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Nonprofiteer
← MILTON LIBRARY FOUNDATION INC

Form 990 for tax year 2024

Filed by MILTON LIBRARY FOUNDATION INC.

Totals

Total revenue
$197,856
Total expenses
$157,821
Contributions and grants received
$98,996
Grants paid
$74,180
Program service revenue
$0
Investment income
$98,860
Other revenue
$0
Total assets, end of year
$2,088,690
Total liabilities, end of year
$13,194
Net assets or fund balances, end of year
$2,075,496
Program services expenses (Part IX)
$139,454
Management and general expenses
$17,130
Fundraising expenses
$1,237
Program service expenses (Part III)
$139,454

Program services were 88.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $98,996

  • 3 · Investment income

    total $48,839 · excluded $48,839

  • 7a · Gross sales of assets other than inventory

    securities $693,181 · other assets $27,553

  • 7b · Less cost or other basis and sales expenses

    securities $670,713

  • 7c · Gain or loss

    securities $22,468 · other assets $27,553

  • 7d · Net gain or loss

    total $50,021 · excluded $50,021

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $74,180 · program services $74,180

  • 11c · Fees: accounting

    total $8,250 · management and general $8,250

  • 11f · Fees: investment management

    total $10,052 · program services $10,052

  • 11g · Fees: other

    total $3,375 · management and general $3,375

  • 13 · Office expenses

    total $159 · management and general $159

  • 14 · Information technology

    total $4,800 · management and general $4,800

  • 23 · Insurance

    total $461 · management and general $461

  • 24a · Other expenses: SPEAKER SERIES

    total $31,027 · program services $31,027

  • 24b · Other expenses: LIBRARY IMPROVEMENTS

    total $23,574 · program services $23,574

  • 24c · Other expenses: ONLINE PROCESSING FEES

    total $1,237 · fundraising $1,237

  • 24d · Other expenses: OTHER EVENTS EXPENSES

    total $621 · program services $621

  • 24e · All other expenses

    total $85 · management and general $85

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $187,815 · end of year $136,644

  • 11 · Investments: publicly traded securities

    beginning of year $1,804,672 · end of year $1,952,046

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,156 · end of year $2,099

  • 18 · Grants payable

    beginning of year $13,436 · end of year $11,095

  • 27 · Net assets without donor restrictions

    beginning of year $1,233,859 · end of year $1,298,972

  • 28 · Net assets with donor restrictions

    beginning of year $743,036 · end of year $776,524

Mission and programs · 2024

Mission

MAINTAIN AND SUPPORT THE PUBLIC LIBRARY IN THE TOWN OF MILTON, MA.

  • 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.

    Expenses $139,454 · Grants $74,180

As filed on the 2024 return.

Listed in Part VII

  • PAUL HAYS

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2.5

  • RAYMOND CZWAKIEL

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • KATHLEEN O'DONNELL

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • JANICE PARR

    ASSISTANT SE

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
15 October 2025
IRS schema version
2024v5.0
Source object
202533109349302013

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