Civic Intelligence

Maine Infonet Collaborative

990 • Fiscal year 2019 • EIN 27-5079950

Jul 01, 2018 to Jun 30, 2019 • Filed on Feb 05, 2020

5784 York Village Suite 58Orono, ME 04469-5784

(207) 581-3083

Siviq Scores

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

Liabilities / Assets

76th percentile

0.26x

Higher debt load relative to assets than 76% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

76th percentile

0.19x

Higher debt load relative to revenue than 76% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

78th percentile

22%

Higher net margin than 78% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

68th percentile

13%

Faster asset growth than 68% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

73rd percentile

22%

Faster revenue growth than 73% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$533,783

Up $59,534 (+13%) from 2018

Net Assets

Up

$396,728

Up $157,234 (+66%) from 2018

Liabilities

Down

$137,055

Down $97,700 (-42%) from 2018

Revenue

Up

$711,219

Up $126,314 (+22%) from 2018

Expenses

Down

$553,985

Down $107,962 (-16%) from 2018

Net Income

Up

$157,234

Up $234,276 (+304%) from 2018

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2016: $388,613Liabilities 2016: $151,540Net Assets 2016: $237,0732016Assets 2017: $465,713Liabilities 2017: $149,177Net Assets 2017: $316,5362017Assets 2018: $474,249Liabilities 2018: $234,755Net Assets 2018: $239,4942018Assets 2019: $533,783Liabilities 2019: $137,055Net Assets 2019: $396,7282019Assets 2020: $472,058Liabilities 2020: $150,254Net Assets 2020: $321,8042020Assets 2021: $451,940Liabilities 2021: $117,521Net Assets 2021: $334,4192021Assets 2022: $852,879Liabilities 2022: $119,097Net Assets 2022: $733,7822022

Highlighted filing

2019

Assets$533,783
Liabilities$137,055
Net Assets$396,728

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2016: $600,412Expenses 2016: $540,034Net Income 2016: $60,3782016Revenue 2017: $670,170Expenses 2017: $590,707Net Income 2017: $79,4632017Revenue 2018: $584,905Expenses 2018: $661,947Net Income 2018: -$77,0422018Revenue 2019: $711,219Expenses 2019: $553,985Net Income 2019: $157,2342019Revenue 2020: $630,517Expenses 2020: $705,441Net Income 2020: -$74,9242020Revenue 2021: $704,433Expenses 2021: $691,818Net Income 2021: $12,6152021Revenue 2022: $1,155,721Expenses 2022: $756,358Net Income 2022: $399,3632022

Highlighted filing

2019

Revenue$711,219
Expenses$553,985
Net Income$157,234
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Feb 5, 2020
Return Version
2018v3.2
Gross Receipts
$711,219
Mission and Program Overview

Mission

The maine infonet collaborative exists to support cooperation, partnership, collaboration and sharing between academic, public, school, and specials libraries in the state of maine. A major activity of the maine infonet collaborative will be to organize, convene, and manage meetings bringing together librarians and library staff from across the state to help plan and organize cooperative library ventures and/or to provide forums for discussions of topics of importance to libraries across the state. The maine infonet collaborative may in the future from time to time apply for private, state and/or federal grant moneys in order to undertake activities that support library cooperation. The maine infonet collaborative organizes groups of libraries together for collaborative licensing or purchasing of library services, materials, databases,journals, ebooks, electronic content, etc.

The maine infonet collaborative exists to support cooperation, partnership, collaboration and sharing between academic, public, school and special libraries in the state of maine. Maine infonet collaborative organizes, convenes, and manages meetings bringing together librarians and library staff from across the state to help plan and organize cooperative library ventures. The maine infonet collaborative applies for private, state, and/or federal grant moneys in order to undertake activities that support library cooperation. The maine infonet collaborative organizes groups of libraries together for collaborative licensing or purchasing of library services and systems, materials, databases, journals, ebooks, electronic content, etc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$391,934$399,254▲ $7,320
Accounts Receivable$42,000$83,116▲ $41,116
Cash and Non-Interest-Bearing Accounts$40,315$51,413▲ $11,098
Total Assets$474,249$533,783▲ $59,534
Liabilities
Deferred Revenue$183,884$136,895▼ $46,989
Accounts Payable and Accrued Expenses$50,871$160▼ $50,711
Total Liabilities$234,755$137,055▼ $97,700
Net Assets / Fund Balance
Unrestricted Net Assets$239,494$396,728▲ $157,234
Total Net Assets Fund Balance$239,494$396,728▲ $157,234
Total Liabilities and Net Assets / Fund Balance$474,249$533,783▲ $59,534
Compensation and Service Providers

