Maine Aquaculture Association
- Assets
- $1.1m
- Revenue
- $768.3k
- Investments
- $0.0
- Employees
- 4
- Location
- Hallowell, ME
- Founding
- 10/1981
- Data as of
- 09/2021
- EIN
- 01-0375969
Organization Overview
Maine Aquaculture Association is located in Hallowell, ME. The organization was established in 1981. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 09/2021, Maine Aquaculture Association employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maine Aquaculture Association is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 09/2021, Maine Aquaculture Association generated $768.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $457.0k during the year ending 09/2021. While expenses have increased by 11.8% per year over the past 6 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
PROVIDE SUPPORT FOR THE MAINE AQUACULTURE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOP POLICIES, MANAGEMENT PLANS, AUDIT PROGRAMS, SYSTEM DESIGNS, AND STANDARDS FOR AQUATIC FARMING IN MAINE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sebastian Belle Executive Direc | Officer | 40 | $87,847 |
Christopher V Davis PHD Current President | OfficerTrustee | 0.5 | $0 |
Andrew Lively Past President | OfficerTrustee | 0.5 | $0 |
Theo DE Koning Secretary | OfficerTrustee | 0.5 | $0 |
Matthew Moretti Treasurer | OfficerTrustee | 0.5 | $0 |
Greg Lambert Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $294,122 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $125,650 |
| All other contributions, gifts, grants, and similar amounts not included above | $322,439 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $742,211 |
| Total Program Service Revenue | $0 |
| Investment income | $174 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $15,793 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $768,302 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| 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. | $109,652 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $135,061 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,448 |
| Payroll taxes | $17,326 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $125 |
| Fees for services: Accounting | $3,328 |
| Fees for services: Lobbying | $200 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,707 |
| Advertising and promotion | $1,926 |
| Office expenses | $3,341 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,639 |
| Travel | $15,463 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,137 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $910 |
| Insurance | $2,358 |
| All other expenses | $8,621 |
| Total functional expenses | $457,001 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $721,871 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $388,580 |
| 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 | $5,575 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,116,026 |
| Accounts payable and accrued expenses | $9,141 |
| 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 | $9,141 |
| Net assets without donor restrictions | $1,106,885 |
| 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 | $1,116,026 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Maine Aquaculture Association has recieved totaling $148,468.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: AWARD TO ACHIEVE ACCELERATED GROWTH AND INVESTMENT IN MAINE AQUACULTURE PROGRAMS | | $148,468 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sustainable Harvest Sector Somersworth, NH | $294,838 | $827,940 |
Stonewall Farm Keene, NH | $0 | $685,004 |
Maine Federation Of Farmers Markets Freeport, ME | $153,574 | $553,987 |
Kearsarge Food Hub Bradford, NH | $444,577 | $476,803 |
Maine Aquaculture Association Hallowell, ME | $1,116,026 | $768,302 |
Cheshire Fair Assoc Inc Swanzey, NH | $306,310 | $346,586 |
Cornucopia Project Peterborough, NH | $333,001 | $453,805 |
The Center For Responsible Seafood Inc Portsmouth, NH | $670,482 | $157,036 |
New Earth Institute And Farm Colebrook, NH | $0 | $0 |
Patrons Of Husbandry Maine State Grange Augusta, ME | $1,928,187 | $97,155 |
Northeast Organic Farming Association Of New Hampshire Concord, NH | $138,296 | $136,036 |
Friends Of Maine Coastal Islands Nwr Rockland, ME | $190,651 | $0 |