Simpson Memorial Library
- Assets
- $313.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Carmel, ME
- Founding
- 06/2009
- Data as of
- 12/2023
- EIN
- 01-0436781
Organization Overview
Simpson Memorial Library is located in Carmel, ME. The organization was established in 2009. 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. Simpson 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, Simpson Memorial Library generated $79.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $37.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
LIBRARY AND READING PROGRAMS FOR APPOX 5500 TRANSACTIONS FOR A CUMMUNITY OF 2790 POPULATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Elliott Ward President | 10 | $0 | |
Linda Ricker Vice President | 3 | $0 | |
Wilbur Senter Treasurer | 10 | $0 | |
Sue Kircheis Secretary | 3 | $0 | |
Eric Goodale Director | 3 | $0 | |
Evie Smith Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,392 |
| Total Program Service Revenue | $34,269 |
| Membership dues | $0 |
| Investment income | $28,966 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $79,627 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $18,962 |
| Professional fees and other payments to independent contractors | $1,525 |
| Occupancy, rent, utilities, and maintenance | $11,794 |
| Printing, publications, postage, and shipping | $1,238 |
| Other expenses | $3,821 |
| Total expenses | $37,340 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $312,970 |
| Other assets | $0 |
| Total assets | $312,970 |
| Total liabilities | $0 |
| Net assets or fund balances | $312,970 |