Mark And Emily Turner Memorial Library Charitable Tr
- Assets
- $1.1m
- Revenue
- $64.5k
- Investments
- $1.1m
- Employees
- 0
- Location
- Presque Isle, ME
- Founding
- 11/1998
- Data as of
- 12/2017
- EIN
- 01-6149025
Organization Overview
Mark And Emily Turner Memorial Library Charitable Tr is located in Presque Isle, ME. The organization was established in 1998. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mark And Emily Turner Memorial Library Charitable Tr 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 12/2017, Mark And Emily Turner Memorial Library Charitable Tr generated $64.5k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 53.0% each year . All expenses for the organization totaled $19.1k during the year ending 12/2017. 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
TO HOLD THE PROPERTY PREVIOUSLY GIVEN OR DEVISED TO THE LIBRARY OR WHICH MAY BE GIVEN OR DEVISED TO THE LIBRARY IN THE FUTURE AND TO SUPPORT A STATE OF THE ART LEARNING CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGED PROPERTY GIVEN OR DEVISED TO THE MARK AND EMILY TURNER MEMORIAL LIBRARY AND SUPPORTED A STATE OF THE ART LEARNING CENTER.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lois Brewer Chairperson | OfficerTrustee | 2 | $0 |
Ed Bonenfont Treasurer | OfficerTrustee | 2 | $0 |
Cindy Thibodeau Secretary | OfficerTrustee | 1 | $0 |
John Chancelarich Trustee | Trustee | 1 | $0 |
Alice Bolstridge Trustee | Trustee | 1 | $0 |
Billie Brodsky Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,158 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,158 |
| Total Program Service Revenue | $0 |
| Investment income | $15,208 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $47,140 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $64,506 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,512 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,683 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $19,118 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,042 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,053,350 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,074,392 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unrestricted restricted net Assets | $188,426 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $885,966 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $1,074,392 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mark And Emily Turner Memorial Library Charitable Tr has recieved totaling $30.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $30 |
Endowment Analysis
| Beg. Balance | $885,966 |
| Earnings | $125,732 |
| Other Expense | $125,732 |
| Ending Balance | $885,966 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Western Maine Community Action Inc East Wilton, ME | $2,655,425 | $7,908,915 |
Midcoast Maine Community Action Bath, ME | $8,784,018 | $7,409,207 |
Gather Portsmouth, NH | $3,371,502 | $5,178,457 |
Listen Lebanon In Service To Each Neighbor Lebanon, NH | $8,445,232 | $5,474,105 |
Family Resource Center At Gorham Gorham, NH | $2,061,078 | $4,256,786 |
Second Start Concord, NH | $3,257,715 | $3,964,815 |
Knox County Homeless Coalition Rockland, ME | $2,775,608 | $3,860,914 |
Snhs Management Corporation Manchester, NH | $31,390,681 | $3,932,890 |
Topfield Foundation Inc Loudon, NH | $42,571 | $1,936,292 |
Crotched Mountain Foundation Manchester, NH | $33,417,985 | $3,858,205 |
The Front Door Agency Inc Nashua, NH | $5,544,911 | $2,115,957 |
Swimming With A Mission Inc Bedford, NH | $1,000,015 | $1,985,165 |