BOSTON MEDICAL LIBRARY: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- BOSTON MEDICAL LIBRARY (EIN 04-2013908)
- Tax period
- 2024-07-01 to 2025-06-30
- Filed
- 2026-03-19
- IRS object ID
- 202620789349300922
- Schema version
- 2024v5.5
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2026-03-19T14:15:17-05:00 | ReturnTs |
| Tax Period End | 2025-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 042689883 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WOLF & COMPANY PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 255 STATE STREET | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02109 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042013908 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BOSTON MEDICAL LIBRARY | BusinessNameLine1Txt |
| Business Name Line2 | C/O DAVID M PINKHAM CPA LLC | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | BOST | BusinessNameControlTxt |
| Phone | 7818340444 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 475 SCHOOL ST SUITE 13 | AddressLine1Txt |
| City | MARSHFIELD | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02050 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | RICHARD S PIETERS MD | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 7818340444 | PhoneNum |
| Signature | 2026-03-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | KAREN S NG | PreparerPersonNm |
| PTIN | P01067482 | PTIN |
| Phone | 6174399700 | PhoneNum |
| Preparation | 2026-03-13 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | RICHARD S PIETERS MD | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 475 SCHOOL ST SUITE 13 | AddressLine1Txt |
| City | MARSHFIELD | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02050 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $3,725,437 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | HTTPS://BML.ORG/ | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1877 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | 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. | ActivityOrMissionDesc |
| Voting Members Governing Body | 23 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 23 | VotingMembersIndependentCnt |
| Total Employee | 2 | TotalEmployeeCnt |
| Total Volunteers | 24 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $55,250 | PYContributionsGrantsAmt |
| CY Contributions Grants | $71,117 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $3,100 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $4,850 | CYProgramServiceRevenueAmt |
| PY Investment Income | $776,935 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,303,564 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $835,285 | PYTotalRevenueAmt |
| CY Total Revenue | $1,379,531 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $1,000 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $14,820 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $54,881 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $1,260,760 | PYOtherExpensesAmt |
| CY Other Expenses | $1,262,384 | CYOtherExpensesAmt |
| PY Total Expenses | $1,275,580 | PYTotalExpensesAmt |
| CY Total Expenses | $1,318,265 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$440,295 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $61,266 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $23,931,121 | TotalAssetsBOYAmt |
| Total Assets EOY | $25,380,764 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $119,471 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $313,163 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $23,811,650 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $25,067,601 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| 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. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $596,594 | ExpenseAmt |
| Grant | $1,000 | GrantAmt |
| Revenue | $4,850 | RevenueAmt |
| Desc | MAINTENANCE OF LIBRARY OF MEDICINE AND ALLIED SCIENCES, THE PROMOTION AND ADVANCEMENT OF MEDICAL SCIENCE AND MEDICAL EDUCATION, AND THE CELEBRATION OF MEDICAL HISTORY | Desc |
| Total Program Service Expenses | $596,594 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | 0 | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 12 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 2 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 23 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 23 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | Yes (1) | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | 0 | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DAVID M PINKHAM CPA LLC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7818340444 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 475 SCHOOL STREET SUITE 13 | AddressLine1Txt |
