Waldoboro Public Library FY2020 filing

Tax-deductible

Waldoboro, ME501(c)(3)Since 1916EducationEIN 01-0329748Revenue $260K in FY2020

On file with the IRSwaldoborolibrary.orgPo Box 768, 04572-0768 · Waldoboro, METax-exempt since Aug 1988Publicly supported charity — 170(b)(1)(A)(vi)

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Operation of Public Library

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
$35K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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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
5 of 6
filings with a surplus
Average surplus $70K a year · 28% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$35K
to officers and key staff · 22% of spending
Worth a look: pay to officers and key staff is 22% of spending; over 20%.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $18K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2K
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$260K
Spent
$157K
To programs
85%
Net assets
$1.4M
By yearFY2020–FY2025
Revenue
$260K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$260K
FY2021$316K
FY2022$13K
FY2023$298K
FY2024$283K
FY2025$306K
Expenses
$157K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$157K
FY2021$160K
FY2022$176K
FY2023$180K
FY2024$187K
FY2025$200K
Net assets
$1.4M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.4M
FY2021$1.6M
FY2022$1.4M
FY2023$1.5M
FY2024$1.6M
FY2025$1.7M

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 Aug 1988.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $134K Management & general 11% · $18K Fundraising 3% · $5K

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

10 people listed on the 990; $35K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$35,048Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Cathrina Skov’s $48K as Executive Director is at the 40th percentile of top reported officer pay among 1612 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Cathrina Skov$48,490$44,317$42,238$39,379$37,491$35,048

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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Waldoboro Public Library is an education nonprofit based in Waldoboro, ME, formed in 1916.

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Provided by the organization

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1 program · $134K · in their own filed words · FY2020
01

Operation of public library

$134Kprogram 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$18K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$260K
Ln 12
Gifts and grantsLn 1h$128K
Investment incomeLn 3$114K
Other incomeLn 4–11$17K
Money outPt IX
$157K
Ln 25
Programscol B$134K
Managementcol C$18K
Fundraisingcol D$5K
Owns and owesPt X
$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$69K
Total assetsLn 16$1.4M
LiabilitiesLn 26$2K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$128K
Government grantsLn 1e$69K
Fees for servicesLn 2g$1K
Investment incomeLn 3$114K
Other incomeLn 4–11$17K
Gains on assetsLn 7$73K
Total revenueLn 12$260K
Assets in detailPt X, end of year
CashLn 1$17K
SavingsLn 2$52K
Cash and savings togetherLn 1–2$69K
InvestmentsLn 11–13$916K
Land, buildings, equipmentLn 10c$435K
Total assetsLn 16$1.4M
LiabilitiesLn 26$2K
Net assetsLn 32$1.4M
OperationsPt I, VI
EmployeesI 55
VolunteersI 642
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
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$52K$69K
InvestmentsLn 11–13$813K$916K
Land, buildings, equipmentLn 10c$452K$435K
Total assetsLn 16$1.3M$1.4M
LiabilitiesLn 26$3K$2K
Net assetsLn 32$1.3M$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$35K$19K$12K$4K
Other salaries and wagesLn 7$50K$50K$0$0
Other employee benefitsLn 9$612$612$0$0
Payroll taxesLn 10$7K$5K$938$268
Accounting feesLn 11c$540$0$540$0
Investment management feesLn 11f$4K$0$4K$0
Office expensesLn 13$2K$2K$0$0
Information technologyLn 14$5K$5K$0$0
OccupancyLn 16$17K$17K$0$0
Depreciation, depletion and amortizationLn 22$17K$17K$0$0
InsuranceLn 23$3K$3K$0$0
Other expenses (24a–d)Ln 24$13K$12K$270$1K
All other expensesLn 24e$4K$4K$30$0
Total functional expensesLn 25$157K$134K$18K$5K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $306K$200K$107K$1.7M 990 PDF
FY2024 $283K$187K$96K$1.6M 990 PDF
FY2023 $298K$180K$119K$1.5M 990 PDF
FY2022 $13K$176K−$162K$1.4M 990 PDF
FY2021 $316K$160K$156K$1.6M 990 PDF
FY2020 Viewing $260K$157K$103K$1.4M 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 $260,459 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $135,637$127,890
I-9 Program service revenuePrior year $2,802$1,412
I-10 Investment incomePrior year $144,582$114,199
I-11 Other revenuePrior year $10,092$16,958
I-12 Total revenuePrior year $293,113$260,459
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $97,733$92,765
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $68,989$64,719
I-18 Total expensesPrior year $166,722$157,484
I-19 Revenue less expensesPrior year $126,391$102,975
Part VI · Governance 9 of 9 board members independent, 3 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $260,459 across 9 lines filed
VIII-1e Government grants$68,752
VIII-1f All other contributions, gifts and grants$59,138
VIII-1h Total contributions, gifts and grants$127,890
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$1,412
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $41,623$41,623
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $72,576$72,576
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $458$458
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $16,500 · Unrelated business $0 · Excluded from tax $0$16,500
VIII-12 Total revenueRelated to mission $17,912 · Unrelated business $0 · Excluded from tax $114,657$260,459
Part IX · Statement of functional expenses $157,484 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $19,276 · Management $12,267 · Fundraising $3,505$35,048
IX-7 Other salaries and wagesPrograms $50,403 · Management $0 · Fundraising $0$50,403
IX-9 Other employee benefitsPrograms $612 · Management $0 · Fundraising $0$612
IX-10 Payroll taxesPrograms $5,496 · Management $938 · Fundraising $268$6,702
IX-11c Accounting feesPrograms $0 · Management $540 · Fundraising $0$540
IX-11f Investment management feesPrograms $0 · Management $3,929 · Fundraising $0$3,929
IX-13 Office expensesPrograms $1,897 · Management $0 · Fundraising $0$1,897
IX-14 Information technologyPrograms $4,686 · Management $0 · Fundraising $0$4,686
IX-16 OccupancyPrograms $17,086 · Management $0 · Fundraising $0$17,086
IX-22 Depreciation, depletion and amortizationPrograms $16,648 · Management $0 · Fundraising $0$16,648
IX-23 InsurancePrograms $3,063 · Management $0 · Fundraising $0$3,063
IX-24 Other expenses (24a–d)Programs $11,539 · Management $270 · Fundraising $1,289$13,098
IX-24e All other expensesPrograms $3,742 · Management $30 · Fundraising $0$3,772
IX-25 Total functional expensesPrograms $134,448 · Management $17,974 · Fundraising $5,062$157,484
Part X · Balance sheet $1,419,454 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $12,566$16,681
X-2 Savings and temporary cash investmentsStart of year $39,333$52,133
X-10c Land, buildings and equipment, netStart of year $451,766$435,118
X-11 Publicly traded securitiesStart of year $813,108$915,522
X-16 Total assetsStart of year $1,316,773$1,419,454
X-17 Accounts payable and accrued expensesStart of year $2,606$2,312
X-26 Total liabilitiesStart of year $2,606$2,312
X-27 Net assets without donor restrictionsStart of year $1,025,795$1,128,770
X-28 Net assets with donor restrictionsStart of year $288,372$288,372
X-32 Total net assets or fund balancesStart of year $1,314,167$1,417,142
X-33 Total liabilities and net assetsStart of year $1,316,773$1,419,454
Part XI · Reconciliation of net assets $1,417,142 net assets at year end
XI-1 Total revenue$260,459
XI-2 Total expenses$157,484
XI-3 Revenue less expenses$102,975
XI-4 Net assets at start of year$1,314,167
XI-10 Net assets at end of year$1,417,142

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

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