Proprietors Of The Boston Athenaeum is located in Boston, MA. The organization was established in 1938. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 09/2021, Proprietors Of The Boston Athenaeum employed 81 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Proprietors Of The Boston Athenaeum is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, Proprietors Of The Boston Athenaeum generated $11.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.8% each year . All expenses for the organization totaled $9.6m during the year ending 09/2021. While expenses have increased by 2.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
LIBRARY SERVICES - SEE SCHEDULE O.LIBRARY SERVICES - THE LIBRARY IS THE LARGEST PROGRAMMATIC ACTIVITY OFTHE BOSTON ATHENAEUM, SERVING APPROXIMATELY 5,000 MEMBERS, THEIRFAMILIES, THE SCHOLARLY COMMUNITY, STUDENTS, AND OTHER MEMBERS OF THEPUBLIC. IT IS COMPOSED OF TWO PRINCIPAL DEPARTMENTS: READER SERVICESAND TECHNICAL SERVICES. READER SERVICES AT THE BOSTON ATHENAEUMCOMPRISES THE PUBLIC DEPARTMENTS THAT OFFER LIBRARY SERVICES. THE HEADOF READER SERVICES AND THE ARCHIVIST/REFERENCE LIBRARIAN WORK AT THEREFERENCE DESK; THEY ANSWER HUNDREDS OF MEMBERS AND RESEARCHERS'QUESTIONS AND ASSIST IN THE USE OF CIRCULATING MATERIALS, SPECIALCOLLECTIONS, ELECTRONIC RESOURCES, AND ONLINE RESEARCH. THOUSANDS OFRARE MATERIALS ARE PROVIDED FOR THE 200-300 RESEARCHERS WHO USE THESPECIAL COLLECTIONS READING ROOM EVERY YEAR. THE HEAD OF CIRCULATIONAND THE READER SERVICES ASSISTANT MANAGE ACTIVITY AT THE CIRCULATIONDESK, WHERE ROUGHLY 18,000 ITEMS CIRCULATE EACH YEAR. FIVE INTERNSASSIST AT CIRCULATION AND REFERENCE. THE CHILDREN'S LIBRARIAN HELPSYOUNGER MEMBERS USE THE CHILDREN'S LIBRARY, AND OFFERS PROGRAMSINCLUDING STORY HOURS AND READING GROUPS, DESIGNED SPECIFICALLY FORCHILDREN. NINETEEN DISCUSSION GROUPS AND OVER 150 TOURS OF THE BUILDING ARE ARRANGED BY READER SERVICES EVERY YEAR. THE TECHNICAL SERVICES DEPARTMENT, MANAGED BY THE CHIEF TECHNICAL SERVICES LIBRARIAN, ENCOMPASSES THE FUNCTIONS OF ACQUISITIONS, CATALOGING, SERIALS, CONSERVATION, AND DIGITIZATION. THE UNITS OF ACQUISITIONS, CATALOGING, AND SERIALS INCLUDE, AN ACQUISITIONS LIBRARIAN, A SERIALS LIBRARIAN, THREE RARE MATERIALS CATALOG LIBRARIANS, TWO CATALOGING ASSISTANTS, AND THREE INTERNS. THEY ARE RESPONSIBLE FOR SELECTING, ACQUIRING, ACCESSIONING, INVOICING, CATALOGING, AND PROCESSING APPROXIMATELY 2,700 ADDITIONS TO THE LIBRARY PER YEAR, INCLUDING BOTH NEW IMPRINTS AND RARE HISTORICAL VOLUMES. THE DEPARTMENT ALSO AUGMENTS APPROXIMATELY 3,000 LEGACY CATALOGING RECORDS PER YEAR.
