BETA

LOUIS T GRAVES MEMORIAL PUBLIC LIBRARY ASSOCIATION: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
LOUIS T GRAVES MEMORIAL PUBLIC LIBRARY ASSOCIATION (EIN 01-0262394)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-11-09
IRS object ID
202323139349301327
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2023-11-09T08:49:34-06:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN010372413PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CUMMINGS LAMONT & MCNAMEE PLLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12 STORER STREET SUITE 305AddressLine1Txt
CityKENNEBUNKCityNm
State AbbreviationMEStateAbbreviationCd
ZIP04043ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN010262394EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LOUIS T GRAVES MEMORIAL PUBLIC LIBRARYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLOUIBusinessNameControlTxt
Phone2079672778PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line118 MAINE STREET PO BOX 391AddressLine1Txt
CityKENNEBUNKPORTCityNm
State AbbreviationMEStateAbbreviationCd
ZIP04046ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonALLYN LAMBPersonNm
Person TitleTREASURERPersonTitleTxt
Phone2079672778PhoneNum
Signature2023-11-09SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstALLYNPersonFirstNm
Person LastLAMBPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonWANDA RING CPAPreparerPersonNm
PTINP00324469PTIN
Phone2079853339PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerALLYN LAMBPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line118 MAINE STREET PO BOX 391AddressLine1Txt
CityKENNEBUNKPORTCityNm
State AbbreviationMEStateAbbreviationCd
ZIP04046ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,670,049GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.GRAVESLIBRARY.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1941FormationYr
Legal Domicile StateMELegalDomicileStateCd
Activity Or MissionOPERATION OF FREE PUBLIC LIBRARYActivityOrMissionDesc
Voting Members Governing Body13VotingMembersGoverningBodyCnt
Voting Members Independent13VotingMembersIndependentCnt
Total Employee12TotalEmployeeCnt
Total Volunteers65TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$286,709PYContributionsGrantsAmt
CY Contributions Grants$266,317CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$276,964PYInvestmentIncomeAmt
CY Investment Income$122,612CYInvestmentIncomeAmt
PY Other Revenue$68,253PYOtherRevenueAmt
CY Other Revenue$77,000CYOtherRevenueAmt
PY Total Revenue$631,926PYTotalRevenueAmt
CY Total Revenue$465,929CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$220,457PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$259,104CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$3,856CYTotalFundraisingExpenseAmt
PY Other Expenses$184,043PYOtherExpensesAmt
CY Other Expenses$208,966CYOtherExpensesAmt
PY Total Expenses$404,500PYTotalExpensesAmt
CY Total Expenses$468,070CYTotalExpensesAmt
PY Revenues Less Expenses$227,426PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$2,141CYRevenuesLessExpensesAmt
Total Assets BOY$4,740,681TotalAssetsBOYAmt
Total Assets EOY$4,207,067TotalAssetsEOYAmt
Total Liabilities BOY$32,717TotalLiabilitiesBOYAmt
Total Liabilities EOY$32,981TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$4,707,964NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$4,174,086NetAssetsOrFundBalancesEOYAmt
MissionTO OPERATE AND MAINTAIN A FREE PUBLIC LIBRARY IN KENNEBUNKPORT MAINE.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$441,219ExpenseAmt
Revenue$6,191RevenueAmt
DescTHE LARGEST PROGRAM IS MAINTAINING THE LIBRARY THROUGH PURCHASES OF BOOKS AND LIBRARY MATERIALS, AND TO SUPPORT LIBRARY STAFF AND GENERAL OPERATING EXPENSES.Desc
Total Program Service Expenses$441,219TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of ArtYes (1)CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document3IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee12EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members13GoverningBodyVotingMembersCnt
Independent Voting Member13IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of Committees0MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn0AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc0RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ALLYN LAMBBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2079672778PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line118 MAINE STREET PO BOX 391AddressLine1Txt
CityKENNEBUNKPORTCityNm
State AbbreviationMEStateAbbreviationCd
ZIP04046ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
CONNIE DYKSTRA
PRESIDENT4.00Yes (X)Yes (X)$0$0$0
ALLYN LAMB
