Massachusetts Library Association EIN 04-6056508 Form 990 (PDF) Claim this org

Massachusetts Library Association

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Advocates for and advances the library profession and its professionals. For fiscal year 2025 it reported $231K in revenue, $255K in expenses, and $234K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Westborough, MA
Website
www.masslib.org
Filings
5 on file (2021–2025)
Revenue
$231KFY2025
Expenses
$255K
Net assets
$234K
People
16
Filings
5
Updates
0
More identity details & actions ⌄
EIN  04-6056508 Public charity (501(c)(3)) Westborough, MA
Form 990 (PDF)
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Size
$100K–1M
What they do
Advocates for and advances the library profession and its professionals.
Leadership
Sarah Slymon · President
Money in and out
$231K revenue, $255K expenses
Bottom line
91% program efficiency
Where the money goes · FY2025
Total revenue
$231K
Pt VIII · Ln 12
Total expenses
$255K
Pt IX · Ln 25
Net assets
$234K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$24K
Where spending went · Part IX cols B–D
Program services $0.91 Management & general $0.09
Program efficiency
91%
of spending reaches programs▼ -2% vs prior filing year
Operating runway
11.0mo
months of highly liquid reserves at operating expense rate▼ -10% vs prior filing year
Surplus margin
-10%
revenue over expenses, this year▼ -215% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$231K
FY2025▼ -12%
Expenses
$255K
FY2025▲ +7%
Total assets
$234K
FY2025▼ -4%
Total liabilities
$0
FY2025
Total revenue
$231K
Pt VIII · Ln 12
Total expenses
$255K
Pt IX · Ln 25
Net assets
$234K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$24K
Total assetsPt X · Ln 16$234K
Program-expense ratioPt IX · col B91%
Voting members of governing bodyPt I · Ln 317
Independent voting membersPt I · Ln 417

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMassachusetts Library Association
EINHdr · item D04-6056508
Principal addressHdr · item CWestborough, MA
WebsiteHdr · item Jwww.masslib.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B71Z)
Ruling yearIRS BMFJun 1966

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a17
Independent voting membersPt VI · Ln 1b17
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice-Preside
$0Pt VII · Sec A
Past Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Asst Treasur
$0Pt VII · Sec A
Past Treasur
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Massachusetts Library Association executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $230K of program spending, described in the organization's own filed words · FY2024.
01

Confrence & meetings of membership; nominating, task force, intellectual freedom, legislative, public relations, personnel issues, youth services

$230Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$154K · 67%
Contributions & grants$73K · 32%
Investment income$4K · 2%
Program service revenue67%$154K
Contributions & grants32%$73K
Investment income2%$4K
— government grantsLn 1e$736
Total revenueLn 12$231K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.91 Management & general $0.09
Program services91%$232K
Management & general9%$23K
Total functional expensesLn 25$255K

Balance Sheet

Part X · end of year
CashLn 1$44K
Total assetsLn 16$234K
Total liabilitiesLn 26$0
Total net assetsLn 32$234K
Months of cash on handcomputed2.1

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $234K · Operating expenses/yr $255K
11.0 months
Where the money goes
Program services
Program services $232K · Total expenses $255K
91%
Management & General
Management & general $23K · Total expenses $255K
9%
Fundraising
Fundraising $0 · Total expenses $255K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $76K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $73K · Total revenue $231K
32%
Government reliance
Government grants $736 · Total revenue $231K
0.3%
Earned-income share
Program service revenue $154K · Total revenue $231K
67%
Investment reliance
Investment income $4K · Total revenue $231K
+2%
Program self-sufficiency
Program service revenue $154K · Total expenses $255K
60%
Growth & trend
Revenue growth (YoY)
This year $231K · Prior year $262K
-12%
Revenue CAGR
FY2020 $118K · FY2024 $231K
+18%
Net-asset trend (YoY)
End of year $234K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $231K · Expenses $255K
-10%
Liabilities-to-Assets
Total liabilities — · Total assets $234K
Net-asset ratio
Net assets $234K · Total assets $234K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $190K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $234K
81%
People & payroll
Highest Reported Total Compensation
Individual Sarah Slymon · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $255K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $73K · Total expenses $255K
29%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 91%
Overhead ratio 9%
Fundraising cost ratio 0%
Revenue growth -12%
Accounting fee ratio 2%

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 · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$23

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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)$231K revenue · viewing · ⤓ 990 PDF
FY2024$262K revenue · ⤓ 990 PDF
FY2023$203K revenue · ⤓ 990 PDF
FY2022$203K revenue · ⤓ 990 PDF
FY2021$118K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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