WOOD ISLAND LIFE SAVING STATION ASSOCIATION

EIN: 453543669 501(c)(3) Environment

KITTERY POINT, ME

Total Revenue
$548,133
Total Expenses
$522,898
Total Assets
$71,367
Net Assets
$21,367
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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
ME
Principal Officer
SAMUEL REID
Phone
2022578431
Tax Period
2025-01-01 to 2025-12-31

WOOD ISLAND LIFE SAVING STATION ASSOCIATION, founded in 2011, is a small nonprofit in the Environment sector that reported $548K in total revenue in fiscal year 2025. Expenses of $523K left a modest 5% surplus.

Mission

TO STABALIZE, RESTORE AND MAINTAIN THE LIFE SAVING STATION ON WOOD ISLAND IN KITTERY MAINE FOR THE ENJOYMENT AND EDUCATION OF THE CURRENT AND FUTURE GENERATIONS.

Program Service Accomplishments

Program 1
Expenses: $466,542 Revenue: $39,562

THE HISTORIC 1908 LIFESAVING STATION ON WOOD ISLAND IN KITTERY PT. MAINE BEGAN ITS RESTORATION IN 2016. THAT YEAR ENDED WITH THE BUILDING CLEAN, SAFE, AND STRUCTURALLY SOUND. THE RESTORATION OF THE...

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THE HISTORIC 1908 LIFESAVING STATION ON WOOD ISLAND IN KITTERY PT. MAINE BEGAN ITS RESTORATION IN 2016. THAT YEAR ENDED WITH THE BUILDING CLEAN, SAFE, AND STRUCTURALLY SOUND. THE RESTORATION OF THE BUILDING'S EXTERIOR WAS ACCOMPLISHED IN 2017. IN 2018 A MASSIVE NEW SEA WALL (NORTH SIDE) AND HISTORIC SHED WERE REBUILT USING LABOR DONATED BY THE MAINE ARMY NATIONAL GUARD. ALSO ELECTRICAL AND PLUMBING SYSTEMS BEGAN IN THE STATION. FOR 2019 THE OTHER SEA WALL (SOUTH SIDE) WAS RECONSTRUCTED BY THE NATIONAL GUARD AND ADDITIONAL UTILITY WORK WAS ACCOMPLISHED. ALSO, A 50 FOOT TALL "WRECK POLE" WAS INSTALLED FOR DISPLAYING FLAGS AND ALSO REENACTING DRILLS THAT THE LIFE SAVING PERSONNEL, THE SURFMEN, PRACTICED 100 YEARS AGO. IN 2020 THE STRUCTURE OF THE PIER AND MARINE RAILWAY WERE BUILT. FOR 2021, THE PIER / GANGWAY / MARINE RAILWAY WERE ALL COMPLETED AS WELL AS ADA RAMPING. IN 2022 THE INTERIOR WAS THE FOCUS OF THE RESTORATION WITH WALLS, WOODWORK, ELECTRICAL FIXTURES AND PLASTER BEING INSTALLED. THE HISTORIC RESCUE BOAT, THE MERVIN ROBERTS, COMPLETED ITS NEARLY TWO YEAR RESTORATION AND WAS LAUNCHED SUCCESSFULLY. MANY OF THE LAST DETAILS OF THE INTERIOR WERE THE FOCUS OF 2023. FINISHED FLOORING, STAIRS AND THE LAST OF THE PLASTER AND PAINT WORK WERE ALL INSTALLED. IN 2024 THE MARITIME MUSEUM AT WOOD ISLAND OPENED FOR THE PUBLIC IN AUGUST AFTER THE LAST OF THE PLUMBING AND INTERIOR CARPENTRY WORK WAS ACCOMPLISHED IN MAY, JUNE AND JULY. NEARLY 1,000 VISITORS ENJOYED VISITING THE ISLAND. 2025 WAS THE FIRST FULL YEAR (MEMORIAL DAY TO COLUMBUS DAY) OF OPERATIONS AND 2,000 VISITORS ENJOYED THE MUSEUM EXPERIENCE. FURNITURE AND FIXTURES WERE ADDED TO BRING THE RESTORATION PROJECT TO COMPLETION.

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

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $508,571
Program Service Revenue $32,902
Investment Income $0
Other Revenue $6,660
TOTAL REVENUE $548,133

Expense Breakdown

Grants Paid $0
Salaries & Benefits $44,387
Fundraising Expenses $32,159
Program Expenses $466,542
Other Expenses $478,511
TOTAL EXPENSES $522,898

Year-over-Year Comparison

2025 2024 Change
Revenue $548,133 $537,676 +0.0%
Expenses $522,898 $536,075 0.0%
Net Income $25,235 $1,601 +14.8%
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
8
Independent Members
8
Employees
N/A
Volunteers
100

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
0
$0
Total Directors
10
$0
Key Employees
1
$44,387
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SAMUEL REID PRESIDENT 4.00
Director
$0 $0 $0
JAKE WINEBAUM VICE PRESIDENT 1.00
Director
$0 $0 $0
LAURENCE BUSSEY TREASURER 1.00
Director
$0 $0 $0
ELLEN GARVEY DIRECTOR 1.00
Director
$0 $0 $0
STEVEN GRAVES DIRECTOR 1.00
Director
$0 $0 $0
JAMES MCPHERSON SECRETARY 1.00
Director
$0 $0 $0
TARA SHERMAN DIRECTOR 1.00
Director
$0 $0 $0
LARRY YERDON DIRECTOR 1.00
Director
$0 $0 $0
DAVID KASELAUSKAS ADVISOR TO THE BOARD 1.00
Director
$0 $0 $0
WENDY LULL ADVISOR TO THE BOARD 1.00
Director
$0 $0 $0
LAURA CALHOUN EXECUTIVE DIRECTOR 40.00
Key Emp
$44,387 $0 $44,387
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
2025 $548,133 $522,898 $71,367 $25,235
2024 $537,676 $536,075 $46,132 $1,601
2023 $764,038 $835,107 $44,531 $-71,069
2022 $694,905 $754,493 $105,600 $-59,588
2021 $920,228 $844,976 $125,188 $75,252
2020 $374,257 $358,644 $49,936 $15,613
2019 $1,142,167 $1,138,972 $34,323 $3,195
2018 $1,015,823 $993,609 $31,128 $22,214
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