2024-11-26T12:53:01-06:00 2024-06-30 460799858 BARRETT & SCIBELLI LLC 8 WINCHESTER PLACE 301 WINCHESTER MA 01890 990 2023-07-01 046003232 MALDEN PUBLIC LIBRARY MALD 7813240218 36 SALEM STREET MALDEN MA 02148 FRANK M MOLIS TREASURER 7813240218 2024-11-19 1 0 CHRISTOPHER J BARRETT CPA P00634437 7815702273 2024-11-19 2023 2024-10-15 13:58:12Z FRANK M MOLIS 36 SALEM STREET MALDEN MA 02148 4544230 0 X WWW.MALDENPUBLICLIBRARY.ORG X 1885 MA 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 1885, THE MALDEN PUBLIC LIBRARY IS A NON-PROFIT CORPORATION WITH PARTIAL CITY SUPPORT, GOVERNED BY THE BOARD OF TRUSTEES. 9 9 4 0 0 0 394473 377363 0 0 267828 898029 0 0 662301 1275392 0 0 0 0 20257 15334 0 0 0 710240 832720 730497 848054 -68196 427338 15890429 17070831 49868 56734 15840561 17014097 X 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 1885,THE MALDEN PUBLIC LIBRARY IS A NON-PROFIT CORPORATION WITH PARTIAL CITY SUPPORT, GOVERNED BY THE BOARD OF TRUSTEES. 0 0 633990 GENERAL LIBRARY SERVICES SERVING THE COMMUNITY. 633990 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 3 0 1 4 1 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 0 0 0 MA X X THE ORGANIZATION 7813240218 36 SALEM STREET MALDEN MA 02148 X DR JOHN E TRAMONDOZZI PRESIDENT 2.00 X X 0 0 0 ANTHONY SPADAFORA TRUSTEE 1.00 X 0 0 0 GREGORY LUCEY VICE PRESIDENT 2.00 X X 0 0 0 JAYNE E BROWN AUDITOR 2.00 X 0 0 0 FRANK M MOLIS TREASURER 2.00 X X 0 0 0 LISA A JACOBSON TRUSTEE 1.00 X 0 0 0 ANNE D'URSO-ROSE TRUSTEE 1.00 X 0 0 0 NANCY L MCPHEETERS SECRETARY 2.00 X X 0 0 0 JOHN PARCELLIN TRUSTEE 1.00 X 0 0 0 0 0 0 0 0 0 0 0 377363 250459 377363 364592 364592 3802275 3268838 533437 533437 533437 1275392 533437 0 364592 14236 14236 1098 1098 11016 11016 29900 29900 13066 13066 260142 208114 52028 87749 87749 IN-KIND DONATION 250459 250459 REPAIRS AND SUPPLIES 108054 108054 BOOKS 48455 48455 ARTWORK 23879 23879 848054 633990 214064 0 6501 20151 30000 33500 9858607 6697242 3312340 3161365 12541588 13855815 15890429 17070831 49868 56734 49868 56734 X 8891833 9213237 6948728 7800860 15840561 17014097 15890429 17070831 427338 828903 -82705 0 X 0 1 X 1 0 X 87593 95477 83063 156090 119797 542020 14955 219 4614 44614 7107 71509 1387224 1608383 1614176 1783309 1864213 8257305 1489772 1704079 1701853 1984013 1991117 8870834 0 0 0 8870834 260053 242876 290606 334074 364592 1492201 260053 242876 290606 334074 364592 1492201 1749825 1946955 1992459 2318087 2355709 10363035 0.85600 0.86260 0.14400 0.13740 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 909870 909870 909870 909870 909870 909870 909870 909870 909870 909870 1.00000 0 0 9394623 6250008 3144615 463984 447234 16750 3161365 X 3718049 828903 1613754 2442657 1275392 0 1275392 2461808 1613754 1613754 848054 0 848054 PART III, LINE 1A: BECAUSE THE VALUES OF THE EXISTING INEXHAUSTIBLE COLLECTIONS HELD BY THE LIBRARY, INCLUDING VARIOUS 19TH CENTURY FURNITURE, BOOKS, AND ARTWORK, ARE NOT READILY DETERMINABLE, THE LIBRARY DOES NOT CAPITALIZE THESE COLLECTIONS. COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE LIBRARY'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN WITH DONOR RESTRICTED OR WITHOUT DONOR RESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED, DEPENDING ON IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY THE DONORS. ANY COLLECTION ITEM PURCHASED WITH DONOR RESTRICTED FUNDS CANNOT BE SOLD WITHOUT THE PRIOR APPROVAL OF THE MASSACHUSETTS ATTORNEY GENERAL. WITHOUT DONOR RESTRICTED CONTRIBUTED COLLECTION ITEMS CAN BE SOLD AT THE DISCRETION OF THE LIBRARY'S MANAGEMENT AND BOARD OF TRUSTEES. SINCE INCEPTION, THE LIBRARY HAS RARELY SOLD COLLECTED ITEMS, AND NO SUCH SALES OCCURRED IN THE CURRENT YEAR. CONTRIBUTED AND PURCHASED COLLECTION ITEMS ARE NOT REFLECTED IN THE FINANCIAL STATEMENTS. PART III, LINE 4: THE ORGANIZATION USES ITS COLLECTIONS FOR CONTINUOUS UPKEEP OF THE FACILITY IN ORDER TO PROVIDE OPEN ACCESS TO INFORMATION AND TO PROMOTE LOVE OF READING AND LIFELONG LEARNING TO MALDEN RESIDENTS AND ALL CITIZENS OF MASSACHUSETTS. THE COLLECTION INCLUDES VARIOUS 19TH CENTURY FURNITURE, BOOKS AND ARTWORK. PART V, LINE 4: THE LIBRARY USES THE INCOME FROM THE WITH DONOR RESTRICTED (PERMANENTLY RESTRICTED) NET ASSET FUNDS IN ACCORDANCE WITH DONOR RESTRICTED OBJECTIVES. PART X, LINE 2: THE LIBRARY IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE LIBRARY BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. INFORMATION RETURNS FILED FOR THE YEARS ENDED JUNE 30, 2024, 2023, 2022, 2021, AND 2020 REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND THE COMMONWEALTH OF MASSACHUSETTS. THE LIBRARY DOES NOT EXPECT THAT THE AMOUNTS OF UNRECOGNIZED TAX BENEFITS WILL CHANGE SIGNIFICANTLY WITHIN THE NEXT TWELVE MONTHS. X 250459 ESTIMATED SALE PRICE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF TRUSTEES OF THE LIBRARY APPROVE THE FINANCIAL STATEMENTS, THE FORM 990 AND THE FORM PC BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C IT IS INCUMBENT UPON THE OFFICERS AND TRUSTEES TO LET THE BOARD KNOW OF ANY CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 THE LIBRARY WILL MAKE ITS CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.