Skidompha Library Assoc
- Assets
- $4.6m
- Revenue
- $652.0k
- Investments
- $0.0
- Employees
- 11
- Location
- Damariscotta, ME
- Founding
- 08/1972
- Data as of
- 06/2022
- EIN
- 01-0228297
Organization Overview
Skidompha Library Assoc is located in Damariscotta, ME. The organization was established in 1972. As of 06/2022, Skidompha Library Assoc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Skidompha Library Assoc 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, Skidompha Library Assoc generated $652.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $683.8k during the year ending 06/2022. While expenses have increased by 4.0% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PUBLIC LIBRARY SKIDOMPHA LIBRARY SUPPORTS AND ENRICHES OUR COMMUNITIES BY FOSTERING LITERACY
Describe the Organization's Program Activity:
PROVIDE PUBLIC LIBRARY SERVICES TO DAMARISCOTTA, NEWCASTLE, NOBLEBORO
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Graff Evecutive Dir | Officer | 40 | $68,181 |
Martha Kennedy Secretary | OfficerTrustee | 2 | $0 |
Katie Rethman Treasurer | OfficerTrustee | 4 | $0 |
Karen Filler Chair Person | OfficerTrustee | 4 | $0 |
Katherine Flor Vice Chair | OfficerTrustee | 4 | $0 |
Paul Mathews Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $7,782 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $157,025 |
| All other contributions, gifts, grants, and similar amounts not included above | $186,677 |
| Noncash contributions included in lines 1a–1f | $334 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $351,484 |
| Total Program Service Revenue | $161,978 |
| Investment income | $41,648 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $5,333 |
| Net Rental Income | $30,902 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $60,620 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $651,965 |
| 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. | $71,370 |
| Compensation of current officers, directors, key employees. | $64,233 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $219,243 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,821 |
| Payroll taxes | $23,853 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $732 |
| Fees for services: Accounting | $14,021 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $9,331 |
| Fees for services: Investment Management | $10,991 |
| Fees for services: Other | $0 |
| Advertising and promotion | $948 |
| Office expenses | $44,083 |
| Information technology | $21,695 |
| Royalties | $0 |
| Occupancy | $101,619 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,688 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $77,278 |
| Insurance | $3,584 |
| All other expenses | $0 |
| Total functional expenses | $683,827 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $196,839 |
| Savings and temporary cash investments | $14,347 |
| 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 | $1,000 |
| Net Land, buildings, and equipment | $2,700,538 |
| Investments—publicly traded securities | $1,731,516 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,644,240 |
| Accounts payable and accrued expenses | $17,099 |
| 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 | $166,632 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $183,731 |
| Net assets without donor restrictions | $3,562,649 |
| Net assets with donor restrictions | $897,860 |
| 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 | $4,644,240 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Skidompha Library Assoc has recieved totaling $106,489.
| Awarding Organization | Amount |
|---|---|
Anonimo Foundation Damariscotta, ME PURPOSE: OPERATIONS SUPPORT | $59,000 |
Burns Family Foundation Inc Damariscotta, ME PURPOSE: SUPPORT OF OPERATIONS | $28,998 |
Clover C Clark Tr 10 101230022380 Brooklyn, OH PURPOSE: GENERAL OPERATING | $15,400 |
John T Gorman Foundation Portland, ME PURPOSE: TO INCREASE ACCESS TO YOUTH AND ADOLESCENT MENTAL HEALTH | $2,500 |
Reny Charitable Fndtn Tr Ua 010193 Gr Robert H & Carolyn D Reny Newcastle, ME PURPOSE: UNRESTRICTED | $500 |
Gertrude C And William R Jones Trust Brooklyn, OH PURPOSE: GENERAL OPERATING | $61 |
Endowment Analysis
| Beg. Balance | $1,635,342 |
| Earnings | -$160,373 |
| Net Contributions | $10,312 |
| Ending Balance | $1,485,281 |
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 |