Somes Pond Center
- Assets
- $1.2m
- Revenue
- $48.7k
- Investments
- $355.5k
- Employees
- 0
- Location
- Hulls Cove, ME
- Founding
- 02/2002
- Data as of
- 12/2021
- 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 12/2021, Somes Pond Center generated $48.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (16.4%) each year. All expenses for the organization totaled $45.0k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, SOMES POND CENTER OPENED THE GARDENS, THOUGH ACTIVITIES WER CURTAILED DUE TO COVID. THE CENTER CONTINUED TO CULTIVATE CLOSER TIES WITH SOMES-MEYNELL SANCTUARY. 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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Russell Director | 1 | $0 | |
Molly Catlin Director | 1 | $0 | |
Catherine Schmitt Director | 1 | $0 | |
Scott Koniecko Director | 1 | $0 | |
Dennis Bracale Ex.direc, Tr | 2.5 | $0 | |
Jacob Kreilkamp Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $11,000 |
| Interest on Savings | $5 |
| Dividends & Interest | $2,124 |
| Net Rental Income | $28,700 |
| Net Gain on Sale of Assets | $6,388 |
| Capital Gain Net Income | $6,388 |
| Net ST Capital Gain | $6,388 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $470 |
| Total Revenue | $48,687 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,835 |
| Depreciation | $15,909 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,508 |
| Total operating and administrative expenses | $44,936 |
| Contributions, gifts, grants paid | $100 |
| Total expenses and disbursements | $45,036 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,971 |
| Savings and temporary cash investments | $0 |
| 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 | $42,922 |
| Net Land, buildings, and equipment | $829,454 |
| Other assets | $0 |
| Total assets | $1,200,939 |
| 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 |
|---|---|
SOMES MEYNALL SANCTUARY PURPOSE: SUPPORT | $1,000 |
Mount Desert, ME PURPOSE: SUPPORT | $25 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bangor Public Library Trustees Bangor, ME | $25,795,919 | $2,775,295 |
Maine Peoples Resource Center Portland, ME | $2,139,124 | $2,704,072 |
Rockport Library Foundation Rockport, ME | $310,933 | $664,921 |
The Upper Room A Family Resource Center Derry, NH | $2,012,046 | $1,533,126 |
York Public Library Association Inc York, ME | $7,085,661 | $941,036 |
Kennebunk Free Library Association Kennebunk, ME | $2,344,059 | $951,000 |
Topsham Public Library Topsham, ME | $1,623,953 | $916,950 |
Meredith Library Fund Meredith, NH | $40,551 | $10,850 |
Park Street Foundation Concord, NH | $304,435 | $636,101 |
Sanford Library Association Sanford, ME | $2,367,641 | $997,039 |
Trustees Of Merrill Memorial Library Yarmouth, ME | $4,155,143 | $731,086 |
Southwest Harbor Public Library Southwest Harbor, ME | $5,912,644 | $804,852 |