Minuteman Library Network Inc
Minuteman Library Network: Consistent Revenue Growth, Prudent Spending
EIN: 222518058 · Natick, MA · NTEE: B70B · Updated: 2026-04-04
About Minuteman Library Network Inc
Minuteman Library Network Inc (EIN: 222518058) is a nonprofit organization based in Natick, MA, classified under NTEE code B70B. The organization reported total revenue of $4.1M and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Minuteman Library Network Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Minuteman Library Network Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Minuteman Library Network Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided financial data, making a specific assessment difficult without further information.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Minuteman Library Network Inc:
- Consistent revenue growth from $2,622,497 in 2017 to $4,178,317 in 2024, demonstrating strong financial health and increasing support.
- Maintained healthy asset levels, with assets consistently above $1.8 million, indicating good financial stewardship.
- Low liability figures relative to assets, suggesting a strong balance sheet and minimal financial risk.
Frequently Asked Questions about Minuteman Library Network Inc
What does Minuteman Library Network Inc do?
Minuteman Library Network Inc is a nonprofit organization in the Education sector, located in Natick, Massachusetts. It is classified under NTEE code B70B.
How much revenue does Minuteman Library Network Inc have?
Minuteman Library Network Inc reported total revenue of $4,143,156. Based on 14 IRS 990 filings on record.
What are Minuteman Library Network Inc's total assets?
Minuteman Library Network Inc holds total assets of $2,122,318 as reported in IRS 990 filings.
Where is Minuteman Library Network Inc located?
Minuteman Library Network Inc is based in Natick, Massachusetts.
What is Minuteman Library Network Inc's EIN?
Minuteman Library Network Inc's Employer Identification Number (EIN) is 222518058. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Minuteman Library Network Inc?
Minuteman Library Network Inc is classified under NTEE code B70B (Education).
Is Minuteman Library Network Inc a registered 501(c)(3)?
Yes, Minuteman Library Network Inc is recognized as a tax-exempt organization by the IRS. EIN: 222518058.
Does Minuteman Library Network Inc file IRS Form 990?
Yes, Minuteman Library Network Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Minuteman Library Network Inc's revenue in 2024?
In the 202406 filing period, Minuteman Library Network Inc reported total revenue of $4,178,317, total expenses of $4,323,601, and net assets of $2,190,434.
Is Minuteman Library Network Inc's revenue growing or declining?
Minuteman Library Network Inc's revenue is relatively stable. Revenue went from $4,058,457 (202306) to $4,178,317 (202406), a +3.0% change. Based on 14 filings on record.
What is Minuteman Library Network Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Minuteman Library Network Inc covers tax period 202406. It shows revenue of $4,178,317, expenses of $4,323,601, total assets of $2,190,434, and liabilities of $377,025.
How much does Minuteman Library Network Inc spend on programs vs administration?
Based on IRS 990 analysis, Minuteman Library Network Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Minuteman Library Network Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Minuteman Library Network Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 3 strengths noted.
What are Minuteman Library Network Inc's strengths?
Positive indicators for Minuteman Library Network Inc include: Consistent revenue growth from $2,622,497 in 2017 to $4,178,317 in 2024, demonstrating strong financial health and increasing support.. Maintained healthy asset levels, with assets consistently above $1.8 million, indicating good financial stewardship.. Low liability figures relative to assets, suggesting a strong balance sheet and minimal financial risk.. These findings are derived from AI analysis of the organization's financial filings.
How does Minuteman Library Network Inc compensate executives?
Executive compensation is not explicitly detailed in the provided financial data, making a specific assessment difficult without further information. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has Minuteman Library Network managed to achieve consistent revenue growth over the past seven years?
The consistent revenue growth, from $2,622,497 in 2017 to $4,178,317 in 2024, suggests effective fundraising strategies, strong community support, and potentially increasing demand for their services. This growth outpaces inflation and indicates a robust operational model.
