Casco Library Association EIN 01-6022468 Form 990 (PDF) Claim this org

Casco Library Association

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Offers resources for lifelong learning, community connections, and intellectual freedom in a welcoming space. For fiscal year 2025 it reported $319K in revenue, $164K in expenses, and $1.5M in net assets.Pt I

Founded
1957
Type
Public charity (501(c)(3)) · Nonprofit
Location
Casco, ME
Website
www.cascopubliclibrary.org
Filings
6 on file (2020–2025)
Revenue
$319KFY2025
Expenses
$164K
Net assets
$1.5M
People
10
Filings
6
Updates
0
More identity details & actions ⌄
EIN  01-6022468 Public charity (501(c)(3)) Casco, ME Founded 1957
Form 990 (PDF)
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Size
$100K–1M
What they do
Offers resources for lifelong learning, community connections, and intellectual freedom in a welcoming space.
Leadership
Michelle Brenner · Library Director · $57K
Money in and out
$319K revenue, $164K expenses
Bottom line
54% program efficiency
Where the money goes · FY2025
Total revenue
$319K
Pt VIII · Ln 12
Total expenses
$164K
Pt IX · Ln 25
Net assets
$1.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $156K
Where spending went · Part IX cols B–D
Program services $0.54 Management & general $0.36 Fundraising $0.10
Program efficiency
54%
of spending reaches programs▲ +39% vs prior filing year
Operating runway
90.1mo
months of highly liquid reserves at operating expense rate▲ +60% vs prior filing year
Surplus margin
+49%
revenue over expenses, this year▲ +71% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$319K
FY2025▲ +5%
Expenses
$164K
FY2025▼ -24%
Total assets
$1.5M
FY2025▲ +14%
Total liabilities
$0
FY2025
Total revenue
$319K
Pt VIII · Ln 12
Total expenses
$164K
Pt IX · Ln 25
Net assets
$1.5M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$156K
Total assetsPt X · Ln 16$1.5M
Program-expense ratioPt IX · col B54%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCasco Library Association
EINHdr · item D01-6022468
Principal addressHdr · item CCasco, ME
WebsiteHdr · item Jwww.cascopubliclibrary.org
Year of formationHdr · item L1957
State of legal domicileHdr · item MME
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJan 1982

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
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
Library Director
$56,508Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Michelle Brenner$56,508$56,245$54,454$50,672$49,700$49,298

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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Mission & Programs · Part III

Where the work happens

2 program services account for $89K of program spending, described in the organization's own filed words · FY2025.
01

Circulation of library materials including books, magazines, audio-books on CD, DVDs, e-books, digital audio-books, and park/museum passes. In 2025, CPL circulated 13,556 items in our community.

$50Kprogram expense
02

Providing free educational and entertaining programs for adults, families and children. In 2025, Casco Library provided 325 programs with 3,372 participants. Offering free computer use and free open WIFI to the community. CPL provides 4 public use computers and our WIFI is on 24/7 and reaches our parking lot.

$39Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$255K · 80%
Investment income$55K · 17%
Other revenue$9K · 3%
Contributions & grants80%$255K
Investment income17%$55K
Other revenue3%$9K
Program service revenue$204
— government grantsLn 1e$96K
Total revenueLn 12$319K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.54 Management & general $0.36 Fundraising $0.10
Program services54%$89K
Management & general36%$58K
Fundraising10%$17K
Total functional expensesLn 25$164K

Balance Sheet

Part X · end of year
CashLn 1$577K
Total assetsLn 16$1.5M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.5M
Months of cash on handcomputed42.2

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.2M · Operating expenses (Pt IX) $164K · Less non-cash grants $8K · Cash operating expenses/yr $156K
90.1 months
Where the money goes
Program services
Program services $89K · Total expenses $164K
54%
Management & General
Management & general $58K · Total expenses $164K
36%
Fundraising
Fundraising $17K · Total expenses $164K
10%
Cost to raise $1
Fundraising expense (3-yr avg) $16K · Solicited contributions (3-yr avg) $175K
$0.09 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $255K · Total revenue $319K
80%
Government reliance
Government grants $96K · Total revenue $319K
30%
Earned-income share
Program service revenue $204 · Total revenue $319K
0.06%
Investment reliance
Investment income $55K · Total revenue $319K
+17%
Program self-sufficiency
Program service revenue $204 · Total expenses $164K
0.1%
Growth & trend
Revenue growth (YoY)
This year $319K · Prior year $303K
+5%
Revenue CAGR
FY2020 $149K · FY2025 $319K
+16%
Net-asset trend (YoY)
End of year $1.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $319K · Expenses $164K
+49%
Liabilities-to-Assets
Total liabilities — · Total assets $1.5M
Net-asset ratio
Net assets $1.5M · Total assets $1.5M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $595K · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $1.5M
39%
People & payroll
Highest Reported Total Compensation
Individual Michelle Brenner · Reported title Library Director · Highest reported compensation $57K · Total expenses $164K
34%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $106K · Total expenses $164K
65%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 54%
Overhead ratio 36%
Fundraising cost ratio 7%
Revenue growth 5%

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 1 funder$31K

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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)$319K revenue · viewing · ⤓ 990 PDF
FY2024$303K revenue · ⤓ 990 PDF
FY2023$511K revenue · ⤓ 990 PDF
FY2022$149K revenue · ⤓ 990 PDF
FY2021$153K revenue · ⤓ 990 PDF
FY2020$149K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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