The Carpenters Boatshop
- Assets
- $2.1m
- Revenue
- $551.6k
- Investments
- $0.0
- Employees
- 7
- Location
- Pemaquid, ME
- Founding
- 04/1984
- Data as of
- 08/2022
- EIN
- 22-2512976
Organization Overview
The Carpenters Boatshop is located in Pemaquid, ME. The organization was established in 1984. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 08/2022, Carpenters Boatshop employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carpenters Boatshop 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 08/2022, Carpenters Boatshop generated $551.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $470.0k during the year ending 08/2022. While expenses have increased by 1.7% 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
APPRENTICE PROGRAM
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CARPENTERS BOAT SHOP HAS SUCCESSFULLY OFFERED AND COMPLETED 2 FOUR
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alicia Witham Executive Dire | Officer | 40 | $46,539 |
Abby Rowe Chair | OfficerTrustee | 3 | $0 |
Peter Mcnaught Treasurer | OfficerTrustee | 1 | $0 |
Bill Bausch Secretary | OfficerTrustee | 1 | $0 |
Karen Filler Vice President | OfficerTrustee | 2 | $0 |
Ken Elowe 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 | $357,468 |
| Noncash contributions included in lines 1a–1f | $57,396 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $357,468 |
| Total Program Service Revenue | $184,077 |
| Investment income | $10,075 |
| 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 | $551,620 |
| 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. | $46,539 |
| Compensation of current officers, directors, key employees. | $23,269 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $91,879 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $43,496 |
| Payroll taxes | $14,121 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,362 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,511 |
| Fees for services: Other | $0 |
| Advertising and promotion | $19,851 |
| Office expenses | $10,887 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,386 |
| Travel | $11,850 |
| 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 | $55,566 |
| Insurance | $46,020 |
| All other expenses | $0 |
| Total functional expenses | $469,988 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $135,547 |
| Savings and temporary cash investments | $8,995 |
| 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 | $7,000 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,480,681 |
| Investments—publicly traded securities | $511,651 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,143,874 |
| Accounts payable and accrued expenses | $1,194 |
| 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 | $0 |
| Total liabilities | $1,194 |
| Net assets without donor restrictions | $2,142,680 |
| 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 | $2,143,874 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that The Carpenters Boatshop has recieved totaling $78,547.
| Awarding Organization | Amount |
|---|---|
Rowe Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $46,000 |
Austin Community Foundation Austin, TX PURPOSE: UNRESTRICTED | $11,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $10,900 |
Horizon Foundation Inc Portland, ME PURPOSE: GENERAL SUPPORT | $5,000 |
Lojo Foundation Blue Hill, ME PURPOSE: ANNUAL FUND | $2,500 |
Reny Charitable Fndtn Tr Ua 010193 Gr Robert H & Carolyn D Reny Newcastle, ME PURPOSE: UNRESTRICTED | $2,000 |
Endowment Analysis
| Beg. Balance | $575,886 |
| Earnings | $66,057 |
| Admin Expense | $4,511 |
| Net Contributions | $6,333 |
| Ending Balance | $643,765 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hand In Hand Mano En Mano Milbridge, ME | $3,858,038 | $3,802,182 |
Learning Skills Academy Rye, NH | $2,583,079 | $3,737,999 |
Northern Forest Center Inc Concord, NH | $6,912,392 | $6,530,935 |
Firebird Foundation For Anthropological Research Inc Phillips, ME | $38,180,874 | $27,021,507 |
Mayhew Bristol, NH | $9,621,685 | $2,244,853 |
Center For Furniture Craftsmanship Rockport, ME | $18,059,466 | $3,564,927 |
New Hampshire Center For Nonprofits Concord, NH | $1,113,431 | $1,215,167 |
Itnamerica Westbrook, ME | $1,190,041 | $1,376,313 |
Ashwood Waldorf School Rockport, ME | $1,586,448 | $849,073 |
Hannah Grimes Center Keene, NH | $2,383,366 | $934,536 |
Center For Anthroposophy Nashua, NH | $1,447,745 | $1,017,540 |
Associated General Contractors Of Maine Augusta, ME | $830,259 | $873,963 |