Mount Desert 365 FY2021 filing

Tax-deductible

Northeast Harbor, ME501(c)(3)Since 2017Community DevelopmentEIN 82-1645703Revenue $1.5M in FY2021

On file with the IRSmountdesert365.org6 Old Firehouse Ln, 04662-0000 · Northeast Harbor, METax-exempt since Oct 2017Publicly supported charity — 170(b)(1)(A)(vi)

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Mount Desert 365 (the corporation) engages in activities to preserve and increase the supply of affordable workforce housing for year-round residents of Mount Desert (the town) and promote economic revitalization of commercial areas adversely impacted by the loss of year- round residents. The corporation will increase the supply of affordable housing for sale to year-round residents, ensuring that IT stays affordable in perpetuity and cannot be acquired by summer residents for seasonal use or vacation rentals. The corporation has acquired and will develop mixed- use residential/commercial properties for rental on affordable terms to residents and businesses on a year-round basis. This activity will increase the year-round population of people living and/or working in the village, address the need for affordable rental residential options, provide products and services to serve the year-round community and/or increase the consumerbase to support local businesses.

501(c)(3) charity; gifts are tax-deductible.
71¢ of each $1 spent went to programs.
$130K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $553K a year · 48% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$130K
to officers and key staff · 21% of spending
Worth a look: pay to officers and key staff is 21% of spending; over 20%.
Pt VII · Sec A
Cash reserves
22 mo
of spending, in cash
Looks good: 21.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $1.2M
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.0M
10% of total assets
Looks good: liabilities are 10% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.5M
-26% vs prior year
Spent
$624K
To programs
71%
Net assets
$9.7M
By yearFY2020–FY2025
Revenue
$1.5M
FY2021▼ -26%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.1M
FY2021$1.5M
FY2022$160K
FY2023$328K
FY2024$2.7M
FY2025$197K
Expenses
$624K
FY2021▲ +34%
Tap a bar for its year
Expenses by fiscal year
FY2020$464K
FY2021$624K
FY2022$628K
FY2023$652K
FY2024$655K
FY2025$624K
Net assets
$9.7M
FY2021▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2020$8.8M
FY2021$9.7M
FY2022$9.3M
FY2023$8.9M
FY2024$11.0M
FY2025$10.6M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2017.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $442K Management & general 27% · $166K Fundraising 2% · $15K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990; $130K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$129,528Pt VII · Sec A
Director / Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director / Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director / President
$0Pt VII · Sec A

Kathleen Miller’s $148K as Executive Di is at the 90th percentile of top reported officer pay among 1709 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Kathleen Miller$147,667$143,820$139,401$134,070$129,528$127,300

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Combats community deterioration and lessens government burdens in Mount Desert, Maine.

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Provided by the organization

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2 programs · $442K · in their own filed words · FY2021
01

Commercial Revitalization

the Corporation engaged in activities to help promote the restoration and revitalization of the town's commercial district. The Corporation has acquired and developed commercial properties for rental on affordable terms to businesses that will operate year-round and provide products and services to serve the year-round residential…

$367Kprogram expense
02

Residential Revitalization

the Corporation aims to increase the supply of affordable workforce housing to year-round residents while ensuring that such housing will stay affordable in the future, and thus remain workforce housing perpetually.

$75Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$1.2M
See all 3 funders →
Grants paid · 2 grants · $10K · 2022–2022
Little Red Flower Truck LLCFY2022$5,000
Cranberry OystersFY2022$5,000

