Maine Forest & Logging Museum Inc
- Assets
- $878.6k
- Revenue
- $128.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Bradley, ME
- Founding
- 11/1962
- Data as of
- 12/2022
- EIN
- 01-6019448
Organization Overview
Maine Forest & Logging Museum Inc is located in Bradley, ME. The organization was established in 1962. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Maine Forest & Logging Museum Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maine Forest & Logging Museum 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 12/2022, Maine Forest & Logging Museum Inc generated $128.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $94.8k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO COLLECT, PRESERVE AND SHARE ARTIFACTS, DOCUMENTS, TOOLS, EQUIPMENT AND STORIES RELATING TO THE HISTORY OF THE MAINE WOODS, PARTICULARLY THE PIONEER AND LUMBER PERIODS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A MUSEUM IN THE FORM OF A WORKING LATE 19TH CENTURY/EARLY 20TH CENTURY LUMBER MILL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Wetherbee President | OfficerTrustee | 2 | $0 |
Kenneth F Carle III Treasurer | OfficerTrustee | 2 | $0 |
Terri Coolong Secretary | OfficerTrustee | 2 | $0 |
Byron Aubrey Director | Trustee | 2 | $0 |
Tom Christensen Director | Trustee | 2 | $0 |
Peter Collins Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,980 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $56,720 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $83,700 |
| Total Program Service Revenue | $46,337 |
| Investment income | $4,019 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,502 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $128,554 |
| 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 | $24,509 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,998 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,187 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,349 |
| Office expenses | $3,446 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $340 |
| 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 | $5,890 |
| Insurance | $3,733 |
| All other expenses | $783 |
| Total functional expenses | $94,804 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,725 |
| Savings and temporary cash investments | $0 |
| 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 | $3,985 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $578,379 |
| Investments—publicly traded securities | $215,694 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,783 |
| Total assets | $878,566 |
| Accounts payable and accrued expenses | $0 |
| 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 | $563 |
| Total liabilities | $563 |
| Net assets without donor restrictions | $658,986 |
| Net assets with donor restrictions | $219,017 |
| 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 | $878,566 |