| City | MARSHFIELD | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02050 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (26 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| RICHARD S PIETERS MD | ||||||
| TRUSTEE/PRESIDENT | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| SUBRAMANYAN JAYASANKAR MD | ||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| EDITH JOLIN MD | ||||||
| VP/SECRETARY/TRUSTEE | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| JAMES GESSNER MD | ||||||
| TRUSTEE/TREASURER | 3.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| SHAAN GANDHI MD | ||||||
| ASSIT. TREASURER/TRUSTEE | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| MARY JANE HOULIHAN MD | ||||||
| TRUSTEE/VICE PRESIDENT | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| JOEL RUBENSTEIN MD | ||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| JACK EVJY MD | ||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| KEN SHAMIR MD | ||||||
| ASSIT. TREASURER/TRUSTEE | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| LEAH DORET MD | ||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| ALEXANDRA BALSHI | ||||||
| TRUSTEE (ENDED 10/8/2024) | 1.00 | Yes (X) | $0 | $0 | $0 | |
| NIKI NIKRUI MD | ||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| ALFRED DEMARIA MD | ||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| DAVID LEADER DMD | ||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| DEEB SALEM MD | ||||||
| VICE PRESIDENT/TRUSTEE | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| GLENN MARKENSON MD | ||||||
| TRUSTEE (ENDED 10/8/2024) | 1.00 | Yes (X) | $0 | $0 | $0 | |
| KRISTEN ROBSON MD | ||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| JAMES FELDMAN MD | ||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| KARL BENEDICT MD | ||||||
| TRUSTEE (ENDED 10/8/2024) | 1.00 | Yes (X) | $0 | $0 | $0 | |
| MCKINLEY GLOVER MD | ||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| MICHELE PUGNAIRE MD | ||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| KHARA GRESHAM | ||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| MICHAEL STANLEY | ||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| RICHARD WU | ||||||
| TRUSTEE (AS OF 10/8/2024) | 1.00 | Yes (X) | $0 | $0 | $0 | |
| AHMED AHMED | ||||||
| TRUSTEE (AS OF 10/8/2024) | 1.00 | Yes (X) | $0 | $0 | $0 | |
| ERIC REINES | ||||||
| TRUSTEE (AS OF 10/8/2024) | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (3 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| NUTTER MCCLENNEN & FISH LLP | |||||
| 155 SEAPORT BOULEVARD | BOSTON | MA | 02210 | LEGAL SERVICES | $345,128 |
| MUSEUM AND COLLECTOR RESOURCE LLC | |||||
| 134 MUSTERFIELD RD | CONCORD | MA | 01742 | COLLECTION MGMT/ARCHIVAL SERVICES | $168,931 |
| INTERIM EXECUTIVE SOLUTIONS | |||||
| 1188 BEACON ST | NEWTON | MA | 02461 | EXECUTIVE DIRECTOR | $110,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 3 | CntrctRcvdGreaterThan100KCnt |
| Related Organizations | $22,917 | RelatedOrganizationsAmt |
| All Other Contributions | $48,200 | AllOtherContributionsAmt |
| Total Contributions | $71,117 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DUES | Desc |
| Business | 561000 | BusinessCd |
| Total Revenue Column | $4,850 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $4,850 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $4,850 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $613,203 | TotalRevenueColumnAmt |
| Exclusion | $613,203 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $3,036,267 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,345,906 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $690,361 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $690,361 | TotalRevenueColumnAmt |
| Exclusion | $690,361 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,379,531 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $4,850 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,303,564 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,000 | TotalAmt |
| Program Services | $1,000 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $40,962 | TotalAmt |
