Patten Free Library
- Assets
- $10.4m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 29
- Location
- Bath, ME
- Founding
- 06/1934
- Data as of
- 06/2022
- EIN
- 01-0211539
Organization Overview
Patten Free Library is located in Bath, ME. The organization was established in 1934. As of 06/2022, Patten Free Library employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Patten Free 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, Patten Free Library generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $1.0m during the year ending 06/2022. While expenses have increased by 3.6% 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 PATTEN FREE LIBRARY TRANSFORMS LIVES, INSPIRES LIFELONG LEARNING, PRESERVES LOCAL HISTORY, AND BUILDS COMMUNITY THROUGH JOYFUL, CREATIVE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LIBRARY PROVIDES A FULL RANGE OF LIBRARY SERVICES FREE TO THE PUBLIC OF THE FIVE COMMUNITIES SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julia Debery Treasurer | OfficerTrustee | 3 | $0 |
Karl Albrecht Trustee & Vice President | OfficerTrustee | 1 | $0 |
Richard Kessler President | OfficerTrustee | 5 | $0 |
Dawn Lee Vice President & Trustee | OfficerTrustee | 1 | $0 |
Mary Ellen Kazimer Secretary & Trustee | OfficerTrustee | 1 | $0 |
Sheryl Ritchie Trustee | Trustee | 1 | $0 |
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 | $629,144 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $629,144 |
| Total Program Service Revenue | $62,125 |
| Investment income | $601,297 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $122,772 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,415,338 |
| 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. | $78,053 |
| Compensation of current officers, directors, key employees. | $78,053 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $441,949 |
| Pension plan accruals and contributions | $28,331 |
| Other employee benefits | $43,723 |
| Payroll taxes | $42,141 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,877 |
| 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 | $25,970 |
| Information technology | $39,418 |
| Royalties | $0 |
| Occupancy | $103,852 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,260 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $77,601 |
| Insurance | $17,202 |
| All other expenses | $23,042 |
| Total functional expenses | $1,047,955 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $177,791 |
| 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 | $1,754,782 |
| Investments—publicly traded securities | $7,533,181 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $976,594 |
| Total assets | $10,442,348 |
| Accounts payable and accrued expenses | $6,653 |
| 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 | $6,653 |
| Net assets without donor restrictions | $7,233,954 |
| Net assets with donor restrictions | $3,201,741 |
| 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 | $10,442,348 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Patten Free Library has recieved totaling $80,295.
| Awarding Organization | Amount |
|---|---|
Frank A Givin Charitable Tr Bath, ME PURPOSE: GENERAL SUPPORT | $51,580 |
Gladys & Roland Harriman Foundation New York, NY PURPOSE: GENERAL SUPPORT | $20,000 |
Merrymeeting Bay Tr Arrowsic, ME PURPOSE: Science Ed. Programming | $5,000 |
Tabell Fam Foundation Tr West Bath, ME PURPOSE: GENERAL | $2,000 |
James And Betty Jacobs Fam Charitable Tr West Bath, ME PURPOSE: DONATION | $1,000 |
Reny Charitable Fndtn Tr Ua 010193 Gr Robert H & Carolyn D Reny Newcastle, ME PURPOSE: UNRESTRICTED | $500 |
Endowment Analysis
| Beg. Balance | $9,496,035 |
| Earnings | -$1,612,854 |
| Other Expense | $350,000 |
| Ending Balance | $7,533,181 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Portland Public Library Portland, ME | $16,295,228 | $9,283,612 |
Brunswick Public Library Association Brunswick, ME | $4,573,587 | $2,568,620 |
Scarborough Public Library Scarborough, ME | $2,438,675 | $1,994,735 |
Auburn Public Library Auburn, ME | $5,986,065 | $1,411,644 |
Mcarthur Library Association Biddeford, ME | $6,852,338 | $1,542,139 |
Patten Free Library Bath, ME | $10,442,348 | $1,415,338 |
Falmouth Memorial Library Association Falmouth, ME | $4,237,276 | $754,960 |
Dyer Library Association Saco, ME | $3,666,585 | $1,182,445 |
Jesup Memorial Library Bar Harbor, ME | $8,465,074 | $2,324,945 |
Blue Hill Public Library Inc Blue Hill, ME | $11,273,256 | $1,954,508 |
Skidompha Library Assoc Damariscotta, ME | $4,644,240 | $651,965 |
Northeast Harbor Library Northeast Harbor, ME | $11,707,277 | $1,018,426 |