Maine Center For Coastal Fisheries
- Assets
- $1.7m
- Revenue
- $561.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Stonington, ME
- Founding
- 04/2004
- Data as of
- 06/2023
- EIN
- 27-0069386
Organization Overview
Maine Center For Coastal Fisheries is located in Stonington, ME. The organization was established in 2004. According to its NTEE Classification (U21) the organization is classified as: Marine Science & Oceanography, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maine Center For Coastal Fisheries 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 06/2023, Maine Center For Coastal Fisheries generated $561.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.3%) each year. All expenses for the organization totaled $624.4k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (8.7%) per year over the past 9 years. 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
SECURE A SUSTAINABLE FUTURE FOR FISHERIES AND FISHING COMMUNITIES IN EASTERN MAINE AND BEYOND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION: EASTERN MAINE SKIPPERS PROGRAM IS THE MAJOR EDUCATIONAL PROGRAM OF THE ORGANIZATION. THE ORGANIZATION SERVES AS FISCAL AND ORGANIZATIONAL HOME FOR THE COLLABORATIVE PROGRAM THAT PROVIDES ASPIRING COMMERCIAL FISHERMEN IN EASTERN MAINE HIGH SCHOOLS AND IN THEIR EARLY CAREERS WITH THE CORE KNOWLEDGE AND SKILLS NEEDED TO BE SUCCESSFUL IN THE 21ST CENTURY, ON THE WATER OR IN OTHER CAREERS. IT PREPARES STUDENTS TO BE EFFECTIVE PARTICIPANTS IN FISHERIES CO-MANAGEMENT ROLES: AS FISHERMEN, SCIENTISTS OR REGULATORS.EDUCATION ALSO INCLUDES THE ORGANIZATION'S FISHERIES EDUCATION CENTER AT ITS WATERFRONT HEADQUARTERS, WITH TOUCH TANK, INTERACTIVE WALL, AND VIRTUAL REALITY EXPERIENCE THAT PROVIDES FISHERIES INFORMATION FOR ALL AGES. ADDITIONAL EDUCATIONAL OUTREACH TO THE PUBLIC INCLUDES A SUMMER INTERNSHIP PROGRAM, A MONTHLY LUNCH & LEARN WEBINAR SERIES, A WEEKLY NEWSPAPER COLUMN, AND HOSTING COLLEGE FIELD TRIPS.
CONVENING INCLUDES ALL OF THE ORGANIZATION'S OUTREACH TO FISHERMEN, ITS RIVER HERRING (ALEWIFE) RESTORATION ACTIVITIES, SUPPORT FOR COMMUNITY SHELLFISH CO-MANAGEMENT, AND COLLABORATION ON WATERSHED RESTORATION INITIATIVES WITH THE DOWNEAST FISHERIES PARTNERSHIP.
SCIENCE INCLUDES THE ORGANIZATION'S ONGOING WORK WITH THE NATIONAL MARINE FISHERIES SERVICE AND THE MAINE DEPT. OF MARINE RESOURCES IN COMMUNITY OUTREACH, ASSET MAPPING AND DATA MANAGEMENT TO DEVELOP THE RESEARCH FRAMEWORK TO SUPPORT A CO-MANAGED, ECOSYSTEM-BASED FISHERIES MANAGEMENT PILOT IN EASTERN MAINE. IT INCLUDES ALL OF THE ORGANIZATION'S COLLABORATIVE RESEARCH INCLUDING SENTINEL SURVEY, LOBSTER RESEARCH, INVESTIGATION OF LARVAL SCALLOP DISTRIBUTION IN SUPPORT OF SCALLOP AQUACULTURE, AND COASTAL OCEAN OBSERVATION AND MONITORING IN COLLABORATION WITH THE PASSAMAQUODDY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joan Sorenson Chair | OfficerTrustee | 10 | $0 |
David Thomas Vice Chair | OfficerTrustee | 2 | $0 |
Charles Rudelitch Treasurer | OfficerTrustee | 3 | $0 |
Jane Osborne Secretary | OfficerTrustee | 2 | $0 |
Marsden Brewer Director | Trustee | 2 | $0 |
Michelle Carter Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $71,117 |
| All other contributions, gifts, grants, and similar amounts not included above | $488,447 |
| Noncash contributions included in lines 1a–1f | $16,502 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $559,564 |
| Total Program Service Revenue | $1,331 |
| Investment income | $242 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $561,142 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $38,125 |
| Grants and other assistance to domestic individuals. | $2,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $71,947 |
| Compensation of current officers, directors, key employees. | $14,389 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $243,803 |
| Pension plan accruals and contributions | $10,781 |
| Other employee benefits | $55,184 |
| Payroll taxes | $21,269 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,685 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $345 |
| Fees for services: Other | $26,501 |
| Advertising and promotion | $6,410 |
| Office expenses | $14,260 |
| Information technology | $480 |
| Royalties | $0 |
| Occupancy | $31,323 |
| Travel | $16,543 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,596 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,329 |
| Insurance | $684 |
| All other expenses | $0 |
| Total functional expenses | $624,400 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $230,008 |
| Savings and temporary cash investments | $19,747 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $45,188 |
| 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 | $5,079 |
| Net Land, buildings, and equipment | $1,175,813 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $97,954 |
| Other assets | $84,949 |
| Total assets | $1,658,738 |
| Accounts payable and accrued expenses | $66,388 |
| 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 | $225,176 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $291,564 |
| Net assets without donor restrictions | $1,124,704 |
| Net assets with donor restrictions | $242,470 |
| 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 | $1,658,738 |
Grants Awarded
Over the last fiscal year, Maine Center For Coastal Fisheries has awarded $38,125 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
TIDAL BAY CONSULTING LLC PURPOSE: Fiscal Sponsorship - Operational Support | $14,625 |
UNIVERSITY OF MAINE FOUNDATION PURPOSE: Fiscal Sponsorship - Operational Support | $13,500 |
MANOMET CENTER FOR CONSERVATION SCIENCE PURPOSE: Fiscal Sponsorship - Operational Support | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bigelow Laboratory For Ocean Sciences East Boothbay, ME | $104,522,449 | $30,523,194 |
Northeastern Regional Association Of Coastal Ocean Observation Syste Portsmouth, NH | $983,680 | $4,416,158 |
Gulf Of Maine Lobster Foundation Inc Kennebunk, ME | $151,891 | $972,485 |
Maine Center For Coastal Fisheries Stonington, ME | $1,658,738 | $561,142 |
New England Oceanographic Laboratory Inc Brunswick, ME | $9,227 | $0 |