Overview
What is Boston Library Consortium Inc?
Boston Library Consortium Inc, established in 1977, is a Massachusetts-based nonprofit organization primarily serving universities, colleges, state libraries, research libraries, and public libraries primarily in the Northeastern United States. With a mission to empower a coalition of libraries, it facilitates knowledge sharing, infrastructure, and resource utilization at a large scale. Since 2015, it has served as the fiscal sponsor for the Eastern Academic Scholars' Trust (EAST), a shared print project aimed at preserving and providing long-term access to print collections. As of May 31, 2023, EAST has 134 member libraries across 15 states. The Boston Library Consortium Inc's Board of Directors holds governing authority over EAST. With a total of 6 employees, the organization fosters collaboration among its members, promoting the collective growth and success of the libraries it serves.
Official website here: www.blc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Boston Library Consortium Inc has achieved a high rating of 96%, which reflects excellent accountability and financial management practices. This score is derived solely from the Accountability & Finance beacon, indicating a strong focus on governance and transparency in its operations. The organization has earned full points in several key areas, including independent board membership and financial oversight, showcasing its commitment to ethical practices.
Strengths noted in the evaluation include a fully independent board consisting of 22 members and effective financial management, with a program expense ratio of 78.50%. The organization demonstrates strong policies on conflict of interest, whistleblowing, and document retention, which contribute to its high accountability standards. The absence of material diversion of assets and a favorable liabilities to assets ratio further enhance its financial viability.
Despite its strong performance, the summary does not highlight any significant limitations or areas for improvement for the Boston Library Consortium Inc. Overall, the organization stands out for its robust governance and effective use of resources, making it a reputable choice for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Boston Library Consortium Inc legitimate?
Boston Library Consortium Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Boston Library Consortium Inc 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:
Executive Compensation: $166,392
Professional Fundraising Fees: $0
Other Salaries and Wages: $303,811
For more financial information, click here
Official website here: www.blc.org
What is the mission statement of Boston Library Consortium Inc?
The Boston Library Consortium Inc, often referred to as BLC, was established with the mission to empower a coalition of libraries in the northeastern United States to share knowledge, infrastructure, and resources on a larger scale. By fostering collaboration among public, private universities, liberal arts colleges, state libraries, special research libraries, and public libraries, BLC aims to enhance the collective capacity of these institutions. The organization serves as the fiscal sponsor for the Eastern Academic Scholars' Trust (EAST), a shared print project initiated in 2015, which aims to preserve and provide long-term access to print collections among academic and research libraries. BLC's Board of Directors holds full governing authority over EAST, contributing to its success and growth.
Official website here: www.blc.org
Who is the CEO of Boston Library Consortium Inc?
Charles Barlow is the President of Boston Library Consortium Inc.
Official website here: www.blc.org
What is the revenue of Boston Library Consortium Inc?
Boston Library Consortium Inc's revenue in 2023 was $1,260,000.
Official website here: www.blc.org
Who are the executives of Boston Library Consortium Inc and what are their salaries?
The average compensation at Boston Library Consortium Inc during 2023 was $78,367. There are 6 employees and 400 volunteers at Boston Library Consortium Inc.
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- Compensation: $166,392
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- Other: $13,829
Official website here: www.blc.org
Where can I find the form 990 for Boston Library Consortium Inc?
Boston Library Consortium Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.blc.org
Learn more at the official website: www.blc.org
Mission Statement of Boston Library Consortium Inc
The Boston Library Consortium Inc, a not-for-profit organization, has a mission to empower a coalition of libraries in the northeastern United States to share knowledge, infrastructure, and resources on a larger scale. By fostering collaboration among public and private universities, liberal arts colleges, state libraries, special research libraries, and public libraries, this consortium aims to leverage collective strengths and resources, thereby enhancing the accessibility and utilization of information for scholars and researchers.
In line with its mission, Boston Library Consortium Inc serves as the fiscal sponsor for the Eastern Academic Scholars' Trust (EAST), a shared print project initiated in 2015. EAST is a collaborative effort among academic and research libraries across fifteen states, with the aim of documenting, protecting, and ensuring long-term access to their print collections. The Boston Library Consortium's Board of Directors holds full governing authority over EAST, demonstrating its commitment to supporting and driving the success of this collaborative initiative.
In summary, Boston Library Consortium Inc's mission is to facilitate knowledge sharing, infrastructure development, and resource pooling among libraries in the northeastern United States. By leveraging the collective strengths and resources of its members, this consortium seeks to enhance the accessibility and utilization of information for scholars and researchers, thereby advancing academic and research pursuits.
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Impact
July, 2024
Boston Library Consortium Inc, through its mission to empower a coalition of libraries in the northeastern United States to share knowledge, infrastructure, and resources at scale, has had a significant impact on the academic and research community. By serving public and private universities, liberal arts colleges, state libraries, special research libraries, and public libraries primarily in the Northeastern United States, the organization facilitates collaboration and resource-sharing among its members.
One of its notable projects, the Eastern Academic Scholars' Trust (EAST) initiative, demonstrates BLC's commitment to preserving and providing long-term access to print collections from academic and research libraries. This collaborative effort, with 134 members in fifteen states as of May 31, 2023, is a vital contribution to ensuring the accessibility of scholarly materials for future generations.
Overall, Boston Library Consortium Inc plays a crucial role in fostering collaboration, innovation, and knowledge exchange within the academic and library community, ultimately benefiting researchers, students, and the broader society by enhancing access to valuable resources.
This information is meant to be a general summary of Boston Library Consortium Inc. 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: -$731
- Gross Receipts: $1,266,554
Assets and Liabilities:
- Total Assets: $1,067,679
- Total Liabilities: $314,061
- Net Assets: $753,618
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Organization Details
Founding Year
1970
Phone
(617) 669-0550Principal Officer
Charles Barlow
Main Address
31 HAYWARD ST 2F, FRANKLIN, MA, 02038
Website
www.blc.orgNTEE Category
Code: B03 - Education
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