Nonprofit · EIN 22-2786731
ISLAND INSTITUTE
Tax-exempt · ROCKLAND, ME 04841
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $10,979,742 | $9,688,901 | $1,290,841 | $41,936,593 | $945,157 | $40,991,436 |
| June 30, 2024 | 990 | $7,730,757 | $9,092,114 | -$1,361,357 | $38,393,601 | $1,055,661 | $37,337,940 |
| June 30, 2023 | 990 | $11,333,497 | $8,955,717 | $2,377,780 | $36,646,542 | $1,002,280 | $35,644,262 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $8,684,910
- of which government grants
- $1,711,480
- Membership dues
- $1,903,184
- Program service revenue
- $264,097
- Investment income
- $1,714,120
- Net gain from sales of assets
- $704,583
- Net income from sales of inventory
- $316,615
- Other revenue
- $316,615
Expenses
- Grants and similar amounts paid
- $704,475
- Compensation of officers, directors and key employees
- $632,832
- Other salaries and wages
- $4,946,138
- Salaries, compensation and benefits (total)
- $6,701,027
- Professional fundraising fees
- $0
- Legal fees
- $5,285
- Accounting fees
- $33,600
- Occupancy
- $231,276
- Travel
- $119,608
- Depreciation
- $96,281
- Program services (functional)
- $6,744,331
- Management and general (functional)
- $1,780,062
- Fundraising (functional)
- $1,164,508
Balance sheet and other
- Total assets, start of year
- $38,393,601
- Total assets, end of year
- $41,936,593
- Total liabilities, end of year
- $945,157
- Net assets, end of year
- $40,991,436
- Land, buildings and equipment
- $777,026
- Publicly traded securities
- $31,944,428
- Net assets without donor restrictions
- $16,736,004
- Net assets with donor restrictions
- $24,255,432
- Gross unrelated business income
- $44,231
- Gross receipts
- $17,456,788
- Employees
- 79
- Volunteers
- 19
- Year formed
- 1983
- State of legal domicile
- ME
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Kimberly Hamilton | President Officer | 40 | $326,904 | $31,388 |
| Peter Rand | Past CFO/Current COO Officer | 40 | $185,767 | $33,357 |
| Susan Bernier | Chief Mkting & Philanthropy Officer Highest-paid employee | 40 | $182,878 | $10,968 |
| Jacqueline Little | Chief People and Culture Officer Highest-paid employee | 40 | $147,934 | $39,896 |
| Jennifer Seavey | Chief Programs Officer Highest-paid employee | 40 | $171,187 | $14,362 |
| Nicholas Battista | Chief Policy Officer Highest-paid employee | 40 | $144,352 | $19,977 |
| Alexander Kravitz | Dir., Program Impact and Glenn Fund Highest-paid employee | 40 | $109,870 | $14,772 |
| Peter King | Chief Financial Officer Officer | 40 | $99,726 | $15,362 |
| Kristin Howard | Chair Trustee or director, Officer | 2 | $0 | $0 |
| Douglas Henderson | Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| Kathrine Vogt | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Bryan Lewis | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Sebastian Belle | Trustee Trustee or director | 1 | $0 | $0 |
| John Conley | Trustee Trustee or director | 1 | $0 | $0 |
| Shey Conover | Trustee Trustee or director | 1 | $0 | $0 |
13 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| David Cousens | Trustee Trustee or director | 1 | $0 |
| Michael Felton | Trustee Trustee or director | 1 | $0 |
| Desmond Fitzgerald | Trustee Trustee or director | 1 | $0 |
| Christie Hallowell | Trustee Trustee or director | 1 | $0 |
| Nadia Rosenthal | Trustee Trustee or director | 1 | $0 |
| Michael Sant | Trustee Trustee or director | 1 | $0 |
| Michael Steinharter | Trustee Trustee or director | 1 | $0 |
| Carol White | Trustee Trustee or director | 1 | $0 |
| Megan Dayton | Past Trustee Trustee or director | 1 | $0 |
| Nathan Johnson | Past Trustee Trustee or director | 1 | $0 |
| Emily Lane | Past Trustee Trustee or director | 1 | $0 |
| Donna Weigle | Past Trustee Trustee or director | 1 | $0 |
| Michael P Boyd | Clerk Officer | 1 | $0 |
990 for the year ended June 30, 2024: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Kimberly Hamilton | President Officer | 40 | $265,623 | $13,740 |
| Peter Rand | Chief Financial Officer Officer | 40 | $158,230 | $31,653 |
| Susan Bernier | Chief Philanthropy Officer Highest-paid employee | 40 | $163,406 | $9,780 |
| Jacqueline Little | Chief Human Resources Officer Highest-paid employee | 40 | $123,952 | $33,428 |
| Nicholas Battista | Chief Policy Officer Highest-paid employee | 40 | $123,497 | $18,257 |
| Kristin Howard | Chair Trustee or director, Officer | 2 | $0 | $0 |
| Douglas Henderson | Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| Kate Vogt | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Shey Conover | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Michael P Boyd | Clerk Trustee or director, Officer | 1 | $0 | $0 |
