Ogunquit Memorial Library
- Assets
- $954.0k
- Revenue
- $158.6k
- Investments
- $705.0k
- Employees
- 0
- Location
- Ogunquit, ME
- Founding
- 04/1939
- Data as of
- 12/2021
- EIN
- 01-0214019
Organization Overview
Ogunquit Memorial Library is located in Ogunquit, ME. The organization was established in 1939. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ogunquit Memorial Library 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 12/2021, Ogunquit Memorial Library generated $158.6k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $144.0k during the year ending 12/2021. While expenses have increased by 5.7% per year over the past 6 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FOR THE OPERATION AND MAINTENANCE OF THE PUBLIC LIBRARY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Yorke Treasurer | 0 | $0 | |
Michael Weare Trustee | 0 | $0 | |
George Cooley Trustee | 0 | $0 | |
Robert Bragg Trustee | 0 | $0 | |
Patience Sundaresan President | 0 | $0 | |
Ed Peters Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $105,376 |
| Interest on Savings | $34 |
| Dividends & Interest | $15,574 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $37,614 |
| Capital Gain Net Income | $37,614 |
| Net ST Capital Gain | $1,838 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $42 |
| Total Revenue | $158,640 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $79,787 |
| Pension plans, employee benefits | $6,104 |
| Interest | $1,672 |
| Taxes | $560 |
| Depreciation | $4,937 |
| Occupancy | $5,581 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $40,165 |
| Total operating and administrative expenses | $144,006 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $144,006 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,189 |
| Savings and temporary cash investments | $81,686 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $162,068 |
| Other assets | $0 |
| Total assets | $953,978 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $32,144 |
| Total liabilities | $32,144 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ogunquit Memorial Library has recieved totaling $8,392.
| Awarding Organization | Amount |
|---|---|
A Caring Community Kittery, ME PURPOSE: GENERAL SUPPORT | $8,392 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bangor Public Library Trustees Bangor, ME | $25,795,919 | $2,775,295 |
Maine Peoples Resource Center Portland, ME | $2,139,124 | $2,704,072 |
Rockport Library Foundation Rockport, ME | $310,933 | $664,921 |
The Upper Room A Family Resource Center Derry, NH | $2,012,046 | $1,533,126 |
York Public Library Association Inc York, ME | $7,085,661 | $941,036 |
Kennebunk Free Library Association Kennebunk, ME | $2,344,059 | $951,000 |
Topsham Public Library Topsham, ME | $1,623,953 | $916,950 |
Meredith Library Fund Meredith, NH | $40,551 | $10,850 |
Park Street Foundation Concord, NH | $304,435 | $636,101 |
Sanford Library Association Sanford, ME | $2,367,641 | $997,039 |
Trustees Of Merrill Memorial Library Yarmouth, ME | $4,155,143 | $731,086 |
Southwest Harbor Public Library Southwest Harbor, ME | $5,912,644 | $804,852 |