Mclaughlin Foundation Inc
- Assets
- $723.7k
- Revenue
- $199.0k
- Investments
- $0.0
- Employees
- 5
- Location
- South Paris, ME
- Founding
- 03/1997
- Data as of
- 12/2021
- EIN
- 01-0509638
Organization Overview
Mclaughlin Foundation Inc is located in South Paris, ME. The organization was established in 1997. According to its NTEE Classification (C41) the organization is classified as: Botanical Gardens & Arboreta, under the broad grouping of Environment and related organizations. As of 12/2021, Mclaughlin Foundation Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mclaughlin Foundation Inc 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 12/2021, Mclaughlin Foundation Inc generated $199.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $180.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE AN EDUCATIONAL CENTER WHERE HORTICULTURE AND HISTORIC PRESERVATON ARE NURTURED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED HORTICULTURAL EDUCATION PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karla Horecky Managing Director | Officer | 40 | $50,000 |
Andrea Burns Director | Trustee | 0 | $0 |
Lee Dassler Director | Trustee | 0 | $0 |
Pamela Delphenich Director | Trustee | 0 | $0 |
Harold Kowal Treasurer | Trustee | 0 | $0 |
Jim Kennedy Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $9,700 |
| Fundraising events | $30,705 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $128,752 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $169,157 |
| Total Program Service Revenue | $27,439 |
| 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 | $198,996 |
| 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. | $50,000 |
| Compensation of current officers, directors, key employees. | $16,667 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $50,448 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,120 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,480 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,182 |
| Office expenses | $2,852 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,702 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $850 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,056 |
| Insurance | $6,583 |
| All other expenses | $27,453 |
| Total functional expenses | $180,726 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $126,381 |
| Savings and temporary cash investments | $17,968 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,235 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,200 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $575,873 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $723,657 |
| Accounts payable and accrued expenses | $184 |
| 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 | $37,473 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $13,476 |
| Total liabilities | $51,133 |
| Net assets without donor restrictions | $669,191 |
| Net assets with donor restrictions | $3,333 |
| 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 | $723,657 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Mclaughlin Foundation Inc has recieved totaling $27,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ENVIRONMENTAL AND ANIMALS | $9,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ENVIRONMENTAL AND ANIMALS | $9,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ENVIRONMENTAL AND ANIMALS | $9,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Coastal Maine Botanical Gardens Inc Boothbay, ME | $58,317,312 | $23,280,988 |
Mount Desert Land And Garden Preserve Seal Harbor, ME | $140,970,521 | $1,713,296 |
Viles Arboretum Augusta, ME | $1,283,429 | $313,420 |
Mclaughlin Foundation Inc South Paris, ME | $723,657 | $198,996 |
D Acres Of New Hampshire Inc Dorchester, NH | $38,942 | $74,806 |
Robinwood Center Stratham, NH | $32,454 | $0 |
Friends Of The Grout Hill Gardens Acworth, NH | $14,536 | $0 |
Twin Town Nature Club Oxford, ME | $3,737 | $32 |