Maine Charitable Mechanic Association
- Assets
- $1.2m
- Revenue
- $300.6k
- Investments
- $656.4k
- Employees
- 0
- Location
- Portland, ME
- Founding
- 12/1943
- Data as of
- 03/2023
- 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 03/2023, Maine Charitable Mechanic Association generated $300.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $400.3k during the year ending 03/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
HISTORIC PRESERVATION OF COLLECTIONS AND BUILDING: MECHANICS' HALL MAINTAINS ITS ARCHIVE COLLECTIONS AND LANDMARK BUILDINGS TO ENRICH THE LIVES OF ALL WHO VISIT. RENOWNED FOR ITS ITALIANATE ARCHITECTURE, IT IS LISTED ON THE NATIONAL REGISTER OF HISTORIC PLACES FOR NATIONAL SIGNIFICANCE. MECHANICS' HOUSES A SELECT AND RARE UNIQUE ARCHIVE COLLECTION, HIGHLIGHTING THE HISTORICAL SIGNIFICANCE OF MECHANICS' HALL AND ITS FOUNDERS SINCE 1815, PARTICULARLY IN DOCUMENTING THE HISTORY OF BOOKS AND LITERARY CULTURE IN PORTLAND, MAINE, DURING THE 18TH AND 19TH CENTURIES. THE RESTORATION AND PRESERVATION COMMITTEE, A BOARD COMMITTEE OVERSEEING THE BUILDING, FURNISHINGS, AND GROUNDS OF MECHANICS' HALL, PRIORITIZES ELECTIVE REPAIRS, CAPITAL IMPROVEMENTS OR CHANGES AND OFFERS RECOMMENDATIONS TO THE BOARD OF DIRECTORS ON HOW BEST TO PROCEED.
PUBLIC PROGRAMS: MECHANICS' HALL OFFERS A WIDE RANGE OF YEAR-ROUND PUBLIC PROGRAMS TO ENGAGE AND ENRICH THE COMMUNITY, INCLUDING BOOK LAUNCHES, LITERARY EVENTS, POETRY, READING & WRITING GROUPS, THEATER AND MUSICAL PERFORMANCES, AND GALLERY SHOWINGS. IN THE LAST FISCAL YEAR, WE PRESENTED OVER 50 LITERARY PROGRAMS, 10 MUSICAL PERFORMANCES, 3 GALLERY PERFORMANCES, AND 25 TOURS OUR OUR BUILDING. OVER 12K PEOPLE HAVE COME THROUGH OUR DOORS IN THE PAST YEAR.
CIRCULATING LIBRARY: MECHANICS' HALL HAS ALWAYS BEEN COMMITTED TO SERVING THE GENERAL PUBLIC AND AVID READERS THROUGH THE "DIFFUSION OF USEFUL KNOWLEDGE." OUR CIRCULATING LIBRARY BOASTS A DIVERSE COLLECTION OF BOOKS, INCLUDING CONTEMPORARY TITLES OF LITERATURE, FICTION, AND NON-FICTION ACROSS VARIOUS SUBJECTS, CATERING TO CURIOUS AND INFORMED READERS. OUR COLLECTIONS ARE EASILY ACCESSIBLE ON-SITE AND THROUGH AN ONLINE CATALOGING SYSTEM AND COMPLEMENTED BY OUR DIGITAL PRESENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Stevens Vice President | 5 | $0 | |
Sam Mateosian Board Member | 1 | $0 | |
Ken Pierce Secretary | 5 | $0 | |
Suzette Bois Treasurer | 1 | $0 | |
Tom Hausaulter Board Member | 1 | $0 | |
Pamela Hawkes Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $139,534 |
| Interest on Savings | $0 |
| Dividends & Interest | $21,907 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,928 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | -$132 |
| Other Income | $135,352 |
| Total Revenue | $300,589 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $175,217 |
| Pension plans, employee benefits | $0 |
| Interest | $2,582 |
| Taxes | $16,873 |
| Depreciation | $21,137 |
| Occupancy | $61,364 |
| Travel, conferences, and meetings | $2,050 |
| Printing and publications | $2,428 |
| Other expenses | $83,852 |
| Total operating and administrative expenses | $400,285 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $400,285 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,205 |
| Savings and temporary cash investments | $15,139 |
| Net Accounts receivable | $5,115 |
| 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 | $370,482 |
| Other assets | $54,759 |
| Total assets | $1,167,143 |
| Accounts payable and accrued expenses | $14,658 |
| 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 | $53,036 |
| Total liabilities | $67,694 |