Wood Island Life Saving Station Association
- Assets
- $105.6k
- Revenue
- $694.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Kittery Point, ME
- Founding
- 01/2012
- Data as of
- 12/2022
- EIN
- 45-3543669
Organization Overview
Wood Island Life Saving Station Association is located in Kittery Point, ME. The organization was established in 2012. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wood Island Life Saving Station Association 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, Wood Island Life Saving Station Association generated $694.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $754.5k during the year ending 12/2022. While expenses have increased by 6.7% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO STABALIZE, RESTORE AND MAINTAIN THE LIFE SAVING STATION ON WOOD ISLAND IN KITTERY MAINE FOR THE ENJOYMENT AND EDUCATION OF THE CURRENT AND FUTURE GENERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HISTORIC 1908 LIFESAVING STATION ON WOOD ISLAND IN KITTERY MAINE BEGAN ITS RESTORATION IN 2016. THAT YEAR ENDED WITH THE BUILDING CLEAN, SAFE, AND STRUCTURALLY SOUND. THE RESTORATION OF THE BUILDING'S EXTERIOR WAS ACCOMPLISHED IN 2017. IN 2018 A MASSIVE NEW SEA WALL AND HISTORIC SHED WERE REBUILT USING LABOR DONATED BY THE MAINE ARMY NATIONAL GUARD. ALSO ELECTRICAL AND PLUMBING SYSTEMS BEGAN IN THE STATION. FOR 2019 THE OTHER SEA WALL WAS RECONSTRUCTED BY THE NATIONAL GUARD AND ADDITIONAL UTILITY WORK WAS ACCOMPLISHED. ALSO, A 50 FOOT TALL "WRECK POLE" WAS INSTALLED FOR DISPLAYING FLAGS AND ALSO REENACTING DRILLS THAT THE SURFMEN PRACTICED 100 YEARS AGO. IN 2020 THE STRUCTURE OF THE PIER AND MARINE RAILWAY WERE BUILT. FOR 2021, THE PIER / GANGWAY / MARINE RAILWAY WERE ALL COMPLETED AS WELL AS ADA RAMPING. IN 2022 THE INTERIOR WAS THE FOCUS OF THE RESTORATION WITH WALLS, WOODWORK, ELECTRICAL FIXTURES AND PLASTER BEING INSTALLED. THE HISTORIC RESCUE BOAT, THE MERVIN ROBERTS, COMPLETED ITS NEARLY TWO YEAR RESTORATION AND WAS LAUNCHED SUCCESSFULLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samuel Reid President | Trustee | 4 | $0 |
Jake Winebaum Vice President | Trustee | 1 | $0 |
Laurence Bussey Treasurer | Trustee | 1 | $0 |
Ellen Garvey Director | Trustee | 1 | $0 |
Steve Graves Director | Trustee | 1 | $0 |
James Mcpherson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $694,905 |
| Noncash contributions included in lines 1a–1f | $9,506 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $694,905 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $694,905 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,354 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,509 |
| Office expenses | $4,537 |
| Information technology | $224 |
| Royalties | $0 |
| Occupancy | $17,224 |
| 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 | $4,041 |
| Insurance | $5,372 |
| All other expenses | $1,088 |
| Total functional expenses | $754,493 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,225 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $31,375 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $105,600 |
| Accounts payable and accrued expenses | $0 |
| 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 | $40,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $40,000 |
| Net assets without donor restrictions | $65,600 |
| 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 | $105,600 |