Ocean Point Colony Trust Inc

Nonprofit profile at a glance

EIN
237185846
IRS 990 coverage
2020–2025
Forms available
Form 990 2025
Location
East Boothbay, ME, USA
Phone
2076332321
Rating
82
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$82,806
Expenses
$115,458
Assets
$1,484,828
Liabilities
$3,000

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • Kelly Robbins (President)
  • Virginia Yerrall (Vice President)

People named in this filing

  • Kelly Robbins (President)
  • Barbara Klein (Treasurer)
  • Virginia Yerrall (Vice President)

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 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organization is dedicated to the responsible stewardship of properties and resources for public use and creating programs and activities at Ocean Point, Maine for the enjoyment of all.

What it reported doing in 2025

The Ocean Point Colony Trust ("OPCT") is dedicated to the responsible stewardship of properties and resources for public use and creating programs and activities at Ocean Point, Maine for the enjoyment of all. During the year ended December 31, 2025 the OPCT allowed public access to all of its properties. Presently, the OPCT preserves and maintains over 14 acres of land, the majority of which is in a "forever wild" state. Included in its holdings are woodlands, a playground, ballfields, tennis courts, a casino building, a beach and parking area, and 1000 feet of ocean frontage which the OPCT has protected from development. Countless thousands of visitors to the Boothbay Region of Maine as well as local citizenry enjoy these properties at no charge. During the year the OPCT continued its woodlot management program and development of a planned trail system for hikers of all ages and abilities. In addition to fulfilling its primary mission of responsible stewardship, the OPCT provided (A) athletic activities for young children through teens including soccer, softball, volleyball, tennis, capture the flag and kickball, (B) tennis lessons from the beginner level to the intermediate level, tennis clinics and fielded a tennis team, (C) arts and crafts workshops for children, (D) reading programs, including an afternoon story hour for children and a lending library, (E) social and dining activities for people of all ages including taco Tuesday, pasta dinners, ice cream socials, pancake breakfasts, ball game cookouts and a road race (F) encouragement and opportunities to young people to participate in activities that develop a sense of camaraderie and volunteerism such as fund raising events for other non-profit organizations and maintaining the OPCT's properties.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 94% 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

STRONG - 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 revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 94
  • Transparency & Controls: 90
  • Accountability: 64
  • Sustainability: 44
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 91.3%; rating input score 91
  • Fundraising efficiency: $24.64 raised per $1 spent on fundraising; rating input score 69; 69th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd 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; 64th 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: -39.4%; rating input score 28; 28th percentile among comparable filings
  • Total-asset coverage ratio: 12.86; rating input score 71; 71st percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 27; 27th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 58; 58th percentile among comparable filings

Growth

  • Program expense growth: 10.9% per year; rating input score 100; 74th percentile among comparable filings
  • Revenue growth: -26.8% per year; rating input score 0; 15th percentile among comparable filings
  • Asset growth: -0.4% per year; rating input score 0; 34th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 91.3% of spending went to programs
  • Governance: 10 of 10 board members independent · 1 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $105K in reported program spending
  • Leadership: top reported pay $0 · 10 people listed
  • Consistency: 25 of 25 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 6 filing years from 2020 to 2025
  • Contacts: How to reach this organization
  • 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.

  • High — Accountability: Governance controls: 5 of 6 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 28/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 27/100.
  • Review — Sustainability: Officer compensation ratio scored 58/100.