Monhegan Associates Inc
- Assets
- $689.5k
- Revenue
- $101.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Cape Elizabeth, ME
- Founding
- 11/2009
- Data as of
- 05/2023
- EIN
- 01-6013556
Organization Overview
Monhegan Associates Inc is located in Cape Elizabeth, ME. The organization was established in 2009. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. As of 05/2023, Monhegan Associates Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monhegan Associates 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 05/2023, Monhegan Associates Inc generated $101.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $75.8k during the year ending 05/2023. While expenses have increased by 3.9% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MONHEGAN ASSOCIATES IS A LAND TRUST DEDICATED TO THE ONGOING PRESERVATION OF THE NATURAL WILD BEAUTY AND BIOTIC COMMUNITIES OF MORE THAN 350 ACRES OF WILDLANDS ON MONHEGAN ISLAND IN MAINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MONHEGAN ASSOCIATES MAINTAINS A NINE-MILE TRAIL SYSTEM THROUGH THE WILDLANDS OF MONHEGAN ISLAND WITH THE ASSISTANCE OF WEEKLY VOLUNTEERS DURING THE SUMMER MONTHS AND A DEDICATED WORK CREW FOR MORE SUBSTANTIAL REPAIRS AND RESTORATION IN THE FALL. THE CONDITION OF THE TRAILS AND THE WILDLANDS IS MONITORED BY A COORDINATOR WHO RECOMMENDS PROJECTS AND THEIR PRIORITY. COORDINATED WITH WILDLANDS PRESERVATION IS THE REMOVAL OR CONTAINMENT OF INVASIVE PLANTS THAT THREATEN THE HEALTH OF THE FOREST. EDUCATION AND RESEARCH ARE THE MAJOR ACTIVITIES OF THE MONHEGAN ASSOCIATES, WHICH SPONSORS A SUMMER SERIES OF ECOLOGY LECTURES AND SUPPORTS ACADEMIC RESEARCH TO INFORM LAND MANAGEMENT SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marlene Arvan Trustee | Trustee | 1 | $0 |
Sally Boynton Trustee | Trustee | 1 | $0 |
John Christie Treasurer | OfficerTrustee | 1 | $0 |
Frederick Faller President | OfficerTrustee | 1 | $0 |
Sally Freeman Secretary | OfficerTrustee | 1 | $0 |
James Galvin Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $68,176 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $68,176 |
| Total Program Service Revenue | $10,777 |
| Investment income | $5,059 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $17,578 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $101,590 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $36,519 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,078 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,892 |
| Fees for services: Accounting | $3,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,416 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,935 |
| All other expenses | $1,091 |
| Total functional expenses | $75,835 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127,842 |
| Savings and temporary cash investments | $10,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $659 |
| Net Land, buildings, and equipment | $200,232 |
| Investments—publicly traded securities | $334,735 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,008 |
| Total assets | $689,476 |
| Accounts payable and accrued expenses | $634 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $634 |
| Net assets without donor restrictions | $688,842 |
| 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 | $689,476 |