SPECIAL COLLECTIONS - SEE SCHEDULE O.SPECIAL COLLECTIONS - THE SPECIAL COLLECTIONS DEPARTMENT IS COMPOSED OFTHE CURATORS WHO OVERSEE THE ACQUISITION, MAINTENANCE, AND EXHIBITIONOF RARE BOOKS, ARCHIVAL DOCUMENTS, MANUSCRIPTS, MAPS, AND WORKS OF ART.DEPARTMENT STAFF MEMBERS INCLUDE THE CURATOR OF RARE BOOKS ANDMANUSCRIPTS, THE CURATOR OF PAINTINGS AND SCULPTURE, THE ASSOCIATECURATOR OF PAINTINGS AND SCULPTURE, THE ARCHIVIST,AND THE CURATOR OF PRINTS AND PHOTOGRAPHS. THE CURATORS RESEARCHOBJECTS IN THE COLLECTIONS AND DISSEMINATE INFORMATION ABOUT THEM TOTHE SCHOLARLY COMMUNITY AT LARGE AND TO THE PUBLIC THROUGH LECTURES,PUBLICATIONS, AND (IN COOPERATION WITH LIBRARIES, ARCHIVES, AND MUSEUMSAROUND THE COUNTRY) AN ACTIVE LOAN PROGRAM. EACH YEAR, ON SITE, THECURATORS ASSIST HUNDREDS OF ATHENAEUM MEMBERS AND VISITING SCHOLARS INRESEARCHING THE ATHENAEUM'S COLLECTIONS. THE CURATORIAL STAFF MOUNTSTWO OR THREE EXHIBITIONS PER YEAR COVERING A RANGE OF HISTORICAL ANDCONTEMPORARY SUBJECTS. THESE EXHIBITIONS ARE ACCOMPANIED BY GALLERYTALKS, LECTURES, AND SYMPOSIA, ALL OF WHICH ARE OPEN TO THE PUBLIC.
LECTURES & CONCERTS - SEE SCHEDULE OLECTURES & CONCERTS - THE LECTURES AND CONCERTS PROGRAM INCLUDESAPPROXIMATELY 100 EVENTS EACH YEAR, SUCH AS AUTHOR TALKS, LECTURES,CONCERTS, CHILDREN'S EVENTS, EXHIBITION RECEPTIONS AND MOVIES. EVENTSTAKE PLACE BOTH IN THE EVENING AND DURING THE DAY AND INCLUDE EVENTSTHAT ARE OPEN TO THE GENERAL PUBLIC AS WELL AS EVENTS FOR ATHENAEUMMEMBERS.
CONSERVATION - SINCE 1963, THE CONSERVATION LABRATORY HAS BEEN DEDICATED TO THE LONG-TERM PRESERVATION OF THE ATHENAEUM'S HOLDINGS WITH INHERENT HISTORIC ARTISTIC OR LITERARY VALUE. THE CONSERVATION DEPARTMENT INCLUDES THE CHIEF CONSERVATOR AND THE ASSOCIATE CONSERVATOR, AND SEVERAL INTERNS AND FELLOWS. ATHENAEUM CONSERVATORS PERFORM CONSERVATION TREATMENTS ON RARE AND CIRCULATING BOOKS, MAPS, MANUSCRIPTS, PRINTS, ARCHITECTURAL DRAWINGS, BROADSIDES, AND PAMPHLETS, AND FOLLOW PREVENTIVE CONSERVATION PROTOCOLS. DIGITAL PROGRAMS - THE DIGITAL PROGRAMS DEPARTMENT IS DEDICATED TO THE ENHANCEMENT OF SCHOLARLY ACCESS TO THE COLLECTIONS THROUGH DIGITIZATION. THE HEAD OF DIGITAL PROGRAMS AND TWO INTERNS SCAN COLLECTION MATERIALS IN THE IMAGING STUDIO AND CREATE ONLINE RECORDS CONTAINING DIGITAL SURROGATES WITH THEIR CORRESPONDING METADATA. THESE EFFORTS ENSURE THAT ATHENAEUM COLLECTIONS ARE AVAILABLE FREELY ONLINE TO SCHOLARS, RESEARCHERS, STUDENTS, AND TO ANYONE IN THE WORLD WITH AN INTERNET CONNECTION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Bridget Keane Director Of Development | 35 | $226,184 | |
Leah Rosovsky Director | Officer | 35 | $183,642 |
Christopher Boudrot Director Of Finance | Officer | 35 | $148,478 |
John Buchtel Curator, Rare Books/manuscripts | 35 | $147,900 | |
Maria Daniels Director Of Patron Service | 35 | $121,050 | |
Amy Ryan Trustee (former Director) | Trustee | 2 | $99,146 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Schwartzsilver Architects Inc Architect | 9/29/21 | $360,154 |
Simpson Gumperz & Heger Engineering Consultant | 9/29/21 | $242,750 |
Tom Goemaat Construction Project Managem Construction Project Management | 9/29/21 | $238,000 |
Ann Beha Architects Inc Architect | 9/29/21 | $216,501 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $49,958 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $4,002,888 |
Noncash contributions included in lines 1a–1f | $520,398 |
