Maine Charitable Mechanic Association
- Assets
- $1.3m
- Revenue
- $566.6k
- Investments
- $733.8k
- Employees
- 0
- Location
- Portland, ME
- Founding
- 12/1943
- Data as of
- 03/2022
- EIN
- 01-0248533
Organization Overview
Maine Charitable Mechanic Association is located in Portland, ME. The organization was established in 1943. According to its NTEE Classification (T03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maine Charitable Mechanic 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 03/2022, Maine Charitable Mechanic Association generated $566.6k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 22.7% each year . All expenses for the organization totaled $329.9k during the year ending 03/2022. While expenses have increased by 19.3% per year over the past 6 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
HISTORIC PRESERVATION, RESTORATION AND MAINTENANCE OF LANDMARK BUILDING, MECHANICS' HALL, AND ITS ARCHIVAL COLLECTIONS INCLUDING THE 8TH OLDEST MEMBER SUPPORTED CURCULATING LIBRARY IN THE US WITH APPROXIMATELY 400 MEMBERS AND 25,000 VISITORS PER YEAR.
YEAR ROUND ADULT AND YOUTH PUBLIC PROGRAMS INCLUDING KIDS CODING, LIVE MUSIC, DANCE PERFORMANCES, LITERARY EVENTS, ART EXHIBITS, PANEL DISCUSSIONS, BOOK AND CRAFT CLUBS, APPROXIMATELY 8,000 ATTENDEES.
MCMA OFFERS YEAR ROUND PROGRAMS INCLUDING LIVE MUSIC, DANCE PERFORMANCES, LITERARY EVENTS, ART EXHIBITS, PANEL DISCUSSIONS, BOOK AND CRAFT CLUBS AND OUR MAKERS AT THE HALL PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Annie Leahy Executive Director | 40 | $59,000 | |
Suzette Bois Treasurer | 1 | $0 | |
Richard Spencer Board Member | 1 | $0 | |
Katharine Hickey Board Member | 1 | $0 | |
Kristopher Kleva Board Member | 1 | $0 | |
Paul Stevens Vice President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $405,344 |
| Interest on Savings | $0 |
| Dividends & Interest | $19,800 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $141,492 |
| Total Revenue | $566,636 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $59,000 |
| Other employee salaries and wages | $67,340 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $23,560 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $379 |
| Printing and publications | $542 |
| Other expenses | $151,991 |
| Total operating and administrative expenses | $329,934 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $329,934 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,669 |
| Savings and temporary cash investments | $89,560 |
| Net Accounts receivable | $38,077 |
| 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 | $391,618 |
| Other assets | $54,759 |
| Total assets | $1,316,480 |
| Accounts payable and accrued expenses | $11,098 |
| 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 | $47,512 |
| Total liabilities | $58,610 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Maine Charitable Mechanic Association has recieved totaling $114,825.
| Awarding Organization | Amount |
|---|---|
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Arts & Culture, Building Repairs | $52,500 |
Davis Family Foundation Yarmouth, ME PURPOSE: Restoration and Repair of the Historic "Clerestory" Roof of Mechanics' Hall, Congress Street's Italianate Landmark | $50,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $12,325 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Actblue Charities Inc Somerville, MA | $10,807,217 | $75,448,827 |
New Hampshire Charitable Foundation Concord, NH | $946,933,381 | $84,058,560 |
Harold Alfond Foundation Portland, ME | $813,380,857 | $317,083,832 |
Harold Grinspoon Foundation Agawam, MA | $968,665,027 | $58,159,410 |
Maine Community Foundation Inc Ellsworth, ME | $775,677,002 | $98,048,575 |
United Way Of Massachusetts Bay Inc Boston, MA | $61,459,192 | $54,248,060 |
The Grantham Foundation For The Protection Of The Environment Boston, MA | $585,096,833 | $210,457,800 |
The Morningside Foundation Newton Centre, MA | $22,445,720 | $11,895,776 |
The Patrick J Mcgovern Foundation Inc Boston, MA | $1,660,673,846 | $20,910,577 |
Bny Mellon Charitable Gift Fund Boston, MA | $342,614,894 | $208,280,795 |
One8 Foundation Boston, MA | $488,764,350 | $32,279,319 |