SUMMER RESIDENTS ASSOCIATION TOWN OF MOUNT DESERT INC

EIN: 010457674

NORTHEAST HARBOR, ME

Total Revenue
$10,550
Total Expenses
$9,795
Total Assets
$58,687
Net Assets
$58,687
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
ME
Principal Officer
HARRY R MADEIRA JR
Tax Period
2022-01-01 to 2022-12-31

SUMMER RESIDENTS ASSOCIATION TOWN OF MOUNT DESERT INC is a tax-exempt nonprofit with EIN 010457674, based in NORTHEAST HARBOR, ME. Founded in 2005, the organization files IRS Form 990 and reported its most recent data for fiscal year 2022. In that period, it reported $10,550 in total revenue and $9,795 in total expenses, with net assets of $58,687.

Mission

PROVIDE AN EFFECTIVE MEANS OF COMMUNICATION BETWEEN THE SUMMER RESIDENTS AND THE TOWN LEADERSHIP ON ISSUES THAT CONCERN THE CURRENT AND FUTURE WELL BEING OF THE TOWN OF MOUNT DESERT, ME. THE BOARD OF DIRECTORS OF THE ORGANIZATION SEEKS TO REPRESENT THE VIEWS OF THE SUMMER RESIDENTS AND TO KEEP THEM INFORMED OF, AND INVOLVED IN, THE TOWN PLANNING PROCESS ON CURRENT AND FUTURE ISSUES AND TO BE A CONSTRUCTIVE VOICE OF THE SUMMER RESIDENTS WITH THE TOWN GOVERNMENT, WORKING CLOSELY WITH THE TOWN LEADERS TO PRESERVE AND PROTECT THE UNIQUE CHARACTER, CULTURE, ENVIRONMENT, AND QUALITY OF LIFE OF THE TOWN.

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Trantor Score

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $5,250
Program Service Revenue $4,875
Investment Income $425
Other Revenue $0
TOTAL REVENUE $10,550

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $8,845
Other Expenses $9,795
TOTAL EXPENSES $9,795

Year-over-Year Comparison

2022 2021 Change
Revenue $10,550 $9,896 +0.1%
Expenses $9,795 $38,789 -0.7%
Net Income $755 $-28,893 -1.0%
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
11
Independent Members
11
Employees
N/A
Volunteers
N/A

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
1
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PEROT BISSELL DIRECTOR 0.50
Director
$0 $0 $0
CAMMIE DISSTON DIRECTOR 0.50
Director
$0 $0 $0
WHITNEY DRAYTON DIRECTOR 0.50
Director
$0 $0 $0
JIM GREEN PRESIDENT 0.50
Director
$0 $0 $0
WILL HUDSON DIRECTOR 0.50
Director
$0 $0 $0
LILLIE JOHNSON DIRECTOR 0.50
Director
$0 $0 $0
HARRY R MADEIRA JR TREASURER 0.50
Officer Director
$0 $0 $0
JACK KATZ DIRECTOR 0.50
Director
$0 $0 $0
NED NALLE VICE PRESIDE 0.50
Director
$0 $0 $0
MARNIE PHILLIPS DIRECTOR 0.50
Director
$0 $0 $0
FRAN FREEMONT SMITH DIRECTOR 0.50
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
2022 $10,550 $9,795 $58,687 $755
2021 $9,896 $38,789 $57,932 $-28,893
2020 $1,011,131 $1,028,174 $86,825 $-17,043
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