Cei Investment Notes Inc
- Assets
- $6.8m
- Revenue
- $298.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Brunswick, ME
- Founding
- Data as of
- 09/2016
- EIN
- 26-1267370
Organization Overview
Cei Investment Notes Inc is located in Brunswick, ME. Cei Investment Notes Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2016
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP CREATE ECONOMICALLY AND ENVIRONMENTALLY HEALTHY COMMUNITIES IN WHICH ALL PEOPLE, ESPECIALLY THOSE WITH LOW INCOMES, CAN REACH THEIR FULL POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS OF SEPTEMBER 30, 2016, CINI HAD RAISED $6.811 MILLION IN CAPITAL AND APPROVED A TOTAL OF $7.9 MILLION IN 67 LOANS. THE PROJECTS FINANCED PROVIDED ECONOMIC, SOCIAL AND ENVIRONMENTAL BENEFITS TO NORTHEAST COMMUNITIES. WHILE THESE PROJECTS ARE PRIMARILY LOCATED IN THE MAINE COUNTIES OF WASHINGTON, LINCOLN, KENNEBEC, PENOBSCOT, OXFORD, WALDO, YORK, ANDROSCOGGIN, PISCATAQUIS AND CUMBERLAND. THEIR BENEFITS ARE MUCH BROADER THAN THE IMMEDIATE GEOGRAPHY. OVERALL, THESE PROJECTS CREATED/RETAINED 2,241 JOBS; PROVIDED OWNERSHIP OPPORTUNITIES FOR 20 WOMEN AND MINORITY BUSINESS OWNERS; CREATED/PRESERVED 68 UNITS OF AFFORDABLE HOUSING; CREATED CHILD CARE SLOTS FOR 210 LOW INCOME FAMILIES; AND EDUCATIONAL, THERAPEUTIC, EMPLOYMENT AND HEALTH SERVICES TO MORE THAN 39 OTHER LOW INCOME CLIENTS. IN ADDITION, THESE PROJECTS PROVIDED A RANGE OF ENVIRONMENTAL BENEFITS TO THOSE WITH LOW INCOMES, INCLUDING GREEN CONSTRUCTION; GREEN CLEANING SERVICES, ALTERNATIVE ENERGY; SUSTAINABLE AGRICULTURE; SUPPORT FOR LOCAL FOOD SYSTEMS; GROWSMART DEVELOPMENT; REDUCTION OF ENERGY CONSUMPTION; AND WASTE REDUCTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Egan Vice President | OfficerTrustee | 1 | $0 |
Ronald L Phillips Chairman | OfficerTrustee | 1 | $0 |
Corenna Howard Treasurer | OfficerTrustee | 1 | $0 |
Elizabeth Rogers Secretary | OfficerTrustee | 1 | $0 |
David Bennell Director | Trustee | 1 | $0 |
Kenneth Spirer Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,253 |
| Investment income | $11,159 |
| 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 | $298,022 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $52,364 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,978 |
| Travel | $295 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $171,724 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,325 |
| All other expenses | $0 |
| Total functional expenses | $388,247 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $335 |
| Savings and temporary cash investments | $1,979,998 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $215,529 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,652,863 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,848,725 |
| Accounts payable and accrued expenses | $369,244 |
| 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 | $99,729 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $6,712,060 |
| Other liabilities | $0 |
| Total liabilities | $7,181,033 |
| Net assets without donor restrictions | -$332,308 |
| 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 |
| Total liabilities and net assets/fund balances | -$332,308 |
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