Civic Intelligence

Springvale Public Library Association

990 • Fiscal year 2023 • EIN 01-0231382

Jul 01, 2022 to Jun 30, 2023 • Filed on Nov 13, 2023

443 Main StreetSpringvale, ME 04083

(207) 324-6777

Siviq Scores

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

Liabilities / Assets

30th percentile

0.01x

Higher debt load relative to assets than 30% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

57th percentile

0.13x

Higher debt load relative to revenue than 57% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

10th percentile

-34%

Higher net margin than 10% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

48th percentile

$50,610

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 18.7% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

47th percentile

3.4%

Faster asset growth than 47% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

28th percentile

-7.2%

Faster revenue growth than 28% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$4,266,151

Up $139,062 (+3.4%) from 2022

Net Assets

Up

$4,231,447

Up $136,199 (+3.3%) from 2022

Liabilities

Up

$34,704

Up $2,863 (+9.0%) from 2022

Revenue

Down

$271,052

Down $21,113 (-7.2%) from 2022

Expenses

Down

$364,357

Down $4,117 (-1.1%) from 2022

Net Income

Down

-$93,305

Down $16,996 (-22%) from 2022

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $3,215,928Liabilities 2011: $0Net Assets 2011: $3,215,9282011Assets 2012: $3,190,012Liabilities 2012: $0Net Assets 2012: $3,190,0122012Assets 2013: $3,336,222Liabilities 2013: $0Net Assets 2013: $3,336,2222013Assets 2014: $3,530,040Liabilities 2014: $0Net Assets 2014: $3,530,0402014Assets 2015: $3,503,795Liabilities 2015: $0Net Assets 2015: $3,503,7952015Assets 2016: $3,393,037Liabilities 2016: $0Net Assets 2016: $3,393,0372016Assets 2017: $3,565,605Liabilities 2017: $0Net Assets 2017: $3,565,6052017Assets 2018: $3,677,041Liabilities 2018: $0Net Assets 2018: $3,677,0412018Assets 2019: $3,783,848Liabilities 2019: $0Net Assets 2019: $3,783,8482019Assets 2020: $3,938,542Liabilities 2020: $38,400Net Assets 2020: $3,900,1422020Assets 2021: $4,514,046Liabilities 2021: $0Net Assets 2021: $4,514,0462021Assets 2022: $4,127,089Liabilities 2022: $31,841Net Assets 2022: $4,095,2482022Assets 2023: $4,266,151Liabilities 2023: $34,704Net Assets 2023: $4,231,4472023Assets 2024: $4,703,731Liabilities 2024: $30,040Net Assets 2024: $4,673,6912024

Highlighted filing

2023

Assets$4,266,151
Liabilities$34,704
Net Assets$4,231,447

Operations Trend

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

$400K$200K$0-$200KRevenue 2011: $245,441Expenses 2011: $298,781Net Income 2011: -$53,3402011Revenue 2012: $251,669Expenses 2012: $303,669Net Income 2012: -$52,0002012Revenue 2013: $271,164Expenses 2013: $311,772Net Income 2013: -$40,6082013Revenue 2014: $229,277Expenses 2014: $319,325Net Income 2014: -$90,0482014Revenue 2015: $227,519Expenses 2015: $333,442Net Income 2015: -$105,9232015Revenue 2016: $236,540Expenses 2016: $321,071Net Income 2016: -$84,5312016Revenue 2017: $233,706Expenses 2017: $327,508Net Income 2017: -$93,8022017Revenue 2018: $285,605Expenses 2018: $346,398Net Income 2018: -$60,7932018Revenue 2019: $262,809Expenses 2019: $360,113Net Income 2019: -$97,3042019Revenue 2020: $276,460Expenses 2020: $379,354Net Income 2020: -$102,8942020Revenue 2021: $360,068Expenses 2021: $387,122Net Income 2021: -$27,0542021Revenue 2022: $292,165Expenses 2022: $368,474Net Income 2022: -$76,3092022Revenue 2023: $271,052Expenses 2023: $364,357Net Income 2023: -$93,3052023Revenue 2024: $272,533Expenses 2024: $334,802Net Income 2024: -$62,2692024

