Redington Memorial Home
- Assets
- $5.7m
- Revenue
- $807.3k
- Investments
- $2.1m
- Employees
- 0
- Location
- Skowhegan, ME
- Founding
- 05/1940
- Data as of
- 12/2021
- EIN
- 01-0211547
Organization Overview
Redington Memorial Home is located in Skowhegan, ME. The organization was established in 1940. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Redington Memorial Home 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 12/2021, Redington Memorial Home generated $807.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S RESOURCES ARE DEVOTED ENTIRELY TO MAINTAINING AND OPERATING THE REDINGTON MEMORIAL HOME, ESTABLISHED FOR THE CHARITABLE AND BENEVOLENT CARE OF MEN AND WOMEN.
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 |
|---|---|---|---|
Ted Susi Treasurer | 15 | $12,000 | |
Donna W Finley Director | 0.5 | $0 | |
Joanne Hewitt Director | 0.5 | $0 | |
Sally White Director | 0.5 | $0 | |
Katherine Quinn Secretary | 1 | $0 | |
Susan Hoyt-Russell Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $33 |
| Dividends & Interest | $41,392 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $48,126 |
| Capital Gain Net Income | $48,126 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $717,762 |
| Total Revenue | $807,313 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,000 |
| Other employee salaries and wages | $567,058 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $51,196 |
| Depreciation | $3,573 |
| Occupancy | $66,927 |
| Travel, conferences, and meetings | $869 |
| Printing and publications | $0 |
| Other expenses | $321,356 |
| Total operating and administrative expenses | $1,045,077 |
| Contributions, gifts, grants paid | $500 |
| Total expenses and disbursements | $1,045,577 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,989 |
| Savings and temporary cash investments | $151,977 |
| 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 | $3,429,864 |
| Other assets | $0 |
| Total assets | $5,676,421 |
| 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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pineland Farms Inc New Gloucester, ME | $0 | $7,727,361 |
Friends Of Katahdin Woods And Waters Portland, ME | $3,235,909 | $4,395,380 |
Castle Preservation Society Moultonborough, NH | $5,902,914 | $2,624,802 |
New Hampshire Preservation Alliance Concord, NH | $1,795,974 | $996,866 |
Sanborn Mills Inc Loudon, NH | $9,770,900 | $2,099,813 |
Redington Memorial Home Skowhegan, ME | $5,676,421 | $807,313 |
Plant Memorial Home Bath, ME | $3,482,192 | $671,466 |
Northeast Historic Film Bucksport, ME | $2,734,855 | $505,796 |
American Lighthouse Foundation Rockland, ME | $2,266,614 | $410,919 |
Kaler-Vaill Memorial Home Scarborough, ME | $8,374,987 | $683,742 |
Rochester Opera House Inc Rochester, NH | $977,163 | $769,630 |
Brooks Preservation Society Unity, ME | $1,366,306 | $367,590 |