Civic Intelligence

Topsham Public Library

990 • Fiscal year 2015 • EIN 01-0268926

Jul 01, 2014 to Jun 30, 2015 • Filed on Dec 24, 2015

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

57th percentile

0.07x

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

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

55th percentile

0.06x

Higher debt load relative to revenue than 55% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

56th percentile

5.2%

Higher net margin than 56% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

82nd percentile

$80,976

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 15.4% of source-year revenue.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

73rd percentile

13%

Faster asset growth than 73% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

68th percentile

14%

Faster revenue growth than 68% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Up

$395,621

Up $45,309 (+13%) from 2014

Net Assets

Up

$365,986

Up $25,840 (+7.6%) from 2014

Liabilities

Up

$29,635

Up $19,469 (+192%) from 2014

Revenue

Up

$526,988

Up $65,707 (+14%) from 2014

Expenses

Up

$499,825

Up $21,456 (+4.5%) from 2014

Net Income

Up

$27,163

Up $44,251 (+259%) from 2014

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

2015

Assets$395,621
Liabilities$29,635
Net Assets$365,986

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

2015

Revenue$526,988
Expenses$499,825
Net Income$27,163
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Dec 24, 2015
Return Version
2014v6.0
Gross Receipts
$526,988
Mission and Program Overview

Mission

PUBLIC LIBRARY

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$58,966$76,726▲ $17,760
Cash and Non-Interest-Bearing Accounts$47,018$75,289▲ $28,271
Savings and Temporary Cash Investments$14,700$14,716▲ $16
Accounts Receivable$293$849▲ $556
Total Assets$350,312$395,621▲ $45,309
Other Assets Total$229,335$228,041▼ $1,294
Liabilities
Accounts Payable and Accrued Expenses$1,533$17,255▲ $15,722
Other Liabilities$8,633$12,380▲ $3,747
Total Liabilities$10,166$29,635▲ $19,469
Net Assets / Fund Balance
Permanently Rstr Net Assets$226,498$225,175▼ $1,323
Unrestricted Net Assets$87,596$101,782▲ $14,186
Temporarily Rstr Net Assets$26,052$39,029▲ $12,977
Total Net Assets Fund Balance$340,146$365,986▲ $25,840
Total Liabilities and Net Assets / Fund Balance$350,312$395,621▲ $45,309

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$40,040$151,425$191,465
Buildings$36,686$7,397$44,083
Other Assets Org$228,041--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Susan Preece-FT$66,021$14,955$80,976
Irene MartinTreasurer-$3,000-$3,000
Revenue and Support

Revenue Composition

Contributions and Grants
$503,523
Program Service Revenue
$13,082
Investment Income
$7,645
Other Revenue
$2,738
All Other Contributions
$92,996
Change in Net Assets
$27,163

Audited Revenue Reconciliation

Revenue per Audited Statements
$526,988
Revenue Not Reported on Form 990
$56,969
Total Revenue per Audited Statements
$583,957
Total Revenue per Form 990
$526,988
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$358,299
Other Expenses$141,526
Total Fundraising Expense$30,175
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$172,983$43,246$21,900$238,129
Current Officers, Directors, Trustees, and Key Employees$78,031--$78,031
Occupancy$28,255--$28,255
Payroll Taxes$21,320$3,750$1,774$26,844
Office Expenses$12,513$8,342$2,495$23,350
Other Employee Benefits$6,737$1,684-$8,421
Depreciation Depletion$8,087--$8,087
Advertising$7,387--$7,387
Fees for Services Accounting-$6,900-$6,900
Pension Plan Contributions$5,499$1,375-$6,874
Insurance$2,629$1,753-$4,382
Fees for Services Other--$3,731$3,731
Other Expenses$965$644$173$1,609
All Other Expenses$635$567$102$1,304
Conferences and Meetings$889--$889
Total Functional Expenses$401,389$68,261$30,175$499,825

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$558,117
Expenses per Audited Statements$499,825
Total Expenses per Form 990$499,825
Expenses Not Reported on Form 990$58,292
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$1,800
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$12,380
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

Filer Name
Topsham Public Library
EIN
01-0268926
Phone
2077251727
Address
25 FORESIDE ROAD, TOPSHAM, ME 04086

Signing Officer

Name
Susan Preece
Title
Executive Director
Phone
2077251727
Signed
2015-12-24

Organization Details

Principal Officer
Susan Preece
Formed
1939
Legal Domicile
Me
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
74

Preparer

Firm
Smith & Associates Cpas
Address
500 US ROUTE 1 STE 203, YARMOUTH, ME 04096-6937
Preparer
Amanda Schultz Brown CPA
Phone
2078468881
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

Regular volunteers provided approximately 61.55 hours per week of service to the topsham public library for a total of 3,200.75 hours during the fiscal year ended june 30, 2015. In 2014, volunteer service was valued at 23.07 per hour by the independent sector. The total value of donated volunteer hours based on this figure is 73,841. 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. Additionally, in fiscal year 2015, the friends supported the library materials budget with an additional 8,000. The friends pay program costs either directly or reimburse the library for those programs. In fiscal year 2015, the amount of support from the friends came to 17,350. Individuals and local organizations have also provided umreimbursed library programming over the course of fiscal year 2015. These programs have been lectures, artist talks, film programs, etc. And have an estimated value of 25,600.

