To maintain a library proving lending services to all residents of Monhegan Island, ME.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Run by 55 volunteers and 8 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
4 of 5
filings with a surplus
Average surplus $12K a year · 20% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
1 mo
of spending, in cash
Plus $927K in investments, Pt X · Ln 11–13
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $150
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1K
0.1% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$94K
+43% vs prior year
Spent
$52K
To programs
90%
Net assets
$990K
By yearFY2021–FY2025
Revenue
$94K
FY2025▲ +43%
Tap a bar for its year
Revenue by fiscal year
FY2021$43K
FY2022$41K
FY2023$51K
FY2024$65K
FY2025$94K
Expenses
$52K
FY2025▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2021$41K
FY2022$43K
FY2023$50K
FY2024$50K
FY2025$52K
Net assets
$990K
FY2025▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2021$874K
FY2022$773K
FY2023$828K
FY2024$928K
FY2025$990K

From the FY2025 Form 990 (year ending June 2025) · see the original

990 PDF Claim

Is it real?

Yes. Exemption reinstated (2010-11-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Nov 2012.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $46K Management & general 10% · $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

12 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Monhegan Memorial Library executive salaries →

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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

Provides library lending services to all Monhegan Island residents.

Questions for Monhegan Memorial Library

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1 program · $46K · in their own filed words · FY2024
01

Provide lending services, copy services and other services needed in the community of Monhegan Island, ME.

$46Kprogram 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 · FY2022
Total grants receivedfrom 1 funder$150

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$94K
Ln 12
Investment incomeLn 3$64K
Gifts and grantsLn 1h$21K
Other incomeLn 4–11$8K
Money outPt IX
$52K
Ln 25
Programscol B$46K
Managementcol C$5K
Owns and owesPt X
$990K
net assets · Ln 32
Cash and savingsLn 1–2$4K
Total assetsLn 16$991K
LiabilitiesLn 26$1K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$21K
Fees for servicesLn 2g$764
Investment incomeLn 3$64K
Other incomeLn 4–11$8K
Gains on assetsLn 7$39K
Total revenueLn 12$94K
Assets in detailPt X, end of year
CashLn 1$4K
SavingsLn 2$0
Cash and savings togetherLn 1–2$4K
InvestmentsLn 11–13$927K
Land, buildings, equipmentLn 10c$60K
Other assetsLn 15$0
Total assetsLn 16$991K
LiabilitiesLn 26$1K
Net assetsLn 32$990K
OperationsPt I, VI
EmployeesI 58
VolunteersI 655
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$21K$4K
InvestmentsLn 11–13$847K$927K
Land, buildings, equipmentLn 10c$61K$60K
Total assetsLn 16$929K$991K
LiabilitiesLn 26$1K$1K
Net assetsLn 32$928K$990K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$28K$25K$3K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$2K$2K$213
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$3K$3K$284
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$2K$2K$179
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$3K$3K$289
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$319$287$32
InsuranceLn 23$4K$3K$371
Other expenses (24a–d)Ln 24$8K$8K$848
All other expensesLn 24e$1K$1K$145
Total functional expensesLn 25$52K$46K$5K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $94K$52K$42K$990K 990 PDF
FY2024 $65K$50K$16K$928K 990 PDF
FY2023 $51K$50K$952$828K 990 PDF
FY2022 $41K$43K−$1K$773K 990 PDF
FY2021 $43K$41K$2K$874K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $93,631 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $18,649$21,215
I-9 Program service revenuePrior year $11,801$764
I-10 Investment incomePrior year $21,547$63,550
I-11 Other revenuePrior year $13,281$8,102
I-12 Total revenuePrior year $65,278$93,631
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $28,497$30,100
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $21,090$21,493
I-18 Total expensesPrior year $49,587$51,593
I-19 Revenue less expensesPrior year $15,691$42,038
Part VI · Governance 12 of 12 board members independent, 4 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $93,631 across 10 lines filed
VIII-1b Membership dues$5,218
VIII-1f All other contributions, gifts and grants$15,997
VIII-1h Total contributions, gifts and grants$21,215
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $764$764
VIII-3 Investment incomeExcluded from tax $24,699$24,699
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax $38,851$38,851
VIII-8 Net income from fundraising eventsExcluded from tax $8,102$8,102
VIII-12 Total revenueRelated to mission $764 · Excluded from tax $71,652$93,631
Part IX · Statement of functional expenses $51,593 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $25,169 · Management $2,796$27,965
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $1,922 · Management $213$2,135
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesPrograms $2,561 · Management $284$2,845
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $1,607 · Management $179$1,786
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $2,599 · Management $289$2,888
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $287 · Management $32$319
IX-23 InsurancePrograms $3,342 · Management $371$3,713
IX-24 Other expenses (24a–d)Programs $7,634 · Management $848$8,482
IX-24e All other expensesPrograms $1,315 · Management $145$1,460
IX-25 Total functional expensesPrograms $46,436 · Management $5,157 · Fundraising $0$51,593
Part X · Balance sheet $991,330 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $21,270$4,303
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $60,682$60,363
X-11 Publicly traded securitiesStart of year $847,098$926,664
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $929,050$991,330
X-17 Accounts payable and accrued expensesStart of year $1,155$1,354
X-26 Total liabilitiesStart of year $1,155$1,354
X-27 Net assets without donor restrictionsStart of year $927,895$989,976
X-32 Total net assets or fund balancesStart of year $927,895$989,976
X-33 Total liabilities and net assetsStart of year $929,050$991,330
Part XI · Reconciliation of net assets $989,976 net assets at year end
XI-1 Total revenue$93,631
XI-2 Total expenses$51,593
XI-3 Revenue less expenses$42,038
XI-4 Net assets at start of year$927,895
XI-5 Net unrealized gains (losses) on investments$31,015
XI-8 Prior period adjustments−$10,972
XI-10 Net assets at end of year$989,976

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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