Miles Memorial Hospital League
- Assets
- $695.8k
- Revenue
- $454.8k
- Investments
- $0.0
- Employees
- 9
- Location
- Damariscotta, ME
- Founding
- 04/1974
- Data as of
- 12/2023
- EIN
- 23-7212628
Organization Overview
Miles Memorial Hospital League is located in Damariscotta, ME. The organization was established in 1974. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2023, Miles Memorial Hospital League employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Miles Memorial Hospital League 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, Miles Memorial Hospital League generated $454.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $344.8k 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
IN OPERATION SINCE 1930, MILES MEMORIAL HOSPITAL LEAGUE IS A 501(C)3 NON-PROFIT ORGANIZATION FORMED TO IMPROVE THE HEALTHCARE OF OUR COMMUNITY THROUGH PROVIDING FINANCIAL SUPPORT FOR OUR LOCAL HEALTHCARE SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MILES MEMORIAL HOSPITAL LEAGUE OPERATES A THRIFT SHOP THAT SELLS DONATED GOODS. PROCEEDS FROM ITS ACTIVITIES ARE DEVOTED TO THE SUPPORT OF LINCOLNHEALTH AND OTHER MIDCOAST MAINE HEALTH-RELATED ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marva Nesbit Director | Trustee | 8 | $0 |
Susan Winter President & Director | OfficerTrustee | 8 | $0 |
Timothy Cheney Treasurer & Director | OfficerTrustee | 10 | $0 |
Ann Mcfarland VP & Director | OfficerTrustee | 12 | $0 |
Trudy Reilly Director | Trustee | 12 | $0 |
Annie Pathik Director & Secretary | OfficerTrustee | 3 | $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 | $3,433 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,433 |
| Total Program Service Revenue | $0 |
| Investment income | $74 |
| 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 | $451,326 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $454,833 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $43,855 |
| 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 | $164,015 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,617 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,900 |
| Fees for services: Accounting | $4,508 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,417 |
| Office expenses | $2,441 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $82,168 |
| 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 | $2,105 |
| Insurance | $6,854 |
| All other expenses | $3,394 |
| Total functional expenses | $344,782 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,515 |
| Savings and temporary cash investments | $69,153 |
| 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 | $558,146 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $695,814 |
| Accounts payable and accrued expenses | $4,993 |
| 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 | $500,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $504,993 |
| Net assets without donor restrictions | $190,821 |
| 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 | $695,814 |
Grants Awarded
Over the last fiscal year, Miles Memorial Hospital League has awarded $129,150 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LINCOLNHEALTH PURPOSE: GENERAL SUPPORT | $119,150 |
COMMUNITY ENERGY FUND LC PURPOSE: GENERAL SUPPORT | $10,000 |