Topsham Public Library
- Assets
- $1.6m
- Revenue
- $903.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Topsham, ME
- Founding
- 10/1991
- Data as of
- 06/2023
- EIN
- 01-0268926
Organization Overview
Topsham Public Library is located in Topsham, ME. The organization was established in 1991. 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. Topsham 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 06/2023, Topsham Public Library generated $903.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $923.1k during the year ending 06/2023. While expenses have increased by 4.8% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PUBLIC LIBRARY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS A PUBLIC LIBRARY FOR THE TOWN OF TOPSHAM, MAINE RESIDENTS (POPULATION APPROXIMATELY 10,000)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Preece Exec. Dir. | Officer | 40 | $94,357 |
Irene Martin Treasurer | Officer | 0.5 | $3,870 |
Phil Dostie Secretary | OfficerTrustee | 2.1 | $0 |
Jim Doyle Trustee | Trustee | 0.6 | $0 |
Kelley Glidden Vice Preside | OfficerTrustee | 1.4 | $0 |
Diane Hender President | Trustee | 1.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $761,137 |
| All other contributions, gifts, grants, and similar amounts not included above | $126,924 |
| Noncash contributions included in lines 1a–1f | $3,275 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $888,061 |
| Total Program Service Revenue | $12,952 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $923 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $902,976 |
| 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. | $108,669 |
| Compensation of current officers, directors, key employees. | $54,335 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $464,799 |
| Pension plan accruals and contributions | $15,067 |
| Other employee benefits | $65,899 |
| Payroll taxes | $43,324 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $375 |
| Fees for services: Accounting | $12,372 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,194 |
| Office expenses | $17,996 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,309 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,275 |
| Interest | $484 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,399 |
| Insurance | $7,725 |
| All other expenses | $440 |
| Total functional expenses | $923,092 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $218,913 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $18,608 |
| 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 | $2,063 |
| Net Land, buildings, and equipment | $191,761 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,209,914 |
| Total assets | $1,641,259 |
| Accounts payable and accrued expenses | $24,282 |
| 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 | $13,347 |
| Total liabilities | $37,629 |
| Net assets without donor restrictions | $393,236 |
| Net assets with donor restrictions | $1,210,394 |
| 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 | $1,641,259 |