Minuteman Library Network Inc

Search Intent Cockpit

Minuteman Library Network Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Minuteman Library Network Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Minuteman Library Network Inc in one place.

Is Minuteman Library Network Inc Legit?

Appears Legitimate

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Minuteman Library Network Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

Decision Cockpit

One-Stop Donor, Research, and Peer Context Hub

Donation Decision Flow

From Trust Check to Better Alternatives

Alternative Shopping

Similar Nonprofits Donors Should Compare

Browse the full Education peer market in Massachusetts →

Next Best Actions

Keep the Investigation Moving

Research Workflow

Turn this Form 990 profile into a donor-ready report

Request a concise report for Minuteman Library Network Inc with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.

Early access request only. Reports and exports are informational and based on public IRS records, not financial or legal advice.

Minuteman Library Network Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

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.

Organization Overview

Minuteman Library Network Inc is a mid-size nonprofit that has been operating for 39 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 5.2%.

Key Financial Metrics (2024)

From the most recent IRS 990 filing on record:

Financial Health Grade: B

In 2024, Minuteman Library Network Inc reported a deficit of $145K with expenses exceeding revenue, holds 6.1 months of operating reserves (strong position), has a debt-to-asset ratio of 17.2% (very low leverage).

Financial Trends

Over 14 years of filings (2011–2024), Minuteman Library Network Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.2%.

IRS Tax-Exempt Classification

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

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.

Key Financial Metrics (2024)

From the most recent IRS 990 filing on record:

• The organization reported a deficit of $145K, with expenses exceeding revenue.
• Debt-to-asset ratio: 17.2%.

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

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-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.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Minuteman Library Network Inc:

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.