Civic Intelligence

Topsham Public Library

990 • Fiscal year 2014 • EIN 01-0268926

Jul 01, 2013 to Jun 30, 2014 • Filed on Oct 23, 2014

25 Foreside RoadTopsham, ME 04086

(207) 725-1727

Siviq Scores

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

Liabilities / Assets

68th percentile

0.03x

Higher debt load relative to assets than 68% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

69th percentile

0.02x

Higher debt load relative to revenue than 69% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

32nd percentile

-3.7%

Higher net margin than 32% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

97th percentile

$75,071

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 16.3% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

55th percentile

4.9%

Faster asset growth than 55% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

40th percentile

-4.4%

Faster revenue growth than 40% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Up

$350,312

Up $16,254 (+4.9%) from 2013

Net Assets

Up

$340,146

Up $6,563 (+2.0%) from 2013

Liabilities

Up

$10,166

Up $9,691 (+2040%) from 2013

Revenue

Down

$461,281

Down $21,477 (-4.4%) from 2013

Expenses

Up

$478,369

Up $39,585 (+9.0%) from 2013

Net Income

Down

-$17,088

Down $61,062 (-139%) from 2013

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $287,671Liabilities 2011: $0Net Assets 2011: $287,6712011Assets 2012: $277,814Liabilities 2012: $3,250Net Assets 2012: $274,5642012Assets 2013: $334,058Liabilities 2013: $475Net Assets 2013: $333,5832013Assets 2014: $350,312Liabilities 2014: $10,166Net Assets 2014: $340,1462014Assets 2015: $395,621Liabilities 2015: $29,635Net Assets 2015: $365,9862015Assets 2016: $381,733Liabilities 2016: $22,777Net Assets 2016: $358,9562016Assets 2017: $377,147Liabilities 2017: $21,921Net Assets 2017: $355,2262017Assets 2018: $1,170,348Liabilities 2018: $26,597Net Assets 2018: $1,143,7512018Assets 2019: $1,215,977Liabilities 2019: $39,420Net Assets 2019: $1,176,5572019Assets 2020: $1,261,497Liabilities 2020: $134,565Net Assets 2020: $1,126,9322020Assets 2021: $1,763,633Liabilities 2021: $28,315Net Assets 2021: $1,735,3182021Assets 2022: $1,623,953Liabilities 2022: $23,892Net Assets 2022: $1,600,0612022Assets 2023: $1,641,259Liabilities 2023: $37,629Net Assets 2023: $1,603,6302023Assets 2024: $1,715,609Liabilities 2024: $26,071Net Assets 2024: $1,689,5382024

Highlighted filing

2014

Assets$350,312
Liabilities$10,166
Net Assets$340,146

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $421,5882011Expenses 2012: $433,8242012Revenue 2013: $482,758Expenses 2013: $438,784Net Income 2013: $43,9742013Revenue 2014: $461,281Expenses 2014: $478,369Net Income 2014: -$17,0882014Revenue 2015: $526,988Expenses 2015: $499,825Net Income 2015: $27,1632015Revenue 2016: $569,852Expenses 2016: $567,862Net Income 2016: $1,9902016Revenue 2017: $643,051Expenses 2017: $666,533Net Income 2017: -$23,4822017Revenue 2018: $1,483,841Expenses 2018: $706,553Net Income 2018: $777,2882018Revenue 2019: $780,907Expenses 2019: $769,016Net Income 2019: $11,8912019Revenue 2020: $799,423Expenses 2020: $839,374Net Income 2020: -$39,9512020Revenue 2021: $1,092,279Expenses 2021: $799,612Net Income 2021: $292,6672021Revenue 2022: $916,950Expenses 2022: $900,425Net Income 2022: $16,5252022Revenue 2023: $902,976Expenses 2023: $923,092Net Income 2023: -$20,1162023Revenue 2024: $969,920Expenses 2024: $950,394Net Income 2024: $19,5262024

