Fifth Maine Regiment Museum
- Assets
- $1.7m
- Revenue
- $181.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Peaks Island, ME
- Founding
- 09/1978
- Data as of
- 12/2021
- EIN
- 01-0357895
Organization Overview
Fifth Maine Regiment Museum is located in Peaks Island, ME. The organization was established in 1978. According to its NTEE Classification (P28) the organization is classified as: Neighborhood Centers, under the broad grouping of Human Services and related organizations. As of 12/2021, Fifth Maine Regiment Museum employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fifth Maine Regiment Museum 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 12/2021, Fifth Maine Regiment Museum generated $181.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.3% each year . All expenses for the organization totaled $95.4k during the year ending 12/2021. While expenses have increased by 5.3% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE AND PROMOTE THE MEMORIAL HALL, THE ARTIFACTS, THE HISTORY OF PEAKS ISLAND, AND THE LEGACY OF THE FIFTH MAINE CIVIL WAR REGIMENT FOR THE EDUCATION AND ENRICHMENT OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTENANCE AND REPAIR TO PRESERVE AND OPERATE THE HISTORIC FACILITY.
CONTRACTUAL EXPENSES FOR CONSULTING SERVICES TO DIRECT THE ACTIVITIES OF THE MUSEUM INCLUDING PRESERVING AND SUPERVISING THE COLLECTION, EXHIBITS, DOCENTS AND LECTURES, INCLUDING SUPPLIES FOR THIS PURPOSE.
CONTRACTUAL EXPENSE AND SUPPLIES FOR THE DESIGN AND IMPLEMENTATION OF EDUCATIONAL PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Hanley President | OfficerTrustee | 25 | $0 |
Curtis Mildner Secretary | OfficerTrustee | 25 | $0 |
Gail Trefethern Kelley Vice Preside | OfficerTrustee | 25 | $0 |
Beth Day Treasurer | OfficerTrustee | 25 | $0 |
Jason Harding Board Member | Trustee | $0 | |
Perry Sutherland Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $11,900 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $112,760 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $124,660 |
| Total Program Service Revenue | $22,804 |
| Investment income | $8,514 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,274 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $11,028 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $181,858 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,315 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $866 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,757 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $355 |
| Office expenses | $1,190 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $6,516 |
| All other expenses | $9,054 |
| Total functional expenses | $95,430 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $153,105 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $800 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,171,486 |
| Investments—publicly traded securities | $93,026 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $250,000 |
| Total assets | $1,668,417 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,600,484 |
| Net assets with donor restrictions | $67,933 |
| 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 | $1,668,417 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Fifth Maine Regiment Museum has recieved totaling $31,024.
| Awarding Organization | Amount |
|---|---|
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Neighborhood Centers, COVID-19 Related Assistance | $21,000 |
Davis Family Foundation Yarmouth, ME PURPOSE: Fifth Maine Museum (FMM) 2022 Second Floor Window Restoration | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $24 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Learning Works Portland, ME | $965,421 | $2,036,254 |
Penacook Community Center Inc Concord, NH | $0 | $518,253 |
Marion Gerrish Community Center Inc Derry, NH | $1,105,379 | $687,411 |
North Conway Community Center North Conway, NH | $2,217,561 | $702,314 |
Hope Haven Gospel Mission Inc Lewiston, ME | $879,615 | $551,768 |
Dennysville Housing Machias, ME | $314,915 | $224,976 |
Fifth Maine Regiment Museum Peaks Island, ME | $1,668,417 | $181,858 |
Greater Wakefield Resource Center Inc Union, NH | $288,500 | $93,974 |
Thompson Community Center Association Warren, ME | $98,063 | $0 |
Littleton Community Center Littleton, NH | $1,049,423 | $69,947 |
Racetrack Ministry Salem, NH | $62,492 | $0 |