Ocean Point Colony Trust Inc
- Assets
- $1.5m
- Revenue
- $84.1k
- Investments
- $0.0
- Employees
- 2
- Location
- East Boothbay, ME
- Founding
- 12/1972
- Data as of
- 12/2022
- EIN
- 23-7185846
Organization Overview
Ocean Point Colony Trust Inc is located in East Boothbay, ME. The organization was established in 1972. According to its NTEE Classification (C11) the organization is classified as: Single Organization Support, under the broad grouping of Environment and related organizations. As of 12/2022, Ocean Point Colony Trust Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ocean Point Colony Trust 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 12/2022, Ocean Point Colony Trust Inc generated $84.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (41.2%) each year. All expenses for the organization totaled $99.0k during the year ending 12/2022. 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
THE ORGANIZATION IS DEDICATED TO THE RESPONSIBLE STEWARDSHIP OF PROPERTIES AND RESOURCES FOR PUBLIC USE AND CREATING PROGRAMS AND ACTIVITIES AT OCEAN POINT, MAINE FOR THE ENJOYMENT OF ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OCEAN POINT COLONY TRUST ("OPCT") IS DEDICATED TO THE RESPONSIBLE STEWARDSHIP OF PROPERTIES AND RESOURCES FOR PUBLIC USE AND CREATING PROGRAMS AND ACTIVITIES AT OCEAN POINT, MAINE FOR THE ENJOYMENT OF ALL. DURING THE YEAR ENDED DECEMBER 31, 2022 THE OPCT ALLOWED PUBLIC ACCESS TO ALL OF ITS PROPERTIES. PRESENTLY, THE OPCT PRESERVES AND MAINTAINS OVER 14 ACRES OF LAND, THE MAJORITY OF WHICH IS IN A "FOREVER WILD" STATE. INCLUDED IN ITS HOLDINGS ARE WOODLANDS, A PLAYGROUND, BALLFIELDS, TENNIS COURTS, A CASINO BUILDING, A BEACH AND PARKING AREA, AND 1000 FEET OF OCEAN FRONTAGE WHICH THE OPCT HAS PROTECTED FROM DEVELOPMENT. COUNTLESS THOUSANDS OF VISITORS TO THE BOOTHBAY REGION OF MAINE AS WELL AS LOCAL CITIZENRY ENJOY THESE PROPERTIES AT NO CHARGE. DURING THE YEAR THE OPCT CONTINUED ITS WOODLOT MANAGEMENT PROGRAM AND DEVELOPMENT OF A PLANNED TRAIL SYSTEM FOR HIKERS OF ALL AGES AND ABILITIES. IN ADDITION TO FULFILLING ITS PRIMARY MISSION OF RESPONSIBLE STEWARDSHIP, THE OPCT PROVIDED (A) ATHLETIC ACTIVITIES FOR YOUNG CHILDREN THROUGH TEENS INCLUDING SOCCER, SOFTBALL, VOLLEYBALL, TENNIS, CAPTURE THE FLAG AND KICKBALL, (B) TENNIS LESSONS FROM THE BEGINNER LEVEL TO THE INTERMEDIATE LEVEL, TENNIS CLINICS AND FIELDED A TENNIS TEAM, (C) ARTS AND CRAFTS WORKSHOPS FOR CHILDREN, (D) READING PROGRAMS, INCLUDING AN AFTERNOON STORY HOUR FOR CHILDREN AND A LENDING LIBRARY, (E) SOCIAL AND DINING ACTIVITIES FOR PEOPLE OF ALL AGES INCLUDING A CHICKEN BARBECUE, A PASTA DINNER, A LOBSTER BAKE, PANCAKE BREAKFASTS, BALL GAME COOKOUTS AND A ROAD RACE (F) ENCOURAGEMENT AND OPPORTUNITIES TO YOUNG PEOPLE TO PARTICIPATE IN ACTIVITIES THAT DEVELOP A SENSE OF CAMARADERIE AND VOLUNTEERISM SUCH AS FUND RAISING EVENTS FOR OTHER NON-PROFIT ORGANIZATIONS AND MAINTAINING THE OPCT'S PROPERTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alex Hall President | OfficerTrustee | 5 | $0 |
Barbara Slayton Vice President | OfficerTrustee | 1 | $0 |
Barbara Klein Treasurer | OfficerTrustee | 5 | $0 |
Maryellen Bertrand Secretary | OfficerTrustee | 3 | $0 |
Susan Anderson Trustee | Trustee | 1 | $0 |
Kelly Robbins Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Knickerbocker Group Llc Building Construction | 12/30/20 | $1,024,468 |
Maine Tennis & Track Llc Tennis Court, Etc. Construction | 12/30/20 | $120,062 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $34,350 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $21,766 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,116 |
| Total Program Service Revenue | $12,800 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,950 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $7,191 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $84,057 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,000 |
| 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 | $13,331 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,200 |
| Payroll taxes | $1,020 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,366 |
| Fees for services: Accounting | $536 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,474 |
| Advertising and promotion | $0 |
| Office expenses | $1,620 |
| Information technology | $4,011 |
| Royalties | $0 |
| Occupancy | $14,070 |
| Travel | $0 |
| 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 | $44,082 |
| Insurance | $8,565 |
| All other expenses | $0 |
| Total functional expenses | $98,995 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,221 |
| Savings and temporary cash investments | $0 |
| 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 | $1,422,356 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,524,577 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $2,000 |
| 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 | $2,000 |
| Net assets without donor restrictions | $1,522,577 |
| 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 | $1,524,577 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John Elwyn Stone Trust Uw Bedford, NH | $7,297,900 | $173,743 |
Dei Real Estate Inc Beals Island, ME | $8,051,005 | $221,725 |
Friends Of Hog Island Bremen, ME | $248,511 | $139,444 |
Ocean Point Colony Trust Inc East Boothbay, ME | $1,524,577 | $84,057 |
Friends Of Seguin Island Light Station Bath, ME | $260,493 | $0 |
Meriden Bird Club Plainfield, NH | $68,030 | $4,914 |
Belknap Association For Natural Resources Conservation Laconia, NH | $5,856 | $0 |