Isle Au Haut Boat Services
- Assets
- $2.4m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 15
- Location
- Stonington, ME
- Founding
- 11/2005
- Data as of
- 12/2022
- 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 12/2022, Isle Au Haut Boat Services employed 15 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 12/2022, Isle Au Haut Boat Services generated $1.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $887.6k during the year ending 12/2022. While expenses have increased by 3.9% per year over the past 8 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
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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryan Carroll Director | Trustee | 1 | $0 |
William Chamberlin Sec/treas | OfficerTrustee | 1 | $0 |
Bill Clark Director | Trustee | 1 | $0 |
George Cogan Vice President | OfficerTrustee | 1 | $0 |
George Cole President | OfficerTrustee | 10 | $0 |
Bryn Delchamp Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $145,145 |
| All other contributions, gifts, grants, and similar amounts not included above | $149,361 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $294,506 |
| Total Program Service Revenue | $741,175 |
| Investment income | $1,021 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $211 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,843 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,039,756 |
| 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 | $315,651 |
| Pension plan accruals and contributions | $17,154 |
| Other employee benefits | $47,586 |
| Payroll taxes | $25,143 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,166 |
| Fees for services: Accounting | $11,484 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,972 |
| Advertising and promotion | $8,988 |
| Office expenses | $8,097 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $480 |
| Travel | $1,365 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $17,878 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $147,141 |
| Insurance | $82,859 |
| All other expenses | $13,345 |
| Total functional expenses | $887,605 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $243,936 |
| Savings and temporary cash investments | $816,689 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,107 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,559 |
| Prepaid expenses and deferred charges | $133 |
| Net Land, buildings, and equipment | $1,346,624 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,425,048 |
| Accounts payable and accrued expenses | $13,629 |
| Grants payable | $0 |
| Deferred revenue | $80 |
| 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 | $353,808 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $153 |
| Total liabilities | $367,670 |
| Net assets without donor restrictions | $2,057,378 |
| 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 | $2,425,048 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cooperative Alliance For Seacoast Transportation Dover, NH | $7,593,023 | $7,686,302 |
Chebeague Transportation Co Chebeague Island, ME | $2,608,167 | $1,812,838 |
Isle Au Haut Boat Services Stonington, ME | $2,425,048 | $1,039,756 |
Bangor Area Comprehensive Transportation System Brewer, ME | $281,701 | $772,265 |
Community Volunteer Transportation Company Peterborough, NH | $115,870 | $377,199 |
Trainriders Northeast Portland, ME | $53,136 | $0 |
Hub Division Inc Hollis, NH | $116,937 | $0 |