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Nonprofiteer
← PORTLAND PUBLIC LIBRARY

Form 990 for tax year 2024

Filed by PORTLAND PUBLIC LIBRARY.

Totals

Total revenue
$7,452,972
Total expenses
$6,363,878
Contributions and grants received
$6,904,831
Grants paid
$0
Program service revenue
$72,553
Investment income
$475,588
Other revenue
$0
Total assets, end of year
$17,349,348
Total liabilities, end of year
$1,050,830
Net assets or fund balances, end of year
$16,298,518
Program services expenses (Part IX)
$5,487,613
Management and general expenses
$697,813
Fundraising expenses
$178,452
Program service expenses (Part III)
$5,487,613

Program services were 86.2% 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.

  • 1e · Government grants (contributions)

    $5,405,948

  • 1f · All other contributions, gifts and grants

    $1,498,883

  • 2a · Program service revenue: Library Fees

    total $72,553 · related or exempt $72,553

  • 3 · Investment income

    total $293,295 · excluded $293,295

  • 7a · Gross sales of assets other than inventory

    securities $1,540,002

  • 7b · Less cost or other basis and sales expenses

    securities $1,357,709

  • 7c · Gain or loss

    securities $182,293

  • 7d · Net gain or loss

    total $182,293 · excluded $182,293

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $161,910 · program services $48,572 · management and general $97,146 · fundraising $16,192

  • 7 · Other salaries and wages

    total $3,335,975 · program services $2,934,093 · management and general $302,723 · fundraising $99,159

  • 8 · Pension plan contributions

    total $309,534 · program services $274,031 · management and general $27,269 · fundraising $8,234

  • 9 · Other employee benefits

    total $688,941 · program services $616,496 · management and general $56,167 · fundraising $16,278

  • 11g · Fees: other

    total $239,326 · program services $106,510 · management and general $122,083 · fundraising $10,733

  • 13 · Office expenses

    total $49,032 · program services $44,303 · management and general $3,565 · fundraising $1,164

  • 14 · Information technology

    total $262,442 · program services $235,778 · management and general $20,103 · fundraising $6,561

  • 16 · Occupancy

    total $209,280 · program services $188,017 · management and general $16,031 · fundraising $5,232

  • 20 · Interest

    total $33,255 · program services $29,877 · management and general $2,547 · fundraising $831

  • 22 · Depreciation, depletion and amortization

    total $109,523 · program services $98,396 · management and general $8,389 · fundraising $2,738

  • 23 · Insurance

    total $55,966 · program services $50,280 · management and general $4,287 · fundraising $1,399

  • 24a · Other expenses: Books, Periodicals, and

    total $459,038 · program services $459,038

  • 24b · Other expenses: Maintenance and Securit

    total $325,402 · program services $292,341 · management and general $24,926 · fundraising $8,135

  • 24c · Other expenses: Equipment and Supplies

    total $106,885 · program services $96,315 · management and general $9,152 · fundraising $1,418

  • 24e · All other expenses

    total $17,369 · program services $13,566 · management and general $3,425 · fundraising $378

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $5,157,096 · end of year $5,280,320

  • 4 · Accounts receivable

    beginning of year $80,082 · end of year $99,498

  • 9 · Prepaid expenses and deferred charges

    beginning of year $103,355 · end of year $86,896

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

    $3,397,536

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

    $1,986,675

  • 10c · Land, buildings and equipment, net

    beginning of year $1,293,877 · end of year $1,410,861

  • 11 · Investments: publicly traded securities

    beginning of year $8,757,719 · end of year $10,062,819

  • 14 · Intangible assets

    beginning of year $3,940 · end of year $3,659

  • 15 · Other assets

    beginning of year $389,552 · end of year $405,295

  • 17 · Accounts payable and accrued expenses

    beginning of year $434,316 · end of year $435,793

  • 23 · Secured mortgages and notes payable

    beginning of year $637,220 · end of year $604,797

  • 25 · Other liabilities

    beginning of year $15,181 · end of year $10,240

  • 27 · Net assets without donor restrictions

    beginning of year $6,609,355 · end of year $6,843,464

  • 28 · Net assets with donor restrictions

    beginning of year $8,089,549 · end of year $9,455,054

Mission and programs · 2024

Mission

Portland Public Library is a welcoming cultural center that brings people together and connects them with trusted resources, ideas, experiences, and information. We build a stronger community by inspiring learning, creativity, and collaboration.

  • Portland Public Library operates five physical locations (four public branches and one offsite storage facility) and a bookmobile. PPL also provides an extensive online collection of materials and digital services. PPL is a nonprofit organization governed by a Board of Trustees and managed by professional staff. The library serves the City of Portland and, through a cooperative agreement with the Maine State Library, the residents of Cumberland and York Counties. In 2024, PPL added 5,064 new borrowers; offered 1,456 programs with total attendance of 22,598; responded to 37,089 reference inquiries; and recorded 937,136 circulations of print and digital materials.

    Expenses $5,487,613 · Revenue $72,553

As filed on the 2024 return.

Listed in Part VII

  • Erica Johanson

    President

    Total calculated
    $0
    Hours/week
    1
  • Lauren Epstein

    Vice President

    Total calculated
    $0
    Hours/week
    1
  • Mitchell Pierter

    Treasurer

    Total calculated
    $0
    Hours/week
    1
  • Stefanie Manning

    Secretary

    Total calculated
    $0
    Hours/week
    1
  • Linda Morton-Hebert

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Kyra Walker

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Nancy Osher Blumberg

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Kate Simmons

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • David Brenerman

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Campbell Badger

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Matt Purington

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Nate Stevens

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Sharon Sudbay

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Joe Walsh

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Caitlin Wahrer

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Kate Sykes

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Lydia Allen

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Kari Rasheed

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Sarah Moore

    Executive Director

    Total calculated
    $158,788
    From this org
    $134,670
    From related orgs
    $0
    Other
    $24,118
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,670
    Bonus
    $0
    Other
    $0
    Deferred
    $13,528
    Nontaxable benefits
    $10,590
    Filer's total
    $158,788

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 3
Executive Compensation - The Search Committee reviewed comparability data prior to establishing the compensation of the Executive Director. Thereafter the change in compensation has been subject to the collective bargaining agreement with all other employees.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
12 December 2025
IRS schema version
2024v5.2
Source object
202513509349301111

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