Arnold Memorial Medical Building Society
- Assets
- $615.4k
- Revenue
- $58.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Jonesport, ME
- Founding
- 03/1996
- Data as of
- 07/2022
- EIN
- 01-0500734
Organization Overview
Arnold Memorial Medical Building Society is located in Jonesport, ME. The organization was established in 1996. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arnold Memorial Medical Building Society 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 07/2022, Arnold Memorial Medical Building Society generated $58.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $58.7k during the year ending 07/2022. While expenses have increased by 11.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES & MAINTAINS A MEDICAL BUILDING AND AN ASSISTED LIVING FACILITY BUILDING TO SERVE THE CITIZENS OF AREA TOWNS INCLUDING JONESPORT, BEALS, ADDISON, JONESBORO AND COLUMBIA FALLS ME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OWNS AND MAINTAINS A MEDICAL BUILDING THAT SERVES THE CITIZENS OF SEVERAL AREA TOWNS. MAIN FLOOR IS RENTED TO DOWNEAST COMMUNITY HOSPITAL. FINISHED BASEMENT IS RENTED TO THE TOWN OF JONESPORT FOR USE AS A TOWN OFFICE.OWNS AND MAINTAINS AN ASSISTED LIVING FACILITY. BUILDING IS RENTED TO FAMILY CARE HOMES OF MAINE.
SCHOLARSHIPS OF $1,000 EACH ARE AWARDED TO QUALIFYING HIGH SCHOOL SENIORS WHO RESIDE IN THE TOWNS SERVED BY THE MEDICAL CENTER AND WHO ARE/WILL BE ATTENDING A POST-SECONDARY INSTITUTION. FURTHER, THE STUDENTS MUST MAJOR IN A MEDICALLY RELATED FIELD OF STUDY. FUNDS ARE PAID AFTER SATISFACTORY COMPLETION OF THEIR FIRST SEMESTER OF HIGHER EDUCATION. SCHOLARSHIP RECIPIENTS ARE CHOSEN BY THE HIGH SCHOOL GUIDANCE COUNSELORS AT THE AREA SCHOOLS. A SCHOLARSHIP OF $500 MAY BE AWARDED TO A STUDENT WHO IS MAJORING IN A NON-MEDICAL FIELD IF THEIR HIGH SCHOOL DOES NOT HAVE AN ELIGIBLE STUDENT MAJORING IN A MEDICALLY RELATED FIELD.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Farris Secretary | OfficerTrustee | 3 | $0 |
Dwight Alley Treasurer | OfficerTrustee | 6 | $0 |
Cary Carver Vice-President | OfficerTrustee | 1 | $0 |
William K Milliken President | OfficerTrustee | 5 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $2,451 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $56,028 |
| 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 | $58,479 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $195 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $785 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $182 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,891 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,360 |
| Insurance | $4,047 |
| All other expenses | $0 |
| Total functional expenses | $58,676 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $151,668 |
| 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 | $463,688 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $615,356 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $160,984 |
| Net assets with donor restrictions | $454,372 |
| 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 | $615,356 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
West Central Services Inc Lebanon, NH | $7,170,287 | $11,627,644 |
Sacopee Valley Health Center Porter, ME | $5,533,152 | $7,568,426 |
Maine Mobile Health Program Inc Augusta, ME | $777,070 | $2,038,912 |
Richmond Area Helth Center Inc Richmond, ME | $503,256 | $97,453 |
Castine Community Hospital Castine, ME | $4,055,448 | $217,847 |
Arnold Memorial Medical Building Society Jonesport, ME | $615,356 | $58,479 |
Massabesic Lions Club Regional Medical Center Waterboro, ME | $157,225 | $0 |