Friends Of The Millinocket Memorial Library

Friends Of The Millinocket Memorial Library consistently reports zero officer compensation and no liabilities, despite fluctuating revenues and expenses.

EIN: 10525313 · Millinocket, ME · NTEE: B19 · Updated: 2026-03-28

$5KRevenue
$5KGross Revenue
$0Assets
85/100Mission Score (Excellent)
B19

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Friends Of The Millinocket Memorial Library Financial Summary
MetricValue
Total Revenue$5K
Total Expenses$22K
Program Spending90%
Net Assets$34K
Transparency Score85/100

Search Intent Cockpit

Friends Of The Millinocket Memorial Library Form 990, Revenue, CEO Pay, and IRS Filing Signals

Friends Of The Millinocket Memorial Library is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Friends Of The Millinocket Memorial Library in one place.

Form 990 Filing Summary

9 filing years are available, with latest revenue of $19K and expenses of $22K.

Revenue and Expenses

Friends Of The Millinocket Memorial Library reported $19K in revenue and $22K in expenses, a deficit of $3K.

Executive Compensation

Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.

Charity Score and Red Flags

85/100 mission score, 2 red flags, and 4 strengths are shown from structured and AI review.

Is Friends Of The Millinocket Memorial Library Legit?

Some Concerns

GoodFiling Consistency
ExcellentSpending Efficiency
GoodTransparency
2 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

PendingDonor/Grant Funding
90%Program Expense
$0Grants Paid
9Stored Filing Years

Revenue Source Mix

Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.

Expense Deployment

Friends Of The Millinocket Memorial Library Expense Deployment
Program services$20K (90%)

Across stored filings, Friends Of The Millinocket Memorial Library shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Friends Of The Millinocket Memorial Library Donor Decision Matrix
Decision LensSignalWhat to Inspect Next
LegitimacySome ConcernsGood filing record; 2 red flags identified
Mission spend90% to programsExcellent
Financial durabilityGrade B9 stored filing years
Peer contextCompare with Maine Composite Materials Applied Technology Development CenterMaine and Education context

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Friends Of The Millinocket Memorial Library directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Friends Of The Millinocket Memorial Library

Friends Of The Millinocket Memorial Library (EIN: 10525313) is a nonprofit organization based in Millinocket, ME, classified under NTEE code B19. The organization reported total revenue of $5K and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of The Millinocket Memorial Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

14Years Operating
MicroSize Classification
9Years of Filings
MixedRevenue Trajectory

Friends Of The Millinocket Memorial Library is a micro nonprofit that has been operating for 14 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of -12.5%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Total Revenue$19K
Total Expenses$22K
Surplus / Deficit$-3,272
Total Assets$34K
Net Assets$34K
Operating Margin-17.1%
Months of Reserves18.2 months

Financial Health Grade: B

In 2023, Friends Of The Millinocket Memorial Library reported a deficit of $3K with expenses exceeding revenue, holds 18.2 months of operating reserves (strong position).

Financial Trends

Over 9 years of filings (2015–2023), Friends Of The Millinocket Memorial Library's revenue has declined at a compound annual growth rate (CAGR) of -12.5%.

YearRevenue ChangeExpense ChangeAsset Change
2023-37.1%+2.0%-8.8%
2022+68.3%-3.6%+29.5%
2021+64.2%-7.2%-14.0%
2020-63.3%-2.0%-28.8%
2019-89.3%-91.2%+11.9%

IRS Tax-Exempt Classification

IRS Classification Codes1200
IRS Ruling Date2012

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

Friends Of The Millinocket Memorial Library demonstrates a consistent commitment to its mission, as evidenced by its 0% officer compensation across all reported periods, indicating that all resources are directed towards the organization's objectives. While the organization's revenue and expenses have fluctuated significantly over the years, with a peak revenue of $344,925 in 2017 and a more recent revenue of $19,174 in 2023, its liabilities have consistently remained at $0, suggesting sound financial management and a lack of debt. The organization's assets have also shown variability, peaking at $118,745 in 2016 and standing at $34,086 in 2023. The organization's financial health appears stable, albeit with a smaller operational scale in recent years compared to its peak. The absence of officer compensation is a strong indicator of transparency and a focus on program delivery. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories in the provided data, a precise assessment of spending efficiency is challenging. The consistent lack of liabilities is a significant positive, demonstrating fiscal responsibility.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Friends Of The Millinocket Memorial Library with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

  • admin: 10%
  • programs: 90%
  • fundraising: 0%

According to IRS 990 filings, Friends Of The Millinocket Memorial Library allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

$19KTotal Revenue
$22KTotal Expenses
$34KTotal Assets
$34KNet Assets
  • The organization reported a deficit of $3K, with expenses exceeding revenue.

Executive Compensation Analysis

Executive compensation is consistently reported at 0% across all filings, indicating that no officers or key employees receive salaries from the organization, which is highly commendable for a nonprofit of its size.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Friends Of The Millinocket Memorial Library's IRS 990 filings:

  • Significant year-over-year fluctuations in revenue and expenses, indicating potential instability in funding sources.
  • Lack of detailed expense breakdown (program, admin, fundraising) in the provided data makes precise spending efficiency analysis difficult.

