Capitol Area Recreation Association
- Assets
- $167.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Augusta, ME
- Founding
- 06/1979
- Data as of
- 12/2022
- EIN
- 01-0363437
Organization Overview
Capitol Area Recreation Association is located in Augusta, ME. The organization was established in 1979. According to its NTEE Classification (N31) the organization is classified as: Community Recreational Centers, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Capitol Area Recreation 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 12/2022, Capitol Area Recreation Association generated $78.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $46.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.3%) per year over the past 7 years. 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
2022
Describe the Organization's Program Activity:
Part 3
PROVIDED PLAYING FIELDS AND FACILITIES TO VARIOUS BASEBALL, SOFTBALL, AND BASKETBALL YOUTH ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark O'brien President | 2 | $0 | |
Michael Bechard Treasurer | 3 | $0 | |
Peter Fortunato Secretary | 2 | $0 | |
Mark Perry Vice President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,249 |
| Total Program Service Revenue | $0 |
| Membership dues | $1,430 |
| Investment income | $839 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $54,787 |
| Other Revenue | $0 |
| Total Revenue | $78,305 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $35 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $46,831 |
| Total expenses | $46,866 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $167,771 |
| Other assets | $0 |
| Total assets | $167,771 |
| Total liabilities | $0 |
| Net assets or fund balances | $167,771 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Capitol Area Recreation Association has recieved totaling $22,500.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $7,500 |
Kennebec Savings Bank Foundation Augusta, ME PURPOSE: GENERAL ASSISTANCE GRANTS | $7,500 |
Kennebec Savings Bank Foundation Augusta, ME PURPOSE: GENERAL ASSISTANCE GRANTS | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carter Community Building Association Lebanon, NH | $8,967,998 | $2,473,959 |
Hanover Improvement Society Corp Hanover, NH | $7,933,275 | $1,096,485 |
Keene Ice Center Enterprise Inc Keene, NH | $7,404,749 | $504,721 |
New England Sports Complex Inc Rye, NH | $7,077,527 | $346,169 |
Islesboro Community Center Islesboro, ME | $3,554,748 | $367,314 |
Nasson Center Redevelopment Inc Springvale, ME | $1,283,420 | $464,731 |
Casco Bay Arena Inc Yarmouth, ME | $1,709,817 | $310,245 |
Bridge Outreach Center Littleton, NH | $81,065 | $270,952 |
Oakdale Country Club Mexico, ME | $307,343 | $237,337 |
Southern Maine Community Recreation Center Gorham, ME | $857,531 | $252,780 |
Notre Dame Arena Inc Berlin, NH | $725,139 | $449,289 |
Ellen Lambert Murphy Memorial Community Center Winchester, NH | $1,085,138 | $114,571 |