Facilities Inc
- Assets
- $2.2m
- Revenue
- $235.2k
- Investments
- $0.0
- Employees
- 5
- Location
- Caribou, ME
- Founding
- 08/1981
- Data as of
- 09/2023
- EIN
- 01-0369793
Organization Overview
Facilities Inc is located in Caribou, ME. The organization was established in 1981. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 09/2023, Facilities Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Facilities Inc 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 09/2023, Facilities Inc generated $235.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $295.8k during the year ending 09/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
FACILITY RENTAL TO NON-PROFITS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING RENTAL UNITS AND CONSULTING SERVICES TO OTHER NON-PROFIT ORGANIZATIONS ON VARIOUS RESIDENTIAL FACILITIES AVAILABLE.
ENCOURAGING PEOPLE FROM AROOSTOOK COUNTY TO PURSUE POST-SECONDARY EDUCATION IN THE FIELDS OF MENTAL HEALTH, SUBSTANCE ABUSE, AND SPEECH/LANGUAGE WITH THE INTENTION OF RETURNING TO AROOSTOOK COUNTY TO PRACTICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathan Grass Secretary/tr | Trustee | 2 | $4,200 |
Todd Pelletier President | Trustee | 1 | $2,400 |
Doug Plourde Board Member | Trustee | 1 | $2,400 |
Benjamin Willey Board Member | Trustee | 0.5 | $1,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $6,057 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $197,262 |
| Net Gain/Loss on Asset Sales | $1,362 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $235,152 |
| 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. | $51,516 |
| Compensation of current officers, directors, key employees. | $19,551 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $132,655 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,140 |
| Payroll taxes | $16,849 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,450 |
| Fees for services: Accounting | $4,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $12,517 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,922 |
| Travel | $14,117 |
| 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 | $6,864 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $295,794 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50 |
| Savings and temporary cash investments | $486,616 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,828 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $40,177 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,666,831 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,338 |
| Other assets | $0 |
| Total assets | $2,200,840 |
| Accounts payable and accrued expenses | $25,215 |
| 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 | $28,130 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $42,270 |
| Total liabilities | $95,615 |
| Net assets without donor restrictions | $1,764,800 |
| Net assets with donor restrictions | $340,425 |
| 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 | $2,200,840 |