Friends Of The Morse Institute Library
- Assets
- $168.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Natick, MA
- Founding
- 09/1991
- Data as of
- 08/2022
- EIN
- 04-3090509
Organization Overview
Friends Of The Morse Institute Library is located in Natick, MA. The organization was established in 1991. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The Morse Institute Library is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2022, Friends Of The Morse Institute Library generated $65.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $50.3k during the year ending 08/2022. While expenses have increased by 2.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Courtney Gifford Vice President | 2 | $0 | |
Terri Evans President | 6 | $0 | |
Cindy Tylock Secretary | 6 | $0 | |
Steve Kellogg Director | 2 | $0 | |
Joan Watts Director | 2 | $0 | |
Jodi Friedman Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,787 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $307 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $6,274 |
| Other Revenue | $0 |
| Total Revenue | $65,511 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $208 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $863 |
| Other expenses | $1,816 |
| Total expenses | $50,261 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $168,112 |
| Other assets | $0 |
| Total assets | $168,170 |
| Total liabilities | $0 |
| Net assets or fund balances | $168,170 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Friends Of The Morse Institute Library has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Mutual One Charitable Foundation Framingham, MA PURPOSE: GENERAL SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University At Albany Foundation Albany, NY | $129,210,800 | $17,198,773 |
Trustees Of The Public Library Of The City Of Boston Boston, MA | $99,754,907 | $16,249,859 |
Lord Foundation Of Massachusetts Inc Cambridge, MA | $0 | $665,000 |
Queens College Foundation Inc Flushing, NY | $103,882,868 | $13,972,395 |
Threefold Educational Foundation & School Chestnut Ridge, NY | $15,163,557 | $9,817,859 |
Global Community Charter School New York, NY | $4,753,919 | $12,397,044 |
Mit International Inc Cambridge, MA | $42,886,000 | $6,428,000 |
Rit Global Delivery Corporation Rochester, NY | $10,659,016 | $9,744,189 |
Concord Consortium Inc Concord, MA | $4,473,971 | $11,489,391 |
Charles E Cotting Charitable Corp Boston, MA | $113,711,021 | $14,477,400 |
The Graduate Center Foundation Inc New York, NY | $72,994,369 | $16,026,752 |
Friends Of Mcgill University Inc New Rochelle, NY | $10,774,766 | $8,029,117 |