2025-11-10T15:13:48-06:00 2024-12-31 010372413 CUMMINGS LAMONT & MCNAMEE PLLC ONE NEW HAMPSHIRE AVE SUITE 100 PORTSMOUTH NH 03801 990 2024-01-01 010262394 LOUIS T GRAVES MEMORIAL PUBLIC LIBRARY LOUI 2079672778 18 MAINE STREET PO BOX 391 KENNEBUNKPORT ME 04046 WILLIAM WEIDNER TREASURER 2079672778 2025-11-10 1 0 WANDA RING CPA P00324469 6034306200 2024 2025-03-06 01:10:19Z 18 MAINE STREET PO BOX 391 KENNEBUNKPORT ME 04046 2061228 0 X WWW.GRAVESLIBRARY.ORG X 1941 ME OPERATION OF FREE PUBLIC LIBRARY 14 14 11 45 0 0 360350 499587 0 0 153122 268544 82124 119111 595596 887242 0 0 0 0 291001 282970 0 0 7229 228894 246196 519895 529166 75701 358076 4454449 4804403 29567 2191 4424882 4802212 TO OPERATE AND MAINTAIN A FREE PUBLIC LIBRARY IN KENNEBUNKPORT MAINE. 0 0 496607 THE LARGEST PROGRAM IS MAINTAINING THE LIBRARY THROUGH PURCHASES OF BOOKS AND LIBRARY MATERIALS, AND TO SUPPORT LIBRARY STAFF AND GENERAL OPERATING EXPENSES. 496607 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 5 0 11 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 1 1 1 1 0 X X THE ORGANIZATION 2079672778 18 MAINE STREET PO BOX 391 KENNEBUNKPORT ME 04046 X MARY LOU BOUCOUVALAS LIBRARY DIRECTOR 40.00 X X 0 0 0 CONNIE DYKSTRA PRESIDENT 4.00 X X 0 0 0 WILLIAM WEIDNER TREASURER 4.00 X X 0 0 0 LANI DIETZ TRUSTEE 4.00 X 0 0 0 JOHN ESSER TRUSTEE 4.00 X 0 0 0 DENISE IAFOLLA TRUSTEE 4.00 X 0 0 0 VICKY LAMARRE TRUSTEE 4.00 X 0 0 0 STEPHEN SESSLER TRUSTEE 4.00 X 0 0 0 ROSEMARY SHORE TRUSTEE 4.00 X 0 0 0 SARAH VANDER SCHAAFF TRUSTEE 4.00 X 0 0 0 MICHAEL DONAGHY VICE PRESIDENT 4.00 X X 0 0 0 CHRISTOPHER WIGLE TRUSTEE 4.00 X 0 0 0 LELA WILLIAMS SECRETARY 4.00 X X 0 0 0 JANET POWELL CORRESPONDING SECRETARY 4.00 X X 0 0 0 0 0 0 0 0 0 0 0 185000 314587 499587 80497 80497 1342156 1154109 188047 188047 188047 105336 19877 85459 85459 MISCELLANEOUS INCOME 900099 29479 29479 BOOK FINES 900099 2955 2955 PHOTOCOPIER INCOME 900099 798 798 420 420 33652 887242 221699 0 165956 256303 256303 6353 6353 20314 20314 11625 11625 13705 13705 1428 1428 32418 32418 44332 44332 MISCELLANEOUS 53038 53038 BOOKS & MAGAZINES 27492 27492 SERVICES 20788 20788 SUPPLIES 17815 17815 23555 16326 7229 529166 496607 25330 7229 86947 60002 442512 513639 610 745 2300103 809728 1534707 1490375 2389673 2739642 4454449 4804403 29567 2191 29567 2191 X 4424882 4802212 4424882 4802212 4454449 4804403 358076 19254 0 X X 1 X 0 1 0 X 533623 286709 266316 360350 499587 1946585 533623 286709 266316 360350 499587 1946585 1946585 40119 49899 54504 65991 80497 291010 3495 6222 6191 7857 9960 33725 2271320 502588 0.85700 0.85600 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 2334937 248474 91255 13705 2478451 2144162 296118 92574 12769 2334937 2624017 -376847 89713 13295 2144162 2377130 343716 82911 13918 2624017 2075794 80000 353329 78917 11760 