Marginal Way Preservation Fund
- Assets
- $2.6m
- Revenue
- $847.4k
- Investments
- $0.0
- Employees
- 1
- Location
- Ogunquit, ME
- Founding
- 02/2011
- Data as of
- 12/2021
- EIN
- 01-0957572
Organization Overview
Marginal Way Preservation Fund is located in Ogunquit, ME. The organization was established in 2011. According to its NTEE Classification (C50) the organization is classified as: Environmental Beautification, 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. Marginal Way Preservation Fund 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 12/2021, Marginal Way Preservation Fund generated $847.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.2% each year . All expenses for the organization totaled $180.2k during the year ending 12/2021. While expenses have increased by 7.4% per year over the past 7 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
THE MWPF NON-PROFIT ORGANIZATION RAISES MONEY FOR ITS ENDOWMENT WHOSE EARNINGS ARE USED TO FUND PROJECTS NEEDED TO BEAUTIFY, IMPROVE AND MAINTAIN THE SCENIC COASTAL WALKWAY LOCATED IN THE TOWN OF OGUNQUIT, MAINE, MORE PARTICULARLY KNOWN AS THE MARGINAL WAY. THE MARGINAL WAY WAS OFFICIALLY PLACED ON THE NATIONAL REGISTER OF HISTORIC PLACES BY THE UNITED STATES DEPARTMENT OF THE INTERIOR ON MARCH 23, 2022.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MWPF SOLICITS CONTRIBUTIONS EITHER THROUGH FUNDRAISING ACTIVITIES. THESE CONTRIBUTIONS ARE USED TO FUND THE ORGANIZATION'S ENDOWMENT. ENDOWMENT EARNINGS ARE THEN LEVERAGED FOR PROJECTS RELATED TO BEAUTIFY, IMPROVE OR MAINTAIN THE TOWN OF OGUNQUIT, MAINE'S SCENIC COASTAL WALKWAY, KNOWN AS THE MARGINAL WAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charlie Hindmarsh Vice Preside | Officer | 1 | $0 |
Barbara O'leary Secretary | Officer | 1 | $0 |
John Phinney President | Officer | 4 | $0 |
Scoop Carlile Board Member | Trustee | 0.5 | $0 |
Louesa Gillespie Board Member | Trustee | 0.5 | $0 |
Lauren Hajjar Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $86,391 |
| Related organizations | $0 |
| Government grants | $12,753 |
| All other contributions, gifts, grants, and similar amounts not included above | $748,127 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $847,271 |
| Total Program Service Revenue | $0 |
| Investment income | $114 |
| 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 | $847,385 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,500 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $99,615 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,687 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $765 |
| Fees for services: Accounting | $13,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,788 |
| Advertising and promotion | $5,056 |
| Office expenses | $7,473 |
| Information technology | $3,719 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,689 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,648 |
| All other expenses | $0 |
| Total functional expenses | $180,208 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $412,489 |
| Savings and temporary cash investments | $224,898 |
| Pledges and grants receivable | $101,243 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,891,265 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,629,895 |
| Accounts payable and accrued expenses | $4,740 |
| 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 | $4,740 |
| Net assets without donor restrictions | $841,915 |
| Net assets with donor restrictions | $1,783,240 |
| 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 | $2,629,895 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Marginal Way Preservation Fund has recieved totaling $350.
| Awarding Organization | Amount |
|---|---|
Isadore And Rose Goldstein Family Foundation Inc Louisville, KY PURPOSE: GENERAL OPERATING FUNDS | $350 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Marginal Way Preservation Fund Ogunquit, ME | $2,629,895 | $847,385 |
Growsmart Maine Augusta, ME | $125,547 | $215,283 |
Seal Harbor Village Improvement Society Inc Seal Harbor, ME | $184,724 | $145,482 |
New Hampshire The Beautiful Inc Manchester, NH | $380,393 | $220,208 |
Nansen Ski Club Inc Berlin, NH | $604,955 | $459,263 |
Cobbetts Pond Improvement Association Inc Windham, NH | $67,074 | $0 |
Jacksons Eastside Walk Foundation Jackson, NH | $284,975 | $23,537 |