TREASURER4.00Yes (X)Yes (X)$0$0$0
MAXINE THIBODEAU
TRUSTEE4.00Yes (X)$0$0$0
BILL WEIDNER
TRUSTEE4.00Yes (X)$0$0$0
RICHARD SMITH
TRUSTEE4.00Yes (X)$0$0$0
RICHARD PERRY
TRUSTEE4.00Yes (X)$0$0$0
VICKY LAMARRE
TRUSTEE4.00Yes (X)$0$0$0
ROSEMARY SHORE
TRUSTEE4.00Yes (X)$0$0$0
STEVEN SESSLER
TRUSTEE4.00Yes (X)$0$0$0
MICHAEL DONAGHY
VICE PRESIDENT4.00Yes (X)Yes (X)$0$0$0
DENISE LAFOLLA
TRUSTEE4.00Yes (X)$0$0$0
LELA WILLIAMS
SECRETARY4.00Yes (X)Yes (X)$0$0$0
GEORGE EMERY
TRUSTEE4.00Yes (X)$0$0$0
MARY LOU BOUCOUVALAS
LIBRARY DIRECTOR40.00Yes (X)$71,834$0$2,306
FieldValueIRS element (for citing)
Total Reportable Comp From Org$71,834TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$2,306TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Government Grants$155,000GovernmentGrantsAmt
All Other Contributions$111,317AllOtherContributionsAmt
Total Contributions$266,317TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$54,504TotalRevenueColumnAmt
Exclusion$54,504ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$1,263,347SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$1,195,239SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$68,108SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$68,108TotalRevenueColumnAmt
Exclusion$68,108ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$79,690FundraisingGrossIncomeAmt
Fundraising Direct Expenses$8,881FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$70,809TotalRevenueColumnAmt
Exclusion$70,809ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
MISCELLANEOUS INCOME900099$2,552$2,552
BOOK FINES900099$2,392$2,392
PHOTOCOPIER INCOME900099$847$847

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$400TotalRevenueColumnAmt
Related Or Exempt Func Income$400RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$6,191OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$465,929TotalRevenueColumnAmt
Related Or Exempt Func Income$6,191RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$193,421ExclusionAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$219,321TotalAmt
Program Services$219,321ProgramServicesAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$3,826TotalAmt
Program Services$3,826ProgramServicesAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$19,223TotalAmt
Program Services$19,223ProgramServicesAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$16,734TotalAmt
Program Services$16,734ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$9,700TotalAmt
Management And General$9,700ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$13,295TotalAmt
Management And General$13,295ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$1,993TotalAmt
Program Services$1,993ProgramServicesAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$46,727TotalAmt
Program Services$46,727ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$54,343TotalAmt
Program Services$54,343ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
BOOKS & MAGAZINES$30,041$30,041
SUPPLIES$19,571$19,571
SERVICES$12,310$12,310
INSURANCE$11,786$11,786

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$9,200TotalAmt
Program Services$5,344ProgramServicesAmt
Fundraising$3,856FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$468,070TotalAmt
Program Services$441,219ProgramServicesAmt
Management And General$22,995ManagementAndGeneralAmt
Fundraising$3,856FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$39,579BOYAmt
EOY$47,373EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$375,360BOYAmt
EOY$400,132EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
EOY$505EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$2,300,103LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$720,650LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$1,633,796BOYAmt
EOY$1,579,453EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$2,691,946BOYAmt
EOY$2,179,604EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$4,740,681BOYAmt
EOY$4,207,067EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$32,717BOYAmt
EOY$32,981EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$32,717BOYAmt
EOY$32,981EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$4,707,964BOYAmt
EOY$4,174,086EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$4,707,964BOYAmt
EOY$4,174,086EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$4,740,681BOYAmt
EOY$4,207,067EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$2,141ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$531,737NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS Audited0FSAuditedInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$422,938CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$274,092CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$533,623CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$286,709CurrentTaxYearMinus1YearAmt
