Ragged Mountain Recreation Area Foundation

Organization Overview

Ragged Mountain Recreation Area Foundation is located in Camden, ME. The organization was established in 1992. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ragged Mountain Recreation Area Foundation 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 12/2022, Ragged Mountain Recreation Area Foundation generated $19.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (34.8%) each year. All expenses for the organization totaled $1.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (33.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE PRIMARY MISSION OF THE ORGANIZATION IS TO ESTABLISH AND MAINTAIN AN ENDOWMENT FUND, THE INCOME FROM WHICH WILL BE USED TO ASSIST THE PUBLIC FACILITY KNOWN AS THE CAMDEN SNOW BOWL. THE ORGANIZATION WILL ALSO RAISE FUNDS FOR DESIGNATED CAPITAL PROJECTS AND CAMPAIGNS TO SUPPORT THE RAGGED MOUNTAIN RECREATION AREA AND THE CAMDEN SNOW BOWL AS NEEDED.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SKIING PROGRAM: THIS CONTRIBUTION OF CASH AND EQUIPMENT PROVIDED FOR THE PURCHASE OF SNOW MAKING EQUIPMENT, SKI LIFT EQUIPMENT, TRAIL WORK, AND REDEVELOPMENT COSTS AT THE CAMDEN SNOW BOWL, A WINTER SPORTS FACILITY OWNED BY THE TOWN OF CAMDEN.


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Board, Officers & Key Employees

Name (title)Compensation
Caroline Morong
Director
$0
Edward Zanca
Director
$0
Robert Levine
Director
$0
Erin Flanagan
Director
$0
Ken Twadell
Director
$0
Martin Lloyd
Trustee
$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$305
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$305
Total Program Service Revenue$0
Investment income $19,043
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 $19,348

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