Totals
- Total revenue
- $1,815,951
- Total expenses
- $2,235,611
- Contributions and grants received
- $1,770,353
- Grants paid
- $0
- Program service revenue
- $6,978
- Investment income
- $630
- Other revenue
- $37,990
- Total assets, end of year
- $1,421,809
- Total liabilities, end of year
- $932,613
- Net assets or fund balances, end of year
- $489,196
- Program services expenses (Part IX)
- $1,662,925
- Management and general expenses
- $572,686
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,662,925
Program services were 74.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$257
-
1d · Related organizations
$97,456
-
1e · Government grants (contributions)
$926,660
-
1f · All other contributions, gifts and grants
$745,980
-
1g · Noncash contributions included above
$0
-
2a · Program service revenue: Community Project Revenue
total $6,978 · related or exempt $6,978 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $630 · related or exempt $630 · unrelated business $0 · excluded $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6a · Gross rents
real property $15,000 · personal property $0
-
6b · Less rental expenses
real property $0 · personal property $0
-
6c · Rental income or loss
real property $15,000 · personal property $0
-
6d · Net rental income or loss
total $15,000 · related or exempt $15,000 · unrelated business $0 · excluded $0
-
7c · Gain or loss
securities $0 · other assets $0
-
8a · Fundraising events: contributions included on line 1c
$257
-
11a · Other revenue: Real estate deposits
total $800 · related or exempt $800 · unrelated business $0 · excluded $0
-
11b · Other revenue: Reimbursements
total $15,658 · related or exempt $15,658 · unrelated business $0 · excluded $0
-
11c · Other revenue: Sponsorship
total $6,500 · related or exempt $6,500 · unrelated business $0 · excluded $0
-
11d · All other revenue
total $32 · related or exempt $32 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$22,990
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $59,219 · program services $59,219
-
9 · Other employee benefits
total $7,266 · program services $7,266
-
11b · Fees: legal
total $17,448 · management and general $17,448
-
12 · Advertising and promotion
total $81,996 · management and general $81,996
-
13 · Office expenses
total $7,329 · management and general $7,329
-
17 · Travel
total $10,947 · management and general $10,947
-
21 · Payments to affiliates
total $351,371 · management and general $351,371
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $4,647 · management and general $4,647
-
24a · Other expenses: Consulting / Contractors
total $1,584,612 · program services $1,584,612 · management and general $0 · fundraising $0
-
24b · Other expenses: Repair and Maintenance
total $3,826 · program services $0 · management and general $3,826 · fundraising $0
-
24c · Other expenses: Taxes & licenses
total $32,510 · program services $0 · management and general $32,510 · fundraising $0
-
24d · Other expenses: Rent / Lease
total $9,908 · program services $0 · management and general $9,908 · fundraising $0
-
24e · All other expenses
total $64,532 · program services $11,828 · management and general $52,704 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $494,168 · end of year $335,709
-
10a · Land, buildings and equipment: cost or other basis
$1,086,100
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $675,600 · end of year $1,086,100
-
22 · Loans and payables to officers and key people
beginning of year $24,915 · end of year $24,915
-
23 · Secured mortgages and notes payable
beginning of year $613,993 · end of year $907,698
-
24 · Unsecured notes and loans payable
beginning of year $0
-
29 · Capital stock, trust principal or current funds
beginning of year $530,860 · end of year $489,196
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $0 · end of year $0
Mission and programs · 2022
Mission
Our Katahdin assists with community development, downtown revitalization, and economic development in the Katahdin region of Maine.
Activities or mission (Part I)
Assisting with community and economic development in the Katahdin region of Maine.
-
Project Canopy - Planting of trees in downtown Millinocket ME
Expenses $9,267 · Revenue $3,978
-
Donations received towards the Veterans Memorial located in Veterans Park in Millinocket ME
Revenue $3,000
-
Our Katahdin paid funds to consultants and contractors for services related to community & economic development in the Katahdin region of Maine.
Expenses $1,584,612
-
Salaries and benefits for (2) employees involved with Program Service accomplishments.
Expenses $66,486
-
Our Katahdin donated funds to local organizations. (related to community development)
Expenses $2,560
As filed on the 2022 return.
Listed in Part VII
-
Sean DeWitt
President and Director
- Total calculated
- $0
- Hours/week
- 40
-
Nancy DeWitt
Treasurer and Director
- Total calculated
- $0
- Hours/week
- 30
-
Michael Faloon Jr
Director
- Total calculated
- $0
- Hours/week
- 20
-
Michael Osborne
Director
- Total calculated
- $0
- Hours/week
- 10
-
Anthony Foster
Director
- Total calculated
- $0
- Hours/week
- 10
-
Jessica Masse Hafford
Director
- Total calculated
- $0
- Hours/week
- 15
-
Peter Malikowski
Director
- Total calculated
- $0
- Hours/week
- 40
-
Eldon Doody
Volunteer Officer
- Total calculated
- $0
- Hours/week
- 10
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
GNP Holding II LLC
Real estate holdings · DE · income $90,702 · assets $110,900
Directly controlled by Our Katahdin
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
GNP West Inc dba One North Maine
C · Abandoned millsite - Currently recruiting tenants · DE · 100% owned · share of income $0 · share of assets $0
Directly controlled by Our Katahdin
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 28 March 2023
- IRS schema version
- 2022v5.0
- Source object
- 202330879349300623
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