Civic Intelligence

Bangor Public Library

EIN 01-6000785 • 501(c)3 • Bangor, ME

Profile

The bangor public library strives to inspire, enlighten and enrich its members by connecting them to books, information and ideas needed for work, recreation, education and inspiration by providing excellent library service to its members and community.

Refreshing map…

145 Harlow StreetBangor, ME 04401

www.bpl.lib.me.us

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

18th percentile

0.01x

Higher debt load relative to assets than 18% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

36th percentile

0.13x

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

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

9th percentile

-29%

Higher net margin than 9% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

23rd percentile

$104,893

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 3.7% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

40th percentile

1.5%

Faster asset growth than 40% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

18th percentile

-12%

Faster revenue growth than 18% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$24,443,373

Up $370,476 (+1.5%) from 2023

Liabilities

Up

$352,459

Up $50,874 (+17%) from 2023

Net Assets

Up

$24,090,914

Up $319,602 (+1.3%) from 2023

Revenue

Down

$2,809,449

Down $366,090 (-12%) from 2023

Expenses

Up

$3,623,563

Up $195,385 (+5.7%) from 2023

Net Income

Down

-$814,114

Down $561,475 (-222%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2011: $19,457,449Liabilities 2011: $887,522Net Assets 2011: $18,569,9272011Assets 2012: $18,071,574Liabilities 2012: $836,820Net Assets 2012: $17,234,7542012Assets 2013: $22,079,555Liabilities 2013: $768,582Net Assets 2013: $21,310,9732013Assets 2014: $27,049,355Liabilities 2014: $758,797Net Assets 2014: $26,290,5582014Assets 2015: $27,156,059Liabilities 2015: $988,201Net Assets 2015: $26,167,8582015Assets 2016: $25,728,195Liabilities 2016: $852,183Net Assets 2016: $24,876,0122016Assets 2017: $25,730,670Liabilities 2017: $310,715Net Assets 2017: $25,419,9552017Assets 2018: $25,379,668Liabilities 2018: $164,865Net Assets 2018: $25,214,8032018Assets 2019: $24,768,517Liabilities 2019: $218,986Net Assets 2019: $24,549,5312019Assets 2020: $24,267,120Liabilities 2020: $535,086Net Assets 2020: $23,732,0342020Assets 2021: $25,795,919Liabilities 2021: $199,644Net Assets 2021: $25,596,2752021Assets 2022: $23,558,664Liabilities 2022: $215,266Net Assets 2022: $23,343,3982022Assets 2023: $24,072,897Liabilities 2023: $301,585Net Assets 2023: $23,771,3122023Assets 2024: $24,443,373Liabilities 2024: $352,459Net Assets 2024: $24,090,9142024

Highlighted filing

2024

Assets$24,443,373
Liabilities$352,459
Net Assets$24,090,914

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $3,727,241Expenses 2011: $2,827,836Net Income 2011: $899,4052011Expenses 2012: $2,558,4812012Revenue 2013: $6,589,690Expenses 2013: $2,962,304Net Income 2013: $3,627,3862013Revenue 2014: $6,082,633Expenses 2014: $2,741,121Net Income 2014: $3,341,5122014Revenue 2015: $3,305,437Expenses 2015: $2,816,677Net Income 2015: $488,7602015Revenue 2016: $2,675,803Expenses 2016: $2,878,584Net Income 2016: -$202,7812016Revenue 2017: $2,552,274Expenses 2017: $2,840,457Net Income 2017: -$288,1832017Revenue 2018: $2,408,644Expenses 2018: $2,935,685Net Income 2018: -$527,0412018Revenue 2019: $1,914,722Expenses 2019: $2,996,243Net Income 2019: -$1,081,5212019Revenue 2020: $2,122,545Expenses 2020: $2,979,297Net Income 2020: -$856,7522020Revenue 2021: $2,775,295Expenses 2021: $2,986,362Net Income 2021: -$211,0672021Revenue 2022: $3,718,608Expenses 2022: $3,200,340Net Income 2022: $518,2682022Revenue 2023: $3,175,539Expenses 2023: $3,428,178Net Income 2023: -$252,6392023Revenue 2024: $2,809,449Expenses 2024: $3,623,563Net Income 2024: -$814,1142024

