Souls Harbor Inc Main Rd
- Assets
- $263.0k
- Revenue
- $149.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Corinth, ME
- Founding
- 09/1978
- Data as of
- 12/2022
- EIN
- 01-0358152
Organization Overview
Souls Harbor Inc Main Rd is located in Corinth, ME. The organization was established in 1978. According to its NTEE Classification (A32) the organization is classified as: Television, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Souls Harbor Inc Main Rd employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Souls Harbor Inc Main Rd 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, Souls Harbor Inc Main Rd generated $149.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $151.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 8 years. 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
OUR MISSION IS TO PROVIDE SERVICES OF A RELIGIOUS CONTENT TO EDUCATE AND EVANGELIZE BY MEANS OF LIVE WORSHIP SERVICES AND OTHER FORMS OF MEDIA AVAILABLE, PRIMARILY THE MEDIUM OF TELEVISION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GOSPEL OF JESUS CHRIST WAS PROMOTED AND SPREAD THROUGH MISSIONARY/EVANGELICAL WORK IN EASTERN MAINE, AND THROUGH TELEVISION BROADCASTS BENEFITING THE VIEWING PUBLIC THROUGHOUT THE VIEWING AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Libby President | OfficerTrustee | 30 | $64,003 |
Judith Libby Treasurer | OfficerTrustee | 10 | $5,200 |
Michael Libby Vice Preside | OfficerTrustee | 0.1 | $0 |
Linda Libby Clerk | OfficerTrustee | 10 | $0 |
David Bean Member | Trustee | 0.1 | $0 |
Holly Warman Member | Trustee | 0.1 | $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 | $149,210 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $149,210 |
| 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 | $149,210 |
| 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. | $69,203 |
| Compensation of current officers, directors, key employees. | $5,200 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,116 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,922 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,015 |
| Advertising and promotion | $0 |
| Office expenses | $3,295 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,518 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,029 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,619 |
| Insurance | $2,340 |
| All other expenses | $0 |
| Total functional expenses | $151,129 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,068 |
| Savings and temporary cash investments | $8,866 |
| 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 | $222,646 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $452 |
| Total assets | $263,032 |
| 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 | $68,565 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $68,565 |
| Net assets without donor restrictions | $0 |
| 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 | $194,467 |
| Total liabilities and net assets/fund balances | $263,032 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maine Public Broadcasting Corporation Lewiston, ME | $44,284,020 | $28,024,682 |
Strafford Health Alliance Somersworth, NH | $0 | $6,918,526 |
Concord Community Tv Cctv Concord, NH | $641,531 | $348,837 |
Cheshire Tv Keene, NH | $200,264 | $0 |
Saco River Community Television Hollis, ME | $332,334 | $0 |
Lincoln County Television Newcastle, ME | $34,665 | $176,114 |
Valley Vision Center Conway, NH | $51,949 | $0 |
Mt Blue Community Access Tv Inc Farmington, ME | $30,586 | $167,871 |
Souls Harbor Inc Main Rd Corinth, ME | $263,032 | $149,210 |
Portsmouth Public Media Inc Portsmouth, NH | $188,232 | $0 |
Norway Paris Community Television Norway, ME | $137,630 | $0 |
Claremont Community Television Inc Claremont, NH | $251,905 | $0 |