Highlighted filing

2014

Revenue$461,281
Expenses$478,369
Net Income-$17,088
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Oct 23, 2014
Return Version
2013v3.1
Gross Receipts
$461,281
Mission and Program Overview

Mission

PUBLIC LIBRARY

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$184,500--
Land, Buildings, and Equipment, Net$57,268$58,966▲ $1,698
Cash and Non-Interest-Bearing Accounts$36,585$47,018▲ $10,433
Savings and Temporary Cash Investments$34,666$14,700▼ $19,966
Accounts Receivable$39$293▲ $254
Total Assets$334,058$350,312▲ $16,254
Other Assets Total$21,000$229,335▲ $208,335
Liabilities
Other Liabilities-$8,633-
Accounts Payable and Accrued Expenses$475$1,533▲ $1,058
Total Liabilities$475$10,166▲ $9,691
Net Assets / Fund Balance
Permanently Rstr Net Assets$92,264$226,498▲ $134,234
Unrestricted Net Assets$88,171$87,596▼ $575
Temporarily Rstr Net Assets$153,148$26,052▼ $127,096
Total Net Assets Fund Balance$333,583$340,146▲ $6,563
Total Liabilities and Net Assets / Fund Balance$334,058$350,312▲ $16,254

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$25,030$144,588$169,618
Buildings$33,936$6,147$40,083
Other Assets Org$229,335--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$205,989-▲ $23,651-$229,335
2013$190,972$50▲ $19,845$4,878$205,989
2012$183,431$1,830▲ $6,510$799$190,972
2011$156,422$750▲ $26,259-$183,431
2010$140,654$837▲ $14,931-$156,422
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Susan Preece-FT$61,636$13,435$75,071
Irene MartinTreasurerPT$3,000-$3,000
Revenue and Support

Revenue Composition

Contributions and Grants
$440,120
Program Service Revenue
$13,874
Investment Income
$6,237
Other Revenue
$1,050
All Other Contributions
$37,376
Change in Net Assets
$-17,088

Audited Revenue Reconciliation

Revenue per Audited Statements
$461,281
Revenue Not Reported on Form 990
$81,928
Total Revenue per Audited Statements
$543,209
Total Revenue per Form 990
$461,281
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$326,257
Other Expenses$152,112
Total Fundraising Expense$21,590
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$167,973$26,584$15,856$210,413
Current Officers, Directors, Trustees, and Key Employees$60,057$15,014-$75,071
Occupancy$26,607--$26,607
Payroll Taxes$19,637$3,398$1,277$24,312
Office Expenses$12,135$7,730$2,160$22,025
Other Employee Benefits$9,520--$9,520
Conferences and Meetings$7,963-$225$8,188
Fees for Services Accounting-$7,771-$7,771
Advertising$6,262-$855$7,117
Pension Plan Contributions$6,336$605-$6,941
Depreciation Depletion$6,934--$6,934
Insurance$2,632$1,755-$4,387
Other Expenses$1,266$844$616$2,110
All Other Expenses$1,408$269$350$2,027
Fees for Services Other$125--$125
Total Functional Expenses$392,809$63,970$21,590$478,369

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$536,646
Expenses per Audited Statements$478,369
Total Expenses per Form 990$478,369
Expenses Not Reported on Form 990$58,277
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$1,050
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
Capital Lease$8,633
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The board of trustees meets and reviews the audited financial statements and form 990 before the form 990 is filed.

Form 990, Page 6, Part VI, Line 12C

It is the responsibility of each board member to disclose on a timely basis any matters which may give rise to a conflict of interst, or which may otherwise prevent the board member from performing his or her duties in accordance whith applicable law and the conflict of interest policy. All conflict of interest transactions must be approved in accordance with the library's conflict of interest policy. From time to time, the board of directors shall take reasonable steps to assure that every director has read, understood, and agreed to comply with the policy, which may include the requirement that all directors sign a written statement acknowledging and agreeing to the policy.

