MEDFORD PUBLIC LIBRARY FOUNDATION INC

EIN: 831522957 501(c)(3) Arts, Culture & Humanities

MEDFORD, MA

Total Revenue
$119,202
Total Expenses
$105,322
Total Assets
$1,849,218
Net Assets
$1,825,646
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
MA
Principal Officer
GILDA NOGUEIRA
Phone
7813957950
Tax Period
2023-07-01 to 2024-06-30

MEDFORD PUBLIC LIBRARY FOUNDATION INC, founded in 2018, is a small nonprofit in the Arts, Culture & Humanities sector that reported $119K in total revenue in fiscal year 2023. Revenue surged 59% from the prior year, signaling strong growth momentum. Expenses of $105K left a modest 12% surplus.

Mission

IN THE SUMMER OF 2018, THE MEDFORD PUBLIC LIBRARY FOUNDATION (MPLF), A 501(C)(3 )ORGANIZATION WAS ESTABLISHED TO SOLICIT, MANAGE AND MONITOR PRIVATE FUNDS RAISED FOR THE CONSTRUCTION, OUTFITTING, MAINTENANCE AND OPERATION OF THE MEDFORD PUBLIC LIBRARY. THE ORGANIZATION WORKS IN COLLABORATION WITH THE OFFICE OF THE MAYOR OF THE CITY OF MEDFORD, MEDFORD LIBRARY TRUSTEES, AND THE FRIENDS OF THE MEDFORD PUBLIC LIBRARY.

Program Service Accomplishments

Program 1
Expenses: $57,684

IN THE SUMMER OF 2018, THE MEDFORD PUBLIC LIBRARY FOUNDATION (MPLF), A 501(C)(3 )ORGANIZATION WAS ESTABLISHED TO SOLICIT, MANAGE AND MONITOR PRIVATE FUNDS RAISED FOR THE CONSTRUCTION, OUTFITTING...

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IN THE SUMMER OF 2018, THE MEDFORD PUBLIC LIBRARY FOUNDATION (MPLF), A 501(C)(3 )ORGANIZATION WAS ESTABLISHED TO SOLICIT, MANAGE AND MONITOR PRIVATE FUNDS RAISED FOR THE CONSTRUCTION, OUTFITTING, MAINTENANCE AND OPERATION OF THE MEDFORD PUBLIC LIBRARY. THE ORGANIZATION WORKS IN COLLABORATION WITH THE OFFICE OF THE MAYOR OF THE CITY OF MEDFORD, MEDFORD LIBRARY TRUSTEES, AND THE FRIENDS OF THE MEDFORD PUBLIC LIBRARY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $64,188
Program Service Revenue $0
Investment Income $55,014
Other Revenue $0
TOTAL REVENUE $119,202

Expense Breakdown

Grants Paid $46,308
Salaries & Benefits $0
Fundraising Expenses $40,460
Program Expenses $57,684
Other Expenses $59,014
TOTAL EXPENSES $105,322

Year-over-Year Comparison

2023 2022 Change
Revenue $119,202 $74,854 +0.6%
Expenses $105,322 $205,041 -0.5%
Net Income $13,880 $-130,187 -1.1%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
9
Employees
N/A
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BARRY SLOANE PRESIDENT 1.00
Officer Director
$0 $0 $0
RICK CARAVIELLO VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
GILDA NOGUEIRA TREASURER 1.00
Officer Director
$0 $0 $0
ROCCO DIRICO CLERK 1.00
Officer Director
$0 $0 $0
DOMENIC CAMARRA DIRECTOR 1.00
Director
$0 $0 $0
BARBARA KERR DIRECTOR 1.00
Director
$0 $0 $0
LEILANI GERMAIN DIRECTOR 1.00
Director
$0 $0 $0
ELLEN TONELLO DIRECTOR 1.00
Director
$0 $0 $0
NATALIE BREEN DIRECTOR 1.00
Director
$0 $0 $0
DAVID CHIA DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $119,202 $105,322 $1,849,218 $13,880
2023 $74,854 $205,041 $1,808,946 $-130,187
2022 $674,874 $2,385,790 $1,995,382 $-1,710,916
2021 $4,091,622 $1,434,799 $3,659,175 $2,656,823
2020 $1,084,450 $112,496 $992,904 $971,954
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