Somes Pond Center
- Assets
- $1.1m
- Revenue
- $21.8k
- Investments
- $309.8k
- Employees
- 0
- Location
- Hulls Cove, ME
- Founding
- 02/2002
- Data as of
- 12/2023
- EIN
- 01-0546382
Organization Overview
Somes Pond Center is located in Hulls Cove, ME. The organization was established in 2002. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Somes Pond 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 12/2023, Somes Pond Center generated $21.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (23.5%) each year. All expenses for the organization totaled $51.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, SOMES POND CENTER CONTINUED THE DEVELOPMENT OF EDUCATIONAL ACTIVITIES. GARDENS WERE EXPANDED TO FULFILL CENTER OBJECTIVES OF CREATING A NATURALISTIC LANDSCAPE, DERIVED FROM EXISTING FLORA, BOULDERS AND TREES. COMMUNITY MEMBERS CONTINUED TO USE AND ENJOY THE SOMES POND LANDING FOR BOATING AND SWIMMING PURPOSES. DURING THIS YEAR WE SPENT A LARGE AMOUNT OF OUR TIME ENVISIONING THE NEXT PHASE OF THE SOMES POND CENTER. THIS WILL TAKE EFFECT WHEN OUR PRESIDENT, JUDY GOLDSTEIN, PASSES AWAY AND LEAVES A SUBSTANTIAL ENDOWMENT TO THE CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judith Goldstein President | 2.5 | $0 | |
Dennis Bracale Ex.direc, Tr | 2.5 | $0 | |
Jack Russell Director | 1 | $0 | |
Christian Van Heerden Director | 1 | $0 | |
Scott Koniecko Director | 1 | $0 | |
Betsy Hewlett Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000 |
| Interest on Savings | $4 |
| Dividends & Interest | $5,125 |
| Net Rental Income | $20,500 |
| Net Gain on Sale of Assets | -$4,854 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $21,775 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,082 |
| Depreciation | $17,573 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $21,512 |
| Total operating and administrative expenses | $51,664 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $51,664 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,997 |
| Savings and temporary cash investments | $9,994 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $38,202 |
| Net Land, buildings, and equipment | $824,873 |
| Other assets | $0 |
| Total assets | $1,148,704 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Somes Pond Center has awarded $1,025 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SOMESVILLE VILLAGE IMPROVE SOCIETY PURPOSE: SUPPORT | $25 |
SOMES MEYNALL SANCTUARY PURPOSE: SUPPORT | $1,000 |