Civic Intelligence

Massachusetts Library System Inc.

990 • Fiscal year 2020 • EIN 04-3387698

Jul 01, 2019 to Jun 30, 2020 • Filed on Sep 17, 2020

33 Boston Post Road West No 400Marlborough, MA 01752

(508) 357-2121

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

24th percentile

0.03x

Higher debt load relative to assets than 24% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

13th percentile

0.01x

Higher debt load relative to revenue than 13% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

68th percentile

14%

Higher net margin than 68% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

50th percentile

$121,906

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

84th percentile

35%

Faster asset growth than 84% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

67th percentile

11%

Faster revenue growth than 67% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Up

$5,141,979

Up $1,341,043 (+35%) from 2019

Net Assets

Up

$5,007,480

Up $1,352,385 (+37%) from 2019

Liabilities

Down

$134,499

Down $11,342 (-7.8%) from 2019

Revenue

Up

$9,641,285

Up $932,395 (+11%) from 2019

Expenses

Up

$8,288,110

Up $17,654 (+0.2%) from 2019

Net Income

Up

$1,353,175

Up $914,741 (+209%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2011: $2,961,333Liabilities 2011: $149,547Net Assets 2011: $2,811,7862011Assets 2012: $3,326,579Liabilities 2012: $111,292Net Assets 2012: $3,215,2872012Assets 2013: $3,868,732Liabilities 2013: $143,331Net Assets 2013: $3,725,4012013Assets 2014: $4,124,466Liabilities 2014: $131,606Net Assets 2014: $3,992,8602014Assets 2015: $4,324,961Liabilities 2015: $375,802Net Assets 2015: $3,949,1592015Assets 2016: $4,033,881Liabilities 2016: $137,869Net Assets 2016: $3,896,0122016Assets 2017: $3,165,598Liabilities 2017: $111,171Net Assets 2017: $3,054,4272017Assets 2018: $3,516,186Liabilities 2018: $299,452Net Assets 2018: $3,216,7342018Assets 2019: $3,800,936Liabilities 2019: $145,841Net Assets 2019: $3,655,0952019Assets 2020: $5,141,979Liabilities 2020: $134,499Net Assets 2020: $5,007,4802020Assets 2021: $6,434,089Liabilities 2021: $120,215Net Assets 2021: $6,313,8742021Assets 2022: $7,404,141Liabilities 2022: $119,859Net Assets 2022: $7,284,2822022Assets 2023: $7,826,078Liabilities 2023: $991,207Net Assets 2023: $6,834,8712023Assets 2024: $8,922,768Liabilities 2024: $843,850Net Assets 2024: $8,078,9182024Assets 2025: $11,366,833Liabilities 2025: $608,687Net Assets 2025: $10,758,1462025

Highlighted filing

2020

Assets$5,141,979
Liabilities$134,499
Net Assets$5,007,480

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MExpenses 2011: $7,152,4982011Revenue 2012: $7,171,793Expenses 2012: $6,768,893Net Income 2012: $402,9002012Revenue 2013: $7,783,496Expenses 2013: $7,272,872Net Income 2013: $510,6242013Revenue 2014: $7,956,884Expenses 2014: $7,690,585Net Income 2014: $266,2992014Revenue 2015: $8,301,658Expenses 2015: $8,346,859Net Income 2015: -$45,2012015Revenue 2016: $8,606,751Expenses 2016: $8,657,846Net Income 2016: -$51,0952016Revenue 2017: $8,400,166Expenses 2017: $9,242,903Net Income 2017: -$842,7372017Revenue 2018: $8,450,815Expenses 2018: $8,287,579Net Income 2018: $163,2362018Revenue 2019: $8,708,890Expenses 2019: $8,270,456Net Income 2019: $438,4342019Revenue 2020: $9,641,285Expenses 2020: $8,288,110Net Income 2020: $1,353,1752020Revenue 2021: $10,392,045Expenses 2021: $9,085,613Net Income 2021: $1,306,4322021Revenue 2022: $11,793,761Expenses 2022: $10,823,353Net Income 2022: $970,4082022Revenue 2023: $12,470,405Expenses 2023: $12,919,016Net Income 2023: -$448,6112023Revenue 2024: $13,947,906Expenses 2024: $12,703,852Net Income 2024: $1,244,0542024Revenue 2025: $15,334,761Expenses 2025: $12,655,533Net Income 2025: $2,679,2282025

Highlighted filing

2020

Revenue$9,641,285
Expenses$8,288,110
Net Income$1,353,175
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Sep 17, 2020
Return Version
2019v5.1
Gross Receipts
$9,641,285
Mission and Program Overview

Mission

To operate a regional library system and to provide, support and promote library programs, services, and materials in massachusetts.

