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Island Institute

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

EIN: 222786731 ✦ Rockland, ME ✦ Designated as a 501(c)(3)

Overview

What is Island Institute?

The Island Institute is a nonprofit organization situated in Rockland, Maine, with a postal address at 386 Main Street PO Box 648. Their mission is to uphold the resilience of Maine's coastal and island communities, fostering innovation in the 'blue economy,' critical businesses, and broadband infrastructure. By exchanging ideas both locally and globally, the Institute aims to enhance the sustainability of these communities beyond Maine's shores. The organization employs a team of 69 individuals dedicated to achieving these objectives.


Official website here: www.islandinstitute.org

Is Island Institute legitimate?

Island Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Island Institute 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: $363,313
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,189,638

For more financial information, click here


Official website here: www.islandinstitute.org

What is the mission statement of Island Institute?

The Island Institute's mission is focused on sustaining coastal and island communities. It achieves this by exchanging ideas and experiences, aiming to enhance the sustainability of communities not only in Maine but also beyond. The organization promotes economic resilience through various programs, particularly supporting the blue economy, critical businesses, and improving broadband infrastructure. These efforts aim to preserve and strengthen these communities for a sustainable future.


Official website here: www.islandinstitute.org

Who is the CEO of Island Institute?

Peter Rand is the Chair of Island Institute.


Official website here: www.islandinstitute.org

What is the revenue of Island Institute?

Island Institute's revenue in 2022 was $7,827,911.


Official website here: www.islandinstitute.org

Who are the executives of Island Institute and what are their salaries?

The average compensation at Island Institute during 2022 was $51,492. There are 69 employees and 18 volunteers at Island Institute.

Here are 23 key members and their salaries:

    Robert Beams (Coo)
  • Compensation: $140,305
  • Related: $0
  • Other: $30,961

    • Susan Bernier (Chief Philanthropy & Mktg Officer)
  • Compensation: $142,069
  • Related: $0
  • Other: $8,586

    • Peter Rand (Cfo)
  • Compensation: $121,767
  • Related: $0
  • Other: $16,556

    • Suzanne Macdonald (Chief Community Development Officer)
  • Compensation: $100,982
  • Related: $0
  • Other: $27,277

    • Anthony Chatwin (President)
  • Compensation: $97,469
  • Related: $0
  • Other: $245

    • Emily B Lane (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kristin Howard (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Charles Owen Verrill Jr (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Douglas Henderson (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael P Boyd (Clerk) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sebastian Belle (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Shey Conover (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Cousens (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Megan Mcginnis Dayton (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Felton (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nathan Johnson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bryan Lewis (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Sant (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Barbara Sweet (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kate Vogt (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carol White (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Donna Wiegle (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tom Tinsley (Past Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.islandinstitute.org

    Where can I find the form 990 for Island Institute?

    The Island Institute’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.islandinstitute.org

    Learn more at the official website: www.islandinstitute.org

    Mission Statement of Island Institute

    The Island Institute, a nonprofit organization, is dedicated to preserving the sustainability of coastal and island communities in Maine. Its mission involves not only supporting the well-being of these communities but also sharing ideas and experiences to foster sustainability in similar areas globally. The organization focuses on promoting economic resilience through various programs, including those that bolster the blue economy, critical businesses, and broadband infrastructure. In essence, the Island Institute strives to ensure the long-term viability of coastal and island communities, both in Maine and beyond, by fostering sustainable economic growth and knowledge exchange.

    Impact

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




    Thursday, August 15, 2024

    The Island Institute's impact includes promoting economic resilience in Maine's island and coastal communities through programming supporting the blue economy, critical business, and broadband infrastructure. Their work aims to sustain these communities and exchange ideas and experiences to further their sustainability, not just locally but also with other communities elsewhere.





    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: $1,505,470
  • Program Service Revenue: $222,739
  • Gross Receipts: $12,654,066

    • Assets and Liabilities:
  • Total Assets: $34,942,404
  • Total Liabilities: $906,213
  • Net Assets: $34,036,191
  • Programs

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

    Earned Income

    Revenue

    $105,538

    Publications/Information

    Revenue

    $59,145

    Other Income

    Revenue

    $58,056

    Organization Details

    Founding Year

    1983

    Principal Officer

    Peter Rand

    Main Address

    386 Main Street PO Box 648, Rockland, ME, 04841

    NTEE Category

    Code: B82Z - Education

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