Maine Museum Of Innovation Learning And Labor
- Assets
- $6.2m
- Revenue
- $791.8k
- Investments
- $0.0
- Employees
- 3
- Location
- Lewiston, ME
- Founding
- 08/1996
- Data as of
- 12/2022
- EIN
- 01-0504257
Organization Overview
Maine Museum Of Innovation Learning And Labor is located in Lewiston, ME. The organization was established in 1996. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Maine Museum Of Innovation Learning And Labor employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maine Museum Of Innovation Learning And Labor 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, Maine Museum Of Innovation Learning And Labor generated $791.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.6% each year . All expenses for the organization totaled $266.2k during the year ending 12/2022. While expenses have increased by 6.5% 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
MAINE MILL'S MISSION IS TO CELEBRATE THE TOLD AND UNTOLD STORIES OF WORKERS TO FOSTER COMMUNITY CONNECTIONS AND INSPIRE FUTURE CREATIVITY AND INGENUITY. THE MUSEUM'S VISION IS TO BE A CULTURAL HUB THAT FUELS THE DREAMS OF TOMORROW.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EARNED REVENUE FROM EDUCATION PROGRAMS, ADMISSIONS, EXHIBITS AND LICENSES (FOR LIMITED USE OF IMAGES OR DOCUMENTS).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachel Ferrante Executive Director | Officer | 40 | $92,998 |
John Camelio Treasurer | OfficerTrustee | 1 | $0 |
Edouard Plourde Secretary | OfficerTrustee | 1 | $0 |
Mike Rancourt Chair | OfficerTrustee | 1 | $0 |
Victoria Stanton Vice-Chair | OfficerTrustee | 1 | $0 |
Elliott Epstein Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $328,007 |
| All other contributions, gifts, grants, and similar amounts not included above | $426,103 |
| Noncash contributions included in lines 1a–1f | $5,795 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $754,110 |
| Total Program Service Revenue | $4,975 |
| Investment income | $26,649 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,489 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,931 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $791,829 |
| 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. | $92,998 |
| Compensation of current officers, directors, key employees. | $20,460 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $100,671 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,618 |
| Payroll taxes | $15,165 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,861 |
| Advertising and promotion | $698 |
| Office expenses | $9,962 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $475 |
| Travel | $32 |
| 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 | $3,504 |
| All other expenses | $2,151 |
| Total functional expenses | $266,219 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,921 |
| Savings and temporary cash investments | $79,158 |
| Pledges and grants receivable | $3,868,949 |
| Accounts receivable, net | $28,007 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $21,595 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,086,489 |
| Investments—publicly traded securities | $1,039,317 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,171,436 |
| Accounts payable and accrued expenses | $6,074 |
| 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 | $6,074 |
| Net assets without donor restrictions | $2,139,856 |
| Net assets with donor restrictions | $4,025,506 |
| 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 | $6,171,436 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Maine Museum Of Innovation Learning And Labor has recieved totaling $10,578.
| Awarding Organization | Amount |
|---|---|
Maine Humanities Council Portland, ME PURPOSE: SUPPORT OPERATIONS | $7,500 |
Bangor Savings Bank Foundation Bangor, ME PURPOSE: GENERAL OPERATING SUPPORT | $3,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $78 |
Endowment Analysis
| Beg. Balance | $6,719 |
| Earnings | $3 |
| Ending Balance | $6,722 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maine Maritime Museum Bath, ME | $19,147,299 | $3,611,205 |
Maine Mineral & Gem Museum Bethel, ME | $14,617,603 | $769,092 |
Canterbury Shaker Village Inc Canterbury, NH | $3,241,019 | $1,688,271 |
Penobscot Marine Museum Searsport, ME | $8,277,134 | $1,504,211 |
Sailing Ships Portland Portland, ME | $252,695 | $803,946 |
Abbe Museum Bar Harbor, ME | $4,804,812 | $816,686 |
Chosen Vale Inc Enfield, NH | $3,466,183 | $1,051,971 |
New England Ski Museum Franconia, NH | $1,811,111 | $345,656 |
Moosehead Marine Museum Inc Greenville, ME | $2,433,477 | $495,523 |
Seal Cove Auto Museum Seal Cove, ME | $959,876 | $735,715 |
Americas Credit Union Museum Foundation Manchester, NH | $2,650,235 | $258,089 |
Marine Mammals Of Maine Bath, ME | $177,477 | $377,561 |