Rotary Foundation Of Damariscotta - Newcastle
- Assets
- $173.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Damariscotta, ME
- Founding
- 06/2008
- Data as of
- 06/2023
- EIN
- 26-1617718
Organization Overview
Rotary Foundation Of Damariscotta - Newcastle is located in Damariscotta, ME. The organization was established in 2008. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rotary Foundation Of Damariscotta - Newcastle 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 06/2023, Rotary Foundation Of Damariscotta - Newcastle generated $57.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $60.8k during the year ending 06/2023. While expenses have increased by 9.6% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Searles Director & President | 2 | $0 | |
Robert Topper Director & Treasurer | 3 | $0 | |
Lorraine Faherty Director & Secretary | 3 | $0 | |
Wilton Jones Director & Administrator | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,473 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1,375 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $13,327 |
| Total Revenue | $57,175 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,116 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $2,684 |
| Other expenses | $1,744 |
| Total expenses | $60,750 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $39,456 |
| Other assets | $0 |
| Total assets | $173,170 |
| Total liabilities | $0 |
| Net assets or fund balances | $173,170 |