Trustees Of Bloomfield Academy
- Assets
- $2.4m
- Revenue
- $591.3k
- Investments
- $0.0
- Employees
- 6
- Location
- Skowhegan, ME
- Founding
- 01/1940
- Data as of
- 01/2022
- EIN
- 01-0211488
Organization Overview
Trustees Of Bloomfield Academy is located in Skowhegan, ME. The organization was established in 1940. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 01/2022, Trustees Of Bloomfield Academy employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trustees Of Bloomfield Academy 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 01/2022, Trustees Of Bloomfield Academy generated $591.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $361.2k during the year ending 01/2022. While expenses have increased by 2.7% 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
SUPPORT PRESERVATION OF HISTORIC BUILDINGS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT THE PRESERVATION OF SEVERAL HISTORIC BUILDINGS (INCLUDING THE SKOWHEGAN FREE PUBLIC LIBRARY) AND TO PROVIDE SUPPORT TO THE LIBRARY'S OPERATION.
TO PROVIDE SCHOLARSHIPS TO ELIGIBLE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynda Quinn President | OfficerTrustee | 0.1 | $0 |
Karen Lewia Vice President | OfficerTrustee | 0.1 | $0 |
Warren Shay President (part Year) | OfficerTrustee | 0.1 | $0 |
William Laney Vice President (part Year) | OfficerTrustee | 0.1 | $0 |
Hannah Luce Secretary | OfficerTrustee | 0.1 | $0 |
Patrick Dore Treasurer | OfficerTrustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $198,250 |
| All other contributions, gifts, grants, and similar amounts not included above | $279,439 |
| Noncash contributions included in lines 1a–1f | $300 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $477,689 |
| Total Program Service Revenue | $583 |
| Investment income | $35,719 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $76,105 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $1,192 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $591,288 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,100 |
| Grants and other assistance to domestic individuals. | $3,875 |
| 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 | $140,499 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,360 |
| Payroll taxes | $10,243 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,992 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,082 |
| Fees for services: Other | $0 |
| Advertising and promotion | $457 |
| Office expenses | $5,997 |
| Information technology | $4,214 |
| Royalties | $0 |
| Occupancy | $130,644 |
| Travel | $50 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,174 |
| Interest | $10 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,433 |
| All other expenses | $0 |
| Total functional expenses | $361,248 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $383,566 |
| 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 | $20,000 |
| Investments—publicly traded securities | $2,034,688 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,438,254 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $2,438,254 |
| 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 | $2,438,254 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Trustees Of Bloomfield Academy has recieved totaling $64.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $64 |
Endowment Analysis
| Beg. Balance | $2,008,609 |
| Earnings | $56,355 |
| Ending Balance | $2,064,964 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maine Historical Society Portland, ME | $13,012,568 | $2,642,638 |
Historic Harrisville Inc Harrisville, NH | $5,745,730 | $1,134,917 |
New England Electric Railway Historical Society Kennebunkport, ME | $8,628,809 | $3,104,228 |
Old York Historical Society York, ME | $9,131,743 | $731,758 |
Portsmouth Historical Society Portsmouth, NH | $3,776,411 | $3,186,969 |
Historical Society Of Cheshire Cty Keene, NH | $6,912,081 | $683,273 |
Victoria Mansion Portland, ME | $7,456,026 | $975,130 |
Greater Portland Landmarks Inc Portland, ME | $2,715,292 | $431,780 |
Maine Preservation Yarmouth, ME | $1,039,325 | $459,368 |
Castine Historical Society Inc Castine, ME | $8,350,405 | $605,426 |
Trustees Of Bloomfield Academy Skowhegan, ME | $2,438,254 | $591,288 |
Rockland Historical Society Rockland, ME | $48,909 | $54,735 |