Civic Intelligence

Vose Library

990 • Fiscal year 2023 • EIN 01-0364464

Jul 01, 2022 to Jun 30, 2023 • Filed on Feb 01, 2024

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

38th percentile

0.00x

Higher debt load relative to assets than 38% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

47th percentile

0.01x

Higher debt load relative to revenue than 47% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

84th percentile

34%

Higher net margin than 84% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

59th percentile

$22,613

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 16.8% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

57th percentile

7.0%

Faster asset growth than 57% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

77th percentile

40%

Faster revenue growth than 77% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Up

$776,877

Up $50,958 (+7.0%) from 2022

Net Assets

Up

$774,958

Up $51,347 (+7.1%) from 2022

Liabilities

Down

$1,919

Down $389 (-17%) from 2022

Revenue

Up

$134,339

Up $38,085 (+40%) from 2022

Expenses

Down

$89,111

Down $19,699 (-18%) from 2022

Net Income

Up

$45,228

Up $57,784 (+460%) from 2022

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

2023

Assets$776,877
Liabilities$1,919
Net Assets$774,958

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

2023

Revenue$134,339
Expenses$89,111
Net Income$45,228
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Feb 1, 2024
Return Version
2022v5.0
Gross Receipts
$134,648
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$723,611$774,958▲ $51,347
Land, Buildings, and Equipment, Net$572,317$557,238▼ $15,079
Investments in Publicly Traded Securities$115,097$125,638▲ $10,541
Savings and Temporary Cash Investments$35,734$89,819▲ $54,085
Cash and Non-Interest-Bearing Accounts$2,771$4,182▲ $1,411
Accounts Receivable-$0-
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$725,919$776,877▲ $50,958
Other Assets Total-$0-
Liabilities
Other Liabilities$2,308$1,919▼ $389
Total Liabilities$2,308$1,919▼ $389
Net Assets / Fund Balance
Total Net Assets Fund Balance$723,611$774,958▲ $51,347
Total Liabilities and Net Assets / Fund Balance$725,919$776,877▲ $50,958

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$429,416$200,914$630,330
Land$78,993-$78,993
Leasehold Improvements$45,776$22,893$68,669
Other Land Buildings$179$34,907$35,086
Equipment$2,874$9,111$11,985
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kristin GouldLibrary DirectorPT$22,613$22,613

Board Members and Trustees

NameTitle
David PoulinPresident
Amy CornellTrustee
Howard ButlerTrustee
Laurie WardenTrustee
Laura SchuhSecretary
Sharon CaronTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$117,475
Program Service Revenue
$2,275
Investment Income
$5,588
Other Revenue
$9,001
All Other Contributions
$92,475
Change in Net Assets
$45,228
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$56,091
Salaries, Compensation, and Employee Benefits$33,020
Total Fundraising Expense$1,050
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$16,960$5,653-$22,613
Depreciation Depletion$18,672--$18,672
Occupancy$15,939--$15,939
Other Salaries and Wages$6,001$2,001-$8,002
Fees for Services Accounting-$4,805-$4,805
Payroll Taxes$1,804$601-$2,405
Insurance$1,309$436-$1,745
All Other Expenses$270$563$354$1,187
Fees for Service Investment Mgmnt Fees-$1,149-$1,149
Other Expenses$660$1,352$696$660
Office Expenses$83--$83
Interest$40--$40
Total Functional Expenses$71,501$16,560$1,050$89,111
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$9,310
Fundraising Direct Expenses$309
Professional Fundraising Fees$0
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 Tax$1,919
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The Treasurer reviews the Form 990 prior to filing. The Board is given a copy at their next meeting.

Form 990, Part VI, Section B, Line 15A

The personnel committee reviews pay rates for all paid positions and then forwards to the budget committee. The recommended compensation is then forwarded to the Board for final approval.

Form 990, Part VI, Section C, Line 18

The Vose Library financial information is available to the public upon request to the Board.

