Old Colony Library Network INC FY2020 filing

Tax-deductible

Braintree, MA501(c)(3)EIN 04-2925259Revenue $1.3M in FY2020

On file with the IRSocln.org25 Braintree Hill Park Ste 200, 02184-8796 · Braintree, MATax-exempt since Feb 1987Publicly supported charity — 170(b)(1)(A)(vi)

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Educational resource Network

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
$121K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $32K a year · 2% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$121K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 7.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$154K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
Spent
$1.2M
To programs
88%
Net assets
$1.7M
By yearFY2020–FY2025
Revenue
$1.3M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.3M
FY2021$1.4M
FY2022$1.3M
FY2023$1.3M
FY2024$1.4M
FY2025$1.5M
Expenses
$1.2M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.2M
FY2021$1.2M
FY2022$1.3M
FY2023$1.4M
FY2024$1.4M
FY2025$1.4M
Net assets
$1.7M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.7M
FY2021$2.0M
FY2022$1.8M
FY2023$1.7M
FY2024$1.8M
FY2025$1.9M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1987.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $1.1M Management & general 12% · $153K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990; $121K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Executive Director
$120,991Pt VII · Sec A
$0Pt VII · Sec A
Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Past President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
David Slater$146,697$145,290$128,705$125,851$123,412$120,991
Jada Maxwell$101,850$106,240————
Nancy Jo Brown———$103,410$101,391—

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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Old Colony Library Network INC is a nonprofit based in Braintree, MA.

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Provided by the organization

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1 program · $1.1M · in their own filed words · FY2019
01

The organization is a cooperative of 28 member libraries located on the south shore of massachusetts. Membership includes 26 town and city libraries and 2 academic libraries. The cooperative nature enables member libraries to provide services that they would not be able to afford on their own.

$1.1Mprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.3M
Ln 12
Fees for servicesLn 2g$966K
Gifts and grantsLn 1h$300K
Investment incomeLn 3$34K
Money outPt IX
$1.2M
Ln 25
Programscol B$1.1M
Managementcol C$153K
Owns and owesPt X
$1.7M
net assets · Ln 32
Cash and savingsLn 1–2$810K
Total assetsLn 16$1.9M
LiabilitiesLn 26$154K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$300K
Government grantsLn 1e$300K
Fees for servicesLn 2g$966K
Investment incomeLn 3$34K
Other incomeLn 4–11$13K
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$133K
SavingsLn 2$677K
Cash and savings togetherLn 1–2$810K
InvestmentsLn 11–13$1.0M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$5K
Total assetsLn 16$1.9M
LiabilitiesLn 26$154K
Net assetsLn 32$1.7M
OperationsPt I, VI
EmployeesI 56
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$579K$810K
InvestmentsLn 11–13$1.1M$1.0M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$1.8M$1.9M
LiabilitiesLn 26$74K$154K
Net assetsLn 32$1.7M$1.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$514K$402K$113K
Pension plan contributionsLn 8$34K$34K
Payroll taxesLn 10$38K$30K$8K
Legal feesLn 11b$500$500
Accounting feesLn 11c$14K$14K
Other fees for servicesLn 11g$6K$6K
Office expensesLn 13$4K$4K
OccupancyLn 16$76K$67K$8K
Conferences, conventions and meetingsLn 19$2K$2K
InsuranceLn 23$13K$13K
Other expenses (24a–d)Ln 24$530K$527K$2K
All other expensesLn 24e$7K$7K
Total functional expensesLn 25$1.2M$1.1M$153K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.5M$1.4M$50K$1.9M 990 PDF
FY2024 $1.4M$1.4M$54K$1.8M 990 PDF
FY2023 $1.3M$1.4M−$99K$1.7M 990 PDF
FY2022 $1.3M$1.3M−$36K$1.8M 990 PDF
FY2021 $1.4M$1.2M$146K$2.0M 990 PDF
FY2020 Viewing $1.3M$1.2M$74K$1.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $1,312,018 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $204,645$299,869
I-9 Program service revenuePrior year $963,754$965,583
I-10 Investment incomePrior year $36,953$33,984
I-11 Other revenuePrior year $0$12,582
I-12 Total revenuePrior year $1,205,352$1,312,018
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $573,291$586,968
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $600,015$651,234
I-18 Total expensesPrior year $1,173,306$1,238,202
I-19 Revenue less expensesPrior year $32,046$73,816
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,312,018 across 5 lines filed
Lines not itemized here account for $33,984 of total revenue; see the IRS return.
VIII-1e Government grants$299,869
VIII-1h Total contributions, gifts and grants$299,869
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $965,583$965,583
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $12,582$12,582
VIII-12 Total revenueRelated to mission $978,165 · Unrelated business $0 · Excluded from tax $33,984$1,312,018
Part IX · Statement of functional expenses $1,238,202 across 12 lines filed
IX-7 Other salaries and wagesPrograms $401,651 · Management $112,767$514,418
IX-8 Pension plan contributionsPrograms $34,444$34,444
IX-10 Payroll taxesPrograms $29,735 · Management $8,371$38,106
IX-11b Legal feesManagement $500$500
IX-11c Accounting feesManagement $14,416$14,416
IX-11g Other fees for servicesManagement $5,758$5,758
IX-13 Office expensesPrograms $4,320$4,320
IX-16 OccupancyPrograms $67,171 · Management $8,442$75,613
IX-19 Conferences, conventions and meetingsPrograms $1,573$1,573
IX-23 InsurancePrograms $12,568$12,568
IX-24 Other expenses (24a–d)Programs $527,494 · Management $2,464$529,958
IX-24e All other expensesPrograms $6,528$6,528
IX-25 Total functional expensesPrograms $1,085,484 · Management $152,718 · Fundraising $0$1,238,202
Part X · Balance sheet $1,900,555 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $36,175$133,042
X-2 Savings and temporary cash investmentsStart of year $543,269$676,686
X-4 Accounts receivableStart of year $14,278$0
X-9 Prepaid expenses and deferred chargesStart of year $54,522$85,046
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $1,099,799$1,000,404
X-15 Other assetsStart of year $4,996$5,377
X-16 Total assetsStart of year $1,753,039$1,900,555
X-17 Accounts payable and accrued expensesStart of year $23,494$33,809
X-19 Deferred revenueStart of year $44,210$0
X-24 Unsecured notes and loans payable$120,000
X-25 Other liabilitiesStart of year $6,749$0
X-26 Total liabilitiesStart of year $74,453$153,809
X-27 Net assets without donor restrictionsStart of year $1,678,586$1,697,316
X-28 Net assets with donor restrictions$49,430
X-32 Total net assets or fund balancesStart of year $1,678,586$1,746,746
X-33 Total liabilities and net assetsStart of year $1,753,039$1,900,555
Part XI · Reconciliation of net assets $1,746,746 net assets at year end
XI-1 Total revenue$1,312,018
XI-2 Total expenses$1,238,202
XI-3 Revenue less expenses$73,816
XI-4 Net assets at start of year$1,678,586
XI-5 Net unrealized gains (losses) on investments−$5,656
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,746,746

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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