Kennebunk Beach Improvement Association
- Assets
- $1.7m
- Revenue
- $896.7k
- Investments
- $0.0
- Employees
- 96
- Location
- Kennebunk, ME
- Founding
- 12/1960
- Data as of
- 12/2021
- EIN
- 01-0267877
Organization Overview
Kennebunk Beach Improvement Association is located in Kennebunk, ME. The organization was established in 1960. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Kennebunk Beach Improvement Association employed 96 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kennebunk Beach Improvement 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 12/2021, Kennebunk Beach Improvement Association generated $896.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $821.9k during the year ending 12/2021. While expenses have increased by 1.9% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
KENNEBUNK BEACH IMPROVEMENT ASSOCIATION PROVIDES SUMMER RECREATIONAL AND EDUCATIONAL PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ART PROGRAMS WHICH INCLUDE CREATIVE ARTS, CRAFTMEISTERS, FABRIC ARTS, DIGITAL DESIGN, DRAMA, LEATHERCRAFTS, WOODWORKING, PAINTING, POTTERY, SAND CREATIONS, TITLES/TIDEPOOLS, AND JEWELRY
SPORTS PROGRAMS WHICH INCLUDE FITNESS, BASKETBALL, TENNIS, SURFING, AND GOLF.
WATERFRONT PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mimi Fox Executive Director | Officer | 30 | $60,508 |
Lisa Luken Director | Trustee | 1 | $0 |
Tina Gordon Director | Trustee | 1 | $0 |
Heidi Ayote Director | Trustee | 1 | $0 |
Bridget Hankin Director | Trustee | 1 | $0 |
Matt Ward Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $108,845 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $70,011 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $178,856 |
| Total Program Service Revenue | $453,069 |
| Investment income | $15,041 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $23,161 |
| Net Income from Fundraising Events | $12,030 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $896,686 |
| 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. | $88,208 |
| Compensation of current officers, directors, key employees. | $48,515 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $188,434 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,163 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $185 |
| Fees for services: Accounting | $15,528 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,889 |
| Fees for services: Other | $509 |
| Advertising and promotion | $26,422 |
| Office expenses | $13,484 |
| Information technology | $11,997 |
| Royalties | $0 |
| Occupancy | $48,279 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $59 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $68,102 |
| Insurance | $24,586 |
| All other expenses | $0 |
| Total functional expenses | $821,900 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $233,637 |
| Savings and temporary cash investments | $28,534 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,050 |
| 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 | $675 |
| Net Land, buildings, and equipment | $796,419 |
| Investments—publicly traded securities | $658,345 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,718,660 |
| Accounts payable and accrued expenses | $746 |
| 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 | $746 |
| Net assets without donor restrictions | $1,717,914 |
| 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 | $1,718,660 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kennebunk Beach Improvement Association has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
William J J Gordon Family Foundation New York, NY PURPOSE: GENERAL & UNRESTRICTED | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kennebunk Beach Improvement Association Kennebunk, ME | $1,718,660 | $896,686 |
Lake Sunapee Yacht Club Sunapee, NH | $1,150,191 | $509,585 |
Northeast Harbor Fleet Northeast Harbor, ME | $995,946 | $399,306 |
Valpo Surf Project Inc Thomaston, ME | $74,661 | $143,016 |
Swimmers Inc Manchester, NH | $341,677 | $178,605 |
Kollegewidgwok Sailing And Education Association Blue Hill, ME | $533,566 | $175,929 |
Usa Swimming Inc Bar Harbor, ME | $131,655 | $0 |
Camden Area Youth Seamanship Program Camden, ME | $92,282 | $0 |
Friends Of Concord Crew Concord, NH | $196,345 | $0 |
Bedford Crew Club Bedford, NH | $157,549 | $0 |
Friends Of Hanover Crew A New Hampshir Corporation Hanover, NH | $1,804,605 | $138,762 |
Rockport Boat Club Rockport, ME | $186,053 | $0 |