Friends Of The Minot Sleeper Library

Friends Of The Minot Sleeper Library faces consistent net losses, leading to a steady decline in assets.

EIN: 10598175 · Bristol, NH · NTEE: B11 · Updated: 2026-03-28

$7KRevenue

$14KAssets

65/100Mission Score (Good)

B11

About Friends Of The Minot Sleeper Library

Friends Of The Minot Sleeper Library (EIN: 10598175) is a nonprofit organization based in Bristol, NH, classified under NTEE code B11. The organization reported total revenue of $7K and total assets of $14K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of The Minot Sleeper Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Friends Of The Minot Sleeper Library operates on a very small scale, with recent annual revenues around $6,000-$7,000. The organization consistently reports zero liabilities and zero officer compensation, indicating a lean operational structure and a commitment to volunteer-driven efforts. However, the organization has experienced a consistent decline in assets over the past decade, from $57,491 in 2015 to $18,303 in 2023, suggesting that expenses frequently outpace revenue. For instance, in 2023, expenses were $7,229 against revenues of $6,453, leading to a net loss. This trend, while not immediately critical given the low liability, points to a need for more robust fundraising or tighter expense management to maintain long-term financial stability and prevent further asset erosion. The lack of detailed expense breakdowns in the provided data makes it difficult to fully assess spending efficiency beyond the overall revenue-expense comparison.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Friends Of The Minot Sleeper Library with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Friends Of The Minot Sleeper Library allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all filings, indicating that its leadership is entirely volunteer-based, which is commendable for a small nonprofit.

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 Minot Sleeper Library's IRS 990 filings:

Consistent net losses: Expenses frequently exceed revenue (e.g., $7,229 expenses vs. $6,453 revenue in 2023).
Declining asset base: Assets have decreased from $57,491 in 2015 to $18,303 in 2023.
Significant negative revenue reported in 2015 (-$23,748), which warrants further investigation.

Strengths

The following positive indicators were identified for Friends Of The Minot Sleeper Library:

Zero officer compensation: All leadership is volunteer-based, indicating dedication and low administrative costs.
Zero liabilities: The organization maintains a debt-free status, which is a strong indicator of financial prudence.
Consistent filing history: 13 filings demonstrate a commitment to transparency and compliance.

Frequently Asked Questions about Friends Of The Minot Sleeper Library

Is Friends Of The Minot Sleeper Library financially sustainable given its consistent net losses?

The organization has consistently spent more than it earned in most recent years (e.g., $7,229 expenses vs. $6,453 revenue in 2023), leading to a decline in assets from $57,491 in 2015 to $18,303 in 2023. While current liabilities are zero, this trend is not sustainable long-term without increased revenue or reduced expenses.

How does the lack of officer compensation impact the organization?

The 0% officer compensation indicates a fully volunteer-led organization, which minimizes administrative overhead and maximizes funds available for its mission. However, it might also limit the capacity for strategic growth or complex operations that could benefit from paid professional leadership.

What caused the significant negative revenue in 2015?

The filing for Period 201512 shows a revenue of $-23,748. Without further detail from the full 990 form, it's difficult to pinpoint the exact cause, but it could be due to significant asset sales at a loss, investment losses, or a major accounting adjustment.

Filing History

IRS 990 filing history for Friends Of The Minot Sleeper Library showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Friends Of The Minot Sleeper Library's revenue has declined by 94.3%, moving from $113K to $6K. Total assets decreased by 85.6% over the same period, from $127K to $18K. Total functional expenses rose by 89.6%, from $4K to $7K. In its most recent filing year (2023), Friends Of The Minot Sleeper Library reported a deficit of $776, with expenses exceeding revenue.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$6K	$7K	$18K	$0	—	View 990
2022	$7K	$7K	$19K	$0	—	View 990
2021	$5K	$6K	$19K	$0	—	—
2020	$4K	$5K	$20K	$0	—	View 990
2019	$7K	$8K	$21K	$0	—	View 990
2018	$5K	$6K	$22K	$0	—	View 990
2017	$8K	$8K	$23K	$0	—	—
2016	$5K	$7K	$22K	$0	—	View 990
2015	$-23,748	$5K	$57K	$0	—	View 990
2014	$4K	$7K	$26K	$0	—	View 990
2013	$13K	$182K	$29K	$0	—	View 990
2012	$74K	$4K	$197K	$0	—	View 990
2011	$113K	$4K	$127K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $6K, expenses of $7K, and assets of $18K (revenue -3.9% year-over-year).
2022: Revenue of $7K, expenses of $7K, and assets of $19K (revenue +45.5% year-over-year).
2021: Revenue of $5K, expenses of $6K, and assets of $19K (revenue +20.2% year-over-year).
2020: Revenue of $4K, expenses of $5K, and assets of $20K (revenue -45.4% year-over-year).
2019: Revenue of $7K, expenses of $8K, and assets of $21K (revenue +28.6% year-over-year).
2018: Revenue of $5K, expenses of $6K, and assets of $22K (revenue -35.7% year-over-year).
2017: Revenue of $8K, expenses of $8K, and assets of $23K (revenue +79.8% year-over-year).
2016: Revenue of $5K, expenses of $7K, and assets of $22K.
2015: Revenue of $-23,748, expenses of $5K, and assets of $57K (revenue -755.5% year-over-year).
2014: Revenue of $4K, expenses of $7K, and assets of $26K (revenue -72.9% year-over-year).
2013: Revenue of $13K, expenses of $182K, and assets of $29K (revenue -82.0% year-over-year).
2012: Revenue of $74K, expenses of $4K, and assets of $197K (revenue -34.2% year-over-year).
2011: Revenue of $113K, expenses of $4K, and assets of $127K.

Data Sources and Methodology

This transparency report for Friends Of The Minot Sleeper 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.