| Program Services | $40,962 | ProgramServicesAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,919 | TotalAmt |
| Program Services | $13,919 | ProgramServicesAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $328,431 | TotalAmt |
| Management And General | $328,431 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $135,579 | TotalAmt |
| Management And General | $135,579 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $59,798 | TotalAmt |
| Management And General | $59,798 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $64,177 | TotalAmt |
| Program Services | $34,177 | ProgramServicesAmt |
| Management And General | $30,000 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,441 | TotalAmt |
| Program Services | $758 | ProgramServicesAmt |
| Management And General | $4,683 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,816 | TotalAmt |
| Program Services | $1,816 | ProgramServicesAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $60,929 | TotalAmt |
| Program Services | $60,929 | ProgramServicesAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,460 | TotalAmt |
| Program Services | $5,460 | ProgramServicesAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,899 | TotalAmt |
| Program Services | $6,899 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,466 | TotalAmt |
| Program Services | $2,466 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| TRANSITION COSTS | $568,814 | $405,634 | $163,180 |
| FURNITURE & EQUIPMENT | $22,319 | $22,319 | |
| FILING FEES | $255 | $255 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,318,265 | TotalAmt |
| Program Services | $596,594 | ProgramServicesAmt |
| Management And General | $721,671 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,945 | BOYAmt |
| EOY | $56,690 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $97,663 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $40 | BOYAmt |
| EOY | $1,278 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,903,136 | BOYAmt |
| EOY | $25,051,552 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $173,581 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,931,121 | BOYAmt |
| EOY | $25,380,764 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $116,721 | BOYAmt |
| EOY | $124,212 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,750 | BOYAmt |
| EOY | $2,600 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $186,351 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $119,471 | BOYAmt |
| EOY | $313,163 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,215,290 | BOYAmt |
| EOY | $13,913,766 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,596,360 | BOYAmt |
| EOY | $11,153,835 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,811,650 | BOYAmt |
| EOY | $25,067,601 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,931,121 | BOYAmt |
| EOY | $25,380,764 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $61,266 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $1,194,685 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | Yes (X) | SupportingOrganization509a3Ind |
| Supporting Org Type3 Func Int | Yes (X) | SupportingOrgType3FuncIntInd |
| Supported Organizations | 1 | SupportedOrganizationsCnt |
Supported Org Information SupportedOrgInformationGrp
Supported Organization Name SupportedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MASSACHUSETTS MEDICAL SOCIETY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042050773 | EIN |
| Organization Type | 10 | OrganizationTypeCd |
| Governing Document Listed | Yes (1) | GoverningDocumentListedInd |
| Support | $0 | SupportAmt |
| Other Support | $0 | OtherSupportAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supported Organizations Total | 1 | SupportedOrganizationsTotalCnt |
| Support Sum | $0 | SupportSumAmt |
| Other Support Sum | $0 | OtherSupportSumAmt |
Form990 Sch A Supporting Org Form990SchASupportingOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Listed By Name Governing Doc | Yes (1) | ListedByNameGoverningDocInd |
| Suprt Org No IRS Determination | Yes (1) | SuprtOrgNoIRSDeterminationInd |
| Supported Org Section C456 | Yes (1) | SupportedOrgSectionC456Ind |
| Supported Org Qualified | Yes (1) | SupportedOrgQualifiedInd |
| Suprt Exclusively Sec170c2 B | Yes (1) | SuprtExclusivelySec170c2BInd |
| Supported Org Not Organized US | 0 | SupportedOrgNotOrganizedUSInd |
| Organization Change Suprt Org | 0 | OrganizationChangeSuprtOrgInd |