Strengths

The following positive indicators were identified for Friends Of The Millinocket Memorial Library:

  • Consistent 0% officer compensation, demonstrating strong commitment to mission and efficient use of funds.
  • Consistently reports $0 in liabilities, indicating excellent financial management and no debt.
  • Strong transparency regarding executive compensation.
  • Assets have been maintained over time, providing a financial cushion despite revenue fluctuations.

Frequently Asked Questions about Friends Of The Millinocket Memorial Library

Is Friends Of The Millinocket Memorial Library a legitimate charity?

Friends Of The Millinocket Memorial Library (EIN: 10525313) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 9 years of IRS 990 filings on record. Total revenue: $5K. 2 red flags identified. 4 strengths noted. Financial health grade: B.

How does Friends Of The Millinocket Memorial Library spend its money?

Friends Of The Millinocket Memorial Library directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.

Are donations to Friends Of The Millinocket Memorial Library tax-deductible?

Friends Of The Millinocket Memorial Library is registered as a tax-exempt nonprofit (EIN: 10525313). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

How does Friends Of The Millinocket Memorial Library compare to similar nonprofits?

With a transparency score of 85/100 (Excellent), Friends Of The Millinocket Memorial Library is above average for NTEE category B19 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.

Where is Friends Of The Millinocket Memorial Library located?

Friends Of The Millinocket Memorial Library is headquartered in Millinocket, Maine and files with the IRS under EIN 10525313. It is classified under NTEE code B19.

How many years of IRS 990 filings does Friends Of The Millinocket Memorial Library have?

Friends Of The Millinocket Memorial Library has 9 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $5K in total revenue.

How does Friends Of The Millinocket Memorial Library sustain its operations with 0% officer compensation?

The organization's consistent reporting of 0% officer compensation suggests that its leadership is either volunteer-based or compensated through other means not reported as officer compensation on the 990, allowing all revenue to support the library's mission.

What caused the significant fluctuations in revenue and expenses between 2017 and 2023?

The data shows a peak revenue of $344,925 in 2017 and a subsequent decrease to $19,174 in 2023. This could be due to large one-time grants, specific fundraising campaigns, or changes in donor base, but the provided data does not specify the exact reasons.

What is the primary source of funding for the organization given its fluctuating revenue?

While the specific sources are not detailed in the provided data, the variability in revenue suggests a reliance on grants, individual donations, or specific fundraising events rather than a consistent, large endowment or recurring institutional funding.

Filing History

IRS 990 filing history for Friends Of The Millinocket Memorial Library showing financial trends over 9 years of public records:

Over 9 years of IRS 990 filings (2015–2023), Friends Of The Millinocket Memorial Library's revenue has declined by 65.5%, moving from $56K to $19K. Total assets decreased by 48.7% over the same period, from $66K to $34K. Total functional expenses rose by 258.7%, from $6K to $22K. In its most recent filing year (2023), Friends Of The Millinocket Memorial Library reported a deficit of $3K, with expenses exceeding revenue.

YearRevenueExpensesAssetsLiabilitiesOfficer Comp. %PDF
2023 $19K $22K $34K $0
2022 $31K $22K $37K $0 View 990
2021 $18K $23K $29K $0 View 990
2020 $11K $25K $34K $0 View 990
2019 $30K $25K $47K $0 View 990
2018 $282K $286K $42K $0 View 990
2017 $345K $418K $46K $0
2016 $73K $21K $119K $0 View 990
2015 $56K $6K $66K $0 View 990

Year-by-Year Financial Summary

  • 2023: Revenue of $19K, expenses of $22K, and assets of $34K (revenue -37.1% year-over-year).
  • 2022: Revenue of $31K, expenses of $22K, and assets of $37K (revenue +68.3% year-over-year).
  • 2021: Revenue of $18K, expenses of $23K, and assets of $29K (revenue +64.2% year-over-year).
  • 2020: Revenue of $11K, expenses of $25K, and assets of $34K (revenue -63.3% year-over-year).
  • 2019: Revenue of $30K, expenses of $25K, and assets of $47K (revenue -89.3% year-over-year).
  • 2018: Revenue of $282K, expenses of $286K, and assets of $42K (revenue -18.4% year-over-year).
  • 2017: Revenue of $345K, expenses of $418K, and assets of $46K (revenue +371.5% year-over-year).
  • 2016: Revenue of $73K, expenses of $21K, and assets of $119K (revenue +31.7% year-over-year).
  • 2015: Revenue of $56K, expenses of $6K, and assets of $66K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Friends Of The Millinocket Memorial Library:

2023 Filing 2022 Filing 2021 Filing 2020 Filing 2019 Filing 2018 Filing 2017 Filing 2016 Filing 2015 Filing

Data Sources and Methodology

This transparency report for Friends Of The Millinocket Memorial Library is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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