2026-03-19T14:15:17-05:00 2025-06-30 042689883 WOLF & COMPANY PC 255 STATE STREET BOSTON MA 02109 990 2024-07-01 042013908 BOSTON MEDICAL LIBRARY C/O DAVID M PINKHAM CPA LLC BOST 7818340444 475 SCHOOL ST SUITE 13 MARSHFIELD MA 02050 RICHARD S PIETERS MD PRESIDENT 7818340444 2026-03-13 1 1 KAREN S NG P01067482 6174399700 2026-03-13 2024 2025-03-06 01:10:19Z RICHARD S PIETERS MD 475 SCHOOL ST SUITE 13 MARSHFIELD MA 02050 3725437 0 X HTTPS://BML.ORG/ X 1877 MA 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. 23 23 2 24 0 0 55250 71117 3100 4850 776935 1303564 0 0 835285 1379531 0 1000 0 0 14820 54881 0 0 0 1260760 1262384 1275580 1318265 -440295 61266 23931121 25380764 119471 313163 23811650 25067601 X 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. 0 0 596594 1000 4850 MAINTENANCE OF LIBRARY OF MEDICINE AND ALLIED SCIENCES, THE PROMOTION AND ADVANCEMENT OF MEDICAL SCIENCE AND MEDICAL EDUCATION, AND THE CELEBRATION OF MEDICAL HISTORY 596594 1 1 0 0 0 0 0 1 0 1 0 0 0 0 1 1 1 0 0 0 0 0 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 1 12 0 1 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 23 23 1 1 0 0 0 1 0 1 1 0 0 1 1 1 1 1 0 0 0 0 MA X DAVID M PINKHAM CPA LLC 7818340444 475 SCHOOL STREET SUITE 13 MARSHFIELD MA 02050 X RICHARD S PIETERS MD TRUSTEE/PRESIDENT 5.00 X X 0 0 0 SUBRAMANYAN JAYASANKAR MD TRUSTEE 1.00 X 0 0 0 EDITH JOLIN MD VP/SECRETARY/TRUSTEE 5.00 X X 0 0 0 JAMES GESSNER MD TRUSTEE/TREASURER 3.00 X X 0 0 0 SHAAN GANDHI MD ASSIT. TREASURER/TRUSTEE 1.00 X X 0 0 0 MARY JANE HOULIHAN MD TRUSTEE/VICE PRESIDENT 1.00 X X 0 0 0 JOEL RUBENSTEIN MD TRUSTEE 1.00 X 0 0 0 JACK EVJY MD TRUSTEE 1.00 X 0 0 0 KEN SHAMIR MD ASSIT. TREASURER/TRUSTEE 1.00 X X 0 0 0 LEAH DORET MD TRUSTEE 1.00 X 0 0 0 ALEXANDRA BALSHI TRUSTEE (ENDED 10/8/2024) 1.00 X 0 0 0 NIKI NIKRUI MD TRUSTEE 1.00 X 0 0 0 ALFRED DEMARIA MD TRUSTEE 1.00 X 0 0 0 DAVID LEADER DMD TRUSTEE 1.00 X 0 0 0 DEEB SALEM MD VICE PRESIDENT/TRUSTEE 1.00 X X 0 0 0 GLENN MARKENSON MD TRUSTEE (ENDED 10/8/2024) 1.00 X 0 0 0 KRISTEN ROBSON MD TRUSTEE 1.00 X 0 0 0 JAMES FELDMAN MD TRUSTEE 1.00 X 0 0 0 KARL BENEDICT MD TRUSTEE (ENDED 10/8/2024) 1.00 X 0 0 0 MCKINLEY GLOVER MD TRUSTEE 1.00 X 0 0 0 MICHELE PUGNAIRE MD TRUSTEE 1.00 X 0 0 0 KHARA GRESHAM TRUSTEE 1.00 X 0 0 0 MICHAEL STANLEY TRUSTEE 1.00 X 0 0 0 RICHARD WU TRUSTEE (AS OF 10/8/2024) 1.00 X 0 0 0 AHMED AHMED TRUSTEE (AS OF 10/8/2024) 1.00 X 0 0 0 ERIC REINES TRUSTEE (AS OF 10/8/2024) 1.00 X 0 0 0 0 0 0 0 0 0 0 NUTTER MCCLENNEN & FISH LLP 155 SEAPORT BOULEVARD BOSTON MA 02210 LEGAL SERVICES 345128 MUSEUM AND COLLECTOR RESOURCE LLC 134 MUSTERFIELD RD CONCORD MA 01742 COLLECTION MGMT/ARCHIVAL SERVICES 168931 INTERIM EXECUTIVE SOLUTIONS 1188 BEACON ST NEWTON MA 02461 EXECUTIVE DIRECTOR 110000 3 22917 48200 71117 DUES 561000 4850 4850 4850 613203 613203 3036267 2345906 690361 690361 690361 1379531 4850 0 1303564 1000 1000 40962 40962 13919 13919 328431 328431 135579 135579 59798 59798 64177 34177 30000 5441 758 4683 1816 1816 60929 60929 5460 5460 6899 6899 2466 2466 TRANSITION COSTS 568814 405634 163180 FURNITURE & EQUIPMENT 22319 22319 FILING FEES 255 255 1318265 596594 721671 0 27945 56690 0 97663 40 1278 23903136 25051552 0 173581 23931121 25380764 116721 124212 2750 2600 0 186351 119471 313163 X 13215290 13913766 10596360 11153835 23811650 25067601 23931121 25380764 61266 1194685 0 X X 0 1 X 1 0 X X 1 MASSACHUSETTS MEDICAL SOCIETY 042050773 10 1 0 0 1 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X 1 1 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. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 10596360 10000 1100369 552894 11153835 9637045 1276228 316913 10596360 8996476 731180 90611 9637045 25341282 1250 -3499504 12846552 8996476 20208951 1660 5166542 35871 25341282 0.00000 1.00000 0.00000 1 0 0 OPERATING LEASE LIABILITY 186351 186351 X 2514417 1194684 -59798 1134886 1379531 0 1379531 1258467 0 1258467 59798 59798 1318265 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. 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. MASSACHUSETTS MEDICAL SOCIETY 860 WINTER STREET WALTHAM MA 02451 042050773 ASSOCIATION MA 501(C)(6) NONE 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MASSACHUSETTS MEDICAL SOCIETY C 22917 CASH