BETA

LOUIS T GRAVES MEMORIAL PUBLIC LIBRARY ASSOCIATION: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
LOUIS T GRAVES MEMORIAL PUBLIC LIBRARY ASSOCIATION (EIN 01-0262394)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-11-10
IRS object ID
202233149349304533
Schema version
2021v4.2
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)
Return2022-11-10T13:16:55-06:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

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 Begin2021-01-01TaxPeriodBeginDt

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
Signature2022-11-09SignatureDt
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

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 Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

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$1,361,693GrossReceiptsAmt
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 Body14VotingMembersGoverningBodyCnt
Voting Members Independent14VotingMembersIndependentCnt
Total Employee11TotalEmployeeCnt
Total Volunteers60TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$533,623PYContributionsGrantsAmt
CY Contributions Grants$286,709CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$222,520PYInvestmentIncomeAmt
CY Investment Income$276,964CYInvestmentIncomeAmt
PY Other Revenue$29,524PYOtherRevenueAmt
CY Other Revenue$68,253CYOtherRevenueAmt
PY Total Revenue$785,667PYTotalRevenueAmt
CY Total Revenue$631,926CYTotalRevenueAmt
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$213,621PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$220,457CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$5,268CYTotalFundraisingExpenseAmt
PY Other Expenses$193,587PYOtherExpensesAmt
CY Other Expenses$184,043CYOtherExpensesAmt
PY Total Expenses$407,208PYTotalExpensesAmt
CY Total Expenses$404,500CYTotalExpensesAmt
PY Revenues Less Expenses$378,459PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$227,426CYRevenuesLessExpensesAmt
Total Assets BOY$4,433,098TotalAssetsBOYAmt
Total Assets EOY$4,740,681TotalAssetsEOYAmt
Total Liabilities BOY$29,024TotalLiabilitiesBOYAmt
Total Liabilities EOY$32,717TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$4,404,074NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$4,707,964NetAssetsOrFundBalancesEOYAmt
MissionTO OPERATE AND MAINTAIN A FREE PUBLIC LIBRARY IN KENNEBUNKPORT MAINE.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$376,114ExpenseAmt
Revenue$5,841RevenueAmt
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$376,114TotalProgramServiceExpensesAmt
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
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee11EmployeeCnt
Employment Tax Returns Filed0EmploymentTaxReturnsFiledInd
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 Members14GoverningBodyVotingMembersCnt
Independent Voting Member14IndependentVotingMemberCnt
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 Policy0ConflictOfInterestPolicyInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
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 (15 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
CONNIE DYKSTRA
TRUSTEE4.00Yes (X)$0$0$0
KRISTEN KUEHNLE
TRUSTEE4.00Yes (X)$0$0$0
ALLYN LAMB
PRESIDENT4.00Yes (X)$0$0$0Yes (X)
MAXINE THIBODEAU
TRUSTEE4.00Yes (X)$0$0$0
BARBARA BELIK
VICE PRESIDENT4.00Yes (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
STEPHEN PAINTER
TRUSTEE4.00Yes (X)$0$0$0
STEVEN SESSLER
TRUSTEE4.00Yes (X)$0$0$0
ROSEMARY SHORE
TRUSTEE4.00Yes (X)$0$0$0
MICHAEL DONAGHY
TRUSTEE4.00Yes (X)$0$0$0Yes (X)
KRISTEN WOODMAN
SECRETARY4.00Yes (X)$0$0$0
LELA WILLIAMS
TRUSTEE4.00Yes (X)$0$0$0Yes (X)
MARY-LOU BOUCOUVALAS
LIBRARY DIRECTOR40.00$68,307$0$7,141Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$68,307TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$7,141TotalOtherCompensationAmt
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$174,689GovernmentGrantsAmt
All Other Contributions$112,020AllOtherContributionsAmt
Total Contributions$286,709TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$49,899TotalRevenueColumnAmt
Exclusion$49,899ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$938,601SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$711,536SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$227,065SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$227,065TotalRevenueColumnAmt
Exclusion$227,065ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$80,263FundraisingGrossIncomeAmt
Fundraising Direct Expenses$18,231FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$62,032TotalRevenueColumnAmt
Exclusion$62,032ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtExclusionExclusionAmt
MISCELLANEOUS INCOME900099$3,254$3,254
BOOK FINES900099$2,337$2,337
PHOTOCOPIER INCOME900099$380$380