| Support Non Supported Org | 0 | SupportNonSupportedOrgInd |
| Payment Substantial Contribtr | 0 | PaymentSubstantialContribtrInd |
| Loan Disqualified Person | 0 | LoanDisqualifiedPersonInd |
| Controlled Disqualified Prsn | 0 | ControlledDisqualifiedPrsnInd |
| Disqualified Prsn Controll Int | 0 | DisqualifiedPrsnControllIntInd |
| Disqualified Prsn Ownr Int | 0 | DisqualifiedPrsnOwnrIntInd |
| Excess Business Holdings Rules | 0 | ExcessBusinessHoldingsRulesInd |
| Contribution Controller | 0 | ContributionControllerInd |
| Contribution Family | 0 | ContributionFamilyInd |
| Contribution35 Controlled | 0 | Contribution35ControlledInd |
Form990 Sch A Type3 Sprt Org All Form990SchAType3SprtOrgAllGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timely Provided Documents | Yes (1) | TimelyProvidedDocumentsInd |
| Officers Close Relationship | Yes (1) | OfficersCloseRelationshipInd |
| Supported Org Voice Investment | Yes (1) | SupportedOrgVoiceInvestmentInd |
Form990 Sch A Type3 Func Int Form990SchAType3FuncIntGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activities Test | Yes (X) | ActivitiesTestInd |
| Activities Further Exempt Prps | Yes (1) | ActivitiesFurtherExemptPrpsInd |
| Activities Engaged Org Invlmnt | Yes (1) | ActivitiesEngagedOrgInvlmntInd |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE A, PART IV, SECTION A, LINE 2 | SEE THE ANSWER TO QUESTION 3. |
| SCHEDULE A, PART IV, SECTION A , LINE 3B: | SEE SCHEDULE A, PART IV, SECTION A, LINE 3C. |
| SCHEDULE A, PART IV, SECTION A , LINE 3C: | THE ORGANIZATION CONFIRMED THE SUPPORTED ORGANIZATION'S STATUS THROUGH THE IRS BUSINESS MASTER FILE. THE ORGANIZATION CONFIRMED THAT THE SUPPORTED ORGANIZATION WOULD MEET THE SUPPORT TESTS UNDER SECTION 509(A)(2) BY CONDUCTING AN ANALYSIS OF THE SUPPORT TEST. THE ORGANIZATION DOES NOT PROVIDE GRANTS TO ITS SUPPORTED ORGANIZATION, BUT ENSURES THAT ITS FINANCIAL AND PROGRAMMATIC ACTIVITIES ARE FOR SECTION 170(C)(2) PURPOSES. |
| SCHEDULE A, PART IV, SECTION D, LINE 3: | BY REASON OF THE RELATIONSHIP DESCRIBED IN SECTION (2), ALL FIVE OF THE OFFICERS OF THE ORGANIZATION ARE MEMBERS OF THE SUPPORTED ORGANIZATION. MEMBERS APPOINTED BY THE SUPPORTED ORGANIZATION SIT ON THE FINANCE AND INVESTMENT COMMITTEES OF THE ORGANIZATION. FURTHERMORE, THE PRESIDENT OF THE ORGANIZATION HAS THE OPPORTUNITY EVERY YEAR TO PRESENT TO THE GOVERNING BOARD OF THE SUPPORTED ORGANIZATION REGARDING THE ORGANIZATION'S AFFAIRS. AN OFFICER OF THE SUPPORTED ORGANIZATION ALSO IS DESIGNATED AS THE CONTACT PERSON FOR THE ORGANIZATION. |
| SCHEDULE A, PART IV, SECTION E , LINE 2A: | SEE SCHEDULE A, PART IV, SECTION E , LINE 2B. |
| SCHEDULE A, PART IV, SECTION E , LINE 2B: | THE ORGANIZATION'S MAINTENANCE AND SUPPORT OF A MEDICAL LIBRARY, ITS PRIMARY FUNCTION, DIRECTLY FURTHERS THE EXEMPT PURPOSES OF SUPPORTED ORGANIZATION, MASSACHUSETTS MEDICAL SOCIETY. THE LIBRARY IS A CRUCIAL RESOURCE TO THE SUPPORTED ORGANIZATION IN ALLOWING IT TO CARRY OUT THE PURPOSES SUPPORTED BY THE ORGANIZATION. SEE THE RESPONSE TO PART IV, SECTION D, QUESTION 3, ABOVE REGARDING RESPONSIVENESS. |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Coll Used Scholarly Rsrch | Yes (X) | CollUsedScholarlyRsrchInd |
| Collection Used Preservation | Yes (X) | CollectionUsedPreservationInd |
| Solicited Assets Sale | 0 | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $10,596,360 | BeginningYearBalanceAmt |
| Contributions | $10,000 | ContributionsAmt |
| Investment Earnings Or Losses | $1,100,369 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $552,894 | OtherExpendituresAmt |
| End Year Balance | $11,153,835 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $9,637,045 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $1,276,228 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $316,913 | OtherExpendituresAmt |
| End Year Balance | $10,596,360 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $8,996,476 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $731,180 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $90,611 | OtherExpendituresAmt |
| End Year Balance | $9,637,045 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $25,341,282 | BeginningYearBalanceAmt |
| Contributions | $1,250 | ContributionsAmt |
| Investment Earnings Or Losses | -$3,499,504 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $12,846,552 | OtherExpendituresAmt |
| End Year Balance | $8,996,476 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $20,208,951 | BeginningYearBalanceAmt |
