Civic Intelligence

Sanford Library Association

990 • Fiscal year 2015 • EIN 01-0216657

Jul 01, 2014 to Jun 30, 2015 • Filed on Aug 13, 2015

952 Main StreetSanford, ME 04073

(207) 324-4714

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

17th percentile

0.00x

Higher debt load relative to assets than 17% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

18th percentile

0.01x

Higher debt load relative to revenue than 18% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

34th percentile

-1.8%

Higher net margin than 34% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

44th percentile

$48,730

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 9.1% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

43rd percentile

-0.7%

Faster asset growth than 43% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

62nd percentile

8.6%

Faster revenue growth than 62% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$1,998,003

Down $14,514 (-0.7%) from 2014

Net Assets

Down

$1,994,829

Down $9,345 (-0.5%) from 2014

Liabilities

Down

$3,174

Down $5,169 (-62%) from 2014

Revenue

Up

$532,906

Up $42,010 (+8.6%) from 2014

Expenses

Up

$542,251

Up $24,816 (+4.8%) from 2014

Net Income

Up

-$9,345

Up $17,194 (+65%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2011: $2,060,986Liabilities 2011: $133,100Net Assets 2011: $1,927,8862011Assets 2012: $2,040,072Liabilities 2012: $1,451Net Assets 2012: $2,038,6212012Assets 2013: $2,042,023Liabilities 2013: $11,313Net Assets 2013: $2,030,7102013Assets 2014: $2,012,517Liabilities 2014: $8,343Net Assets 2014: $2,004,1742014Assets 2015: $1,998,003Liabilities 2015: $3,174Net Assets 2015: $1,994,8292015Assets 2016: $1,986,850Liabilities 2016: $11,841Net Assets 2016: $1,975,0092016Assets 2017: $1,933,700Liabilities 2017: $11,937Net Assets 2017: $1,921,7632017Assets 2018: $1,927,624Liabilities 2018: $18,551Net Assets 2018: $1,909,0732018Assets 2019: $1,921,645Liabilities 2019: $12,476Net Assets 2019: $1,909,1692019Assets 2020: $1,963,316Liabilities 2020: $75,601Net Assets 2020: $1,887,7152020Assets 2021: $1,958,733Liabilities 2021: $14,700Net Assets 2021: $1,944,0332021Assets 2022: $2,367,641Liabilities 2022: $19,635Net Assets 2022: $2,348,0062022Assets 2023: $2,816,848Liabilities 2023: $18,754Net Assets 2023: $2,798,0942023Assets 2024: $2,874,213Liabilities 2024: $18,533Net Assets 2024: $2,855,6802024

Highlighted filing

2015

Assets$1,998,003
Liabilities$3,174
Net Assets$1,994,829

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2011: $504,651Expenses 2011: $468,676Net Income 2011: $35,9752011Revenue 2012: $572,724Expenses 2012: $461,989Net Income 2012: $110,7352012Revenue 2013: $480,046Expenses 2013: $487,957Net Income 2013: -$7,9112013Revenue 2014: $490,896Expenses 2014: $517,435Net Income 2014: -$26,5392014Revenue 2015: $532,906Expenses 2015: $542,251Net Income 2015: -$9,3452015Revenue 2016: $504,718Expenses 2016: $524,538Net Income 2016: -$19,8202016Revenue 2017: $503,963Expenses 2017: $557,209Net Income 2017: -$53,2462017Revenue 2018: $538,612Expenses 2018: $551,302Net Income 2018: -$12,6902018Revenue 2019: $533,618Expenses 2019: $533,522Net Income 2019: $962019Revenue 2020: $528,739Expenses 2020: $550,193Net Income 2020: -$21,4542020Revenue 2021: $605,583Expenses 2021: $549,265Net Income 2021: $56,3182021Revenue 2022: $997,039Expenses 2022: $593,066Net Income 2022: $403,9732022Revenue 2023: $1,056,938Expenses 2023: $606,850Net Income 2023: $450,0882023Revenue 2024: $723,162Expenses 2024: $696,644Net Income 2024: $26,5182024

Highlighted filing

2015

Revenue$532,906
Expenses$542,251
Net Income-$9,345
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Aug 13, 2015
Return Version
2014v5.0
Gross Receipts
$568,168
Mission and Program Overview

Mission

Sanford library association is a public library which provides books and programs to the residents of the town of sanford and surrounding communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,201,623$1,177,712▼ $23,911
Investments in Publicly Traded Securities$736,932$747,823▲ $10,891
Savings and Temporary Cash Investments$21,225$42,150▲ $20,925
Cash and Non-Interest-Bearing Accounts$52,737$30,318▼ $22,419
Total Assets$2,012,517$1,998,003▼ $14,514
Liabilities
Accounts Payable and Accrued Expenses$8,343$3,174▼ $5,169
Total Liabilities$8,343$3,174▼ $5,169
Net Assets / Fund Balance
Unrestricted Net Assets$2,004,174$1,994,829▼ $9,345
Total Net Assets Fund Balance$2,004,174$1,994,829▼ $9,345
Total Liabilities and Net Assets / Fund Balance$2,012,517$1,998,003▼ $14,514

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$577,134$315,969$893,103
Land$593,561-$593,561
Other Land Buildings$7,017$106,451$113,468
Compensation and Service Providers

Employees

NameTitleBaseTotal
Jackie McdougalLibrary Manager$48,730$48,730

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$449,845
Program Service Revenue
$24,875
Investment Income
$54,896
Other Revenue
$3,290
All Other Contributions
$63,833
Change in Net Assets
$-9,345
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$363,426
Other Expenses$178,825
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$226,692--$226,692
Other Employee Benefits$44,345$9,482-$53,827
Current Officers, Directors, Trustees, and Key Employees-$48,730-$48,730
Occupancy$27,016$1,422-$28,438
Depreciation Depletion$25,604$1,348-$26,952
Payroll Taxes$17,320$3,824-$21,144
Pension Plan Contributions$9,251$3,782-$13,033
Office Expenses$10,649$561-$11,210
Other Expenses$7,225$380-$7,605
Fees for Services Accounting$3,086$2,061-$5,147
All Other Expenses$3,384$178-$3,562
Advertising$1,067--$1,067
Travel-$750-$750
Total Functional Expenses$467,510$74,741$0$542,251
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$4,656
Fundraising Direct Expenses$1,366
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Raffles/silent Auction$5,061$4,656$1,366$3,290
Total Events$5,061$4,656$1,366$3,290
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B

Form 990 is reviewed by the library manager and an officer of the board prior to being signed and submitted.

