Summer Residents Association-Town Of Mount Desert Inc
- Assets
- $57.9k
- Revenue
- $9.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Northeast Harbor, ME
- Founding
- 11/2005
- Data as of
- 12/2021
- EIN
- 01-0457674
Organization Overview
Summer Residents Association-Town Of Mount Desert Inc is located in Northeast Harbor, ME. The organization was established in 2005. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Summer Residents Association-Town Of Mount Desert Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Summer Residents Association-Town Of Mount Desert Inc generated $9.9k in total revenue. All expenses for the organization totaled $38.8k during the year ending 12/2021.
Since 2020, Summer Residents Association-Town Of Mount Desert Inc has awarded 59 individual grants totaling $1,010,001. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE AN EFFECTIVE MEANS OF COMMUNICATION BETWEEN THE SUMMER RESIDENTS AND THE TOWN LEADERSHIP ON ISSUES THAT CONCERN THE CURRENT AND FUTURE WELL BEING OF THE TOWN OF MOUNT DESERT, ME. THE BOARD OF DIRECTORS OF THE ORGANIZATION SEEKS TO REPRESENT THE VIEWS OF THE SUMMER RESIDENTS AND TO KEEP THEM INFORMED OF, AND INVOLVED IN, THE TOWN PLANNING PROCESS ON CURRENT AND FUTURE ISSUES AND TO BE A CONSTRUCTIVE VOICE OF THE SUMMER RESIDENTS WITH THE TOWN GOVERNMENT, WORKING CLOSELY WITH THE TOWN LEADERS TO PRESERVE AND PROTECT THE UNIQUE CHARACTER, CULTURE, ENVIRONMENT, AND QUALITY OF LIFE OF THE TOWN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN THE LATE SPRING/EARLY SUMMER 2020 THE SRA SOLICITED MONEY FROM ITS MEMBERS AND OTHER INTERESTED PARTIES TO SUPPORT THE LOCAL MERCHANTS IN THE SIX VILLAGES OF THE TOWN OF MOUNT DESERT. 100% OF THE MONEY (NET OF EXPENSES) WAS DISTRIBUTED TO MERCHANTS WHO FILLED OUT AN APPLICATION IDENTIFYING THEIR NEED, AND COMMITTING TO REMAIN OPEN THROUGH THE SUMMER TO SERVICE CUSTOMERS. THE MONIES WERE OUTRIGHT GIFTS, AND WERE ALLOCATED PROPORTIONATELY ACCORDING TO SALES SIZE AND NUMBER OF EMPLOYEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Madeira Treasurer | OfficerTrustee | 0.5 | $0 |
Jim Green President | Trustee | 0.5 | $0 |
Whitney Drayton Director | Trustee | 0.5 | $0 |
Perot Bissell Director | Trustee | 0.5 | $0 |
Chris Reece Director | Trustee | 0.5 | $0 |
Cammie Disston Director | Trustee | 0.5 | $0 |
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 | $3,175 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,175 |
| Total Program Service Revenue | $6,500 |
| Investment income | $221 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,896 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $30,994 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,901 |
| Advertising and promotion | $0 |
| Office expenses | $440 |
| 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 | $0 |
| All other expenses | $404 |
| Total functional expenses | $38,789 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,144 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,575 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $20,213 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $57,932 |
| 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 | $57,932 |
| Net assets with donor restrictions | $0 |
| 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 | $57,932 |
Grants Awarded
Over the last fiscal year, Summer Residents Association-Town Of Mount Desert Inc has awarded $1,010,001 in support to 59 organizations.
| Grant Recipient | Amount |
|---|---|
COLONELS RESTAURANT AND BAKERY PURPOSE: DISASTER RELIEF | $42,048 |
KIMBALL SHOP PURPOSE: DISASTER RELIEF | $37,905 |
SHAW JEWELRY PURPOSE: DISASTER RELIEF | $33,931 |
BURNING TREE RESTAURANT PURPOSE: DISASTER RELIEF | $30,854 |
ACADIA INSTITUTE OF OCEANOGRAPHY PURPOSE: DISASTER RELIEF | $30,036 |
COASTAL COMPUTERS PURPOSE: DISASTER RELIEF | $29,598 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Summer Residents Association-Town Of Mount Desert Inc has recieved totaling $322,500.
| Awarding Organization | Amount |
|---|---|
Friends Of Acadia Bar Harbor, ME PURPOSE: COVID-19 relief fund - support for small businesses in the community. | $107,500 |
Friends Of Acadia Bar Harbor, ME PURPOSE: COVID-19 relief fund - support for small businesses in the community. | $107,500 |
Friends Of Acadia Bar Harbor, ME PURPOSE: COVID-19 relief fund - support for small businesses in the community. | $107,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lake Arrowhead Community Inc North Waterboro, ME | $3,499,746 | $1,857,850 |
Maine Campground Owners New Southwick Assoc Auburn, ME | $476,816 | $359,645 |
Greenville Housing Corp Greenville, ME | $661,973 | $282,575 |
Island Falls Housing Corp Patten, ME | $492,631 | $256,666 |
Corinth Housing Corporation Stetson, ME | $555,880 | $229,208 |
Corinna Housing Corporation Corinna, ME | $1,115,071 | $250,805 |
Bradford Housing Corporation Bangor, ME | $1,266,149 | $190,595 |
New Hampshire Campground Owners Association Epsom, NH | $501,988 | $182,145 |
Mattanawcook Terrace Housing Corp Bangor, ME | $1,039,438 | $213,603 |
Norridgewock Housing Corp Norridgewock, ME | $462,590 | $198,951 |
Easton Housing Corporation Easton, ME | $246,896 | $0 |
St Albans Housing Corporation Bangor, ME | $923,977 | $127,033 |