| Contributions | $1,660 | ContributionsAmt |
| Investment Earnings Or Losses | $5,166,542 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $35,871 | OtherExpendituresAmt |
| End Year Balance | $25,341,282 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.00000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 1.00000 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.00000 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | Yes (1) | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OPERATING LEASE LIABILITY | Desc |
| Amt | $186,351 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $186,351 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $2,514,417 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $1,194,684 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$59,798 | OtherRevenueAmt |
| Revenue Not Reported | $1,134,886 | RevenueNotReportedAmt |
| Revenue Subtotal | $1,379,531 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $1,379,531 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $1,258,467 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $1,258,467 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $59,798 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $59,798 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $1,318,265 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART III, LINE 1A: | LITERARY PROPERTY PURCHASED OR RECEIVED AS A GIFT IS NOT CAPITALIZED. SUCH COLLECTIONS, WHICH ARE HELD FOR PUBLIC EXHIBITION OR EDUCATION, PROTECTED AND PRESERVED AND SUBJECT TO THE LIBRARY'S POLICY TO USE ANY PROCEEDS FROM SALE OF COLLECTIONS TO ACQUIRE OTHER COLLECTION ITEMS, ARE NOT RECOGNIZED AS ASSETS IN THE STATEMENTS OF FINANCIAL POSITION. NO LITERARY PROPERTY WAS PURCHASED FOR EITHER OF THE YEARS ENDED JUNE 30, 2025 OR 2024. |
| PART III, LINE 4: | LITERARY COLLECTION CONSISTS OF CURRENT AND HISTORICAL MEDICAL LITERATURE, ART OBJECTS AND MEDICAL ARTIFACTS THAT WERE EITHER PURCHASED OR DONATED TO THE LIBRARY FOR PUBLIC EXHIBITION, EDUCATION AND PRESERVATION. |
| PART V, LINE 4: | THE LIBRARY'S ENDOWMENT CONSISTS OF APPROXIMATELY SEVENTY INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ITS ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. SUBJECT TO THE UNIFORM PRUDENT MANAGEMENT OF INSTITUTION FUNDS ACT ("UPMIFA"), AS DESCRIBED BELOW, THE PRINCIPAL MAY BE SPENT GIVEN A GOOD-FAITH DETERMINATION THAT SUCH SPENDING IS PRUDENT. THE BOARD OF TRUSTEES OF THE LIBRARY HAS INTERPRETED THE UPMIFA AS ENACTED BY THE COMMONWEALTH OF MASSACHUSETTS EFFECTIVE JUNE 30, 2009, AS REQUIRING THE PRESERVATION OF THE ORIGINAL FAIR VALUE OF THE DONOR-RESTRICTED GIFT ABSENT EXPLICIT DONOR STIPULATIONS TO THE CONTRARY. THE SPENDING POLICY AND PHILOSOPHY, INCLUDING THE LONG TERM INVESTMENT MANAGEMENT POLICIES AND PROCEDURES, WERE DESIGNED TO FUNCTION AS INTEGRATED PROCESSES AND ARE ADMINISTERED TO REFLECT THE FOLLOWING FACTORS, AS DESCRIBED IN UPMIFA, FOR PRUDENT STEWARDS OF ASSETS: - THE DURATION AND PRESERVATION OF A FUND; - THE PURPOSE OF THE ORGANIZATION AND THE DONOR DESIGNATIONS THERETO; - GENERAL ECONOMIC CONDITIONS; - THE POSSIBLE EFFECTS OF INFLATION AND DEFLATION; - THE EXPECTED TOTAL RETURN OF THE CHARITABLE ASSETS; - OTHER RESOURCES OF THE ORGANIZATION; AND - THE INVESTMENT POLICIES. IN ESTABLISHING ITS SPENDING POLICY, THE LIBRARY CONSIDERED THE LONG-TERM EXPECTED RETURN ON ITS ENDOWMENT. ACCORDINGLY, THE BOARD OF TRUSTEES OF THE LIBRARY HAS TRADITIONALLY AUTHORIZED THE APPROPRIATION FOR EXPENDITURE FROM ENDOWMENT FUNDS OF UP TO THREE PERCENT OF THE RESPECTIVE FUND'S VALUE, AS DEFINED, IN ANY FISCAL YEAR. THIS IS CONSISTENT WITH THE LIBRARY'S OBJECTIVE TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS HELD FOR A SPECIFIED TERM AS WELL AS TO PROVIDE ADDITIONAL REAL GROWTH THROUGH NEW GIFTS AND INVESTMENT RETURN. IN ORDER TO ADDRESS FUNDING FOR INCREASED TRANSITION COSTS RELATED TO THE BOSTON MEDICAL LIBRARY'S FUTURE PLANS, EFFECTIVE JANUARY 2022, THE BOARD OF TRUSTEES VOTED TO PAUSE THE THREE PERCENT SPENDING POLICY AND ELIMINATE BOARD-DESIGNATED RESTRICTIONS. BOARD-DESIGNATED ENDOWMENT FUNDS HAVE BEEN REDESIGNATED AS UNDESIGNATED. |
