Casco Library Association FY2020 filing

Casco, ME · Public charity (501(c)(3)) · Since 1957

✓ Tax-deductible
Revenue
$149K
Spent
$113K
To programs
64%
Net assets
$818K
By yearFY2020–FY2025
Revenue
$149K
FY2020
Revenue by fiscal year
FY2020$149K
FY2021$153K
FY2022$149K
FY2023$511K
FY2024$303K
FY2025$319K
Expenses
$113K
FY2020
Expenses by fiscal year
FY2020$113K
FY2021$116K
FY2022$139K
FY2023$200K
FY2024$216K
FY2025$164K
Net assets
$818K
FY2020
Net assets by fiscal year
FY2020$818K
FY2021$866K
FY2022$787K
FY2023$1.2M
FY2024$1.4M
FY2025$1.5M

From the FY2020 Form 990 · see the original

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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?
Yes — filed FY2025
Legal name (IRS)Hdr · item CCasco Library Association
EINHdr · item D01-6022468
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJan 1982
Year of formationHdr · item L1957
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CCasco, ME
NTEE classificationIRS BMFNonprofit
WebsiteHdr · item Jwww.cascopubliclibrary.org

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 $0.64 Management & general $0.29 Fundraising $0.07
Program services64%$72K
Management & general29%$32K
Fundraising7%$8K
Total functional expensesLn 25$113K

Financial health

Is it on solid ground?

Program efficiency
64%
of spending reaches programs
Operating runway
54.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
+24%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total assets
$818K
FY2020
Total assets by fiscal year
FY2020$818K
FY2021$866K
FY2022$787K
FY2023$1.2M
FY2024$1.4M
FY2025$1.5M
Total liabilities
$0
FY2020
Total liabilities by fiscal year
FY2020$0
FY2021$0
FY2022$0
FY2023$0
FY2024$0
FY2025$0
Revenue less expensesPt I · Ln 19$36K
Total assetsPt X · Ln 16$818K
Program-expense ratioPt IX · col B64%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Balance Sheet

Part X · end of year
CashLn 1$116K
Total assetsLn 16$818K
Total liabilitiesLn 26$0
Total net assetsLn 32$818K
Months of cash on handcomputed12.4

Statement of Revenue

Part VIII
Contributions & grants$127K · 85%
Investment income$20K · 14%
Other revenue$2K · 1%
Contributions & grants85%$127K
Investment income14%$20K
Other revenue1%$2K
Program service revenue$246
— government grantsLn 1e$87K
Total revenueLn 12$149K

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $506K · Operating expenses (Pt IX) $113K · Less non-cash grants $1K · Cash operating expenses/yr $111K
54.5 months
Where the money goes
Program services
Program services $72K · Total expenses $113K
64%
Management & General
Management & general $32K · Total expenses $113K
29%
Fundraising
Fundraising $8K · Total expenses $113K
7%
Cost to raise $1
Fundraising expense $8K · Solicited contributions $39K
$0.21 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $127K · Total revenue $149K
85%
Government reliance
Government grants $87K · Total revenue $149K
59%
Earned-income share
Program service revenue $246 · Total revenue $149K
0.2%
Investment reliance
Investment income $20K · Total revenue $149K
+14%
Program self-sufficiency
Program service revenue $246 · Total expenses $113K
0.2%
Growth & trend
Revenue growth (YoY)
This year $149K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $818K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $149K · Expenses $113K
+24%
Liabilities-to-Assets
Total liabilities — · Total assets $818K
—
Net-asset ratio
Net assets $818K · Total assets $818K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $390K · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $818K
48%
People & payroll
Highest Reported Total Compensation
Individual Michelle Brenner · Reported title Library Director · Highest reported compensation $49K · Total expenses $113K
44%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $84K · Total expenses $113K
74%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 64%——
Overhead ratio 29%——
Fundraising cost ratio 6%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 0%——
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
Library Director
$49,298Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$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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Governance & Policies

Part VI
  • 9Voting board membersPt VI · Ln 1a
  • 9Independent 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 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Offers resources for lifelong learning, community connections, and intellectual freedom in a welcoming space.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

3 program services account for $72K of program spending, described in the organization's own filed words · FY2020.
01

Circulation of library materials including books, magazines, audio-books on CD, DVDs, e-books, digital audio-books, and park/museum passes. In 2020, CPL circulated 11,290 items in our community.

$47Kprogram expense
02

Providing free educational and entertaining programs for adults, families and children. In 2020, Casco Library provided 84 programs with 604 participants.

$19Kprogram expense
03

Offering free computer use and free open WIFI to the community. CPL provides 5 public use computers and our WIFI is on 24/7 and reaches our parking lot. In 2020, CPL had 158 patron computer sessions and approximately 1,378 wireless sessions.

$6Kprogram 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 1 funder$31K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $319K$164K+5% 990 PDF
FY2024 $303K$216K-41% 990 PDF
FY2023 $511K$200K+242% 990 PDF
FY2022 $149K$139K-2% 990 PDF
FY2021 $153K$116K+3% 990 PDF
FY2020 Viewing $149K$113K 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

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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