Hogfish Maine

Nonprofit profile at a glance

EIN
843984774
IRS 990 coverage
2023–2024
Forms available
Form 990 2024, Form 990-EZ 2022, Form 990-N 2020
Location
Cape Elizabeth, ME, USA
Phone
2072001339
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Arts Education

Official website

Reported finances

Revenue
$340,928
Expenses
$375,461
Assets
$35,838
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • Edwin Cahill (President/Treasurer)
  • Matthew Cahill (Vice President)
  • Sarah Goodwin (Executive Director)

Highest reported compensation

  • Edwin Cahill (President/Treasurer): $11,064 total reported compensation
  • Matthew Cahill (Vice President): $11,064 total reported compensation
  • Sarah Goodwin (Executive Director): $3,570 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Hogfish is a regenerative arts production company and artist residency at the historic Beckett Castle, surrounded by an internationally recognized rose garden on the coast of Maine. We are building an artistic sanctuary and body of work dedicated to restoring creative and physical health to individuals, our communities, and our earth. Hogfish believes that applying the principles of regenerative agriculture to the arts provides a unique opportunity to holistically restore every layer of the human experience. We are on a quest to build an artistic sanctuary and body of work to restore a healthier dynamic balance between our planet, the stories we tell, and the way we live.

What it reported doing in 2024

Hogfish Maine's work consists of two core programs that are intrinsically connected: Regenerative Arts Residencies and Regenerative Works.Regenerative Arts Residencies: We are creating a holistic retreat for performing artists to connect with themselves, their community, and the land to regenerate their creative fire and change the world. We seek to empower and commission the next generation of diverse artistic voices across disciplines to tell stories that regenerate creative and physical health to their bodies, their communities, and their planet. The residency makes ample time for artists to connect to their own creative fire as well as the beautiful landscape of Maine. Each week will offer time for individual artists to work on their own projects in addition to group rehearsal, scenic walks in the glory of Maine nature in summer, time in the Beckett Castle rose garden and by the ocean, as well as company class in regenerative arts techniques including mindfulness, ecology, Alexander Technique, and more.Regenerative Works: Like our namesake Hogfish, we seek to balance forms of performance - creating both whole group and individual regenerative works. Artists-in-residence are cast to fulfill the needs of and devise together the summer's flagship production. Artists are also asked to bring a personal regenerative project that they will work on during their residency. Every effort will be made to pair artists-in-residence together for whom it would be mutually beneficial to work on each other's projects. These personal projects will be presented on our Farm to Stage series across Southern Maine with a chance for audience talk backs to help further develop your work.

Operating model

Revenue model
Donor-supported. 82% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 89% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 76
  • Transparency & Controls: 84
  • Accountability: 74
  • Sustainability: 25
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 88.4%; rating input score 88
  • Program expense ratio: 80.2%; rating input score 80
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90%; rating input score 90; 9th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 84.4%; rating input score 84; 50th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 3 of 8 controls in place; rating input score 38
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -10.1%; rating input score 22; 22nd percentile among comparable filings
  • Total-asset coverage ratio: 0.1; rating input score 6; 6th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
  • Officer compensation ratio: 6.8%; rating input score 31; 31st percentile among comparable filings

Growth

  • Program expense growth: 20.4% per year; rating input score 100; 85th percentile among comparable filings
  • Revenue growth: 42.1% per year; rating input score 100; 96th percentile among comparable filings
  • Asset growth: -59% per year; rating input score 0; 1st percentile among comparable filings

Details

  • Where the money goes: 88.4% of revenue deployed · 80.2% of spending went to programs
  • Governance: 3 of 3 board members independent · 3 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $301K in reported program spending
  • Leadership: top reported pay $11K · 4 people listed
  • Consistency: 18 of 19 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules · includes major donors and grants
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Accountability: Governance controls: 4 of 7 not reported.
  • High — Sustainability: Operating margin scored 22/100.
  • High — Sustainability: Total-asset coverage ratio scored 6/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Moderate — Sustainability: Officer compensation ratio scored 31/100.