Chebeague Island Historical Society
- Assets
- $924.1k
- Revenue
- $155.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Chebeague Island, ME
- Founding
- 04/1987
- Data as of
- 12/2021
- EIN
- 22-2561762
Organization Overview
Chebeague Island Historical Society is located in Chebeague Island, ME. The organization was established in 1987. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Chebeague Island Historical Society employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chebeague Island Historical 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 12/2021, Chebeague Island Historical Society generated $155.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.8% each year . All expenses for the organization totaled $71.0k during the year ending 12/2021. While expenses have increased by 17.4% 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
TO ACQUIRE, PRESERVE, AND PROMOTE HISTORY AND MATERIAL CULTURE RELATED TO GREAT CHEBEAGUE ISLAND AND ITS ENVIRONS: TO CREATE A SENSE OF PLACE AND ENRICH THE LIVES OF THOSE WITH ISLAND CONNECTIONS AND THE GENERAL PUBLIC THROUGH EXHIBITS, RESEARCH, TECHNOLOGY, AND PUBLICATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHEBEAGUE ISLAND HISTORICAL SOCIETY PROVIDES A PLACE WHERE PEOPLE CAN LEARN OF THE ISLAND'S HISTORY, VIEW PHOTOGRAPHS AND READ ARTICLES AND HISTORICAL DOCUMENTS. A BUILDING OWNED BY THE ORGANIZATION HOUSES THE HISTORICAL ARTIFACTS AND DOCUMENTS. ONLY 5% OF THE BUILDING IS USED FOR OFFICE SPACE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Sabasteanski Treasurer | Officer | 4 | $0 |
Jackie Trask Vice President | Officer | 4 | $0 |
Mary Holt President | Officer | 4 | $0 |
David Hill Trustee | Trustee | 1 | $0 |
Gretchen Tonks Hartling Trustee | Trustee | 1 | $0 |
Evin Erder Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $7,680 |
| Fundraising events | $477 |
| Related organizations | $0 |
| Government grants | $4,495 |
| All other contributions, gifts, grants, and similar amounts not included above | $105,156 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $117,808 |
| Total Program Service Revenue | $0 |
| Investment income | $5,069 |
| 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 | $31,126 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $155,052 |
| 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 | $26,358 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,016 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,595 |
| Advertising and promotion | $1,400 |
| Office expenses | $4,020 |
| Information technology | $3,970 |
| Royalties | $0 |
| Occupancy | $2,599 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $816 |
| Insurance | $6,653 |
| All other expenses | $19,228 |
| Total functional expenses | $71,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,802 |
| Savings and temporary cash investments | $38,596 |
| 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 | $26,986 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $642,537 |
| Investments—publicly traded securities | $156,151 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $924,072 |
| Accounts payable and accrued expenses | $3,370 |
| 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 | $3,370 |
| Net assets without donor restrictions | $882,106 |
| Net assets with donor restrictions | $38,596 |
| 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 | $924,072 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Chebeague Island Historical Society has recieved totaling $55,000.
| Awarding Organization | Amount |
|---|---|
Raymond Family Foundation Trust Indenture Agreement Portland, OR PURPOSE: TO RESEARCH AND RECORD THE PAST AND PRESENT HISTORY OF CHEBEAGUE ISLAND | $47,000 |
Recompense Fund Chebeague Island, ME PURPOSE: UPGRADE BROADBAND EQUIPMENT, PROVIDE PROFESSIONAL IT SUPPORT, ENHANCE ARCHIVAL STORAGE & SECURITY | $7,000 |
Franklin And Alice Hoyt Charitable Foundation Wilmington, DE PURPOSE: GENERAL | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maine Historical Society Portland, ME | $13,012,568 | $2,642,638 |
Historic Harrisville Inc Harrisville, NH | $5,745,730 | $1,134,917 |
New England Electric Railway Historical Society Kennebunkport, ME | $8,628,809 | $3,104,228 |
Old York Historical Society York, ME | $9,131,743 | $731,758 |
Portsmouth Historical Society Portsmouth, NH | $3,776,411 | $3,186,969 |
Historical Society Of Cheshire Cty Keene, NH | $6,912,081 | $683,273 |
Victoria Mansion Portland, ME | $7,456,026 | $975,130 |
Greater Portland Landmarks Inc Portland, ME | $2,715,292 | $431,780 |
Maine Preservation Yarmouth, ME | $1,039,325 | $459,368 |
Castine Historical Society Inc Castine, ME | $8,350,405 | $605,426 |
Trustees Of Bloomfield Academy Skowhegan, ME | $2,438,254 | $591,288 |
Rockland Historical Society Rockland, ME | $48,909 | $54,735 |