Island Commons Resource Center
- Assets
- $4.0m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 36
- Location
- Chebeague Island, ME
- Founding
- 08/1995
- Data as of
- 09/2023
- EIN
- 01-0496139
Organization Overview
Island Commons Resource Center is located in Chebeague Island, ME. The organization was established in 1995. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., under the broad grouping of Health Care and related organizations. As of 09/2023, Island Commons Resource Center employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Island Commons Resource Center 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, Island Commons Resource Center generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 27.6% each year . All expenses for the organization totaled $981.9k during the year ending 09/2023. While expenses have increased by 9.0% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF A RESIDENTIAL CARE FACILITY FOR THE BENEFIT OF ELDERLY RESIDENTS OF THE ISLANDS OF CASCO BAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF RESIDENTIAL CARE FACILITY ON CHEBEAGUE ISLAND, MAINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Rich Administrator | Officer | 40 | $78,624 |
Carla Clarke Director | Trustee | 1 | $0 |
James Cox-Chapman Director | Trustee | 1 | $0 |
Kenneth Webb Director | Trustee | 1 | $0 |
James Lunt Director | Trustee | 1 | $0 |
Susan Stranahan President | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,822 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,592,636 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,600,458 |
| Total Program Service Revenue | $544,551 |
| Investment income | $11,257 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $23,631 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,179,897 |
| 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. | $79,051 |
| Compensation of current officers, directors, key employees. | $79,051 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $546,781 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,965 |
| Payroll taxes | $51,848 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $734 |
| Fees for services: Accounting | $13,015 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,212 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,267 |
| Office expenses | $13,461 |
| Information technology | $1,516 |
| Royalties | $0 |
| Occupancy | $47,003 |
| 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 | $50,554 |
| Insurance | $35,691 |
| All other expenses | $54,782 |
| Total functional expenses | $981,939 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,366 |
| Savings and temporary cash investments | $3,509 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,195 |
| 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 | $2,507 |
| Net Land, buildings, and equipment | $498,687 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,340,343 |
| Total assets | $3,964,607 |
| Accounts payable and accrued expenses | $14,310 |
| 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 | $168,422 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $182,732 |
| Net assets without donor restrictions | $441,532 |
| Net assets with donor restrictions | $3,340,343 |
| 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 | $3,964,607 |