Trustees Of The Public Library Of The City Of Boston is located in Boston, MA. The organization was established in 1967. 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, Trustees Of The Public Library Of The City Of Boston employed 487 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trustees Of The Public Library Of The City Of Boston 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, Trustees Of The Public Library Of The City Of Boston generated $14.9m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $14.5m during the year ending 06/2022. 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 PROVIDES EDUCATIONAL AND CULTURAL ENRICHMENT FREE TO ALL BY ENGAGING THE PUBLIC THROUGH PROGRAMMING AND ACTIVE SPACES, RESTORING AND PRESERVING OUR HISTORY, PROVIDING ACCESS TO BORROW FROM OUR VAST COLLECTION OF BOOKS AND ELECTRONIC DATABASES AND OTHER MATERIALS AND CARING FOR THE PUBLIC'S SPECIAL COLLECTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BOSTON PUBLIC LIBRARY (BPL) IS AN EXTRAORDINARY INSTITUTION THAT HAS SERVED THE CITIZENS OF BOSTON SINCE 1848. FOUNDED AS THE FIRST MUNICIPAL LIBRARY AND THE FIRST PUBLIC LIBRARY TO LEND BOOKS, THE BOSTON PUBLIC LIBRARY IS DEDICATED TO THE ADVANCEMENT OF LEARNING AND IS "FREE TO ALL," AS IS CARVED IN THE FACADE OF THE HISTORIC MCKIM BUILDING IN COPLEY SQUARE. THE BPL ENCOMPASSES A CENTRAL LIBRARY, TWENTY-FIVE VIBRANT NEIGHBORHOOD LIBRARIES, A ROBUST WEBSITE, AND CLASSES AND PROGRAMS FOR ALL AGES. THE LIBRARY'S COLLECTION OF MORE THAN 23 MILLION ITEMS INCLUDES CIRCULATING BOOKS, EBOOKS, DVDS, AND MUSIC, AS WELL AS RESEARCH AND SPECIAL COLLECTIONS THAT ENCOMPASS RARE MANUSCRIPTS, PRINTS, PHOTOGRAPHS, DRAWINGS, MAPS, POSTERS, AND MORE. THE BOSTON PUBLIC LIBRARY'S KIRSTEIN BUSINESS LIBRARY AND INNOVATION CENTER, NORMAN B. LEVENTHAL MAP CENTER, AND COLLECTIONS OF DISTINCTION SUCH AS THE PERSONAL LIBRARY OF JOHN ADAMS, THE ANTI-SLAVERY COLLECTION, THE THOMAS PENNANT BARTON COLLECTION OF SHAKESPEARE, AND THE BOSTON PICTORIAL ARCHIVE ATTRACT RESEARCHERS AND SCHOLARS FROM ACROSS THE CITY AND AROUND THE WORLD. IN FISCAL YEAR 2022, BOSTON PUBLIC LIBRARY HOSTED 6,474 PUBLIC PROGRAMS REACHING 163,240 PEOPLE, HAD 2.2M IN PERSON VISITORS, AND LOANED 5.6 MILLION ITEMS. OF THOSE 5.6 MILLION LENDS, MORE THAN 3.7 MILLION WERE DIGITAL DOWNLOADS OF E-BOOKS AND AUDIOBOOKS. IN THE SAME FISCAL YEAR, THE BOSTON PUBLIC LIBRARY HELPED 99,425 MASSACHUSETTS RESIDENTS - ADULTS, CHILDREN, AND TEENS - SIGN UP FOR NEW LIBRARY CARDS, HOSTED 164,815 FREE COMPUTER SESSIONS AND ENABLED 385,964 FREE WIRELESS INTERNET SESSIONS. ENGAGING THE PUBLIC THROUGH PROGRAMMING + ACTIVE SPACES: THE LIBRARY OFFERS A VARIETY OF PROGRAMS FOR ALL CHILDREN, TEENS AND ADULTS INCLUDING: FUTURE READERS CLUB, HOMEWORK ASSISTANCE, LOCAL & FAMILY HISTORY, WRITING PROGRAMS, THEATRE PRODUCTIONS, THE LOWELL LECTURE SERIES, COPLEY CONCERTS, NEVER TOO LATE PROGRAMS, CHILDREN'S MUSIC AND STORYTELLING. SERVING THE PUBLIC WITH IMPROVING TECHNOLOGY: BPL IS A NATIONAL LEADER IN LIBRARY SERVICE TECHNOLOGY. THE LIBRARY HAS BEEN IMPROVING THE LIBRARY'S IT AND BUSINESS SYSTEMS, INCREASING ACCESS TO KNOWLEDGE THROUGH THE PROVISION AND CREATION OF DIGITAL CONTENT, AND CLOSING THE DIGITAL DIVIDE BY PROVIDING THE PUBLIC IMPROVED ACCESS TO THE KINDS OF CUTTING EDGE TECHNOLOGY THAT ENSURE EQUITY. RESTORING AND PRESERVING OUR HISTORY: AT AN ESTIMATED ONE MILLION MANUSCRIPTS, HOLDINGS ARE PARTICULARLY STRONG IN MEDIEVAL AND EARLY RENAISSANCE MANUSCRIPTS, COLONIAL BOSTON AND NEW ENGLAND, AND THE AMERICAN ANTI-SLAVERY MOVEMENT. THE LIBRARY IS ALSO HOME TO HUNDREDS OF ARCHIVAL COLLECTIONS WITH STRENGTHS IN LOCAL BUSINESS, POLITICAL, CULTURAL, AND SOCIAL HISTORY. CARING FOR THE PUBLIC'S SPECIAL COLLECTIONS THE LIBRARY MAINTAINS AND CARES FOR OF ONE THE WORLD'S MOST IMPORTANT PUBLIC COLLECTIONS OF ART, RARE BOOKS, MAPS AND OTHER SPECIAL OBJECTS AND MAKE THESE PRECIOUS OBJECTS, OWNED BY THE PUBLIC, ACCESSIBLE TO PATRONS TODAY AND FAR INTO FUTURE GENERATIONS. STATEWIDE COLLECTION DEVELOPMENT & ACCESS: THIS PROGRAM PRO
