Civic Intelligence

Maine Infonet Collaborative

990 • Fiscal year 2021 • EIN 27-5079950

Jul 01, 2020 to Jun 30, 2021 • Filed on Feb 11, 2022

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

77th percentile

0.26x

Higher debt load relative to assets than 77% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

71st percentile

0.17x

Higher debt load relative to revenue than 71% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

31st percentile

1.8%

Higher net margin than 31% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

18th percentile

-4.3%

Faster asset growth than 18% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

49th percentile

12%

Faster revenue growth than 49% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Down

$451,940

Down $20,118 (-4.3%) from 2020

Net Assets

Up

$334,419

Up $12,615 (+3.9%) from 2020

Liabilities

Down

$117,521

Down $32,733 (-22%) from 2020

Revenue

Up

$704,433

Up $73,916 (+12%) from 2020

Expenses

Down

$691,818

Down $13,623 (-1.9%) from 2020

Net Income

Up

$12,615

Up $87,539 (+117%) from 2020

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

2021

Assets$451,940
Liabilities$117,521
Net Assets$334,419

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

2021

Revenue$704,433
Expenses$691,818
Net Income$12,615
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Feb 11, 2022
Return Version
2020v4.0
Gross Receipts
$704,433
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. 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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$384,611$358,522▼ $26,089
Cash and Non-Interest-Bearing Accounts$46,966$47,268▲ $302
Accounts Receivable$40,481$46,150▲ $5,669
Total Assets$472,058$451,940▼ $20,118
Liabilities
Deferred Revenue$150,254$117,121▼ $33,133
Accounts Payable and Accrued Expenses-$400-
Total Liabilities$150,254$117,521▼ $32,733
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$321,804$334,419▲ $12,615
Total Net Assets Fund Balance$321,804$334,419▲ $12,615
Total Liabilities and Net Assets / Fund Balance$472,058$451,940▼ $20,118
Compensation and Service Providers

Board Members and Trustees

NameTitle
Joyce RumeryPresident
Diane NadeauDirector
Jamie RitterDirector
Janet SortorDirector
Nancy GrantDirector
Sarah CampbellDirector
Steve NormanDirector
James M Jackson SanbornExecutive Di
Marjorie HassenSecretary
Benjamin TreatTreasurer
David NuttyVice Preside

Highest Paid Contractors

ContractorServicesLocationCompensation
Innovative Interfaces INCTechnologyPO BOX 74008010, Chicago, IL 60674-8010$383,280
BibliothecaPublicationsPO BOX 744378, Atlanta, GA 30384$154,378
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$704,215
Investment Income
$218
Other Revenue
$0
Change in Net Assets
$12,615
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$691,818
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$544,235--$544,235
All Other Expenses$25,655--$25,655
Other Expenses$13,553--$13,553
Insurance$5,912--$5,912
Fees for Services Accounting$726--$726
Conferences and Meetings$99--$99
Fees for Services Legal$85--$85
Total Functional Expenses$691,818$0$0$691,818
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 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
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 available 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
2022-02-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James M Jackson Sanborn
Formed
2010
Legal Domicile
Me
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
10

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. 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.

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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. 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE EXECUTIVE DIRECTOR AND BOARD REVIEWS THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE MADE AVAILABLE 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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IRS990/USAddress/AddressLine1Txt05784 YORK VILLAGE SUITE 58
IRS990/USAddress/CityNm0ORONO
IRS990/USAddress/StateAbbreviationCd0ME
IRS990/USAddress/ZIPCd0044695784
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IRS990/WebsiteAddressTxt0WWW.MAINEINFONET.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-03-31 18:45:55Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES M JACKSON SANBORN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02075813083
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-02-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MAINE INFONET COLLABORATIVE
ReturnHeader/Filer/BusinessNameControlTxt0MAIN
ReturnHeader/Filer/EIN0275079950
ReturnHeader/Filer/USAddress/AddressLine1Txt05784 YORK VILLAGE SUITE 58
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ReturnHeader/Filer/USAddress/ZIPCd0044695784
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0043389217
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BBSC CPAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt038 PARKWAY SOUTH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BREWER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0ME
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0044121628
ReturnHeader/PreparerPersonGrp/PhoneNum02079418890
ReturnHeader/PreparerPersonGrp/PreparationDt02022-02-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL P JONES CPA
ReturnHeader/ReturnTs02022-02-16T07:18:34-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JAMES
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SANDBORN
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

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