Current Tax Year$266,316CurrentTaxYearAmt
Total$1,783,678TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$422,938CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$274,092CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$533,623CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$286,709CurrentTaxYearMinus1YearAmt
Current Tax Year$266,316CurrentTaxYearAmt
Total$1,783,678TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$1,783,678PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$42,261CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$45,552CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$40,119CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$49,899CurrentTaxYearMinus1YearAmt
Current Tax Year$54,504CurrentTaxYearAmt
Total$232,335TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$8,966CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$9,672CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$3,495CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$6,222CurrentTaxYearMinus1YearAmt
Current Tax Year$6,191CurrentTaxYearAmt
Total$34,546TotalAmt
FieldValueIRS element (for citing)
Total Support$2,050,559TotalSupportAmt
Gross Receipts Rltd Activities$286,509GrossReceiptsRltdActivitiesAmt
Public Support CY1700.86980PublicSupportCY170Pct
Public Support PY1700.89880PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Collection Used Pub ExhibitionYes (X)CollectionUsedPubExhibitionInd
Coll Used Scholarly RsrchYes (X)CollUsedScholarlyRsrchInd
Collection Used PreservationYes (X)CollectionUsedPreservationInd
Coll Used Loan Or Exch ProgYes (X)CollUsedLoanOrExchProgInd
Solicited Assets Sale0SolicitedAssetsSaleInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,624,017BeginningYearBalanceAmt
Investment Earnings Or Losses-$376,847InvestmentEarningsOrLossesAmt
Other Expenditures$89,713OtherExpendituresAmt
Administrative Expenses$13,295AdministrativeExpensesAmt
End Year Balance$2,144,162EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,377,130BeginningYearBalanceAmt
Investment Earnings Or Losses$343,716InvestmentEarningsOrLossesAmt
Other Expenditures$82,911OtherExpendituresAmt
Administrative Expenses$13,918AdministrativeExpensesAmt
End Year Balance$2,624,017EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,075,794BeginningYearBalanceAmt
Contributions$80,000ContributionsAmt
Investment Earnings Or Losses$353,329InvestmentEarningsOrLossesAmt
Other Expenditures$78,917OtherExpendituresAmt
Administrative Expenses$11,760AdministrativeExpensesAmt
End Year Balance$2,377,130EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,842,995BeginningYearBalanceAmt
Contributions$689ContributionsAmt
Investment Earnings Or Losses$321,998InvestmentEarningsOrLossesAmt
Other Expenditures$78,906OtherExpendituresAmt
Administrative Expenses$10,982AdministrativeExpensesAmt
End Year Balance$2,075,794EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,021,830BeginningYearBalanceAmt
Investment Earnings Or Losses-$89,950InvestmentEarningsOrLossesAmt
Other Expenditures$77,603OtherExpendituresAmt
Administrative Expenses$11,282AdministrativeExpensesAmt
End Year Balance$1,842,995EndYearBalanceAmt
FieldValueIRS element (for citing)
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$100,000OtherCostOrOtherBasisAmt
Book Value$100,000BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$2,123,073OtherCostOrOtherBasisAmt
Depreciation$645,048DepreciationAmt
Book Value$1,478,025BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$65,669OtherCostOrOtherBasisAmt
Depreciation$65,357DepreciationAmt
Book Value$312BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$11,361OtherCostOrOtherBasisAmt
Depreciation$10,245DepreciationAmt
Book Value$1,116BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$1,579,453TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
PAYROLL LIABILITIES$8,198
NET UNFUNDED POSTEMPLOYMENT BENEFIT RESTATED$24,783
FieldValueIRS element (for citing)
Total Liability$32,981TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART III, LINE 1A:INEXHAUSTIBLE COLLECTIONS AND BOOKS - BECAUSE THE VALUES OF THE EXISTING INEXHAUSTIBLE COLLECTIONS, INCLUDING RESEARCH BOOKS, ARE NOT READILY DETERMINABLE, THE LIBRARY HAS NOT CAPITALIZED THEM. ACCESSIONS AND DEACCESSIONS DURING THE YEAR 2021 WERE NOT SIGNIFICANT. BOOKS USED IN THE CIRCULATING LIBRARY HAVE NOT BEEN CAPITALIZED BECAUSE THEIR ESTIMATED USEFUL LIVES ARE LESS THAN ONE YEAR. THE LIBRARY SPENT $28,959 IN 2021 TO ACQUIRE NEW BOOKS AND PERIODICALS.