Total Revenue from Contributions, Gifts, Grants & Similar | $4,052,846 |
Total Program Service Revenue | $1,171,743 |
Investment income | $788,187 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $38,640 |
Net Gain/Loss on Asset Sales | $5,227,777 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $2,610 |
Miscellaneous Revenue | $0 |
Total Revenue | $11,281,803 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $10,000 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $532,851 |
Compensation of current officers, directors, key employees. | $278,379 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $3,201,582 |
Pension plan accruals and contributions | $189,147 |
Other employee benefits | $430,611 |
Payroll taxes | $269,510 |
Fees for services: Management | $0 |
Fees for services: Legal | $20,457 |
Fees for services: Accounting | $71,800 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $62,841 |
Fees for services: Other | $610,038 |
Advertising and promotion | $12,882 |
Office expenses | $158,807 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $2,123,156 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $987,523 |
Insurance | $51,416 |
All other expenses | $42,381 |
Total functional expenses | $9,605,931 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,093,395 |
Savings and temporary cash investments | $5,345,605 |
Pledges and grants receivable | $522,025 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $24,091,317 |
Investments—publicly traded securities | $80,993,091 |
Investments—other securities | $16,286,749 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,871,627 |
Total assets | $130,203,809 |
Accounts payable and accrued expenses | $1,300,728 |
Grants payable | $0 |
Deferred revenue | $1,260,436 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $2,561,164 |
Net assets without donor restrictions | $72,641,657 |
Net assets with donor restrictions | $55,000,988 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $130,203,809 |
Over the last fiscal year, we have identified 3 grants that Proprietors Of The Boston Athenaeum has recieved totaling $358,943.
Awarding Organization | Amount |
---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $352,225 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,193 |
Woodside Foundation Freeport, ME PURPOSE: GENERAL OPERATING SUPPORT | $525 |
Beg. Balance | $92,040,764 |
Earnings | $17,053,876 |
Net Contributions | $30,118 |
Other Expense | $16,185,816 |
Ending Balance | $92,938,942 |
Organization Name | Assets | Revenue |
---|---|---|
Suffolk Cooperative Library System Bellport, NY | $18,374,423 | $17,112,722 |
Smithtown Library Nesconset, NY | $38,994,883 | $15,642,317 |
Buffalo & Erie County Public Library Buffalo, NY | $4,920,940 | $11,835,935 |
Massachusetts Library System Inc Marlborough, MA | $7,404,141 | $11,793,761 |
Ferguson Library Stamford, CT | $21,910,876 | $11,228,846 |
Proprietors Of The Boston Athenaeum Boston, MA | $130,203,809 | $11,281,803 |
Nassau Library System Uniondale, NY | $13,078,101 | $10,576,238 |
Publishers International Linking Association Inc Lynnfield, MA | $16,437,833 | $11,352,834 |
Springfield Museums Corporation Springfield, MA | $83,263,430 | $9,886,411 |
Providence Public Library Providence, RI | $36,987,936 | $6,478,555 |
Westchester Library System Elmsford, NY | $6,787,041 | $7,508,558 |
American Antiquarian Society Worcester, MA | $122,268,688 | $9,559,298 |