CASTINE SCIENTIFIC SOCIETY

EIN: 237059689 501(c)(3) Arts, Culture & Humanities

CASTINE, ME

Total Revenue
$555,882
Total Expenses
$698,674
Total Assets
$21,226,380
Net Assets
$20,741,912
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Financial Trends

Organization Details

Formation Year
1921
Legal Domicile
ME
Principal Officer
JEANMARIE REED RUSSELL
Phone
2073269247
Tax Period
2023-01-01 to 2023-12-31

CASTINE SCIENTIFIC SOCIETY, founded in 1921, is a small nonprofit in the Arts, Culture & Humanities sector that reported $556K in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $699K exceeded revenue, resulting in a 26% operating deficit.

Mission

CULTIVATING AND ENCOURAGING HUMAN CONNECTION ACROSS PLACE, TIME, AND CULTURES.

Program Service Accomplishments

Program 1
Expenses: $396,056

WILSON MUSEUM - CARE, MAINTENANCE, ADMINISTRATION AND INTERPRETATION OF A 4,500 SQUARE FOOT MUSEUM AND WORLDWIDE COLLECTIONS FROM PREHISTORY TO THE PRESENT DAY INCLUDING EDUCATIONAL SERVICE SUCH AS...

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WILSON MUSEUM - CARE, MAINTENANCE, ADMINISTRATION AND INTERPRETATION OF A 4,500 SQUARE FOOT MUSEUM AND WORLDWIDE COLLECTIONS FROM PREHISTORY TO THE PRESENT DAY INCLUDING EDUCATIONAL SERVICE SUCH AS PUBLICATIONS, LECTURES, DEMONSTRATIONS, AND WEBSITE. OPEN FROM MAY 27 TO SEPTEMBER 30, GROUPS BY APPOINTMENT DURING THE OFF-SEASON. MUSEUM ATTENDANCE OF 3,500.

Program 2
Expenses: $18,093

EDUCATION CENTER & DEMONSTRATION/EXHIBIT AREA - CARE, MAINTENANCE, AND INTERPRETATION OF EXHIBITION/DEMONSTRATION BUILDINGS, A FULLY FUNCTIONAL 19TH CENTURY SMITHY, AND A 3,000 SQUARE FOOT EDUCATION...

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EDUCATION CENTER & DEMONSTRATION/EXHIBIT AREA - CARE, MAINTENANCE, AND INTERPRETATION OF EXHIBITION/DEMONSTRATION BUILDINGS, A FULLY FUNCTIONAL 19TH CENTURY SMITHY, AND A 3,000 SQUARE FOOT EDUCATION CENTER WHERE EDUCATIONAL SERVICES SUCH AS LECTURES, DEMONSTRATIONS AND EXHIBITS ARE OFFERED ON A YEAR-ROUND BASIS. APPROXIMATE EDUCATION CENTER & DEMONSTRATION EXHIBIT AREA ATTENDANCE OF 1,600.

Program 3
Expenses: $5,853

JOHN & PHEBE PERKINS HOUSE, PERKINS GALLERY & MUSEUM STORE - CARE, MAINTENANCE, AND INTERPRETATION OF EXHIBITION, MUSEUM STORE AND A 2 STORY COLONIAL HOME, BUILT IN 1763/83 WHICH IS ON THE NATIONAL...

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JOHN & PHEBE PERKINS HOUSE, PERKINS GALLERY & MUSEUM STORE - CARE, MAINTENANCE, AND INTERPRETATION OF EXHIBITION, MUSEUM STORE AND A 2 STORY COLONIAL HOME, BUILT IN 1763/83 WHICH IS ON THE NATIONAL REGISTER OF HISTORIC PLACES, AS WELL AS THE CARE OF THE COLLECTIONS WITHIN, INCLUDING FAMILY HEIRLOOMS, LOCAL ARTIFACTS, AND PERIOD PIECES. HISTORIC HOME OPEN JULY AND AUGUST AND BY APPOINTMENT WITH GUIDED TOURS AND DEMONSTRATIONS SUCH AS FIRESIDE COOKING. GALLERY & MUSEUM STORE OPEN MAY 27TH TO SEPTEMBER 30TH, GROUPS BY APPOINTMENT DURING THE OFF-SEASON. PERKINS HOUSE, GALLERY & MUSEUM STORE ATTENDANCE OF 1,750.

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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 $76,134
Program Service Revenue $975
Investment Income $474,174
Other Revenue $4,599
TOTAL REVENUE $555,882

Expense Breakdown

Grants Paid $0
Salaries & Benefits $325,968
Fundraising Expenses $13,711
Program Expenses $454,677
Other Expenses $372,706
TOTAL EXPENSES $698,674

Year-over-Year Comparison

2023 2022 Change
Revenue $555,882 $819,453 -0.3%
Expenses $698,674 $679,500 +0.0%
Net Income $-142,792 $139,953 -2.0%
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
10
Independent Members
10
Employees
15
Volunteers
48

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
$75,885
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JULIA GRAY EXECUTIVE DI 40.00
Officer
$75,885 $0 $75,885
JOCELINE BOUCHER TREASURER 1.29
Officer Director
$0 $0 $0
STEVE BROOKMAN TRUSTEE 1.00
Director
$0 $0 $0
MARIANNE BUCHANAN TRUSTEE 1.00
Director
$0 $0 $0
HANS CARLSON PRESIDENT 2.00
Officer Director
$0 $0 $0
BARBARA COOPER TRUSTEE 1.00
Director
$0 $0 $0
BARBARA JACKSON TRUSTEE 1.00
Director
$0 $0 $0
WALTER MURPHY TRUSTEE 1.00
Director
$0 $0 $0
JEANMARIE REED RUSSELL VICE PRESIDE 1.00
Officer Director
$0 $0 $0
STEVE SHEA SECRETARY 1.00
Officer Director
$0 $0 $0
LINDA SIMPSON TRUSTEE 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 $555,882 $698,674 $21,226,380 $-142,792
2022 $819,453 $679,500 $19,550,807 $139,953
2021 $577,379 $669,969 $21,941,978 $-92,590
2020 $2,135,268 $580,123 $19,868,188 $1,555,145
2019 $679,487 $654,945 $19,305,599 $24,542
2018 $970,831 $566,641 $17,141,094 $404,190
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