Quoddy Tides Foundation, operating under the name Tides Institute, is located in Eastport, ME. The organization was established in 1976. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Tides Institute employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tides Institute 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, Tides Institute generated $742.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $382.8k during the year ending 12/2022. While expenses have increased by 5.8% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
BRIDGING BOUNDARIES, EXPLORING BORDERS FOUNDED IN 2002 IN EASTPORT MAINE, THE TIDES INSTITUTE & MUSEUM OF ART IS LOCATED ON LONG STANDING TRADITIONAL AND CONTINUING PASSAMAQUODDY HOMELANDS ALONG THE ATLANTIC COAST AT THE UNITED STATES/CANADA BORDER. THIS BOUNDARY LOCATION SHAPES ITS PERSPECTIVE ON THE REGION AND THE BROADER WORLD: THROUGH ITS INITIATIVES AND PROGRAMS TO FOSTER NEW INNOVATIVE AND CROSS-SECTOR WORKS; THROUGH ITS WIDE RANGING COLLECTIONS, EDUCATION AND PRESERVATION EFFORTS; AND THROUGH ITS PARTNERSHIPS AND ENDEAVORS TO STRENGTHEN THE REGION'S ECONOMIC PROSPERITY, VITALITY AND WIDER CONNECTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLECTIONS - IN 2022, THE ORGANIZATION ADDED TO ITS COLLECTION WITH LARGE SELECTIONS OF PHOTOGRAPHS AND GLASS PLATE NEGATIVES OF DENNYSVILLE AND LUBEC, MAINE; OVER 750 ART AND PHOTOGRAPHY BOOKS FROM THE ESTATE OF BOSTON ARTIST, STEVEN TREFONIDES (1926-2021), WHO WAS ALSO A LONG-TIME SUMMER RESIDENT OF LUBEC; AND 33 WORKS OF ART BY NEW BRUNSWICK ARTIST, FRANK DRUMMOND ALLISON, AMONG OTHER ITEMS.
PRESERVATION - THE ORGANIZATION HIRED MACHADO-SILVETTI ARCHITECTS OF BOSTON IN EARLY 2022 AND THEY COMPLETED REDEVELOPMENT PLANS FOR THE ORGANIZATION'S MASONIC BUILDING INCLUDING EXHIBITION AND COLLECTION SPACES. WORK ON STABILIZING THE FRONT FACADE OF THE BUILDING CONTINUED, WITH MASONS BEGINNING THE RESTORATION WORK ON THE 2ND AND 3RD STORIES. IN 2022, THE ORGANIZATION WAS GIVEN A SHOREFRONT PROPERTY AND HISTORIC COTTAGE IN CAPE SPLIT IN ADDISON MAINE FROM BOSTON-BASED FILMMAKER, BARBARA HANANIA, WHO PASSED AWAY IN MID-SEPTEMBER. THE PROPERTY IS KNOWN AS "KIYE," THE PASSAMAQUODDY WORD FOR SUNSET. NEW YORK CITY WRITER AND CIVIL RIGHTS ACTIVIST, HERBERT SELIGMANN AND HIS WIFE, LILIAS, A DANCER, HAD THE COTTAGE BUILT IN 1942, AND THE ORGANIZATION WILL PRESERVE THE PROPERTY AND ADD STAYS AT THE LOCATION TO ITS ARTIST RESIDENCY PROGRAM OFFERINGS IN THE FUTURE.
