Totals
- Total revenue
- $691,701
- Total expenses
- $636,087
- Contributions and grants received
- $563,856
- Grants paid
- $40,500
- Program service revenue
- $0
- Investment income
- $5,947
- Other revenue
- $121,898
- Total assets, end of year
- $1,418,184
- Total liabilities, end of year
- $12,354
- Net assets or fund balances, end of year
- $1,405,830
- Program services expenses (Part IX)
- $636,087
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $636,087
Program services were 100.0% 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.
-
1b · Membership dues
$172,912
-
1f · All other contributions, gifts and grants
$390,944
-
3 · Investment income
total $5,947 · excluded $5,947
-
8a · Fundraising events: gross income
$187,689
-
8b · Fundraising events: direct expenses
$72,792
-
8c · Net income from fundraising events
total $114,897 · excluded $114,897
-
11a · Other revenue: OTHER INCOME
total $7,001 · related or exempt $7,001
-
11e · Other revenue, total
$7,001
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $22,500 · program services $22,500
-
2 · Grants to domestic individuals
total $18,000 · program services $18,000
-
5 · Compensation of officers, directors and key employees
total $121,072 · program services $121,072
-
7 · Other salaries and wages
total $179,101 · program services $179,101
-
8 · Pension plan contributions
total $4,086 · program services $4,086
-
9 · Other employee benefits
total $15,388 · program services $15,388
-
10 · Payroll taxes
total $26,349 · program services $26,349
-
11b · Fees: legal
total $775 · program services $775
-
11c · Fees: accounting
total $7,060 · program services $7,060
-
11d · Fees: lobbying
total $10,500 · program services $10,500
-
11g · Fees: other
total $5,497 · program services $5,497
-
12 · Advertising and promotion
total $7,170 · program services $7,170
-
13 · Office expenses
total $10,049 · program services $10,049
-
16 · Occupancy
total $16,909 · program services $16,909
-
17 · Travel
total $27,119 · program services $27,119
-
19 · Conferences, conventions and meetings
total $1,588 · program services $1,588
-
23 · Insurance
total $7,580 · program services $7,580
-
24a · Other expenses: GRANTS PAID OUT
total $53,556 · program services $53,556
-
24b · Other expenses: REIMBURSEMENTS
total $44,544 · program services $44,544
-
24c · Other expenses: OTHER EXPENSES
total $30,657 · program services $30,657
-
24d · Other expenses: AUTO EXPENSES
total $15,742 · program services $15,742
-
24e · All other expenses
total $10,845 · program services $10,845
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $623,724 · end of year $682,404
-
2 · Savings and temporary cash investments
beginning of year $250,000 · end of year $256,800
-
4 · Accounts receivable
beginning of year $290,426 · end of year $278,980
-
10a · Land, buildings and equipment: cost or other basis
$25,187
-
10b · Land, buildings and equipment: accumulated depreciation
$25,187
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $200,000 · end of year $200,000
-
17 · Accounts payable and accrued expenses
beginning of year $13,934 · end of year $12,354
-
27 · Net assets without donor restrictions
beginning of year $1,350,216 · end of year $1,405,830
Mission and programs · 2023
Mission
PROVIDE SUPPORT FOR THE MAINE AQUACULTURE INDUSTRY.
-
DEVELOP POLICIES, MANAGEMENT PLANS, AUDIT PROGRAMS, SYSTEM DESIGNS, AND STANDARDS FOR AQUATIC FARMING IN MAINE.
Expenses $636,087 · Grants $40,500 · Revenue $7,001
As filed on the 2023 return.
Listed in Part VII
-
Christopher V Davis PhDCHRISTOPHER V DAVIS PHD
CURRENT PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.5
-
Andrew LivelyANDREW LIVELY
PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.5
-
Matthew MorettiMATTHEW MORETTI
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
Theo De KoningTHEO DE KONING
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
Joannajesse FoggJOANNAJESSE FOGG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Bill KeleherBILL KELEHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Greg LambertGREG LAMBERT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Tonie SimmonsTONIE SIMMONS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Briana WarnerBRIANA WARNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Sebastian BelleSEBASTIAN BELLE
EXECUTIVE DIREC
- Total calculated
- $114,239
- From this org
- $100,727
- From related orgs
- $0
- Other
- $13,512
- 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
-
MERE POINT OYSTER CO
$7,500
APPRENTICESHIPS
-
FERDA FARMS
$5,000
APPRENTICESHIPS
-
MUSCONGUS BAY AQUACULTURE
$5,000
APPRENTICESHIPS
-
BLACKSTONE POINT OYSTERS CO
$2,500
APPRENTICESHIPS
-
MADELEINE POINT OYSTERS
$2,500
APPRENTICESHIPS
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 25 July 2025
- IRS schema version
- 2023v6.0
- Source object
- 202502239349301710
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