Maine Coast Community Sector
- Assets
- $132.3k
- Revenue
- $516.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Brunswick, ME
- Founding
- 06/2012
- Data as of
- 12/2021
- EIN
- 27-2220474
Organization Overview
Maine Coast Community Sector is located in Brunswick, ME. The organization was established in 2012. According to its NTEE Classification (D33) the organization is classified as: Fisheries Resources, under the broad grouping of Animal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maine Coast Community Sector is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2021, Maine Coast Community Sector generated $516.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.2% each year . All expenses for the organization totaled $547.4k during the year ending 12/2021. While expenses have increased by 19.4% 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
THE CORPORATION IS ENGAGED IN GROUNDFISHING UNDER NORTHEAST MULTI-SPECIES FISHERY MANAGEMENT PLAN (GROUND FISH FMP), AMENDMENT 16 TO THE GROUNDFISH FMP (AMENDMENT 16), AND THE REGULATIONS IMPLEMENTING THE FMP, A SELF SELECTING COOPERATIVE OR SECTOR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SECTOR ACHIEVED GOAL OF OPTIMIZING GROUND FISH QUOTA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerry Cushman President | OfficerTrustee | 20 | $0 |
Mary Hudson Sector Manager | Officer | 20 | $0 |
Geoffrey Smith Treasurer | Officer | 3 | $0 |
Craig Durant Director | Trustee | 0 | $0 |
Randy Cushman Director | Trustee | 2 | $0 |
Brian Pearce Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $100 |
| Total Program Service Revenue | $516,684 |
| Investment income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $516,875 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $15,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,218 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $524,647 |
| Advertising and promotion | $0 |
| Office expenses | $147 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,416 |
| All other expenses | $3,988 |
| Total functional expenses | $547,416 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $132,348 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $132,348 |
| Accounts payable and accrued expenses | $209 |
| 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 | $209 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $132,139 |
| Total liabilities and net assets/fund balances | $132,348 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Atlantic Salmon Federation Inc Calais, ME | $19,042,293 | $3,675,638 |
Downeast Institute For Applied Marine Research And Education Inc Beals Island, ME | $5,216,598 | $1,513,596 |
Downeast Salmon Federation Columbia Falls, ME | $5,533,442 | $1,959,727 |
Maine Coast Community Sector Brunswick, ME | $132,348 | $516,875 |
Project Share Cherryfield, ME | $54,884 | $393,999 |
Xi Northeast Fishery Sector Inc Portsmouth, NH | $365,735 | $0 |
Trout Unlimited Littleton, NH | $50,148 | $0 |
Powwow Pond Council Inc Kingston, NH | $13,976 | $0 |
Northeast Coastal Communities Sector Stonington, ME | $56,383 | $0 |