Overview
What is Massachusetts Library System Inc?
The Massachusetts Library System Inc, located in Marlborough, Massachusetts, is a state-supported collaborative that fosters cooperation, communication, innovation, and resource sharing among approximately 1,600 libraries of various types and sizes across the Commonwealth. Established in July 2010, their mission is to promote equitable access to excellent library services and resources for all Massachusettians. This nonprofit organization, with a team of 90 employees, supports regional libraries, enhances library programs, and advocates for library initiatives, ensuring library patrons in Massachusetts receive quality resources and services.
Official website here: www.masslibsystem.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
The Massachusetts Library System Inc has earned a commendable Four-Star rating from Charity Navigator, reflecting its high level of accountability and financial transparency. With a score of 96%, the organization demonstrates robust financial health and sound management practices, which are crucial for building trust among donors and stakeholders.
Significantly, the organization has a fully independent board of directors, which enhances its governance structure. The charity scored particularly well in areas such as financial oversight, with no material diversion of assets reported, and maintains a strong program expense ratio of nearly 95%, indicating that most of its funds are directed towards its mission-related activities.
While the data highlights the strengths of the Massachusetts Library System Inc, ongoing vigilance in upholding these standards will be essential for maintaining its high rating. The organization will need to continue demonstrating effective management and transparency to sustain donor confidence and community support.
This AI summary has been generated from information found on Charity Navigator.
Is Massachusetts Library System Inc legitimate?
Massachusetts Library System Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Massachusetts Library System 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,193,835
For more financial information, click here
Official website here: www.masslibsystem.org
What is the mission statement of Massachusetts Library System Inc?
The Massachusetts Library System Inc is a state-supported collaborative that encourages cooperation, communication, innovation, and resource sharing among libraries in Massachusetts. Its primary goal is to promote equitable access to high-quality library services and resources for all residents, workers, and students in the state. The Massachusetts Library System serves approximately 1,600 libraries of various types and sizes, fostering an environment that fosters collaboration and supports library programs. Through its efforts, it fosters access to excellent library services and resources for everyone in Massachusetts.
Official website here: www.masslibsystem.org
Who is the CEO of Massachusetts Library System Inc?
Anna Bognolo is the Executive Director of Massachusetts Library System Inc.
Official website here: www.masslibsystem.org
What is the revenue of Massachusetts Library System Inc?
Massachusetts Library System Inc's revenue in 2023 was $12,470,405.
Official website here: www.masslibsystem.org
Who are the executives of Massachusetts Library System Inc and what are their salaries?
The average compensation at Massachusetts Library System Inc during 2023 was $24,376. There are 90 employees at Massachusetts Library System Inc.
Here are 18 key members and their salaries:
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Official website here: www.masslibsystem.org
Where can I find the form 990 for Massachusetts Library System Inc?
Massachusetts Library System Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.masslibsystem.org
Learn more at the official website: www.masslibsystem.org
Mission Statement of Massachusetts Library System Inc
The Massachusetts Library System, or MLS, is a state-supported collaborative that fosters cooperation, communication, innovation, and sharing among libraries of all types and sizes throughout Massachusetts. With a mission to promote equitable access to excellent library services and resources for all residents, students, and workers in Massachusetts, MLS serves approximately 1,600 libraries across the Commonwealth.
Established in July 2010, MLS supports and promotes library programs in the region by offering various services tailored to its diverse membership. The Massachusetts Library System encourages cooperation among its members, enabling libraries to communicate and share resources effectively. Its innovative approach to fostering collaboration includes fostering open lines of communication, encouraging the adoption of new technologies, and facilitating resource-sharing initiatives. By doing so, MLS ensures that libraries have the tools they need to serve their communities effectively and efficiently.
Additionally, the Massachusetts Library System is dedicated to promoting equitable access to high-quality library services and resources for everyone in Massachusetts. The organization's collaborative efforts result in the sharing of best practices, expertise, and resources, ensuring that libraries of all sizes and types can provide their patrons with the best possible library experience. As a result, libraries throughout the Commonwealth are able to offer excellent services and resources, providing valuable opportunities for learning, growth, and community engagement.
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Impact
October, 2024
Massachusetts Library System Inc has a significant impact on the state's library landscape by providing vital support and resources to approximately 1,600 libraries across various types and sizes. Established in 2010, the organization serves as a collaborative platform that fosters cooperation and communication among libraries.
One of its key contributions is promoting equitable access to high-quality library services, ensuring that all individuals—whether residents, workers, or students in Massachusetts—can benefit from vital information and educational resources. By facilitating innovation and resource sharing, the Massachusetts Library System enhances the capabilities of local libraries, enabling them to better serve their communities. This commitment to collaboration not only strengthens individual libraries but also enriches the overall library experience for patrons throughout the Commonwealth, making libraries more relevant and accessible to diverse populations.
This information is meant to be a general summary of Massachusetts Library System 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: $43,070
- Program Service Revenue: $1,197,154
- Gross Receipts: $12,470,405
Assets and Liabilities:
- Total Assets: $7,826,078
- Total Liabilities: $991,207
- Net Assets: $6,834,871
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBER SERVICE FEES
Revenue
$854,337
MHEC REVENUE
Revenue
$281,149
OTHER PROGRAM REVENUE
Revenue
$61,668
Organization Details
Founding Year
1997
Phone
(508) 357-2121Principal Officer
Anna Bognolo
Main Address
33 BOSTON POST ROAD WEST 400, MARLBOROUGH, MA, 01752
Website
www.masslibsystem.orgNTEE Category
Code: B70 - Education
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