Skip to content
Nonprofiteer
← OUR KATAHDIN

Form 990 for tax year 2024

Filed by OUR KATAHDIN.

Totals

Total revenue
$5,863,898
Total expenses
$2,466,753
Contributions and grants received
$5,834,488
Grants paid
$4,880
Program service revenue
$16,931
Investment income
$12,479
Other revenue
$0
Total assets, end of year
$5,368,786
Total liabilities, end of year
$3,508,087
Net assets or fund balances, end of year
$1,860,699
Program services expenses (Part IX)
$2,195,195
Management and general expenses
$271,558
Fundraising expenses
$0
Program service expenses (Part III)
$2,195,195

Program services were 89.0% 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.

  • 1e · Government grants (contributions)

    $5,107,871

  • 1f · All other contributions, gifts and grants

    $726,617

  • 2a · Program service revenue: Miscellaneous Revenue

    total $16,931 · related or exempt $16,931

  • 7a · Gross sales of assets other than inventory

    other assets $12,479

  • 7b · Less cost or other basis and sales expenses

    other assets $0

  • 7c · Gain or loss

    other assets $12,479

  • 7d · Net gain or loss

    total $12,479 · excluded $12,479

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,380 · program services $4,380

  • 2 · Grants to domestic individuals

    total $500 · program services $500

  • 7 · Other salaries and wages

    total $201,712 · program services $201,712

  • 9 · Other employee benefits

    total $30,262 · program services $30,262

  • 10 · Payroll taxes

    total $15,504 · program services $15,504

  • 11b · Fees: legal

    total $73,197 · management and general $73,197

  • 11g · Fees: other

    total $1,941,421 · program services $1,941,421

  • 12 · Advertising and promotion

    total $25,064 · management and general $25,064

  • 13 · Office expenses

    total $29,192 · program services $1,416 · management and general $27,776

  • 16 · Occupancy

    total $16,251 · management and general $16,251

  • 17 · Travel

    total $15,307 · management and general $15,307

  • 20 · Interest

    total $59,229 · management and general $59,229

  • 22 · Depreciation, depletion and amortization

    total $756 · management and general $756

  • 23 · Insurance

    total $16,242 · management and general $16,242

  • 24a · Other expenses: Taxes & Licenses

    total $22,461 · management and general $22,461

  • 24b · Other expenses: Misc Expenses

    total $15,275 · management and general $15,275

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $181,097 · end of year $222,543

  • 10a · Land, buildings and equipment: cost or other basis

    $4,978,909

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,510

  • 10c · Land, buildings and equipment, net

    beginning of year $1,290,767 · end of year $4,977,399

  • 15 · Other assets

    beginning of year $143,123 · end of year $168,844

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,000 · end of year $2,000

  • 22 · Loans and payables to officers and key people

    beginning of year $22,915 · end of year $22,915

  • 23 · Secured mortgages and notes payable

    beginning of year $2,009,497 · end of year $2,006,590

  • 24 · Unsecured notes and loans payable

    beginning of year $1,117,021 · end of year $947,438

  • 25 · Other liabilities

    beginning of year $0 · end of year $529,144

  • 27 · Net assets without donor restrictions

    beginning of year -$1,588,680 · end of year $1,860,699

  • 28 · Net assets with donor restrictions

    beginning of year $52,234 · end of year $0

Mission and programs · 2024

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.

  • The Organization's main areas of focus are as follows:Community Development - Crowdsourcing ideas and volunteers to implement revitalization projects in the Katahdin region.Industry Development - Seeking to leverage the Katahdin region's assets to develop the economy in the industries of forest products, alternative energies, outdoor recreation, and the digital economy.

    Expenses $2,195,195 · Grants $4,880 · Revenue $16,931

As filed on the 2024 return.

Listed in Part VII

  • Sean DeWitt

    President

    Total calculated
    $0
    Hours/week
    20

  • Stephanie Walsh

    Treasurer

    Total calculated
    $0
    Hours/week
    30

  • Anthony Foster

    Director

    Total calculated
    $0
    Hours/week
    10

  • Michael Faloon Jr

    Director

    Total calculated
    $0
    Hours/week
    20

  • Jessica Masse

    Director

    Total calculated
    $0
    Hours/week
    15

  • Peter Malikowski

    Director

    Total calculated
    $0
    Hours/week
    40

  • Mike Osborne

    Director

    Total calculated
    $0
    Hours/week
    10

  • Eldon Doody

    Volunteer Officer

    Total calculated
    $0
    Hours/week
    1

  • Stephen Sanders

    Director of Mill Site Redevelopment

    Total calculated
    $134,193
    From this org
    $110,784
    From related orgs
    $0
    Other
    $23,409
    Hours/week
    40

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • Our Katahdin Capital

    501(c)(3) · Hold Investments · ME · controlled entity

    Directly controlled by Our Katahdin

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 $0 · assets $261,631

    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 · Real Estate Holding · DE · 100% owned · share of income $201,432 · share of assets $366,307 · controlled entity

    Directly controlled by Our Katahdin

Provenance

Return type
form_990
Tax year
2024
Filed
22 October 2025
IRS schema version
2024v5.2
Source object
202502979349301100

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.