Northeast Harbor Library
- Assets
- $11.7m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 13
- Location
- Northeast Harbor, ME
- Founding
- 12/1952
- Data as of
- 12/2021
- EIN
- 01-0220091
Organization Overview
Northeast Harbor Library is located in Northeast Harbor, ME. The organization was established in 1952. As of 12/2021, Northeast Harbor Library employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northeast Harbor 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, Northeast Harbor Library generated $1.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $649.9k during the year ending 12/2021. 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
THE NORTHEAST HARBOR LIBRARY SERVES EVERYONE FROM THE TOWN OF MOUNT DESERT, THE TOWN OF CRANBERRY ISLES AND THEIR SURROUNDING COMMUNITIES, WHO SEEK INFORMATION, ENLIGHTENMENT, AND THE PLEASURE THAT COMES FROM THE LIFE OF THE MIND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC LIBRARY PROVIDING BOOKS AND RELATED SERVICES TO SUPPORT THE SURROUNDING COMMUNITIES AND LOCAL SCHOOL.
SCHOLARSHIP AWARDS FOR THE TOWN OF MOUNT DESERT AND TOWN OF CRANBERRY ISLES GRADUATES OF MOUNT DESERT ISLAND HIGH SCHOOL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arthur Martinez President | OfficerTrustee | 1 | $0 |
Pete Rogers Secretary | OfficerTrustee | 1 | $0 |
Donald Graves Treasurer | OfficerTrustee | 1 | $0 |
Joelle Nolan Vice Preside | OfficerTrustee | 1 | $0 |
Ellen Shafer Trustee | Trustee | 0.5 | $0 |
John Favour Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $74,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $448,571 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $523,071 |
| Total Program Service Revenue | $15,032 |
| Investment income | $243,487 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $236,836 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,018,426 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $65,500 |
| 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 | $248,911 |
| Pension plan accruals and contributions | $22,427 |
| Other employee benefits | $20,845 |
| Payroll taxes | $20,125 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,025 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $35,127 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,394 |
| Information technology | $8,340 |
| Royalties | $0 |
| Occupancy | $41,102 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $140,603 |
| Insurance | $8,416 |
| All other expenses | $0 |
| Total functional expenses | $649,900 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $822,643 |
| Pledges and grants receivable | $11,200 |
| 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 | $2,581 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,787,875 |
| Investments—publicly traded securities | $8,082,778 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,707,277 |
| Accounts payable and accrued expenses | $13,288 |
| 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 | $13,288 |
| Net assets without donor restrictions | $8,391,735 |
| Net assets with donor restrictions | $3,302,254 |
| 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 | $11,707,277 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that Northeast Harbor Library has recieved totaling $76,297.
| Awarding Organization | Amount |
|---|---|
Diana Davis Spencer Foundation Bethesda, MD PURPOSE: SCHOLARSHIP PROGRAM | $25,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $11,975 |
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Libraries | $10,322 |
Diana Davis Spencer Foundation Bethesda, MD PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Mitchell P Rales Family Foundation Potomac, MD PURPOSE: GENERAL SUPPORT | $5,000 |
The Uplands Family Foundation Belvedere, CA PURPOSE: PROMOTES LITERACY AND ACCESS TO BOOKS | $4,000 |
Endowment Analysis
| Beg. Balance | $7,007,861 |
| Earnings | $1,198,467 |
| Admin Expense | $35,232 |
| Net Contributions | $53,387 |
| Other Expense | $139,205 |
| Grants | $2,500 |
| Ending Balance | $8,082,778 |
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 |