Mcarthur Library Association

Organization Overview

Mcarthur Library Association is located in Biddeford, ME. The organization was established in 1942. As of 06/2021, Mcarthur Library Association employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mcarthur 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 06/2021, Mcarthur Library Association generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $1.2m during the year ending 06/2021. While expenses have increased by 3.0% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PUBLIC LIBRARY WHOSE MISSION IS TO CONNECT THE BIDDEFORD COMMUNITY WITH MATERIALS, PROGRAMS, SERVICES, AND OTHER INFORMATIONAL AND CULTURAL RESOURCES ENABLING FULLER, BETTER, AND RICHER LIVES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PUBLIC LIBRARY SERVING THE RESIDENTS OF BIDDEFORD, MAINE, AND SURROUNDING COMMUNITIES. GENERAL BIDDEFORD POPULATION 21,462.


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Board, Officers & Key Employees

Name (title)Compensation
Roch Angers
President
$0
Michael Eon
Vice Preside
$0
David Moravick
Treasurer
$0
Keith Gosselin
Assistant Tr
$0
Pat Boston
Clerk
$0
John Brockington
Trustee
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$1,091,198
Investment income $73,409
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $233,246
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,542,139

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Mcarthur Library Association has recieved totaling $6,000.

Awarding OrganizationAmount
Davis Family Foundation

Yarmouth, ME

PURPOSE: Reopening Projects and Direct Patron Services (COVID 19)

$6,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$4,439,265
Earnings$1,476,594
Admin Expense$21,946
Other Expense$157,861
Ending Balance$5,736,052

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