Nonprofit · EIN 04-2203831
COTUIT LIBRARY ASSOCIATION
Tax-exempt · COTUIT, MA 02635
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $724,088 | $488,220 | $235,868 | $3,056,690 | $7,884 | $3,048,806 |
| June 30, 2024 | 990 | $579,937 | $496,647 | $83,290 | $2,675,589 | $5,078 | $2,670,511 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $581,587
- of which government grants
- $225,194
- Program service revenue
- $473
- Investment income
- $120,199
- Net gain from sales of assets
- $61,831
- Net income from fundraising events
- $21,829
- Other revenue
- $21,829
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $263,700
- Salaries, compensation and benefits (total)
- $300,244
- Professional fundraising fees
- $0
- Accounting fees
- $19,025
- Occupancy
- $46,114
- Depreciation
- $16,471
- Program services (functional)
- $395,948
- Management and general (functional)
- $53,163
- Fundraising (functional)
- $39,109
Balance sheet and other
- Total assets, start of year
- $2,675,589
- Total assets, end of year
- $3,056,690
- Total liabilities, end of year
- $7,884
- Net assets, end of year
- $3,048,806
- Land, buildings and equipment
- $412,695
- Publicly traded securities
- $2,441,402
- Net assets without donor restrictions
- $2,904,153
- Net assets with donor restrictions
- $144,653
- Gross receipts
- $1,204,630
- Employees
- 9
- Volunteers
- 15
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 |
|---|---|---|---|
| KARL VASILOFF | PRESIDENT Trustee or director, Officer | 2 | $0 |
| PAUL MORRIS | 1ST VICE PRE Trustee or director, Officer | 2 | $0 |
| KATHLEEN O'NEILL LYNCH | 2ND VICE PRE Trustee or director, Officer | 2 | $0 |
| RICHARD OLIVER | TREASURER Trustee or director, Officer | 2 | $0 |
| MICHAEL CURTIS | ASST. TREASU Trustee or director, Officer | 2 | $0 |
| LINDSAY PARKE | SECRETARY Trustee or director, Officer | 2 | $0 |
| JOANNE MASSARO | TRUSTEE Trustee or director | 1 | $0 |
| LYNNE PEPALL | TRUSTEE Trustee or director | 1 | $0 |
| LESLIE SILLIMAN | TRUSTEE Trustee or director | 1 | $0 |
| MAUREEN HAILER | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JESSICA RUDDEN-DUBE | FORMER EXEC Officer | 40 | $78,532 |
| LISA FRUSZTAJER | PRESIDENT Trustee or director, Officer | 3 | $0 |
| RICHARD OLIVER | TREASURER Trustee or director, Officer | 3 | $0 |
| LINDSAY PARKE | CLERK Trustee or director, Officer | 3 | $0 |
| KARL VASILOFF | VP Trustee or director, Officer | 3 | $0 |
| MICHAEL CURTIS | ASST. TREASU Trustee or director, Officer | 3 | $0 |
| KATHLEEN O'NEILL LYNCH | SECOND VP Trustee or director, Officer | 3 | $0 |
| DIANE MCADAMS | DIRECTOR Trustee or director | 3 | $0 |
| SETH BURDICK | DIRECTOR Trustee or director | 3 | $0 |
| ANNA DOOLEY | DIRECTOR Trustee or director | 3 | $0 |
| PAUL MORRIS | DIRECTOR Trustee or director | 3 | $0 |
| JOANNE MASSARO | DIRECTOR Trustee or director | 3 | $0 |
| LESLIE SILLMAN | DIRECTOR Trustee or director | 3 | $0 |
| AUTUMN HASSETT | EXECUTIVE DI Officer | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 871 MAIN ST, COTUIT, MA 02635-3111
- Principal officer (990 for 2024)
- KARL VASILOFF, 89 NARROWS WAY, COTUIT, MA 02635
- Signed the 990
- RICHARD OLIVER, TREASURER
- Phone
- (508) 428-8141
- Return prepared by
- DEPAOLA BEGG & ASSOC PC
Mission
FREE LENDING LIBRARY
Program accomplishments
- FREE LENDING LIBRARYExpenses $395,948
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
- 04-2203831
- 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
- Category (NTEE)
- Education (B71Z)
- Assets (IRS master file)
- $3,056,690
- Income (IRS master file)
- $1,204,630
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $724,088 | $488,220 | $3,056,690 | XML |
| 990 | June 2024 | $579,937 | $496,647 | $2,675,589 | XML |
| 990 | June 2023 | $435,438 | $463,953 | $2,419,730 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 04-2203831).
Questions about COTUIT LIBRARY ASSOCIATION
- What is the EIN of COTUIT LIBRARY ASSOCIATION?
- The employer identification number (EIN) of COTUIT LIBRARY ASSOCIATION is 04-2203831.
- Is COTUIT LIBRARY ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1974.
- Are donations to COTUIT LIBRARY ASSOCIATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COTUIT LIBRARY ASSOCIATION 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 COTUIT LIBRARY ASSOCIATION 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 COTUIT LIBRARY ASSOCIATION 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 COTUIT LIBRARY ASSOCIATION?
- The 990 for the year ended June 30, 2025 names KARL VASILOFF.
- Who are the officers and directors of COTUIT LIBRARY ASSOCIATION?
- The 990 for the year ended June 30, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does COTUIT LIBRARY ASSOCIATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $724,088, expenses of $488,220 and total assets of $3,056,690 at year end.
Other nonprofits in COTUIT
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- PHYLLIS AND BERNARD JOHNSON MEMORIAL FOUNDATION EIN 03-0458171 · last filed 990-N for 2025
- COTUIT HIGHGROUND GOLF SCHOLARSHIP FUND EIN 30-0241112 · last filed 990-N for 2025
- FRIENDS OF THE COTUIT LIBRARY INC EIN 90-0742638 · last filed 990-N for 2025
- COTUIT CENTER FOR THE ARTS INC EIN 04-3223784 · last filed 990 for 2025
- THE CAHOON MUSEUM OF AMERICAN ART INC EIN 04-2802203 · last filed 990 for 2025
- CAPE COD BASEBALL LEAGUE INC EIN 04-2687718 · last filed 990 for 2024
- COTUIT ATHLETIC ASSOCIATION INC EIN 04-6064917 · last filed 990 for 2024