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Rockport Library Foundation FY2021 filing

Tax-deductible

Rockport, ME501(c)(3)Education EIN 83-0864371Revenue $665K in FY2021

On file with the IRSrockportlibraryfoundation.orgPo Box 204, 04856-0204 · Rockport, METax-exempt since Nov 2018Supporting org, Type III (functionally integrated) — 509(a)(3)

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To raise funds to support the public purpose of construction of the town of Rockport public Library, a public facility operated by the town of Rockport, maine, a state of maine municipal entity/governmental unit which has section 170(c)(1) tax exempt status status under the internal revenue code. After construction of the Rockport public Library buildings and grounds, the purpose of the Rockport Library Foundation shall be to raise funds for suppor of operations, maintenance of buildings and imporovements and the resources of the Library.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2021 · 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
FY2026
latest Form 990
Looks good: the latest return is for FY2026, this tax year; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average deficit $145K a year · 32% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $23K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$50K
16% of total assets
Looks good: liabilities are 16% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$665K
-24% vs prior year
Spent
$1.2M
To programs
98%
Net assets
$261K
By yearFY2020–FY2026
Revenue
$665K
FY2021▼ -24%
Tap a bar for its year
Revenue by fiscal year
FY2020$873K
FY2021$665K
FY2022$126K
FY2023$36K
FY2024$106K
FY2025$117K
FY2026$141K
Expenses
$1.2M
FY2021▲ +32%
Tap a bar for its year
Expenses by fiscal year
FY2020$915K
FY2021$1.2M
FY2022$214K
FY2023Not on file
FY2024Not on file
FY2025Not on file
FY2026$47K
Net assets
$261K
FY2021▼ -68%
Tap a bar for its year
Net assets by fiscal year
FY2020$805K
FY2021$261K
FY2022$173K
FY2023$185K
FY2024$244K
FY2025$309K
FY2026$403K

From the FY2021 Form 990 (year ending June 2021) · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2026) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2026. IRS ruling in Nov 2018.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $1.2M Management & general 0% · $5K Fundraising 2% · $23K

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

11 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Joan Welsh
President
$0Pt VII · Sec A
John Viehman
Vice Preside
$0Pt VII · Sec A
William Leone
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Maureen Cole
Director
$0Pt VII · Sec A
Sally Cook
Director
$0Pt VII · Sec A
Ann Filley
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Rockport Library Foundation 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

Funds public library construction, operations, and improvements.

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Provided by the organization

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2 programs · $1.2M · in their own filed words · FY2020
01

The rockport library foundation raises funds for its supported organization, the town of rockport, maine, which are transferred to the supported organization to be used for construction of the town of rockport public library.

$1.1Mprogram expense
02

The foundation has a separate funding campaign to provide the town of rockport public library building with new furniture and furnishings. The foundation designs and purchases new furniture and other furnishings to be used in the library after building construction is completed, or reimburses the library for furniture and furnishing…

$41Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Vanguard Charitable Endowment ProgramFY2024$11K
Donor Advised Charitable Giving INCFY2024$10K
Thorne Cox Family FoundationFY2024$1K
Total grants receivedfrom 3 funders$23K
See all 3 funders →
Grants paid · 3 grants · $2.1M · 2019–2021
Town of Rockport MaineFY2021$174,959
Town of Rockport MaineFY2020$1,123,377
Town of Rockport MaineFY2019$798,997