Highlighted filing

2024

Revenue$2,809,449
Expenses$3,623,563
Net Income-$814,114

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$24.4$0.35$24.1$2.81$3.62$0.81
2023Detailed filing. Detailed filing data is available for this year.$24.1$0.30$23.8$3.18$3.43$0.25
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.6$0.22$23.3$3.72$3.20$0.52
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.8$0.20$25.6$2.78$2.99$0.21
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.3$0.54$23.7$2.12$2.98$0.86
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.8$0.22$24.5$1.91$3.00$1.08
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.4$0.16$25.2$2.41$2.94$0.53
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.7$0.31$25.4$2.55$2.84$0.29
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.7$0.85$24.9$2.68$2.88$0.20
2015Detailed filing. Detailed filing data is available for this year.$27.2$0.99$26.2$3.31$2.82$0.49
2014Detailed filing. Detailed filing data is available for this year.$27.0$0.76$26.3$6.08$2.74$3.34
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.1$0.77$21.3$6.59$2.96$3.63
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.1$0.84$17.2$2.56
2011Summary only. Only limited summary data is available for this year.$19.5$0.89$18.6$3.73$2.83$0.90
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Jan 15, 2025
Return Version
2023v6.0
Gross Receipts
$3,115,146
Mission and Program Overview

Mission

The bangor public library strives to inspire, enlighten and enrich its members by connecting them to books, information and ideas needed for work, recreation, education and inspiration by providing excellent library service to its members and community. See schedule o for additional vision statement.

The bangor public library strives to inspire, enlighten, and enrich its members by connecting them to books, information, and ideas needed for work, recreation, education, and inspiration by providing excellent library service to its members and community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$12,257,173$13,878,310▲ $1,621,137
Land, Buildings, and Equipment, Net$10,063,607$9,609,651▼ $453,956
Savings and Temporary Cash Investments$1,673,730$873,797▼ $799,933
Accounts Receivable-$1,037-
Cash and Non-Interest-Bearing Accounts$521$521→ $0
Pledges and Grants Receivable$490--
Total Assets$24,072,897$24,443,373▲ $370,476
Other Assets Total$77,376$80,057▲ $2,681
Liabilities
Accounts Payable and Accrued Expenses$238,377$287,768▲ $49,391
Other Liabilities$63,208$64,691▲ $1,483
Total Liabilities$301,585$352,459▲ $50,874
Net Assets / Fund Balance
Net Assets With Donor Restrictions$12,894,704$13,480,980▲ $586,276
Net Assets Without Donor Restrictions$10,876,608$10,609,934▼ $266,674
Total Net Assets Fund Balance$23,771,312$24,090,914▲ $319,602
Total Liabilities and Net Assets / Fund Balance$24,072,897$24,443,373▲ $370,476

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,327,691$8,347,921$17,675,612
Other Land Buildings$237,223$538,891$776,114
Equipment$44,735$355,528$400,263
Land$2-$2

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$13,006,497$27,640▲ $1,451,009$684,782$13,800,364
2022$12,653,252-▲ $1,095,073$741,827$13,006,498
2021$14,148,433$1,117,538▼ $1,970,359$642,360$12,653,252
2020$11,969,844$37,958▲ $2,774,088$633,457$14,148,433
2019$12,334,763$2,000▲ $267,183$634,102$11,969,844
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ben TreatSecretary &FT$98,956$5,937$104,893

Board Members and Trustees

NameTitle
Mark WoodwardPresident
Anne-marie Vickers QuinTrustee
Edward W GouldTrustee
Joseph M PrattTrustee
Nichi FarnhamTrustee
Robert KellyTrustee
David LittleCity Represe
Lee ChickTreasurer
Franklin E Bragg MdVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$2,340,966
Program Service Revenue
$18,351
Investment Income
$448,452
Other Revenue
$1,680
All Other Contributions
$200,794
Change in Net Assets
$-814,114