Form 990, Part VI, Line 15A

Compensation of top management is approved by the board through its budget process.

Form 990, Part VI, Line 15B

Compensation of key employees is approved by the board through its budget process.

Form 990, Part VI, Line 19

The governing documents, policies and financial statements are made available upon request.

Filing and Contact Details

Filer

Filer Name
Sanford Library Association Inc
EIN
01-0216657
Phone
2073244714
Address
952 MAIN STREET, SANFORD, ME 04073

Signing Officer

Name
Alex Hammerle
Title
President
Signed
2015-08-13
Discuss with paid preparer
No

Organization Details

Principal Officer
Alex Hammerle
Formed
1923
Legal Domicile
Me
Voting Board Members
10
Independent Board Members
10
Employees
11

Preparer

Firm
Patterson and Hammond
Address
819 MAIN STREET, SANFORD, ME 04073
Preparer
Gary Hammond CPA
Phone
2073247193
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IRS990/OtherSalariesAndWagesGrp/TotalAmt0226692
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03824
IRS990/PayrollTaxesGrp/ProgramServicesAmt017320
IRS990/PayrollTaxesGrp/TotalAmt021144
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03782
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt09251
IRS990/PensionPlanContributionsGrp/TotalAmt013033
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0ALEX HAMMERLE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0FINES/DAMAGED BOOKS
IRS990/ProgramServiceRevenueGrp/Desc1COPIES/READER/COMPUTER
IRS990/ProgramServiceRevenueGrp/Desc2NONRESIDENT DUES/FEES
IRS990/ProgramServiceRevenueGrp/Desc3BOOK SALES/CHILDRENS ROOM
IRS990/ProgramServiceRevenueGrp/Desc4INSURANCE REBATES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07546
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt17663
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt23147
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt33556
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt42963
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07546
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt17663
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt23147
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt33556
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt42963
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0438655
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt028199
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0187130
IRS990/PYOtherRevenueAmt0397
IRS990/PYProgramServiceRevenueAmt023645
IRS990/PYRevenuesLessExpensesAmt0-26539
IRS990/PYSalariesCompEmpBnftPaidAmt0330305
IRS990/PYTotalExpensesAmt0517435
IRS990/PYTotalRevenueAmt0490896
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-9345
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt021079
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt021225
IRS990/SavingsAndTempCashInvstGrp/EOYAmt042150
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0449845
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0437539
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0430986
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0423283
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0462231
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02203884
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt026487
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt022548
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt021395
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt019894
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt090324
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.96060
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportPY170Pct00.95330
IRS990ScheduleA/PublicSupportTotal170Amt02203884
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0449845
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0437539
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0430986
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0423283
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0462231
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02203884
IRS990ScheduleA/TotalSupportAmt02294208
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt0593561
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0593561
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0577134
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0315969
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0893103
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt07017
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0106451
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0113468
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01177712
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0405
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0405
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt01366
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0RAFFLES/SILENT AUCTION
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt05061
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt05061
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt04656
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt04656
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt03290
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt01366
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt01366
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED BY THE LIBRARY MANAGER AND AN OFFICER OF THE BOARD PRIOR TO BEING SIGNED AND SUBMITTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COMPENSATION OF TOP MANAGEMENT IS APPROVED BY THE BOARD THROUGH ITS BUDGET PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION OF KEY EMPLOYEES IS APPROVED BY THE BOARD THROUGH ITS BUDGET PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02012517
IRS990/TotalAssetsEOYAmt01998003
IRS990/TotalAssetsGrp/BOYAmt02012517
IRS990/TotalAssetsGrp/EOYAmt01998003
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0449845
IRS990/TotalEmployeeCnt011
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt074741
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0467510

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.87$0.02$2.86$0.72$0.70$0.03
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.82$0.02$2.80$1.06$0.61$0.45
2022Detailed filing. Detailed filing data is available for this year.$2.37$0.02$2.35$1.00$0.59$0.40
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.96$0.01$1.94$0.61$0.55$0.06
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.96$0.08$1.89$0.53$0.55$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.92$0.01$1.91$0.53$0.53$0.00
2018Detailed filing. Detailed filing data is available for this year.$1.93$0.02$1.91$0.54$0.55$0.01
2017Detailed filing. Detailed filing data is available for this year.$1.93$0.01$1.92$0.50$0.56$0.05
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.99$0.01$1.98$0.50$0.52$0.02
2015Detailed filing. Detailed filing data is available for this year.$2.00$0.00$1.99$0.53$0.54$0.01
2014Detailed filing. Detailed filing data is available for this year.$2.01$0.01$2.00$0.49$0.52$0.03
2013Summary only. Only limited summary data is available for this year.$2.04$0.01$2.03$0.48$0.49$0.01
2012Summary only. Only limited summary data is available for this year.$2.04$0.00$2.04$0.57$0.46$0.11
2011Summary only. Only limited summary data is available for this year.$2.06$0.13$1.93$0.50$0.47$0.04