Boston Medical Library C/o David M Pinkham Cpa Llc
Nonprofit profile at a glance
- EIN
- 042013908
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Marshfield, MA, USA
- Phone
- 7818340444
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Libraries
Reported finances
- Revenue
- $1,379,531
- Expenses
- $1,318,265
- Assets
- $25,380,764
- Liabilities
- $313,163
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
26 people listed
Executive titles in this filing
- RICHARD S PIETERS MD (TRUSTEE/PRESIDENT)
- MARY JANE HOULIHAN MD (TRUSTEE/VICE PRESIDENT)
- DEEB SALEM MD (VICE PRESIDENT/TRUSTEE)
People named in this filing
- RICHARD S PIETERS MD (TRUSTEE/PRESIDENT)
- SUBRAMANYAN JAYASANKAR MD (TRUSTEE)
- EDITH JOLIN MD (VP/SECRETARY/TRUSTEE)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The boston medical library is a physicians non-profit organization incorporated in 1877. The bml mission, revised in 2004, is "to be a library for the dissemination of medical knowledge, the promotion of medical eduation and scholarship, and the preservation and celebration of medical history, and thereby to advance the quality of health and healthcare of the people." the boston medical library is to support and operate for the benefit of the Massachusetts medical society. The boston medical library serves as a resource for the medical school faculties and medical students of harvard medical school, boston university medical school, tufts university school of medicine and the university of Massachusetts medical school; practicing physicians and dentists. In 1946, the boston medical library formally became the library for the Massachusetts medical society.
What it reported doing in 2024
Maintenance of library of medicine and allied sciences, the promotion and advancement of medical science and medical education, and the celebration of medical history
Operating model
- Revenue model
- Investment-supported. 89% of the money available for current operations came from recurring investment income.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. A relatively small share of total spending goes to programs and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 68
- Transparency & Controls: 92
- Accountability: 94
- Sustainability: 69
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 95.4%; rating input score 95
- Program expense ratio: 45.3%; rating input score 45
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 7 controls in place; rating input score 86
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 4.4%; rating input score 49; 49th percentile among comparable filings
- Total-asset coverage ratio: 19.25; rating input score 96; 96th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 67; 67th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 4.6% per year; rating input score 100; 40th percentile among comparable filings
- Revenue growth: -3.4% per year; rating input score 0; 7th percentile among comparable filings
- Asset growth: 3.5% per year; rating input score 100; 32nd percentile among comparable filings
Details
- Where the money goes: 95.4% of revenue deployed · 45.3% of spending went to programs
- Governance: 23 of 23 board members independent · 6 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $597K in reported program spending
- Leadership: top reported pay $0 · 26 people listed
- Highest-paid contractors: 3 contractors listed · $624K reported
- Consistency: 27 of 27 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Program expense ratio scored 45/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 49/100.
- Review — Accountability: Governance controls: Document-retention policy not reported.