Civic Intelligence

Bangor Public Library Trustees

990 • Fiscal year 2020 • EIN 01-6000785

Jul 01, 2019 to Jun 30, 2020 • Filed on May 06, 2021

Refreshing map…

145 Harlow StreetBangor, ME 04401

(207) 947-8336

Siviq Scores

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

Liabilities / Assets

19th percentile

0.02x

Higher debt load relative to assets than 19% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

46th percentile

0.25x

Higher debt load relative to revenue than 46% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

8th percentile

-40%

Higher net margin than 8% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

21st percentile

$93,254

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 4.4% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

20th percentile

-2.0%

Faster asset growth than 20% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

67th percentile

11%

Faster revenue growth than 67% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Assets

Down

$24,267,120

Down $501,397 (-2.0%) from 2019

Net Assets

Down

$23,732,034

Down $817,497 (-3.3%) from 2019

Liabilities

Up

$535,086

Up $316,100 (+144%) from 2019

Revenue

Up

$2,122,545

Up $207,823 (+11%) from 2019

Expenses

Down

$2,979,297

Down $16,946 (-0.6%) from 2019

Net Income

Up

-$856,752

Up $224,769 (+21%) from 2019

Historical Trend

Balance Sheet Trend

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

$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

2020

Assets$24,267,120
Liabilities$535,086
Net Assets$23,732,034

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2020

Revenue$2,122,545
Expenses$2,979,297
Net Income-$856,752
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 6, 2021
Return Version
2019v5.0
Gross Receipts
$2,780,993
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
Land, Buildings, and Equipment, Net$12,006,579$11,493,785▼ $512,794
Investments in Publicly Traded Securities$11,859,687$10,826,626▼ $1,033,061
Savings and Temporary Cash Investments$821,181$1,874,283▲ $1,053,102
Cash and Non-Interest-Bearing Accounts$541$541→ $0
Pledges and Grants Receivable$8,239$353▼ $7,886
Total Assets$24,768,517$24,267,120▼ $501,397
Other Assets Total$72,290$71,532▼ $758
Liabilities
Unsecured Notes Loans Payable-$281,840-
Accounts Payable and Accrued Expenses$159,751$195,846▲ $36,095
Other Liabilities$59,235$57,400▼ $1,835
Total Liabilities$218,986$535,086▲ $316,100
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$12,577,768$12,064,092▼ $513,676
Net Assets With Donor Restrictions$11,971,763$11,667,942▼ $303,821
Total Net Assets Fund Balance$24,549,531$23,732,034▼ $817,497
Total Liabilities and Net Assets / Fund Balance$24,768,517$24,267,120▼ $501,397

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$11,012,876$6,606,274$17,619,150
Other Land Buildings$358,377$417,736$776,113
Equipment$122,530$284,871$407,401
Land$2-$2

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$12,334,763$2,000▲ $267,183$634,102$11,969,844
2018$12,336,924$141,954▲ $502,350$646,465$12,334,763
2017$12,153,283$162,410▲ $654,167$632,936$12,336,924
2016$11,562,671$27,995▲ $1,027,539$464,922$12,153,283
2015$12,771,151$19,843▼ $457,861$770,462$11,562,671
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ben TreatExecutive DiFT$88,004$5,250$93,254

Board Members and Trustees

NameTitle
Mark WoodwardPresident
Edward W GouldTrustee
Joseph M PrattTrustee
Nichi FarnhamTrustee
Robert KellyTrustee
Wendy EricksonTrustee
Deborah LaurieCity Represe
Lee ChickTreasurer
Franklin E Bragg MdVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,809,221
Program Service Revenue
$26,959
Investment Income
$286,365
Other Revenue
$0
All Other Contributions
$191,379
Change in Net Assets
$-856,752