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,755,910
Revenue Not Reported on Financial Statements
$53,539
Revenue Not Reported on Form 990
$1,133,716
Total Revenue per Audited Statements
$3,889,626
Total Revenue per Form 990
$2,809,449
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,198,942
Other Expenses$1,424,621
Total Fundraising Expense$89,635
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,539,999$46,271$49,740$1,636,010
Depreciation Depletion$491,008$2,467-$493,475
Other Employee Benefits$227,616$16,354$9,473$253,443
Occupancy$141,638$712-$142,350
Payroll Taxes$108,147$7,770$4,501$120,418
Current Officers, Directors, Trustees, and Key Employees$21,470$69,778$16,103$107,351
Information Technology$93,938--$93,938
Pension Plan Contributions$77,634$1,716$2,370$81,720
Office Expenses$54,134$6,302-$60,436
Insurance$58,059--$58,059
Fees for Service Investment Mgmnt Fees-$53,539-$53,539
Fees for Services Accounting-$18,250-$18,250
All Other Expenses$3,979$150$7,448$11,577
Advertising$9,352--$9,352
Other Expenses$7,384$613-$7,384
Travel$7,156--$7,156
Fees for Services Legal-$5,000-$5,000
Interest$352$31-$383
Total Functional Expenses$3,304,975$228,953$89,635$3,623,563

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,623,563
Expenses per Audited Statements$3,570,024
Total Expenses per Audited Statements$3,570,024
Expenses Not Reported on Financial Statements$53,539
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Joseph PrattTrusteeInvestment FeesNo$53,539
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Bangor Mechanic Association$61,090
Right of Use Liability$3,401
Agency Funds$200
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
Yes
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 7A

The bangor mechanic association has the right to appoint four members of the board of directors.

Form 990, Page 6, Part VI, Line 11B

A draft copy of the federal form 990 was reviewed by the finance committee and provided to the board prior to submission.

Form 990, Page 6, Part VI, Line 12C

Conflict of interest questionnaires are periodically circulated to the officers and trustees to complete and are reviewed by the board of trustees to ensure compliance with the conflict of interest policy.

Form 990, Page 6, Part VI, Line 15A

The board reviews the performance of the library director annually and adjusts the director's compensation as it deems appropriate based on benchmarking.

Form 990, Page 6, Part VI, Line 19

Documents are available in the business office. Any person may request to see financial statements, form 990, board minutes, or other documents open to the public. Documents are available when business office staff are working, if requested at times when the library is open, but business office staff are not available, the documents will be provided on the next business day.

Filing and Contact Details

Filer

Filer Name
Bangor Public Library
EIN
01-6000785
Phone
2079478336
Address
145 HARLOW STREET, BANGOR, ME 04401

Signing Officer

Name
Ben Treat
Title
Secretary & Exec Director
Phone
2079478336
Signed
2025-01-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ben Treat
Formed
1953
Legal Domicile
Me
Voting Board Members
9
Independent Board Members
9
Employees
38
Volunteers
9

Preparer

Firm
Runyon Kersteen Ouellette
Address
20 LONG CREEK DR, SOUTH PORTLAND, ME 04106
Preparer
Amy Chasse
Phone
2077732986
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The bangor public library strives to inspire, enlighten, and enrich its members by connecting them to books, information, and ideas needed for work, recreation, education, and inspiration by providing excellent library service to its members and community.

Form 990, Page 2, Part III, Line 4A

Adult services: the bangor public library contributes to the prosperity and growth of the bangor region by providing library services to bangor residents and non-residents. We are one of the busiest libraries in the state: we have more than 23,000 adult cardholders, we have around 180,000 check-outs per year in our adult print & digital collections, and we answer more than 12,000 reference questions per year. An average of 640 people enter the library each day. Our adult programming includes traditional book groups and author talks, but we also teach computer classes and host community gatherings. We also exhibit art from local and regional artists in our four art galleries. From our specialized on-site collections in local history and special collections to our specialized online collections of digitized library holdings and purchased research databases, we also exhibit unique holdings that make our facility and our website destinations for researchers. As an area reference and resource center, the bangor public library serves library users throughout the entire state, providing library cards to any maine resident. We maintain a collection of more than 350,000 printed adult items and an ever-changing collection of more than 22,000 ebooks and 10,000 audiobooks.

