Charlotte Hobbs Memorial Library
- Assets
- $1.2m
- Revenue
- $172.3k
- Investments
- $0.0
- Employees
- 8
- Location
- Lovell, ME
- Founding
- 12/1966
- Data as of
- 12/2020
- EIN
- 01-6021794
Organization Overview
Charlotte Hobbs Memorial Library is located in Lovell, ME. The organization was established in 1966. According to its NTEE Classification (A62) the organization is classified as: Dance, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2020, Charlotte Hobbs Memorial Library employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charlotte Hobbs 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 12/2020, Charlotte Hobbs Memorial Library generated $172.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $129.3k during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PUBLIC LIBRARY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHARLOTTE HOBBS MEMORIAL LIBRARY PROVIDES LIBRARY RELATED SERVICES TO THE LOCAL COMMUNITY. THE LIBRARY IS SUPPORTED PRIMARILY THROUGH ANNUAL CONTRIBUTIONS FROM THE TOWN OF LOVELL ALONG WITH PERIODIC DONATIONS FROM INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrea Macht Vice President | OfficerTrustee | 7 | $0 |
David Frum Treasurer | OfficerTrustee | 10 | $0 |
Ann Diskin Secretary | OfficerTrustee | 9 | $0 |
Naomi King President | OfficerTrustee | 12 | $0 |
Alice Carbery Trustee | Trustee | 6 | $0 |
Barbara Collins Trustee | Trustee | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $58,430 |
| All other contributions, gifts, grants, and similar amounts not included above | $77,526 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $135,956 |
| Total Program Service Revenue | $1,896 |
| Investment income | $6,281 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $28,128 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $172,261 |
| 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. | $15,117 |
| Compensation of current officers, directors, key employees. | $4,384 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $35,545 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,013 |
| Payroll taxes | $3,876 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $825 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,472 |
| Advertising and promotion | $0 |
| Office expenses | $2,592 |
| Information technology | $5,152 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $189 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,620 |
| Insurance | $3,076 |
| All other expenses | $3,451 |
| Total functional expenses | $129,294 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,597 |
| Savings and temporary cash investments | $25,658 |
| 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 | $703,293 |
| Investments—publicly traded securities | $348,848 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,169,396 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,169,396 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,169,396 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Charlotte Hobbs Memorial Library has recieved totaling $26,140.
| Awarding Organization | Amount |
|---|---|
Davis Family Foundation Yarmouth, ME PURPOSE: Exterior Building Repainting, Main Street Porch & Foundation Stabilization and Repair | $20,000 |
Helen R Coe Tr Bridgton, ME PURPOSE: SUPPORT OF LOCAL LIBRARY PROGRAMS | $6,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $140 |
Endowment Analysis
| Beg. Balance | $352,931 |
| Earnings | $6,660 |
| Admin Expense | $4,033 |
| Other Expense | $13,500 |
| Ending Balance | $342,058 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Moving Company Dance Center Keene, NH | $6,172,616 | $1,206,933 |
Ice Dance International Kittery, ME | $244,726 | $262,860 |
International Association Of Round Dance Teachers Inc Auburn, ME | $310,415 | $0 |
Charlotte Hobbs Memorial Library Lovell, ME | $1,169,396 | $172,261 |
Southern New Hampshire Youth Ballet Bedford, NH | $10,314 | $0 |
Cara Rince Inc Stratham, NH | $64,172 | $0 |
Apogee Arts Brooksville, ME | $34,988 | $0 |
Neskaya Inc Franconia, NH | $276,023 | $0 |
Society Of Health And Physical Educators Bath, NH | $41,180 | $0 |
New England Dance Ensemble Londonderry, NH | $95,384 | $0 |
Terra Moto Inc South Portland, ME | $102,684 | $0 |
John W Barker Irrv Tr Milford, NH | $41,341 | $2,000 |