Ams Title Company
- Assets
- $1.7m
- Revenue
- $74.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Brunswick, ME
- Founding
- 09/2005
- Data as of
- 12/2021
- EIN
- 20-1972535
Organization Overview
Ams Title Company is located in Brunswick, ME. The organization was established in 2005. According to its NTEE Classification (Y99) the organization is classified as: Mutual & Membership Benefit N.E.C., under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, Ams Title Company employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ams Title Company is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 12/2021, Ams Title Company generated $74.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 31.1% each year .
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO HOLD TITLE TO PROPERTY, COLLECT INCOME THEREFROM AND DISTRIBUTE THE NET RENTAL INCOME TO THE ALFRED M. SENTER FUND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION RECEIVED NET RENTAL INCOME FROM PROPERTIES HELD FOR ALFRED M. SENTER FUND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deirdra Perry President | Officer | 40 | $67,385 |
Diane Moyer Director | Trustee | 1 | $0 |
Mary S Hart Director | Trustee | 1 | $0 |
April Giard Director | Trustee | 1 | $0 |
Donald Kniseley Director | Trustee | 1 | $0 |
Sherry Y Tremblay Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $36,874 |
| 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 | $36,874 |
| Total Program Service Revenue | $0 |
| Investment income | $70 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $37,571 |
| 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 | $74,515 |
| 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. | $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 | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $0 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,468 |
| Savings and temporary cash investments | $47,435 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,729 |
| 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 | $1,613,877 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,706,509 |
| 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 | $49,047 |
| Total liabilities | $49,047 |
| Net assets without donor restrictions | $1,657,462 |
| 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 | $1,706,509 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Traders4acause Windham, NH | $103,347 | $682,582 |
Londonderry Fish And Game Club Londonderry, NH | $1,208,863 | $215,476 |
Sagadahoc Heating Association Bath, ME | $22,367 | $0 |
Stephen W Manchester Post 62 American Legion Inc Westbrook, ME | $57,072 | $0 |
Ams Title Company Brunswick, ME | $1,706,509 | $74,515 |