Boston Library Consortium EIN 04-2605198 Form 990 (PDF) Claim this org

Boston Library Consortium FY2021 filing

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Shares library resources and develops staff training for academic and research institutions. For fiscal year 2021 it reported $772K in revenue, $658K in expenses, and $931K in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Franklin, MA
Website
www.blc.org
Filings
6 on file (2020–2021)
Revenue
$772KFY2021
Expenses
$658K
Net assets
$931K
People
21
Filings
6
Updates
0
More identity details & actions ⌄
EIN  04-2605198 Public charity (501(c)(3)) Franklin, MA
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →
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Figures match the IRS filing checked 9/13/26 · see original: IRS
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Size
$1–10M
What they do
Shares library resources and develops staff training for academic and research institutions.
Leadership
Susan Stearns · Former Executive Director · $108K
Money in and out
$772K revenue, $658K expenses
Bottom line
71% program efficiency
Where the money goes · FY2021
Total revenue
$772K
Pt VIII · Ln 12
Total expenses
$658K
Pt IX · Ln 25
Net assets
$931K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $114K
Where spending went · Part IX cols B–D
Program services $0.71 Management & general $0.29
Program efficiency
71%
of spending reaches programs
Operating runway
18.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+15%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$772K
FY2021▲ +16%
Expenses
$658K
FY2021▲ +8%
Total assets
$1.1M
FY2021▲ +13%
Total liabilities
$137K
FY2021▲ +8%
Total revenue
$772K
Pt VIII · Ln 12
Total expenses
$658K
Pt IX · Ln 25
Net assets
$931K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$114K
Total assetsPt X · Ln 16$1.1M
Program-expense ratioPt IX · col B71%
Voting members of governing bodyPt I · Ln 319
Independent voting membersPt I · Ln 419

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBoston Library Consortium
EINHdr · item D04-2605198
Principal addressHdr · item CFranklin, MA
WebsiteHdr · item Jwww.blc.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFAug 1977

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a19
Independent voting membersPt VI · Ln 1b19
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Former Executive Director
$108,170Pt VII · Sec A
Executive Director
$80,000Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Past President
$0Pt VII · Sec A
President-Elect
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Charles Barlow$190,152$177,065$166,392$164,833$80,000
Susan Stearns$108,170$184,563

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

3 program services account for $352K of program spending, described in the organization's own filed words · FY2020.
01

East Project

As of june 2015, BLC became the administrative host and fiscal agent for a grant-funded project, the eastern academic scholars' trust (east) which includes 82 libraries engaged in a program to protect the print scholarly record. East funding is a combination of grant funding through 2018 and membership fees.

$195Kprogram expense
02

Professional Development

Throughout the year, BLC offers opportunities for the staff of the member libraries to advance their professional and workforce development. In FY2021, specific programs included: virtual webinars, workshops and meetings of BLC membership communities.

$84Kprogram expense
03

Resourcing Sharing

BLC provides a software infrastructure anddelivery services for the member liabraries for inter-library loanacross the 20 member libraries as well as electronic delivery ofdigital content. All 20 member libraries participate in these services which include use of the oclc and worldcat software, therapidill software and a ups based…

$73Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$702K · 91%
Program service revenue$44K · 6%
Investment income$26K · 3%
Contributions & grants91%$702K
Program service revenue6%$44K
Investment income3%$26K
Total revenueLn 12$772K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.71 Management & general $0.29
Program services71%$466K
Management & general29%$192K
Total functional expensesLn 25$658K

Balance Sheet

Part X · end of year
CashLn 1$1.0M
Total assetsLn 16$1.1M
Total liabilitiesLn 26$137K
Total net assetsLn 32$931K
Months of cash on handcomputed18.6

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.0M · Operating expenses/yr $658K
18.6 months
Where the money goes
Program services
Program services $466K · Total expenses $658K
71%
Management & General
Management & general $192K · Total expenses $658K
29%
Fundraising
Fundraising $0 · Total expenses $658K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $351K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $702K · Total revenue $772K
91%
Government reliance
Government grants — · Total revenue $772K
Earned-income share
Program service revenue $44K · Total revenue $772K
6%
Investment reliance
Investment income $26K · Total revenue $772K
+3%
Program self-sufficiency
Program service revenue $44K · Total expenses $658K
7%
Growth & trend
Revenue growth (YoY)
This year $772K · Prior year $666K
+16%
Net-asset trend (YoY)
End of year $931K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $772K · Expenses $658K
+15%
Liabilities-to-Assets
Total liabilities — · Total assets $1.1M
Net-asset ratio
Net assets $931K · Total assets $1.1M
87%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.1M
0%
People & payroll
Highest Reported Total Compensation
Individual Charles Barlow · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $80K · Total expenses $658K
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $359K · Total expenses $658K
55%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 71%
Overhead ratio 29%
Fundraising cost ratio 0%
Revenue growth 16%
Accounting fee ratio 3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$130K
Grants paid · 2 grants · $277K · 2021–2022

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$1.8M revenue · ⤓ 990 PDF
FY2024$1.5M revenue · ⤓ 990 PDF
FY2023$1.3M revenue · ⤓ 990 PDF
FY2022$816K revenue · ⤓ 990 PDF
FY2021$772K revenue · viewing · ⤓ 990 PDF
FY2020$666K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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