Saugus Public Library Foundation Inc

SAUGUS, MA EIN: 20-1757842

Saugus Public Library Foundation Inc is a private foundation focused on Education, based in SAUGUS, MA. IRS filing data is available for 2021. As of 2021, the organization holds $229K in total assets. In 2021, it awarded 1 grants totaling $25K. Net investment income was $5K.

Financial Overview

From 2021 IRS Form 990-PF · View filing

Total Assets

$229K

Annual Giving

$25K

Grant Count

Avg Grant Size

$25K

Under IRS private-foundation payout rules, Saugus Public Library Foundation Inc reported a distributable amount of $12K for 2021 — the minimum it must pay out in qualifying distributions.

About Saugus Public Library Foundation Inc

Based on IRS filings

Focus Areas

Education

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Massachusetts $25K (100%)

States

Massachusetts

Cities

Saugus

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2021
Total Assets	$229,283
Revenue	$10,113
Expenses	$37,296
Qualifying Distributions	—
Net Investment Income	$4,650
Distributable Amount	$11,767

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 2021

Grant Size Distribution

1 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2021 grants, the largest include Saugus Public Library ($24,865).

Recipient	Purpose	Amount
SAUGUS PUBLIC LIBRARY SAUGUS, MA	PROVIDED COMPUTER SOFTWARE RENEWAL AND WEBSITE SUPPORT	$24,865

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2021 IRS filing

From 2021 filing

Name	Title	Hours	Compensation
KRISTEN TOZZA	PRESIDENT	0.25	—
CORINNE RILEY	SECRETARY	0.25	—
BRUCE TORREY	TREASURER	0.5	—
LINDA CALL	DIRECTOR	0.25	—
PETER COCCIARDO	DIRECTOR	0.25	—
JOSEPH SCURIO	DIRECTOR	0.25	—
OLIVIA RILEY	DIRECTOR	0.25	—

Subject Areas

Focus areas based on grantmaking activity

Education

Frequently Asked Questions

What is Saugus Public Library Foundation Inc?

Saugus Public Library Foundation Inc is a nonprofit organization focused on Education, based in SAUGUS, MA. It holds $229K in total assets as of 2021.

How large is Saugus Public Library Foundation Inc?

As of 2021, Saugus Public Library Foundation Inc holds $229K in total assets with $10K in annual revenue. It awarded 1 grants totaling $25K in 2021.

Where does Saugus Public Library Foundation Inc operate?

Saugus Public Library Foundation Inc has awarded grants in Massachusetts.

What size grants does Saugus Public Library Foundation Inc award?

In 2021, Saugus Public Library Foundation Inc awarded 1 grants totaling $25K — an average of about $25K per grant, based on its IRS Form 990 filings.

How much is Saugus Public Library Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2021, Saugus Public Library Foundation Inc reported a distributable amount of $12K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Saugus Public Library Foundation Inc's EIN?

Saugus Public Library Foundation Inc's EIN (Employer Identification Number) is 20-1757842. IRS Form 990 filing data is available on this page for 2021.