Islesford Boat Works
- Assets
- $89.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Islesford, ME
- Founding
- 02/2007
- Data as of
- 12/2022
- EIN
- 01-0862872
Organization Overview
Islesford Boat Works is located in Islesford, ME. The organization was established in 2007. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Islesford Boat Works 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, Islesford Boat Works generated $101.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $126.3k during the year ending 12/2022. While expenses have increased by 14.9% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TEACHING AND COMMUNITY ENRICHMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Amuso Trustee | 0.5 | $2,400 | |
Brendon Ravenhill President\tr | 5 | $0 | |
Peyton Eggleston V President\ | 5 | $0 | |
Janice Murch Trustee | 0.5 | $0 | |
Goeffrey Ravenhill Treasurer\tr | 5 | $0 | |
Amanda Ravenhill Secretary\tr | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $49,917 |
| Total Program Service Revenue | $30,590 |
| Membership dues | $0 |
| Investment income | $6 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $12,498 |
| Other Revenue | $0 |
| Total Revenue | $101,754 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $54,214 |
| Professional fees and other payments to independent contractors | $2,187 |
| Occupancy, rent, utilities, and maintenance | $7,859 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $62,042 |
| Total expenses | $126,302 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $50,845 |
| Other assets | $0 |
| Total assets | $89,601 |
| Total liabilities | $656 |
| Net assets or fund balances | $88,945 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Islesford Boat Works has recieved totaling $18,550.
| Awarding Organization | Amount |
|---|---|
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Youth Development | $9,050 |
Leonard C & Mildred F Ferguson Foundation Canton, OH PURPOSE: 3 PROGRAMS FOR THE SENIOR POPULATION | $6,000 |
Levison-Levy Charitable Trust San Francisco, CA PURPOSE: GENERAL PURPOSE DONATION | $2,500 |
Mitchell P Rales Family Foundation Potomac, MD PURPOSE: GENERAL SUPPORT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vermont Permanency Initiative Inc Plymouth, NH | $11,154,700 | $16,308,251 |
Ymca Alliance Of Maine Boothbay Harbor, ME | $858,962 | $3,334,346 |
Hurricane Island Foundation Rockland, ME | $2,589,539 | $2,820,272 |
Timanous Foundation South Portland, ME | $8,529,924 | $2,326,657 |
4 Leaf Lacrosse New England Hooksett, NH | $433,064 | $832,320 |
Tree Street Youth Inc Lewiston, ME | $4,002,831 | $1,476,944 |
Telling Room Portland, ME | $1,008,660 | $915,425 |
Hitters Count Inc Gorham, ME | $178,368 | $628,090 |
Oyster River Youth Association Madbury, NH | $490,758 | $376,563 |
Makin It Happen Coalition For Resilient Youth Inc Manchester, NH | $224,160 | $456,330 |
Apex Youth Connection Biddefrord, ME | $1,123,636 | $568,546 |
Maine Youth Alliance Belfast, ME | $113,521 | $413,922 |