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,073,406
Revenue Not Reported on Financial Statements
$49,139
Revenue Not Reported on Form 990
$39,255
Total Revenue per Audited Statements
$2,112,661
Total Revenue per Form 990
$2,122,545
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,813,663
Other Expenses$1,165,634
Total Fundraising Expense$40,990
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,287,600$43,244$1,684$1,332,528
Depreciation Depletion$521,582$2,621-$524,203
Other Employee Benefits$217,523$16,740$2,481$236,744
Occupancy$120,614$606-$121,220
Payroll Taxes$85,983$6,617$981$93,581
Current Officers, Directors, Trustees, and Key Employees$18,651$60,615$13,988$93,254
Pension Plan Contributions$56,657$899-$57,556
Fees for Service Investment Mgmnt Fees-$49,139-$49,139
Office Expenses$44,502$3,501-$48,003
Insurance$45,082--$45,082
Information Technology$36,617--$36,617
All Other Expenses$11,236$2,430$10,717$24,383
Fees for Services Accounting-$14,690-$14,690
Other Expenses$8,858$7,095$11,139$11,139
Travel$4,895--$4,895
Advertising$2,756--$2,756
Total Functional Expenses$2,730,110$208,197$40,990$2,979,297

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,979,297
Expenses per Audited Statements$2,930,158
Total Expenses per Audited Statements$2,930,158
Expenses Not Reported on Financial Statements$49,139
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$49,139
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Bangor Mechanic Association$57,400
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 approved 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 directors to ensure compliance with the conflict of interest policy.

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

The executive director's salary is based on the city of bangor's pay scale for city department heads. The library board does perform an annual evaluation and then recommends pay scale based upon the same.

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
Executive Director
Phone
2079478336
Signed
2021-05-06
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
37
Volunteers
20

Preparer

Firm
Runyon Kersteen Ouellette
Address
20 LONG CREEK DR, SOUTH PORTLAND, ME 04106
Preparer
RORY O'BRION
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. Last year the library's adult department circulated 175,128 volumes to 25,599 registered adult borrowers. Nearly 236,500 people, or an average of 812 people a day, visited the library to check out books, magazines, dvd's, and audio books or to use public access computers or the high speed wifi, or to read in its reading rooms and study spaces. The reference department answered 18,810 questions from the public. The local history and special collections area offered local archives, books, maps, and microforms to aid those looking for the history of our region and to help those doing genealogical research. The library provides regularly scheduled book delivery to retirement communities and nursing homes and home delivery to homebound elders.

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

Virtual and special services: the library's website was viewed 237,417 times. As well as 64 public access computers used by 24,231 people (an average of 83 people a day), and the high speed wifi used on the top five routers by 54,546 users an average of 173 people a day, the library has a computer lab to provide both computer classes and one-on-one tutoring. The library provides access to e-books, e-audio books, e-magazines, and 13 paid on-line databases over and above those offered through the state library. These databases include transparent language offering instruction in 80 different languages, universal class offering 500 courses for lifelong learning, and on-line sources to help local businesses including referenceusa, gale business forms, and demographics now. Views and usage of digital services were 78,873. The library offers a digital commons to provide access to collections of rare and fragile materials including the library's wwii posters and regimental histories as well as maps, photographs, and yearbooks. The library works with high school and middle school students to make digital exhibits for the maine memory network. The library provides meeting rooms for outside organizations to use. Last year 1,276 meetings were held in library's space. It also hosts exhibits, programs, and special events. It has monthly art exhibits by local artists in its 4 galleries. It is the music library for the bangor symphony, is part of the downtown arts collaborative and serves as the major sponsor of the bangor book festival. Program last year ranged from jazz to poetry, astronomy to history and economics to politics. The library creates original online programming that mirrors some of its traditional in-person programs.

Form 990, Part XI, Line 9

Change in value of the crt 1,078

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 958-360-25), not to report the value of these works of art in its revenue statement and balance sheet. The following is the footnote from the library's audited financial statements: collections - the library elects to follow the recommendations of the fasc 958-360-25 (not-for-profit entities: property, plant, and equipment, recognition topic) in which collection items acquired through donation are not capitalized. Contributions of collection items are not recorded in the statements of activities. Proceeds from deaccessions or insurance recoveries are reflected in the statements of activities based on the absence or existence and nature of donor-imposed restrictions. Collection items are protected, kept unencumbered, and cared for.

Schedule D, Page 2, Part III, Line 4

The library periodically receives works of art from donors. The art work is generally displayed in the library for the public viewing.

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.

