Fenway Library Organization Inc
- Assets
- $2.4m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 5
- Location
- Boston, MA
- Founding
- 07/1987
- Data as of
- 06/2022
- EIN
- 22-2790548
Organization Overview
Fenway Library Organization Inc is located in Boston, MA. The organization was established in 1987. 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, Fenway Library Organization Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fenway Library Organization 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, Fenway Library Organization Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $1.2m during the year ending 06/2022. While expenses have increased by 5.2% 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
USING THE POWER OF PARTNERSHIP TO NURTURE GROWTH AND INNOVATION IN SMALL TO MEDIUM-SIZED ACADEMIC AND SPECIAL LIBRARIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIBRARY SERVICES WE SERVED OUR 38 MEMBER LIBRARIES WITH A PORTFOLIO OF TECHNOLOGY SERVICES (ILS, AUTHENTICATION, DISCOVERY, E-RESOURCE MANAGEMENT, PRESERVATION, ETC.). THESE LIBRARIES INCLUDE APPROXIMATELY 130,000 STUDENTS AND FACULTY WHO HAVE ACCESS TO THESE SERVICES.
STATEWIDE CATALOG - UNDER CONTRACT TO THE COMMONWEALTH OF MASSACHUSETTS, WE PROVIDED HOSTING AND HELPDESK SUPPORT FOR THE STATEWIDE CATALOG. THIS ONLINE LIBRARY RESOURCE IS AVAILABLE TO ALL RESIDENTS OF THE STATE THROUGH THE SERVICES OF THEIR 410 PUBLIC, ACADEMIC, SCHOOL AND SPECIAL LIBRARIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Walter Stine Executive Director/finance Manager | Trustee | 35 | $119,265 |
Joseph Sikowitz Executive Director | Trustee | 35 | $72,779 |
Karen Storin Linitz Past-President/director | OfficerTrustee | 2 | $2,000 |
Heather Edmonds President/director | OfficerTrustee | 1 | $0 |
Cheryl Mcgrath Clerk/director | OfficerTrustee | 0.5 | $0 |
Vivienne Piroli Treasurer/director | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $111,145 |
| 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 | $111,145 |
| Total Program Service Revenue | $1,160,066 |
| Investment income | $60,861 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,332,072 |
| 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. | $178,836 |
| Compensation of current officers, directors, key employees. | $100,292 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $101,847 |
| Pension plan accruals and contributions | $21,462 |
| Other employee benefits | $17,915 |
| Payroll taxes | $23,316 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,628 |
| Advertising and promotion | $0 |
| Office expenses | $4,977 |
| Information technology | $756,950 |
| Royalties | $0 |
| Occupancy | $26,782 |
| 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 | $9,749 |
| Insurance | $3,808 |
| All other expenses | $169 |
| Total functional expenses | $1,178,910 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $296,602 |
| Savings and temporary cash investments | $302,290 |
| Pledges and grants receivable | $0 |
| 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 | $8,931 |
| Net Land, buildings, and equipment | $15,031 |
| Investments—publicly traded securities | $1,777,426 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,400,280 |
| Accounts payable and accrued expenses | $20,729 |
| Grants payable | $0 |
| Deferred revenue | $1,300 |
| 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 | $10,960 |
| Total liabilities | $32,989 |
| Net assets without donor restrictions | $2,367,291 |
| Net assets with donor restrictions | $0 |
| 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 | $2,400,280 |
Endowment Analysis
| Beg. Balance | $1,999,468 |
| Earnings | -$223,042 |
| Ending Balance | $1,776,426 |
Peer Organizations
| 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 |