Redington Memorial Home
- Assets
- $5.5m
- Revenue
- $1.0m
- Investments
- $1.5m
- Employees
- 0
- Location
- Skowhegan, ME
- Founding
- 05/1940
- Data as of
- 12/2022
- 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 12/2022, Redington Memorial Home generated $1.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 4.1% 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
2022
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna W Finley Director | 0.5 | $0 | |
Ted Susi Treasurer | 15 | $12,000 | |
Katherine Quinn Secretary | 1 | $0 | |
Sally White Director | 0.5 | $0 | |
Joanne Hewitt Director | 0.5 | $0 | |
Susan Hoyt-Russell Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $37 |
| Dividends & Interest | $37,569 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$49,607 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,015,206 |
| Total Revenue | $1,003,205 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,000 |
| Other employee salaries and wages | $685,101 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $59,274 |
| Depreciation | $3,573 |
| Occupancy | $74,500 |
| Travel, conferences, and meetings | $568 |
| Printing and publications | $0 |
| Other expenses | $287,971 |
| Total operating and administrative expenses | $1,142,847 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,142,847 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,310 |
| Savings and temporary cash investments | $486,171 |
| 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 | $3,426,291 |
| Other assets | $0 |
| Total assets | $5,536,779 |
| 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 |