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Malden Public Library FY2021 filing

Tax-deductible

Malden, MA501(c)(3)EIN 04-6003232

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The mission of the Malden Public Library is to provide open access to information, promote love of reading and lifelong learning to Malden residents and all citizens of massachusetts. Founded in 1879, the Malden Public Library is a non-profit corporation with partial city support, governed by the board of trustees.

501(c)(3) charity; gifts are tax-deductible.
65¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
3 of 6
filings with a surplus
Average surplus $321K a year · 31% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
65%
of spending
Fine: 65% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $5K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$19K
0.1% of total assets
Looks good: liabilities are 0% 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
$2.3M
+253% vs prior year
Spent
$485K
To programs
65%
Net assets
$17.6M
By yearFY2020–FY2025
Revenue
$2.3M
FY2021▲ +253%
Revenue by fiscal year
FY2020$662K
FY2021$2.3M
FY2022$599K
FY2023$662K
FY2024$1.3M
FY2025$690K
Expenses
$485K
FY2021▼ -9%
Expenses by fiscal year
FY2020$534K
FY2021$485K
FY2022$707K
FY2023$730K
FY2024$848K
FY2025$997K
Net assets
$17.6M
FY2021▲ +17%
Net assets by fiscal year
FY2020$15.1M
FY2021$17.6M
FY2022$15.2M
FY2023$15.8M
FY2024$17.0M
FY2025$17.9M

From the FY2021 Form 990 (year ending June 2021) · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1971.

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

Where the money goes

65 cents of each dollar spent went to programs.

Program services 65% · $316K Management & general 35% · $169K Fundraising 0% · $285

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

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Jayne E Brown
Vice President
$0Pt VII · Sec A
Frank M Molis
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Malden Public Library 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

Offers free access to information, books, and learning for all residents.

Provided by the organization

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1 program · $316K · in their own filed words · FY2020
01

General library services serving the community.

$316Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Rose Florence Belzarine Foundation CharitableFY2024$4K
Helen R Richards Tr Uw 10 1971 00 0FY2024$400
Total grants receivedfrom 2 funders$5K

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.3M
Ln 12
Investment incomeLn 3$2.2M
Gifts and grantsLn 1h$96K
Money outPt IX
$485K
Ln 25
Programscol B$316K
Managementcol C$169K
Fundraisingcol D$285
Owns and owesPt X
$17.6M
net assets · Ln 32
Cash and savingsLn 1–2$14K
Total assetsLn 16$17.6M
LiabilitiesLn 26$19K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$96K
Investment incomeLn 3$2.2M
Gains on assetsLn 7$2.0M
Total revenueLn 12$2.3M
Assets in detailPt X, end of year
CashLn 1$14K
Cash and savings togetherLn 1–2$14K
InvestmentsLn 11–13$13.8M
Land, buildings, equipmentLn 10c$3.8M
Total assetsLn 16$17.6M
LiabilitiesLn 26$19K
Net assetsLn 32$17.6M
OperationsPt I, VI
EmployeesI 59
VolunteersI 620
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 FY21End FY21
Cash and savingsLn 1–2$15K$14K
InvestmentsLn 11–13$11.1M$13.8M
Land, buildings, equipmentLn 10c$4.0M$3.8M
Total assetsLn 16$15.1M$17.6M
LiabilitiesLn 26$23K$19K
Net assetsLn 32$15.1M$17.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of disqualified personsLn 6$2K$2K
Payroll taxesLn 10$195$195
Accounting feesLn 11c$30K$30K
Office expensesLn 13$12K$12K
Depreciation, depletion and amortizationLn 22$279K$223K$56K
InsuranceLn 23$66K$66K
Other expenses (24a–d)Ln 24$97K$24K$72K$285
Total functional expensesLn 25$485K$316K$169K$285

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $690K$997K−$307K$17.9M 990 PDF
FY2024 $1.3M$848K$427K$17.0M 990 PDF
FY2023 $662K$730K−$68K$15.8M 990 PDF
FY2022 $599K$707K−$107K$15.2M 990 PDF
FY2021 Viewing $2.3M$485K$1.9M$17.6M 990 PDF
FY2020 $662K$534K$128K$15.1M 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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $2,337,818 across 5 lines filed
VIII-1f All other contributions, gifts and grants$95,696
VIII-1h Total contributions, gifts and grants$95,696
VIII-3 Investment incomeExcluded from tax $242,876$242,876
VIII-7 Net gain or loss on sales of assetsRelated to mission $1,999,246$1,999,246
VIII-12 Total revenueRelated to mission $1,999,246 · Unrelated business $0 · Excluded from tax $242,876$2,337,818
Part IX · Statement of functional expenses $485,201 across 7 lines filed
IX-6 Pay of disqualified personsPrograms $2,096$2,096
IX-10 Payroll taxesPrograms $195$195
IX-11c Accounting feesManagement $29,920$29,920
IX-13 Office expensesManagement $11,508$11,508
IX-22 Depreciation, depletion and amortizationPrograms $223,011 · Management $55,753$278,764
IX-23 InsurancePrograms $66,117$66,117
IX-24 Other expenses (24a–d)Programs $24,428 · Management $71,888 · Fundraising $285$96,601
IX-25 Total functional expensesPrograms $315,847 · Management $169,069 · Fundraising $285$485,201
Part X · Balance sheet $17,599,662 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $14,662$13,512
X-3 Pledges and grants receivableStart of year $37,000$43,500
X-10c Land, buildings and equipment, netStart of year $3,987,846$3,767,749
X-11 Publicly traded securitiesStart of year $11,070,478$13,774,901
X-16 Total assetsStart of year $15,109,986$17,599,662
X-17 Accounts payable and accrued expensesStart of year $23,399$19,057
X-26 Total liabilitiesStart of year $23,399$19,057
X-27 Net assets without donor restrictionsStart of year $9,314,566$10,320,100
X-28 Net assets with donor restrictionsStart of year $5,772,021$7,260,505
X-32 Total net assets or fund balancesStart of year $15,086,587$17,580,605
X-33 Total liabilities and net assetsStart of year $15,109,986$17,599,662
Part XI · Reconciliation of net assets $17,580,605 net assets at year end
XI-1 Total revenue$2,337,818
XI-2 Total expenses$485,201
XI-3 Revenue less expenses$1,852,617
XI-4 Net assets at start of year$15,086,587
XI-5 Net unrealized gains (losses) on investments$698,087
XI-7 Investment expenses−$56,686
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$17,580,605

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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