Civic Intelligence

The Milton Library Foundation Inc

990 • Fiscal year 2022 • EIN 04-3614024

Jul 01, 2021 to Jun 30, 2022 • Filed on Aug 16, 2022

Organization ProfileWWW.MILTONLIBRARY.ORG/FOUNDATION
P O Box 314Milton, MA 02186

(617) 698-5757

Siviq Scores

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

Liabilities / Assets

41st percentile

0.03x

Higher debt load relative to assets than 41% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

56th percentile

0.12x

Higher debt load relative to revenue than 56% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

96th percentile

78%

Higher net margin than 96% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

18th percentile

-11%

Faster asset growth than 18% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

88th percentile

78%

Faster revenue growth than 88% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets41st percentile

Assets

Down

$1,700,129

Down $214,353 (-11%) from 2021

Net Assets

Down

$1,648,081

Down $172,547 (-9.5%) from 2021

Liabilities

Down

$52,048

Down $41,806 (-45%) from 2021

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin96th percentile

Revenue

Up

$440,288

Up $193,592 (+78%) from 2021

Expenses

Down

$97,016

Down $42,284 (-30%) from 2021

Net Income

Up

$343,272

Up $235,876 (+220%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth18th percentile

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

$3.0M$2.0M$1.0M$0Assets 2010: $294,483Liabilities 2010: $0Net Assets 2010: $294,4832010Assets 2011: $371,897Liabilities 2011: $0Net Assets 2011: $371,8972011Assets 2012: $529,342Liabilities 2012: $5,548Net Assets 2012: $523,7942012Assets 2013: $710,205Liabilities 2013: $307Net Assets 2013: $709,8982013Assets 2014: $829,553Liabilities 2014: $818Net Assets 2014: $828,7352014Assets 2015: $872,808Liabilities 2015: $0Net Assets 2015: $872,8082015Assets 2016: $1,106,983Liabilities 2016: $2,072Net Assets 2016: $1,104,9112016Assets 2017: $1,333,996Liabilities 2017: $2,717Net Assets 2017: $1,331,2792017Assets 2018: $1,280,758Liabilities 2018: $202Net Assets 2018: $1,280,5562018Assets 2019: $1,578,851Liabilities 2019: $25,597Net Assets 2019: $1,553,2542019Assets 2020: $1,512,214Liabilities 2020: $60,938Net Assets 2020: $1,451,2762020Assets 2021: $1,914,482Liabilities 2021: $93,854Net Assets 2021: $1,820,6282021Assets 2022: $1,700,129Liabilities 2022: $52,048Net Assets 2022: $1,648,0812022Assets 2023: $1,796,518Liabilities 2023: $6,716Net Assets 2023: $1,789,8022023Assets 2024: $1,992,487Liabilities 2024: $15,592Net Assets 2024: $1,976,8952024Assets 2025: $2,088,690Liabilities 2025: $13,194Net Assets 2025: $2,075,4962025

Highlighted filing

2022

Assets$1,700,129
Liabilities$52,048
Net Assets$1,648,081
Open 2022 Filing

Operations Trend

Revenue Growth88th percentile

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

$600K$400K$200K$0-$200KRevenue 2010: $95,477Expenses 2010: $70,159Net Income 2010: $25,3182010Revenue 2011: $190,385Expenses 2011: $112,971Net Income 2011: $77,4142011Expenses 2012: $69,4572012Revenue 2013: $210,115Expenses 2013: $35,069Net Income 2013: $175,0462013Revenue 2014: $194,767Expenses 2014: $74,293Net Income 2014: $120,4742014Revenue 2015: $83,351Expenses 2015: $25,163Net Income 2015: $58,1882015Revenue 2016: $219,545Expenses 2016: $36,158Net Income 2016: $183,3872016Revenue 2017: $221,891Expenses 2017: $99,775Net Income 2017: $122,1162017Revenue 2018: $231,725Expenses 2018: $182,506Net Income 2018: $49,2192018Revenue 2019: $256,874Expenses 2019: $154,585Net Income 2019: $102,2892019Revenue 2020: $37,101Expenses 2020: $79,818Net Income 2020: -$42,7172020Revenue 2021: $246,696Expenses 2021: $139,300Net Income 2021: $107,3962021Revenue 2022: $440,288Expenses 2022: $97,016Net Income 2022: $343,2722022Revenue 2023: $124,229Expenses 2023: $94,635Net Income 2023: $29,5942023Revenue 2024: $212,101Expenses 2024: $62,907Net Income 2024: $149,1942024Revenue 2025: $197,856Expenses 2025: $157,821Net Income 2025: $40,0352025