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$250TotalRevenueColumnAmt
Related Or Exempt Func Income$250RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$6,221OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$631,926TotalRevenueColumnAmt
Related Or Exempt Func Income$5,841RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$339,376ExclusionAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$184,634TotalAmt
Program Services$184,634ProgramServicesAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$3,649TotalAmt
Program Services$3,649ProgramServicesAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$18,205TotalAmt
Program Services$18,205ProgramServicesAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$13,969TotalAmt
Program Services$13,969ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$9,200TotalAmt
Management And General$9,200ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$13,918TotalAmt
Management And General$13,918ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$2,026TotalAmt
Program Services$2,026ProgramServicesAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$21,866TotalAmt
Program Services$21,866ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$56,200TotalAmt
Program Services$56,200ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
BOOKS & MAGAZINES$28,959$28,959
SUPPLIES$16,451$16,451
SERVICES$11,977$11,977
INSURANCE$10,734$10,734

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$12,712TotalAmt
Program Services$7,444ProgramServicesAmt
Fundraising$5,268FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$404,500TotalAmt
Program Services$376,114ProgramServicesAmt
Management And General$23,118ManagementAndGeneralAmt
Fundraising$5,268FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$82,348BOYAmt
EOY$39,579EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$307,794BOYAmt
EOY$375,360EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$2,300,103LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$666,307LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$1,689,996BOYAmt
EOY$1,633,796EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$2,352,960BOYAmt
EOY$2,691,946EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$4,433,098BOYAmt
EOY$4,740,681EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$29,024BOYAmt
EOY$32,717EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$29,024BOYAmt
EOY$32,717EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$4,404,074BOYAmt
EOY$4,707,964EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$4,404,074BOYAmt
EOY$4,707,964EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$4,433,098BOYAmt
EOY$4,740,681EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$227,426ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$76,464NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewYes (1)AccountantCompileOrReviewInd

Acct Compile Or Review Basis AcctCompileOrReviewBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
FS Audited0FSAuditedInd
Audit CommitteeYes (1)AuditCommitteeInd
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$729,249CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$422,938CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$274,092CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$533,623CurrentTaxYearMinus1YearAmt
Current Tax Year$286,709CurrentTaxYearAmt
Total$2,246,611TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$729,249CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$422,938CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$274,092CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$533,623CurrentTaxYearMinus1YearAmt
Current Tax Year$286,709CurrentTaxYearAmt
Total$2,246,611TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$2,246,611PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$38,859CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$42,261CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$45,552CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$40,119CurrentTaxYearMinus1YearAmt
Current Tax Year$49,899CurrentTaxYearAmt
Total$216,690TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$7,967CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$8,966CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$9,672CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,495CurrentTaxYearMinus1YearAmt
Current Tax Year$6,222CurrentTaxYearAmt
Total$36,322TotalAmt
FieldValueIRS element (for citing)
Total Support$2,499,623TotalSupportAmt
Gross Receipts Rltd Activities$252,220GrossReceiptsRltdActivitiesAmt
Public Support CY1700.89880PublicSupportCY170Pct
Public Support PY1700.92010PublicSupportPY170Pct
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$2,377,130BeginningYearBalanceAmt
Investment Earnings Or Losses$343,716InvestmentEarningsOrLossesAmt
Other Expenditures$82,911OtherExpendituresAmt
Administrative Expenses$13,918AdministrativeExpensesAmt
End Year Balance$2,624,017EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

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 Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

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 Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

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

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,932,908BeginningYearBalanceAmt
Investment Earnings Or Losses$277,517InvestmentEarningsOrLossesAmt
Other Expenditures$177,697OtherExpendituresAmt
Administrative Expenses$10,898AdministrativeExpensesAmt
End Year Balance$2,021,830EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY1.00000BoardDesignatedBalanceEOYPct
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$601,223DepreciationAmt
Book Value$1,521,850BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$65,669OtherCostOrOtherBasisAmt
Depreciation$55,447DepreciationAmt
Book Value$10,222BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$11,361OtherCostOrOtherBasisAmt
Depreciation$9,637DepreciationAmt
Book Value$1,724BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$1,633,796TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
PAYROLL LIABILITIES$9,428
NET UNFUNDED POSTEMPLOYMENT BENEFIT RESTATED$23,289
FieldValueIRS element (for citing)
Total Liability$32,717TotalLiabilityAmt
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$23,466GrossReceiptsEvent1Amt
Gross Revenue Event1$23,466GrossRevenueEvent1Amt
Other Direct Expenses Event1$2,013OtherDirectExpensesEvent1Amt
Event2AUTHOR EVENTEvent2Nm
Gross Receipts Event2$56,797GrossReceiptsEvent2Amt
Gross Revenue Event2$56,797GrossRevenueEvent2Amt
Other Direct Expenses Event2$16,219OtherDirectExpensesEvent2Amt
Gross Receipts Total$80,263GrossReceiptsTotalAmt
Gross Revenue Total Events$80,263GrossRevenueTotalEventsAmt
Oth Direct Expnss Total Events$18,232OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$18,232DirectExpenseSummaryEventsAmt
Net Income Summary$62,031NetIncomeSummaryAmt

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 COMPARIABLE 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.

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.