Maine Preservation
- Assets
- $1.0m
- Revenue
- $459.4k
- Investments
- $0.0
- Employees
- 11
- Location
- Yarmouth, ME
- Founding
- 06/1976
- Data as of
- 03/2022
- EIN
- 01-0319524
Organization Overview
Maine Preservation is located in Yarmouth, ME. The organization was established in 1976. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 03/2022, Maine Preservation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maine Preservation 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 Preservation generated $459.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $500.7k during the year ending 03/2022. While expenses have increased by 4.5% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
DOWNTOWN REVITALIZATION; NEIGHBORHOOD REHABILITATION; SAVING LANDMARK BUILDINGS, EDUCATION AND TECHNICAL ASSISTANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINE PRESERVATION PROVIDES FIELD SERVICES OFFERED ASSISTANCE TO 150 PROJECTS FOR COMMUNITIES, NONPROFITS AND INDIVIDUALS TO HELP PRESERVE HISTORIC BUILDINGS. FIELD SERVICE ADVISORS VISITED COMMUNITIES AND LANDMARK PROPERTIES TO ADVISE BUILDING STEWARDS ON NEXT STEPS TOWARD REHABILITATING HISTORIC STRUCTURES IN MAINE.
PROTECT AND SELL PROGRAM - MAINE PRESERVATIONS'S PROTECT AND SELL PROGRAM ASSISTS IN THE SALE OF HISTORIC BUILDINGS TO NEW OWNERS WHO AGREE TO PRESERVE AND REHABILITATE THEM SUBJECT TO PERPETUAL HISTORIC PRESERVATION EASEMENTS. ADDITIONAL EASEMENTS ARE DONATED TO THE ORGANIZATION.
STATE HISTORIC TAX CREDITS - MAINE PRESERVATION WORKS WITH ENTITIES SEEKING TO USE THE STATE HISTORIC TAX CREDIT, IS A PARTNER IN 3 PROJECTS, AND RECEIVES AND DISBURSES THE CREDIT TO ELIGIBLE ENTITIES.
ANNUAL MEETING OCCURS EACH YEAR CONVENING MEMBERSHIP TO ELECT MEMBERS OF THE BOARD OF TRUSTEES, REPORT ON ORGANIZATIONAL ISSUES, AND PROVIDE EDUCATIONAL SESSIONS. HONOR AWARDS RECOGNIZE OWNERS, CRAFTSMEN, AND STEWARD ORGANIZATIONS AND INDIVIDUALS RESPONSIBLE FOR PRESERVATION OF HISTORIC BUILDINGS IN MAINE. MOST ENDANGERED MAINE HISTORIC PLACES LIST IS A WIDELY DISTRIBUTED ANNUAL COMPILATION OF AT-RISK HISTORIC BUILDINGS AND ISSUES IN THE STATE OF MAINE. OUTREACH - STAFF REGULARLY PARTICIPATE AS SPEAKERS IN CONFERENCES, WORKSHOPS, LECTURES, TOWN OR ORGANIZATIONAL MEETINGS, AND OTHER EDUCATIONAL EVENTS TO SHARE EXPERTISE AND OFFER GUIDANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tara Kelly Executive Di | Officer | 50 | $59,231 |
Tobey Scott President | OfficerTrustee | 2 | $0 |
Dan Walsh Vice Preside | OfficerTrustee | 2 | $0 |
Richard S Whiting Vice Preside | OfficerTrustee | 2 | $0 |
Cale Pickford Treasurer | OfficerTrustee | 2 | $0 |
John L Carpenter Clerk | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $20,968 |
| Fundraising events | $30,757 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $299,127 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $350,852 |
| Total Program Service Revenue | $58,576 |
| Investment income | $55,280 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$6,713 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,373 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $459,368 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $84,615 |
| Compensation of current officers, directors, key employees. | $21,154 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $246,558 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,079 |
| Payroll taxes | $30,733 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,484 |
| Fees for services: Accounting | $5,269 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,798 |
| Fees for services: Other | $1,803 |
| Advertising and promotion | $824 |
| Office expenses | $12,228 |
| Information technology | $9,448 |
| Royalties | $0 |
| Occupancy | $5,888 |
| Travel | $6,715 |
| 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 | $21,004 |
| Insurance | $1,710 |
| All other expenses | $35 |
| Total functional expenses | $500,664 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,462 |
| Savings and temporary cash investments | $60,050 |
| Pledges and grants receivable | $500 |
| Accounts receivable, net | $2,499 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $523 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $885,291 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,039,325 |
| Accounts payable and accrued expenses | $832 |
| Grants payable | $0 |
| Deferred revenue | $500 |
| 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 | $0 |
| Total liabilities | $1,332 |
| Net assets without donor restrictions | $152,702 |
| Net assets with donor restrictions | $885,291 |
| 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 | $1,039,325 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Maine Preservation has recieved totaling $220,480.
| Awarding Organization | Amount |
|---|---|
1772 Foundation Inc Providence, RI PURPOSE: HISTORIC PRESERVATION GRANTMAKING IN ME | $110,000 |
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Historical Societies & Historic Preservation | $50,130 |
Mildred H Mcevoy Foundation Worcester, MA PURPOSE: EXPANSION OF FIELD SERVICES | $15,000 |
Susan & George Craig Family Foundation Ridgefield, CT PURPOSE: GENERAL | $10,000 |
Anna Emery Hanson Charitable Foundation 1 Detroit, MI PURPOSE: DAILY OPERATIONAL SUPPORT | $10,000 |
Margaret W Soule Charitable Tr Portland, ME PURPOSE: GENERAL PURPOSE | $8,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maine Historical Society Portland, ME | $13,012,568 | $2,642,638 |
Historic Harrisville Inc Harrisville, NH | $5,745,730 | $1,134,917 |
New England Electric Railway Historical Society Kennebunkport, ME | $8,628,809 | $3,104,228 |
Old York Historical Society York, ME | $9,131,743 | $731,758 |
Portsmouth Historical Society Portsmouth, NH | $3,776,411 | $3,186,969 |
Historical Society Of Cheshire Cty Keene, NH | $6,912,081 | $683,273 |
Victoria Mansion Portland, ME | $7,456,026 | $975,130 |
Greater Portland Landmarks Inc Portland, ME | $2,715,292 | $431,780 |
Maine Preservation Yarmouth, ME | $1,039,325 | $459,368 |
Castine Historical Society Inc Castine, ME | $8,350,405 | $605,426 |
Trustees Of Bloomfield Academy Skowhegan, ME | $2,438,254 | $591,288 |
Rockland Historical Society Rockland, ME | $48,909 | $54,735 |