Skidompha Library Assoc
- Assets
- $4.7m
- Revenue
- $841.3k
- Investments
- $0.0
- Employees
- 11
- Location
- Damariscotta, ME
- Founding
- 08/1972
- Data as of
- 06/2024
- EIN
- 01-0228297
Organization Overview
Skidompha Library Assoc is located in Damariscotta, ME. The organization was established in 1972. As of 06/2024, Skidompha Library Assoc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Skidompha Library Assoc 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 06/2024, Skidompha Library Assoc generated $841.3k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $789.0k during the year ending 06/2024. While expenses have increased by 1.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
PUBLIC LIBRARY SKIDOMPHA LIBRARY SUPPORTS AND ENRICHES OUR COMMUNITIES BY FOSTERING LITERACY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE PUBLIC LIBRARY SERVICES TO DAMARISCOTTA, NEWCASTLE, NOBLEBORO
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Graff Evecutive Dir | Officer | 40 | $72,199 |
Karen Filler Director/chair | OfficerTrustee | 4 | $0 |
Katie Rethman Treasurer | OfficerTrustee | 4 | $0 |
Martha Kennedy Dir/secretary | OfficerTrustee | 2 | $0 |
Denise Soucy Director | Trustee | 2 | $0 |
Paul Mathews Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $12,370 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $81,427 |
| All other contributions, gifts, grants, and similar amounts not included above | $134,594 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $228,391 |
| Total Program Service Revenue | $200,398 |
| Investment income | $324,606 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,920 |
| Net Rental Income | $27,083 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $58,913 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $841,311 |
| 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. | $72,199 |
| Compensation of current officers, directors, key employees. | $57,759 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $272,338 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $24,469 |
| Payroll taxes | $26,783 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,825 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,292 |
| Fees for services: Other | $0 |
| Advertising and promotion | $530 |
| Office expenses | $47,807 |
| Information technology | $19,191 |
| Royalties | $0 |
| Occupancy | $149,981 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,160 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $77,437 |
| Insurance | $1,421 |
| All other expenses | $0 |
| Total functional expenses | $788,950 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,107 |
| Savings and temporary cash investments | $14,356 |
| 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 | $1,000 |
| Net Land, buildings, and equipment | $2,629,201 |
| Investments—publicly traded securities | $1,918,816 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,650,480 |
| Accounts payable and accrued expenses | $18,608 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $153,221 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $171,829 |
| Net assets without donor restrictions | $3,468,169 |
| Net assets with donor restrictions | $1,010,482 |
| 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 | $4,650,480 |