Our Katahdin
- Assets
- $1.4m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 2
- Location
- Millinocket, ME
- Founding
- 01/2015
- Data as of
- 12/2022
- EIN
- 47-2382072
Organization Overview
Our Katahdin is located in Millinocket, ME. The organization was established in 2015. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Our Katahdin employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Our Katahdin 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 12/2022, Our Katahdin generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 53.0% each year . All expenses for the organization totaled $2.2m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ASSISTING WITH COMMUNITY AND ECONOMIC DEVELOPMENT IN THE KATAHDIN REGION OF MAINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROJECT CANOPY - PLANTING OF TREES IN DOWNTOWN MILLINOCKET ME
DONATIONS RECEIVED TOWARDS THE VETERANS MEMORIAL LOCATED IN VETERANS PARK IN MILLINOCKET ME
OUR KATAHDIN PAID FUNDS TO CONSULTANTS AND CONTRACTORS FOR SERVICES RELATED TO COMMUNITY & ECONOMIC DEVELOPMENT IN THE KATAHDIN REGION OF MAINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean Dewitt President And Director | OfficerTrustee | 40 | $0 |
Nancy Dewitt Treasurer And Director | OfficerTrustee | 30 | $0 |
Eldon Doody Volunteer Officer | Officer | 10 | $0 |
Peter Malikowski Director | Trustee | 40 | $0 |
Michael Osborne Director | Trustee | 10 | $0 |
Michael Faloon Jr Director | Trustee | 20 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ransom Consulting Llc Consulting | 12/30/22 | $352,061 |
Cordjia Capital Projects Group Economic Development Assistance | 12/30/22 | $447,607 |
Lakeside Concrete Cutting Abatement Services | 12/30/22 | $447,607 |
Mid-south Engineering Co Engineering And Consulting | 12/30/22 | $248,782 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $257 |
| Related organizations | $97,456 |
| Government grants | $926,660 |
| All other contributions, gifts, grants, and similar amounts not included above | $745,980 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,770,353 |
| Total Program Service Revenue | $6,978 |
| Investment income | $630 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $15,000 |
| 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 | $1,815,951 |
| 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 | $59,219 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,266 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,448 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $81,996 |
| Office expenses | $7,329 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,947 |
| 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 | $351,371 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,647 |
| All other expenses | $64,532 |
| Total functional expenses | $2,235,611 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $335,709 |
| 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 | $1,086,100 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,421,809 |
| Accounts payable and accrued expenses | $0 |
| 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 | $24,915 |
| Secured mortgages and notes payable | $907,698 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $932,613 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $489,196 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,421,809 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Our Katahdin has recieved totaling $350,834.
| Awarding Organization | Amount |
|---|---|
Elmina B Sewall Foundation Freeport, ME PURPOSE: GENERAL OPERATING SUPPORT | $315,500 |
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Community & Neighborhood Development | $35,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $334 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
York County Shelter Programs Inc Alfred, ME | $7,515,033 | $5,469,246 |
Our Katahdin Millinocket, ME | $1,421,809 | $1,815,951 |
Portland Housing Development Corporation Portland, ME | $5,328,711 | $2,757,076 |
Northern Aroostook Alternatives Inc Van Buren, ME | $1,275,126 | $1,273,850 |
Downtown Improvement District Inc Portland, ME | $317,810 | $1,068,998 |
Capital Regional Development Council Concord, NH | $14,984,194 | $977,983 |
Harbor House Community Service Center Southwest Harbor, ME | $2,151,335 | $1,095,406 |
Granite State Organizing Project Manchester, NH | $626,444 | $1,199,163 |
Southern Maine Finance Agency Biddeford, ME | $7,727,125 | $658,421 |
Belknap County Economic Development Council Inc Laconia, NH | $5,665,349 | $1,533,067 |
Kennebunkport Heritage Housing Trust 2 Kennebunkport, ME | $281,718 | $538,218 |
Lakes Region Association Tilton, NH | $267,945 | $618,094 |