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

Change in value of crt 1,078

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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. LAST YEAR THE LIBRARY'S ADULT DEPARTMENT CIRCULATED 175,128 VOLUMES TO 25,599 REGISTERED ADULT BORROWERS. NEARLY 236,500 PEOPLE, OR AN AVERAGE OF 812 PEOPLE A DAY, VISITED THE LIBRARY TO CHECK OUT BOOKS, MAGAZINES, DVD'S, AND AUDIO BOOKS OR TO USE PUBLIC ACCESS COMPUTERS OR THE HIGH SPEED WIFI, OR TO READ IN ITS READING ROOMS AND STUDY SPACES. THE REFERENCE DEPARTMENT ANSWERED 18,810 QUESTIONS FROM THE PUBLIC. THE LOCAL HISTORY AND SPECIAL COLLECTIONS AREA OFFERED LOCAL ARCHIVES, BOOKS, MAPS, AND MICROFORMS TO AID THOSE LOOKING FOR THE HISTORY OF OUR REGION AND TO HELP THOSE DOING GENEALOGICAL RESEARCH. THE LIBRARY PROVIDES REGULARLY SCHEDULED BOOK DELIVERY TO RETIREMENT COMMUNITIES AND NURSING HOMES AND HOME DELIVERY TO HOMEBOUND ELDERS.
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IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt9EXECUTIVE DI
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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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IRS990/OtherExpensesGrp/Desc0BOOKS & PERIODICALS
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IRS990/OtherExpensesGrp/Desc2GRANT EXPENSES
IRS990/OtherExpensesGrp/Desc3ANNUAL FUND EXPENSE
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IRS990/PayrollTaxesGrp/ProgramServicesAmt085983
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IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0899
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt056657
IRS990/PensionPlanContributionsGrp/TotalAmt057556
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IRS990/ProgSrvcAccomActy2Grp/Desc0YOUTH SERVICES: AN IMPORTANT PART OF THE LIBRARY IS THE AREA DEVOTED TO CHILDREN AND YOUNG ADULTS. THE YOUTH SERVICES DEPARTMENT CIRCULATED 111,274 VOLUMES TO 4,100 REGISTERED YOUTH BORROWERS 14 YEARS OLD OR YOUNGER. THE LIBRARY SPONSORED 618 STORY TIMES AND SPECIAL PROGRAMS THROUGHOUT THE YEAR THAT WERE ATTENDED BY 11,985 CHILDREN. REGULAR PROGRAMS RANGE FROM THE FULL STEAM AHEAD SESSION FOR K - 3 GRADE STUDENTS TO MOTHER GOOSE STORY TIME FOR CHILDREN UP TO 24 MONTHS OLD. PROGRAMS FOR OLDER STUDENTS INCLUDE MOVIE NIGHT, MAKE YOUR OWN VIDEO GAMES, COOKS CORNER, AND THE BOOK BUNCH. THE LIBRARY HOLDS SPECIAL EVENTS AND PROGRAMS THROUGHOUT THE YEAR INCLUDING A SUMMER READING PROGRAM THAT HAD OVER 530 PARTICIPANTS THIS YEAR.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01092044
IRS990/ProgSrvcAccomActy3Grp/Desc0VIRTUAL AND SPECIAL SERVICES: THE LIBRARY'S WEBSITE WAS VIEWED 237,417 TIMES. AS WELL AS 64 PUBLIC ACCESS COMPUTERS USED BY 24,231 PEOPLE (AN AVERAGE OF 83 PEOPLE A DAY), AND THE HIGH SPEED WIFI USED ON THE TOP FIVE ROUTERS BY 54,546 USERS AN AVERAGE OF 173 PEOPLE A DAY, THE LIBRARY HAS A COMPUTER LAB TO PROVIDE BOTH COMPUTER CLASSES AND ONE-ON-ONE TUTORING. THE LIBRARY PROVIDES ACCESS TO E-BOOKS, E-AUDIO BOOKS, E-MAGAZINES, AND 13 PAID ON-LINE DATABASES OVER AND ABOVE THOSE OFFERED THROUGH THE STATE LIBRARY. THESE DATABASES INCLUDE TRANSPARENT LANGUAGE OFFERING INSTRUCTION IN 80 DIFFERENT LANGUAGES, UNIVERSAL CLASS OFFERING 500 COURSES FOR LIFELONG LEARNING, AND ON-LINE SOURCES TO HELP LOCAL BUSINESSES INCLUDING REFERENCEUSA, GALE BUSINESS FORMS, AND DEMOGRAPHICS NOW. VIEWS AND USAGE OF DIGITAL SERVICES WERE 78,873. THE LIBRARY OFFERS A DIGITAL COMMONS TO PROVIDE ACCESS TO COLLECTIONS OF RARE AND FRAGILE MATERIALS INCLUDING THE LIBRARY'S WWII POSTERS AND REGIMENTAL HISTORIES AS WELL AS MAPS, PHOTOGRAPHS, AND YEARBOOKS. THE LIBRARY WORKS WITH HIGH SCHOOL AND MIDDLE SCHOOL STUDENTS TO MAKE DIGITAL