To provide support and materials to regional libraries and provide support and promotion to library programs, serving all library patrons in the massachusetts area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Prepaid Expenses and Deferred Charges$967,505$2,032,187▲ $1,064,682
Investments Other Securities$1,397,861$1,409,601▲ $11,740
Cash and Non-Interest-Bearing Accounts$560,871$1,023,233▲ $462,362
Savings and Temporary Cash Investments$707,970$561,844▼ $146,126
Land, Buildings, and Equipment, Net$72,339$60,458▼ $11,881
Accounts Receivable$89,524$54,656▼ $34,868
Total Assets$3,800,936$5,141,979▲ $1,341,043
Other Assets Total$4,866$0▼ $4,866
Liabilities
Accounts Payable and Accrued Expenses$145,060$133,718▼ $11,342
Deferred Revenue$781$781→ $0
Total Liabilities$145,841$134,499▼ $11,342
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,282,915$3,635,300▲ $1,352,385
Net Assets With Donor Restrictions$1,372,180$1,372,180→ $0
Total Net Assets Fund Balance$3,655,095$5,007,480▲ $1,352,385
Total Liabilities and Net Assets / Fund Balance$3,800,936$5,141,979▲ $1,341,043

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$60,458$352,863$413,321
Other Securities$1,409,601--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Sarah SogigianExecutive DirectorFT$121,906$121,906

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$8,651,242
Program Service Revenue
$746,243
Investment Income
$13,772
Other Revenue
$230,028
Change in Net Assets
$1,353,175

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,641,285
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-790
Total Revenue per Audited Statements
$9,640,495
Total Revenue per Form 990
$9,641,285
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,038,801
Salaries, Compensation, and Employee Benefits$2,249,309
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,470,105$301,106-$1,771,211
Other Employee Benefits$190,004$38,916-$228,920
Payroll Taxes$138,548$28,378-$166,926
Occupancy$128,504$26,319-$154,823
Pension Plan Contributions$68,269$13,983-$82,252
Travel$68,344--$68,344
Other Expenses$57,514--$57,514
All Other Expenses$53,233$2,597-$55,830
Fees for Services Accounting-$33,788-$33,788
Depreciation Depletion$24,628$5,043-$29,671
Fees for Services Other-$27,324-$27,324
Office Expenses-$10,538-$10,538
Fees for Services Legal-$5,488-$5,488
Total Functional Expenses$7,794,630$493,480$0$8,288,110

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,288,110
Total Expenses per Audited Statements$8,288,110
Total Expenses per Form 990$8,288,110
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

The organization is organized as a non-stock corporation with a board of directors instead of members or stockholders.

Form 990, Part VI, Section A, Line 7B

The organization is organized as a non-stock corporation with a board of directors instead of members or stockholders.

Form 990, Part VI, Section B, Line 11B

A copy of the draft 990 return is given to the administrator and the board of directors for review. Once reviewed and approved, any changes are made and the final return is completed.

Form 990, Part VI, Section B, Line 12C

Directors, officers and council members are required to fully disclose the nature of the interest and withdraw from discussion. Meeting minutes record such disclosures and abstensions.

Form 990, Part VI, Section B, Line 15

The organization's board of directors determines compensation of management based on performance and availability of funding.

Form 990, Part VI, Section C, Line 18

The organization's governing documents can be viewed on guidestar.org and are also available upon request.

Form 990, Part VI, Section C, Line 19

The organization's governing documents can be viewed on guidestar.org and are also available upon request.

Filing and Contact Details

Filer

Filer Name
Massachusetts Library System Inc
EIN
04-3387698
Phone
5083572121
Address
33 BOSTON POST ROAD WEST NO 400, MARLBOROUGH, MA 01752

Signing Officer

Name
Matthew Berube
Title
Board President
Phone
5083572121
Signed
2020-09-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew Berube
Formed
1997
Legal Domicile
Ma
Voting Board Members
15
Independent Board Members
15
Employees
88
Volunteers
0

Preparer

Firm
Marcum Llp
Address
155 SOUTH MAIN STREET SUITE 100, PROVIDENCE, RI 02903
Preparer
David Fontaine
Phone
4014576700
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The process has not changed from the prior year

Financial Statement Notes

PART X, LINE 2:

