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Millinocket Memorial Library EIN 81-4748516

Millinocket Memorial Library

EIN  81-4748516 Public charity (501(c)(3)) Millinocket, ME
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Size
$100K–1M
What they do
Enriches lives through community building, imagination, and lifelong learning.
Leadership
Diana Furukawa · Library Director · $67K
Money in and out
$589K revenue, $476K expenses
Bottom line
72% program efficiency

Enriches lives through community building, imagination, and lifelong learning. For fiscal year 2024 it reported $589K in revenue, $476K in expenses, and $1.7M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$589K
Pt VIII · Ln 12
Total expenses
$476K
Pt IX · Ln 25
Net assets
$1.7M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $113K
Where spending went · Part IX cols B–D
Program services $0.72 Management & general $0.19 Fundraising $0.09
Program efficiency
72%
of spending reaches programs▲ +8% vs prior filing year
Operating runway
15.0mo
months of highly liquid reserves at operating expense rate▲ +11% vs prior filing year
Surplus margin
+19%
revenue over expenses, this year▲ +67% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$589K
FY2024▲ +13%
Expenses
$476K
FY2024▲ +4%
Total assets
$1.8M
FY2024▲ +4%
Total liabilities
$75K
FY2024▼ -43%
Total revenue
$589K
Pt VIII · Ln 12
Total expenses
$476K
Pt IX · Ln 25
Net assets
$1.7M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$113K
Total assetsPt X · Ln 16$1.8M
Program-expense ratioPt IX · col B72%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413
Mission & Programs · Part III

Where the work happens

1 program service account for $342K of program spending, described in the organization's own filed words · FY2024.
01

Millinocket memorial library (MML) is a public library and community hub serving the greater katahdin region of maine. Library services include circulating a collection of books and materials, offering reference and resource navigation services, connecting people with technology assistance, operating a low-barrier public space for people…

$342Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMillinocket Memorial Library
EINHdr · item D81-4748516
Principal addressHdr · item CMillinocket, ME
WebsiteHdr · item Jmillinocketmemoriallibrary.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MME
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B70)
Ruling yearIRS BMFOct 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b13
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 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Diana Furukawa
Library Director
$66,560Pt VII · Sec A
Edward Girsa
President
$0Pt VII · Sec A
Jessica Masse
Vice President
$0Pt VII · Sec A
Wende Sairio
Secretary
$0Pt VII · Sec A
Robert Adams
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Diana Furukawa’s $67K as Library Director is at the 59th percentile of top reported officer pay among 1616 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Diana Furukawa$66,560$60,760$54,720$29,029—
Matt Delaney———$36,733$60,131

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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Statement of Revenue

Part VIII
Contributions & grants$539K · 91%
Program service revenue$38K · 6%
Investment income$13K · 2%
Contributions & grants91%$539K
Program service revenue6%$38K
Investment income2%$13K
— government grantsLn 1e$236K
Total revenueLn 12$589K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.72 Management & general $0.19 Fundraising $0.09
Program services72%$342K
Management & general19%$89K
Fundraising9%$44K
Total functional expensesLn 25$476K

Balance Sheet

Part X · end of year
CashLn 1$564K
Total assetsLn 16$1.8M
Total liabilitiesLn 26$75K
Total net assetsLn 32$1.7M
Months of cash on handcomputed14.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $594K · Operating expenses/yr $476K
15.0 months
Where the money goes
Program services
Program services $342K · Total expenses $476K
72%
Management & General
Management & general $89K · Total expenses $476K
19%
Fundraising
Fundraising $44K · Total expenses $476K
9%
Cost to raise $1
Fundraising expense (3-yr avg) $41K · Solicited contributions (3-yr avg) $259K
$0.16 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $539K · Total revenue $589K
91%
Government reliance
Government grants $236K · Total revenue $589K
40%
Earned-income share
Program service revenue $38K · Total revenue $589K
6%
Investment reliance
Investment income $13K · Total revenue $589K
+2%
Program self-sufficiency
Program service revenue $38K · Total expenses $476K
8%
Growth & trend
Revenue growth (YoY)
This year $589K · Prior year $520K
+13%
Revenue CAGR
FY2020 $510K · FY2024 $589K
+4%
Net-asset trend (YoY)
End of year $1.7M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $589K · Expenses $476K
+19%
Liabilities-to-Assets
Total liabilities — · Total assets $1.8M
—
Net-asset ratio
Net assets $1.7M · Total assets $1.8M
96%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $30K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.8M
2%
People & payroll
Highest Reported Total Compensation
Individual Diana Furukawa · Reported title LIBRARY DIRECTOR · Highest reported compensation $67K · Total expenses $476K
14%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $265K · Total expenses $476K
56%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 72%——
Overhead ratio 19%——
Fundraising cost ratio 8%——
Revenue growth 13%——

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 · received and paid
Grants received · FY2024
Elmina B Sewall FoundationFY2024$100K
Stephen & Tabitha King FoundationFY2024$50K
Onion FoundationFY2024$15K
Golden Rule FoundationFY2024$1K
Total grants receivedfrom 4 funders$166K
See all 4 funders →
Grants paid · 3 grants · $89K · 2022–2024
Unitemized GrantFY2024$28,319
Unitemized GrantFY2023$32,836
Unitemized GrantFY2022$27,890

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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
FY2024 (Latest)$589K revenue · viewing · ⤓ 990 PDF
FY2023$520K revenue · ⤓ 990 PDF
FY2022$368K revenue · ⤓ 990 PDF
FY2021$435K revenue · ⤓ 990 PDF
FY2020$510K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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