Overview
What is Boston Public Library Fund Inc?
Boston Public Library Fund Inc is a nonprofit organization located in Boston, Massachusetts, specifically at 700 Boylston Street, 02116. Their primary objective is to financially support the Boston Public Library (BPL), ensuring its continued viability, engagement, accessibility, and availability as a free resource for all. They accomplish this by collaborating with donors and other funders, thus providing essential grants for various library programs. This support enables the BPL to deliver its mission effectively, fostering an inclusive and enriching community environment. The organization has a modest team of 14 employees dedicated to its cause.
Official website here: www.bplfund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 93% (Four-Star out of Four Star rating)
Boston Public Library Fund Inc has achieved a commendable Four-Star rating on Charity Navigator, reflecting high standards in accountability and finance. The organization scored exceptionally well in nearly all categories, particularly in governance, with a fully independent board and strong oversight mechanisms in place. This level of transparency and responsible management indicates a solid commitment to ethical practices.
The financial health of the organization is robust, exemplified by a low liabilities-to-assets ratio of 0.76%, which suggests a strong balance sheet. Furthermore, the fundraising efficiency ratio shows that the organization spends only $0.16 to raise a dollar, highlighting effective fundraising efforts. The program expense ratio, however, at 63.81%, indicates that there may be room for improvement in allocating funds directly toward programs.
Overall, the Boston Public Library Fund Inc demonstrates a strong commitment to transparency and fiscal responsibility, making it a trustworthy choice for potential donors. While the organization excels in many areas, enhancing the program expense ratio could further strengthen its impact.
This AI summary has been generated from information found on Charity Navigator.
Is Boston Public Library Fund Inc legitimate?
Boston Public Library Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Boston Public Library Fund 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: $318,248
Professional Fundraising Fees: $21,478
Other Salaries and Wages: $633,432
For more financial information, click here
Official website here: www.bplfund.org
What is the mission statement of Boston Public Library Fund Inc?
The Boston Public Library Fund Inc's mission is to financially support the Boston Public Library (BPL), ensuring its viability, engagement, accessibility, and free availability to all. They achieve this by collaborating with donors and other funders, working together to support various program grants that align with the BPL's mission. The Boston Public Library Fund's role is crucial in maintaining the library's vitality and ensuring it continues to serve as a valuable resource for the community. The fund's contributions enable the library to deliver a wide range of services and programs, promoting literacy, education, and cultural enrichment for its patrons.
Official website here: www.bplfund.org
Who is the CEO of Boston Public Library Fund Inc?
Paula Sakey is the Chair of Boston Public Library Fund Inc.
Official website here: www.bplfund.org
What is the revenue of Boston Public Library Fund Inc?
Boston Public Library Fund Inc's revenue in 2023 was $8,176,290.
Official website here: www.bplfund.org
Who are the executives of Boston Public Library Fund Inc and what are their salaries?
The average compensation at Boston Public Library Fund Inc during 2023 was $67,977. There are 14 employees and 100 volunteers at Boston Public Library Fund Inc.
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Official website here: www.bplfund.org
Where can I find the form 990 for Boston Public Library Fund Inc?
Boston Public Library Fund Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.bplfund.org
Learn more at the official website: www.bplfund.org
Mission Statement of Boston Public Library Fund Inc
Boston Public Library Fund, a nonprofit organization, plays a crucial role in supporting the Boston Public Library (BPL). Its mission is to ensure the library remains viable, engaging, accessible, and free for all, fostering an environment where knowledge and learning thrive. The Boston Public Library Fund achieves this by collaborating with donors and other funders. By providing financial assistance through program grants, the organization helps the Boston Public Library uphold its mission and continue serving its community effectively. The Boston Public Library Fund's financial support allows the library to maintain its services, fostering an inclusive environment where everyone has equal access to resources and opportunities for personal growth and education.
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Impact
July, 2024
The Boston Public Library Fund Inc's impact lies in providing crucial financial support to the Boston Public Library. Through funding various program grants, the organization ensures that the library remains viable, engaging, accessible, and free to all. By working in partnership with donors and other funders, the Boston Public Library Fund plays a significant role in supporting the mission of the Boston Public Library and enhancing educational opportunities for the community.
This information is meant to be a general summary of Boston Public Library Fund 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: $109,005
- Gross Receipts: $8,491,523
Assets and Liabilities:
- Total Assets: $10,156,533
- Total Liabilities: $78,003
- Net Assets: $10,078,530
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Organization Details
Founding Year
1992
Phone
(617) 859-2027Principal Officer
Paula Sakey
Main Address
700 BOYLSTON STREET, BOSTON, MA, 02116
Website
www.bplfund.orgNTEE Category
Code: B70 - Education
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