Highlighted filing

2023

Revenue$271,052
Expenses$364,357
Net Income-$93,305
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Nov 13, 2023
Return Version
2022v5.0
Gross Receipts
$272,644
Mission and Program Overview

Mission

The Springvale Public Library was Created and Operated to Own and Maintain a Special Library for Mutual and Literary Purposes

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,822,644$3,038,418▲ $215,774
Land, Buildings, and Equipment, Net$1,220,275$1,163,276▼ $56,999
Cash and Non-Interest-Bearing Accounts$71,020$51,307▼ $19,713
Total Assets$4,127,089$4,266,151▲ $139,062
Other Assets Total$13,150$13,150→ $0
Liabilities
Accounts Payable and Accrued Expenses$27,957$34,571▲ $6,614
Other Liabilities$3,884$133▼ $3,751
Total Liabilities$31,841$34,704▲ $2,863
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,984,446$3,897,569▼ $86,877
Net Assets With Donor Restrictions$110,802$333,878▲ $223,076
Total Net Assets Fund Balance$4,095,248$4,231,447▲ $136,199
Total Liabilities and Net Assets / Fund Balance$4,127,089$4,266,151▲ $139,062

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$830,149$737,335$1,567,484
Other Land Buildings-$564,016$546,764
Land$333,127-$333,127
Equipment-$225,903$225,903
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lesley UngerExecutive DirectorPT$50,610$50,610

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$243,635
Program Service Revenue
$8,476
Investment Income
$0
Other Revenue
$18,941
All Other Contributions
$43,973
Change in Net Assets
$-93,305
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$228,867
Other Expenses$135,490
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$137,487--$137,487
Current Officers, Directors, Trustees, and Key Employees$43,019$7,591-$50,610
Other Employee Benefits$24,496--$24,496
Payroll Taxes$14,647$1,627-$16,274
Other Expenses$5,988--$5,988
Insurance$5,403$558-$5,961
Fees for Services Accounting-$5,460-$5,460
Office Expenses-$4,732-$4,732
Advertising$3,104--$3,104
All Other Expenses$2,559--$2,559
Total Functional Expenses$344,389$19,968$0$364,357
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$17,736
Fundraising Direct Expenses$1,592
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Online Auction$12,526$12,526-$12,526
Book Sale$5,210$5,210-$5,210
Total Events$17,736$17,736$1,592$16,144
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$133
Deferred revenue and payroll taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
Yes
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, Section B, Line 11

Treasurer and Board review the draft Form 990 and authorize its e-filing after review.

Form 990, Part VI, Section B, Line 15

Board has a personel subcommittee who reviews education, experience, peformanc and compairs with data for other City library in Sanford and with State of Maine data for library wages.

Filing and Contact Details

Filer

Filer Name
Springvale Public Library Association
EIN
01-0231382
Phone
2073246777
Address
443 MAIN STREET, SPRINGVALE, ME 04083

Signing Officer

Name
Geoff Titherington
Title
Treasurer
Phone
2073246777
Signed
2023-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Geoff Titherington
Formed
1907
Legal Domicile
Me
Voting Board Members
12
Independent Board Members
12
Employees
11
Volunteers
25

Preparer

Firm
Ferguson & Nichols
Address
PO Box 97, Springvale, ME 04083
Preparer
David R Ferguson
Phone
2073245357
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2A

Organization moved from an accounting firm hired to provide a consolidated financial statement to having one prepared by a independent bookkeeper. The Form 990 is prepared by an independent Tax Attorney based on the financials provided.

