Naples Public Library FY2022 filing

Naples, ME · Public charity (501(c)(3)) · Education

✓ Tax-deductible
Revenue
$222K
+3% vs prior year
Spent
$185K
To programs
86%
Net assets
$2.2M
By yearFY2020–FY2025
Revenue
$222K
FY2022▲ +3%
Revenue by fiscal year
FY2020$208K
FY2021$214K
FY2022$222K
FY2023$174K
FY2024$262K
FY2025$314K
Expenses
$185K
FY2022▲ +15%
Expenses by fiscal year
FY2020$166K
FY2021$162K
FY2022$185K
FY2023$178K
FY2024$193K
FY2025$200K
Net assets
$2.2M
FY2022▼ -7%
Net assets by fiscal year
FY2020$2.1M
FY2021$2.4M
FY2022$2.2M
FY2023$2.3M
FY2024$2.5M
FY2025$2.6M

From the FY2022 Form 990 (year ending June 2022) · see the original

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2025 (typical filing lag)
Legal name (IRS)Hdr · item CNaples Public Library
EINHdr · item D01-6015247
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMay 1992
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CNaples, ME
NTEE classificationIRS BMFEducation (B71Z)

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.12 Fundraising $0.02
Program services86%$159K
Management & general12%$23K
Fundraising2%$3K
Total functional expensesLn 25$185K

Financial health

Is it on solid ground?

Program efficiency
86%
of spending reaches programs
Operating runway
95.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
+16%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$2.2M
FY2022▼ -6%
Total assets by fiscal year
FY2020$2.1M
FY2021$2.4M
FY2022$2.2M
FY2023$2.3M
FY2024$2.5M
FY2025$2.6M
Total liabilities
$325
FY2022
Total liabilities by fiscal year
FY2020$0
FY2021$0
FY2022$325
FY2023$1
FY2024$1K
FY2025$2K
Revenue less expensesPt I · Ln 19$36K
Total assetsPt X · Ln 16$2.2M
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Balance Sheet

Part X · end of year
CashLn 1$47K
Total assetsLn 16$2.2M
Total liabilitiesLn 26$325
Total net assetsLn 32$2.2M
Months of cash on handcomputed3.0

Statement of Revenue

Part VIII
Contributions & grants$134K · 61%
Investment income$72K · 33%
Other revenue$11K · 5%
Program service revenue$3K · 1%
Contributions & grants61%$134K
Investment income33%$72K
Other revenue5%$11K
Program service revenue1%$3K
— government grantsLn 1e$82K
Total revenueLn 12$222K

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.5M · Operating expenses/yr $185K
95.5 months
Where the money goes
Program services
Program services $159K · Total expenses $185K
86%
Management & General
Management & general $23K · Total expenses $185K
12%
Fundraising
Fundraising $3K · Total expenses $185K
2%
Cost to raise $1
Fundraising expense (3-yr avg) $3K · Solicited contributions (3-yr avg) $27K
$0.10 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $134K · Total revenue $222K
61%
Government reliance
Government grants $82K · Total revenue $222K
37%
Earned-income share
Program service revenue $3K · Total revenue $222K
1%
Investment reliance
Investment income $72K · Total revenue $222K
+33%
Program self-sufficiency
Program service revenue $3K · Total expenses $185K
2%
Growth & trend
Revenue growth (YoY)
This year $222K · Prior year $214K
+3%
Net-asset trend (YoY)
End of year $2.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $222K · Expenses $185K
+16%
Liabilities-to-Assets
Total liabilities — · Total assets $2.2M
—
Net-asset ratio
Net assets $2.2M · Total assets $2.2M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.4M · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $2.2M
64%
People & payroll
Highest Reported Total Compensation
Individual John Baldwin · Reported title Trustee · Highest reported compensation $0 · Total expenses $185K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $100K · Total expenses $185K
54%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 86%——
Overhead ratio 12%——
Fundraising cost ratio 2%——
Revenue growth 3%——
Investment management fee ratio 0.5%——
Legal fee ratio 0%——
Accounting fee ratio 0.9%——
Fundraising fee ratio 0%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Naples Public Library executive salaries →

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Governance & Policies

Part VI
  • 6Voting board membersPt VI · Ln 1a
  • 6Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Operates a free public library for Naples, Maine residents and visitors.

Provided by the organization

This section is blank until Naples Public Library claims this page.

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Mission & Programs · Part III

Where the work happens

3 program services account for $158K of program spending, described in the organization's own filed words · FY2021.
01

Maintain trained library staff to operate the LIBRARY.SOLICIT, train, direct, and motivate numerous volunteers. Assist patrons in selection of books and media. Provide reference services for patrons inquiries.

$111Kprogram expense
02

Maintain building structure and equipment including public access computer NETWORK.PROVIDE free wired and wireless public access to the INTERNET.PROVIDE necessary utilities to HEAT/COOL and light the building and ENVIRONS.PROVIDE safe meeting environment for free community use.

$26Kprogram expense
03

Purchase and accept as gifts books, and media for free loan to the PUBLIC.ORGANIZE, shelve, and protect over 44,000 items for public display.

$21Kprogram expense

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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 2 funders$2K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $314K$200K+20% 990 PDF
FY2024 $262K$193K+51% 990 PDF
FY2023 $174K$178K-22% 990 PDF
FY2022 Viewing $222K$185K+3% 990 PDF
FY2021 $214K$162K+3% 990 PDF
FY2020 $208K$166K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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