Frenchman Bay Research Boating
- Assets
- $18.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bar Harbor, ME
- Founding
- 11/2015
- Data as of
- 12/2018
- EIN
- 47-4955751
Organization Overview
Frenchman Bay Research Boating is located in Bar Harbor, ME. The organization was established in 2015. According to its NTEE Classification (C60) the organization is classified as: Environmental Education, 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. Frenchman Bay Research Boating 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 12/2018, Frenchman Bay Research Boating generated $192.0k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 17.1% each year . All expenses for the organization totaled $187.9k during the year ending 12/2018. While expenses have increased by 1.3% per year over the past 3 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2018
Describe the Organization's Program Activity:
Part 3
PROVIDED AFFORDABLE SUSTAINABLE PUBLIC TRANSPORT BETWEEN BAR HARBOR AND WINTER HARBOR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kaitlyn Mullen Executive Director | 40 | $1,000 | |
Robert Carpenter Chair | 1 | $0 | |
Gary Fagan Vice Chair | 1 | $0 | |
Jeremiah Zelina Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $114,848 |
| Total Program Service Revenue | $80,182 |
| Membership dues | $0 |
| Investment income | $7 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $191,955 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $39,806 |
| Professional fees and other payments to independent contractors | $5,305 |
| Occupancy, rent, utilities, and maintenance | $49,066 |
| Printing, publications, postage, and shipping | $450 |
| Other expenses | $93,241 |
| Total expenses | $187,868 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $9,962 |
| Other assets | $0 |
| Total assets | $18,374 |
| Total liabilities | $54,786 |
| Net assets or fund balances | -$36,412 |