Isle Au Haut Boat Services
- Assets
- $2.3m
- Revenue
- $988.1k
- Investments
- $0.0
- Employees
- 13
- Location
- Stonington, ME
- Founding
- 11/2005
- Data as of
- 12/2021
- EIN
- 37-1458785
Organization Overview
Isle Au Haut Boat Services is located in Stonington, ME. The organization was established in 2005. According to its NTEE Classification (W40) the organization is classified as: Public Transportation Systems, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Isle Au Haut Boat Services employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Isle Au Haut Boat Services 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, Isle Au Haut Boat Services generated $988.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $862.6k during the year ending 12/2021. While expenses have increased by 4.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TRANSPORTATION OF PASSENGERS, MAIL AND FREIGHT TO SUPPORT A VIABLE YEAR-ROUND POPULATION ON ISLE AU HAUT MAINE AND TO SUPPORT THE NATIONAL PARK SERVICE ACADIA NATIONAL PARK ON THE ISLAND.
Describe the Organization's Program Activity:
PASSENGER, MAIL AND OTHER FREIGHT TRANSPORTATION BETWEEN STONINGTON MAINE AND ISLE AU HAUT MAINE
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 |
|---|---|---|---|
William Chamberlin Sec/treas | OfficerTrustee | 1 | $0 |
George Cogan Vice President | OfficerTrustee | 1 | $0 |
George Cole President | OfficerTrustee | 10 | $0 |
Bryan Carroll Director | Trustee | 1 | $0 |
Bryn Delchamp Director | Trustee | 1 | $0 |
Landon Dewitt Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $237,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $34,795 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $272,195 |
| Total Program Service Revenue | $712,069 |
| Investment income | $335 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $73 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,406 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $988,078 |
| 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 | $304,811 |
| Pension plan accruals and contributions | $23,564 |
| Other employee benefits | $81,659 |
| Payroll taxes | $25,806 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,895 |
| Fees for services: Accounting | $10,251 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,420 |
| Advertising and promotion | $8,576 |
| Office expenses | $7,817 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,325 |
| Travel | $1,416 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $19,466 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $149,402 |
| Insurance | $65,021 |
| All other expenses | $20,540 |
| Total functional expenses | $862,556 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $611,840 |
| Savings and temporary cash investments | $155,297 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,176 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,092 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,493,765 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,284,170 |
| Accounts payable and accrued expenses | $9,730 |
| 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 | $368,595 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $618 |
| Total liabilities | $378,943 |
| Net assets without donor restrictions | $1,905,227 |
| 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 | $2,284,170 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Isle Au Haut Boat Services has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Thorofare Foundation Bluffton, SC PURPOSE: UNRESTRICTED | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cooperative Alliance For Seacoast Transportation Dover, NH | $7,006,129 | $8,852,816 |
Chebeague Transportation Co Chebeague Island, ME | $2,544,340 | $1,586,544 |
Isle Au Haut Boat Services Stonington, ME | $2,284,170 | $988,078 |
Bangor Area Comprehensive Transportation System Brewer, ME | $154,388 | $468,074 |
Community Volunteer Transportation Company Peterborough, NH | $62,600 | $278,884 |
Trainriders Northeast Portland, ME | $53,136 | $0 |
Hub Division Inc Hollis, NH | $97,328 | $0 |
Greater Derry-Salem Cooperative Alliance For Regional Transportati Manchester, NH | $0 | $0 |