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Nonprofit · EIN 23-7003265

FRIENDS OF THE ILSLEY LIBRARY

Tax-exempt · MIDDLEBURY, VT 05753

Financials

$3.1M$3M2024
Revenue Expenses · by fiscal year end
Financials of FRIENDS OF THE ILSLEY LIBRARY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$3,053,105$2,954,781$98,324$302,836$0$302,836
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$2,966,132
Program service revenue
$10,575
Investment income
$76,398
Other revenue
$0

Expenses

Grants and similar amounts paid
$2,948,158
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$900
Occupancy
$950
Program services (functional)
$2,949,862
Management and general (functional)
$1,454
Fundraising (functional)
$3,465

Balance sheet and other

Total assets, start of year
$204,512
Total assets, end of year
$302,836
Total liabilities, end of year
$0
Net assets, end of year
$302,836
Publicly traded securities
$197,083
Gross receipts
$3,053,105
Employees
0
Volunteers
20
Year formed
1968
State of legal domicile
VT

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
Revell AllenPresident
Trustee or director, Officer
2$0
Mary DuclosDirector
Trustee or director
1$0
Sheila HouseDirector
Trustee or director
0$0
Jan JaferianVice PresidentCapital Campaign
Trustee or director, Officer
2$0
Beth KingstonDirector
Trustee or director
1$0
Amy MincherDirector
Trustee or director
1$0
John MurrayDirector
Trustee or director
1$0
Pam ShaferDirector
Trustee or director
1$0
Cynthia WattersTreasurer
Trustee or director, Officer
2$0
Kathy SagendorfDirector
Trustee or director
1$0

Address and contacts

Address (IRS master file)
PO BOX 544, MIDDLEBURY, VT 05753-0544
In care of
% CYNTHIA WATTERS
Mailing address (990-N for 2023)
75 Main Street, Middlebury VT 05753
Principal officer (990-N for 2023)
Cynthia Watters, 75 Main Street, Middlebury VT 05753
Signed the 990
CYNTHIA WATTERS, Treasurer
Return prepared by
Sharon L Stearns CPA PLLC

Mission

To support Ilsley Library primarily via financial support of programming

990 for the year ended December 31, 2024

Program accomplishments

  • Fundraise for Ilsley Library capital renovations
    Expenses $2,927,558 · grants $2,927,493 · revenue $49,066
  • Support Ilsley Library with financial program support
    Expenses $22,304 · grants $20,665 · revenue $37,906

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-N on file

IRS record

EIN
23-7003265
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1968
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$302,836
Income (IRS master file)
$3,053,105

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$3,053,105$2,954,781$302,836IRS
990-N for 2023
Officer: Cynthia Watters
December 31, 2023≤ $50,000 receipts––e-Postcard
990-N for 2022
Officer: Cynthia Watters
December 31, 2022≤ $50,000 receipts––e-Postcard
990-N for 2021
Officer: Cynthia Watters
December 31, 2021≤ $50,000 receipts––e-Postcard
990-N for 2019
Officer: Cynthia Watters
December 31, 2019≤ $50,000 receipts––e-Postcard

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 23-7003265).

Questions about FRIENDS OF THE ILSLEY LIBRARY

What is the EIN of FRIENDS OF THE ILSLEY LIBRARY?
The employer identification number (EIN) of FRIENDS OF THE ILSLEY LIBRARY is 23-7003265.
Is FRIENDS OF THE ILSLEY LIBRARY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1968.
Are donations to FRIENDS OF THE ILSLEY LIBRARY tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FRIENDS OF THE ILSLEY LIBRARY 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 FRIENDS OF THE ILSLEY LIBRARY 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 FRIENDS OF THE ILSLEY LIBRARY 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 FRIENDS OF THE ILSLEY LIBRARY?
The 990-N for 2023 names Cynthia Watters.
Who are the officers and directors of FRIENDS OF THE ILSLEY LIBRARY?
The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
How much revenue does FRIENDS OF THE ILSLEY LIBRARY have?
On its 990 for the year ended December 31, 2024 it reported revenue of $3,053,105, expenses of $2,954,781 and total assets of $302,836 at year end.

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