Associates Of The Boston Public Library Inc
- Assets
- $8.8m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 3
- Location
- Boston, MA
- Founding
- 09/1986
- Data as of
- 06/2022
- EIN
- 04-2900822
Organization Overview
Associates Of The Boston Public Library Inc is located in Boston, MA. The organization was established in 1986. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, Associates Of The Boston Public Library Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Associates Of The Boston Public Library Inc 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 06/2022, Associates Of The Boston Public Library Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $1.4m during the year ending 06/2022. While expenses have increased by 14.7% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ASSOCIATES OF THE BOSTON PUBLIC LIBRARY IS AN INDEPENDENT NONPROFIT DEDICATED TO PRESERVING AND PROMOTING THE HISTORIC, LITERARY, AND ARTISTIC TREASURES OF THE BOSTON PUBLIC LIBRARY THROUGH TARGETED GRANTMAKING AND CULTURAL EVENTS. (CONTINUED ON SCHEDULE O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS DEDICATING TO PRESERVING, PROTECTING AND PROMOTING THE BOSTON PUBLIC LIBRARYS SPECIAL COLLECTIONS OF RARE BOOKS, MANUSCRIPTS, PRINTS AND DRAWINGS, MUSICAL SCORES, AND ITEMS OF HISTORIC, LITERARY, AND CULTURAL IMPORTANCE. THE ORGANIZATION IS COMMITTED TO ENSURING CONTINUED PUBLIC ACCESS TO THESE IRREPLACEABLE TREASURES BY UNDERWRITING THEIR CONSERVATION, CATALOGING, DIGITIZATION, CURATION, AND EXHIBITION.
THE ORGANIZATION SPONSORS THE ASSOCIATES OF THE BOSTON PUBLIC LIBRARY WRITER-IN-RESIDENCE PROGRAM TO PROVIDE EMERGING AUTHORS WITH THE FINANCIAL SUPPORT AND OFFICE SPACE NEEDED TO COMPLETE ONE LITERARY WORK FOR CHILDERN OR YOUNG ADULTS. THIS PROGRAM DRAWS ATTENTION TO THE IMPORTANCE OF WRITERS AND WRITING IN OUR CULTURE, AS WELL AS THE MANY EDUCATIONAL OPORTUNITIES OFFERED BY THE BOSTON PUBLIC LIBRARY.
THE ORGANIZATION HOSTS LITERARY AND CURATORIAL PROGRAMMING DESIGNED TO HEIGHTEN AWARENESS OF THE BOSTON PUBLIC LIBRARY AND ITS SPECIAL COLLECTIONS. THIS PROGRAMMING INCLUDES THE HUNDRED YEAR RETROACTIVE BOOK AWARD, WHICH WEIGHS THE ENDURING LITERARY MERITS OF BEST SELLERS PUBLISHED A HUNDRED YEARS AGO, AND THE PIERCE PERFORMANCE SERIES WHICH SEEKS TO RAISE THE VISIBILITY OF TREASURES IN THE BPLS SPECIAL COLLECTIONS THROUGH FREE PUBLIC PERFORMANCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Cahill Director | Trustee | 1 | $0 |
Daniel J Rea Jr Director | Trustee | 1 | $0 |
Margo M Levine Newman Director | Trustee | 1 | $0 |
Peter Drummey Director | Trustee | 1 | $0 |
Lisa Fagin Davis Director | Trustee | 1 | $0 |
Thomas E Ryan Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $38,550 |
| Fundraising events | $399,420 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,080,218 |
| Noncash contributions included in lines 1a–1f | $2,214 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,518,188 |
| Total Program Service Revenue | $0 |
| Investment income | $67,127 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $281,722 |
| Net Income from Fundraising Events | $1,028 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,868,065 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $950,916 |
| Grants and other assistance to domestic individuals. | $34,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $247,211 |
| Pension plan accruals and contributions | $6,804 |
| Other employee benefits | $4,977 |
| Payroll taxes | $20,518 |
| Fees for services: Management | $4,305 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,360 |
| Advertising and promotion | $0 |
| Office expenses | $1,332 |
| Information technology | $20,365 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,920 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $60,304 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,440 |
| All other expenses | $2,702 |
| Total functional expenses | $1,415,212 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $149,347 |
| Savings and temporary cash investments | $529,575 |
| Pledges and grants receivable | $746 |
| 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 | $0 |
| Investments—publicly traded securities | $8,160,680 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,840,348 |
| Accounts payable and accrued expenses | $700 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $700 |
| Net assets without donor restrictions | $880,487 |
| Net assets with donor restrictions | $7,959,161 |
| 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 | $8,840,348 |