Form 990, Page 6, Part VI, Line 15A

The library's human resource committee does periodic research on compensation using federal statistical data for maine libraries and maine municipal association documentation of local compensation of library directors.

Form 990, Page 6, Part VI, Line 15B

The treasurer position may be a paid position in which case the board sets the compensation. The treasurer is not a voting member of the board.

Form 990, Page 6, Part VI, Line 19

The library makes available to the public upon request its governing documents, conflict of interest policy, and financial statements.

Filing and Contact Details

Filer

EIN
01-0268926
Phone
2077251727

Signing Officer

Name
Susan Preece
Title
Executive Director
Phone
2077251727
Signed
2014-10-23

Organization Details

Principal Officer
Susan Preece
Formed
1939
Legal Domicile
Me
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
52

Preparer

Preparer
Amanda Schultz Brown CPA
Phone
2078468881
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

Regular volunteers provided approximately 60.6 hours per week of service to the topsham public library for a total of 3,153 hours during the fiscal year ended june 30, 2013. In 2012, volunteer service was valued at 22.14 per hour by the independent sector. The total value of donated volunteer hours based on this figure is 69,807. The friends of the topsham public library offer support in the form of an annual books sale the proceeds of which are used to provide programming for the library for all ages. The friends pay those costs either directly or reimburse the library for those programs. In fiscal year 2013, the amount of support from the friends came to 8,500. Individuals and local organizations have also provided umreimbursed library programming over the course of fiscal year 2013. These programs have been lectures, artist talks, film programs, etc. And have an estimated value of 3,000.

Form 990, Part XI, Line 9

Change in value of beneficial interest in perpetual trust 10,573

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Topsham public library fund - the library is the beneficiary of a perpetual trust administered by maine community foundation. Under the terms of the trust, the library has the right to receive income from the fund in each year. Williams trust - the library is the beneficiary of a trust administered by the town of topsham. Upon request from the library and approval by the board of selectmen of the town, interest is paid to the library for general operating expenses.

