2024-02-07T09:35:30-06:00 2023-06-30 010523282 Berry Dunn McNeil & Parker LLC 2211 Congress St Portland ME 04102 990 2022-07-01 222786731 Island Institute ISLA 2075949209 386 Main Street PO Box 648 Rockland ME 04841 Peter Rand Chief Financial Officer 2075949209 2024-02-02 1 Peter Rand 999009999 1 Joseph R Byrne P01289281 2077752387 2024-02-02 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Peter Rand 386 Main Street PO Box 648 Rockland ME 04841 36643086 0 X www.islandinstitute.org X 1983 ME The Island Institute works to sustain Maine's island and coastal communities, and exchange ideas here and elsewhere. 17 17 83 17 51648 0 5826528 6879028 222739 257301 1505470 3947132 273174 250036 7827911 11333497 709085 1524665 0 0 4292960 5096624 0 0 970978 2179345 2334428 7181390 8955717 646521 2377780 34942404 36646542 906213 1002280 34036191 35644262 The Island Institute works to sustain Maine's island and coastal communities, and exchanges ideas and experiences to further the sustainability of communities here and elsewhere. 0 0 3199243 1079070 261193 Promoting economic resilience through programming which supports the blue economy, critical business, broadband infrastructure and the creative economy. Also, promoting climate resilience through programming which supports clean energy and sea level rise resiliency. 1508215 273790 123134 Promoting brand awareness and centralized organizational resources which support marketing and events, the Working Waterfront newspaper, the Island Journal magazine, Glenn Fund, and policy analysis. 1506705 171805 123010 Promoting social resilience through programming which supports community leadership, island communities, workforce, and through the Island Fellows program. 6214163 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 59 0 1 83 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 ME X X Peter Rand 2075949209 386 Main Street PO Box 648 Rockland ME 04841 Kristin Howard Chair 2.00 0.00 X X 0 0 0 Douglas Henderson Vice Chair 2.00 0.00 X X 0 0 0 Kate Vogt Treasurer 1.00 0.00 X X 0 0 0 Charles Owen Verrill Jr Secretary 2.00 0.00 X X 0 0 0 Michael P Boyd Clerk 1.00 0.00 X X 0 0 0 Sebastian Belle Trustee 1.00 0.00 X 0 0 0 Shey Conover Trustee 1.00 0.00 X 0 0 0 David Cousens Trustee 1.00 0.00 X 0 0 0 Megan McGinnis Dayton Trustee 1.00 0.00 X 0 0 0 Michael Felton Trustee 1.00 0.00 X 0 0 0 Nathan Johnson Trustee 1.00 0.00 X 0 0 0 Emily B Lane Trustee 2.00 0.00 X 0 0 0 Bryan Lewis Trustee 1.00 0.00 X 0 0 0 Michael Sant Trustee 1.00 0.00 X 0 0 0 Barbara Sweet Trustee 1.00 0.00 X 0 0 0 Carol White Trustee 1.00 0.00 X 0 0 0 Donna Wiegle Trustee 1.00 0.00 X 0 0 0 Kimberly Hamilton President 40.00 0.00 X 37856 0 1402 Peter Rand Chief Financial Officer 40.00 0.00 X 151061 0 21866 Anthony Chatwin Past President 40.00 0.00 X 235535 0 699 Susan Bernier Chief Philanthropy Officer 40.00 0.00 X 166781 0 10075 Nicholas Battista Chief Policy Officer 40.00 0.00 X 114551 0 15432 705784 0 49474 4 0 1 0 KMA Consulting LLC 251 US Route One Falmouth ME 04105 HR Consulting 202541 2 1756863 428020 4694145 27920 6879028 Earned Income 900099 154613 154613 Publications/Information 541800 51648 51648 Other Income 900099 51040 51040 257301 688197 688197 28211683 24952748 3258935 3258935 3258935 606877 356841 250036 250036 11333497 455689 51648 3947132 1307002 1307002 217663 217663 490044 59465 334220 96359 3735790 2738218 414941 582631 137372 98106 20808 18458 430204 293376 70350 66478 303214 201735 53156 48323 23764 5506 18258 37118 37118 21395 21395 126446 126446 438393 272127 156483 9783 53593 53593 195971 137176 28739 30056 330190 73952 238809 17429 226605 104747 121858 108339 72796 16939 18604 106239 52127 35764 18348 99259 61369 27603 10287 28453 300 28153 Equipment Cost & Misc. 292958 268704 11070 13184 Pulications 230652 190600 234 39818 Employee Training & Dev 15053 5601 8232 1220 8955717 6214163 