Old Colony Library Network Inc

Organization Overview

Old Colony Library Network Inc is located in Braintree, MA. The organization was established in 1987. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 06/2023, Old Colony Library Network Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Old Colony Library Network 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 06/2023, Old Colony Library Network Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $1.4m during the year ending 06/2023. While expenses have increased by 1.1% per year over the past 8 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

EDUCATIONAL RESOURCE NETWORK

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION IS A COOPERATIVE OF 28 MEMBER LIBRARIES LOCATED ON THE SOUTH SHORE OF MASSACHUSETTS. MEMBERSHIP INCLUDES 26 TOWN AND CITY LIBRARIES AND 2 ACADEMIC LIBRARIES. THE COOPERATIVE NATURE ENABLES MEMBER LIBRARIES TO PROVIDE SERVICES THAT THEY WOULD NOT BE ABLE TO AFFORD ON THEIR OWN. THE ORGANIZATION'S SHARED AUTOMATION SYSTEM IS AVAILABLE TO PROVIDE THEIR USERS WITH ACCESS TO OVER ONE MILLION TITLES, INCLUDING BOOKS, VIDEOS, COMPACT DISCS AND MAGAZINES.


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Board, Officers & Key Employees

Name (title)Compensation
Jessie Finnie
Vice President
$0
Linda Harper
Treasurer
$0
Denise Garvin
Secretary
$0
Rob Maclean
President
$0
Donald Colon
Past President
$0
Meaghan James
Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $306,555
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$306,555
Total Program Service Revenue$963,976
Investment income $31,439
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$9,984
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,297,561

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