Boston Public Library Fund Inc
- Assets
- $12.4m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 11
- Location
- Boston, MA
- Founding
- 10/1992
- Data as of
- 06/2024
- EIN
- 04-3150560
Organization Overview
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 06/2024, Boston Public Library Fund Inc employed 11 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 06/2024, Boston Public Library Fund Inc generated $5.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.6% each year . All expenses for the organization totaled $5.0m during the year ending 06/2024. While expenses have increased by 16.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
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. A $1,000 GRANT WAS ALSO MADE TO SEATTLE PUBLIC LIBRARY FOUNDATION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey B Hawkins Chair | OfficerTrustee | 2 | $0 |
Hannah Grove Vice Chair | OfficerTrustee | 0.1 | $0 |
Grace Fey Treasurer | OfficerTrustee | 0.1 | $0 |
Taylor Brennan President, Emerging Leaders | OfficerTrustee | 0.1 | $0 |
Lewis Burleigh Founding Director Emeritus | Trustee | 0.1 | $0 |
Cliff Cammock Director | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $375,367 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,986,785 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,362,152 |
| Total Program Service Revenue | $0 |
| Investment income | $189,175 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $115,532 |
| Net Income from Fundraising Events | -$43,576 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,623,283 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,223,326 |
| 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. | $320,144 |
| Compensation of current officers, directors, key employees. | $96,043 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $723,943 |
| Pension plan accruals and contributions | $24,234 |
| Other employee benefits | $92,329 |
| Payroll taxes | $80,767 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $289 |
| Fees for services: Accounting | $99,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $127,400 |
| Fees for services: Investment Management | $45,995 |
| Fees for services: Other | $77,383 |
| Advertising and promotion | $6,194 |
| Office expenses | $85,288 |
| Information technology | $26,234 |
| 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 | $1,833 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,364 |
| Insurance | $5,005 |
| All other expenses | $0 |
| Total functional expenses | $4,997,008 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,054,856 |
| Savings and temporary cash investments | $701,005 |
| Pledges and grants receivable | $847,457 |
| 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 | $2,388 |
| Net Land, buildings, and equipment | $9,409 |
| Investments—publicly traded securities | $9,831,598 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,446,713 |
| Accounts payable and accrued expenses | $73,022 |
| 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 | $815,801 |
| Total liabilities | $888,823 |
| Net assets without donor restrictions | $8,128,948 |
| Net assets with donor restrictions | $3,428,942 |
| 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 | $12,446,713 |