Maine Water Environment Association
- Assets
- $64.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Augusta, ME
- Founding
- 08/1993
- Data as of
- 12/2023
- EIN
- 01-0380810
Organization Overview
Maine Water Environment Association is located in Augusta, ME. The organization was established in 1993. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maine Water Environment Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Maine Water Environment Association generated $101.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $127.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TO SUPPORT AND ENHANCE MAINE'S WATER ENVIRONMENT COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Wade President | 2 | $0 | |
Emily Cole-Prescott First Vice P | 2 | $0 | |
Theresa Tucker 2nd Vice Pre | 2 | $0 | |
Dave Beauchamp Past Preside | 2 | $0 | |
Jeff Mcburnie Secretary/tr | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,950 |
| Total Program Service Revenue | $2,214 |
| Membership dues | $41,055 |
| Investment income | $188 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $31,130 |
| Other Revenue | $0 |
| Total Revenue | $101,537 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $31,844 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $95,167 |
| Total expenses | $127,011 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $64,398 |
| Other assets | $0 |
| Total assets | $64,398 |
| Total liabilities | $4,994 |
| Net assets or fund balances | $59,404 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eastern Maine Electric Cooperative Inc Calais, ME | $53,940,615 | $17,279,980 |
Fox Islands Electric Cooperative Inc Vinalhaven, ME | $19,465,997 | $2,926,731 |
Light Of Life Ministries Inc Augusta, ME | $2,671,599 | $1,151,596 |
Northern Maine Independent System Administration Inc Bangor, ME | $2,378,425 | $1,121,875 |
Maine Water Utilities Association Augusta, ME | $605,822 | $846,884 |
Industrial Energy Consumer Group Augusta, ME | $56,607 | $454,852 |
Maine Renewable Energy Association Augusta, ME | $321,640 | $397,860 |
Mountain Top Telecom Inc Franconia, NH | $152,799 | $251,110 |
Monmouth Water Association Monmouth, ME | $1,800,228 | $222,087 |
Maine Water Environment Association Augusta, ME | $64,398 | $0 |
Newport Community Television Inc Newport, NH | $333,515 | $0 |
International Association Of Electrical Inspectors Wolfeboro, NH | $312,658 | $0 |
Chocorua Public Library Chocorua, NH | $406,928 | $66,747 |
Northeast Association Of Electric Cooperatives Inc Plymouth, NH | $64,783 | $0 |
Swans Island Electric Cooperative Inc Swans Island, ME | $0 | $0 |