Spaulding Memorial Library
- Assets
- $320.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Sebago, ME
- Founding
- 04/1938
- Data as of
- 06/2022
- 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 06/2022, Spaulding Memorial Library generated $52.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $55.7k during the year ending 06/2022. While expenses have increased by 1.1% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
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 |
|---|---|---|---|
Susan Gassett Trustee | 6 | $15,474 | |
Claudia Lowe President | 6 | $0 | |
Marjie Jansz Trustee | 6 | $0 | |
Carmen Leighton Treasurer | 6 | $0 | |
Anne Mcmahon Trustee | 6 | $0 | |
Bill Exley Trustee | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,522 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $5,467 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $21,485 |
| Other Revenue | $2,830 |
| Total Revenue | $52,304 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $28,215 |
| Professional fees and other payments to independent contractors | $861 |
| Occupancy, rent, utilities, and maintenance | $10,486 |
| Printing, publications, postage, and shipping | $208 |
| Other expenses | $15,978 |
| Total expenses | $55,748 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $245,742 |
| Other assets | $0 |
| Total assets | $320,881 |
| Total liabilities | $1,281 |
| Net assets or fund balances | $319,600 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Spaulding Memorial Library has recieved totaling $99.
| Awarding Organization | Amount |
|---|---|
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $50 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $49 |
Peer Organizations
| 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 |