The Carpenters Boatshop
- Assets
- $2.2m
- Revenue
- $610.0k
- Investments
- $0.0
- Employees
- 9
- Location
- Pemaquid, ME
- Founding
- 04/1984
- Data as of
- 08/2023
- 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 08/2023, Carpenters Boatshop employed 9 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 08/2023, Carpenters Boatshop generated $610.0k 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 $553.1k during the year ending 08/2023. While expenses have increased by 3.6% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
APPRENTICE PROGRAM
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE SUCCESSFULLY OFFERED OUR 9 MONTH APPRENTICESHIP PROGRAM,
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alicia Witham Executive Dire | Officer | 40 | $51,346 |
Abby Rowe Chair | OfficerTrustee | 3 | $0 |
Karen Filler Vice President | OfficerTrustee | 2 | $0 |
Peter Mcnaught Treasurer | OfficerTrustee | 1 | $0 |
Matt Filler Director | Trustee | 2 | $0 |
Lisa Conway 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 | $418,149 |
| Noncash contributions included in lines 1a–1f | $35,481 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $418,149 |
| Total Program Service Revenue | $147,250 |
| Investment income | $44,588 |
| 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 | $609,987 |
| 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. | $51,346 |
| Compensation of current officers, directors, key employees. | $20,538 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $107,039 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $37,388 |
| Payroll taxes | $15,877 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,973 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,192 |
| Fees for services: Other | $0 |
| Advertising and promotion | $15,322 |
| Office expenses | $11,213 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $52,431 |
| Travel | $11,446 |
| 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 | $62,885 |
| Insurance | $53,737 |
| All other expenses | $0 |
| Total functional expenses | $553,116 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131,964 |
| Savings and temporary cash investments | $8,999 |
| 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 | $2,800 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,442,296 |
| Investments—publicly traded securities | $617,042 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,203,101 |
| Accounts payable and accrued expenses | $3,550 |
| 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 | $3,550 |
| Net assets without donor restrictions | $2,199,551 |
| 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 | $2,203,101 |