Ogunquit Memorial Library
- Assets
- $1.0m
- Revenue
- $213.4k
- Investments
- $686.3k
- Employees
- 0
- Location
- Ogunquit, ME
- Founding
- 04/1939
- Data as of
- 12/2023
- EIN
- 01-0214019
Organization Overview
Ogunquit Memorial Library is located in Ogunquit, ME. The organization was established in 1939. 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. Ogunquit 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 12/2023, Ogunquit Memorial Library generated $213.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $187.0k during the year ending 12/2023. While expenses have increased by 7.7% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FOR THE OPERATION AND MAINTENANCE OF THE PUBLIC LIBRARY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Yorke Clerk | 0 | $0 | |
Jim Oliver Trustee | 0 | $0 | |
George Cooley Trustee | 0 | $0 | |
Michael Sgambati Secretary | 0 | $0 | |
Judy Clayton Trustee | 0 | $0 | |
Tami Gilmartin Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $154,390 |
| Interest on Savings | $57 |
| Dividends & Interest | $21,817 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $36,093 |
| Capital Gain Net Income | $430 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,080 |
| Total Revenue | $213,437 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $79,536 |
| Pension plans, employee benefits | $6,084 |
| Interest | $935 |
| Taxes | $0 |
| Depreciation | $4,749 |
| Occupancy | $5,843 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $85,571 |
| Total operating and administrative expenses | $187,018 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $187,018 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,889 |
| Savings and temporary cash investments | $171,063 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $152,405 |
| Other assets | $0 |
| Total assets | $1,036,622 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $59,247 |
| Total liabilities | $59,247 |