Whitefield Library FY2023 filing

Whitefield, ME · Public charity (501(c)(3)) · Since 2018 · Education

✓ Tax-deductible Latest data FY2023
Revenue
$317K
▲ +522% vs prior year
Spent
$35K
To programs
64%
Net assets
$432K
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Form 990 for the fiscal year ending December 2023 (IRS tax year 2023).

Status and standing

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
Foundation funders?
3 funders, incl. Davis Family Foundation
$36K in the latest grant year.
Spent on programs?
64% to programs
Form 990 Part IX, latest filing.
Size and trend
<$100K
↑ +522% vs prior year
Legal name (IRS)Hdr · item CWhitefield Library
EINHdr · item D82-5446750
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJul 2018
Year of formationHdr · item L2018
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CWhitefield, ME
NTEE classificationIRS BMFEducation (B70)
WebsiteHdr · item Jwww.whitefieldlibrary.org

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.64 Management & general $0.27 Fundraising $0.09
Program services64%$22K
Management & general27%$9K
Fundraising9%$3K
Total functional expensesLn 25$35K

Financial health

Revenue & expenses by yearFY2021–FY2025
Revenue
$317K
FY2023▲ +522%
Expenses
$35K
FY2023
Program efficiency
64%
of spending reaches programs
Operating runway
108.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+89%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$433K
FY2023
Total liabilities
$573
FY2023
Revenue less expensesPt I · Ln 19$282K
Total assetsPt X · Ln 16$433K
Program-expense ratioPt IX · col B64%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413

Balance Sheet

Part X · end of year
CashLn 1$320K
Total assetsLn 16$433K
Total liabilitiesLn 26$573
Total net assetsLn 32$432K
Months of cash on handcomputed108.9

Statement of Revenue

Part VIII
Contributions & grants100%$317K
— government grantsLn 1e$15K
Total revenueLn 12$317K

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $320K · Operating expenses/yr $35K
108.9 months
Where the money goes
Program services
Program services $22K · Total expenses $35K
64%
Management & General
Management & general $9K · Total expenses $35K
27%
Fundraising
Fundraising $3K · Total expenses $35K
9%
Cost to raise $1
Fundraising expense $3K · Solicited contributions $302K
$0.01 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $317K · Total revenue $317K
100%
Government reliance
Government grants $15K · Total revenue $317K
5%
Earned-income share
Program service revenue $0 · Total revenue $317K
0%
Investment reliance
Investment income $0 · Total revenue $317K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $35K
0%
Growth & trend
Revenue growth (YoY)
This year $317K · Prior year $51K
+522%
Net-asset trend (YoY)
End of year $432K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $317K · Expenses $35K
+89%
Liabilities-to-Assets
Total liabilities — · Total assets $433K
—
Net-asset ratio
Net assets $432K · Total assets $433K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $433K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Shawn Gallaghe · Reported title MANAGER · Highest reported compensation $7K · Total expenses $35K
19%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $17K · Total expenses $35K
50%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 64%——
Overhead ratio 27%——
Fundraising cost ratio 1%——
Revenue growth 522%——
Accounting fee ratio 3%——

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

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$6,675Pt VII · Sec A
$3,325Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Shawn Gallaghe’s $7K as Manager is at the 27th percentile of top reported officer pay among 146 <$100K 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 · 3 named individuals · Part VII

NameFY2023FY2022
Shawn Gallaghe$6,675—
Shawn Gallagher—$5,000
Suzanne Balbo$3,325—

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.

See Whitefield Library executive salaries →

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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 2Yes

Mission and programs

Builds community and nurtures readers through its library services.

Provided by the organization

This section is blank until Whitefield Library claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $22K of program spending, described in the organization's own filed words · FY2023.
01

The Whitefield Library continues to serve as a vital community hub in

$22Kprogram expense

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Funders

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 3 funders$36K
See all 3 funders →

Filing history

YearRevenueExpensesChangeFiling
FY2025 Latest $58K$59K-47% 990 PDF
FY2024 $109K$53K-66% 990 PDF
FY2023 Viewing $317K$35K+522% 990 PDF
FY2022 $51K—+44% 990 PDF
FY2021 $35K— 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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