Coastal Opportunities
- Assets
- $17.3m
- Revenue
- $6.8m
- Investments
- $0.0
- Employees
- 99
- Location
- Camden, ME
- Founding
- 03/1972
- Data as of
- 06/2024
- EIN
- 01-0315931
Organization Overview
Coastal Opportunities is located in Camden, ME. The organization was established in 1972. According to its NTEE Classification (F33) the organization is classified as: Residential Mental Health Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 06/2024, Coastal Opportunities employed 99 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coastal Opportunities 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 06/2024, Coastal Opportunities generated $6.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $5.3m during the year ending 06/2024. While expenses have increased by 4.2% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOPMENTAL TRAINING AND HOUSING FOR ADULTS WITH INTELLECTUAL DISABILITIES.
Describe the Organization's Program Activity:
THE VERA BRANDES GROUP HOME, A SIX-BED BOARDING CARE FACILITY, PROVIDES MEALS, LODGING, AND TRAINING.
VARIOUS SERVICES AND HOUSING PROVIDED FOR PEOPLE WITH PHYSICAL AND INTELLECTUAL DISABILITIES.
THE KATHERINE BROWN HOME, AN EIGHT-BED INTERMEDIATE CARE FACILITY FOR PEOPLE WITH INTELLECTUAL DISABILITIES (ICF/ID).
PERSONAL SOCIAL AND INDEPENDENT LIVING - DEVELOPMENTAL TRAINING PROGRAM DESIGNED TO HELP ADULTS WITH DEVELOPMENTAL DISABILITIES ATTAIN A HIGHER LEVEL OF FUNCTIONAL ABILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Corcoran President | OfficerTrustee | 1 | $0 |
Marcia Orff Vice President | OfficerTrustee | 1 | $0 |
James D Jenkins Treasurer | OfficerTrustee | 1 | $0 |
Nancy Wolfertz Secretary | OfficerTrustee | 1 | $0 |
Ann Bex Director, Past President | OfficerTrustee | 1 | $0 |
Pamela Boland Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mccormick And Associates Construction Services | 6/29/20 | $1,888,232 |
Advanced Modifications Vehicle Modification Services | 6/29/20 | $100,859 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $108,014 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $110,014 |
| Total Program Service Revenue | $4,812,203 |
| Investment income | $589,706 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,189,325 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $115,540 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,816,788 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,000 |
| 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. | $133,328 |
| Compensation of current officers, directors, key employees. | $133,328 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,943,953 |
| Pension plan accruals and contributions | $50,737 |
| Other employee benefits | $544,069 |
| Payroll taxes | $240,012 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $52,739 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $63,942 |
| Fees for services: Other | $55,538 |
| Advertising and promotion | $7,746 |
| Office expenses | $126,000 |
| Information technology | $106,634 |
| Royalties | $0 |
| Occupancy | $136,677 |
| Travel | $74,294 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $40,167 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $225,700 |
| Insurance | $75,626 |
| All other expenses | $0 |
| Total functional expenses | $5,313,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,984 |
| Savings and temporary cash investments | $1,877,674 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $578,164 |
| 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 | $77,149 |
| Net Land, buildings, and equipment | $3,197,810 |
| Investments—publicly traded securities | $10,009,006 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,517,409 |
| Total assets | $17,298,196 |
| Accounts payable and accrued expenses | $396,453 |
| 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 | $775,746 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,172,199 |
| Net assets without donor restrictions | $15,013,850 |
| Net assets with donor restrictions | $1,112,147 |
| 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 | $17,298,196 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sunrise Opportunities Machias, ME | $5,168,039 | $10,445,984 |
Coastal Opportunities Camden, ME | $17,298,196 | $6,816,788 |
Moosilauke Visions Inc Orford, NH | $5,489,864 | $6,851,291 |
Farmsteads Of New England Inc Hillsborough, NH | $2,753,400 | $3,614,129 |
El Rancho De La Vida Hinckley, ME | $77,904 | $542,417 |
Fellowship House Inc Concord, NH | $366,021 | $0 |
Stop Addiction New England Inc Bangor, ME | $1,037 | $0 |
Rocky Coast Housing Inc Portland, ME | $806,414 | $76,500 |