Castine Community Hospital
- Assets
- $4.8m
- Revenue
- $239.2k
- Investments
- $697.9k
- Employees
- 0
- Location
- Castine, ME
- Founding
- 04/1935
- Data as of
- 04/2024
- EIN
- 01-0221126
Organization Overview
Castine Community Hospital is located in Castine, ME. The organization was established in 1935. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Castine Community Hospital 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 04/2024, Castine Community Hospital generated $239.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $199.8k during the year ending 04/2024. While expenses have increased by 9.9% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSES OF THE CORPORATION ARE TO MAINTAIN AND SUPPORT PHYSICIAN-DIRECTED HEALTH CARE AND TO ENGAGE IN AND CONDUCT CHARITABLE, EDUCATIONAL AND SCIENTIFIC ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT FOR RURAL HEALTH DIVISION OF BLUE HILL MEMORIAL HOSPITAL TO PROVIDE HEALTH CARE SERVICE IN THE CASTINE AREA. DIRECT CARE WAS NOT PROVIDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sara B Leighton Director | Trustee | 0.38 | $0 |
Jeff Ackerman Director | Trustee | 0.38 | $0 |
Elizabeth O Lastati Director | Trustee | 0.38 | $0 |
Jinnie Perkins Vice President | OfficerTrustee | 0.38 | $0 |
Robert Vagt Presidenttreasurer | OfficerTrustee | 0.38 | $0 |
Deborah J Neve Secretary | OfficerTrustee | 0.38 | $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 | $158,034 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $158,034 |
| Total Program Service Revenue | $30,046 |
| Investment income | $51,149 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $239,229 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $70,830 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,250 |
| Fees for services: Accounting | $2,490 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $75,292 |
| 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 | $15,609 |
| Insurance | $7,762 |
| All other expenses | $26,573 |
| Total functional expenses | $199,806 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $250 |
| Savings and temporary cash investments | $58,796 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $312 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $287,067 |
| Investments—publicly traded securities | $3,737,290 |
| Investments—other securities | $697,885 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,781,600 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,153 |
| Total liabilities | $2,153 |
| Net assets without donor restrictions | $4,081,562 |
| Net assets with donor restrictions | $697,885 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,781,600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Healthreach Community Health Centers Waterville, ME | $40,908,495 | $37,789,853 |
Bucksport Regional Health Center Bucksport, ME | $10,186,939 | $12,455,204 |
West Central Services Inc Lebanon, NH | $9,414,106 | $10,745,388 |
Sacopee Valley Health Center Porter, ME | $6,757,698 | $9,431,868 |
Maine Mobile Health Program Inc Augusta, ME | $999,617 | $2,415,079 |
Castine Community Hospital Castine, ME | $4,781,600 | $239,229 |
Richmond Area Helth Center Inc Richmond, ME | $510,341 | $100,945 |
Massabesic Lions Club Regional Medical Center Waterboro, ME | $168,340 | $0 |
Arnold Memorial Medical Building Society Jonesport, ME | $637,188 | $61,227 |