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Nonprofiteer
← MILLINOCKET LIBRARY SUPPORT CORPORATION

Form 990 for tax year 2023

Filed by MILLINOCKET LIBRARY SUPPORT CORPORATION.

Totals

Total revenue
$32,297
Total expenses
$102,170
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$32,000
Investment income
$297
Other revenue
$0
Total assets, end of year
$1,701,974
Total liabilities, end of year
$1,820,009
Net assets or fund balances, end of year
-$118,035
Program services expenses (Part IX)
$102,170
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$102,170

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: RENTAL INCOME

    total $32,000 · related or exempt $32,000

  • 3 · Investment income

    total $297 · excluded $297

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $2,170 · program services $2,170

  • 11g · Fees: other

    total $10,000 · program services $10,000

  • 20 · Interest

    total $22,913 · program services $22,913

  • 22 · Depreciation, depletion and amortization

    total $67,087 · program services $67,087

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $65,425 · end of year $94,639

  • 4 · Accounts receivable

    beginning of year $32,000 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $1,802,618

  • 10b · Land, buildings and equipment: accumulated depreciation

    $195,283

  • 10c · Land, buildings and equipment, net

    beginning of year $1,667,422 · end of year $1,607,335

  • 23 · Secured mortgages and notes payable

    beginning of year $1,813,009 · end of year $1,820,009

  • 27 · Net assets without donor restrictions

    beginning of year -$48,162 · end of year -$118,035

Mission and programs · 2023

Mission

IT WAS FORMED FOR THE PURPOSE OF SUPPORTING THE EXEMPT ACTIVITES OF THE SUPPORTED ORGANIZATION, INCLUDING ACQUIRING ITS REAL ESTATE TO ALLOW FOR THE FINANCING OF SUBSTANTIAL IMPROVEMENTS TO THE REAL ESTATE.

Activities or mission (Part I)

TO HOLD, MAINTAIN, AND PRESERVE THE REAL ESTATE USED IN CONNECTION WITH THE MILLINOCKET MEMORIAL LIBRARY.

  • THE CORPORATION WAS ORGANIZED TO OPERATE EXCLUSIVELY FOR CHARITABLE PURPOSES BY CONDUCTING AND SUPPORTING ACTIVITIES WHICH PROMOTE THE ADVANCEMENT AND FURTHER THE AIMS OF THE MILLINOCKET MEMORIAL LIBRARY.

    Expenses $102,170 · Revenue $32,000

As filed on the 2023 return.

Listed in Part VII

  • Diana Furukawa

    PRESIDENT

    Total calculated
    $60,760
    From this org
    $0
    From related orgs
    $60,760
    Other
    $0
    Hours/week
    1 + 40 related

  • Steve Sanders

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Alaina Daisey

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Nicole Brennan

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Albert Fowler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
23 April 2024
IRS schema version
2023v5.0
Source object
202431449349300503

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