What is the significance of the 'c0%' figure in the financial filings?
The 'c0%' figure consistently reported across all filings indicates that Minuteman Library Network Inc. has incurred no lobbying expenses. This suggests a focus on direct service delivery and operational efficiency rather than engaging in political advocacy or lobbying efforts.
Filing History
IRS 990 filing history for Minuteman Library Network Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Minuteman Library Network Inc's revenue has grown by 94.3%, moving from $2.2M to $4.2M. Total assets increased by 38.6% over the same period, from $1.6M to $2.2M. Total functional expenses rose by 109%, from $2.1M to $4.3M. In its most recent filing year (2024), Minuteman Library Network Inc reported a deficit of $145K, with expenses exceeding revenue. The organization holds $377K in liabilities against $2.2M in assets (debt-to-asset ratio: 17.2%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $4.2M | $4.3M | $2.2M | $377K | — | View 990 |
| 2023 | $4.1M | $4.0M | $2.4M | $499K | — | — |
| 2022 | $3.6M | $3.6M | $1.9M | $79K | — | View 990 |
| 2021 | $3.3M | $3.4M | $2.0M | $83K | — | — |
| 2020 | $3.1M | $3.1M | $2.0M | $57K | — | View 990 |
| 2019 | $2.8M | $2.8M | $2.1M | $167K | — | View 990 |
| 2018 | $2.7M | $2.7M | $2.0M | $149K | — | View 990 |
| 2017 | $2.6M | $2.6M | $2.0M | $143K | — | View 990 |
| 2016 | $2.5M | $2.7M | $2.1M | $265K | — | View 990 |
| 2015 | $2.5M | $2.5M | $2.1M | $76K | — | View 990 |
| 2014 | $2.2M | $1.9M | $2.0M | $84K | — | View 990 |
| 2013 | $2.1M | $2.0M | $1.8M | $98K | — | View 990 |
| 2012 | $2.0M | $1.9M | $1.7M | $94K | — | View 990 |
| 2011 | $2.2M | $2.1M | $1.6M | $136K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $4.2M, expenses of $4.3M, and assets of $2.2M (revenue +3.0% year-over-year).
- 2023: Revenue of $4.1M, expenses of $4.0M, and assets of $2.4M (revenue +14.0% year-over-year).
- 2022: Revenue of $3.6M, expenses of $3.6M, and assets of $1.9M (revenue +8.9% year-over-year).
- 2021: Revenue of $3.3M, expenses of $3.4M, and assets of $2.0M (revenue +4.7% year-over-year).
- 2020: Revenue of $3.1M, expenses of $3.1M, and assets of $2.0M (revenue +9.7% year-over-year).
- 2019: Revenue of $2.8M, expenses of $2.8M, and assets of $2.1M (revenue +4.4% year-over-year).
- 2018: Revenue of $2.7M, expenses of $2.7M, and assets of $2.0M (revenue +3.9% year-over-year).
- 2017: Revenue of $2.6M, expenses of $2.6M, and assets of $2.0M (revenue +2.9% year-over-year).
- 2016: Revenue of $2.5M, expenses of $2.7M, and assets of $2.1M (revenue +0.2% year-over-year).
- 2015: Revenue of $2.5M, expenses of $2.5M, and assets of $2.1M (revenue +15.5% year-over-year).
- 2014: Revenue of $2.2M, expenses of $1.9M, and assets of $2.0M (revenue +6.7% year-over-year).
- 2013: Revenue of $2.1M, expenses of $2.0M, and assets of $1.8M (revenue +0.9% year-over-year).
- 2012: Revenue of $2.0M, expenses of $1.9M, and assets of $1.7M (revenue -4.9% year-over-year).
- 2011: Revenue of $2.2M, expenses of $2.1M, and assets of $1.6M.
Data Sources and Methodology
This transparency report for Minuteman Library Network Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.