1770576 970978 X 44515 50029 1716586 2866316 1339514 717673 52040 88377 1016765 51700 256149 299624 142313 152006 3350401 2417172 918631 933229 26736340 28697582 94557 94557 0 51386 2624994 2644063 34942404 36646542 794846 827298 11367 23596 100000 100000 0 51386 906213 1002280 X 14455727 16707259 19580464 18937003 34036191 35644262 34942404 36646542 X 2377780 -791148 21439 X 0 1 X 1 0 X 3443968 4071653 6057758 5826528 2879028 22278935 3443968 4071653 6057758 5826528 2879028 22278935 2861098 19417837 549262 614355 525560 831463 688197 3208837 25487772 2324283 0.76180 0.74620 X Schedule A, Part VI, List of Unusual Grants: Description: Cash Contribution Date: 06/30/23 Amount: 4000000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 21395 21395 8934322 8955717 597786 149447 0 0 476856 520087 508920 597786 2103649 3155474 97381 48761 16207 21395 183744 119214 130022 127230 149447 525913 788870 26762060 4160000 2918954 5163497 28677517 30987978 694333 -3830875 1089376 26762060 24361595 1153458 6502544 1029619 30987978 22925444 2039990 382516 986355 24361595 21999738 803396 1032380 910070 22925444 0.46101 0.44202 0.09697 0 0 85919 85919 2175689 1352058 823631 1011875 988196 23679 76918 76918 0 933229 Beneficial Interest in Perpetual Trust 1909132 Cash Surrender Value of Life Insurance Policy 530203 Section 457(b) Retirement Plan Assets 179303 Other Assets 25425 2644063 Operating Lease Liabilities 51386 51386 X 10800183 -791148 6000 378280 -406868 11207051 126446 126446 11333497 9192112 6000 356841 362841 8829271 126446 126446 8955717 Part V, Line 4: The purpose of the Organization's endowment funds is to provide investment income and gains to further various activities of the Institution. Part X, Line 2: The Institute is exempt from income tax under Section 501(c)(3) of the Internal Revenue Code (the Code). In addition, the Institute qualifies for the charitable contribution deduction under Section 170(b)(1)(A) and has been classified as an organization other than a private foundation under Section 509(a)(2) of the Code. U.S. generally accepted accounting principles (U.S. GAAP) require management to evaluate tax positions taken by the Institute and recognize a liability if the Institute has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service and state taxing authorities. The Institute is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Part XI, Line 2d - Other Adjustments: Change in Beneficial Interest in Perpetual Trust 21,439. Cost of Goods Sold 356,841. Part XII, Line 2d - Other Adjustments: Cost of Goods Sold 356,841. 1 Luke's Lobster Holding LLC 84 Industrial Park Rd Saco ME 04072 383977756 1000000 0 Sustainable Seafood Luke's Lobster Holding LLC 84 Industrial Park Rd Saco ME 04072 383977756 54070 0 Lift all Boats Monhegan Plantation PO Box 332 Monhegan ME 04852 010280086 Government 15000 0 Broadband Planning Town of Isle au Haut PO Box 71 Isle au Haut ME 04645 016000213 Government 15000 0 Broadband Planning Town of Frenchboro 1 Executive Dr Frenchboro ME 04635 016000479 Government 14000 0 ShoreUp Sea Level Rise Resiliency Long Island Civic Association PO Box 307 Long Island ME 04050 010317771 501(c)(3) 10000 0 ShoreUp Sea Level Rise Resiliency Town of North Haven PO Box 400 North Haven ME 04853 016000299 Government 10000 0 ShoreUp Sea Level Rise Resiliency Town of Phippsburg 1042 Main Rd Phippsburg ME 04562 016000330 Government 10000 0 ShoreUp Sea Level Rise Resiliency Town of Roque Bluffs 3 Roque Bluffs Rd Roque Bluffs ME 04654 016003490 Government 10000 0 Broadband Planning Town of Brooksville PO Box 314 Brooksville ME 04617 016000086 Government 10000 0 ShoreUp Sea Level Rise Resiliency Town of Damariscotta 21 School St Damariscotta ME 04543 016000131 Government 9995 0 ShoreUp Sea Level Rise Resiliency Town of Gouldsboro PO Box 68 Prospect Harbor ME 04669 016000180 Government 8957 0 ShoreUp