Island Community Center Inc
- Assets
- $763.2k
- Revenue
- $231.4k
- Investments
- $0.0
- Employees
- 6
- Location
- Stonington, ME
- Founding
- 03/2003
- Data as of
- 12/2021
- EIN
- 30-0072113
Organization Overview
Island Community Center Inc is located in Stonington, ME. The organization was established in 2003. According to its NTEE Classification (N30) the organization is classified as: Physical Fitness & Community Recreational Facilities, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Island Community Center Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Island Community Center 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 12/2021, Island Community Center Inc generated $231.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.1%) each year. All expenses for the organization totaled $165.9k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FACILITIES, PROGRAMS AND EVENTS TO ENHANCE THE SOCIAL, PHYSICAL AND EMOTIONAL WELL-BEING FOR PEOPLE OF ALL AGES IN OUR COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
APPLE FEST & OTHER
CAMP KOOKY
STONINGTON 6
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Makayla Damon Director | OfficerTrustee | 1 | $0 |
Craig Hutchinson President | OfficerTrustee | 1 | $0 |
Richard Paget Treasurer | OfficerTrustee | 1 | $0 |
Phil Elkin Director | OfficerTrustee | 2 | $0 |
Caroline Goddard Vice President | Trustee | 1 | $0 |
Pam Dewell Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $54,799 |
| All other contributions, gifts, grants, and similar amounts not included above | $64,780 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $119,579 |
| Total Program Service Revenue | $35,624 |
| Investment income | $67,496 |
| 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 | $231,428 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $71,970 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,747 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,440 |
| 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 | $5,155 |
| Office expenses | $2,825 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,553 |
| 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 | $4,207 |
| Insurance | $5,298 |
| All other expenses | $2,607 |
| Total functional expenses | $165,854 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,388 |
| Savings and temporary cash investments | $95,726 |
| 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 | $3,760 |
| Net Land, buildings, and equipment | $19,803 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $520,496 |
| Total assets | $763,173 |
| Accounts payable and accrued expenses | $6,661 |
| 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 | $955 |
| Total liabilities | $7,616 |
| Net assets without donor restrictions | $181,948 |
| Net assets with donor restrictions | $573,609 |
| 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 | $763,173 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Island Community Center Inc has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Becton Family Foundation Tr Homosassa, FL PURPOSE: CONTRIBUTION TO GENERAL FUND | $1,000 |
Becton Family Foundation Tr Homosassa, FL PURPOSE: CONTRIBUTION TO GENERAL FUND | $1,000 |
Endowment Analysis
| Beg. Balance | $500,000 |
| Ending Balance | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mid-Coast Recreation Center Inc Rockport, ME | $2,729,113 | $1,206,062 |
Family Ice Falmouth, ME | $2,900,896 | $1,043,092 |
Bristol Recreation Advisory Council Bristol, NH | $921,082 | $809,649 |
Big Rock Mars Hill, ME | $1,838,013 | $953,661 |
Friends Of Seabrook Community Seabrook, NH | $88,559 | $515,160 |
Tilton-Northfield Recreation Council Tilton, NH | $639,036 | $304,906 |
Old Town-Orono Ymca Foundation Old Town, ME | $6,498,733 | $440,703 |
North Haven Casino North Haven, ME | $754,452 | $275,902 |
Fryeburg Recreation Department Inc Fryeburg, ME | $2,220,448 | $250,202 |
Friends Of Community Fitness Guilford, ME | $67,352 | $239,749 |
Island Community Center Inc Stonington, ME | $763,173 | $231,428 |
Roger Allen Recreation Association Rochester, NH | $327,713 | $117,742 |