EXHIBITS FOR THE MAINE MEMORY NETWORK. THE LIBRARY PROVIDES MEETING ROOMS FOR OUTSIDE ORGANIZATIONS TO USE. LAST YEAR 1,276 MEETINGS WERE HELD IN LIBRARY'S SPACE. IT ALSO HOSTS EXHIBITS, PROGRAMS, AND SPECIAL EVENTS. IT HAS MONTHLY ART EXHIBITS BY LOCAL ARTISTS IN ITS 4 GALLERIES. IT IS THE MUSIC LIBRARY FOR THE BANGOR SYMPHONY, IS PART OF THE DOWNTOWN ARTS COLLABORATIVE AND SERVES AS THE MAJOR SPONSOR OF THE BANGOR BOOK FESTIVAL. PROGRAM LAST YEAR RANGED FROM JAZZ TO POETRY, ASTRONOMY TO HISTORY AND ECONOMICS TO POLITICS. THE LIBRARY CREATES ORIGINAL ONLINE PROGRAMMING THAT MIRRORS SOME OF ITS TRADITIONAL IN-PERSON PROGRAMS.
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IRS990/PYRevenuesLessExpensesAmt0-1081521
IRS990/PYSalariesCompEmpBnftPaidAmt01756682
IRS990/PYTotalExpensesAmt02996243
IRS990/PYTotalRevenueAmt01914722
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01976173
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02259972
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01935431
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt09700351
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0301162
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0311896
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0295380
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0262679
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IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0776113
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt057400
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO BANGOR MECHANIC ASSOCIATION
IRS990ScheduleD/OtherRevenueAmt01078
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.36960
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IRS990ScheduleD/RevenueSubtotalAmt02073406
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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 958-360-25), NOT TO REPORT THE VALUE OF THESE WORKS OF ART IN ITS REVENUE STATEMENT AND BALANCE SHEET. THE FOLLOWING IS THE FOOTNOTE FROM THE LIBRARY'S AUDITED FINANCIAL STATEMENTS: COLLECTIONS - THE LIBRARY ELECTS TO FOLLOW THE RECOMMENDATIONS OF THE FASC 958-360-25 (NOT-FOR-PROFIT ENTITIES: PROPERTY, PLANT, AND EQUIPMENT, RECOGNITION TOPIC) IN WHICH COLLECTION ITEMS ACQUIRED THROUGH DONATION ARE NOT CAPITALIZED. CONTRIBUTIONS OF COLLECTION ITEMS ARE NOT RECORDED IN THE STATEMENTS OF ACTIVITIES. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED IN THE STATEMENTS OF ACTIVITIES BASED ON THE ABSENCE OR EXISTENCE AND NATURE OF DONOR-IMPOSED RESTRICTIONS. COLLECTION ITEMS ARE PROTECTED, KEPT UNENCUMBERED, AND CARED FOR.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE LIBRARY PERIODICALLY RECEIVES WORKS OF ART FROM DONORS. THE ART WORK IS GENERALLY DISPLAYED IN THE LIBRARY FOR THE PUBLIC VIEWING.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2THE 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.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3ACCOUNTING 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.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4CHANGE IN VALUE OF CRT 1,078
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 1, PART III, LINE 1A
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 2, PART III, LINE 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.57380
IRS990ScheduleD/TotalBookValueLandBuildingsAmt011493785
IRS990ScheduleD/TotalExpensesPerForm990Amt02979297
IRS990ScheduleD/TotalLiabilityAmt057400
IRS990ScheduleD/TotalRevenuePerForm990Amt02122545

Document Assets

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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
2020Detailed filing. Detailed filing data is available for this year.$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