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IRS990/OtherExpensesGrp/ProgramServicesAmt221481
IRS990/OtherExpensesGrp/ProgramServicesAmt35988
IRS990/OtherExpensesGrp/TotalAmt047245
IRS990/OtherExpensesGrp/TotalAmt138960
IRS990/OtherExpensesGrp/TotalAmt221481
IRS990/OtherExpensesGrp/TotalAmt35988
IRS990/OtherLiabilitiesGrp/BOYAmt03884
IRS990/OtherLiabilitiesGrp/EOYAmt0133
IRS990/OtherRevenueMiscGrp/Desc0Other Revenue
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02797
IRS990/OtherRevenueTotalAmt02797
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0137487
IRS990/OtherSalariesAndWagesGrp/TotalAmt0137487
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01627
IRS990/PayrollTaxesGrp/ProgramServicesAmt014647
IRS990/PayrollTaxesGrp/TotalAmt016274
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0Geoff Titherington
IRS990/ProfessionalFundraisingInd0true
IRS990/ProgramServiceRevenueGrp/Desc0User Fees
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt08476
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0238687
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt029761
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0139936
IRS990/PYOtherRevenueAmt017368
IRS990/PYProgramServiceRevenueAmt06349
IRS990/PYRevenuesLessExpensesAmt0-76309
IRS990/PYSalariesCompEmpBnftPaidAmt0228538
IRS990/PYTotalExpensesAmt0368474
IRS990/PYTotalRevenueAmt0292165
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-93305
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0243635
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0245036
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0260465
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0214122
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0217748
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01181006
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt030836
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt029761
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt047554
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt047158
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt045061
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0200370
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.85490
IRS990ScheduleA/PublicSupportPY170Pct00.84780
IRS990ScheduleA/PublicSupportTotal170Amt01181006
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0243635
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0245036
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0260465
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0214122
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0217748
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01181006
IRS990ScheduleA/TotalSupportAmt01381376
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/BookValueAmt0830149
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0737335
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01567484
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0225903
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0225903
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt0333127
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0333127
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0564016
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0546764
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0133
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Deferred revenue and payroll taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01163276
IRS990ScheduleD/TotalLiabilityAmt0133
IRS990ScheduleG/EmailSolicitationsInd0X
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt01592
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Book Sale
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0Online Auction
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt05210
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt012526
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt017736
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt05210
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt012526
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt017736
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt016144
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent2Amt01592
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt01592
IRS990ScheduleG/MailSolicitationsInd0X
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Treasurer and Board review the draft Form 990 and authorize its e-filing after review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board has a personel subcommittee who reviews education, experience, peformanc and compairs with data for other City library in Sanford and with State of Maine data for library wages.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Organization moved from an accounting firm hired to provide a consolidated financial statement to having one prepared by a independent bookkeeper. The Form 990 is prepared by an independent Tax Attorney based on the financials provided.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part XII, Line 2a
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0ME
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04127089
IRS990/TotalAssetsEOYAmt04266151
IRS990/TotalAssetsGrp/BOYAmt04127089
IRS990/TotalAssetsGrp/EOYAmt04266151
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0243635
IRS990/TotalEmployeeCnt011
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.70$0.03$4.67$0.27$0.33$0.06
2023Detailed filing. Detailed filing data is available for this year.$4.27$0.03$4.23$0.27$0.36$0.09
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.13$0.03$4.10$0.29$0.37$0.08
2021Detailed filing. Detailed filing data is available for this year.$4.51$0.00$4.51$0.36$0.39$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.94$0.04$3.90$0.28$0.38$0.10
2019Summary only. Only limited summary data is available for this year.$3.78$0.00$3.78$0.26$0.36$0.10
2018Summary only. Only limited summary data is available for this year.$3.68$0.00$3.68$0.29$0.35$0.06
2017Summary only. Only limited summary data is available for this year.$3.57$0.00$3.57$0.23$0.33$0.09
2016Summary only. Only limited summary data is available for this year.$3.39$0.00$3.39$0.24$0.32$0.08
2015Summary only. Only limited summary data is available for this year.$3.50$0.00$3.50$0.23$0.33$0.11
2014Summary only. Only limited summary data is available for this year.$3.53$0.00$3.53$0.23$0.32$0.09
2013Summary only. Only limited summary data is available for this year.$3.34$0.00$3.34$0.27$0.31$0.04
2012Summary only. Only limited summary data is available for this year.$3.19$0.00$3.19$0.25$0.30$0.05
2011Summary only. Only limited summary data is available for this year.$3.22$0.00$3.22$0.25$0.30$0.05