EDUCATION IN 2022, THE ORGANIZATION PRESENTED THREE EXHIBITIONS INCLUDING A WINDOW-FACING INSTALLATION BY MID-COAST MAINE-BASED ARTIST, DEVON KELLEY-YURDIN, THAT HAD A COMPANION EXHIBITION IN OUR NEARBY STUDIOWORKS FACILITY; AN EXHIBITION, "ROTATING VIEWS: TIMA AT 20," CHANGING ITEMS AND ACTIVITIES HIGHLIGHTING OUR FIRST 20 YEARS OF COLLECTING; AND AN EXHIBITION BY HALIFAX-BASED ARTIST, CHARLEY YOUNG, "SALVAGED SCRIPT," THAT FEATURED PRINTS AND LATEX IMPRESSIONS OF SELECTED ARCHITECTURAL ELEMENTS FROM THE ORGANIZATION'S COLLECTIONS AND BUILDINGS. THE ORGANIZATION HIRED A PART- TIME EDUCATION PROGRAM SPECIALIST IN 2022, WHO HAS MUSEUM EDUCATION AND PUBLIC TEACHING EXPERIENCE, AND FIELD TRIP VISITS BY AREA SCHOOLS AND OTHER OUTREACH INITIATIVES CONTINUED, AS DID ACTIVITIES DURING FESTIVALS AND OTHER REGIONAL EVENTS. FOSTER NEW WORK IN 2022, THE ORGANIZATION BROUGHT 17 ARTISTS TO LIVE AND WORK IN THE COMMUNITY AND REGION THROUGH THE STUDIOWORKS ARTIST-IN- RESIDENCE PROGRAM. ELEVEN OF THE ARTISTS CAME FROM DIFFERENT STATES ACROSS THE U.S., FOUR CAME FROM CANADA AND ONE EACH CAME FROM ITALY AND AUSTRIA. THERE WAS A 50 PERCENT INCREASE IN APPLICATIONS TO THE PROGRAM IN 2022. ARTISTS PURSUED PROJECTS RANGING FROM COMPLEX SCULPTURE BASED ON CLIMATE CHANGE DATA TO PARTICIPATORY PROJECTS DESIGNED TO ELICIT RESPONSES FROM MEMBERS OF THE COMMUNITY, ALTERNATIVE PRINTMAKING PROJECTS, TO PHOTOGRAPHY, VIDEO, DRAWING, PROJECTION AND MULTIMEDIA INSTALLATIONS. PARTNERSHIPS IN 2022, THE ORGANIZATION CONTINUED PARTNERSHIPS WITH AREA ORGANIZATIONS, INCLUDING THE DOWNEAST RAINBOW ALLIANCE, EASTPORT ARTWALK, EASTPORT SENIOR CENTER, AREA SCHOOLS AND REGIONAL ORGANIZATIONS. THE PRINT VERSION OF THE ORGANIZATION'S 2022 ARTSIPELAGO CULTURAL GUIDE AND MAP WAS PUBLISHED IN MAY AFTER A TWO YEAR HIATUS DUE TO THE PANDEMIC. NEW TO THE 2022 EDITION IS THE ADDITION OF PASSAMAQUODDY PLACE NAMES THROUGHOUT THE REGION. DONALD SOCTOMAH, TRIBAL HISTORIC PRESERVATION DIRECTOR, AND OTHERS PROVIDED THE PASSAMAQUODDY PLACE NAMES, AND THAT PARTNERSHIP BETWEEN INDIGENOUS CULTURE KEEPERS AND THE ORGANIZATION WILL INFORM FUTURE WORK.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Raine Miller Trustee | Trustee | 1 | $0 |
Markley Boyer President/vp | OfficerTrustee | 1 | $0 |
Hugh French Executive Di | Trustee | 20 | $30,333 |
Penelope Lemon Trustee | Trustee | 1 | $0 |
Kristin Mckinlay Asst Dir Of | Trustee | 20 | $19,325 |
John Leroux Trustee | Trustee | 1 | $0 |
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 | $722,023 |
Noncash contributions included in lines 1a–1f | $199,000 |
Total Revenue from Contributions, Gifts, Grants & Similar | $722,023 |
Total Program Service Revenue | $12,040 |
Investment income | $995 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $404 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $742,558 |
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. | $49,658 |
Compensation of current officers, directors, key employees. | $14,629 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $11,239 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $4,659 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
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 | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $42,999 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $9 |
Interest | $7,481 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $68,285 |
Insurance | $27,842 |
All other expenses | $19,455 |
Total functional expenses | $382,787 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $162,444 |
Savings and temporary cash investments | $36,751 |
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 | $2,184 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $2,692,481 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $478,132 |
Total assets | $3,371,992 |
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 | $148,153 |
Other liabilities | $186 |
Total liabilities | $148,339 |
Net assets without donor restrictions | $3,223,653 |
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 | $3,371,992 |