Civic Intelligence

Topsham Public Library

990 • Fiscal year 2024 • EIN 01-0268926

Jul 01, 2023 to Jun 30, 2024 • Filed on Feb 04, 2025

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

35th percentile

0.02x

Higher debt load relative to assets than 35% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

36th percentile

0.03x

Higher debt load relative to revenue than 36% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

44th percentile

2.0%

Higher net margin than 44% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

73rd percentile

$115,820

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 11.9% of source-year revenue.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

51st percentile

4.5%

Faster asset growth than 51% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

49th percentile

7.4%

Faster revenue growth than 49% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,715,609

Up $74,350 (+4.5%) from 2023

Net Assets

Up

$1,689,538

Up $85,908 (+5.4%) from 2023

Liabilities

Down

$26,071

Down $11,558 (-31%) from 2023

Revenue

Up

$969,920

Up $66,944 (+7.4%) from 2023

Expenses

Up

$950,394

Up $27,302 (+3.0%) from 2023

Net Income

Up

$19,526

Up $39,642 (+197%) from 2023

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

2024

Assets$1,715,609
Liabilities$26,071
Net Assets$1,689,538

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

2024

Revenue$969,920
Expenses$950,394
Net Income$19,526
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Feb 4, 2025
Return Version
2023v6.0
Gross Receipts
$969,920
Mission and Program Overview

Mission

PUBLIC LIBRARY

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$218,913$232,698▲ $13,785
Land, Buildings, and Equipment, Net$191,761$192,251▲ $490
Pledges and Grants Receivable$18,608$12,536▼ $6,072
Prepaid Expenses and Deferred Charges$2,063$1,828▼ $235
Total Assets$1,641,259$1,715,609▲ $74,350
Other Assets Total$1,209,914$1,276,296▲ $66,382
Liabilities
Accounts Payable and Accrued Expenses$24,282$15,733▼ $8,549
Other Liabilities$13,347$10,338▼ $3,009
Total Liabilities$37,629$26,071▼ $11,558
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,210,394$1,277,003▲ $66,609
Net Assets Without Donor Restrictions$393,236$412,535▲ $19,299
Total Net Assets Fund Balance$1,603,630$1,689,538▲ $85,908
Total Liabilities and Net Assets / Fund Balance$1,641,259$1,715,609▲ $74,350

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$30,321$207,503$237,824
Buildings$161,930$36,560$198,490
Other Assets Org$1,276,296--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Susan PreeceExec. DirectorFT$98,046$17,774$115,820

Board Members and Trustees

NameTitle
DEBORAH O'NEILPresident
Kelley GliddenPresident
Don SteinTrustee
Erin ArnesonTrustee
Hahna PattersonTrustee
Helen KincaidTrustee
Patricia VaughnTrustee
Phil DostieSecretary
Eleanor YoungStudent Memb
Jim DoyleTreasurer
Barbara SwiderskiVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$956,494
Program Service Revenue
$12,293
Investment Income
$0
Other Revenue
$1,133
All Other Contributions
$160,480
Change in Net Assets
$19,526

Audited Revenue Reconciliation

Revenue per Audited Statements
$969,920
Revenue Not Reported on Form 990
$154,637
Total Revenue per Audited Statements
$1,124,557
Total Revenue per Form 990
$969,920
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$725,873
Other Expenses$224,521
Total Fundraising Expense$47,820
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$420,029$59,414-$479,443
Current Officers, Directors, Trustees, and Key Employees$28,207$56,415$28,207$112,829
Other Employee Benefits$63,575$4,773$5,218$73,566
Payroll Taxes$34,235$7,926$2,251$44,412
Occupancy$23,273--$23,273
Office Expenses$14,367$3,884$559$18,810
Depreciation Depletion$16,538--$16,538
Pension Plan Contributions$13,501$1,014$1,108$15,623
Fees for Services Accounting-$13,630-$13,630
Advertising$11,421-$1,859$13,280
Insurance$4,748$3,166-$7,914
Other Expenses$4,529-$8,591$4,529
Conferences and Meetings$2,948--$2,948
Interest-$456-$456
Fees for Services Other$250--$250
All Other Expenses$168-$27$195
Total Functional Expenses$751,896$150,678$47,820$950,394

