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Nonprofiteer
← FLORENCE BESSMER FOUNDATION

Form 990 for tax year 2023

Filed by FLORENCE BESSMER FOUNDATION.

Totals

Total revenue
$181,760
Total expenses
$60,897
Contributions and grants received
$0
Grants paid
$60,017
Program service revenue
$0
Investment income
$181,760
Other revenue
$0
Total assets, end of year
$1,527,161
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,527,161
Program services expenses (Part IX)
$60,017
Management and general expenses
$880
Fundraising expenses
$0
Program service expenses (Part III)
$60,017

Program services were 98.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $120,294 · unrelated business $0 · excluded $120,294

  • 7a · Gross sales of assets other than inventory

    securities $90,000

  • 7b · Less cost or other basis and sales expenses

    securities $28,534

  • 7c · Gain or loss

    securities $61,466

  • 7d · Net gain or loss

    total $61,466 · related or exempt $0 · unrelated business $0 · excluded $61,466

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $60,017 · program services $60,017

  • 11c · Fees: accounting

    total $525 · program services $0 · management and general $525 · fundraising $0

  • 11f · Fees: investment management

    total $65 · program services $0 · management and general $65 · fundraising $0

  • 23 · Insurance

    total $250 · program services $0 · management and general $250 · fundraising $0

  • 24a · Other expenses: ANNUAL REPORT FEE

    total $40 · program services $0 · management and general $40 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $25,073 · end of year $54,177

  • 11 · Investments: publicly traded securities

    beginning of year $1,298,905 · end of year $1,472,984

  • 27 · Net assets without donor restrictions

    beginning of year $1,323,978 · end of year $1,527,161

Mission and programs · 2023

Mission

SUPPORT FOR THE NEWTON PUBLIC LIBRARY

  • SUPPORT OF THE NEWTON PUBLIC LIBRARY THROUGH THE PURCHASE OF BOOKS AND RELATED MATERIALS

    Expenses $60,017 · Grants $60,017

As filed on the 2023 return.

Listed in Part VII

  • Ron Lang

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Ray A Penner

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • John S Robb

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Cathy Anderson

    MEMBER

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • NEWTON PUBLIC LIBRARY

    $60,017

    BOOKS, SUBSCRIPTIONS, REFERENCE MATERIALS

Provenance

Return type
form_990
Tax year
2023
Filed
16 April 2024
IRS schema version
2023v5.0
Source object
202421369349306582

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