Board Members and Trustees

NameTitle
Joyce RumeryPresident
Benjamin TreatDirector
David NuttyDirector
Diane NadeauDirector
Jamie RitterDirector
Janet SortorDirector
Nancy GrantDirector
Sarah CampbellDirector
Steve NormanDirector
James M Jackson SanbornExecutive Di
Marjorie HassenSecretary
Pauline AngioneTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Innovative Interfaces INCTechnologyPO BOX 74008010, Chicago, IL 60674-8010$368,000
BibliothecaPublicationsPO BOX 744378, Atlanta, GA 30384$106,450
Revenue and Support

Revenue Composition

Contributions and Grants
$600
Program Service Revenue
$710,214
Investment Income
$405
Other Revenue
$0
All Other Contributions
$600
Change in Net Assets
$157,234
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$553,985
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Information Technology$480,691--$480,691
All Other Expenses$9,093--$9,093
Other Expenses$5,780--$5,780
Conferences and Meetings$4,297--$4,297
Fees for Services Accounting$1,606--$1,606
Fees for Services Legal$85--$85
Total Functional Expenses$553,985$0$0$553,985
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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

Governance Explanations

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

The executive director and board reviews the form 990 prior to filing.

Form 990, Page 6, Part VI, Line 19

Governing documents are made to the public upon request. Documentation of board minutes are available on the organization's website.

Filing and Contact Details

Filer

Filer Name
Maine Infonet Collaborative
EIN
27-5079950
Address
5784 YORK VILLAGE SUITE 58, ORONO, ME 04469-5784

Signing Officer

Name
James M Jackson Sanborn
Title
Executive Director
Phone
2075813083
Signed
2020-02-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James M Jackson Sanborn
Formed
2010
Legal Domicile
Me
Voting Board Members
11
Independent Board Members
11
Employees
0

Preparer

Firm
Bbsc Cpas
Address
38 PARKWAY SOUTH, BREWER, ME 04412-1628
Preparer
Michael P Jones CPA
Phone
2079418890
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The maine infonet collaborative exists to support cooperation, partnership, collaboration and sharing between academic, public, school and special libraries in the state of maine. Maine infonet collaborative organizes, convenes, and manages meetings bringing together librarians and library staff from across the state to help plan and organize cooperative library ventures. The maine infonet collaborative applies for private, state, and/or federal grant moneys in order to undertake activities that support library cooperation. The maine infonet collaborative organizes groups of libraries together for collaborative licensing or purchasing of library services and systems, materials, databases, journals, ebooks, electronic content, etc.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MAINE INFONET COLLABORATIVE EXISTS TO SUPPORT COOPERATION, PARTNERSHIP, COLLABORATION AND SHARING BETWEEN ACADEMIC, PUBLIC, SCHOOL AND SPECIAL LIBRARIES IN THE STATE OF MAINE. MAINE INFONET COLLABORATIVE ORGANIZES, CONVENES, AND MANAGES MEETINGS BRINGING TOGETHER LIBRARIANS AND LIBRARY STAFF FROM ACROSS THE STATE TO HELP PLAN AND ORGANIZE COOPERATIVE LIBRARY VENTURES. THE MAINE INFONET COLLABORATIVE APPLIES FOR PRIVATE, STATE, AND/OR FEDERAL GRANT MONEYS IN ORDER TO UNDERTAKE ACTIVITIES THAT SUPPORT LIBRARY COOPERATION. THE MAINE INFONET COLLABORATIVE ORGANIZES GROUPS OF LIBRARIES TOGETHER FOR COLLABORATIVE LICENSING OR PURCHASING OF LIBRARY SERVICES AND SYSTEMS, MATERIALS, DATABASES, JOURNALS, EBOOKS, ELECTRONIC CONTENT, ETC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE EXECUTIVE DIRECTOR AND BOARD REVIEWS THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE MADE TO THE PUBLIC UPON REQUEST. DOCUMENTATION OF BOARD MINUTES ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BuildTS02020-11-06 18:47:13Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES M JACKSON SANBORN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02075813083
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-02-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MAINE INFONET COLLABORATIVE
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ReturnHeader/FilingSecurityInformation/IPDt02020-02-06
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ReturnHeader/FilingSecurityInformation/IPTm010:35:45
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ReturnHeader/PreparerPersonGrp/PreparationDt02020-02-06

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