Sea Level Rise Resiliency Hancock County Planning Commission 395 State St Ellsworth ME 04605 010310087 501(c)(3) 8000 0 Broadband Partner Stipend National Audubon Society Inc 12 Audubon Rd Bremen ME 04551 131624102 501(c)(3) 8000 0 Spark! Energy Efficiency Town of Chebeague Island 192 North Rd Chebeague Island ME 04107 208781272 Government 7700 0 ShoreUp Sea Level Rise Resiliency Hancock County Planning Commission 395 State St Ellsworth ME 04605 010310087 501(c)(3) 6500 0 Broadband Planning Midcoast Council of Governments 165 Main St Suite F Damariscotta ME 04543 010542494 501(c)(3) 6000 0 Broadband Partner Stipend City of Eastport 22 Washington St Eastport ME 04631 016000026 Government 5500 0 Broadband Planning 15 1 Geiger Scholarships 22 70805 Enrichment and travel scholarships Scholarships 34 70000 Tuition support at college/university Business Resilience Grants 14 34858 Grants to small businesses COMPASS Workforce Grants 15 27000 Workforce grants to individuals Spark! Energy Efficiency 3 15000 Spark! Energy Efficiency Part I, Line 2: Grants and scholarship funds are monitored through continued relationships with the recipients. X 0 0 X X X 1 0 0 0 0 0 0 1 0 Anthony Chatwin Past President 154679 0 0 0 80856 0 0 0 699 0 236234 0 0 0 Susan Bernier Chief Philanthropy Officer 151781 0 15000 0 0 0 10003 0 72 0 176856 0 0 0 Peter Rand Chief Financial Officer 136061 0 15000 0 0 0 9147 0 12719 0 172927 0 0 0 Part I, Line 1b The organization provided a taxable housing allowance to Kim Hamilton as President. The housing allowance was included in her offer of employment and is not part of an organizational policy. Part I, Line 4a Anthony Chatwin, Past President received a severance payment of $60,642 from the Organization during calendar year 2022. His severance payment was included in his 2022 W-2 Box 5. Part I, Line 7 Discretionary bonuses were authorized for members of the senior leadership team in June 2022, in recognition of organizational and individual performance. X 4 27920 Stock Market Value 0 0 1 0 Form 990, Part VI, Section B, line 11b The Board of Trustees has delegated the detail review of the draft Form 990 prepared by independent accountants to their Finance committee. The Finance Committee and management reviews the 990, and prior to submission, a public inspection copy of the Form 990 is provided to the entire Board of Trustees. Form 990, Part VI, Section B, line 12c The Organization monitors compliance with its conflict of interest policy through ongoing communication with members of the board of trustees throughout the year. Form 990, Part VI, Section B, line 15 The Executive Committee of the board is empowered to undertake all trustee matters, including a review of the president's performance. They meet with the president and go over their formal evaluation. The entire board in executive session reviews the outcome of that meeting and then votes on the president's compensation, taking into account comparable compensation data obtained for other similar organizations. The president, with input from this committee, then determines compensation for other senior management staff. These deliberations and decisions are documented in meeting minutes and in budget materials. Form 990, Part VI, Section C, line 19 The organization makes these documents available upon request. Form 990, Part X, Line 10: Land, Buildings, and Equipment Section 1.263(a)-3(n) Election: Island Institute 386 Main Street, PO Box 648 Rockland, ME 04841 EIN: 22-2786731 Section 1.263(a)-3(n) Election: Island Institute is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n). Form 990, Part XI, line 9: Change in Beneficial Interest in Perpetual Trust 21,439. Davis Conservation Foundation 30 Forest Falls Dr STE 5 Yarmouth ME 04096 222976811 Awards Grants ME 501(c)(3) Line 12a, I N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0