Naples Public Library EIN 01-6015247 Form 990 (PDF) Claim this org

Naples Public Library FY2023 filing

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Operates a free public library for Naples, Maine residents and visitors. For fiscal year 2023 it reported $174K in revenue, $178K in expenses, and $2.3M in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Naples, ME
Filings
6 on file (2020–2023)
Revenue
$174KFY2023
Expenses
$178K
Net assets
$2.3M
People
7
Filings
6
Updates
0
More identity details & actions ⌄
EIN  01-6015247 Public charity (501(c)(3)) Naples, ME
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Operates a free public library for Naples, Maine residents and visitors.
Leadership
John Baldwin · Trustee
Money in and out
$174K revenue, $178K expenses
Bottom line
86% program efficiency
Where the money goes · FY2023
Total revenue
$174K
Pt VIII · Ln 12
Total expenses
$178K
Pt IX · Ln 25
Net assets
$2.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$4K
Where spending went · Part IX cols B–D
Program services $0.86 Management & general $0.12 Fundraising $0.02
Program efficiency
86%
of spending reaches programs
Operating runway
103.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
-2%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$174K
FY2023▼ -22%
Expenses
$178K
FY2023▼ -4%
Total assets
$2.3M
FY2023▲ +3%
Total liabilities
$1
FY2023▼ -100%
Total revenue
$174K
Pt VIII · Ln 12
Total expenses
$178K
Pt IX · Ln 25
Net assets
$2.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$4K
Total assetsPt X · Ln 16$2.3M
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

3 program services account for $151K of program spending, described in the organization's own filed words · FY2022.
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.

$107Kprogram 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.

$19Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CNaples Public Library
EINHdr · item D01-6015247
Principal addressHdr · item CNaples, ME
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MME
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B71Z)
Ruling yearIRS BMFMay 1992

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$103K · 60%
Investment income$55K · 32%
Other revenue$11K · 7%
Program service revenue$4K · 2%
Contributions & grants60%$103K
Investment income32%$55K
Other revenue7%$11K
Program service revenue2%$4K
— government grantsLn 1e$84K
Total revenueLn 12$174K

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%$153K
Management & general12%$22K
Fundraising2%$3K
Total functional expensesLn 25$178K

Balance Sheet

Part X · end of year
CashLn 1$50K
Total assetsLn 16$2.3M
Total liabilitiesLn 26$1
Total net assetsLn 32$2.3M
Months of cash on handcomputed3.4

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.5M · Operating expenses/yr $178K
103.5 months
Where the money goes
Program services
Program services $153K · Total expenses $178K
86%
Management & General
Management & general $22K · Total expenses $178K
12%
Fundraising
Fundraising $3K · Total expenses $178K
2%
Cost to raise $1
Fundraising expense (3-yr avg) $3K · Solicited contributions (3-yr avg) $29K
$0.10 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $103K · Total revenue $174K
60%
Government reliance
Government grants $84K · Total revenue $174K
48%
Earned-income share
Program service revenue $4K · Total revenue $174K
2%
Investment reliance
Investment income $55K · Total revenue $174K
+32%
Program self-sufficiency
Program service revenue $4K · Total expenses $178K
2%
Growth & trend
Revenue growth (YoY)
This year $174K · Prior year $222K
-22%
Net-asset trend (YoY)
End of year $2.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $174K · Expenses $178K
-2%
Liabilities-to-Assets
Total liabilities — · Total assets $2.3M
Net-asset ratio
Net assets $2.3M · Total assets $2.3M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.5M · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $2.3M
65%
People & payroll
Highest Reported Total Compensation
Individual John Baldwin · Reported title Trustee · Highest reported compensation $0 · Total expenses $178K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $100K · Total expenses $178K
56%
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 3%
Revenue growth -22%
Investment management fee ratio 0.4%
Legal fee ratio 0%
Accounting fee ratio 0.8%
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.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$2K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$314K revenue · ⤓ 990 PDF
FY2024$262K revenue · ⤓ 990 PDF
FY2023$174K revenue · viewing · ⤓ 990 PDF
FY2022$222K revenue · ⤓ 990 PDF
FY2021$214K revenue · ⤓ 990 PDF
FY2020$208K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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