Civic Intelligence

Waldoboro Public Library

990 • Fiscal year 2023 • EIN 01-0329748

Jan 01, 2023 to Dec 31, 2023 • Filed on May 13, 2024

PO Box 768Waldoboro, ME 04572

(207) 832-4484

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.00x

Higher debt load relative to assets than 22% of similar nonprofits.

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

Liabilities / Revenue

25th percentile

0.01x

Higher debt load relative to revenue than 25% of similar nonprofits.

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

Net Margin

87th percentile

40%

Higher net margin than 87% of similar nonprofits.

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

Top Officer Pay

46th percentile

$42,238

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 14.2% of source-year revenue.

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

Asset Growth

60th percentile

8.4%

Faster asset growth than 60% of similar nonprofits.

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

Revenue Growth

100th percentile

2126%

Faster revenue growth than 100% of similar nonprofits.

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

Assets

Up

$1,531,555

Up $118,762 (+8.4%) from 2022

Net Assets

Up

$1,529,501

Up $118,958 (+8.4%) from 2022

Liabilities

Down

$2,054

Down $196 (-8.7%) from 2022

Revenue

Up

$298,475

Up $285,067 (+2126%) from 2022

Expenses

Up

$179,517

Up $3,649 (+2.1%) from 2022

Net Income

Up

$118,958

Up $281,418 (+173%) from 2022

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 2010: $1,083,982Liabilities 2010: $0Net Assets 2010: $1,083,9822010Assets 2011: $1,078,703Liabilities 2011: $1,588Net Assets 2011: $1,077,1152011Assets 2012: $1,138,286Liabilities 2012: $2,138Net Assets 2012: $1,136,1482012Assets 2013: $1,186,246Liabilities 2013: $2,377Net Assets 2013: $1,183,8692013Assets 2014: $1,200,730Liabilities 2014: $2,412Net Assets 2014: $1,198,3182014Assets 2015: $1,169,003Liabilities 2015: $3,587Net Assets 2015: $1,165,4162015Assets 2016: $1,199,003Liabilities 2016: $3,673Net Assets 2016: $1,195,3302016Assets 2017: $1,258,307Liabilities 2017: $3,537Net Assets 2017: $1,254,7702017Assets 2018: $1,190,313Liabilities 2018: $2,537Net Assets 2018: $1,187,7762018Assets 2019: $1,316,773Liabilities 2019: $2,606Net Assets 2019: $1,314,1672019Assets 2020: $1,419,454Liabilities 2020: $2,312Net Assets 2020: $1,417,1422020Assets 2021: $1,575,736Liabilities 2021: $2,733Net Assets 2021: $1,573,0032021Assets 2022: $1,412,793Liabilities 2022: $2,250Net Assets 2022: $1,410,5432022Assets 2023: $1,531,555Liabilities 2023: $2,054Net Assets 2023: $1,529,5012023Assets 2024: $1,626,182Liabilities 2024: $691Net Assets 2024: $1,625,4912024

Highlighted filing

2023

Assets$1,531,555
Liabilities$2,054
Net Assets$1,529,501

Operations Trend

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

$400K$200K$0-$200KExpenses 2010: $141,2742010Expenses 2011: $160,9642011Revenue 2012: $175,875Expenses 2012: $145,524Net Income 2012: $30,3512012Revenue 2013: $169,017Expenses 2013: $146,485Net Income 2013: $22,5322013Revenue 2014: $144,043Expenses 2014: $155,057Net Income 2014: -$11,0142014Revenue 2015: $142,567Expenses 2015: $154,543Net Income 2015: -$11,9762015Revenue 2016: $163,411Expenses 2016: $152,024Net Income 2016: $11,3872016Revenue 2017: $216,379Expenses 2017: $156,939Net Income 2017: $59,4402017Revenue 2018: $96,353Expenses 2018: $163,347Net Income 2018: -$66,9942018Revenue 2019: $293,113Expenses 2019: $166,722Net Income 2019: $126,3912019Revenue 2020: $260,459Expenses 2020: $157,484Net Income 2020: $102,9752020Revenue 2021: $316,289Expenses 2021: $160,428Net Income 2021: $155,8612021Revenue 2022: $13,408Expenses 2022: $175,868Net Income 2022: -$162,4602022Revenue 2023: $298,475Expenses 2023: $179,517Net Income 2023: $118,9582023Revenue 2024: $283,012Expenses 2024: $187,022Net Income 2024: $95,9902024

Highlighted filing

2023

Revenue$298,475
Expenses$179,517
Net Income$118,958
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 13, 2024
Return Version
2023v5.1
Gross Receipts
$298,475
Mission and Program Overview

Mission

Operation of public library

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$925,359$1,048,001▲ $122,642
Land, Buildings, and Equipment, Net$403,275$387,399▼ $15,876
Savings and Temporary Cash Investments$54,800$66,720▲ $11,920
Cash and Non-Interest-Bearing Accounts$29,359$29,435▲ $76
Total Assets$1,412,793$1,531,555▲ $118,762
Liabilities
Accounts Payable and Accrued Expenses$2,250$2,054▼ $196
Total Liabilities$2,250$2,054▼ $196
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,122,171$1,241,129▲ $118,958
Net Assets With Donor Restrictions$288,372$288,372→ $0
Total Net Assets Fund Balance$1,410,543$1,529,501▲ $118,958
Total Liabilities and Net Assets / Fund Balance$1,412,793$1,531,555▲ $118,762

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$322,106$247,045$569,151
Equipment$13,997$45,060$59,057
Land$51,296-$51,296

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$925,359-▲ $145,498$19,030$1,048,001
2022$1,069,450-▼ $131,148$9,069$925,359
2021$915,522-▲ $164,569$6,420$1,069,450
2020$813,108-▲ $114,189$7,846$915,522
2019$678,761-▲ $144,717$6,350$813,108
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Cathrina SkovExecutive DirectorPT$42,238$42,238

