Project Share
- Assets
- $52.1k
- Revenue
- $414.2k
- Investments
- $0.0
- Employees
- 5
- Location
- Cherryfield, ME
- Founding
- 12/1995
- Data as of
- 12/2022
- EIN
- 01-0493230
Organization Overview
Project Share is located in Cherryfield, ME. The organization was established in 1995. According to its NTEE Classification (D33) the organization is classified as: Fisheries Resources, under the broad grouping of Animal-Related and related organizations. As of 12/2022, Project Share employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Project Share 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, Project Share generated $414.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $416.9k during the year ending 12/2022. While expenses have increased by 13.7% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
RESTORE THE NATIVE ATLANTIC SALMON POPULATION IN MAINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FISH PASSAGE RESTORATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kyle Burdick Treasurer | OfficerTrustee | 1 | $0 |
Pat Sirois Director | Trustee | 1 | $0 |
David Montague Vice Chair | OfficerTrustee | 1 | $0 |
Ernie Atkinson Chair | OfficerTrustee | 1 | $0 |
Wade Shorey Director | Trustee | 1 | $0 |
Thomas Gilbert Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,400 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $244,945 |
| All other contributions, gifts, grants, and similar amounts not included above | $165,000 |
| Noncash contributions included in lines 1a–1f | $77,777 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $411,345 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $414,180 |
| 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. | $116,014 |
| Compensation of current officers, directors, key employees. | $6,961 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,051 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,739 |
| Payroll taxes | $17,143 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,462 |
| Advertising and promotion | $0 |
| Office expenses | $5,648 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,563 |
| 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 | $982 |
| Insurance | $2,452 |
| All other expenses | $0 |
| Total functional expenses | $416,927 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $49,248 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,889 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $52,137 |
| 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 | $49,046 |
| Net assets with donor restrictions | $3,091 |
| 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 | $52,137 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Atlantic Salmon Federation Inc Calais, ME | $22,618,383 | $10,301,297 |
Downeast Institute For Applied Marine Research And Education Inc Beals Island, ME | $6,435,897 | $2,697,975 |
Downeast Salmon Federation Columbia Falls, ME | $5,972,156 | $2,129,209 |
Maine Coast Community Sector Brunswick, ME | $279,059 | $1,299,298 |
Project Share Cherryfield, ME | $52,137 | $414,180 |
Xi Northeast Fishery Sector Inc Portsmouth, NH | $342,855 | $0 |
Trout Unlimited Littleton, NH | $79,137 | $0 |
Powwow Pond Council Inc Kingston, NH | $16,094 | $0 |
Northeast Coastal Communities Sector Stonington, ME | $56,383 | $0 |