Southwest Harbor Public Library
- Assets
- $5.9m
- Revenue
- $804.9k
- Investments
- $0.0
- Employees
- 12
- Location
- Southwest Harbor, ME
- Founding
- 07/1943
- Data as of
- 12/2021
- EIN
- 01-0241528
Organization Overview
Southwest Harbor Public Library is located in Southwest Harbor, ME. The organization was established in 1943. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 12/2021, Southwest Harbor Public Library employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southwest Harbor Public 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, Southwest Harbor Public Library generated $804.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $530.8k during the year ending 12/2021. While expenses have increased by 3.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE SOUTHWEST HARBOR PUBLIC LIBRARY INSPIRES AND SUPPORTS THE ENJOYMENT OF LIFE-LONG LEARNING, THE LOVE OF LITERACY, AND THE EXPLORATION OF NEW IDEAS, WELCOMING EVERYONE THROUGH ITS DOORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SOUTHWEST HARBOR PUBLIC LIBRARY CONTRIBUTES TO THE CULTURAL AND ECONOMIC PROSPERITY OF SOUTHWEST HARBOR AND "QUIETSIDE" OF MOUNT DESERT ISLAND BY PROVIDING LIBRARY SERVICES TO 1818 SOUTHWEST HARBOR RESIDENTS AND TO 2255 NON-RESIDENTS. LAST YEAR THE LIBRARY CIRCULATED 57,037 VOLUMES TO REGISTERED BORROWERS WITH AN ADDITIONAL 7,300 ITEMS TO OTHER LIBRARIES VIA INTER-LIBRARY LOAN. NEARLY 69,115 PEOPLE, OR AN AVERAGE OF 230 PEOPLE A DAY, VISITED THE LIBRARY TO CHECK OUT BOOKS, MAGAZINES, DVD'S, AND AUDIOBOOKS OR TO USE PUBLIC ACCESS COMPUTERS OR THE HIGH-SPEED WIFI, OR TO READ IN ITS READING ROOMS AND USE PUBLIC MEETING SPACES.
YOUTH SERVICES: AN IMPORTANT PART OF THE LIBRARY ARE THE AREAS DEVOTED TO CHILDREN AND YOUNG ADULTS. YOUTH SERVICES CIRCULATED 21,627 VOLUMES TO BORROWERS. THE LIBRARY SPONSORED 146 STORYTIME PROGRAMS TO BABIES, TODDLERS, AND YOUNG SCHOOL-AGE CHILDREN AND SPONSORED 319 CHILDREN'S EVENTS TO 4767 CHILD AGED ATTENDEES PLUS THEIR ADULT COMPANIONS. THERE WERE 85 YOUNG ADULT EVENTS WITH 1243 ATTENDEES. THE LIBRARY HAS ROBUST SUMMER OFFERINGS WITH A SUMMER READING PROGRAM WITH 160 CHILDREN PARTICIPANTS AND AN INTENSIVE SUMMER READING DAY-CAMP FOR 65 ATTENDEES. THE LIBRARY ALSO DID 35 OUTREACH EVENTS TO LOCAL PRE-SCHOOLS/DAY CARE CENTERS.
VIRTUAL AND SPECIAL SERVICES: THE LIBRARY'S WEBSITE WAS VIEWED OVER 60,000 TIMES. HIGH-SPEED WI-FI IS AVAILABLE 24/7 AND WAS USED BY 10,000 PEOPLE. PUBLIC ACCESS COMPUTERS WERE PROVIDED FOR 37,000 15 MINUTE SESSIONS BY 3113 PEOPLE. THE LIBRARY'S DIGITAL ARCHIVE IS AN INNOVATIVE DATABASE WITH OVER 40,000 LOCAL ITEMS OF INTEREST INCLUDING THE LIBRARY'S HISTORIC PHOTOGRAPH COLLECTION, DOCUMENTS, AND OTHER ARTIFACTS THROUGH A VISUAL RECORD AND IS ACCESSED BY LOCAL AND INTERNATIONAL RESEARCHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Hayward Chair | Officer | 5 | $0 |
Carol Nelson Secretary | Officer | 5 | $0 |
Jim Vekasi Treasurer | Officer | 5 | $0 |
Duane Braun Building & G | Trustee | 1 | $0 |
Kathryn Nelson Trustee | Trustee | 1 | $0 |
George Soules Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $60,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $283,116 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $343,116 |
| Total Program Service Revenue | $2,019 |
| Investment income | $87,308 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $330,260 |
| Net Income from Fundraising Events | $42,149 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $804,852 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $249,934 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $44,625 |
| Payroll taxes | $23,915 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $485 |
| Fees for services: Accounting | $8,855 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,655 |
| Advertising and promotion | $0 |
| Office expenses | $19,608 |
| Information technology | $19,205 |
| Royalties | $0 |
| Occupancy | $18,917 |
| 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 | $48,797 |
| Insurance | $24,170 |
| All other expenses | $0 |
| Total functional expenses | $530,831 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,598 |
| Savings and temporary cash investments | $42,953 |
| 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 | $507,651 |
| Investments—publicly traded securities | $5,237,442 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,912,644 |
| Accounts payable and accrued expenses | $24,976 |
| 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 | $0 |
| Total liabilities | $24,976 |
| Net assets without donor restrictions | $2,324,150 |
| Net assets with donor restrictions | $3,563,518 |
| 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 | $5,912,644 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Southwest Harbor Public Library has recieved totaling $77,525.
| Awarding Organization | Amount |
|---|---|
The Rauch Family Foundation Upland, CA PURPOSE: RESTRICTED FOR ENDOWMENT FUND | $25,000 |
Jacob L And Lillian Holtzmann Foundation Palo Alto, CA PURPOSE: GENERAL CONTRIBUTION | $15,000 |
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Libraries | $11,600 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $5,600 |
Rodney L White Foundation Inc New York, NY PURPOSE: A GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE | $5,000 |
Ausolus Tr Boston, MA PURPOSE: EXEMPT PURPOSE | $5,000 |
Endowment Analysis
| Beg. Balance | $4,337,935 |
| Earnings | $826,213 |
| Net Contributions | $105,000 |
| Other Expense | $155,310 |
| Ending Balance | $5,113,838 |
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 |