philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Monhegan Memorial Library FY2022 filing

Tax-deductible

Monhegan, ME501(c)(3)Since 1926Education EIN 04-6056891Revenue $41K in FY2022

On file with the IRS1 Library Way, 04852-0000 · Monhegan, METax-exempt since Nov 2012Publicly supported charity — 170(b)(1)(A)(vi)

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

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.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
Cash reserves
<1 mo
of spending, in cash
Plus $712K in investments, Pt X · Ln 11–13
Fine: 0.1 months of spending in cash, plus $712K in investments.
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
$954
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
$41K
-4% vs prior year
Spent
$43K
To programs
90%
Net assets
$773K
By yearFY2021–FY2025
Revenue
$41K
FY2022▼ -4%
Tap a bar for its year
Revenue by fiscal year
FY2021$43K
FY2022$41K
FY2023$51K
FY2024$65K
FY2025$94K
Expenses
$43K
FY2022▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2021$41K
FY2022$43K
FY2023$50K
FY2024$50K
FY2025$52K
Net assets
$773K
FY2022▼ -12%
Tap a bar for its year
Net assets by fiscal year
FY2021$874K
FY2022$773K
FY2023$828K
FY2024$928K
FY2025$990K

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

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

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% · $38K Management & general 10% · $4K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Carol Burdick
President
$0Pt VII · Sec A
Sally Boynton
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Kelena Reid
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Monhegan Memorial Library executive salaries →

On this list? Claim this org

Something off? Claim to add context

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

Tap to ask. Monhegan Memorial Library sees how many people are interested.

Your first name shows with your question. Monhegan Memorial Library answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $38K · in their own filed words · FY2021
01

Provide lending services, copy services and other services needed in the community of monhegan island, me

$38Kprogram 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
Tom and Kate Chappell FamilyfoundationFY2022$150
Total grants receivedfrom 1 funder$150

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$41K
Ln 12
Gifts and grantsLn 1h$20K
Investment incomeLn 3$12K
Fees for servicesLn 2g$6K
Money outPt IX
$43K
Ln 25
Programscol B$38K
Managementcol C$4K
Owns and owesPt X
$773K
net assets · Ln 32
Cash and savingsLn 1–2$298
Total assetsLn 16$774K
LiabilitiesLn 26$954
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$20K
Fees for servicesLn 2g$6K
Investment incomeLn 3$12K
Other incomeLn 4–11$4K
Gains on assetsLn 7$833
Total revenueLn 12$41K
Assets in detailPt X, end of year
CashLn 1$298
Cash and savings togetherLn 1–2$298
InvestmentsLn 11–13$712K
Land, buildings, equipmentLn 10c$61K
Total assetsLn 16$774K
LiabilitiesLn 26$954
Net assetsLn 32$773K
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 FY22End FY22
Cash and savingsLn 1–2$4K$298
InvestmentsLn 11–13$809K$712K
Land, buildings, equipmentLn 10c$61K$61K
Total assetsLn 16$874K$774K
LiabilitiesLn 26$0$954
Net assetsLn 32$874K$773K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$23K$21K$2K$0
Payroll taxesLn 10$2K$2K$177$0
Management feesLn 11a$318$286$32$0
Accounting feesLn 11c$2K$2K$198$0
Office expensesLn 13$1K$983$109$0
OccupancyLn 16$3K$2K$255$0
Depreciation, depletion and amortizationLn 22$383$345$38$0
InsuranceLn 23$3K$3K$283$0
Other expenses (24a–d)Ln 24$8K$7K$787$0
All other expensesLn 24e$674$607$67$0
Total functional expensesLn 25$43K$38K$4K$0

Filing history

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

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $41,471 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $23,864$19,505
I-9 Program service revenuePrior year $852$5,844
I-10 Investment incomePrior year $18,208$11,651
I-11 Other revenuePrior year $478$4,471
I-12 Total revenuePrior year $43,402$41,471
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $25,228$24,875
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $16,255$17,694
I-18 Total expensesPrior year $41,483$42,569
I-19 Revenue less expensesPrior year $1,919−$1,098
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 $41,471 across 8 lines filed
Lines not itemized here account for $1,627 of total revenue; see the IRS return.
VIII-1b Membership dues$5,536
VIII-1f All other contributions, gifts and grants$13,969
VIII-1h Total contributions, gifts and grants$19,505
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$5,844
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $10,818$10,818
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $833$833
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $2,844$2,844
VIII-12 Total revenueRelated to mission $7,471 · Unrelated business $0 · Excluded from tax $14,495$41,471
Part IX · Statement of functional expenses $42,569 across 10 lines filed
IX-7 Other salaries and wagesPrograms $20,796 · Management $2,311 · Fundraising $0$23,107
IX-10 Payroll taxesPrograms $1,591 · Management $177 · Fundraising $0$1,768
IX-11a Management feesPrograms $286 · Management $32 · Fundraising $0$318
IX-11c Accounting feesPrograms $1,782 · Management $198 · Fundraising $0$1,980
IX-13 Office expensesPrograms $983 · Management $109 · Fundraising $0$1,092
IX-16 OccupancyPrograms $2,291 · Management $255 · Fundraising $0$2,546
IX-22 Depreciation, depletion and amortizationPrograms $345 · Management $38 · Fundraising $0$383
IX-23 InsurancePrograms $2,548 · Management $283 · Fundraising $0$2,831
IX-24 Other expenses (24a–d)Programs $7,083 · Management $787 · Fundraising $0$7,870
IX-24e All other expensesPrograms $607 · Management $67 · Fundraising $0$674
IX-25 Total functional expensesPrograms $38,312 · Management $4,257 · Fundraising $0$42,569
Part X · Balance sheet $773,614 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $3,709$298
X-10c Land, buildings and equipment, netStart of year $61,369$60,986
X-11 Publicly traded securitiesStart of year $809,274$712,330
X-16 Total assetsStart of year $874,352$773,614
X-17 Accounts payable and accrued expensesStart of year $0$954
X-26 Total liabilitiesStart of year $0$954
X-27 Net assets without donor restrictionsStart of year $874,352$772,660
X-32 Total net assets or fund balancesStart of year $874,352$772,660
X-33 Total liabilities and net assetsStart of year $874,352$773,614
Part XI · Reconciliation of net assets $772,660 net assets at year end
XI-1 Total revenue$41,471
XI-2 Total expenses$42,569
XI-3 Revenue less expenses−$1,098
XI-4 Net assets at start of year$874,352
XI-5 Net unrealized gains (losses) on investments−$100,594
XI-10 Net assets at end of year$772,660

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.