Islesboro Historical Society Inc

EIN: 010316968 501(c)(3)

Islesboro, ME

Total Revenue
$82,684
Total Expenses
$50,633
Total Assets
$585,515
Net Assets
$585,253
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Financial Trends

Organization Details

Formation Year
1964
Legal Domicile
ME
Principal Officer
Patrick O' Bannon
Phone
2077346733
Tax Period
2023-01-01 to 2023-12-31

Islesboro Historical Society Inc is a 501(c)(3) with EIN 010316968, based in Islesboro, ME. Founded in 1964, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $82,684 in total revenue and $50,633 in total expenses, with net assets of $585,253.

Mission

To bring together people interested in the history of Islesboro, for the purpose of collecting, preserving, presenting and promoting materials related to the history of the town and its place in local, regional, and national history. Materials include printed and manuscript documents and records, paintings, photographs, maps, objects, artifacts and buildings associated with the history of Islesboro and its residents.The Society also seeks to preserve, promote and interpret and sustain the culture of Islesboro and its residents, by hosting, sponsoring, and supporting activities and events that celebrate and sustain that culture in all its various forms.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $27,357
Program Service Revenue $0
Investment Income $49,492
Other Revenue $5,835
TOTAL REVENUE $82,684

Expense Breakdown

Grants Paid $2,038
Salaries & Benefits $9,689
Fundraising Expenses $2,180
Program Expenses $22,840
Other Expenses $38,906
TOTAL EXPENSES $50,633

Year-over-Year Comparison

2023 2022 Change
Revenue $82,684 $55,486 +0.5%
Expenses $50,633 $47,985 +0.1%
Net Income $32,051 $7,501 +3.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
20
Independent Members
20
Employees
1
Volunteers
40

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
4
$0
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Richard De Grasse Director 1.00
Director
$0 $0 $0
John Mitchell Director 1.00
Director
$0 $0 $0
Patrick O' Bannon President 6.00
Officer Director
$0 $0 $0
Majorie King Director 1.00
Director
$0 $0 $0
Amanda Hobart Director 1.00
Director
$0 $0 $0
Judy Kaminski Director 1.00
Director
$0 $0 $0
Bob Slawson Director 2.00
Director
$0 $0 $0
Carlisle Rex-Waller Archivist 4.00
Officer Director
$0 $0 $0
Carrie Thomas Secretary 3.00
Officer Director
$0 $0 $0
Mike Boardman Director 1.00
Director
$0 $0 $0
Jennifer West Director 1.00
Director
$0 $0 $0
Shar Piper Director 2.00
Director
$0 $0 $0
Will Merryman Director 2.00
Director
$0 $0 $0
Anmiryan Budner Director 2.00
Director
$0 $0 $0
Jane Wherren Director 1.00
Director
$0 $0 $0
Doug Welldon Director 2.00
Director
$0 $0 $0
Valerie Slater Treasurer 3.00
Officer Director
$0 $0 $0
Debbie Reynolds Director 1.00
Director
$0 $0 $0
Ted Pendleton Director 2.00
Director
$0 $0 $0
Kathy DeGrasse Director 1.00
Director
$0 $0 $0
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 No data No data No data No data
2023 $82,684 $50,633 $585,515 $32,051
2022 $55,486 $47,985 $557,503 $7,501
2021 $65,089 $43,135 $545,990 $21,954
2020 $43,164 $47,170 $525,336 $-4,006
2019 $37,188 $43,900 $528,044 $-6,712
2018 $122,938 $44,204 $534,810 $78,734
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