Somesville Landing Corp
- Assets
- $375.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mount Desert, ME
- Founding
- 06/1958
- Data as of
- 12/2021
- EIN
- 01-6017888
Organization Overview
Somesville Landing Corp is located in Mount Desert, ME. The organization was established in 1958. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Somesville Landing Corp 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, Somesville Landing Corp generated $94.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.8% each year . All expenses for the organization totaled $48.5k during the year ending 12/2021. While expenses have increased by 5.2% 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
2021
Describe the Organization's Program Activity:
Part 3
SOMESVILLE LANDING CORPORATION PROVIDES AND MAINTAINS PUBLIC ACCESS TO THE ATLANTIC OCEAN FOR THE GREATER SOMESVILLE / MOUNT DESERT ISLAND AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Barnes Treasurer & | 0 | $0 | |
Julian Kuffler Director | 0 | $0 | |
Thomas Fernald Director | 0 | $0 | |
Dr J R Krevans Jr Director | 0 | $0 | |
Billy Helprin Vice Pres & | 0 | $0 | |
Marci Lash Secretary & | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $93,978 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $325 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $75 |
| Total Revenue | $94,378 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $10,765 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $37,749 |
| Total expenses | $48,514 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $195,158 |
| Other assets | $0 |
| Total assets | $374,967 |
| Total liabilities | $807 |
| Net assets or fund balances | $374,160 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Somesville Landing Corp has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Community Improvement & Capacity Building | $15,000 |
Colket Family Foundation Newtown Square, PA PURPOSE: GENERAL OPERATING | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Innovation Network For Communities Tamworth, NH | $2,636,975 | $4,286,946 |
Associated General Contractors Of New Hampshire Inc Bow, NH | $915,099 | $422,700 |
New England Ratepayers Association Concord, NH | $4,461 | $278,650 |
New Hampshire Motor Transport Association Concord, NH | $2,275,761 | $464,326 |
In Her Presence Portland, ME | $427,441 | $637,160 |
Old Town Recreation Center Stillwater, ME | $52,241 | $367,786 |
Queen City Bicycle Collective Manchester, NH | $179,849 | $293,662 |
National Collaborative For Digital Equity Weare, NH | $17,038 | $0 |
Downtown Ongoing Improvement Team Do It Milford, NH | $38,533 | $0 |
Augusta Downtown Alliance Augusta, ME | $31,350 | $0 |
International Union Of Painters And Allied Trades Brentwood, NH | $50,038 | $0 |
New Hampshire School Transportation Association Concord, NH | $34,603 | $0 |