Totals
- Total revenue
- $217,521
- Total expenses
- $127,676
- Contributions and grants received
- $106,447
- Grants paid
- $1,000
- Program service revenue
- $106,423
- Investment income
- $2,847
- Other revenue
- $1,804
- Total assets, end of year
- $1,534,950
- Total liabilities, end of year
- $1,355,417
- Net assets or fund balances, end of year
- $179,533
- Program services expenses (Part IX)
- $38,895
- Management and general expenses
- $86,946
- Fundraising expenses
- $1,835
- Program service expenses (Part III)
- $38,895
Program services were 30.5% 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.
-
1f · All other contributions, gifts and grants
$106,447
-
1g · Noncash contributions included above
$517
-
2a · Program service revenue: RENT
total $104,335 · related or exempt $104,335
-
2b · Program service revenue: CONSULTATION
total $2,088 · related or exempt $2,088
-
3 · Investment income
total $2,847 · excluded $2,847
-
11a · Other revenue: Miscellaneous
total $1,804 · related or exempt $1,804
-
11e · Other revenue, total
$1,804
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,000 · program services $1,000
-
5 · Compensation of officers, directors and key employees
total $915 · fundraising $915
-
11b · Fees: legal
total $3,988 · management and general $3,988
-
11c · Fees: accounting
total $3,960 · management and general $3,960
-
11g · Fees: other
total $3,613 · program services $3,613
-
12 · Advertising and promotion
total $1,840 · program services $920 · fundraising $920
-
13 · Office expenses
total $970 · management and general $970
-
14 · Information technology
total $1,012 · management and general $1,012
-
16 · Occupancy
total $14,032 · program services $7,341 · management and general $6,691
-
17 · Travel
total $7 · management and general $7
-
19 · Conferences, conventions and meetings
total $1,930 · program services $1,930
-
20 · Interest
total $68,812 · management and general $68,812
-
22 · Depreciation, depletion and amortization
total $13,624 · program services $13,624
-
23 · Insurance
total $4,214 · program services $2,929 · management and general $1,285
-
24a · Other expenses: Repairs and maintenance
total $5,663 · program services $5,663
-
24b · Other expenses: Equipment rental
total $1,875 · program services $1,875
-
24c · Other expenses: Meals and entertainment
total $221 · management and general $221
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $34,202 · end of year $29,878
-
2 · Savings and temporary cash investments
beginning of year $155,262 · end of year $230,527
-
4 · Accounts receivable
end of year $926
-
9 · Prepaid expenses and deferred charges
beginning of year $4,000 · end of year $3,166
-
10a · Land, buildings and equipment: cost or other basis
$1,296,902
-
10b · Land, buildings and equipment: accumulated depreciation
$27,249
-
10c · Land, buildings and equipment, net
beginning of year $1,261,322 · end of year $1,269,653
-
15 · Other assets
beginning of year $800 · end of year $800
-
17 · Accounts payable and accrued expenses
end of year $7,158
-
23 · Secured mortgages and notes payable
beginning of year $1,365,898 · end of year $1,347,259
-
25 · Other liabilities
beginning of year $0 · end of year $1,000
-
27 · Net assets without donor restrictions
beginning of year $89,688 · end of year $63,189
-
28 · Net assets with donor restrictions
end of year $116,344
Mission and programs · 2023
Mission
The Sea Meadow Marine Foundation preserves Maine's working waterfront through a collaborative, sustainable approach to regenerate our coast, improve marine and public health, and protect our maritime heritage. We strive to integrate environmental science and educational opportunities into our support of the marine economy.
Activities or mission (Part I)
The Sea Meadow Marine Foundation preserves Maine's working waterfront through a collaborative, sustainable approach to regenerate our coast, improve marine and public health, and protect our maritime heritage. Maine's coastal lands are under increasing pressure from real estate developers. Our primary goal is to preserve and maintain affordable access to the working waterfront for individuals and families who make their living from the sea. Our main program is leasing space/access to these groups.
-
The Sea Meadow Marine Foundation preserves Maine's working waterfront through a collaborative, sustainable approach to regenerate our coast, improve marine and public health, and protect our maritime heritage. Maine's coastal lands are under increasing pressure from real estate developers. Our primary goal is to preserve and maintain affordable access to the working waterfront for individuals and families who make their living from the sea. Our main program is leasing space/access to these groups.
Expenses $38,895 · Grants $1,000 · Revenue $108,227
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Chadwick Strater
President
- Total calculated
- $0
- Hours/week
- 15
-
Rebecca Rundquist
Vice-President
- Total calculated
- $915
- From this org
- $915
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4.5
-
Nick Planson
Secretary
- Total calculated
- $0
- Hours/week
- 20
-
David Dickison
Treasurer
- Total calculated
- $0
- Hours/week
- 25
-
William Andrews
Director
- Total calculated
- $0
- Hours/week
- 1
-
Taja Harper
Director
- Total calculated
- $0
- Hours/week
- 1
-
Negina Lowe
Director
- Total calculated
- $0
- Hours/week
- 1
-
Amanda Moeser
Director
- Total calculated
- $0
- Hours/week
- 1
-
Daniel Pelletier
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jaclyn Robidoux
Director
- Total calculated
- $0
- Hours/week
- 1
-
Heather Sadusky
Director
- Total calculated
- $0
- Hours/week
- 1
-
Dana Swenson
Director
- Total calculated
- $0
- Hours/week
- 1
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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 10 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202402849349301005
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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