Civic Intelligence

Sanford Library Association

990 • Fiscal year 2022 • EIN 01-0216657

Jul 01, 2021 to Jun 30, 2022 • Filed on Sep 19, 2022

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

29th percentile

0.01x

Higher debt load relative to assets than 29% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

31st percentile

0.02x

Higher debt load relative to revenue than 31% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

85th percentile

41%

Higher net margin than 85% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

51st percentile

$60,730

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 6.1% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

77th percentile

21%

Faster asset growth than 77% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

86th percentile

65%

Faster revenue growth than 86% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$2,367,641

Up $408,908 (+21%) from 2021

Net Assets

Up

$2,348,006

Up $403,973 (+21%) from 2021

Liabilities

Up

$19,635

Up $4,935 (+34%) from 2021

Revenue

Up

$997,039

Up $391,456 (+65%) from 2021

Expenses

Up

$593,066

Up $43,801 (+8.0%) from 2021

Net Income

Up

$403,973

Up $347,655 (+617%) from 2021

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

2022

Assets$2,367,641
Liabilities$19,635
Net Assets$2,348,006

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

2022

Revenue$997,039
Expenses$593,066
Net Income$403,973
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Sep 19, 2022
Return Version
2021v4.2
Gross Receipts
$997,039
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$1,063,814$1,039,087▼ $24,727
Investments in Publicly Traded Securities$681,515$732,579▲ $51,064
Savings and Temporary Cash Investments$180,486$545,469▲ $364,983
Cash and Non-Interest-Bearing Accounts$21,190$30,813▲ $9,623
Total Assets$1,958,733$2,367,641▲ $408,908
Other Assets Total$11,728$19,693▲ $7,965
Liabilities
Other Liabilities$10,229$12,699▲ $2,470
Accounts Payable and Accrued Expenses$4,471$6,936▲ $2,465
Total Liabilities$14,700$19,635▲ $4,935
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,944,033$2,348,006▲ $403,973
Total Net Assets Fund Balance$1,944,033$2,348,006▲ $403,973
Total Liabilities and Net Assets / Fund Balance$1,958,733$2,367,641▲ $408,908

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$425,173$423,976$849,149
Land$593,561-$593,561
Equipment$187$97,383$97,570
Leasehold Improvements$20,166$69,725$89,891
Other Land Buildings-$4,117$4,117
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Richard SchraderLibrary ManagerFT$60,730$60,730

Board Members and Trustees

NameTitle
Albert PollardPresident
Savina HutchinsonVice President
Eric LoganDirector
Henry SmithDirector
Julie NorsworthyDirector
Suzanne ZimmerDirector
Christopher WinchesterSecretary
Tony BauerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$920,076
Program Service Revenue
$10,768
Investment Income
$51,195
Other Revenue
$15,000
All Other Contributions
$522,901
Change in Net Assets
$403,973
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$417,211
Other Expenses$175,855
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$259,792--$259,792
Current Officers, Directors, Trustees, and Key Employees-$60,730-$60,730
Other Employee Benefits$45,524$11,895-$57,419
Occupancy$30,032$1,581-$31,613
Depreciation Depletion$23,491$1,236-$24,727
Payroll Taxes$20,112$4,561-$24,673
Pension Plan Contributions$14,597--$14,597
Other Expenses$11,808$621-$12,429
All Other Expenses$10,530$555-$11,085
Office Expenses$8,407$442-$8,849
Fees for Services Accounting$6,130$323-$6,453
Insurance$3,503--$3,503
Advertising$1,659--$1,659
Total Functional Expenses$508,830$84,236$0$593,066
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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$12,699
Accrued Payroll-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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 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 on 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
Richard Schrader
Title
President
Phone
2073244714
Signed
2022-09-19
Discuss with paid preparer
No

Organization Details

Principal Officer
Richard Schrader
Formed
1923
Legal Domicile
Me
Voting Board Members
8
Independent Board Members
8
Employees
11

Preparer

Firm
Hammond & Associates
Address
860 MAIN ST SUITE 2, SANFORD, ME 04073
Preparer
Gary R Hammond CPA
Phone
2073247193
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IRS990/PrincipalOfficerNm0RICHARD SCHRADER
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/Desc4MISCELLANEOUS INCOME
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0226
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt15674
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt22273
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3652
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt41943
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0463102
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt069310
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0151077
IRS990/PYOtherRevenueAmt068200
IRS990/PYProgramServiceRevenueAmt04971
IRS990/PYRevenuesLessExpensesAmt056318
IRS990/PYSalariesCompEmpBnftPaidAmt0398188
IRS990/PYTotalExpensesAmt0549265
IRS990/PYTotalRevenueAmt0605583
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0403973
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt015000
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt010768
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0180486
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0545469
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0400307
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0460033
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0460476
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0458326
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0463845
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02242987
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt051195
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt069310
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt041903
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt055628
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt057452
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0275488
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.89060
IRS990ScheduleA/PublicSupportPY170Pct00.89720
IRS990ScheduleA/PublicSupportTotal170Amt02242987
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0400307
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0460033
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0460476
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0458326
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0463845
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02242987
IRS990ScheduleA/TotalSupportAmt02518475
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/BuildingsGrp/BookValueAmt0425173
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0423976
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0849149
IRS990ScheduleD/EquipmentGrp/BookValueAmt0187
IRS990ScheduleD/EquipmentGrp/DepreciationAmt097383
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt097570
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt0593561
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0593561
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt020166
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt069725
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt089891
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt04117
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt04117
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt012699
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED PAYROLL
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01039087
IRS990ScheduleD/TotalLiabilityAmt012699
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED BY THE LIBRARY MANAGER AND AN OFFICER OF THE BOARD PRIOR TO BEING 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 ON 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/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01958733
IRS990/TotalAssetsEOYAmt02367641
IRS990/TotalAssetsGrp/BOYAmt01958733
IRS990/TotalAssetsGrp/EOYAmt02367641
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0920076
IRS990/TotalEmployeeCnt011
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt084236
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0508830
IRS990/TotalFunctionalExpensesGrp/TotalAmt0593066
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt014700
IRS990/TotalLiabilitiesEOYAmt019635
IRS990/TotalLiabilitiesGrp/BOYAmt014700
IRS990/TotalLiabilitiesGrp/EOYAmt019635
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01944033
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02348006
IRS990/TotalProgramServiceExpensesAmt0508830
IRS990/TotalProgramServiceRevenueAmt010768
IRS990/TotalReportableCompFromOrgAmt060730
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0997039
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01958733
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02367641
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0952 MAIN STREET
IRS990/USAddress/CityNm0SANFORD

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
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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