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 06/2022, Vose Library employed 2 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 06/2022, Vose Library generated $96.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $108.8k during the year ending 06/2022. While expenses have increased by 4.4% 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
2022
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Debra Lay Library Director | 30 | $24,677 | |
Kristin Gould Library Director | 30 | $11,682 | |
Laura Schuh Secretary | OfficerTrustee | 1 | $0 |
David Poulin President | OfficerTrustee | 1 | $0 |
Sharon Caron Treasurer | OfficerTrustee | 1 | $0 |
Howard Butler Trustee | Trustee | 1 | $0 |
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 | $51,049 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $76,049 |
Total Program Service Revenue | $1,520 |
Investment income | $8,914 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $9,771 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $96,254 |
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. | $37,875 |
Compensation of current officers, directors, key employees. | $9,469 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $2,680 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $4,163 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $1,365 |
Fees for services: Other | $0 |
Advertising and promotion | $250 |
Office expenses | $98 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $11,710 |
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 | $18,538 |
Insurance | $1,616 |
All other expenses | $1,003 |
Total functional expenses | $108,810 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,771 |
Savings and temporary cash investments | $35,734 |
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 | $572,317 |
Investments—publicly traded securities | $115,097 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $725,919 |
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 | $2,308 |
Total liabilities | $2,308 |
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 | $723,611 |
Total liabilities and net assets/fund balances | $725,919 |
Over the last fiscal year, we have identified 2 grants that Vose Library has recieved totaling $22,538.
Awarding Organization | Amount |
---|---|
Robert H And Eleanor S Heald Trust Camden, ME PURPOSE: LIBRARY OPERATIONS | $22,516 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $22 |
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 |