The agency is recognized as an organization exempt from federal income taxes under section 501(c)(3) of the internal revenue code (the "code") whereby only unrelated business income, as defined by section 512(a)(1) of the code, is subject to federal income tax. In addition, the agency has been determined by the internal revenue service not to be a private foundation within the meaning of section 509(a) of the code. The agency recognizes and measures its unrecognized tax positions in accordance with fasb asc 740, income taxes. Under that guidance the agency assesses the likelihood, based on their technical merit, that tax positions will be sustained upon examination based on the facts, circumstances and information available at the end of each period. The measurement of unrecognized tax positions is adjusted when new information is available, or when an event occurs that requires a change. Interest and penalties associated with unrecognized tax positions are classified as additional income taxes in the combined statement of activities. The agency did not identify any uncertain tax positions in 2020 or 2019. The agency is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

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IRS990/Form990PartVIISectionAGrp/TitleTxt4PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
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IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0THE MASSACHUSETTS LIBRARY SYSTEM, A STATE-SUPPORTED COLLABORATIVE, FOSTERS COOPERATION, COMMUNICATION, INNOVATION, AND SHARING AMONG MEMBER LIBRARIES OF ALL TYPES. THE MASSACHUSETTS LIBRARY SYSTEM PROMOTES EQUITABLE ACCESS TO EXCELLENT LIBRARY SERVICES AND RESOURCES FOR ALL WHO LIVE, WORK, OR STUDY IN MASSACHUSETTS.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE AGENCY IS RECOGNIZED AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE") WHEREBY ONLY UNRELATED BUSINESS INCOME, AS DEFINED BY SECTION 512(A)(1) OF THE CODE, IS SUBJECT TO FEDERAL INCOME TAX. IN ADDITION, THE AGENCY HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE CODE. THE AGENCY RECOGNIZES AND MEASURES ITS UNRECOGNIZED TAX POSITIONS IN ACCORDANCE WITH FASB ASC 740, INCOME TAXES. UNDER THAT GUIDANCE THE AGENCY ASSESSES THE LIKELIHOOD, BASED ON THEIR TECHNICAL MERIT, THAT TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BASED ON THE FACTS, CIRCUMSTANCES AND INFORMATION AVAILABLE AT THE END OF EACH PERIOD. THE MEASUREMENT OF UNRECOGNIZED TAX POSITIONS IS ADJUSTED WHEN NEW INFORMATION IS AVAILABLE, OR WHEN AN EVENT OCCURS THAT REQUIRES A CHANGE. INTEREST AND PENALTIES ASSOCIATED WITH UNRECOGNIZED TAX POSITIONS ARE CLASSIFIED AS ADDITIONAL INCOME TAXES IN THE COMBINED STATEMENT OF ACTIVITIES. THE AGENCY DID NOT IDENTIFY ANY UNCERTAIN TAX POSITIONS IN 2020 OR 2019. THE AGENCY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$11.4$0.61$10.8$15.3$12.7$2.68
2024Detailed filing. Detailed filing data is available for this year.$8.92$0.84$8.08$13.9$12.7$1.24
2023Detailed filing. Detailed filing data is available for this year.$7.83$0.99$6.83$12.5$12.9$0.45
2022Detailed filing. Detailed filing data is available for this year.$7.40$0.12$7.28$11.8$10.8$0.97
2021Detailed filing. Detailed filing data is available for this year.$6.43$0.12$6.31$10.4$9.09$1.31
2020Detailed filing. Detailed filing data is available for this year.$5.14$0.13$5.01$9.64$8.29$1.35
2019Detailed filing. Detailed filing data is available for this year.$3.80$0.15$3.66$8.71$8.27$0.44
2018Detailed filing. Detailed filing data is available for this year.$3.52$0.30$3.22$8.45$8.29$0.16
2017Detailed filing. Detailed filing data is available for this year.$3.17$0.11$3.05$8.40$9.24$0.84
2016Detailed filing. Detailed filing data is available for this year.$4.03$0.14$3.90$8.61$8.66$0.05
2015Detailed filing. Detailed filing data is available for this year.$4.32$0.38$3.95$8.30$8.35$0.05
2014Detailed filing. Detailed filing data is available for this year.$4.12$0.13$3.99$7.96$7.69$0.27
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.87$0.14$3.73$7.78$7.27$0.51
2012Summary only. Only limited summary data is available for this year.$3.33$0.11$3.22$7.17$6.77$0.40
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.96$0.15$2.81$7.15