East Lyme Library Foundation Inc

NIANTIC, CT EIN: 22-3158782

East Lyme Library Foundation Inc is a private foundation, based in NIANTIC, CT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 1 grants totaling $47K. Net investment income was $75K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.2M

+9.7% YoY

Annual Giving

$47K

-1.8% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$47K

-1.8% YoY

Under IRS private-foundation payout rules, East Lyme Library Foundation Inc reported a distributable amount of $56K for 2024 — the minimum it must pay out in qualifying distributions.

About East Lyme Library Foundation Inc

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Connecticut $237K (100%)

States

Connecticut

Cities

Niantic

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,197,545	$1,091,289	$915,201
Revenue	$86,660	$144,043	$47,580
Expenses	$50,661	$51,249	$54,960
Qualifying Distributions	$47,309	$48,161	$52,019
Net Investment Income	$74,824	$39,770	$35,037
Distributable Amount	$56,382	$47,309	$48,115

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include East Lyme Public Library ($47,309).

Recipient	Purpose	Amount
EAST LYME PUBLIC LIBRARY NIANTIC, CT	TO SUPPORT THE LIBRARY	$47,309

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
JOSEPH SEGAL	DIRECTOR	2	—
CAROLYN BOYLE	DIRECTOR	2	—
ABI CUSHMAN	DIRECTOR	2	—
STEVE LUBER	EX-OFFICIO	2	—
NANCY HALL	SECRETARY	4	—
DR ROBERT LINDEN	DIRECTOR	2	—
JAN LOGOZZO	DIRECTOR	2	—
JEANNE M O'CONNELL	DIRECTOR	2	—
JANIE BUTTS PRESLEY	DIRECTOR	2	—
BETSY SCHADY	DIRECTOR	2	—
LUCY SCHUMAN	DIRECTOR	2	—
JOHN M SMITH	VICE PRESIDE	4	—
LISA TIMOTHY	EX-OFFICIO	2	—
DR DEAN WILLIS	PRESIDENT	4	—
ANNA JOHNSON	TREASURER	4	—
AMY BRENNER-FRICKE	DIRECTOR	2	—
MAUREEN FANG	DIRECTOR	2	—
ROSE GONZALES PHD	DIRECTOR	2	—

Frequently Asked Questions

How large is East Lyme Library Foundation Inc?

As of 2024, East Lyme Library Foundation Inc holds $1.2M in total assets with $87K in annual revenue. It awarded 1 grants totaling $47K in 2024.

Where does East Lyme Library Foundation Inc operate?

East Lyme Library Foundation Inc has awarded grants in Connecticut.

What size grants does East Lyme Library Foundation Inc award?

In 2024, East Lyme Library Foundation Inc awarded 1 grants totaling $47K — an average of about $47K per grant, based on its IRS Form 990 filings.

How much is East Lyme Library Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, East Lyme Library Foundation Inc reported a distributable amount of $56K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is East Lyme Library Foundation Inc's EIN?

East Lyme Library Foundation Inc's EIN (Employer Identification Number) is 22-3158782. IRS Form 990 filing data is available on this page for 2020–2024.