Civic Intelligence

Vose Library

990 • Fiscal year 2015 • EIN 01-0364464

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 12, 2015

PO Box 550Union, ME 04862

(207) 785-4733

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.06x

Higher debt load relative to assets than 53% of similar nonprofits.

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

Liabilities / Revenue

85th percentile

0.59x

Higher debt load relative to revenue than 85% of similar nonprofits.

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

Net Margin

33rd percentile

-2.2%

Higher net margin than 33% of similar nonprofits.

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

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2015

Asset Growth

36th percentile

-2.3%

Faster asset growth than 36% of similar nonprofits.

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

Revenue Growth

71st percentile

16%

Faster revenue growth than 71% of similar nonprofits.

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

Assets

Down

$838,121

Down $19,678 (-2.3%) from 2014

Net Assets

Down

$791,596

Down $5,853 (-0.7%) from 2014

Liabilities

Down

$46,525

Down $13,825 (-23%) from 2014

Revenue

Up

$78,630

Up $11,103 (+16%) from 2014

Expenses

Up

$80,340

Up $8,465 (+12%) from 2014

Net Income

Up

-$1,710

Up $2,638 (+61%) from 2014

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2010: $640,974Liabilities 2010: $0Net Assets 2010: $640,9742010Assets 2011: $878,395Liabilities 2011: $78,010Net Assets 2011: $800,3852011Assets 2012: $876,068Liabilities 2012: $74,909Net Assets 2012: $801,1592012Assets 2013: $857,528Liabilities 2013: $65,117Net Assets 2013: $792,4112013Assets 2014: $857,799Liabilities 2014: $60,350Net Assets 2014: $797,4492014Assets 2015: $838,121Liabilities 2015: $46,525Net Assets 2015: $791,5962015Assets 2016: $774,509Liabilities 2016: $0Net Assets 2016: $774,5092016Assets 2017: $769,500Liabilities 2017: $1,311Net Assets 2017: $768,1892017Assets 2018: $771,060Liabilities 2018: $791Net Assets 2018: $770,2692018Assets 2019: $760,245Liabilities 2019: $2,454Net Assets 2019: $757,7912019Assets 2020: $738,517Liabilities 2020: $4,313Net Assets 2020: $734,2042020Assets 2021: $766,219Liabilities 2021: $1,450Net Assets 2021: $764,7692021Assets 2022: $725,919Liabilities 2022: $2,308Net Assets 2022: $723,6112022Assets 2023: $776,877Liabilities 2023: $1,919Net Assets 2023: $774,9582023Assets 2024: $784,952Liabilities 2024: $2,386Net Assets 2024: $782,5662024Assets 2025: $809,414Liabilities 2025: $1,970Net Assets 2025: $807,4442025

Highlighted filing

2015

Assets$838,121
Liabilities$46,525
Net Assets$791,596

Operations Trend

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

$150K$100K$50K$0-$50KExpenses 2010: $41,5142010Expenses 2011: $55,4212011Expenses 2012: $72,2322012Revenue 2013: $82,586Expenses 2013: $91,334Net Income 2013: -$8,7482013Revenue 2014: $67,527Expenses 2014: $71,875Net Income 2014: -$4,3482014Revenue 2015: $78,630Expenses 2015: $80,340Net Income 2015: -$1,7102015Revenue 2016: $71,902Expenses 2016: $86,805Net Income 2016: -$14,9032016Revenue 2017: $69,745Expenses 2017: $81,411Net Income 2017: -$11,6662017Revenue 2018: $82,161Expenses 2018: $79,489Net Income 2018: $2,6722018Revenue 2019: $79,181Expenses 2019: $93,141Net Income 2019: -$13,9602019Revenue 2020: $57,446Expenses 2020: $81,139Net Income 2020: -$23,6932020Revenue 2021: $96,060Expenses 2021: $88,543Net Income 2021: $7,5172021Revenue 2022: $96,254Expenses 2022: $108,810Net Income 2022: -$12,5562022Revenue 2023: $134,339Expenses 2023: $89,111Net Income 2023: $45,2282023Revenue 2024: $82,748Expenses 2024: $94,797Net Income 2024: -$12,0492024Revenue 2025: $132,811Expenses 2025: $120,862Net Income 2025: $11,9492025

Highlighted filing

2015

Revenue$78,630
Expenses$80,340
Net Income-$1,710
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 12, 2015
Return Version
2014v5.0
Gross Receipts
$92,343
Mission and Program Overview

Mission

The mission of the Vose Library is to provide print and non-print material to the people of the Union area to meet their literary, cultural, informational, educational, and recreational needs and to do so in a spirit of service to the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$797,449$791,596▼ $5,853
Land, Buildings, and Equipment, Net$728,434$715,466▼ $12,968
Investments in Publicly Traded Securities$95,419$96,571▲ $1,152
Savings and Temporary Cash Investments$33,857$25,975▼ $7,882
Accounts Receivable$82$99▲ $17
Cash and Non-Interest-Bearing Accounts$7$10▲ $3
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$857,799$838,121▼ $19,678
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$54,299$44,999▼ $9,300
Other Liabilities$6,051$1,526▼ $4,525
Total Liabilities$60,350$46,525▼ $13,825
Net Assets / Fund Balance
Total Net Assets Fund Balance$797,449$791,596▼ $5,853
Total Liabilities and Net Assets / Fund Balance$857,799$838,121▼ $19,678