Schedule D, Page 4, Part XI, Line 2D

Change in value of beneficial interest in perpetual trust 10,573

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IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt01050
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt01050
IRS990/NetUnrlzdGainsLossesInvstAmt013078
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt026607
IRS990/OccupancyGrp/TotalAmt026607
IRS990/OfficeExpensesGrp/FundraisingAmt02160
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt07730
IRS990/OfficeExpensesGrp/ProgramServicesAmt012135
IRS990/OfficeExpensesGrp/TotalAmt022025
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt021000
IRS990/OtherAssetsTotalGrp/EOYAmt0229335
IRS990/OtherChangesInNetAssetsAmt010573
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt09520
IRS990/OtherEmployeeBenefitsGrp/TotalAmt09520
IRS990/OtherExpensesGrp/Desc0BOOKS & VIDEOS
IRS990/OtherExpensesGrp/Desc1MAINTENANCE AND REPAIRS
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3TELEPHONE
IRS990/OtherExpensesGrp/FundraisingAmt0251
IRS990/OtherExpensesGrp/FundraisingAmt1616
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0844
IRS990/OtherExpensesGrp/ProgramServicesAmt054267
IRS990/OtherExpensesGrp/ProgramServicesAmt16766
IRS990/OtherExpensesGrp/ProgramServicesAmt22921
IRS990/OtherExpensesGrp/ProgramServicesAmt31266
IRS990/OtherExpensesGrp/TotalAmt054267
IRS990/OtherExpensesGrp/TotalAmt17017
IRS990/OtherExpensesGrp/TotalAmt23537
IRS990/OtherExpensesGrp/TotalAmt32110
IRS990/OtherLiabilitiesGrp/EOYAmt08633
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt015856
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt026584
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0167973
IRS990/OtherSalariesAndWagesGrp/TotalAmt0210413
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt01277
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03398
IRS990/PayrollTaxesGrp/ProgramServicesAmt019637
IRS990/PayrollTaxesGrp/TotalAmt024312
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0605
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt06336
IRS990/PensionPlanContributionsGrp/TotalAmt06941
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt092264
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0226498
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0SUSAN PREECE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0519100
IRS990/ProgramServiceRevenueGrp/Desc0FINES & FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt013874
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt013874
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0462616
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt04878
IRS990/PYOtherExpensesAmt0155416
IRS990/PYOtherRevenueAmt01150
IRS990/PYProgramServiceRevenueAmt014114
IRS990/PYRevenuesLessExpensesAmt043974
IRS990/PYSalariesCompEmpBnftPaidAmt0283368
IRS990/PYTotalExpensesAmt0438784
IRS990/PYTotalRevenueAmt0482758
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-17088
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt013874
IRS990/SavingsAndTempCashInvstGrp/BOYAmt034666
IRS990/SavingsAndTempCashInvstGrp/EOYAmt014700
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0440120
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0462616
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0399562
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0392742
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0423376
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02118416
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearAmt041810
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt041810
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt06237
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt04878
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt05040
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt04806
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt04512
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt025473
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt068497
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98830
IRS990ScheduleA/PublicSupportPY170Pct00.98800
IRS990ScheduleA/PublicSupportTotal170Amt02160226
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0481930
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0462616
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0399562
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0392742
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0423376
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02160226
IRS990ScheduleA/TotalSupportAmt02185699
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/BookValueAmt033936
IRS990ScheduleD/BuildingsGrp/DepreciationAmt06147
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt040083
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0205989
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0229335
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt023651
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0190972
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt050
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0205989
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt019845
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt04878
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0183431
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt01830
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0190972
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt06510
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0799
