Redington Memorial Home
- Assets
- $5.7m
- Revenue
- $807.3k
- Investments
- $2.1m
- Employees
- 0
- Location
- Skowhegan, ME
- Founding
- 05/1940
- Data as of
- 12/2021
- EIN
- 01-0211547
Organization Overview
Redington Memorial Home is located in Skowhegan, ME. The organization was established in 1940. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Redington Memorial Home 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, Redington Memorial Home generated $807.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S RESOURCES ARE DEVOTED ENTIRELY TO MAINTAINING AND OPERATING THE REDINGTON MEMORIAL HOME, ESTABLISHED FOR THE CHARITABLE AND BENEVOLENT CARE OF MEN AND WOMEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ted Susi Treasurer | 15 | $12,000 | |
Donna W Finley Director | 0.5 | $0 | |
Joanne Hewitt Director | 0.5 | $0 | |
William R Laney President | 1 | $0 | |
Christopher Perkins Director | 0.5 | $0 | |
Susan Hoyt-Russell Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $33 |
| Dividends & Interest | $41,392 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $48,126 |
| Capital Gain Net Income | $48,126 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $717,762 |
| Total Revenue | $807,313 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,000 |
| Other employee salaries and wages | $567,058 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $51,196 |
| Depreciation | $3,573 |
| Occupancy | $66,927 |
| Travel, conferences, and meetings | $869 |
| Printing and publications | $0 |
| Other expenses | $321,356 |
| Total operating and administrative expenses | $1,045,077 |
| Contributions, gifts, grants paid | $500 |
| Total expenses and disbursements | $1,045,577 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,989 |
| Savings and temporary cash investments | $151,977 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $3,429,864 |
| Other assets | $0 |
| Total assets | $5,676,421 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pineland Farms Inc New Gloucester, ME | $0 | $7,727,361 |
Friends Of Katahdin Woods And Waters Portland, ME | $3,235,909 | $4,395,380 |
Castle Preservation Society Moultonborough, NH | $5,902,914 | $2,624,802 |
New Hampshire Preservation Alliance Concord, NH | $1,795,974 | $996,866 |
Sanborn Mills Inc Loudon, NH | $9,770,900 | $2,099,813 |
Redington Memorial Home Skowhegan, ME | $5,676,421 | $807,313 |
Plant Memorial Home Bath, ME | $3,482,192 | $671,466 |
Northeast Historic Film Bucksport, ME | $2,734,855 | $505,796 |
American Lighthouse Foundation Rockland, ME | $2,266,614 | $410,919 |
Kaler-Vaill Memorial Home Scarborough, ME | $8,374,987 | $683,742 |
Rochester Opera House Inc Rochester, NH | $977,163 | $769,630 |
Brooks Preservation Society Unity, ME | $1,366,306 | $367,590 |