Boothbay Harbor Memorial Library Association

Organization Overview

Boothbay Harbor Memorial Library Association is located in Boothbay Harbor, ME. The organization was established in 1966. As of 12/2023, Boothbay Harbor Memorial Library Association employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boothbay Harbor Memorial 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 12/2023, Boothbay Harbor Memorial Library Association generated $485.3k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $439.9k during the year ending 12/2023. While expenses have increased by 4.6% per year over the past 5 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

2023

Describe the Organization's Mission:

Part 3 - Line 1

OPERATION OF A FREE PUBLIC LIBRARY AND CREATE A WELCOMING SPACE IN WHICH TO EXPLORE IDEAS, CREATE COMMUNITY AND NURTURE INDIVIDUAL GROWTH VIA OPEN ACCESS TO THE TOOLS TO LEARN, DREAM, CONNECT AND DO.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO CREATE A FREE WELCOMING ATMOSPHERE WHERE INDIVIDUALS CAN COME TO EXPLORE IDEAS, CREATE COMMUNITY AND NURTURE INDVIDUAL GROWTH VIA ACCESS TO THE TOOLS TO LEARN, DREAM, CONNECT AND DO.


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Board, Officers & Key Employees

Name (title)Compensation
Joanna Breen
Executive Di
$67,535
Leslie Bird
Treasurer
$0
Joan Chatterton
President
$0
Larry Colcord
Board Member
$0
Marion Coleman
Board Member
$0
Karen Jones
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$143,960
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$255,266
Noncash contributions included in lines 1a–1f $1,025
Total Revenue from Contributions, Gifts, Grants & Similar$399,226
Total Program Service Revenue$11,577
Investment income $32,220
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $40,178
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $2,123
Miscellaneous Revenue$0
Total Revenue $485,324

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