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,038,649
Expenses per Audited Statements$950,394
Total Expenses per Form 990$950,394
Expenses Not Reported on Form 990$88,255
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
Capital Lease$10,338
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 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
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
Katherine Webber
Title
Executive Director
Phone
2077251727
Signed
2025-02-04

Organization Details

Principal Officer
Katherine Webber
Formed
1939
Legal Domicile
Me
Voting Board Members
10
Independent Board Members
10
Employees
13
Volunteers
48

Preparer

Firm
Smith & Associates Cpas
Address
500 US ROUTE 1 STE 102, YARMOUTH, ME 04096-6817
Preparer
Amanda Schultz Brown CPA
Phone
2078468881
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

Volunteers provide approximately 34 hours per week of service to the topsham public library for a total of 1,757 hours. Based on the values from the independent sector, the total value for this service is 58,825. (http://www.independentsector.org/volunteer_time). The friends of the topsham public library offer support in the form of an annual book sale and memberships; the proceeds of which are used to provide programming for the library for all ages.the friends usually pay program costs either directly or reimburse the library for programs. In fy 23, the amount of support from the friends came to 13,878.

Form 990, Part V

Line 2a - the town of topsham prepares and files all necessary employee wage reports using the town's ein.

Form 990, Part XI, Line 9

Change in value of beneficial interest in perpetual trust 66,382

Financial Statement Notes

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

Change in value of beneficial interest in perpetual trust 66,382

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IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03884
IRS990/OfficeExpensesGrp/ProgramServicesAmt014367
IRS990/OfficeExpensesGrp/TotalAmt018810
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01209914
IRS990/OtherAssetsTotalGrp/EOYAmt01276296
IRS990/OtherChangesInNetAssetsAmt066382
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt05218
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04773
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt063575
IRS990/OtherEmployeeBenefitsGrp/TotalAmt073566
IRS990/OtherExpensesGrp/Desc0BOOKS & VIDEOS
IRS990/OtherExpensesGrp/Desc1MAINTENANCE AND REPAIRS
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3SMALL FURNISHINGS/EQUIP
IRS990/OtherExpensesGrp/FundraisingAmt08591
IRS990/OtherExpensesGrp/ProgramServicesAmt0103352
IRS990/OtherExpensesGrp/ProgramServicesAmt110755
IRS990/OtherExpensesGrp/ProgramServicesAmt24529
IRS990/OtherExpensesGrp/TotalAmt0103352
IRS990/OtherExpensesGrp/TotalAmt110755
IRS990/OtherExpensesGrp/TotalAmt28591
IRS990/OtherExpensesGrp/TotalAmt34529
IRS990/OtherLiabilitiesGrp/BOYAmt013347
IRS990/OtherLiabilitiesGrp/EOYAmt010338
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER
IRS990/OtherRevenueMiscGrp/ExclusionAmt01133
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01133
IRS990/OtherRevenueTotalAmt01133
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt059414
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0420029
IRS990/OtherSalariesAndWagesGrp/TotalAmt0479443
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt02251
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07926
IRS990/PayrollTaxesGrp/ProgramServicesAmt034235
IRS990/PayrollTaxesGrp/TotalAmt044412
IRS990/PensionPlanContributionsGrp/FundraisingAmt01108
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01014
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt013501
IRS990/PensionPlanContributionsGrp/TotalAmt015623
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt018608
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt012536
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02063
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01828
IRS990/PrincipalOfficerNm0KATHERINE WEBBER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0519100
IRS990/ProgramServiceRevenueGrp/Desc0FINES & FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt012293
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt012293
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0888061
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0923
IRS990/PYOtherExpensesAmt0225334
IRS990/PYOtherRevenueAmt01040
IRS990/PYProgramServiceRevenueAmt012952
IRS990/PYRevenuesLessExpensesAmt0-20116
IRS990/PYSalariesCompEmpBnftPaidAmt0697758
IRS990/PYTotalExpensesAmt0923092
IRS990/PYTotalRevenueAmt0902976
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt019526
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt012293
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0956494
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0888061
