Nordica Memorial Association Inc
- Assets
- $740.7k
- Revenue
- $17.4k
- Investments
- $239.5k
- Employees
- 0
- Location
- Farmington, ME
- Founding
- 12/1952
- Data as of
- 06/2024
- EIN
- 23-7128638
Organization Overview
Nordica Memorial Association Inc is located in Farmington, ME. The organization was established in 1952. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nordica Memorial Association 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 06/2024, Nordica Memorial Association Inc generated $17.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $18.1k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
MUSEUM OPERATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSEUM OPERATION - NORDICA HOMESTEAD
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Wright Vice President | 0 | $0 | |
Richard Morton Director | 0 | $0 | |
Sara Sloane Director | 0 | $0 | |
Cindy Wright Treasurer | 0 | $0 | |
Valerie Huebner Secretary | 0 | $0 | |
Thomas Sawyer President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,305 |
| Capital Gain Net Income | $1,305 |
| Net ST Capital Gain | $1,305 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $414 |
| Other Income | $15,687 |
| Total Revenue | $17,406 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,088 |
| Depreciation | $0 |
| Occupancy | $5,220 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,208 |
| Total operating and administrative expenses | $18,136 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $18,136 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,167 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $13,053 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $484,920 |
| Other assets | $0 |
| Total assets | $740,653 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2 |
| Total liabilities | $2 |
Grants Awarded
Over the last fiscal year, Nordica Memorial Association Inc has awarded $2,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MARCH STEIGER PURPOSE: SCHOLARSHIP | $1,000 |
MIA LOVE PURPOSE: SCHOLARSHIP | $1,000 |