Overview
What is The Boston Library Society?
The Boston Library Society is a nonprofit organization that financially supports the Boston Athenaeum, a tax-exempt institution situated in Boston, Massachusetts. The Boston Athenaeum serves as an independent library, meticulously preserving and expanding its substantial collections of historical documents, literature, and art. Its mission extends beyond its members and the public, offering not just circulating and reference collections but also lectures, exhibitions, and publications. The organization functions as a research hub for scholars, while also providing services to the broader community. The Boston Library Society contributes significantly to the preservation and enhancement of its National Historic Landmark building.
Official website here: www.bostonathenaeum.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Stars
The Boston Library Society has achieved an impressive score of 97%, which translates to a Four-Star rating on Charity Navigator. This high rating is primarily due to its robust accountability and finance metrics, reflecting a strong commitment to transparency and responsible financial management. The organization maintains a fully independent board, which is crucial for ensuring impartial governance and decision-making.
The Society showcases several strengths, including a perfect score in key areas such as board independence, asset management, and program expenses. With no liabilities reported, the organization demonstrates sound financial health, allowing it to focus resources on its mission effectively. Its compliance with essential policies, such as conflict of interest and whistleblower policies, further enhances its credibility and operational integrity.
While the data reflects strong performance, potential donors and stakeholders may still consider the overall impact of the Society's programs and activities, as the score is based solely on financial metrics. However, the organization’s commitment to accountability suggests a foundation that can effectively manage its resources and fulfill its mission.
This AI summary has been generated from information found on Charity Navigator.
Is The Boston Library Society legitimate?
The Boston Library Society is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Boston Library Society submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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For more financial information, click here
Official website here: www.bostonathenaeum.org
What is the mission statement of The Boston Library Society?
The Boston Library Society supports another tax-exempt organization, the Boston Athenaeum, by allocating funds to it. The Boston Athenaeum is an independent library dedicated to preserving and expanding its extensive collections of history, literature, and art. It serves a wide community of scholars as a research center, catering to its membership and the public through circulating and reference collections, lectures, exhibitions, and publications. Furthermore, the Boston Athenaeum is committed to preserving and enhancing its national historic landmark building.
Official website here: www.bostonathenaeum.org
What is the revenue of The Boston Library Society?
The Boston Library Society's revenue in 2023 was $29,627.
Official website here: www.bostonathenaeum.org
Who are the executives of The Boston Library Society and what are their salaries?
There 12 volunteers at The Boston Library Society.
Here are 14 key members and their salaries:
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- Related: $327,847
- Other: $27,742
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- Related: $156,550
- Other: $39,367
Official website here: www.bostonathenaeum.org
Where can I find the form 990 for The Boston Library Society?
The Boston Library Society's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.bostonathenaeum.org
Learn more at the official website: www.bostonathenaeum.org
Mission Statement of The Boston Library Society
The Boston Library Society plays a significant role in supporting the Boston Athenaeum, a tax-exempt organization. This esteemed organization allocates funds to the Athenaeum, which is dedicated to preserving and expanding its substantial collections of history, literature, and art. The Boston Athenaeum serves as a research center for a broad community of scholars and caters to its membership and the public through circulating and reference collections, lectures, exhibitions, and publications. Furthermore, the Athenaeum is committed to preserving and enhancing its national historic landmark building. The Boston Library Society's contributions enable the Athenaeum to thrive in its mission to serve scholars, its membership, and the public.
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Impact
August, 2024
The Boston Library Society's impact can be seen through its allocation of funds to the Boston Athenaeum, a tax-exempt organization dedicated to maintaining and expanding its important collections of history, literature, and art. By supporting the Boston Athenaeum, the Boston Library Society contributes to the preservation and enhancement of a significant cultural and educational institution. This partnership helps to serve a wide community of scholars as a hub for research, as well as provide valuable resources, such as circulating and reference collections, lectures, exhibitions, and publications, to its members and the public. Overall, the Boston Library Society's funding plays a crucial role in promoting education, fostering research, and preserving the rich heritage represented by the Boston Athenaeum.
This information is meant to be a general summary of The Boston Library Society. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $23,075
- Gross Receipts: $148,990
Assets and Liabilities:
- Total Assets: $897,842
- Total Liabilities: $0
- Net Assets: $897,842
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Organization Details
Founding Year
1794
Principal Officer
Leah Rosovsky
Website
www.bostonathenaeum.orgNTEE Category
Code: B70 - Education
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