Milton Library Foundation INC: Nonprofit Profile, Financials & Form 990 (EIN 04-3614024)

Revenue by fiscal year
FY2021	$247K
FY2022	$440K
FY2023	$124K
FY2024	$212K
FY2025	$198K

Expenses by fiscal year
FY2021	$139K
FY2022	$97K
FY2023	$95K
FY2024	$63K
FY2025	$158K

Net assets by fiscal year
FY2021	$1.8M
FY2022	$1.6M
FY2023	$1.8M
FY2024	$2.0M
FY2025	$2.1M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2002.

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

Where the money goes

88 cents of each dollar spent went to programs.

88%

Program services 88% · $139K Management & general 11% · $17K Fundraising 1% · $1K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Paul Hays

President

$0Pt VII · Sec A

Raymond Czwakiel

Treasurer

$0Pt VII · Sec A

Kathleen O'Donnell

Secretary

$0Pt VII · Sec A

Janice Parr

Assistant Se

$0Pt VII · Sec A

See Milton Library Foundation INC executive salaries →

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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 15aNo

Programs and updates

Supports and maintains the public library in Milton, MA.

Provided by the organization

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1 program · $139K · in their own filed words · FY2024

01

Grants for the maintenance of buildings in the public library system in the town of milton, ma, as well as to provide books, materials, services, and other programs within the library system.

$139Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2024

The John and Mary Corcoran Family FoundationFY2024$10K

The@sooner FoundationFY2024$1K

Bernice B Godine Fam Foundation TrFY2024$150

Total grants receivedfrom 3 funders$11K

See all 3 funders →

Grants paid · 5 grants · $287K · 2020–2024

Milton Public LibraryFY2024$74,180

Milton Public LibraryFY2023$13,436

Milton Public LibraryFY2022$47,221

Milton Public LibraryFY2021$57,241

Milton Public LibraryFY2020$94,978

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$198K

Ln 12

Gifts and grantsLn 1h$99K

Investment incomeLn 3$99K

Money outPt IX

$158K

Ln 25

Programscol B$139K

Managementcol C$17K

Fundraisingcol D$1K

Owns and owesPt X

$2.1M

net assets · Ln 32

Cash and savingsLn 1–2$137K

Total assetsLn 16$2.1M

LiabilitiesLn 26$13K

PeoplePt VI, VII

4

listed · VII A

PaidVII A0

Voting boardVI 1a3

IndependentVI 1b3

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$99K

Investment incomeLn 3$99K

Gains on assetsLn 7$50K

Total revenueLn 12$198K

Assets in detailPt X, end of year

CashLn 1$137K

Cash and savings togetherLn 1–2$137K

InvestmentsLn 11–13$2.0M

Total assetsLn 16$2.1M

LiabilitiesLn 26$13K

Net assetsLn 32$2.1M

OperationsPt I, VI

EmployeesI 50

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$188K	$137K
InvestmentsLn 11–13	$1.8M	$2.0M
Total assetsLn 16	$2.0M	$2.1M
LiabilitiesLn 26	$16K	$13K
Net assetsLn 32	$2.0M	$2.1M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$74K	$74K
Accounting feesLn 11c	$8K		$8K
Investment management feesLn 11f	$10K	$10K
Other fees for servicesLn 11g	$3K		$3K
Office expensesLn 13	$159		$159
Information technologyLn 14	$5K		$5K
InsuranceLn 23	$461		$461
Other expenses (24a–d)Ln 24	$56K	$55K		$1K
All other expensesLn 24e	$85		$85
Total functional expensesLn 25	$158K	$139K	$17K	$1K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$198K	$158K	$40K	$2.1M	990 PDF
FY2024	$212K	$63K	$149K	$2.0M	990 PDF
FY2023	$124K	$95K	$30K	$1.8M	990 PDF
FY2022	$440K	$97K	$343K	$1.6M	990 PDF
FY2021	$247K	$139K	$107K	$1.8M	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 FY2025 990 (5 parts)

Part I · Summary $197,856 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $71,711$98,996

I-9 Program service revenue$0

I-10 Investment incomePrior year $140,390$98,860

I-11 Other revenue$0

I-12 Total revenuePrior year $212,101$197,856

I-13 Grants and similar amounts paidPrior year $13,436$74,180

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $49,471$83,641

I-18 Total expensesPrior year $62,907$157,821

I-19 Revenue less expensesPrior year $149,194$40,035

Part VIII · Statement of revenue $197,856 across 5 lines filed

VIII-1f All other contributions, gifts and grants$98,996

VIII-1h Total contributions, gifts and grants$98,996

VIII-3 Investment incomeExcluded from tax $48,839$48,839

VIII-7 Net gain or loss on sales of assetsExcluded from tax $50,021$50,021

VIII-12 Total revenueExcluded from tax $98,860$197,856

Part IX · Statement of functional expenses $157,821 across 9 lines filed

IX-1 Grants to domestic organizationsPrograms $74,180$74,180

IX-11c Accounting feesManagement $8,250$8,250

IX-11f Investment management feesPrograms $10,052$10,052

IX-11g Other fees for servicesManagement $3,375$3,375

IX-13 Office expensesManagement $159$159

IX-14 Information technologyManagement $4,800$4,800

IX-23 InsuranceManagement $461$461

IX-24 Other expenses (24a–d)Programs $55,222 · Fundraising $1,237$56,459

IX-24e All other expensesManagement $85$85

IX-25 Total functional expensesPrograms $139,454 · Management $17,130 · Fundraising $1,237$157,821

Part X · Balance sheet $2,088,690 assets, 10 lines filed

X-1 Cash, non-interest-bearingStart of year $187,815$136,644

X-11 Publicly traded securitiesStart of year $1,804,672$1,952,046

X-16 Total assetsStart of year $1,992,487$2,088,690

X-17 Accounts payable and accrued expensesStart of year $2,156$2,099

X-18 Grants payableStart of year $13,436$11,095

X-26 Total liabilitiesStart of year $15,592$13,194

X-27 Net assets without donor restrictionsStart of year $1,233,859$1,298,972

X-28 Net assets with donor restrictionsStart of year $743,036$776,524

X-32 Total net assets or fund balancesStart of year $1,976,895$2,075,496

X-33 Total liabilities and net assetsStart of year $1,992,487$2,088,690

Part XI · Reconciliation of net assets $2,075,496 net assets at year end

XI-1 Total revenue$197,856

XI-2 Total expenses$157,821

XI-3 Revenue less expenses$40,035

XI-4 Net assets at start of year$1,976,895

XI-5 Net unrealized gains (losses) on investments$58,566

XI-10 Net assets at end of year$2,075,496

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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Milton Library Foundation INC

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV