Spaulding Memorial Library
- Assets
- $340.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Sebago, ME
- Founding
- 04/1938
- Data as of
- 06/2024
- EIN
- 01-6015105
Organization Overview
Spaulding Memorial Library is located in Sebago, ME. The organization was established in 1938. 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. Spaulding Memorial 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 06/2024, Spaulding Memorial Library generated $81.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $66.0k during the year ending 06/2024. While expenses have increased by 3.1% per year over the past 8 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
ORGANIZATION OPERATES A PUBLIC LIBRARY IN THE TOWN OF SEBAGO, MAINE FOR USE BY THE GENERAL PUBLIC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Claudia Lowe President | 6 | $0 | |
Marjie Jansz Secretary | 6 | $0 | |
Cheryl Lewis Treasurer | 6 | $0 | |
Susan Gassett Trustee | 6 | $0 | |
Anne Mcmahon Vice President | 6 | $0 | |
David Heath Trustee | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,928 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $6,882 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $8,132 |
| Other Revenue | $22,359 |
| Total Revenue | $81,301 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $36,222 |
| Professional fees and other payments to independent contractors | $1,090 |
| Occupancy, rent, utilities, and maintenance | $9,052 |
| Printing, publications, postage, and shipping | $63 |
| Other expenses | $19,576 |
| Total expenses | $66,003 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $266,349 |
| Other assets | $0 |
| Total assets | $340,876 |
| Total liabilities | $602 |
| Net assets or fund balances | $340,274 |