Peabody Memorial Library FY2020 filing

Tax-deductible

Jonesport, ME501(c)(3)Since 1915EIN 01-0318866Revenue $40K in FY2020

On file with the IRSpeabody.lib.me.us162 Main St, 04649-0000 · Jonesport, METax-exempt since Apr 1973Publicly supported charity — 170(b)(1)(A)(vi)

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Our mission is to provide services cultural activities technology education and to act as a social resource to improve the quality of life in our area

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
$20K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $441 a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$20K
to officers and key staff · 42% of spending
Concern: pay to officers and key staff is 42% of spending; over 30%.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 7.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$40K
Spent
$48K
To programs
99%
Net assets
$679K
By yearFY2020–FY2025
Revenue
$40K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$40K
FY2021$43K
FY2022$53K
FY2023$77K
FY2024$56K
FY2025$84K
Expenses
$48K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$48K
FY2021$50K
FY2022$47K
FY2023$56K
FY2024$74K
FY2025$76K
Net assets
$679K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$679K
FY2021$694K
FY2022$700K
FY2023$618K
FY2024$697K
FY2025$743K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1973.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $48K Management & general 1% · $356

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990; $20K paid to officers and key staff.

Part VII, Section A · reportable compensation
Librarian
$20,384Pt VII · Sec A
President
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Heidi Hinkley$20,574$22,013$22,649$19,475$20,010$20,384

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Improves local quality of life through services, culture, and tech education.

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Provided by the organization

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1 program · $48K · in their own filed words · FY2020
01

The Peabody Memorial Library provides a free library available to the public in Jonesport, Beals, and Addison, Maine. It also provides cultural activities, adult education, and children's programs aimed to instill a life-long love of learning.

$48Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$5K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$40K
Ln 12
Gifts and grantsLn 1h$38K
Investment incomeLn 3$2K
Money outPt IX
$48K
Ln 25
Programscol B$48K
Managementcol C$356
Owns and owesPt X
$679K
net assets · Ln 32
Cash and savingsLn 1–2$30K
Total assetsLn 16$679K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$38K
Government grantsLn 1e$30K
Investment incomeLn 3$2K
Total revenueLn 12$40K
Assets in detailPt X, end of year
SavingsLn 2$30K
Cash and savings togetherLn 1–2$30K
InvestmentsLn 11–13$563K
Land, buildings, equipmentLn 10c$86K
Total assetsLn 16$679K
LiabilitiesLn 26$0
Net assetsLn 32$679K
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$31K$30K
InvestmentsLn 11–13$494K$563K
Land, buildings, equipmentLn 10c$89K$86K
Total assetsLn 16$615K$679K
LiabilitiesLn 26$0$0
Net assetsLn 32$615K$679K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$20K$20K$0$0
Payroll taxesLn 10$2K$2K$0$0
Investment management feesLn 11f$4K$4K$0$0
Office expensesLn 13$326$0$326$0
Depreciation, depletion and amortizationLn 22$3K$3K$0$0
InsuranceLn 23$3K$3K$0$0
Other expenses (24a–d)Ln 24$15K$15K$0$0
All other expensesLn 24e$515$485$30$0
Total functional expensesLn 25$48K$48K$356$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $84K$76K$8K$743K 990 PDF
FY2024 $56K$74K−$17K$697K 990 PDF
FY2023 $77K$56K$21K$618K 990 PDF
FY2022 $53K$47K$6K$700K 990 PDF
FY2021 $43K$50K−$7K$694K 990 PDF
FY2020 Viewing $40K$48K−$8K$679K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $40,007 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $37,343$38,139
I-9 Program service revenue$0
I-10 Investment incomePrior year $2,909$1,868
I-11 Other revenue$0
I-12 Total revenuePrior year $40,252$40,007
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $22,154$21,943
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $26,364$26,029
I-18 Total expensesPrior year $48,518$47,972
I-19 Revenue less expensesPrior year −$8,266−$7,965
Part VI · Governance 13 of 13 board members independent, 5 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $40,007 across 5 lines filed
VIII-1e Government grants$29,920
VIII-1f All other contributions, gifts and grants$8,219
VIII-1h Total contributions, gifts and grants$38,139
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$1,868
VIII-12 Total revenueRelated to mission $1,868 · Unrelated business $0 · Excluded from tax $0$40,007
Part IX · Statement of functional expenses $47,972 across 8 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $20,384 · Management $0 · Fundraising $0$20,384
IX-10 Payroll taxesPrograms $1,559 · Management $0 · Fundraising $0$1,559
IX-11f Investment management feesPrograms $4,082 · Management $0 · Fundraising $0$4,082
IX-13 Office expensesPrograms $0 · Management $326 · Fundraising $0$326
IX-22 Depreciation, depletion and amortizationPrograms $3,356 · Management $0 · Fundraising $0$3,356
IX-23 InsurancePrograms $3,085 · Management $0 · Fundraising $0$3,085
IX-24 Other expenses (24a–d)Programs $14,665 · Management $0 · Fundraising $0$14,665
IX-24e All other expensesPrograms $485 · Management $30 · Fundraising $0$515
IX-25 Total functional expensesPrograms $47,616 · Management $356 · Fundraising $0$47,972
Part X · Balance sheet $679,250 assets, 7 lines filed
X-2 Savings and temporary cash investmentsStart of year $31,384$30,424
X-10c Land, buildings and equipment, netStart of year $89,495$86,139
X-11 Publicly traded securitiesStart of year $493,963$562,687
X-16 Total assetsStart of year $614,842$679,250
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $614,842$679,250
X-33 Total liabilities and net assetsStart of year $614,842$679,250
Part XI · Reconciliation of net assets $679,250 net assets at year end
XI-1 Total revenue$40,007
XI-2 Total expenses$47,972
XI-3 Revenue less expenses−$7,965
XI-4 Net assets at start of year$614,842
XI-5 Net unrealized gains (losses) on investments$72,373
XI-10 Net assets at end of year$679,250

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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