Island Institute

Organization Overview

Island Institute is located in Rockland, ME. The organization was established in 1987. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2022, Island Institute employed 69 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Island Institute 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 06/2022, Island Institute generated $7.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $7.2m during the year ending 06/2022. While expenses have increased by 4.0% 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.

Since 2015, Island Institute has awarded 87 individual grants totaling $2,657,386. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE ISLAND INSTITUTE WORKS TO SUSTAIN MAINE'S ISLAND AND COASTAL COMMUNITIES, AND EXCHANGE IDEAS HERE AND ELSEWHERE.

Describe the Organization's Program Activity:

PROMOTING ECONOMIC RESILIENCE THROUGH PROGRAMMING WHICH SUPPORTS THE BLUE ECONOMY, CRITICAL BUSINESS, AND BROADBAND INFRASTRUCTURE.


PROMOTING CLIMATE RESILIENCE THROUGH PROGRAMMING WHICH SUPPORTS CLEAN ENERGY AND SEA LEVEL RISE RESILIENCY.


PROMOTING SOCIAL RESILIENCE THROUGH PROGRAMMING WHICH SUPPORTS COMMUNITY LEADERSHIP, ISLAND COMMUNITIES, WORKFORCE, AND THROUGH THE ISLAND FELLOWS PROGRAM.


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Board, Officers & Key Employees

Name (title)Compensation
Susan Bernier
Chief Philanthropy & Mktg Officer
$142,069
Robert Beams
COO
$140,305
Peter Rand
CFO
$121,767
Suzanne Macdonald
Chief Community Development Officer
$100,982
Anthony Chatwin
President
$97,469
Emily B Lane
Chair
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Conkling & Associates
Consulting
$104,040
Results Marketing & Design Inc
Consulting
$100,698
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$1,879,523
Fundraising events$0
Related organizations$0
Government grants $986,881
All other contributions, gifts, grants, and similar amounts not included above$2,960,124
Noncash contributions included in lines 1a–1f $30,970
Total Revenue from Contributions, Gifts, Grants & Similar$5,826,528
Total Program Service Revenue$222,739
Investment income $831,463
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $674,007
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $273,174
Miscellaneous Revenue$0
Total Revenue $7,827,911

Grants Awarded

Over the last fiscal year, Island Institute has awarded $509,724 in support to 12 organizations.

Grant RecipientAmount

LUKE'S LOBSTER LLC

PURPOSE: Sustainable Seafood Partnership

$389,035

MONHEGAN PLANTATION

PURPOSE: Broadband Planning & ShoreUp Sea Level Rise Planning

$21,500

VINALHAVEN FISH CO-OP

PURPOSE: Blue Econonmy

$13,000

TOWN OF SWAN'S ISLAND

PURPOSE: Broadband Planning

$12,500

TOWN OF VINALHAVEN

PURPOSE: ShoreUp Sea Level Rise Planning

$11,000

TOWN OF SOUTHPORT

PURPOSE: Broadband Planning

$10,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 7 grants that Island Institute has recieved totaling $416,250.

Awarding OrganizationAmount
Cornerstone Foundation Inc

Washington, DC

PURPOSE: SUPPORT CHARITABLE ACTIVITIES

$300,000
Trust Ud W Bingham Ii 207751

Dallas, TX

PURPOSE: UNRESTRICTED GENERAL

$100,000
General E R Quesada Educational

Portland, ME

PURPOSE: UNRESTRICTED

$10,000
Becton Family Foundation Tr

Homosassa, FL

PURPOSE: CONTRIBUTION TO GENERAL FUND

$5,000
Becton Family Foundation Tr

Homosassa, FL

PURPOSE: CONTRIBUTION TO GENERAL FUND

$1,000
Judith B Phelan And Richard S Phelan Fam Foundation Inc

Germantown, NY

PURPOSE: GENERAL PURPOSE

$200
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$30,987,978
Earnings-$3,830,875
Net Contributions$694,333
Other Expense$1,089,376
Ending Balance$26,762,060

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