Form 990, Part XI, Line 9

Change in value of beneficial interest in perpetual trust -1,323

Financial Statement Notes

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

Change in value of beneficial interest in perpetual trust -1,323

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherExpensesGrp/Desc1MAINTENANCE AND REPAIRS
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3TELEPHONE
IRS990/OtherExpensesGrp/FundraisingAmt0173
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0644
IRS990/OtherExpensesGrp/ProgramServicesAmt044980
IRS990/OtherExpensesGrp/ProgramServicesAmt16547
IRS990/OtherExpensesGrp/ProgramServicesAmt23932
IRS990/OtherExpensesGrp/ProgramServicesAmt3965
IRS990/OtherExpensesGrp/TotalAmt044980
IRS990/OtherExpensesGrp/TotalAmt16547
IRS990/OtherExpensesGrp/TotalAmt24105
IRS990/OtherExpensesGrp/TotalAmt31609
IRS990/OtherLiabilitiesGrp/BOYAmt08633
IRS990/OtherLiabilitiesGrp/EOYAmt012380
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/ExclusionAmt0938
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0938
IRS990/OtherRevenueTotalAmt0938
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt021900
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt043246
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0172983
IRS990/OtherSalariesAndWagesGrp/TotalAmt0238129
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt01774
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03750
IRS990/PayrollTaxesGrp/ProgramServicesAmt021320
IRS990/PayrollTaxesGrp/TotalAmt026844
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01375
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt05499
IRS990/PensionPlanContributionsGrp/TotalAmt06874
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0226498
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0225175
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0SUSAN PREECE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0519100
IRS990/ProgramServiceRevenueGrp/Desc0FINES & FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt013082
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt013082
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0440120
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt06237
IRS990/PYOtherExpensesAmt0152112
IRS990/PYOtherRevenueAmt01050
IRS990/PYProgramServiceRevenueAmt013874
IRS990/PYRevenuesLessExpensesAmt0-17088
IRS990/PYSalariesCompEmpBnftPaidAmt0326257
IRS990/PYTotalExpensesAmt0478369
IRS990/PYTotalRevenueAmt0461281
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt027163
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt013082
IRS990/SavingsAndTempCashInvstGrp/BOYAmt014700
IRS990/SavingsAndTempCashInvstGrp/EOYAmt014716
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0503523
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0440120
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0462616
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0399562
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0392742
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02198563
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearAmt041810
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus1YearAmt041810
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt083620
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt07645
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt06237
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt04878
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt05040
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt04806
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt028606
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt067182
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98760
IRS990ScheduleA/PublicSupportPY170Pct00.98830
IRS990ScheduleA/PublicSupportTotal170Amt02282183
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0545333
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0481930
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0462616
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0399562
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0392742
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02282183
IRS990ScheduleA/TotalSupportAmt02310789
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/BookValueAmt036686
IRS990ScheduleD/BuildingsGrp/DepreciationAmt07397
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt044083
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt058292
IRS990ScheduleD/DonatedServicesUseFcltsAmt058292
IRS990ScheduleD/EquipmentGrp/BookValueAmt040040
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0151425
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0191465
IRS990ScheduleD/ExpensesNotReportedAmt058292
IRS990ScheduleD/ExpensesSubtotalAmt0499825
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0228041
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0BENEFICIAL INTEREST IN TRUST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt012380
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL LEASE
IRS990ScheduleD/OtherRevenueAmt0-1323
IRS990ScheduleD/RevenueNotReportedAmt056969
IRS990ScheduleD/RevenueSubtotalAmt0526988
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST -1,323
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt076726
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0228041
IRS990ScheduleD/TotalExpensesPerForm990Amt0499825
IRS990ScheduleD/TotalLiabilityAmt012380
IRS990ScheduleD/TotalRevenuePerForm990Amt0526988
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0583957
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0558117
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REGULAR VOLUNTEERS PROVIDED APPROXIMATELY 61.55 HOURS PER WEEK OF SERVICE TO THE TOPSHAM PUBLIC LIBRARY FOR A TOTAL OF 3,200.75 HOURS DURING THE FISCAL YEAR ENDED JUNE 30, 2015. IN 2014, VOLUNTEER SERVICE WAS VALUED AT 23.07 PER HOUR BY THE INDEPENDENT SECTOR. THE TOTAL VALUE OF DONATED VOLUNTEER HOURS BASED ON THIS FIGURE IS 73,841. 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. ADDITIONALLY, IN FISCAL YEAR 2015, THE FRIENDS SUPPORTED THE LIBRARY MATERIALS BUDGET WITH AN ADDITIONAL 8,000. THE FRIENDS PAY PROGRAM COSTS EITHER DIRECTLY OR REIMBURSE THE LIBRARY FOR THOSE PROGRAMS. IN FISCAL YEAR 2015, THE AMOUNT OF SUPPORT FROM THE FRIENDS CAME TO 17,350. INDIVIDUALS AND LOCAL ORGANIZATIONS HAVE ALSO PROVIDED UMREIMBURSED LIBRARY PROGRAMMING OVER THE COURSE OF FISCAL YEAR 2015. THESE PROGRAMS HAVE BEEN LECTURES, ARTIST TALKS, FILM PROGRAMS, ETC. AND HAVE AN ESTIMATED VALUE OF 25,600.
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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE LIBRARY MAKES AVAILABLE TO THE PUBLIC UPON REQUEST ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST -1,323
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0ME
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt026052
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt039029
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0350312
IRS990/TotalAssetsEOYAmt0395621
IRS990/TotalAssetsGrp/BOYAmt0350312
IRS990/TotalAssetsGrp/EOYAmt0395621
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0503523
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt030175
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt068261
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0401389
IRS990/TotalFunctionalExpensesGrp/TotalAmt0499825

Document Assets

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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