Nonprofit · EIN 23-7089725
MAGNOLIA LIBRARY CENTER INC
Tax-exempt · GLOUCESTER, MA 01930
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990-EZ | $76,514 | $94,943 | -$18,429 | $277,902 | – | $277,902 |
| August 31, 2024 | 990-EZ | $75,863 | $88,592 | -$12,729 | $296,331 | – | $296,331 |
| August 31, 2023 | 990-EZ | $161,636 | $76,829 | $84,807 | $309,060 | – | $309,060 |
Financial details: 990-EZ for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $74,910
- Membership dues
- $1,529
- Program service revenue
- $0
- Investment income
- $75
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $778
- Occupancy
- $39,888
- Printing, publications and postage
- $1,440
- Other expenses
- $52,837
- Program services (functional)
- $90,683
Balance sheet and other
- Total assets, start of year
- $296,331
- Total assets, end of year
- $277,902
- Total liabilities, end of year
- –
- Net assets, end of year
- $277,902
- Cash, savings and investments
- $35,472
- Land and buildings
- $235,836
- Gross receipts
- $76,514
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-EZ for the year ended August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CURTIS HENDERSON | VICE PRESIDENT | 1 | $0 |
| KILEY DAVIS | TREASURER | 5 | $0 |
| NYING-JEPO NEW GALLO | SECRETARY | 1 | $0 |
| ROBERT MORAN JR | DIRECTOR | 1 | $0 |
| ELIZABETH MORAN | DIRECTOR | 1 | $0 |
| CHRISTOPHER L BOUCHER | PRESIDENT | 2 | $0 |
| MARGARET MAYER | DIRECTOR | 5 | $0 |
| VICTOR FRANK | DIRECTOR | 1 | $0 |
| STEVE YOST | DIRECTOR | 3 | $0 |
990-EZ for the year ended August 31, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CURTIS HENDERSON | VICE PRESIDENT | 1 | $0 |
| KILEY DAVIS | TREASURER | 5 | $0 |
| NYING-JEPO NEW GALLO | SECRETARY | 1 | $0 |
| ROBERT MORAN JR | DIRECTOR | 1 | $0 |
| ELIZABETH MORAN | DIRECTOR | 1 | $0 |
| CHRISTOPHER L BOUCHER | PRESIDENT | 2 | $0 |
| MARGARET MAYER | DIRECTOR | 5 | $0 |
| VICTOR FRANK | DIRECTOR | 1 | $0 |
| STEVE YOST | DIRECTOR | 3 | $0 |
990-EZ for the year ended August 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CURTIS HENDERSON | DIRECTOR | 0 | $0 |
| KILEY DAVIS | TREASURER | 0 | $0 |
| NYING-JEPO NEW GALLO | SECRETARY | 0 | $0 |
| ROBERT MORAN JR | DIRECTOR | 0 | $0 |
| ELIZABETH MORAN | DIRECTOR | 0 | $0 |
| CHRISTOPHER L BOUCHER | PRESIDENT | 0 | $0 |
| MARGARET MAYER | DIRECTOR | 0 | $0 |
| ALANA HORNE | VICE PRESIDE | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1 LEXINGTON AVE, GLOUCESTER, MA 01930-3915
- Signed the 990-EZ
- KILEY DAVIS, TREASURER
- Phone
- (978) 525-3343
- Website
- www.magnolialibrary.org
- Return prepared by
- MARK J HAYES
Mission
TO MAINTAIN A LIBRARY, READING ROOM, FUNCTIONS ROOM, AND A PLACE FOR SOCIAL MEETINGS TO SUPPORT THE COMMUNITY AND TO PROMOTE THE WELL BEING, COMFORT AND PLEASURE OF THE RESIDENTS OF GLOUCESTER.
Program accomplishments
- TO MAINTAIN A LIBRARY, READING ROOM, FUNCTIONS ROOM,AND A PLACE FOR SOCIAL MEETINGS TO SUPPORT THE COMMUNITYExpenses $90,683
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 August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990-EZ on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990-EZ on file |
IRS record
- EIN
- 23-7089725
- 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
- 1970
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $277,902
- Income (IRS master file)
- $76,514
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | August 2025 | $76,514 | $94,943 | $277,902 | XML |
| 990-EZ | August 2024 | $75,863 | $88,592 | $296,331 | XML |
| 990-EZ | August 2023 | $161,636 | $76,829 | $309,060 | XML |
| 990-EZ | August 2022 | – | – | – | IRS |
| 990-EZ | August 2021 | – | – | – | IRS |
| 990-EZ | August 2019 | – | – | – | IRS |
| 990-EZ | August 2018 | – | – | – | 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 23-7089725).
Questions about MAGNOLIA LIBRARY CENTER INC
- What is the EIN of MAGNOLIA LIBRARY CENTER INC?
- The employer identification number (EIN) of MAGNOLIA LIBRARY CENTER INC is 23-7089725.
- Is MAGNOLIA LIBRARY CENTER INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1970.
- Are donations to MAGNOLIA LIBRARY CENTER INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MAGNOLIA LIBRARY CENTER INC 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 MAGNOLIA LIBRARY CENTER INC due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MAGNOLIA LIBRARY CENTER INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended August 2025.
- Who are the officers and directors of MAGNOLIA LIBRARY CENTER INC?
- The 990-EZ for the year ended August 31, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does MAGNOLIA LIBRARY CENTER INC have?
- On its 990-EZ for the year ended August 31, 2025 it reported revenue of $76,514, expenses of $94,943 and total assets of $277,902 at year end.
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