Islesford Boat Works
- Assets
- $110.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Islesford, ME
- Founding
- 02/2007
- Data as of
- 12/2023
- EIN
- 01-0862872
Organization Overview
Islesford Boat Works is located in Islesford, ME. The organization was established in 2007. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Islesford Boat Works 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, Islesford Boat Works generated $130.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $109.4k during the year ending 12/2023. While expenses have increased by 10.4% per year over the past 7 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TEACHING AND COMMUNITY ENRICHMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brendon Ravenhill President\tr | 5 | $0 | |
Peyton Eggleston V President\ | 5 | $0 | |
James Amuso Trustee | 0.5 | $0 | |
Janice Murch Trustee | 0.5 | $0 | |
Amanda Ravenhill Secretary\tr | 5 | $0 | |
Goeffrey Ravenhill Treasurer\tr | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $81,630 |
| Total Program Service Revenue | $21,172 |
| Membership dues | $0 |
| Investment income | $398 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $6,404 |
| Other Revenue | $0 |
| Total Revenue | $130,027 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $52,692 |
| Professional fees and other payments to independent contractors | $14,750 |
| Occupancy, rent, utilities, and maintenance | $12,445 |
| Printing, publications, postage, and shipping | $344 |
| Other expenses | $29,193 |
| Total expenses | $109,424 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $73,419 |
| Other assets | $0 |
| Total assets | $110,166 |
| Total liabilities | $618 |
| Net assets or fund balances | $109,548 |