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0900884
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0312311
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0785123
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03842873
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus1YearAmt071896
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus2YearsAmt049561
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt041810
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt041810
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt0205077
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt011
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt054
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt065
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt065415
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99820
IRS990ScheduleA/PublicSupportPY170Pct00.99770
IRS990ScheduleA/PublicSupportTotal170Amt06991248
IRS990ScheduleA/SubstantialContributorsTotAmt012490
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt0761137
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt0738102
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt0769094
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt0687455
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt02955788
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0956494
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01721094
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01688547
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01123215
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01514388
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt07003738
IRS990ScheduleA/TotalSupportAmt07003936
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt0133
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt0133
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0161930
IRS990ScheduleD/BuildingsGrp/DepreciationAmt036560
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0198490
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt088255
IRS990ScheduleD/DonatedServicesUseFcltsAmt088255
IRS990ScheduleD/EquipmentGrp/BookValueAmt030321
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0207503
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0237824
IRS990ScheduleD/ExpensesNotReportedAmt088255
IRS990ScheduleD/ExpensesSubtotalAmt0950394
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01276296
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0BENEFICIAL INTEREST IN TRUST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt010338
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL LEASE
IRS990ScheduleD/OtherRevenueAmt066382
IRS990ScheduleD/RevenueNotReportedAmt0154637
IRS990ScheduleD/RevenueSubtotalAmt0969920
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST 66,382
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0192251
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01276296
IRS990ScheduleD/TotalExpensesPerForm990Amt0950394
IRS990ScheduleD/TotalLiabilityAmt010338
IRS990ScheduleD/TotalRevenuePerForm990Amt0969920
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01124557
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01038649
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0VOLUNTEERS PROVIDE APPROXIMATELY 34 HOURS PER WEEK OF SERVICE TO THE TOPSHAM PUBLIC LIBRARY FOR A TOTAL OF 1,757 HOURS. BASED ON THE VALUES FROM THE INDEPENDENT SECTOR, THE TOTAL VALUE FOR THIS SERVICE IS 58,825. (HTTP://WWW.INDEPENDENTSECTOR.ORG/VOLUNTEER_TIME). THE FRIENDS OF THE TOPSHAM PUBLIC LIBRARY OFFER SUPPORT IN THE FORM OF AN ANNUAL BOOK SALE AND MEMBERSHIPS; THE PROCEEDS OF WHICH ARE USED TO PROVIDE PROGRAMMING FOR THE LIBRARY FOR ALL AGES.THE FRIENDS USUALLY PAY PROGRAM COSTS EITHER DIRECTLY OR REIMBURSE THE LIBRARY FOR PROGRAMS. IN FY 23, THE AMOUNT OF SUPPORT FROM THE FRIENDS CAME TO 13,878.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1LINE 2A - THE TOWN OF TOPSHAM PREPARES AND FILES ALL NECESSARY EMPLOYEE WAGE REPORTS USING THE TOWN'S EIN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF TRUSTEES MEETS AND REVIEWS THE AUDITED FINANCIAL STATEMENTS AND FORM 990 BEFORE THE FORM 990 IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3IT 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/ExplanationTxt4THE 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/ExplanationTxt5THE 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/ExplanationTxt6THE LIBRARY MAKES AVAILABLE TO THE PUBLIC UPON REQUEST ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST 66,382
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART V
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0ME
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01641259
IRS990/TotalAssetsEOYAmt01715609
IRS990/TotalAssetsGrp/BOYAmt01641259
IRS990/TotalAssetsGrp/EOYAmt01715609

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