Waldoboro Public Library
- Assets
- $1.6m
- Revenue
- $316.3k
- Investments
- $0.0
- Employees
- 5
- Location
- Waldoboro, ME
- Founding
- 08/1988
- Data as of
- 12/2021
- EIN
- 01-0329748
Organization Overview
Waldoboro Public Library is located in Waldoboro, ME. The organization was established in 1988. As of 12/2021, Waldoboro Public Library employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waldoboro 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, Waldoboro Public Library generated $316.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $160.4k during the year ending 12/2021. While expenses have increased by 0.5% 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
OPERATION OF PUBLIC LIBRARY
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF PUBLIC LIBRARY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cathrina Skov Executive Director | OfficerTrustee | 32 | $37,491 |
Andy Lackoff President | OfficerTrustee | 0.9 | $0 |
Bob Butler Treasurer | Officer | 2.5 | $0 |
Bruce Metrick Vice President | Officer | 0.25 | $0 |
Susan Jackson Trustee | Trustee | 0.25 | $0 |
Jan Visser Trustee | Trustee | 0.9 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $71,748 |
| All other contributions, gifts, grants, and similar amounts not included above | $70,624 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $142,372 |
| Total Program Service Revenue | $1,907 |
| Investment income | $78,052 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $86,525 |
| Net Income from Fundraising Events | $7,433 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $316,289 |
| 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. | $37,491 |
| Compensation of current officers, directors, key employees. | $13,122 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $52,834 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $660 |
| Payroll taxes | $7,075 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,221 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,107 |
| Information technology | $2,145 |
| Royalties | $0 |
| Occupancy | $14,054 |
| 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 | $15,967 |
| Insurance | $2,994 |
| All other expenses | $8,471 |
| Total functional expenses | $160,428 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,279 |
| Savings and temporary cash investments | $58,856 |
| 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 | $419,151 |
| Investments—publicly traded securities | $1,069,450 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,575,736 |
| Accounts payable and accrued expenses | $2,733 |
| 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 | $2,733 |
| Net assets without donor restrictions | $1,284,631 |
| Net assets with donor restrictions | $288,372 |
| 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 | $1,575,736 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Waldoboro Public Library has recieved totaling $19,505.
| Awarding Organization | Amount |
|---|---|
Stanley Bailey Charitable Trust Damariscotta, ME PURPOSE: TO FULFILL EXEMPT PURPOSE OF ORGANIZ | $16,950 |
Anonimo Foundation Damariscotta, ME PURPOSE: OPERATIONS SUPPORT | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $55 |
Endowment Analysis
| Beg. Balance | $915,522 |
| Earnings | $164,569 |
| Admin Expense | $4,221 |
| Other Expense | $6,420 |
| Ending Balance | $1,069,450 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Portland Public Library Portland, ME | $16,295,228 | $9,283,612 |
Brunswick Public Library Association Brunswick, ME | $4,573,587 | $2,568,620 |
Scarborough Public Library Scarborough, ME | $2,438,675 | $1,994,735 |
Auburn Public Library Auburn, ME | $5,986,065 | $1,411,644 |
Mcarthur Library Association Biddeford, ME | $6,852,338 | $1,542,139 |
Patten Free Library Bath, ME | $10,442,348 | $1,415,338 |
Falmouth Memorial Library Association Falmouth, ME | $4,237,276 | $754,960 |
Dyer Library Association Saco, ME | $3,666,585 | $1,182,445 |
Jesup Memorial Library Bar Harbor, ME | $8,465,074 | $2,324,945 |
Blue Hill Public Library Inc Blue Hill, ME | $11,273,256 | $1,954,508 |
Skidompha Library Assoc Damariscotta, ME | $4,644,240 | $651,965 |
Northeast Harbor Library Northeast Harbor, ME | $11,707,277 | $1,018,426 |