PART III, LINE 4:THE LOUIS T. GRAVES MEMORIAL PUBLIC LIBRARY SEEKS TO PROVIDE FOR THE RECREATIONAL, INFORMATIONAL, CULTURAL, AND INTELLECTUAL NEEDS OF THE COMMUNITY THROUGH A WIDE VARIETY OF RESOURCES IN MULTIPLE FORMATS REPRESENTING DIVERSE INTERESTS AND MANY DIFFERENT VIEWPOINTS. RESIDENTS OF KENNEBUNKPORT, KENNEBUNK, CAPE PORPOISE, WELLS, OR ARUNDEL (INCLUDING GENERAL AREA) ARE WELCOME TO A FREE LIBRARY CARD. THIS LIBRARY CARD ALLOWS PATRONS TO BORROW BOOKS, MAGAZINES, VIDEOCASSETTES AND DVDS, AUDIOBOOKS, PUZZLES, AND PAMPHLETS. THE LIBRARY SUPPORTS THE AMERICAN LIBRARY ASSOCIATION'S BILL OF RIGHTS AND ALSO ENDORSES THE FREEDOM TO READ STATEMENT OF THE AMERICAN LIBRARY ASSOCIATION. ADDITIONAL INFORMATION MAY BE FOUND IN THE LOUIS T. GRAVES MEMORIAL PUBLIC LIBRARY MATERIALS SELECTION POLICY.
PART V, LINE 4:THE ENDOWMENT FUNDS ARE TO PROVIDE FUNDS AS NEEDED FOR ANNUAL BUDGETARY PURPOSES. BY BOARD VOTE IN JULY 2008, NO MORE THAN 4% OF THE AVERAGE OF THE FUND'S BALANCE ON SEPTEMBER 30 OF THE PREVIOUS THREE YEARS MAY BE WITHDRAWN TO SUPPLEMENT THE ANNUAL OPERATING BUDGET.
PART X, LINE 2:THE FEDERAL INFORMATION RETURNS OF THE LIBRARY ARE SUBJECT TO EXAMINATION, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED.

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1BOOK SALESEvent1Nm
Gross Receipts Event1$25,844GrossReceiptsEvent1Amt
Gross Revenue Event1$25,844GrossRevenueEvent1Amt
Other Direct Expenses Event1$528OtherDirectExpensesEvent1Amt
Event2AUTHOR EVENTEvent2Nm
Gross Receipts Event2$53,846GrossReceiptsEvent2Amt
Gross Revenue Event2$53,846GrossRevenueEvent2Amt
Other Direct Expenses Event2$8,353OtherDirectExpensesEvent2Amt
Gross Receipts Total$79,690GrossReceiptsTotalAmt
Gross Revenue Total Events$79,690GrossRevenueTotalEventsAmt
Oth Direct Expnss Total Events$8,881OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$8,881DirectExpenseSummaryEventsAmt
Net Income Summary$70,809NetIncomeSummaryAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 8BN/A - COMMITTEES OF THE ORGANIZATION DO NOT HAVE AUTHORITY TO ACT ON BEHALF OF THE BOARD.
FORM 990, PART VI, SECTION B, LINE 11BA DRAFT COPY OF THE 990 WAS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES PRIOR TO ITS FILING.
FORM 990, PART VI, SECTION B, LINE 15THE COMPENSATION OF THE LIBRARY DIRECTOR IS DETERMINED BY THE PERSONNEL COMMITTEE. THE COMMITTEE REVIEWS COMPARABLE SALARIES AND UPON THOUGHTFUL DELIBERATION DETERMINES THE DIRECTOR'S COMPENSATION.
FORM 990, PART VI, SECTION C, LINE 19THE LIBRARY DOES NOT HAVE A CONFLICT OF INTEREST POLICY. ALL GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS OF THE LIBRARY ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTIONTHE ORGANIZATION IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F) FOR THE YEAR ENDING DECEMBER 31, 2021.

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