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0156422
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0750
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0183431
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt026259
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0140654
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0837
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0156422
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt014931
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt058277
IRS990ScheduleD/DonatedServicesUseFcltsAmt058277
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt025030
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0144588
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0169618
IRS990ScheduleD/ExpensesNotReportedAmt058277
IRS990ScheduleD/ExpensesSubtotalAmt0478369
IRS990ScheduleD/NetUnrealizedGainsInvstAmt013078
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0229335
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0BENEFICIAL INTEREST IN TRUST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08633
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL LEASE
IRS990ScheduleD/OtherRevenueAmt010573
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RevenueNotReportedAmt081928
IRS990ScheduleD/RevenueSubtotalAmt0461281
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TOPSHAM PUBLIC LIBRARY FUND - THE LIBRARY IS THE BENEFICIARY OF A PERPETUAL TRUST ADMINISTERED BY MAINE COMMUNITY FOUNDATION. UNDER THE TERMS OF THE TRUST, THE LIBRARY HAS THE RIGHT TO RECEIVE INCOME FROM THE FUND IN EACH YEAR. WILLIAMS TRUST - THE LIBRARY IS THE BENEFICIARY OF A TRUST ADMINISTERED BY THE TOWN OF TOPSHAM. UPON REQUEST FROM THE LIBRARY AND APPROVAL BY THE BOARD OF SELECTMEN OF THE TOWN, INTEREST IS PAID TO THE LIBRARY FOR GENERAL OPERATING EXPENSES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST 10,573
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt058966
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0229335
IRS990ScheduleD/TotalExpensesPerForm990Amt0478369
IRS990ScheduleD/TotalLiabilityAmt08633
IRS990ScheduleD/TotalRevenuePerForm990Amt0461281
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0543209
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0536646
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REGULAR VOLUNTEERS PROVIDED APPROXIMATELY 60.6 HOURS PER WEEK OF SERVICE TO THE TOPSHAM PUBLIC LIBRARY FOR A TOTAL OF 3,153 HOURS DURING THE FISCAL YEAR ENDED JUNE 30, 2013. IN 2012, VOLUNTEER SERVICE WAS VALUED AT 22.14 PER HOUR BY THE INDEPENDENT SECTOR. THE TOTAL VALUE OF DONATED VOLUNTEER HOURS BASED ON THIS FIGURE IS 69,807. THE FRIENDS OF THE TOPSHAM PUBLIC LIBRARY OFFER SUPPORT IN THE FORM OF AN ANNUAL BOOKS SALE THE PROCEEDS OF WHICH ARE USED TO PROVIDE PROGRAMMING FOR THE LIBRARY FOR ALL AGES. THE FRIENDS PAY THOSE COSTS EITHER DIRECTLY OR REIMBURSE THE LIBRARY FOR THOSE PROGRAMS. IN FISCAL YEAR 2013, THE AMOUNT OF SUPPORT FROM THE FRIENDS CAME TO 8,500. INDIVIDUALS AND LOCAL ORGANIZATIONS HAVE ALSO PROVIDED UMREIMBURSED LIBRARY PROGRAMMING OVER THE COURSE OF FISCAL YEAR 2013. THESE PROGRAMS HAVE BEEN LECTURES, ARTIST TALKS, FILM PROGRAMS, ETC. AND HAVE AN ESTIMATED VALUE OF 3,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF TRUSTEES MEETS AND REVIEWS THE AUDITED FINANCIAL STATEMENTS AND FORM 990 BEFORE THE FORM 990 IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IT IS THE RESPONSIBILITY OF EACH BOARD MEMBER TO DISCLOSE ON A TIMELY BASIS ANY MATTERS WHICH MAY GIVE RISE TO A CONFLICT OF INTERST, OR WHICH MAY OTHERWISE PREVENT THE BOARD MEMBER FROM PERFORMING HIS OR HER DUTIES IN ACCORDANCE WHITH APPLICABLE LAW AND THE CONFLICT OF INTEREST POLICY. ALL CONFLICT OF INTEREST TRANSACTIONS MUST BE APPROVED IN ACCORDANCE WITH THE LIBRARY'S CONFLICT OF INTEREST POLICY. FROM TIME TO TIME, THE BOARD OF DIRECTORS SHALL TAKE REASONABLE STEPS TO ASSURE THAT EVERY DIRECTOR HAS READ, UNDERSTOOD, AND AGREED TO COMPLY WITH THE POLICY, WHICH MAY INCLUDE THE REQUIREMENT THAT ALL DIRECTORS SIGN A WRITTEN STATEMENT ACKNOWLEDGING AND AGREEING TO THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE LIBRARY'S HUMAN RESOURCE COMMITTEE DOES PERIODIC RESEARCH ON COMPENSATION USING FEDERAL STATISTICAL DATA FOR MAINE LIBRARIES AND MAINE MUNICIPAL ASSOCIATION DOCUMENTATION OF LOCAL COMPENSATION OF LIBRARY DIRECTORS.

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.72$0.03$1.69$0.97$0.95$0.02
2023Detailed filing. Detailed filing data is available for this year.$1.64$0.04$1.60$0.90$0.92$0.02
2022Detailed filing. Detailed filing data is available for this year.$1.62$0.02$1.60$0.92$0.90$0.02
2021Detailed filing. Detailed filing data is available for this year.$1.76$0.03$1.74$1.09$0.80$0.29
2020Detailed filing. Detailed filing data is available for this year.$1.26$0.13$1.13$0.80$0.84$0.04
2019Detailed filing. Detailed filing data is available for this year.$1.22$0.04$1.18$0.78$0.77$0.01
2018Detailed filing. Detailed filing data is available for this year.$1.17$0.03$1.14$1.48$0.71$0.78
2017Detailed filing. Detailed filing data is available for this year.$0.38$0.02$0.36$0.64$0.67$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.38$0.02$0.36$0.57$0.57$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.40$0.03$0.37$0.53$0.50$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.35$0.01$0.34$0.46$0.48$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.33$0.00$0.33$0.48$0.44$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.00$0.27$0.43
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.29$0.00$0.29$0.42