Jesup Memorial Library
- Assets
- $8.5m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 11
- Location
- Bar Harbor, ME
- Founding
- 08/1945
- Data as of
- 12/2021
- EIN
- 01-0214017
Organization Overview
Jesup Memorial Library is located in Bar Harbor, ME. The organization was established in 1945. As of 12/2021, Jesup Memorial Library employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jesup 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 12/2021, Jesup Memorial Library generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 34.0% each year . All expenses for the organization totaled $804.4k during the year ending 12/2021. While expenses have increased by 5.7% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PUBLIC LIBRARY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE JESUP SERVES AS A CONNECTION POINT OF OUR COMMUNITY. THE JESUP HOLDS MORE THAN 39,000 BOOKS IN OUR PERMANENT COLLECTION, 23,000 BOOKS AND AUDIOBOOKS TO DOWNLOAD, 1,000 BOOKS ON CD, AND 1,200 MOVIES ON DVD. THE COLLECTION INCLUDES BOOKS ON THE HISTORY OF MAINE, MDI, AND OUR LOCAL ACADIA NATIONAL PARK. WE ALSO OFFER LOCAL HISTORY RESOURCES, INCLUDING FREE ACCESS TO DIGITIZED LOCAL NEWSPAPERS DATING FROM 1881 TO 1969. ACCESS TO ANY BOOK IN THE STATE OF MAINE AND BEYOND IS AVAILABLE THROUGH THE INTERLIBRARY LOAN PROGRAM. IN ADDITION,JESUP OFFERS FREE WIFI, 4 PUBLIC-USE COMPUTERS, AND PRINTING/SCANNING. ALSO OFFERED IS FREE ONLINE ACCESS TO CERTAIN RESEARCH AND INFORMATION DATABASES FROM ANY COMPUTER OR INTERNET-ENABLED DEVICE WITHIN THE JESUP. ALSO OFFERED IS INCLUSIVE PROGRAMMING ON A VARIETY OF TOPICS. JESUP HOLDS AUTHOR TALKS ON BOTH FICTION AND NON-FICTION WORKS, BOOK SIGNINGS, CONCERTS, AND A WIDE RANTE OF INFORMATIVE PROGRAMS AND FORMATS. PROGRAMMING IS FREE TO EVERYONE AND OPEN TO ALL, THROUGHOUT THE YEAR.
JESUP'S CAPITAL CAMPAIGN WAS ABLE TO FUND STABILIZATION WORK ON THE EXISTING LIBRARY BUILDING WITH DRAINAGE IMPROVEMENTS AND BRICK REVITALIZATION. A SUBSTANTIAL GIFT IN 2021 WILL ENABLE THE LIBRARY TO BREAK GROUND IN 2023 ON THE ADDITION THAT HAS BEEN IN THE PLANNING STAGES FOR SEVERAL YEARS. THE EXPANSION WILL MODERNIZE THE LIBRARY'S SPACES, PROGRAMS, AND RESOURCES WHILE PRESERVING THE HISTORIC BUILDING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Cline Vice Chairman | OfficerTrustee | 3 | $0 |
Tom Crikelair Treasurer | OfficerTrustee | 2 | $0 |
Ronald Beard Chairman | OfficerTrustee | 2 | $0 |
Trisha Cantwell Secretary | OfficerTrustee | 1 | $0 |
Peter Nicholson Director | Trustee | 1 | $0 |
Spenser Simis Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gary Friedman & Associates Campaign Strategy | 12/30/21 | $132,000 |
Bes Lemessurier Construction | 12/30/21 | $606,779 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $248,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,890,967 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,139,467 |
| Total Program Service Revenue | $647 |
| Investment income | $99,163 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $84,718 |
| Net Income from Fundraising Events | $950 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,324,945 |
| 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 | $423,267 |
| Pension plan accruals and contributions | $8,742 |
| Other employee benefits | $8,502 |
| Payroll taxes | $33,796 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $132,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,372 |
| Advertising and promotion | $2,290 |
| Office expenses | $1,643 |
| Information technology | $25,667 |
| Royalties | $0 |
| Occupancy | $31,589 |
| Travel | $9,898 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,157 |
| Interest | $1,615 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $41,048 |
| Insurance | $13,273 |
| All other expenses | $5,233 |
| Total functional expenses | $804,380 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $242,448 |
| Savings and temporary cash investments | $1,681,745 |
| Pledges and grants receivable | $991,778 |
| 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 | $5,000 |
| Net Land, buildings, and equipment | $2,637,119 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,906,984 |
| Total assets | $8,465,074 |
| Accounts payable and accrued expenses | $15,516 |
| 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 | $15,516 |
| Net assets without donor restrictions | $5,211,839 |
| Net assets with donor restrictions | $3,237,719 |
| 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 | $8,465,074 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Jesup Memorial Library has recieved totaling $121,234.
| Awarding Organization | Amount |
|---|---|
Gladys F Oneil Charitable Tr Ellsworth, ME PURPOSE: GENERAL SUPPORT | $32,600 |
Barbara E Joy Tr Mercer Island, WA PURPOSE: PUBLIC CHARITY UNRESTRICTED GIFT | $26,099 |
Fore River Foundation Portland, ME PURPOSE: UNRESTRICTED | $25,000 |
Walking Stick Family Fund Cambridge, MA PURPOSE: CHARITABLE | $20,000 |
Jackson Laboratory Bar Harbor, ME PURPOSE: GENERAL SUPPORT | $7,500 |
Widgeon Point Charitable Foundation Stamford, CT PURPOSE: GENERAL PURPOSE | $5,000 |
Endowment Analysis
| Beg. Balance | $2,128,865 |
| Earnings | $347,511 |
| Net Contributions | $430,608 |
| Ending Balance | $2,906,984 |
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 |