Maine Infonet Collaborative
- Assets
- $730.1k
- Revenue
- $695.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Orono, ME
- Founding
- 03/2012
- Data as of
- 06/2023
- EIN
- 27-5079950
Organization Overview
Maine Infonet Collaborative is located in Orono, ME. The organization was established in 2012. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maine Infonet Collaborative 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, Maine Infonet Collaborative generated $695.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $787.5k during the year ending 06/2023. While expenses have increased by 4.8% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MAINE INFONET COLLABORATIVE EXISTS TO SUPPORT COOPERATION, PARTNERSHIP, COLLABORATION AND SHARING BETWEEN ACADEMIC, PUBLIC, SCHOOL, AND SPECIALS LIBRARIES IN THE STATE OF MAINE. A MAJOR ACTIVITY OF THE MAINE INFONET COLLABORATIVE WILL BE TO ORGANIZE, CONVENE, AND MANAGE MEETINGS BRINGING TOGETHER LIBRARIANS AND LIBRARY STAFF FROM ACROSS THE STATE TO HELP PLAN AND ORGANIZE COOPERATIVE LIBRARY VENTURES AND/OR TO PROVIDE FORUMS FOR DISCUSSIONS OF TOPICS OF IMPORTANCE TO LIBRARIES ACROSS THE STATE. THE MAINE INFONET COLLABORATIVE MAY IN THE FUTURE FROM TIME TO TIME APPLY FOR PRIVATE, STATE AND/OR FEDERAL GRANT MONEYS IN ORDER TO UNDERTAKE ACTIVITIES THAT SUPPORT LIBRARY COOPERATION. THE MAINE INFONET COLLABORATIVE ORGANIZES GROUPS OF LIBRARIES TOGETHER FOR COLLABORATIVE LICENSING OR PURCHASING OF LIBRARY SERVICES, MATERIALS, DATABASES,JOURNALS, EBOOKS, ELECTRONIC CONTENT, ETC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLABORATIVE/CONSORTIAL RESOURCE MANAGEMENT: THE MAINE INFONET COLLABORATIVE ORGANIZES GROUPS OF LIBRARIES TOGETHER FOR COLLABORATIVE LICENSING AND SUBSCRIPTION OF LIBRARY MANAGEMENT SYSTEM SOFTWARE AND FOR PURCHASE OF SERVICES, MATERIALS, SUBSCRIPTIONS, ETC. RELATED TO THE MANAGEMENT OF LIBRARY CATALOG SYSTEMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James M Jackson Sanborn Executive Di | OfficerTrustee | 40 | $0 |
Steve Norman President | OfficerTrustee | 1 | $0 |
Benjamin Treat Treasurer | OfficerTrustee | 1 | $0 |
Marjorie Hassen Secretary | OfficerTrustee | 1 | $0 |
Lori Fisher Director | Trustee | 1 | $0 |
Bryce Cundick Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bibliotheca Publications | 6/29/21 | $154,378 |
Innovative Interfaces Inc Technology | 6/29/21 | $383,280 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $695,079 |
| Investment income | $736 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $695,815 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $85 |
| Fees for services: Accounting | $783 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $587,049 |
| 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 | $2,384 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,943 |
| All other expenses | $29,731 |
| Total functional expenses | $787,456 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,040 |
| Savings and temporary cash investments | $597,716 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $59,327 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $730,083 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $87,942 |
| 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 | $87,942 |
| Net assets without donor restrictions | $642,141 |
| 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 | $730,083 |