Boston Public Library Fund Inc is located in Boston, MA. The organization was established in 1992. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 06/2022, Boston Public Library Fund Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boston Public Library Fund 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, Boston Public Library Fund Inc generated $3.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $3.4m during the year ending 06/2022. While expenses have increased by 12.8% 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 BOSTON PUBLIC LIBRARY FUND PROVIDES FINANCIAL SUPPORT TO THE BOSTON PUBLIC LIBRARY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS WERE PROVIDED TO THE BOSTON PUBLIC LIBRARY FOR VARIOUS PROGRAM GRANTS TO SUPPORT THE MISSION OF THE BOSTON PUBLIC LIBRARY. SUPPORT OF $1,000 WAS ALSO PROVIDED TO THE SEATTLE PUBLIC LIBRARY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Paula Sakey Executive Director | Officer | 40 | $239,205 |
Theresa Meckel Director Of Finance And Operations | 40 | $134,691 | |
Beth Barclay Senior Major Gifts Officer | 40 | $101,097 | |
Jeffrey B Hawkins Chair | OfficerTrustee | 2 | $0 |
Grace Fey Treasurer | OfficerTrustee | 0.1 | $0 |
Lewis Burleigh Clerk | OfficerTrustee | 0.1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $124,565 |
All other contributions, gifts, grants, and similar amounts not included above | $3,111,754 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $3,236,319 |
Total Program Service Revenue | $0 |
Investment income | $101,965 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $60,365 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $3,398,649 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $1,984,743 |
Grants and other assistance to domestic individuals. | $0 |
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 | $928,261 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $97,021 |
Payroll taxes | $61,785 |
Fees for services: Management | $0 |
Fees for services: Legal | $450 |
Fees for services: Accounting | $73,724 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $14,497 |
Fees for services: Investment Management | $27,879 |
Fees for services: Other | $71,947 |
Advertising and promotion | $0 |
Office expenses | $36,486 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
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 | $3,225 |
Insurance | $3,086 |
All other expenses | $0 |
Total functional expenses | $3,446,044 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $842,639 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $745,138 |
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 | $31,029 |
Net Land, buildings, and equipment | $16,137 |
Investments—publicly traded securities | $4,150,208 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $5,785,151 |
Accounts payable and accrued expenses | $94,121 |
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 | $94,121 |
Net assets without donor restrictions | $3,461,265 |
Net assets with donor restrictions | $2,229,765 |
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 | $5,785,151 |
Over the last fiscal year, we have identified 2 grants that Boston Public Library Fund Inc has recieved totaling $40,150.
Awarding Organization | Amount |
---|---|
The Hpb Foundation Dallas, TX PURPOSE: WRITER-IN-RESIDENCE PROGRAM | $40,000 |
Susan M Deutsch Foundation Tr Boston, MA PURPOSE: CHARITY | $150 |
Beg. Balance | $1,852,059 |
Earnings | -$275,566 |
Other Expense | $86,362 |
Ending Balance | $1,490,131 |
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 |