Somesville Library Association
Nonprofit profile at a glance
- EIN
- 010230060
- IRS 990-EZ coverage
- 2021–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2020
- Location
- Mount Desert, ME, USA
- Phone
- 2072447404
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Libraries
Reported finances
- Revenue
- $54,289
- Expenses
- $40,158
- Assets
- $382,659
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
18 people listed
Executive titles in this filing
- LAURA SAVAGE (PRESIDENT)
People named in this filing
- LAURA SAVAGE (PRESIDENT)
- SCOTT MCFARLAND (VICE PRESIDE)
- DAN KANE (TREASURER)
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 somesville library was established over 130 years ago. Our mission remains to serve both year-round and summer visitors of somesville through programming, service, and community-building.
What it reported doing in 2024
Our librarian keeps the library stocked with the most interesting and readable fiction, non-fiction, biographies, books about Maine and children's selection
Operating model
- Revenue model
- Donor-supported. 76% of the money available for current operations came from contributions and gifts.
- 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 78
- Transparency & Controls: 82
- Sustainability: 71
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 72.8%; rating input score 73
- Program expense ratio: 86%; rating input score 86
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 26%; rating input score 79; 79th percentile among comparable filings
- Total-asset coverage ratio: 9.53; rating input score 92; 92nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 6% per year; rating input score 100; 65th percentile among comparable filings
- Revenue growth: -42.8% per year; rating input score 0; 7th percentile among comparable filings
- Asset growth: 7.4% per year; rating input score 100; 65th percentile among comparable filings
Details
- Where the money goes: 72.8% of revenue deployed · 86% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $35K in reported program spending
- Leadership: top reported pay $0 · 18 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 4 filing years from 2021 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- 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 — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.