Public Charity

THE LIBRARY FOUNDATION OF NEEDHAM INC

THE LIBRARY FOUNDATION OF NEEDHAM INC is a Public Charity headquartered in NEEDHAM, MA. Financial data from the 2024 filing: $108K revenue, $47K expenses, $2.0M total assets. 3 publicly reported grants to this organization, totaling roughly $22K, appear in IRS filings.

EIN: 043783995 NEEDHAM, MA Latest filing: 2024
Total Revenue$108K
Total Expenses$47K
Total Assets$2.0M
Grant Records3
Funding Total$22K
Filing Years2019–2024

Mission

THE LIBRARY FOUNDATION OF NEEDHAM ENCOURAGES COMMUNITY INVESTMENT THROUGH INDIVIDUAL AND CORPORATE GIVING FOR LIBRARY 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.

Officers & Directors

DIRECTOR Debra Steele
VICE PRESIDENT James Reulbach
LIAISON, LIBRARY BOARD OF TRUSTEES Jay Fialkov
DIRECTOR Joan Smith
DIRECTOR Jonathan B Hruska
PRESIDENT Kathy D'addesio

Officer compensation and complete director data available with membership.

Top Grant Purposes

For grant recipient's exempt purposes
$22,000 3 grants

Financial Trends

Year Revenue Expenses Assets
2024 $108K $47K $2.0M
2023 $112K $89K $1.8M
2021 $89K $40K $1.8M
2020 $75K $60K $1.5M
2019 $81K $55K $1.5M

Between 2019 and 2024, reported annual revenue grew from $81K to $108K (+34%), with total assets most recently reported at $2.0M.

Interactive year-over-year charts and full filing details available with membership.

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