Milton Library Foundation Inc

Organization Overview

Milton Library Foundation Inc is located in Milton, MA. The organization was established in 2002. 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. Milton Library Foundation Inc 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 06/2022, Milton Library Foundation Inc generated $440.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.8% each year . All expenses for the organization totaled $97.0k during the year ending 06/2022. While expenses have increased by 21.3% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

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

Describe the Organization's Program Activity:

Part 3 - Line 4a

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.


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Board, Officers & Key Employees

Name (title)Compensation
Amit Mitra
Treasurer
$0
Michael Zullas
Past Preside
$0
John Hitt
Clerk
$0
Jessie Bourneuf
President
$0
Nicole Boyson
Director
$0
Nancy Chisholm
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$158,647
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$158,647
Total Program Service Revenue$0
Investment income $29,764
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $251,877
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $440,288

Grants Awarded

Over the last fiscal year, Milton Library Foundation Inc has awarded $54,000 in support to 3 organizations.

Grant RecipientAmount

MILTON PUBLIC LIBRARY

PURPOSE: LIBRARY SUPPORT.

$54,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Milton Library Foundation Inc has recieved totaling $8,100.

Awarding OrganizationAmount
The John And Mary Corcoran Family Foundation

Braintree, MA

PURPOSE: GENERAL SUPPORT

$7,500
The@sooner Foundation

Stamford, CT

PURPOSE: GENERAL SUPPORT

$500
Bernice B Godine Fam Foundation Tr

Boston, MA

PURPOSE: GENERAL OPERATING FUNDS

$100
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,765,417
Earnings-$248,114
Ending Balance$1,517,303

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