Name (title) | Role | Hours | Compensation |
---|---|---|---|
David J Leonard President | Officer | 35 | $0 |
Michael R Colford Director Of Library Services | 35 | $0 | |
Eamon Shelton Director Of Operations | 35 | $0 | |
Priscilla Foley Director Of Neighborhood Services | 35 | $0 | |
Laura S Irmscher Chief Of Collections(resigned January 2022 ) | 35 | $15,791 | |
Ellen Donaghey Chief Financial Officer (cfo) | Officer | 35 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Oclc Forest Press Cataloging Services | 6/29/22 | $228,262 |
Internet Archive Digitization/scanning | 6/29/22 | $154,853 |
Securitas Security Services Usa Inc Security | 6/29/22 | $130,754 |
Innovative Interfaces Inc Polaris Server Software Maintenance | 6/29/22 | $163,283 |
American Program Bureau Inc Speaker Agency | 6/29/22 | $106,750 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $121,634 |
Related organizations | $2,898,284 |
Government grants | $4,353,306 |
All other contributions, gifts, grants, and similar amounts not included above | $1,006,420 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $8,379,644 |
Total Program Service Revenue | $104,454 |
Investment income | $1,423,970 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $21,832 |
Net Rental Income | $1,661,217 |
Net Gain/Loss on Asset Sales | $2,908,773 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $14,868,848 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
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 | $2,942,881 |
Pension plan accruals and contributions | $118,484 |
Other employee benefits | $223,501 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $60,000 |
Fees for services: Accounting | $31,000 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $227,230 |
Fees for services: Other | $1,261,739 |
Advertising and promotion | $36,533 |
Office expenses | $789,296 |
Information technology | $1,310,594 |
Royalties | $0 |
Occupancy | $0 |
Travel | $61,433 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $19,124 |
Interest | $0 |
Payments to affiliates | $990,357 |
Depreciation, depletion, and amortization | $50,315 |
Insurance | $35,766 |
All other expenses | $13,342 |
Total functional expenses | $14,506,628 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $799,940 |
Savings and temporary cash investments | $22,583,052 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,691,295 |
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 | $319,183 |
Net Land, buildings, and equipment | $345,234 |
Investments—publicly traded securities | $63,477,878 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $89,216,582 |
Accounts payable and accrued expenses | $1,361,387 |
Grants payable | $0 |
Deferred revenue | $1,125,080 |
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 | $743,889 |
Total liabilities | $3,230,356 |
Net assets without donor restrictions | $5,321,660 |
Net assets with donor restrictions | $80,664,566 |
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 | $89,216,582 |