Eastport Public Library Association
- Assets
- $2.8m
- Revenue
- $322.5k
- Investments
- $0.0
- Employees
- 5
- Location
- Eastport, ME
- Founding
- 06/1998
- Data as of
- 01/2024
- EIN
- 01-0211502
Organization Overview
Eastport Public Library Association is located in Eastport, ME. The organization was established in 1998. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 01/2024, Eastport Public Library Association employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eastport Public Library Association is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 01/2024, Eastport Public Library Association generated $322.5k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $132.0k during the year ending 01/2024. While expenses have increased by 6.1% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
WE ARE A FREE PUBLIC LIBRARY SERVING THE PEOPLE OF EASTPORT, ME, AND SURROUNDING COMMUNITIES. THE POPULATION SERVED IS ESTIMATED TO BE 3,500 PEOPLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LIBRARY PROVIDES FREE ACCESS TO LIBRARY BOOKS, TAPES, MOVIES, AND PERIODICALS TO AN ESTIMATED 3,500 PEOPLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Lee President | OfficerTrustee | 1 | $0 |
Tari Camick Director | Trustee | 1 | $0 |
Margie Whalen Director | Trustee | 1 | $0 |
Kerry Jackson Director | Trustee | 1 | $0 |
Tom Adelman Treasurer | Trustee | 1 | $0 |
Mauela Brice Vice President | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $66,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $196,119 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $262,119 |
| Total Program Service Revenue | $8,128 |
| Investment income | $26,043 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20,574 |
| Net Income from Fundraising Events | $5,681 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $322,545 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $36,368 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,539 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,766 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,258 |
| Fees for services: Accounting | $1,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,415 |
| Fees for services: Other | $925 |
| Advertising and promotion | $40 |
| Office expenses | $5,222 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,634 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,480 |
| Insurance | $8,199 |
| All other expenses | $0 |
| Total functional expenses | $131,994 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $101,973 |
| Savings and temporary cash investments | $134,435 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,476,254 |
| Investments—publicly traded securities | $1,073,973 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,786,635 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $500 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $500 |
| Net assets without donor restrictions | $2,483,117 |
| Net assets with donor restrictions | $303,018 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,786,635 |