Form 990, Part VI, Section C, Line 19

The Vose Library financial information is available to the public upon request to the Board.

Filing and Contact Details

Filer

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

Signing Officer

Name
Sharon Caron
Title
Treasurer
Signed
2024-02-01
Discuss with paid preparer
Yes

Organization Details

Formed
1932
Legal Domicile
Me
Voting Board Members
6
Independent Board Members
6
Employees
3
Volunteers
99

Preparer

Firm
Erica Harriman CPA LLC
Address
893 West St Ste 101, Rockport, ME 04856
Preparer
Erica J Harriman
Phone
2075938575
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2310
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3429
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0282
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11254
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2310
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3429
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt018538
IRS990/PYRevenuesLessExpensesAmt0-18538
IRS990/PYTotalExpensesAmt018538
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt045228
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0723611
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0774958
IRS990/SavingsAndTempCashInvstGrp/BOYAmt035734
IRS990/SavingsAndTempCashInvstGrp/EOYAmt089819
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0117475
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt076049
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt080161
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt047528
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt058307
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0379520
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt05588
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt08914
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt07182
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt04785
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt05807
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt032276
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt07358
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt09001
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt09771
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt08393
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt03810
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt013150
IRS990ScheduleA/OtherIncome170Grp/TotalAmt044125
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.53700
IRS990ScheduleA/PublicSupportPY170Pct00.57900
IRS990ScheduleA/PublicSupportTotal170Amt0244829
IRS990ScheduleA/SubstantialContributorsTotAmt0134691
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0117475
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt076049
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt080161
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt047528
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt058307
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0379520
IRS990ScheduleA/TotalSupportAmt0455921
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/BuildingsGrp/BookValueAmt0429416
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0200914
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0630330
IRS990ScheduleD/EquipmentGrp/BookValueAmt02874
IRS990ScheduleD/EquipmentGrp/DepreciationAmt09111
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt011985
IRS990ScheduleD/LandGrp/BookValueAmt078993
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt078993
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt045776
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt022893
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt068669
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0179
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt034907
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt035086
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01919
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Payroll Tax
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0557238
IRS990ScheduleD/TotalLiabilityAmt01919
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Treasurer reviews the Form 990 prior to filing. The Board is given a copy at their next meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The personnel committee reviews pay rates for all paid positions and then forwards to the budget committee. The recommended compensation is then forwarded to the Board for final approval.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Vose Library financial information is available to the public upon request to the Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Vose Library financial information is available to the public upon request to the Board.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0725919
IRS990/TotalAssetsEOYAmt0776877
IRS990/TotalAssetsGrp/BOYAmt0725919
IRS990/TotalAssetsGrp/EOYAmt0776877
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0117475
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt01050
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt016560
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt071501
IRS990/TotalFunctionalExpensesGrp/TotalAmt089111
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02308
IRS990/TotalLiabilitiesEOYAmt01919
IRS990/TotalLiabilitiesGrp/BOYAmt02308
IRS990/TotalLiabilitiesGrp/EOYAmt01919
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0723611
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0774958
IRS990/TotalProgramServiceExpensesAmt071501
IRS990/TotalProgramServiceRevenueAmt02275
IRS990/TotalReportableCompFromOrgAmt022613
IRS990/TotalRevenueGrp/ExclusionAmt014589
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02275
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0134339
IRS990/TotalVolunteersCnt099
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0725919
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0776877
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$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
2022Detailed filing. Detailed filing data is available for this year.$7.26$0.02$7.24$0.96$1.09$0.13
2021Detailed filing. Detailed filing data is available for this year.$7.66$0.01$7.65$0.96$0.89$0.08
2020Detailed filing. Detailed filing data is available for this year.$7.39$0.04$7.34$0.57$0.81$0.24
2019Detailed filing. Detailed filing data is available for this year.$7.60$0.02$7.58$0.79$0.93$0.14
2018Detailed filing. Detailed filing data is available for this year.$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