Community Library in Lyman, Maine (ME)
Table of contents:
| Community Library | |
| Employer Identification Number (EIN) | 010494252 |
| Name of Organization | Community Library |
| Address | 10 John St, Lyman, ME 04002-7312 |
| Activities | Library |
| Subsection | Charitable Organization |
| Ruling Date | 11/1996 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2014 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $227,452 |
| Amount of Income | $104,339 |
| Form 990 Revenue Amount | $104,339 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: |
Non-representatives - add comments:
Amount of income in 2014: $104,339 (it was $73,794 in 2013)
| This organization: | $104,339 |
| Other organizations performing similar types of work: | $369,689 |
Assets in 2014: $227,452 (it was $206,284 in 2013)
| Community Library: | $227,452 |
| Other organizations performing similar types of work: | $992,794 |
Expenses in 2014: $83,171
| Community Library: | $83,171 |
| Other organizations performing similar types of work: | $276,322 |
Income to expenses ratio in 2014: 1.3
| This organization: | 1.3 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2014: 99.2%
| This organization: | 99.2% |
| Other organizations performing similar types of work: | 79.2% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total revenue | $77,574 | $73,794 | $104,339 |
| Contributions, gifts, grants, and similar amounts received | $76,623 | $73,078 | $103,537 |
| Program service revenue including government fees and contracts | $833 | $640 | $716 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $118 | $76 | $86 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $75,573 | $70,910 | $83,171 |
| Total net assets | $203,400 | $206,284 | $227,452 |
| Excess/Deficit for the year | $2,001 | $2,884 | $21,168 |
| Net assets or fund balances at beginning of year | $201,399 | $203,400 | $206,284 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $206,284 | $227,452 | |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $203,400 | $206,284 | $227,452 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $203,400 | $206,284 | $227,452 |
| Other Information | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2014) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public Support | $394,780 |
| Subtotal Support | $394,780 |
| Gifts, grants, contributions, and membership fees received | $25,715 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $369,065 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $395,591 |
| Public Support | $394,780 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $811 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Naples Public Library | 940 Roosevelt Trail, Naples, ME 04055 | ME | 1992-05 | $327,565 |
| 2 | Westport Library Assoc | Arnold Bernhard Plaza, Westport, CT 06880 | CT | 1970-01 | $8,749,496 |
| 3 | Portland Public Library | 5 Monument Sq, Portland, ME 04101-4017 | ME | 1943-01 | $6,342,808 |
| 4 | Willard Library | 7 Van Buren St W, Battle Creek, MI 49017-3009 | MI | 1998-05 | $5,641,017 |
| 5 | Northeast Harbor Library | PO BOX 279, Northeast Hbr, ME 04662-0279 | ME | 1952-12 | $3,045,210 |
| 6 | Mcarthur Library Association | 270 Main St, Biddeford, ME 04005-2413 | ME | 1942-09 | $2,724,590 |
| 7 | Jesup Memorial Library | 34 Mount Desert St, Bar Harbor, ME 04609-1727 | ME | 1945-08 | $1,694,074 |
| 8 | Brunswick Public Library Association | 23 Pleasant St, Brunswick, ME 04011-2261 | ME | 1946-05 | $1,650,460 |
| 9 | Patten Free Library | 33 Summer St, Bath, ME 04530-2632 | ME | 1934-06 | $1,598,675 |
| 10 | Dyer Library Association | 371 Main St, Saco, ME 04072-1520 | ME | 1944-09 | $1,408,311 |
| 11 | Auburn Public Library, Office Of Treasurer | 60 Court St, Auburn, ME 04210-5983 | ME | 1992-10 | $1,341,488 |
| 12 | Louis T Graves Memorial Public Library Association | PO BOX 391, Kennebunkport, ME 04046-0391 | ME | 1942-12 | $1,198,096 |
| 13 | Scarborough Public Library | 48 Gorham Rd, Scarborough, ME 04074-9501 | ME | 1979-04 | $1,105,104 |
| 14 | Wiscasset Public Library | 21 High St, Wiscasset, ME 04578-4119 | ME | 1959-12 | $596,682 |
| 15 | Skidompha Library Assoc | PO BOX 70, Damariscotta, ME 04543-0070 | ME | 1972-08 | $507,237 |
| 16 | Waldoboro Public Library | PO BOX 768, Waldoboro, ME 04572-0768 | ME | 1988-08 | $300,597 |
| 17 | Wilton Free Library Association | PO BOX 454, Wilton, ME 04294-0454 | ME | 1990-01 | $148,721 |
| 18 | Cliff Island Library Club | Po Box 117, Cliff Island, ME 04019 | ME | 1997-10 | $0 |
| 19 | Cushing Library Association | Po Box 25, Cushing, ME 04563 | ME | 1998-04 | $0 |
| 20 | William Fogg Public Library | PO BOX 359, Eliot, ME 03903-0359 | ME | 1944-05 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 584 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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