| PART X, LINE 2: | THE LIBRARY IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. TAX POSITIONS, INCLUDING THE POSITION THAT THE LIBRARY QUALIFIES AS A TAX-EXEMPT ENTITY, TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE LIBRARY'S TAX RETURNS, ARE REQUIRED TO BE EVALUATED TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE-LIKELY-THAN-NOT" OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET A MORE-LIKELY-THAN-NOT THRESHOLD WOULD BE RECORDED AS A TAX EXPENSE IN THE CURRENT YEAR. THE LIBRARY DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS AT JUNE 30, 2025 OR 2024 WHICH REQUIRE ACCRUAL OR DISCLOSURE. GENERALLY, THE LIBRARY IS SUBJECT TO FEDERAL AND STATE TAX EXAMINATION BY TAX AUTHORITIES FOR ALL YEARS SUBSEQUENT TO JUNE 30, 2021. THE LIBRARY'S POLICY IS TO RECOGNIZE ANY INTEREST AND PENALTIES RELATED TO TAX MATTERS AS AN EXPENSE WHEN PAID. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | RECLASS INVESTMENT EXPENSES FROM REVENUE TO EXPENSE -59,798. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | RECLASS INVESTMENT EXPENSES FROM REVENUE TO EXPENSE 59,798. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | DRS. PIETERS AND JOLIN ARE SPOUSES. |
| FORM 990, PART VI, SECTION A, LINE 3 | BOSTON MEDICAL LIBRARY DELEGATES CONTROL OVER ITS ACCOUNTING FUNCTION TO DAVID M. PINKHAM, CPA, LLC. THE ORGANIZATION'S ACCOUNTING EXPENSES FOR THE YEAR WERE $74,154 |
| FORM 990, PART VI, SECTION A, LINE 7A | MASSACHUSETTS MEDICAL SOCIETY, THE BOSTON MEDICAL LIBARARY (BML)'S SUPPORTED ORGANIZATION, APPOINTS 11 OF THE 23 MEMBERS OF THE BML BOARD OF TRUSTEES |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 WILL BE REVIEWED BY BOSTON MEDICAL LIBRARY'S PRESIDENT AND TREASURER PRIOR TO BEING FILED. THE 990 IS PROVIDED TO ALL BOARD MEMBER TO REVIEW BEFORE FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE CORPORATION MAY ENTER INTO CONTRACTS OR TRANSACTIONS WITH AN OFFICER, TRUSTEE OR FELLOW OR WITH ANY CORPORATION OR OTHER CONCERN IN WHICH AN OFFICER, TRUSTEE OR FELLOW IS A STOCKHOLDER, PARTNER DIRECTOR, OFFICER OR EMPLOYEE OR IS OTHERWISE INTERESTED. IN THE ABSENCE OF FRAUD OR BAD FAITH, NO SUCH CONTRACT OR TRANSACTION SHALL BE INVALIDATED OR AFFECTED BY THE FACT THAT THE PRESENCE OF SUCH INTERESTED PERSON WAS NECESSARY TO CONSTITUTE A QUORUM AT A MEETING OF THE BOARD OF TRUSTEES (OR ANY AUTHORIZED COMMITTEE THEREOF) AT WHICH SUCH CONTRACT OR TRANSACTION WAS AUTHORIZED OR THAT THE VOTE OF SUCH INTERESTED PERSON WAS NECESSARY FOR THE ADOPTION OF SUCH CONTRACT OR TRANSACTION, PROVIDED THAT IF SUCH INTEREST WAS MATERIAL, IT SHALL HAVE BEEN DISCLOSED TO THE TRUSTEES OR FELLOWS VOTING ON SUCH CONTRACT OR TRANSACTION. A GENERAL NOTICE TO ANY PERSON VOTING ON SUCH CONTRACT OR TRANSACTION THAT AN OFFICER, TRUSTEE OR FELLOW HAS A MATERIAL INTEREST IN ANY CORPORATION OR OTHER CONCERN SHALL BE SUFFICIENT DISCLOSURE AS TO SUCH OFFICER, TRUSTEE OR FELLOW WITH RESPECT TO ALL CONTRACTS AND TRANSACTIONS WITH SUCH CORPORATION OR OTHER CONCERN. MORE INFORMATION IS AVAILABLE UPON REQUEST. THE BOARD ADOPTED A CONFLICT OF INTEREST POLICY THAT INCLUDES ANNUAL REVIEW OF THE AFFIDAVITS SIGNED BY ALL TRUSTEES & OFFICERS & IF CONFLICTS EXIST THE BOARD WILL DEAL WITH THEM ACCORDINGLY. |
| FORM 990, PART VI, SECTION B, LINE 15 | BML HAD THREE EMPLOYEES IN FY2025. BML ALSO REIMBURSED THE PERSONNEL SERVICES PROVIDED BY HARVARD DURING THE TAX YEAR. |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS AND THE CONFLICTS OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. THE FORM 990 IS AVAILABLE UPON REQUEST FOR A NOMINAL FEE CHARGED FOR REPRODUCTION AND POSTAGE. |
| FORM 990, PART XII, LINE 2C | THERE WAS NO CHANGE IN THE OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MASSACHUSETTS MEDICAL SOCIETY | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 860 WINTER STREET | AddressLine1Txt |
| City | WALTHAM | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02451 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042050773 | EIN |
| Primary Activities | ASSOCIATION | PrimaryActivitiesTxt |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Exempt Code Section | 501(C)(6) | ExemptCodeSectionTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NONE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | 0 | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (1) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp
Other Organization Name OtherOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MASSACHUSETTS MEDICAL SOCIETY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | C | TransactionTypeTxt |
| Involved | $22,917 | InvolvedAmt |
| Method Of Amount Determination | CASH | MethodOfAmountDeterminationTxt |
Comments