2026-01-30T11:28:11-06:00 2025-06-30 460799858 BARRETT & SCIBELLI LLC 8 WINCHESTER PLACE 301 WINCHESTER MA 01890 990 2024-07-01 046003232 MALDEN PUBLIC LIBRARY MALD 7813240218 36 SALEM STREET MALDEN MA 02148 FRANK M MOLIS TREASURER 7813240218 2026-01-14 1 0 CHRISTOPHER J BARRETT CPA P00634437 7815702273 2026-01-14 2024 2025-03-06 01:10:19Z FRANK M MOLIS 36 SALEM STREET MALDEN MA 02148 8377111 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 7 20 0 0 377363 507673 0 0 898029 182418 0 0 1275392 690091 0 0 0 0 15334 17215 0 0 0 832720 979638 848054 996853 427338 -306762 17070831 17964490 56734 34575 17014097 17929915 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 766075 GENERAL LIBRARY SERVICES SERVING THE COMMUNITY. 766075 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 7 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 507673 388109 507673 366479 366479 7502959 7687020 -184061 -184061 -184061 690091 -184061 0 366479 15982 15982 1233 1233 29629 29629 38833 38833 13633 13633 244942 195954 48988 96693 96693 IN-KIND DONATION 388109 388109 REPAIRS AND SUPPLIES 99695 99695 BOOKS 57521 57521 ARTWORK 10583 10583 996853 766075 230778 0 20151 13621 33500 30000 9873607 6942184 3161365 2931423 13855815 14944813 0 44633 17070831 17964490 56734 34575 56734 34575 X 9213237 9769225 7800860 8160690 17014097 17929915 17070831 17964490 -306762 1316767 -94187 0 X X 0 1 X 1 0 X 95477 83063 156090 119797 113187 567614 219 4614 44614 7107 6377 62931 1608383 1614176 1783309 1864213 2007709 8877790 1704079 1701853 1984013 1991117 2127273 9508335 0 0 0 9508335 242876 290606 334074 364592 366479 1598627 242876 290606 334074 364592 366479 1598627 1946955 1992459 2318087 2355709 2493752 11106962 0.85610 0.85600 0.14390 0.14400 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 909870 909870 909870 909870 909870 909870 909870 909870 909870 909870 0 0 9873607 6942184 2931423 2931423 X 3532271 1316767 1619600 2936367 595904 94187 94187 690091 2616453 1619600 1619600 996853 0 996853 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 EXEMPT FROM FEDERAL INCOME TAXES AS PROVIDED UNDER INTERNAL REVENUE CODE (IRC) SECTION 501(C)(3) AND IS NOT CLASSIFIED AS A PRIVATE FOUNDATION. CONTRIBUTIONS MADE TO THE LIBRARY ARE DEDUCTIBLE BY DONORS AS PROVIDED IN IRC SECTION 170. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PRESCRIBE THE THRESHOLD A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. A LIABILITY FOR UNCERTAIN TAX POSITIONS IS RECOGNIZED AND RECORDED AS A COMPONENT OF CURRENT INCOME TAX EXPENSE FOR DIFFERENCES BETWEEN FINANCIAL AND INCOME TAX REPORTING POSITIONS WHICH DO NOT MEET THIS THRESHOLD. ANY INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS ARE RECORDED AS A COMPONENT OF INCOME TAX EXPENSE. THE LIBRARY HAS REVIEWED ITS TAX POSITIONS THAT REMAIN SUBJECT TO EXAMINATION BY TAX AUTHORITIES AND HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS AND THUS HAS NOT RECORDED ANY LIABILITY AT JUNE 30, 2025 AND 2024. THE LIBRARY'S FEDERAL AND STATE TAX RETURNS ARE SUBJECT TO POSSIBLE EXAMINATION BY TAXING AUTHORITIES UNTIL THE EXPIRATION OF THE RELATED RETURNS STATUTES. IN GENERAL, THE FEDERAL AND STATE TAX RETURNS HAVE A THREE-YEAR STATUTE OF LIMITATION FROM THE DATE THE TAX RETURNS WERE DUE OR FILED, WHICHEVER IS LATER. THE LIBRARY IS NO LONGER SUBJECT TO EXAMINATIONS BY TAX AUTHORITIES FOR YEARS PRIOR TO 2021, AND HAS NO OPEN EXAMINATIONS AS OF THE DATE OF THESE FINANCIAL STATEMENTS. X 388109 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. FORM 990, PART XII, LINE 2C: FINANCE COMMITTEE ALONG WITH TRUSTEES ARE RESPONSIBLE FOR OVERSIGHT OF THE AUDIT, REVIEW OR COMPILATION OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT AUDITOR.