furnishings and equipment. Established with the intent of raising awareness about the library's needs within the community, the trust plays a significant role in supporting the growth and maintenance of the Swampscott Public Library.
Is Swampscott Public Library Inv Trust legitimate?
Swampscott Public Library Inv Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Swampscott Public Library Inv 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
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What is the mission statement of Swampscott Public Library Inv Trust?
The Swampscott Public Library Inv Trust's mission is centered around managing a trust's property in accordance with its instrument. The income generated from this property is then utilized, at the discretion of the trustees, for the renovation or construction of the Swampscott Public Library building. Additionally, funds are allocated for the replacement or improvement of furnishings and equipment within the library. The trust's activities have raised awareness within the community about the needs of the Swampscott Library.
Who is the CEO of Swampscott Public Library Inv Trust?
Neil Dechillo is the Trustee of Swampscott Public Library Inv Trust.
What is the revenue of Swampscott Public Library Inv Trust?
Swampscott Public Library Inv Trust's revenue in 2022 was -$1,023.
Who are the executives of Swampscott Public Library Inv Trust and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for Swampscott Public Library Inv Trust?
Swampscott Public Library Inv Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Swampscott Public Library Inv Trust
Swampscott Public Library Inv Trust is a organization dedicated to managing a trust in accordance with its instrument. Their primary mission is to utilize the income generated from the trust's property, at their discretion, for the renovation or construction of the Swampscott Public Library building and the replacement or improvement of its furnishings and equipment. This commitment to the library has helped raise awareness of its needs within the community.
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Impact
October, 2024
Swampscott Public Library Inv Trust plays a crucial role in enhancing the local library's infrastructure and resources. By holding and managing trust property, the organization ensures that the income generated is strategically invested back into the community. This investment focuses on vital renovations and construction projects for the Swampscott Public Library building, as well as the replacement and improvement of furnishings and equipment within the library.
The Trust not only addresses the physical needs of the library but also raises awareness in the community about its importance and ongoing needs. As a result, it fosters a culture of support and engagement around educational resources, making the library a more accessible and welcoming environment for all residents. Through its efforts, the Trust significantly contributes to the library's ability to serve as a community hub for learning and connection in Swampscott.
This information is meant to be a general summary of Swampscott Public Library Inv 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$1,023
- Gross Receipts: $509,337
Assets and Liabilities:
- Total Assets: $241,478
- Total Liabilities: $0
- Net Assets: $241,478
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Organization Details
Founding Year
2005
Principal Officer
Neil Dechillo
Main Address
61 BURRILL ST, SWAMPSCOTT, MA, 01907
NTEE Category
Code: B11 - Education
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