Islesboro Historical Society Inc
Nonprofit profile at a glance
- EIN
- 010316968
- IRS 990 coverage
- 2014–2024
- Forms available
- Form 990 2024, Form 990-EZ 2017, Form 990-N 2010
- Location
- Islesboro, ME, USA
- Phone
- 2077346733
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $102,286
- Expenses
- $54,020
- Assets
- $633,827
- Liabilities
- $307
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
18 people listed
Executive titles in this filing
- Edwin Pendleton (President)
People named in this filing
- Richard De Grasse (Director)
- Patrick O' Bannon (Director)
- Majorie King (Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To bring together people interested in the history of Islesboro, for the purpose of collecting, preserving, presenting and promoting materials related to the history of the town and its place in local, regional, and national history. Materials include printed and manuscript documents and records, paintings, photographs, maps, objects, artifacts and buildings associated with the history of Islesboro and its residents.The Society also seeks to preserve, promote and interpret and sustain the culture of Islesboro and its residents, by hosting, sponsoring, and supporting activities and events that celebrate and sustain that culture in all its various forms.
What it reported doing in 2024
Historical Society Meetings, Lectures, Museum Public Exhibitions, Publications, Genealogy and Collections: Public exhibitions and programs are carried out in the Historical Society building and in the museum. In 2024, there were three evening educational programs. One was a presentation by Michael Mann entitled, "The History of Climate Change the second was a presentation by Taury Smith entitled, "Islesboro Rocks" concerning the geology of Islesboro; the third was a program presented by Tilley Laskey entitled, "Rose Cleveland's 700-Acre Model Farm". There were also three outdoor walking tours which covered the history of different areas of the Island. There were art shows in July & August, which generated significant revenue, an outdoor arts and crafts show featuring Island artisans, and an "Evening with Island Elders" at which four Island seniors spoke about their experiences on the Island and answered questions. The Historical Society also held its annual talent show in 2024.Of course, the Historical Society also regularly maintains, runs and adds to the collection in its museum, and maintains an extensive genealogy database.The Historical Society also publishes and sells several books on the Island's history. Finally, an active program is conducted in the Society's Genealogy and Collections Department, and an active program is conducted to engage the students of the Islesboro Central School in learning the Island's history.
Operating model
- Revenue model
- Donor-supported. 66% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 95% 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 - The filed numbers largely add up and most voting board members are independent. A relatively small share of total spending goes to programs and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 56
- Transparency & Controls: 90
- Accountability: 64
- Sustainability: 85
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 66.8%; rating input score 67
- Program expense ratio: 41%; rating input score 41
- Fundraising efficiency: $11.13 raised per $1 spent on fundraising; rating input score 42; 42nd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 1 of 7 controls in place; rating input score 14
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- 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: 47.2%; rating input score 91; 91st percentile among comparable filings
- Total-asset coverage ratio: 11.73; rating input score 91; 91st percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 58; 58th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: 1.6% per year; rating input score 100; 37th percentile among comparable filings
- Revenue growth: 2.5% per year; rating input score 100; 38th percentile among comparable filings
- Asset growth: 6.8% per year; rating input score 100; 55th percentile among comparable filings
Details
- Where the money goes: 66.8% of revenue deployed · 41% of spending went to programs
- Governance: 18 of 18 board members independent · 1 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $22K in reported program spending
- Leadership: top reported pay $0 · 18 people listed
- Consistency: 23 of 23 current checks pass
- Schedules: 3 filed schedules
- Filing history: 7 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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 — Financial Efficiency: Program expense ratio scored 41/100.
- High — Accountability: Governance controls: 5 of 6 not reported.
- Moderate — Financial Efficiency: Fundraising efficiency scored 42/100.
- Review — Sustainability: Liabilities to assets ratio scored 58/100.