Friends Of The Maple Lake Library
- Assets
- $276.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Maple Lake, MN
- Founding
- 03/2008
- Data as of
- 12/2023
- EIN
- 14-1986009
Organization Overview
Friends Of The Maple Lake Library is located in Maple Lake, MN. The organization was established in 2008. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Friends Of The Maple Lake 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, Friends Of The Maple Lake Library generated $64.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $46.7k during the year ending 12/2023. While expenses have increased by 7.3% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
CONTINUED TO OPERATE A LIBRARY IN MAPLE LAKE THAT: PROVIDES SERVICES FOR PEOPLE OF ALL AGES AND INCOME LEVELS; OFFERS A SOURCE OF FREE INTERNET ACCESS; ESTABLISHES PROGRAMS FOR CHILDREN AND TEENS INCLUDING A MONTHLY BOOK CLUB, BOOKS WITH BOONE, KINDER STORYTIME, PRESCHOOL STORYTIME, AND SUMMER R&R; FURNISHES RESOURCES FOR STUDENT USE OUTSIDE OF SCHOOL HOURS; AND IS A LOCATION FOR THE PRESERVATION OF LOCAL HISTORY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lorie Hegle President | 2 | $0 | |
Lisa Johnson Vice President | 1 | $0 | |
Linda Rassat Secretary | 4 | $0 | |
Joan Paumen Treasurer | 4 | $0 | |
Lynn Kissock Director | 1 | $0 | |
Mike Messina Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,096 |
| Total Program Service Revenue | $1,163 |
| Membership dues | $0 |
| Investment income | $8,688 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $19,866 |
| Other Revenue | $0 |
| Total Revenue | $64,813 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $870 |
| Occupancy, rent, utilities, and maintenance | $31,304 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $14,514 |
| Total expenses | $46,688 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $235,226 |
| Other assets | $0 |
| Total assets | $276,675 |
| Total liabilities | $0 |
| Net assets or fund balances | $276,675 |