THE LIBRARY FOUNDATION OF NEEDHAM INC Charity Report

Public IRS 990 nonprofit record

THE LIBRARY FOUNDATION OF NEEDHAM INC

EIN 04-3783995 · Libraries (B70)

What they do

THE LIBRARY FOUNDATION of NEEDHAM ENCOURAGES COMMUNITY INVESTMENTS THROUGH INDIVIDUAL and CORPORATE GIVING for LIBRARY FOUNDATION PROGRAMS and SERVICES NOT PROVIDED for IN THE TOWN FUNDED BUDGET and COORDINATES FUNDRAISING and PROMOTIONAL ACTIVITIES to INCREASE THE ENDOWMENT and RESPONSIBLY MANAGE and GROW THE FUNDS.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $45.10 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders9 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

11.96%of revenue went to mission work45.1% of expenses · Program services

2.15%of revenue went to fundraising8.1% of expenses

$26.53spent for every $100 of revenueRevenue covered expenses this year.

12.43%of revenue went to management and office costs46.8% of expenses

$50.32in assets for every $1 spent this yearSome assets cannot be spent right away.

21.9%of its money came from giftsOther money may come from services or investments.

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Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$164,778

Mission workProgram services$19,70311.96% of revenue45.1% of expenses

ManagementOffice and general costs$20,47412.43% of revenue46.8% of expenses

FundraisingAsking for donations$3,5452.15% of revenue8.1% of expenses

Revenue left after expensesReported annual surplus$121,05673.47% of revenueShown in gray on the chart

Total expenses$43,72226.53% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 45.1% mission · 46.8% management · 8.1% fundraisingTotal expenses: 26.53% of revenue

2023Expense mix: 52.8% mission · 40.6% management · 6.6% fundraisingTotal expenses: 43.76% of revenue

2022Expense mix: 60.7% mission · 36.0% management · 3.3% fundraisingTotal expenses: 79.28% of revenue

2021Expense mix: 37.6% mission · 62.3% management · 0.1% fundraisingTotal expenses: 26.86% of revenue

2020Expense mix: 51.1% mission · 44.2% management · 4.7% fundraisingTotal expenses: 44.59% of revenue

2019Expense mix: 63.7% mission · 32.1% management · 4.2% fundraisingTotal expenses: 78.93% of revenue

2018Expense mix: 66.5% mission · 29.0% management · 4.5% fundraisingTotal expenses: 68.11% of revenue

2017Expense mix: 57.3% mission · 39.4% management · 3.4% fundraisingTotal expenses: 62.18% of revenue

Money in and money out

Revenue$164,778

Expenses$43,722

Annual surplus $121,056 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$19,703 · 45.1% of expenses

Management and office costs$20,474 · 46.8% of expenses

Fundraising$3,545 · 8.1% of expenses

See all reported dollar amounts

Revenue$164,778

Expenses$43,722

Assets$2,200,100

Income$164,778

Contributions$36,004

Mission work (program services)$19,703

Fundraising$3,545

Grants given$205,484

Average grant$29,355

Management and general$20,474

Stocks and bonds$2,180,248

Investing fees$15,302

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (9)

DEBRA STEELEDIRECTOR

GENEVIEVE HAMMONDDIRECTOR

GRAEFF ERHARDTDIRECTOR

KATHRYN DADDESIOPRESIDENT AND DIRECTOR

KATHY WHITNEYCLERK AND DIRECTOR

LESLIE RENZULLIDIRECTOR

LOUISE MILLERDIRECTOR

MICHAEL OLEARYDIRECTOR

STEPHEN WALLACKTREASURER AND DIRECTOR

About this charity

Recognized since: January 2026
Location: 1139 HIGHLAND AVE, NEEDHAM, MA 02494-3268
County: Norfolk
In care of: % LOIS BACON
Primary officer: STEPHEN WALLACK, TREASURER

How to reach them

WebsiteVisit the charity’s website Emailinfo@lfnonline.org Phone(781) 455-7559

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: KENNETH J RAFFOL CPA
NTEE classification: Libraries (B70)
IRS tax category: Libraries
Grant-giving organization: Yes