Aroostook Partnership
- Assets
- $304.6k
- Revenue
- $242.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Caribou, ME
- Founding
- 09/1988
- Data as of
- 12/2021
- EIN
- 01-0421222
Organization Overview
Aroostook Partnership is located in Caribou, ME. The organization was established in 1988. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aroostook Partnership is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PARTNERSHIP SPEAKING WITH ONE VOICE AND ENGAGING THE PRIVATE SECTOR LEADERSHIP, TALENTS, AND RESOURCES IN THE REGION TO ENSURE THE ECONOMIC SURVIVAL AND GROWTH OF AROOSTOOK COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPPORTUNITIES AROOSTOOK: AP HOSTS A WEBSITE THAT OFFERS AREA BUSINESSES UNLIMITED FREE JOB LISTINGS. WE AVERAGE OVER 200 JOB LISTINGS AND OVER 100 BUSINESSES ACCESS THE FREE SERVICE. THIS HELPS TO EFFICIENTLY CONNECT OUR AROOSTOOK JOB SEEKERS TO GREAT LOCAL EMPLOYMENT OPPORTUNITIES.
BROADBAND ACCESS: AP'S PRESIDENT ORIGINATED AND CO-CHAIRS THE COUNTY BROADBAND COMMITTEE. THIS COMMITTEE AND ITS SUBCOMMITTEES ARE COMPRISED OF 36 VOLUNTEERS WHO ARE LED BY AP TO FOCUS ON DEPLOYING BROADBAND SOLUTIONS IN UNDERSERVED AREAS OF RURAL NORTHERN MAINE. 68 MUNICIPALITIES ARE BEING INFORMED AND LED TO ORGANIZE THEIR COMMUNITIES TOWARD RESOLVING THEIR LOCAL INTERNET ACCESS CHALLENGES WHERE MANY DON'T HAVE THE CAPACITY TO TAKE THIS ON.
FOREST INDUSTRY PROMOTION: AP'S PRESIDENT IS A BOARD MEMBER OF THE ASHLAND AREA ECONOMIC DEVELOPMENT CORPORATION. AP'S INVOLVEMENT IS IN PROMOTING THE ASHLAND REGION STATEWIDE, NATIONALLY AND INTERNATIONALLY TO HELP ATTRACT NEW INVESTMENT IN THE REGION'S ABUNDANT NATURAL FOREST RESOURCE AND DEVELOPING MODERN USES FOR THE FOREST AND BYPRODUCTS OF THE FOREST PRODUCTS INDUSTRY. AROOSTOOK'S LEGACY FOREST PRODUCTS AND MANUFACTURING BYPRODUCTS ARE ESSENTIAL TO DEVELOPING NEW RENEWABLE ENERGY PRODUCTS AND REDUCING OUR DEPENDENCE ON FOSSIL FUELS AND AP ENSURES OUR 3 MILLION ACRES OF COMMERCIAL FORESTLAND IS PROMOTED BROADLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Towle President & CEO | Officer | 40 | $106,979 |
Matthew Nightengale Member | OfficerTrustee | 0 | $0 |
Sam Collins Member | OfficerTrustee | 0 | $0 |
Todd Saucier Member | OfficerTrustee | 0 | $0 |
Jennifer Buckingham Member | OfficerTrustee | 0 | $0 |
Rober Clark Member | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $221,380 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,833 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $242,213 |
| Total Program Service Revenue | $0 |
| Investment income | $278 |
| 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 | $242,491 |
| 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. | $105,081 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,725 |
| Pension plan accruals and contributions | $5,827 |
| Other employee benefits | $0 |
| Payroll taxes | $33,968 |
| Fees for services: Management | $1,071 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $298 |
| Advertising and promotion | $126 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $346 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,440 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $155,882 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $269,114 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35,506 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $304,620 |
| Accounts payable and accrued expenses | $1,199 |
| 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 | $1,199 |
| Net assets without donor restrictions | $303,421 |
| 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 | $304,620 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Avesta Housing Management Corporation Portland, ME | $3,765,380 | $8,258,375 |
State Street Housing Preservation Corporation Portland, ME | $24,631,700 | $3,259,892 |
Monadnock Affordable Housing Corporation Keene, NH | $28,241,880 | $6,742,174 |
Affordable Housing Education And Development Inc Littleton, NH | $9,970,385 | $3,045,198 |
Bartlett Woods Inc Rockland, ME | $6,101,412 | $2,284,525 |
Housing Foundation Orono, ME | $3,133,048 | $2,829,758 |
Manchester Neighborhood Housing Services Inc Manchester, NH | $9,007,199 | $1,551,770 |
Laconia Area Community Land Trust Laconia, NH | $15,899,939 | $3,154,056 |
Bath Housing Development Corporation Bath, ME | $12,708,509 | $6,289,688 |
Housing Foundation Phase 1 & 2 Orono, ME | $5,226,993 | $1,967,341 |
Habitat For Humanity Of Greater Portland Inc Portland, ME | $4,759,457 | $2,582,640 |
Community Concepts Finance Corp Lewiston, ME | $13,201,299 | $1,637,763 |