Mclaughlin Foundation Inc
- Assets
- $675.1k
- Revenue
- $205.4k
- Investments
- $0.0
- Employees
- 4
- Location
- South Paris, ME
- Founding
- 03/1997
- Data as of
- 12/2022
- 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 12/2022, Mclaughlin Foundation Inc employed 4 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 12/2022, Mclaughlin Foundation Inc generated $205.4k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $181.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 8 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
2022
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 |
|---|---|---|---|
Andrea Burns Director | Trustee | 0 | $0 |
Lee Dassler Director | Trustee | 0 | $0 |
Leslie Guenther President | Trustee | 0 | $0 |
Jim Kennedy Director | Trustee | 0 | $0 |
Mia Purcell Secretary | Trustee | 0 | $0 |
Bruce Rood Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $10,050 |
| Fundraising events | $31,325 |
| Related organizations | $0 |
| Government grants | $19,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $100,233 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $161,108 |
| Total Program Service Revenue | $40,824 |
| 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 | $205,445 |
| 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. | $52,452 |
| Compensation of current officers, directors, key employees. | $17,484 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $54,070 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,594 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,670 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,071 |
| Office expenses | $3,468 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,994 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $814 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,698 |
| Insurance | $7,031 |
| All other expenses | $3,852 |
| Total functional expenses | $181,714 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,599 |
| Savings and temporary cash investments | $51,398 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $564,847 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $675,079 |
| Accounts payable and accrued expenses | $1,327 |
| 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 | $17,131 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $13,476 |
| Total liabilities | $31,934 |
| Net assets without donor restrictions | $643,145 |
| Net assets with donor restrictions | $0 |
| 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 | $675,079 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Coastal Maine Botanical Gardens Inc Boothbay, ME | $65,222,638 | $19,371,398 |
Mount Desert Land And Garden Preserve Seal Harbor, ME | $130,183,941 | $4,400,603 |
Viles Arboretum Augusta, ME | $1,283,429 | $313,420 |
Mclaughlin Foundation Inc South Paris, ME | $675,079 | $205,445 |
D Acres Of New Hampshire Inc Dorchester, NH | $0 | $0 |
Robinwood Center Stratham, NH | $20,780 | $0 |
Friends Of The Grout Hill Gardens Acworth, NH | $14,536 | $0 |
Twin Town Nature Club Oxford, ME | $10,818 | $22 |