Friends Of Seguin Island Light Station
- Assets
- $260.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bath, ME
- Founding
- 10/1991
- Data as of
- 12/2023
- EIN
- 01-0420547
Organization Overview
Friends Of Seguin Island Light Station is located in Bath, ME. The organization was established in 1991. According to its NTEE Classification (C11) the organization is classified as: Single Organization Support, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Seguin Island Light Station 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 12/2023, Friends Of Seguin Island Light Station generated $105.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $88.6k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3
SUPPORT AND MAINTENANCE OF THE SEGUIN ISLAND LIGHTHOUSE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Mcnamara Trustee | 1 | $0 | |
Charlotte Kaplan Trustee | 1 | $0 | |
Chris Hall Trustee | 1 | $0 | |
Aj Guerette Trustee | 1 | $0 | |
Richard Mayo President | 1 | $0 | |
Ruth Mcrea Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $53,653 |
| Total Program Service Revenue | $0 |
| Membership dues | $12,471 |
| Investment income | $1,259 |
| Gain or Loss | $3,597 |
| Net Income from Gaming & Fundraising | $36,762 |
| Other Revenue | $699 |
| Total Revenue | $105,036 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $22,099 |
| Professional fees and other payments to independent contractors | $35 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $3,255 |
| Other expenses | $63,207 |
| Total expenses | $88,596 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $107,647 |
| Other assets | $0 |
| Total assets | $260,493 |
| Total liabilities | $4,424 |
| Net assets or fund balances | $256,069 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John Elwyn Stone Trust Uw Bedford, NH | $7,297,900 | $173,743 |
Dei Real Estate Inc Beals Island, ME | $8,051,005 | $221,725 |
Friends Of Hog Island Bremen, ME | $248,511 | $139,444 |
Ocean Point Colony Trust Inc East Boothbay, ME | $1,524,577 | $84,057 |
Friends Of Seguin Island Light Station Bath, ME | $260,493 | $0 |
Meriden Bird Club Plainfield, NH | $68,030 | $4,914 |
Belknap Association For Natural Resources Conservation Laconia, NH | $5,856 | $0 |