Chebeague Island Community Association
- Assets
- $473.9k
- Revenue
- $54.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Chebeague Island, ME
- Founding
- 07/2007
- Data as of
- 12/2023
- EIN
- 20-3025485
Organization Overview
Chebeague Island Community Association is located in Chebeague Island, ME. The organization was established in 2007. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, 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. Chebeague Island Community Association 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, Chebeague Island Community Association generated $54.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (41.3%) each year. All expenses for the organization totaled $56.4k during the year ending 12/2023. 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 ORGANIZATION'S MISSION IS TO ENSURE THE SURVIVAL AND LONG-TERM VIABILITY OF CHEBEAGUE ISLAND AS A YEAR-ROUND COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SURVIVAL AND LONG-TERM VIABILITY OF CHEBEAGUE ISLAND AS A YEAR-ROUND COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ben Yosua-Davis Member | Trustee | 1 | $0 |
Robert Earnest Treasurer | OfficerTrustee | 1 | $0 |
Hank Whetham Member | Trustee | 1 | $0 |
Bill Mackenzie President | OfficerTrustee | 1 | $0 |
Virginia Castine Member | Trustee | 1 | $0 |
Kel Haney Vice-President | OfficerTrustee | 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 | $33,682 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,682 |
| Total Program Service Revenue | $21,000 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $54,682 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,100 |
| 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 | $932 |
| 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 | $612 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,551 |
| Insurance | $2,828 |
| All other expenses | $1,850 |
| Total functional expenses | $56,411 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,175 |
| Savings and temporary cash investments | $110,000 |
| 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 | $0 |
| Net Land, buildings, and equipment | $302,741 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $473,916 |
| Accounts payable and accrued expenses | $1,770 |
| 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 | $7,305 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,073 |
| Total liabilities | $11,148 |
| Net assets without donor restrictions | $0 |
| 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 | $462,768 |
| Total liabilities and net assets/fund balances | $473,916 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sunrise County Economic Council Machias, ME | $4,797,722 | $4,212,180 |
Monadnock Economic Development Corporation Keene, NH | $42,887,115 | $1,917,108 |
Mount Desert 365 Northeast Harbor, ME | $9,908,522 | $327,745 |
Scarborough Economic Development Corp Scarborough, ME | $61,698 | $281,178 |
Piscataquis County Economic Development Council Dover Foxcroft, ME | $712,478 | $222,036 |
New Hampshire Alliance Of Regional Development Corporations Inc Conway, NH | $12,263 | $162,273 |
Alpha Loft Manchester, NH | $17,481 | $56,639 |
Friends Of Congress Square Park Portland, ME | $504,073 | $138,927 |
Greater Keene Chamber Of Commerce Foundation Keene, NH | $9,293 | $23,750 |
Chebeague Island Community Association Chebeague Island, ME | $473,916 | $54,682 |
Colebrook Downtown Development Associatioon Inc Colebrook, NH | $0 | -$123,112 |
Newmarket Community Development Corp Newmarket, NH | $852,183 | $49,933 |
Keene Downtown Housing Corporation Keene, NH | $659,684 | $2,605 |