Bar Harbor Village Improvement Association
- Assets
- $1.3m
- Revenue
- $379.5k
- Investments
- $617.9k
- Employees
- 0
- Location
- Bar Harbor, ME
- Founding
- 03/1996
- Data as of
- 07/2024
- EIN
- 01-0024907
Organization Overview
Bar Harbor Village Improvement Association is located in Bar Harbor, ME. The organization was established in 1996. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bar Harbor Village Improvement Association is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 07/2024, Bar Harbor Village Improvement Association generated $379.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 27.8% each year . All expenses for the organization totaled $79.0k during the year ending 07/2024. While expenses have increased by 27.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAIN AND BEAUTIFY THE DEGREGORIE PARK
MAINTAIN AND BEAUTIFY THE SHORE PATH
MAINTAIN AND BEAUTIFY THE GLEN MARY PARK
MAINTAIN AND BEAUTIFY THE HOWE PARK
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Cough President | 0 | $0 | |
Andrew Shea Vice Preside | 0 | $0 | |
Jonathan Nicholson Treasurer | 0 | $0 | |
Thomas Testa Director | 0 | $0 | |
Jefferson Dobbs Director | 0 | $0 | |
Kim Swan Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $332,612 |
| Interest on Savings | $1,084 |
| Dividends & Interest | $45,231 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $27 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $550 |
| Total Revenue | $379,504 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $465 |
| Depreciation | $0 |
| Occupancy | $987 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $66,718 |
| Total operating and administrative expenses | $74,044 |
| Contributions, gifts, grants paid | $5,000 |
| Total expenses and disbursements | $79,044 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $720,075 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,337,999 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Bar Harbor Village Improvement Association has awarded $3,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BAR HARBOR HISTORICAL SOCIETY PURPOSE: DONATION | $2,000 |
MDI HISTORICAL SOCIETY PURPOSE: DONATION | $1,500 |