Abbe Museum

EIN: 010211777 501(c)(3) Arts, Culture & Humanities

Bar Harbor, ME

Total Revenue
$1,570,211
Total Expenses
$1,280,973
Total Assets
$5,137,555
Net Assets
$4,662,411
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1926
Legal Domicile
ME
Principal Officer
Matt Polstein
Phone
2078014085
Tax Period
2023-10-01 to 2024-09-30

Abbe Museum, founded in 1926, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.6M in total revenue in fiscal year 2023. The organization ran a surplus of $289K, a strong 18% operating margin.

Mission

To illuminate and advance greater understanding of and support for Wabanaki Nations' heritage, living cultures, and homelands.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,279,205
Program Service Revenue $108,972
Investment Income $145,668
Other Revenue $36,366
TOTAL REVENUE $1,570,211

Expense Breakdown

Grants Paid $0
Salaries & Benefits $608,611
Fundraising Expenses $130,382
Program Expenses $914,783
Other Expenses $672,362
TOTAL EXPENSES $1,280,973

Year-over-Year Comparison

2023 2022 Change
Revenue $1,570,211 $1,458,755 +0.1%
Expenses $1,280,973 $1,037,305 +0.2%
Net Income $289,238 $421,450 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
18
Independent Members
18
Employees
13
Volunteers
18

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$137,400
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Richard Silliboy Co-Chair 2.00
Officer Director
$0 $0 $0
Carolyn Rapkievian Co-Chair 2.00
Officer Director
$0 $0 $0
Matt Polstein Treasurer 2.00
Officer Director
$0 $0 $0
Andres Azucena Verzosa Secretary 2.00
Officer Director
$0 $0 $0
Jane Anderson Trustee 1.00
Director
$0 $0 $0
Joseph Cistone Trustee 1.00
Director
$0 $0 $0
Natalie Dana Lolar Trustee 1.00
Director
$0 $0 $0
Julia Gray Trustee 1.00
Director
$0 $0 $0
Abbe Levin Trustee 1.00
Director
$0 $0 $0
Newell Lewey Trustee 1.00
Director
$0 $0 $0
Matthew Lewis Trustee 1.00
Director
$0 $0 $0
Donna Loring Trustee 1.00
Director
$0 $0 $0
Roger Milliken Trustee 1.00
Director
$0 $0 $0
Jen Pictou Trustee 1.00
Director
$0 $0 $0
Elissa Sabattis Trustee 1.00
Director
$0 $0 $0
Sarah Sockbeson Trustee 1.00
Director
$0 $0 $0
Frances Soctomah Trustee 1.00
Director
$0 $0 $0
Isaac St John Trustee 1.00
Director
$0 $0 $0
Elizabeth Richards Executive Director 40.00
Officer
$137,400 $0 $137,400
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,570,211 $1,280,973 $5,137,555 $289,238
2023 $1,458,755 $1,037,305 $4,669,114 $421,450
2022 $460,832 $806,360 $4,197,873 $-345,528
2021 $816,686 $874,340 $4,804,812 $-57,654
2020 $550,193 $764,122 $4,630,728 $-213,929
2019 $871,891 $1,257,838 $4,827,972 $-385,947
2018 $734,116 $1,041,937 $5,131,112 $-307,821
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