Springvale Public Library Association
- Assets
- $4.3m
- Revenue
- $271.1k
- Investments
- $0.0
- Employees
- 11
- Location
- Springvale, ME
- Founding
- 11/1994
- Data as of
- 06/2023
- EIN
- 01-0231382
Organization Overview
Springvale Public Library Association is located in Springvale, ME. The organization was established in 1994. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 06/2023, Springvale Public Library Association employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Springvale 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 06/2023, Springvale Public Library Association generated $271.1k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $364.4k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 4 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE SPRINGVALE PUBLIC LIBRARY WAS CREATED AND OPERATED TO OWN AND MAINTAIN A SPECIAL LIBRARY FOR MUTUAL AND LITERARY PURPOSES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SPRINGVALE PUBLIC LIBRARY ASSOCIATION WAS CREATED AND OPERATED TO OWN AND MAINTAIN A SPECIAL LIBRARY FOR MUTUAL AND LITERARY PURPOSES. REVENUE SHORTFALLS ARE MADE UP FROM WITHDRAWALS FROM INVESTMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lesley Unger Executive Director | Officer | 33 | $50,610 |
Lionel Sevigny Trustee | Trustee | 1 | $0 |
Harland Eastman Trustee | Trustee | 1 | $0 |
Diana Stearns Trustee | Trustee | 1 | $0 |
Ellen Mcadam Vice President | OfficerTrustee | 1 | $0 |
Lionel Sevigny Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $15,914 |
| Membership dues | $0 |
| Fundraising events | $18,948 |
| Related organizations | $0 |
| Government grants | $164,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $43,973 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $243,635 |
| Total Program Service Revenue | $8,476 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $16,144 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $271,052 |
| 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. | $50,610 |
| Compensation of current officers, directors, key employees. | $7,591 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $137,487 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $24,496 |
| Payroll taxes | $16,274 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,460 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,104 |
| Office expenses | $4,732 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $5,961 |
| All other expenses | $2,559 |
| Total functional expenses | $364,357 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,307 |
| Savings and temporary cash investments | $0 |
| 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 | $1,163,276 |
| Investments—publicly traded securities | $3,038,418 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,150 |
| Total assets | $4,266,151 |
| Accounts payable and accrued expenses | $34,571 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $133 |
| Total liabilities | $34,704 |
| Net assets without donor restrictions | $3,897,569 |
| Net assets with donor restrictions | $333,878 |
| 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 | $4,266,151 |