Rafts Inc
- Assets
- $849.9k
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 32
- Location
- Lewiston, ME
- Founding
- 03/1984
- Data as of
- 06/2022
- EIN
- 22-2480417
Organization Overview
Rafts Inc is located in Lewiston, ME. The organization was established in 1984. According to its NTEE Classification (F30) the organization is classified as: Mental Health Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 06/2022, Rafts Inc employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rafts 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 06/2022, Rafts Inc generated $2.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $2.2m during the year ending 06/2022. While expenses have increased by 8.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HOUSING AND CARE TO MENTAL HEALTH CLIENTS AT THREE GROUP HOME SETTINGS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HOUSING AND CARE TO MENTAL HEALTH CLIENTS AT THREE GROUP HOME SETTINGS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harold Strout Administrator | Officer | 40 | $101,068 |
Reinette Kent Presidentsecretary | OfficerTrustee | 1 | $0 |
Marie Labonte Director | Trustee | 1 | $0 |
Dennis Dubois Director | Trustee | 1 | $0 |
Christine Rand Director | 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 | $150 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $150 |
| Total Program Service Revenue | $2,292,556 |
| Investment income | $33 |
| 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 | $2,292,739 |
| 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 | $1,372,068 |
| Pension plan accruals and contributions | $22,727 |
| Other employee benefits | $179,987 |
| Payroll taxes | $109,103 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $55,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $867 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $85,688 |
| Travel | $5,815 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,275 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,151 |
| Insurance | $27,552 |
| All other expenses | $40,718 |
| Total functional expenses | $2,157,345 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $317,603 |
| Savings and temporary cash investments | $840 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $303,925 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $12 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $227,485 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $849,865 |
| Accounts payable and accrued expenses | $278,839 |
| 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 | $62,194 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $341,033 |
| 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 | $508,832 |
| Total liabilities and net assets/fund balances | $849,865 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Country Home Health & Hospice Agency Inc Littleton, NH | $5,198,676 | $9,102,928 |
Wings For Children And Families Bangor, ME | $2,555,243 | $4,669,284 |
Personal Services Of Aroostook Presque Isle, ME | $2,978,126 | $3,323,594 |
Area Iv Mental Health Services Coalition Lewiston, ME | $983,331 | $2,850,480 |
Nami-Maine Incorporated Hallowell, ME | $1,634,762 | $2,619,115 |
Rafts Inc Lewiston, ME | $849,865 | $2,292,739 |
Janus Supportive Living Services Inc Washington, ME | $2,957,101 | $1,220,568 |
Mabel Wadsworth Womens Health Center Bangor, ME | $733,846 | $955,236 |
Penquis Mental Health Association Bangor, ME | $5,179,645 | $163,692 |
Monadnock Area Peer Support Agency Keene, NH | $1,256,607 | $914,003 |
Lakes Region Consumer Advisory Board Laconia, NH | $224,049 | $298,362 |
Community Improvement Associates Inc Keene, NH | $49,760 | $217,930 |