Maine Infonet Collaborative FY2023 filing

Tax-deductible

Orono, ME501(c)(3)Since 2010Human ServicesEIN 27-5079950Revenue $696K in FY2023

On file with the IRSmaineinfonet.org5784 York Village Suite 58, 04469-5784 · Orono, METax-exempt since Mar 2012Publicly supported — 509(a)(2)

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The Maine Infonet Collaborative exists to support cooperation, partnership, collaboration and sharing between academic, public, school, and specials libraries in the state of Maine. A major activity of the Maine Infonet Collaborative will be to organize, convene, and manage meetings bringing together librarians and library staff from across the state to help plan and organize cooperative library ventures and/or to provide forums for discussions of topics of importance to libraries across the state. The Maine Infonet Collaborative may in the future from time to time apply for private, state and/or federal grant moneys in order to undertake activities that support library cooperation. The Maine Infonet Collaborative organizes groups of libraries together for Collaborative licensing or purchasing of library services, materials, databases,journals, ebooks, electronic content, etc.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $20K a year · 3% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 10.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $30K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$88K
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$696K
-40% vs prior year
Spent
$787K
To programs
100%
Net assets
$642K
By yearFY2020–FY2024
Revenue
$696K
FY2023▼ -40%
Tap a bar for its year
Revenue by fiscal year
FY2020$631K
FY2021$704K
FY2022$1.2M
FY2023$696K
FY2024$694K
FY2024$1.3M
Expenses
$787K
FY2023▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$705K
FY2021$692K
FY2022$756K
FY2023$787K
FY2024$840K
FY2024$930K
Net assets
$642K
FY2023▼ -12%
Tap a bar for its year
Net assets by fiscal year
FY2020$322K
FY2021$334K
FY2022$734K
FY2023$642K
FY2024$496K
FY2024$833K

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2012.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $787K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Maine Infonet Collaborative 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

Connects Maine libraries to foster cooperation, share resources, and discuss important library topics.

Questions for Maine Infonet Collaborative

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Provided by the organization

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1 program · $787K · in their own filed words · FY2022
01

Collaborative/Consortial Resource Management

The maine infonet collaborative organizes groups of libraries together for collaborative licensing and subscription of library management system software and for purchase of services, materials, subscriptions, etc. Related to the management of library catalog systems.

$787Kprogram 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 · FY2020
Total grants receivedfrom 1 funder$30K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$696K
Ln 12
Fees for servicesLn 2g$695K
Investment incomeLn 3$736
Money outPt IX
$787K
Ln 25
Programscol B$787K
Owns and owesPt X
$642K
net assets · Ln 32
Cash and savingsLn 1–2$671K
Total assetsLn 16$730K
LiabilitiesLn 26$88K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$695K
Investment incomeLn 3$736
Total revenueLn 12$696K
Assets in detailPt X, end of year
CashLn 1$73K
SavingsLn 2$598K
Cash and savings togetherLn 1–2$671K
Total assetsLn 16$730K
LiabilitiesLn 26$88K
Net assetsLn 32$642K
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$741K$671K
Total assetsLn 16$853K$730K
LiabilitiesLn 26$119K$88K
Net assetsLn 32$734K$642K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$85$85
Accounting feesLn 11c$783$783
Information technologyLn 14$587K$587K
Conferences, conventions and meetingsLn 19$2K$2K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$161K$161K
All other expensesLn 24e$30K$30K
Total functional expensesLn 25$787K$787K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $694K$840K−$146K$496K 990 PDF
FY2023 Viewing $696K$787K−$92K$642K 990 PDF
FY2022 $1.2M$756K$399K$734K 990 PDF
FY2021 $704K$692K$13K$334K 990 PDF
FY2020 $631K$705K−$75K$322K 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
See the full FY2023 990 (6 parts)
Part I · Summary $695,815 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $1,155,287$695,079
I-10 Investment incomePrior year $434$736
I-11 Other revenue$0
I-12 Total revenuePrior year $1,155,721$695,815
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $756,358$787,456
I-18 Total expensesPrior year $756,358$787,456
I-19 Revenue less expensesPrior year $399,363−$91,641
Part VI · Governance 10 of 10 board members independent, 3 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $695,815 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $695,079$695,079
VIII-3 Investment incomeExcluded from tax $736$736
VIII-12 Total revenueRelated to mission $695,079 · Excluded from tax $736$695,815
Part IX · Statement of functional expenses $787,456 across 7 lines filed
IX-11b Legal feesPrograms $85$85
IX-11c Accounting feesPrograms $783$783
IX-14 Information technologyPrograms $587,049$587,049
IX-19 Conferences, conventions and meetingsPrograms $2,384$2,384
IX-23 InsurancePrograms $5,943$5,943
IX-24 Other expenses (24a–d)Programs $161,481$161,481
IX-24e All other expensesPrograms $29,731$29,731
IX-25 Total functional expensesPrograms $787,456 · Management $0 · Fundraising $0$787,456
Part X · Balance sheet $730,083 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $61,154$73,040
X-2 Savings and temporary cash investmentsStart of year $680,087$597,716
X-4 Accounts receivableStart of year $111,638$59,327
X-16 Total assetsStart of year $852,879$730,083
X-19 Deferred revenueStart of year $114,978$87,942
X-26 Total liabilitiesStart of year $119,097$87,942
X-27 Net assets without donor restrictionsStart of year $733,782$642,141
X-32 Total net assets or fund balancesStart of year $733,782$642,141
X-33 Total liabilities and net assetsStart of year $852,879$730,083
Part XI · Reconciliation of net assets $642,141 net assets at year end
XI-1 Total revenue$695,815
XI-2 Total expenses$787,456
XI-3 Revenue less expenses−$91,641
XI-4 Net assets at start of year$733,782
XI-10 Net assets at end of year$642,141

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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