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$665K
Ln 12
Gifts and grantsLn 1h$665K
Investment incomeLn 3$419
Money outPt IX
$1.2M
Ln 25
Programscol B$1.2M
Managementcol C$5K
Fundraisingcol D$23K
Owns and owesPt X
$261K
net assets · Ln 32
Cash and savingsLn 1–2$311K
Total assetsLn 16$311K
LiabilitiesLn 26$50K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$665K
Noncash giftsLn 1g$61K
Investment incomeLn 3$419
Total revenueLn 12$665K
Assets in detailPt X, end of year
CashLn 1$311K
Cash and savings togetherLn 1–2$311K
Total assetsLn 16$311K
LiabilitiesLn 26$50K
Net assetsLn 32$261K
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$905K$311K
Total assetsLn 16$905K$311K
LiabilitiesLn 26$100K$50K
Net assetsLn 32$805K$261K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.2M$1.2M
Legal feesLn 11b$135$135
Accounting feesLn 11c$3K$3K
Professional fundraising feesLn 11e$16K$16K
Other fees for servicesLn 11g$3K$86$3K
Advertising and promotionLn 12$11K$9K$2K
Office expensesLn 13$653$653
Information technologyLn 14$1K$250$251$852
InterestLn 20$517$517
Other expenses (24a–d)Ln 24$722$278$444
Total functional expensesLn 25$1.2M$1.2M$5K$23K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2026 Latest $141K$47K$94K$403K 990 PDF
FY2025 $117K$309K 990 PDF
FY2024 $106K$244K 990 PDF
FY2023 $36K$185K 990 PDF
FY2022 $126K$214K−$88K$173K 990 PDF
FY2021 Viewing $665K$1.2M−$544K$261K 990 PDF
FY2020 $873K$915K−$42K$805K 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 M · Noncash O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $664,921 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $872,440$664,502
I-9 Program service revenue$0
I-10 Investment incomePrior year $345$419
I-11 Other revenuePrior year $410$0
I-12 Total revenuePrior year $873,195$664,921
I-13 Grants and similar amounts paidPrior year $835,024$1,172,333
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising feesPrior year $20,216$16,118
I-17 Other expensesPrior year $59,565$20,723
I-18 Total expensesPrior year $914,805$1,209,174
I-19 Revenue less expensesPrior year −$41,610−$544,253
Part VI · Governance 11 of 11 board members independent, 2 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-13 Written whistleblower 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
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $664,921 across 5 lines filed
VIII-1f All other contributions, gifts and grants$664,502
VIII-1g Noncash contributions (included above)$61,291
VIII-1h Total contributions, gifts and grants$664,502
VIII-3 Investment incomeExcluded from tax $419$419
VIII-12 Total revenueExcluded from tax $419$664,921
Part IX · Statement of functional expenses $1,209,174 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $1,172,333$1,172,333
IX-11b Legal feesManagement $135$135
IX-11c Accounting feesManagement $2,750$2,750
IX-11e Professional fundraising feesFundraising $16,118$16,118
IX-11g Other fees for servicesManagement $86 · Fundraising $3,128$3,214
IX-12 Advertising and promotionPrograms $9,351 · Fundraising $2,028$11,379
IX-13 Office expensesManagement $653$653
IX-14 Information technologyPrograms $250 · Management $251 · Fundraising $852$1,353
IX-20 InterestManagement $517$517
IX-24 Other expenses (24a–d)Management $278 · Fundraising $444$722
IX-25 Total functional expensesPrograms $1,181,934 · Management $4,670 · Fundraising $22,570$1,209,174
Part X · Balance sheet $310,933 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $905,247$310,933
X-16 Total assetsStart of year $905,247$310,933
X-25 Other liabilitiesStart of year $100,000$50,000
X-26 Total liabilitiesStart of year $100,000$50,000
X-27 Net assets without donor restrictionsStart of year $737,164$31,397
X-28 Net assets with donor restrictionsStart of year $68,083$229,536
X-32 Total net assets or fund balancesStart of year $805,247$260,933
X-33 Total liabilities and net assetsStart of year $905,247$310,933
Part XI · Reconciliation of net assets $260,933 net assets at year end
XI-1 Total revenue$664,921
XI-2 Total expenses$1,209,174
XI-3 Revenue less expenses−$544,253
XI-4 Net assets at start of year$805,247
XI-5 Net unrealized gains (losses) on investments−$61
XI-10 Net assets at end of year$260,933

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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