2377130 0 0 2223073 732698 1490375 65669 65669 0 11361 11361 0 1490375 PAYROLL LIABILITIES 2191 2191 X PART III, LINE 1A: INEXHAUSTIBLE COLLECTIONS AND BOOKS - BECAUSE THE VALUES OF THE EXISTING INEXHAUSTIBLE COLLECTIONS, INCLUDING RESEARCH BOOKS, ARE NOT READILY DETERMINABLE, THE LIBRARY HAS NOT CAPITALIZED THEM. ACCESSIONS AND DEACCESSIONS DURING THE YEAR WERE NOT SIGNIFICANT. BOOKS USED IN THE CIRCULATING LIBRARY HAVE NOT BEEN CAPITALIZED BECAUSE THEIR ESTIMATED USEFUL LIVES ARE LESS THAN ONE YEAR. THE LIBRARY SPENT $26,864 IN 2023 TO ACQUIRE NEW BOOKS AND PERIODICALS. PART III, LINE 4: THE LOUIS T. GRAVES MEMORIAL PUBLIC LIBRARY SEEKS TO PROVIDE FOR THE RECREATIONAL, INFORMATIONAL, CULTURAL, AND INTELLECTUAL NEEDS OF THE COMMUNITY THROUGH A WIDE VARIETY OF RESOURCES IN MULTIPLE FORMATS REPRESENTING DIVERSE INTERESTS AND MANY DIFFERENT VIEWPOINTS. RESIDENTS OF KENNEBUNKPORT, KENNEBUNK, CAPE PORPOISE, WELLS, OR ARUNDEL (INCLUDING GENERAL AREA) ARE WELCOME TO A FREE LIBRARY CARD. THIS LIBRARY CARD ALLOWS PATRONS TO BORROW BOOKS, MAGAZINES, VIDEOCASSETTES AND DVDS, AUDIOBOOKS, PUZZLES, AND PAMPHLETS. THE LIBRARY SUPPORTS THE AMERICAN LIBRARY ASSOCIATION'S BILL OF RIGHTS AND ALSO ENDORSES THE FREEDOM TO READ STATEMENT OF THE AMERICAN LIBRARY ASSOCIATION. ADDITIONAL INFORMATION MAY BE FOUND IN THE LOUIS T. GRAVES MEMORIAL PUBLIC LIBRARY MATERIALS SELECTION POLICY. PART V, LINE 4: THE ENDOWMENT FUNDS ARE TO PROVIDE FUNDS AS NEEDED FOR ANNUAL BUDGETARY PURPOSES. BY BOARD VOTE IN JULY 2008, NO MORE THAN 4% OF THE AVERAGE OF THE FUND'S BALANCE ON SEPTEMBER 30 OF THE PREVIOUS THREE YEARS MAY BE WITHDRAWN TO SUPPLEMENT THE ANNUAL OPERATING BUDGET. PART X, LINE 2: THE FEDERAL INFORMATION RETURNS OF THE LIBRARY ARE SUBJECT TO EXAMINATION, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. BOOK SALES 29395 29395 2454 AUTHOR EVENT 75941 75941 17423 105336 105336 19877 19877 85459 FORM 990, PART VI, SECTION A, LINE 8B N/A - COMMITTEES OF THE ORGANIZATION DO NOT HAVE AUTHORITY TO ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT COPY OF THE 990 WAS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE LIBRARY DIRECTOR IS DETERMINED BY THE PERSONNEL COMMITTEE. THE COMMITTEE REVIEWS COMPARABLE SALARIES AND UPON THOUGHTFUL DELIBERATION DETERMINES THE DIRECTOR'S COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE LIBRARY DOES HAVE A CONFLICT OF INTEREST POLICY. ALL GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS OF THE LIBRARY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM XII, LINE 2C THE COMPILED FINANCIAL IS REVIEWED BY BOTH MANAGEMENT AND THE BOARD BEFORE IT IS FINALIZED AND ISSUED. SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION THE ORGANIZATION IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F) FOR THE YEAR ENDED DECEMBER 31, 2023.