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Malden Public Library FY2022 filing

Tax-deductible

Malden, MA501(c)(3) EIN 04-6003232Revenue $599K in FY2022

On file with the IRSmaldenpubliclibrary.org36 Salem St, 02148-5208 · Malden, MATax-exempt since Jan 1971Publicly supported charity — 170(b)(1)(A)(vi)

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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.
74¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Plus $11.7M in investments, Pt X · Ln 11–13
Fine: 0.2 months of spending in cash, plus $11.7M in investments.
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
$27K
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$599K
-74% vs prior year
Spent
$707K
To programs
74%
Net assets
$15.2M
By yearFY2020–FY2025
Revenue
$599K
FY2022▼ -74%
Tap a bar for its year
Revenue by fiscal year
FY2020$662K
FY2021$2.3M
FY2022$599K
FY2023$662K
FY2024$1.3M
FY2025$690K
Expenses
$707K
FY2022▲ +46%
Tap a bar for its year
Expenses by fiscal year
FY2020$534K
FY2021$485K
FY2022$707K
FY2023$730K
FY2024$848K
FY2025$997K
Net assets
$15.2M
FY2022▼ -13%
Tap a bar for its year
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 FY2022 Form 990 (year ending June 2022) · see the original

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You’re viewing the FY2022 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

74 cents of each dollar spent went to programs.

Program services 74% · $523K Management & general 26% · $184K

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.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 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.

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Provided by the organization

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1 program · $523K · in their own filed words · FY2021
01

General library services serving the community.

$523Kprogram 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 FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$599K
Ln 12
Investment incomeLn 3$346K
Gifts and grantsLn 1h$254K
Money outPt IX
$707K
Ln 25
Programscol B$523K
Managementcol C$184K
Owns and owesPt X
$15.2M
net assets · Ln 32
Cash and savingsLn 1–2$12K
Total assetsLn 16$15.3M
LiabilitiesLn 26$27K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$254K
Noncash giftsLn 1g$166K
Investment incomeLn 3$346K
Gains on assetsLn 7$55K
Total revenueLn 12$599K
Assets in detailPt X, end of year
CashLn 1$12K
Cash and savings togetherLn 1–2$12K
InvestmentsLn 11–13$11.7M
Land, buildings, equipmentLn 10c$3.5M
Total assetsLn 16$15.3M
LiabilitiesLn 26$27K
Net assetsLn 32$15.2M
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 FY22End FY22
Cash and savingsLn 1–2$14K$12K
InvestmentsLn 11–13$13.8M$11.7M
Land, buildings, equipmentLn 10c$3.8M$3.5M
Total assetsLn 16$17.6M$15.3M
LiabilitiesLn 26$19K$27K
Net assetsLn 32$17.6M$15.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$17K$17K
Payroll taxesLn 10$1K$1K
Accounting feesLn 11c$34K$34K
Office expensesLn 13$16K$16K
Depreciation, depletion and amortizationLn 22$281K$225K$56K
InsuranceLn 23$68K$68K
Other expenses (24a–d)Ln 24$290K$212K$78K
Total functional expensesLn 25$707K$523K$184K$0

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 Viewing $599K$707K−$107K$15.2M 990 PDF
FY2021 $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 R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $599,218 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $95,696$253,504
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $2,242,122$345,714
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $2,337,818$599,218
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 $0$18,630
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $0$688,078
I-18 Total expensesPrior year $0$706,708
I-19 Revenue less expensesPrior year $2,337,818−$107,490
Part VI · Governance 10 of 10 board members independent, 1 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $599,218 across 6 lines filed
VIII-1f All other contributions, gifts and grants$253,504
VIII-1g Noncash contributions (included above)$165,827
VIII-1h Total contributions, gifts and grants$253,504
VIII-3 Investment incomeExcluded from tax $290,606$290,606
VIII-7 Net gain or loss on sales of assetsRelated to mission $55,108$55,108
VIII-12 Total revenueRelated to mission $55,108 · Unrelated business $0 · Excluded from tax $290,606$599,218
Part IX · Statement of functional expenses $706,708 across 7 lines filed
IX-7 Other salaries and wagesPrograms $17,296$17,296
IX-10 Payroll taxesPrograms $1,334$1,334
IX-11c Accounting feesManagement $34,064$34,064
IX-13 Office expensesManagement $15,903$15,903
IX-22 Depreciation, depletion and amortizationPrograms $224,868 · Management $56,217$281,085
IX-23 InsurancePrograms $67,502$67,502
IX-24 Other expenses (24a–d)Programs $211,735 · Management $77,789$289,524
IX-25 Total functional expensesPrograms $522,735 · Management $183,973 · Fundraising $0$706,708
Part X · Balance sheet $15,269,116 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $13,512$12,213
X-3 Pledges and grants receivableStart of year $43,500$40,000
X-10c Land, buildings and equipment, netStart of year $3,767,749$3,547,959
X-11 Publicly traded securitiesStart of year $13,774,901$11,668,944
X-16 Total assetsStart of year $17,599,662$15,269,116
X-17 Accounts payable and accrued expensesStart of year $19,057$27,377
X-26 Total liabilitiesStart of year $19,057$27,377
X-27 Net assets without donor restrictionsStart of year $10,320,100$8,940,786
X-28 Net assets with donor restrictionsStart of year $7,260,505$6,300,953
X-32 Total net assets or fund balancesStart of year $17,580,605$15,241,739
X-33 Total liabilities and net assetsStart of year $17,599,662$15,269,116
Part XI · Reconciliation of net assets $15,241,739 net assets at year end
XI-1 Total revenue$599,218
XI-2 Total expenses$706,708
XI-3 Revenue less expenses−$107,490
XI-4 Net assets at start of year$17,580,605
XI-5 Net unrealized gains (losses) on investments−$2,173,658
XI-7 Investment expenses−$83,013
XI-9 Other changes in net assets$25,295
XI-10 Net assets at end of year$15,241,739

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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