York Harbor Reading Room
- Assets
- $1.6m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 59
- Location
- York Harbor, ME
- Founding
- 05/1950
- Data as of
- 12/2023
- EIN
- 01-0186375
Organization Overview
York Harbor Reading Room is located in York Harbor, ME. The organization was established in 1950. According to its NTEE Classification (C99) the organization is classified as: Environment N.E.C., under the broad grouping of Environment and related organizations. As of 12/2023, York Harbor Reading Room employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. York Harbor Reading Room is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, York Harbor Reading Room generated $1.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. While expenses have increased by 3.4% per year over the past 9 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE YORK HARBOR READING ROOM IS TO ENCOURAGE AND MAINTAIN A PLACE FOR READING AND SOCIAL MEETINGS FOR ITS MEMBERS, INCLUDING THE HOLDING AND MAINTENANCE OF A CLUB HOUSE AND GROUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE YEAR THE ORGANIZATION OPERATED A SOCIAL CLUB FOR THE BENEFIT OF ITS MEMBERS. ACTIVITIES INCLUDED DINNERS, PRESENTATIONS, AND PERFORMANCES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tara Sherman Board Member | Trustee | 1 | $0 |
Samuel Finley Board Member | Trustee | 1 | $0 |
William Ethridge Vice President | Trustee | 1 | $0 |
Peter Driscoll President | Trustee | 1 | $0 |
Tyler Burns Board Member | Trustee | 1 | $0 |
Christopher Lindop Secretary | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $49,768 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $49,768 |
| Total Program Service Revenue | $682,238 |
| Investment income | $24,949 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $311,253 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,072,121 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $130,899 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $503,731 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $55,585 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $690 |
| Fees for services: Accounting | $4,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $11,466 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $149,815 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $70,389 |
| Insurance | $46,853 |
| All other expenses | $27,851 |
| Total functional expenses | $1,129,386 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $902 |
| Savings and temporary cash investments | $562,427 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $782 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $24,534 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,022,895 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,611,540 |
| Accounts payable and accrued expenses | $1,347 |
| Grants payable | $0 |
| Deferred revenue | $71,039 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $146,994 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $219,380 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $66,800 |
| Paid-in or capital surplus, or land, building, or equipment fund | $680,694 |
| Retained earnings, endowment, accumulated income, or other funds | $644,666 |
| Total liabilities and net assets/fund balances | $1,611,540 |