Financial Statement Notes

Schedule D, Page 1, Part III, Line 1A

The library periodically receives works of art as gifts from donors, and has elected, as permitted under sfas 116 (asc 958360-25), not to report the value of these works of art in its revenue statement and balance sheet.

Schedule D, Page 2, Part V, Line 4

The purpose of the endowment fund is to generate income to be used to help meet the operating and non-operating costs of the bangor public library.

Schedule D, Page 3, Part X

Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the library and recognize a liability if the library has taken an uncertain position that more likely than not would not be sustained upon examination by the internal revenue service and state taxing authorities. The library is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

Raw XML AppendixShowing 400 of 515 raw XML fields

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/Desc0ADULT SERVICES: THE BANGOR PUBLIC LIBRARY CONTRIBUTES TO THE PROSPERITY AND GROWTH OF THE BANGOR REGION BY PROVIDING LIBRARY SERVICES TO BANGOR RESIDENTS AND NON-RESIDENTS. WE ARE ONE OF THE BUSIEST LIBRARIES IN THE STATE: WE HAVE MORE THAN 23,000 ADULT CARDHOLDERS, WE HAVE AROUND 180,000 CHECK-OUTS PER YEAR IN OUR ADULT PRINT & DIGITAL COLLECTIONS, AND WE ANSWER MORE THAN 12,000 REFERENCE QUESTIONS PER YEAR. AN AVERAGE OF 640 PEOPLE ENTER THE LIBRARY EACH DAY. OUR ADULT PROGRAMMING INCLUDES TRADITIONAL BOOK GROUPS AND AUTHOR TALKS, BUT WE ALSO TEACH COMPUTER CLASSES AND HOST COMMUNITY GATHERINGS. WE ALSO EXHIBIT ART FROM LOCAL AND REGIONAL ARTISTS IN OUR FOUR ART GALLERIES. FROM OUR SPECIALIZED ON-SITE COLLECTIONS IN LOCAL HISTORY AND SPECIAL COLLECTIONS TO OUR SPECIALIZED ONLINE COLLECTIONS OF DIGITIZED LIBRARY HOLDINGS AND PURCHASED RESEARCH DATABASES, WE ALSO EXHIBIT UNIQUE HOLDINGS THAT MAKE OUR FACILITY AND OUR WEBSITE DESTINATIONS FOR RESEARCHERS. AS AN AREA REFERENCE AND RESOURCE CENTER, THE BANGOR PUBLIC LIBRARY SERVES LIBRARY USERS THROUGHOUT THE ENTIRE STATE, PROVIDING LIBRARY CARDS TO ANY MAINE RESIDENT. WE MAINTAIN A COLLECTION OF MORE THAN 350,000 PRINTED ADULT ITEMS AND AN EVER-CHANGING COLLECTION OF MORE THAN 22,000 EBOOKS AND 10,000 AUDIOBOOKS.
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IRS990/MissionDesc0THE BANGOR PUBLIC LIBRARY STRIVES TO INSPIRE, ENLIGHTEN, AND ENRICH ITS MEMBERS BY CONNECTING THEM TO BOOKS, INFORMATION, AND IDEAS NEEDED FOR WORK, RECREATION, EDUCATION, AND INSPIRATION BY PROVIDING EXCELLENT LIBRARY SERVICE TO ITS MEMBERS AND COMMUNITY.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE LIBRARY PERIODICALLY RECEIVES WORKS OF ART AS GIFTS FROM DONORS, AND HAS ELECTED, AS PERMITTED UNDER SFAS 116 (ASC 958360-25), NOT TO REPORT THE VALUE OF THESE WORKS OF ART IN ITS REVENUE STATEMENT AND BALANCE SHEET.

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