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Block Island Maritime Funding Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 050507802 ✦ Falmouth, ME ✦ Designated as a 501(c)(3)

Overview

What is Block Island Maritime Funding Inc?

Block Island Maritime Funding Inc is a small nonprofit organization based in Falmouth, Maine. Their primary focus is on supporting educational programs related to marine activities, particularly youth sailing initiatives. They accomplish this by contributing to organizations such as Atlantic Challenge Foundation and Piers Island Maritime Institute. The organization's mission is to foster the growth and development of young individuals through engaging marine programs, providing them with valuable experiences and learning opportunities. With a team of three dedicated individuals, Block Island Maritime Funding Inc is committed to making a positive impact in the marine education sector.


Official website here: www.maritimefunding.com

Is Block Island Maritime Funding Inc legitimate?

Block Island Maritime Funding Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Block Island Maritime Funding Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $111,689
Professional Fundraising Fees: $0
Other Salaries and Wages: $27,880

For more financial information, click here


Official website here: www.maritimefunding.com

What is the mission statement of Block Island Maritime Funding Inc?

Block Island Maritime Funding Inc's mission is centered around supporting youth sailing programs. They accomplish this objective through partnerships with organizations such as the Atlantic Challenge Foundation and Piers Island Maritime Institute. The primary aim of these collaborations is to promote the educational growth of children in various marine-related programs. By providing resources and support to these initiatives, Block Island Maritime Funding Inc contributes to the development of young sailors and fosters a deeper appreciation for marine environments.


Official website here: www.maritimefunding.com

Who is the CEO of Block Island Maritime Funding Inc?

Richard T Harris is the President of Block Island Maritime Funding Inc.


Official website here: www.maritimefunding.com

What is the revenue of Block Island Maritime Funding Inc?

Block Island Maritime Funding Inc's revenue in 2022 was $1,093,821.


Official website here: www.maritimefunding.com

Who are the executives of Block Island Maritime Funding Inc and what are their salaries?

The average compensation at Block Island Maritime Funding Inc during 2022 was $46,523. There are 3 employees at Block Island Maritime Funding Inc.

Here are 3 key members and their salaries:

    Richard T Harris (President) [Trustee/Director]
  • Compensation: $74,002
  • Related: $0
  • Other: $6,288

    • Linda Harris (Secretary) [Trustee/Director]
  • Compensation: $31,400
  • Related: $0
  • Other: $0

    • Nathaniel Harris (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.maritimefunding.com

    Where can I find the form 990 for Block Island Maritime Funding Inc?

    The Block Island Maritime Funding Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.maritimefunding.com

    Learn more at the official website: www.maritimefunding.com

    Mission Statement of Block Island Maritime Funding Inc

    Block Island Maritime Funding Inc, as its mission states, plays a crucial role in supporting youth sailing programs. It accomplishes this objective through its partnerships with the Atlantic Challenge Foundation and Piers Island Maritime Institute. The nonprofit organization's mission is to promote the education of children in various marine programs, thereby encouraging their interest and development in sailing activities. By collaborating with these organizations, Block Island Maritime Funding Inc contributes to the growth and learning of young sailors, providing them with a unique and enriching experience.

    Impact

    This information is meant to be a general summary of Block Island Maritime Funding Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Block Island Maritime Funding Inc's impact is significant in supporting youth sailing programs. Through its support of programs promoting the education of children in various marine activities, the organization plays a crucial role in fostering youth development in the maritime industry. Its focus on supporting youth sailing programs through the Atlantic Challenge Foundation and Piers Island Maritime Institute in Falmouth, ME, demonstrates a commitment to providing opportunities for young individuals to learn, grow, and succeed in the field of sailing.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $-112,042
  • Program Service Revenue: $700,363
  • Gross Receipts: $1,391,479

    • Assets and Liabilities:
  • Total Assets: $1,778,340
  • Total Liabilities: $242,181
  • Net Assets: $1,536,159
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    CHARTER INCOME

    Revenue

    $700,363

    Organization Details

    Founding Year

    2001

    Principal Officer

    Richard T Harris

    Main Address

    PO BOX 66744, FALMOUTH, ME, 04105

    NTEE Category

    Code: O50 - Youth development

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