Atlantic Challenge Foundation Inc

Organization Overview

Atlantic Challenge Foundation Inc is located in Rockland, ME. The organization was established in 1991. According to its NTEE Classification (Q21) the organization is classified as: International Cultural Exchange, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, Atlantic Challenge Foundation Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Atlantic Challenge Foundation Inc 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, Atlantic Challenge Foundation Inc generated $689.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $609.9k during the year ending 12/2021. While expenses have increased by 2.7% 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE APPRENTICESHOP IS A SCHOOL FOR TRADITIONAL BOATBUILDING AND SEAMANSHIP WITH A MISSION TO INSPIRE PERSONAL GROWTH THROUGH CRAFTSMANSHIP, COMMUNITY AND TRADITIONS OF THE SEA.

Describe the Organization's Program Activity:

APPRENTICE PROGRAM: AT THE APPRENTICESHOP, WE LEARN BY DOING AND WE BELIEVE THAT ALL PEOPLE ARE CAPABLE OF BUILDING AND SAILING BOATS. BY NAVIGATING CHALLENGES WITHIN A SUPPORTIVE COMMUNITY, WE COME TO UNDERSTAND WHAT WE ARE CAPABLE OF, AND TO BUILD RESILIENCE, SELF-CONFIDENCE AND RESOURCEFULNESS IN THE PROCESS. OUR APPRENTICE PROGRAM IS ANCHORED IN HANDS-ON, EXPERIENTIAL EDUCATION WITH THE BOAT AS THE CURRICULUM. DURING THE SEASON, SEAMANSHIP IS PRACTICED WEEKLY WITH TWO WEEK-LONG EXPEDITIONS A YEAR. APPRENTICESHIPS LAST EITHER 12 WEEKS, 9 MONTHS, OR 2 YEARS. WE ALSO OFFER SHORT WORKSHOPS FOR ADULTS IN BOATBUILDING RELATED SKILLS ON EVENINGS AND WEEKENDS.


SAILING YOUTH AND ADULT: FROM MARCH THROUGH OCTOBER WE PROVIDE ACCESS TO THE WATER AND OUR MARITIME HERITAGE THROUGH SAILING PROGRAMS FOR AGES 6 AND UP. OUR PROGRAMS INCLUDE: A)FALL AND SPRING HIGH SCHOOL SAILING; B)FALL MIDDLE SCHOOL SAILING; C)YOUTH SUMMER SAILING CAMP, AND D)ADULT SAILING COURSES. NO PREVIOUS EXPERIENCE IS REQUIRED AND ALL PARTICIPANTS ARE GIVEN THE OPPORTUNITY TO DEVELOP RESILIENCE, SELF-CONFIDENCE AND RESOURCEFULNESS WHILE BUILDING SEAMANSHIP SKILLS IN A FUN AND SUPPORTIVE ENVIRONMENT. WITH SUPPORT FROM ORGANIZATIONS AND INDIVIDUALS, WE STRIVE TO MAKE ALL OUR PROGRAMS ACCESSIBLE REGARDLESS OF ABILITY TO PAY.


JR. APPRENTICESHIP: FOR LOCAL YOUTH IN MIDDLE AND HIGH SCHOOL, WE PARTNER WITH SCHOOL DISTRICTS IN THE REGION TO OFFER A JUNIOR APPRENTICESHIP. STUDENTS COME TO THE APPRENTICESHOP DURING AND AFTER SCHOOL TO LEARN BOTH TRADITIONAL BOATBUILDING AND SEAMANSHIP. THE CENTERPIECE OF THE JR. APPRENTICESHIP IS THE CONSTRUCTION OF A TRADITIONAL PORTUGUESE SAILING SARDINE CARRIER OR CANOA DA PICADA. WHILE JR. APPRENTICES WILL PRACTICE A VARIETY OF SKILLS, FROM SHOP SAFETY, BASIC TOOL USE AND WOODWORKING TO KNOT TYING AND ROWING, ALL OF THE STUDENTS WILL CONTRIBUTE TO SOME PART OF THE CONSTRUCTION OF THIS LARGE, MULTI-YEAR PROJECT. AS WITH ALL OF OUR PROGRAMS, THE JR. APPRENTICESHIP REQUIRES COLLABORATION AND PUSHES YOUNG PEOPLE TO SEE WHAT THEY ARE CAPABLE OF, WHILE BUILDING RESILIENCE, SELF-CONFIDENCE, AND RESOURCEFULNESS IN THE PROCESS.


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Board, Officers & Key Employees

Name (title)Compensation
Isabella Zp Feracci
Executive Dir.
$63,479
Rachel Davis
Chair
$0
Whitney Files
Treasurer
$0
Robert Johnston
Secretary
$0
Emily Duenas Cornell Du Houx
Vice Chair
$0
Tim Clark
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $69,615
All other contributions, gifts, grants, and similar amounts not included above$405,879
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$475,494
Total Program Service Revenue$209,115
Investment income $18,443
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 -$16,943
Miscellaneous Revenue$0
Total Revenue $689,470

Grants Recieved

Over the last fiscal year, we have identified 7 grants that Atlantic Challenge Foundation Inc has recieved totaling $138,855.

Awarding OrganizationAmount
Maine Coast Heritage Trust

Topsham, ME

PURPOSE: Contribution toward conservation of land & stewardship for conservation purposes

$80,000
Rpm Foundation

Tacoma, WA

PURPOSE: Scholarship funding

$23,850
Maine Community Foundation Inc

Ellsworth, ME

PURPOSE: Youth Development

$16,500
Schwab Charitable Fund

San Francisco, CA

PURPOSE: INTERNATIONAL, FOREIGN AFFAIRS

$8,000
Cape Cod Foundation Inc

South Yarmouth, MA

PURPOSE: GENERAL SUPPORT

$5,500
Howard Bayne Fund

Garden City, NY

PURPOSE: GENERAL SUPPORT

$5,000
View Grant Recipient Profile

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