Vose Library
- Assets
- $776.9k
- Revenue
- $134.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Union, ME
- Founding
- 11/1979
- Data as of
- 06/2023
- EIN
- 01-0364464
Organization Overview
Vose Library is located in Union, ME. The organization was established in 1979. 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, Vose Library employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vose 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, Vose Library generated $134.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $89.1k during the year ending 06/2023. While expenses have increased by 1.9% per year over the past 6 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
THE MISSION OF THE VOSE LIBRARY IS TO PROVIDE PRINT AND NON-PRINT MATERIAL TO THE PEOPLE OF THE UNION AREA TO MEET THEIR LITERARY, CULTURAL, INFORMATIONAL, EDUCATIONAL, AND RECREATIONAL NEEDS AND TO DO SO IN A SPIRIT OF SERVICE TO THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE READING AND EDUCATIONAL PROGRAMS TO RESIDENTS OF THE TOWN OF UNION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristin Gould Library Director | 30 | $22,613 | |
Howard Butler Trustee | Trustee | 1 | $0 |
Sharon Caron Treasurer | OfficerTrustee | 1 | $0 |
Laurie Warden Trustee | Trustee | 1 | $0 |
Amy Cornell Trustee | Trustee | 1 | $0 |
Laura Schuh Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $92,475 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $117,475 |
| Total Program Service Revenue | $2,275 |
| Investment income | $5,588 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $9,001 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $134,339 |
| 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. | $22,613 |
| Compensation of current officers, directors, key employees. | $5,653 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,002 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,405 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,805 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,149 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $83 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,939 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $40 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,672 |
| Insurance | $1,745 |
| All other expenses | $1,187 |
| Total functional expenses | $89,111 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,182 |
| Savings and temporary cash investments | $89,819 |
| 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 | $557,238 |
| Investments—publicly traded securities | $125,638 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $776,877 |
| Accounts payable and accrued expenses | $0 |
| 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 | $1,919 |
| Total liabilities | $1,919 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $774,958 |
| Total liabilities and net assets/fund balances | $776,877 |