Watermans Community Center
- Assets
- $3.3m
- Revenue
- $924.3k
- Investments
- $0.0
- Employees
- 41
- Location
- North Haven, ME
- Founding
- 09/1997
- Data as of
- 09/2022
- EIN
- 31-1562189
Organization Overview
Watermans Community Center is located in North Haven, ME. The organization was established in 1997. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 09/2022, Watermans Community Center employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Watermans Community Center 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 09/2022, Watermans Community Center generated $924.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $753.2k during the year ending 09/2022. While expenses have increased by 5.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE ARTS & ENRICHMENT PROGRAMS & EXPERIENCES FOR NORTH HAVEN COMMUNITY MEMBERS OF ALL AGES
Describe the Organization's Program Activity:
THEATRICAL PRODUCTIONS HAVE BEEN AN IMPORTANT PART OF WATERMAN'S PROGRAMING SINCE ITS INCEPTION. DURING FISCAL YEAR 21.22 OFFERINGS INCLUDED: A NORTH HAVEN COMMUNITY SCHOOL (NHCS) AUTUMN PRODUCTION OF "QUEEN ZIXI OF IX," "SOME PIG," A READERS' THEATER ADAPTATION OF "CHARLOTTE'S WEB," "MUCH ADO ABOUT NOTHING" PERFORMED BY THEATER AT MONMOUTH, "MAMMA MIA, AND OUR BIG SUMMER PERFORMANCE WAS "ISLANDS REVISITED." YOUTH PROGRAMS: LAUGH & LEARN PRESCHOOL, AFTERSCHOOL AND OTHER YOUTH PROGRAMS (INCLUDING: KIDS NIGHT OUT, MIDDLE SCHOOL, TEEN NIGHTS AND GRANT TO NORTH HAVEN COMMUNITY SCHOOL), AND SUMMER CAMPS: SCHOOL OF FISH AND LITTLE URCHINS. GENERAL EVENTS: LECTURES & DISCUSSION GROUPS, PRESENTATIONS, ART EXHIBITS, MOVIES, HOLIDAY PARTIES AND GATHERINGS, CONCERTS, WORKSHOPS, PUBLIC GATHERINGS IN SUPPORT OF THE ARTS, PLAYS, ANNUAL FLOWER SHOW, ADULT WORKSHOPS, AND MORE!
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Phillips President | OfficerTrustee | 1 | $0 |
Bruce Gilman Vice President | OfficerTrustee | 1 | $0 |
Dan Amory Treasurer | OfficerTrustee | 1 | $0 |
Joe Stone Secretary | OfficerTrustee | 1 | $0 |
Alison Cabot Director | Trustee | 1 | $0 |
Melinda Cheston Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $71,819 |
| Related organizations | $0 |
| Government grants | $80,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $580,197 |
| Noncash contributions included in lines 1a–1f | $112,044 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $732,216 |
| Total Program Service Revenue | $121,186 |
| Investment income | $43,790 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,259 |
| Net Gain/Loss on Asset Sales | $943 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $21,434 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $924,284 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,000 |
| 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. | $85,045 |
| Compensation of current officers, directors, key employees. | $25,756 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $296,656 |
| Pension plan accruals and contributions | $4,048 |
| Other employee benefits | $6,239 |
| Payroll taxes | $32,387 |
| Fees for services: Management | $0 |
| 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 | $22,595 |
| Advertising and promotion | $0 |
| Office expenses | $26,219 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $44,539 |
| Travel | $1,506 |
| 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 | $79,244 |
| Insurance | $22,774 |
| All other expenses | $0 |
| Total functional expenses | $753,183 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $410,040 |
| 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 | $5,792 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,406,397 |
| Investments—publicly traded securities | $1,525,505 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,347,734 |
| Accounts payable and accrued expenses | $9,602 |
| 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 | $0 |
| Total liabilities | $9,602 |
| Net assets without donor restrictions | $3,251,567 |
| Net assets with donor restrictions | $86,565 |
| 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 | $3,347,734 |
Grants Awarded
Over the last fiscal year, Watermans Community Center has awarded $54,840 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NORTH HAVEN COMMUNITY SCHOOL PURPOSE: Arts and enrichment activity programs in public school. | $47,000 |
TOWN OF NORTH HAVEN PURPOSE: Purchase of playground equipment. | $7,840 |