Seal Harbor Library Association
Nonprofit profile at a glance
- EIN
- 010358064
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2019
- Location
- Seal Harbor, ME, USA
- Phone
- 2072765306
- Rating
- 61
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Libraries
Reported finances
- Revenue
- $50,419
- Expenses
- $23,634
- Assets
- $322,191
- Liabilities
- $1,843
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- WENDY WILLIS LIVINGSTON (PRESIDENT)
People named in this filing
- WENDY WILLIS LIVINGSTON (PRESIDENT)
- HENRY OGILBY (TREASURER)
- ELIZABETH GORDON (TRUSTEE)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of the seal harbor library is to provide resources, programs, and services that promote the joy of lifelong learning and reading and to offer a welcoming place for people to gather and share experiences.
What it reported doing in 2024
Since its founding in 1891, the seal harbor library has provided services to the year-round and seasonal communities of mount desert island. The library continues to add to its collections of the latest bestseller fiction and nonfiction, large print, children's, young adult, and local interest titles. There are also magazines, periodicals, dvds, and audio books available to borrow as well as high speed internet access.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 34
- Transparency & Controls: 100
- Sustainability: 81
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 22.4%; rating input score 22
- Program expense ratio: 55.2%; rating input score 55
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 53.1%; rating input score 92; 92nd percentile among comparable filings
- Total-asset coverage ratio: 13.63; rating input score 94; 94th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 31; 31st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 22.4% of revenue deployed · 55.2% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $13K in reported program spending
- Leadership: top reported pay $0 · 14 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 22/100.
- Review — Financial Efficiency: Program expense ratio scored 55/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 31/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.