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.5M
Ln 12
Gifts and grantsLn 1h$1.4M
Fees for servicesLn 2g$59K
Investment incomeLn 3$2K
Money outPt IX
$624K
Ln 25
Programscol B$442K
Managementcol C$166K
Fundraisingcol D$15K
Owns and owesPt X
$9.7M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$10.7M
LiabilitiesLn 26$1.0M
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.4M
Government grantsLn 1e$45K
Noncash giftsLn 1g$200K
Fees for servicesLn 2g$59K
Investment incomeLn 3$2K
Gains on assetsLn 7$1K
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$200
SavingsLn 2$1.1M
Cash and savings togetherLn 1–2$1.1M
Land, buildings, equipmentLn 10c$9.6M
Other assetsLn 15$0
Total assetsLn 16$10.7M
LiabilitiesLn 26$1.0M
Net assetsLn 32$9.7M
OperationsPt I, VI
EmployeesI 52
VolunteersI 69
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$609K$1.1M
Land, buildings, equipmentLn 10c$9.3M$9.6M
Total assetsLn 16$9.9M$10.7M
LiabilitiesLn 26$1.0M$1.0M
Net assetsLn 32$8.8M$9.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$130K$91K$38K$1K
Other salaries and wagesLn 7$110K$77K$24K$9K
Other employee benefitsLn 9$31K$20K$11K$154
Payroll taxesLn 10$19K$12K$6K$97
Legal feesLn 11b$8K$7K$2K
Professional fundraising feesLn 11e$3K$3K
Other fees for servicesLn 11g$38K$38K
Office expensesLn 13$11K$604$9K$911
InterestLn 20$61K$41K$20K
Depreciation, depletion and amortizationLn 22$115K$77K$38K
InsuranceLn 23$42K$23K$18K
Other expenses (24a–d)Ln 24$56K$56K
Total functional expensesLn 25$624K$442K$166K$15K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $197K$624K−$427K$10.6M 990 PDF
FY2024 $2.7M$655K$2.1M$11.0M 990 PDF
FY2023 $328K$652K−$325K$8.9M 990 PDF
FY2022 $160K$628K−$469K$9.3M 990 PDF
FY2021 Viewing $1.5M$624K$886K$9.7M 990 PDF
FY2020 $2.1M$464K$1.6M$8.8M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $1,510,012 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,003,500$1,449,871
I-9 Program service revenuePrior year $21,800$58,595
I-10 Investment incomePrior year −$6,982$1,546
I-11 Other revenuePrior year $35,027$0
I-12 Total revenuePrior year $2,053,345$1,510,012
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $246,988$289,727
I-16a Professional fundraising feesPrior year $2,000$3,212
I-17 Other expensesPrior year $215,094$330,716
I-18 Total expensesPrior year $464,082$623,655
I-19 Revenue less expensesPrior year $1,589,263$886,357
Part VI · Governance 7 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,510,012 across 8 lines filed
VIII-1e Government grants$45,487
VIII-1f All other contributions, gifts and grants$1,404,384
VIII-1g Noncash contributions (included above)$200,000
VIII-1h Total contributions, gifts and grants$1,449,871
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $58,595$58,595
VIII-3 Investment incomeExcluded from tax $338$338
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,208$1,208
VIII-12 Total revenueRelated to mission $58,595 · Unrelated business $0 · Excluded from tax $1,546$1,510,012
Part IX · Statement of functional expenses $623,655 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $90,669 · Management $37,859 · Fundraising $1,000$129,528
IX-7 Other salaries and wagesPrograms $77,321 · Management $23,825 · Fundraising $9,312$110,458
IX-9 Other employee benefitsPrograms $20,019 · Management $10,625 · Fundraising $154$30,798
IX-10 Payroll taxesPrograms $12,403 · Management $6,443 · Fundraising $97$18,943
IX-11b Legal feesPrograms $6,519 · Management $1,630$8,149
IX-11e Professional fundraising feesFundraising $3,212$3,212
IX-11g Other fees for servicesPrograms $38,246$38,246
IX-13 Office expensesPrograms $604 · Management $9,092 · Fundraising $911$10,607
IX-20 InterestPrograms $40,634 · Management $20,317$60,951
IX-22 Depreciation, depletion and amortizationPrograms $76,649 · Management $38,325$114,974
IX-23 InsurancePrograms $23,164 · Management $18,374$41,538
IX-24 Other expenses (24a–d)Programs $56,251$56,251
IX-25 Total functional expensesPrograms $442,479 · Management $166,490 · Fundraising $14,686$623,655
Part X · Balance sheet $10,747,370 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $200$200
X-2 Savings and temporary cash investmentsStart of year $608,578$1,121,563
X-10c Land, buildings and equipment, netStart of year $9,257,818$9,625,607
X-15 Other assetsStart of year $834$0
X-16 Total assetsStart of year $9,867,430$10,747,370
X-25 Other liabilitiesStart of year $4,000$8,723
X-26 Total liabilitiesStart of year $1,029,000$1,022,583
X-27 Net assets without donor restrictionsStart of year $8,838,430$9,724,787
X-32 Total net assets or fund balancesStart of year $8,838,430$9,724,787
X-33 Total liabilities and net assetsStart of year $9,867,430$10,747,370
Part XI · Reconciliation of net assets $9,724,787 net assets at year end
XI-1 Total revenue$1,510,012
XI-2 Total expenses$623,655
XI-3 Revenue less expenses$886,357
XI-4 Net assets at start of year$8,838,430
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$9,724,787

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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