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$558,712$71,618$630,330
Land$78,993-$78,993
Leasehold Improvements$59,864$8,805$68,669
Other Land Buildings$17,078$18,008$35,086
Equipment$819$7,573$8,392
Compensation and Service Providers

Board Members and Trustees

NameTitle
Paul GaudreauPresident
Howard ButlerVice President
Barbara FangTrustee
David PoulinTrustee
Joyce GrottonTrustee
Lynda CassidyTrustee
Sarah DrickeyTrustee
Vicki HarrimanTrustee
Virginia NobleTrustee
Alison MetcalfeSecretary
Bruce W CobbTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$48,466
Program Service Revenue
$1,993
Investment Income
$6,789
Other Revenue
$21,382
All Other Contributions
$26,766
Change in Net Assets
$-1,710
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$52,711
Salaries, Compensation, and Employee Benefits$27,629
Total Fundraising Expense$306
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$18,512$6,171-$24,683
Depreciation Depletion$22,494--$22,494
Occupancy$10,133--$10,133
Interest$2,890--$2,890
Payroll Taxes$1,399$466-$1,865
Insurance$188$924-$1,112
Other Employee Benefits$811$270-$1,081
Fees for Service Investment Mgmnt Fees-$998-$998
All Other Expenses$567$91$306$964
Fees for Services Accounting-$625-$625
Other Expenses$1,594$302-$302
Advertising$289--$289
Office Expenses-$99-$99
Total Functional Expenses$69,768$10,266$306$80,340
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$23,424
Fundraising Direct Expenses$2,042
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Appeal$7,996$7,996$1,060$6,936
Plant & Bake Sale$6,926$6,926$75$6,851
Total Events$14,922$14,922$1,135$13,787
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll taxes payable$1,068
Credit Card$458
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 4: Description of Significant Changes to Organizational Documents

Term limits and the number of terms were changed so that an officer or trustee may only serve two conscecutive terms with the exception of the Secretary and Treasurer who may serve three consecutive terms.

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

Members ratify the slate of officers and budget at the annual meeting.

Form 990, Part VI, Line 11B: Form 990 Review Process

No review was or will be conducted.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Vose Library
EIN
01-0364464
Phone
2077854733
Address
PO Box 550, Union, ME 04862

Signing Officer

Name
Bruce W Cobb
Title
Treasurer
Signed
2015-11-12
Discuss with paid preparer
Yes

Organization Details

Formed
1932
Legal Domicile
Me
Voting Board Members
11
Independent Board Members
11
Employees
1
Volunteers
99

Preparer

Firm
James S Bowers CPA
Address
369 Old Union Road, Washington, ME 04574
Preparer
James S Bowers
Phone
2078452815
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IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt021382
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt021382
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
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IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-4630
IRS990/NoListedPersonsCompensatedInd0X
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IRS990/OccupancyGrp/ProgramServicesAmt010133
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IRS990/OtherExpensesGrp/Desc0Library Operations
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IRS990/OtherExpensesGrp/Desc2Organizational expense
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IRS990/OtherExpensesGrp/ProgramServicesAmt11594
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IRS990/OtherExpensesGrp/TotalAmt2320
IRS990/OtherExpensesGrp/TotalAmt3302
IRS990/OtherLiabilitiesGrp/BOYAmt06051
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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt06171
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IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990/ScheduleBRequiredInd0true
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IRS990ScheduleD/EquipmentGrp/BookValueAmt0819
IRS990ScheduleD/EquipmentGrp/DepreciationAmt07573
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt08392
IRS990ScheduleD/LandGrp/BookValueAmt078993
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt078993
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt059864
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt08805
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt068669
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt017078
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt018008
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt035086
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0458
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11068
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Credit Card
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Payroll taxes payable
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IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Annual Appeal
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0Plant & Bake Sale
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.09$0.02$8.07$1.33$1.21$0.12
2024Detailed filing. Detailed filing data is available for this year.$7.85$0.02$7.83$0.83$0.95$0.12
2023Detailed filing. Detailed filing data is available for this year.$7.77$0.02$7.75$1.34$0.89$0.45
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.26$0.02$7.24$0.96$1.09$0.13
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.66$0.01$7.65$0.96$0.89$0.08
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.39$0.04$7.34$0.57$0.81$0.24
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.60$0.02$7.58$0.79$0.93$0.14
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.71$0.01$7.70$0.82$0.79$0.03
2017Summary only. Only limited summary data is available for this year.$7.70$0.01$7.68$0.70$0.81$0.12
2016Summary only. Only limited summary data is available for this year.$7.75$0.00$7.75$0.72$0.87$0.15
2015Detailed filing. Detailed filing data is available for this year.$8.38$0.47$7.92$0.79$0.80$0.02
2014Detailed filing. Detailed filing data is available for this year.$8.58$0.60$7.97$0.68$0.72$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.58$0.65$7.92$0.83$0.91$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.76$0.75$8.01$0.72
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.78$0.78$8.00$0.55
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.41$0.00$6.41$0.42
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)3 • $500k-$1M nonprofits