Board Members and Trustees

NameTitle
Andy LackoffPresident
Barbara BrewerVice President
Laurie HowarthTrustee
Mark EckertTrustee
Melissa BarbourTrustee
Nancy HaydenTrustee
Sally ButlerTrustee
Jack WatermanSecretary
Heather DilbeckTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$141,072
Program Service Revenue
$2,730
Investment Income
$145,507
Other Revenue
$9,166
All Other Contributions
$66,072
Change in Net Assets
$118,958
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$109,572
Other Expenses$69,945
Total Fundraising Expense$6,338
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$58,822$0$0$58,822
Current Officers, Directors, Trustees, and Key Employees$23,231$14,783$4,224$42,238
Occupancy$17,468$0$0$17,468
Depreciation Depletion$15,876$0$0$15,876
All Other Expenses$8,714$30$0$8,744
Payroll Taxes$6,466$1,131$323$7,920
Fees for Service Investment Mgmnt Fees$0$3,825$0$3,825
Office Expenses$3,737$0$0$3,737
Insurance$3,696$0$0$3,696
Information Technology$1,963$0$0$1,963
Fees for Services Accounting$0$600$0$600
Pension Plan Contributions$592$0$0$592
Other Expenses$0$306$0$306
Total Functional Expenses$152,504$20,675$6,338$179,517
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$7,966
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Waldoboro Public Library
EIN
01-0329748
Phone
2078324484
Address
PO BOX 768, WALDOBORO, ME 04572

Signing Officer

Name
Cathrina Skov
Title
Executive Director
Phone
2078324484
Signed
2024-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andy Lackoff
Formed
1916
Legal Domicile
Me
Voting Board Members
9
Independent Board Members
9
Employees
7
Volunteers
42

Preparer

Firm
Bruce A Bachelder CPA
Address
285 Biscay Road, Damariscotta, ME 04543
Preparer
Bruce A Bachelder CPA
Phone
2075637540
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The executive director and the treasurer review the 990 before filing.

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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/Form990PartVIISectionAGrp/TitleTxt3VICE PRESIDENT
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01131
IRS990/PayrollTaxesGrp/ProgramServicesAmt06466
IRS990/PayrollTaxesGrp/TotalAmt07920
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0592
IRS990/PensionPlanContributionsGrp/TotalAmt0592
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0ANDY LACKOFF
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICE REVENUE
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02730
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0134746
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0-131139
IRS990/PYOtherExpensesAmt070600
IRS990/PYOtherRevenueAmt07309
IRS990/PYProgramServiceRevenueAmt02492
IRS990/PYRevenuesLessExpensesAmt0-162460
IRS990/PYSalariesCompEmpBnftPaidAmt0105268
IRS990/PYTotalExpensesAmt0175868
IRS990/PYTotalRevenueAmt013408
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0118958
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt01200
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02730
IRS990/SavingsAndTempCashInvstGrp/BOYAmt054800
IRS990/SavingsAndTempCashInvstGrp/EOYAmt066720
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0145265
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0144259
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0151434
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0129544
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0145729
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0716231
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt032141
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt017850
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt078052
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt041623
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt013902
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0183568
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.79600
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00.81010
IRS990ScheduleA/PublicSupportTotal170Amt0716231
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0145265
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0144259
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0151434
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0129544
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0145729
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0716231
IRS990ScheduleA/TotalSupportAmt0899799
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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/BoardDesignatedBalanceEOYPct00.66000
IRS990ScheduleD/BuildingsGrp/BookValueAmt0322106
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0247045
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0569151
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt03826
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0925359
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01048001
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0145498
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt019030
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt03874
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01069450
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0925359
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-131148
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt09069
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt04221
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0915522
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01069450
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0164569
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt06420
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt03929
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0813108
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0915522
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0114189
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt07846
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt04020
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0678761
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0813108
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0144717
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt06350
IRS990ScheduleD/EquipmentGrp/BookValueAmt013997
IRS990ScheduleD/EquipmentGrp/DepreciationAmt045060
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt059057
IRS990ScheduleD/LandGrp/BookValueAmt051296
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt051296
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.34000
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0387399
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE EXECUTIVE DIRECTOR AND THE TREASURER REVIEW THE 990 BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01412793
IRS990/TotalAssetsEOYAmt01531555
IRS990/TotalAssetsGrp/BOYAmt01412793
IRS990/TotalAssetsGrp/EOYAmt01531555
IRS990/TotalCompGreaterThan150KInd0false

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.63$0.00$1.63$0.28$0.19$0.10
2023Detailed filing. Detailed filing data is available for this year.$1.53$0.00$1.53$0.30$0.18$0.12
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.41$0.00$1.41$0.01$0.18$0.16
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.58$0.00$1.57$0.32$0.16$0.16
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.42$0.00$1.42$0.26$0.16$0.10
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.32$0.00$1.31$0.29$0.17$0.13
2018Detailed filing. Detailed filing data is available for this year.$1.19$0.00$1.19$0.10$0.16$0.07
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.26$0.00$1.25$0.22$0.16$0.06
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.20$0.00$1.20$0.16$0.15$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.17$0.00$1.17$0.14$0.15$0.01
2014Summary only. Only limited summary data is available for this year.$1.20$0.00$1.20$0.14$0.16$0.01
2013Detailed filing. Detailed filing data is available for this year.$1.19$0.00$1.18$0.17$0.15$0.02
2012Summary only. Only limited summary data is available for this year.$1.14$0.00$1.14$0.18$0.15$0.03
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.08$0.00$1.08$0.16
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.08$0.00$1.08$0.14