Highlighted filing

2022

Revenue$440,288
Expenses$97,016
Net Income$343,272
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Aug 16, 2022
Return Version
2021v4.0
Gross Receipts
$1,132,488
Mission and Program Overview

Mission

Maintain and support the public library in the town of milton, ma.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,765,417$1,517,302▼ $248,115
Cash and Non-Interest-Bearing Accounts$149,065$182,827▲ $33,762
Total Assets$1,914,482$1,700,129▼ $214,353
Liabilities
Grants Payable$93,806$50,000▼ $43,806
Accounts Payable and Accrued Expenses$48$2,048▲ $2,000
Total Liabilities$93,854$52,048▼ $41,806
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,143,215$1,648,081▲ $504,866
Net Assets With Donor Restrictions$677,413--
Total Net Assets Fund Balance$1,820,628$1,648,081▼ $172,547
Total Liabilities and Net Assets / Fund Balance$1,914,482$1,700,129▼ $214,353

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$1,765,417-▼ $248,114-$1,517,303
2020$1,431,127$58,000▲ $320,096-$1,765,417
2019$1,351,866$125,000▼ $35,502-$1,431,127
2018$1,079,424$80,000▲ $207,653-$1,351,866
2017$1,141,063$30,000▼ $76,866-$1,079,424
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Jessie BourneufPresident
Anne CollinsDirector
Joan MoynaughDirector
Leroy WalkerDirector
Leslie Robinson WillDirector
Nancy ChisholmDirector
Nicole BoysonDirector
John HittClerk
Michael ZullasPast Preside
Amit MitraTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$158,647
Program Service Revenue
$0
Investment Income
$281,641
Other Revenue
$0
All Other Contributions
$158,647
Change in Net Assets
$343,272
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$57,241
Other Expenses$39,775
Total Fundraising Expense$11,604
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$57,241--$57,241
Fees for Service Investment Mgmnt Fees-$13,937-$13,937
Office Expenses-$253$9,344$9,597
Fees for Services Accounting-$7,200-$7,200
Information Technology-$4,909-$4,909
Fees for Services Other-$1,360$2,226$3,586
Insurance-$437-$437
Other Expenses-$35$34$34
Total Functional Expenses$57,241$28,171$11,604$97,016
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Milton Public LibraryMilton, MA-Library Support$57,241
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
Yes
Annual disclosure for covered persons
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Form 990 is reviewed by the treasurer before filing.”

Form 990, Page 6, Part VI, Line 19

“The governing documents, conflict of interest policy and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Milton Library Foundation Inc
EIN
04-3614024
Phone
6176985757
Address
P O BOX 314, MILTON, MA 02186

Signing Officer

Name
Amit Mitra
Title
Treasurer
Phone
7813511499
Signed
2022-08-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Amit Mitra
Formed
2002
Legal Domicile
Ma
Voting Board Members
10
Independent Board Members
10
Employees
0

Preparer

Firm
David M Pinkham CPA LLC
Address
475 SCHOOL STREET SUITE 13, MARSHFIELD, MA 02050
Preparer
David M Pinkham
Phone
7818340444
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Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,700,129
Liabilities
$52,048
Net assets
$1,648,081
Revenue
$440,288
Expenses
$97,016
Net income
$343,272
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.09$0.01$2.08$0.20$0.16$0.04
2024Detailed filing. Detailed filing data is available for this year.$1.99$0.02$1.98$0.21$0.06$0.15
2023Detailed filing. Detailed filing data is available for this year.$1.80$0.01$1.79$0.12$0.09$0.03
2022Detailed filing. Detailed filing data is available for this year.$1.70$0.05$1.65$0.44$0.10$0.34
2021Detailed filing. Detailed filing data is available for this year.$1.91$0.09$1.82$0.25$0.14$0.11
2020Summary only. Only limited summary data is available for this year.$1.51$0.06$1.45$0.04$0.08$0.04
2019Detailed filing. Detailed filing data is available for this year.$1.58$0.03$1.55$0.26$0.15$0.10
2018Detailed filing. Detailed filing data is available for this year.$1.28$0.00$1.28$0.23$0.18$0.05
2017Detailed filing. Detailed filing data is available for this year.$1.33$0.00$1.33$0.22$0.10$0.12
2016Detailed filing. Detailed filing data is available for this year.$1.11$0.00$1.10$0.22$0.04$0.18
2015Detailed filing. Detailed filing data is available for this year.$0.87$0.00$0.87$0.08$0.03$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.83$0.00$0.83$0.19$0.07$0.12
2013Detailed filing. Detailed filing data is available for this year.$0.71$0.00$0.71$0.21$0.04$0.18
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.53$0.01$0.52$0.07
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.37$0.00$0.37$0.19$0.11$0.08
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.29$0.00$0.29$0.10$0.07$0.03