| Sebastian Belle | Trustee Trustee or director | 1 | $0 | $0 |
| David Cousens | Trustee Trustee or director | 1 | $0 | $0 |
| Megan McGinnis Dayton | Trustee Trustee or director | 1 | $0 | $0 |
| Michael Felton | Trustee Trustee or director | 1 | $0 | $0 |
| Nathan Johnson | Trustee Trustee or director | 1 | $0 | $0 |
| Emily B Lane | Trustee Trustee or director | 1 | $0 | $0 |
| Bryan Lewis | Trustee Trustee or director | 1 | $0 | $0 |
| Michael Sant | Trustee Trustee or director | 1 | $0 | $0 |
| Michael Steinharter | Trustee Trustee or director | 1 | $0 | $0 |
| Carol White | Trustee Trustee or director | 1 | $0 | $0 |
| Donna Wiegle | Trustee Trustee or director | 1 | $0 | $0 |
| Charles Owen Verrill Jr | Past Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Barbara Sweet | Past Trustee Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Anthony Chatwin | Past President Officer | 40 | $235,535 | $699 |
| Susan Bernier | Chief Philanthropy Officer Highest-paid employee | 40 | $166,781 | $10,075 |
| Peter Rand | Chief Financial Officer Officer | 40 | $151,061 | $21,866 |
| Nicholas Battista | Chief Policy Officer Highest-paid employee | 40 | $114,551 | $15,432 |
| Kimberly Hamilton | President Officer | 40 | $37,856 | $1,402 |
| Kristin Howard | Chair Trustee or director, Officer | 2 | $0 | $0 |
| Douglas Henderson | Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| Kate Vogt | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Charles Owen Verrill Jr | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Michael P Boyd | Clerk Trustee or director, Officer | 1 | $0 | $0 |
| Sebastian Belle | Trustee Trustee or director | 1 | $0 | $0 |
| Shey Conover | Trustee Trustee or director | 1 | $0 | $0 |
| David Cousens | Trustee Trustee or director | 1 | $0 | $0 |
| Megan McGinnis Dayton | Trustee Trustee or director | 1 | $0 | $0 |
| Michael Felton | Trustee Trustee or director | 1 | $0 | $0 |
| Nathan Johnson | Trustee Trustee or director | 1 | $0 | $0 |
| Emily B Lane | Trustee Trustee or director | 2 | $0 | $0 |
| Bryan Lewis | Trustee Trustee or director | 1 | $0 | $0 |
| Michael Sant | Trustee Trustee or director | 1 | $0 | $0 |
| Barbara Sweet | Trustee Trustee or director | 1 | $0 | $0 |
| Carol White | Trustee Trustee or director | 1 | $0 | $0 |
| Donna Wiegle | Trustee Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 386 MAIN ST, ROCKLAND, ME 04841-3345
- Principal officer (990 for 2024)
- Kimberly Hamilton, 386 Main Street PO Box 648, Rockland, ME 04841
- Signed the 990
- Peter King, Chief Financial Officer
- Phone
- (207) 594-9209
- Website
- www.islandinstitute.org
- Return prepared by
- Berry Dunn McNeil & Parker LLC
Mission
We boldly navigate climate and economic change with island and coastal communities to expand opportunities and deliver solutions.
Program accomplishments
- Creating a diversified, climate-forward marine economy, by investing in clean marine energy solutions, working waterfront protection efforts, support of sustainable seafood, and collaboration with scientists, policymakers, community leaders and industry experts to address challenges to the lobster industry.Expenses $1,721,984 · grants $222,311 · revenue $67,430
- Building climate resilience by helping communities adapt in the face of rising seas, warming waters and ocean acidification.Expenses $927,114 · grants $43,729 · revenue $36,304
- Cultivating community-led solutions through the Island Fellows program, grants, scholarships, education, and workforce pathways experiences.Expenses $1,669,793 · grants $193,235 · revenue $65,386
- Ancillary programmatic support.Expenses $2,425,440 · grants $245,200 · revenue $94,977
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 22-2786731
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1987
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82Z)
- Assets (IRS master file)
- $41,936,593
- Income (IRS master file)
- $17,456,788
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $10,979,742 | $9,688,901 | $41,936,593 | XML |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $7,730,757 | $9,092,114 | $38,393,601 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $11,333,497 | $8,955,717 | $36,646,542 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $7,827,911 | $7,181,390 | $34,942,404 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-2786731).
Questions about ISLAND INSTITUTE
- What is the EIN of ISLAND INSTITUTE?
- The employer identification number (EIN) of ISLAND INSTITUTE is 22-2786731.
- Is ISLAND INSTITUTE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
- Are donations to ISLAND INSTITUTE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ISLAND INSTITUTE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ISLAND INSTITUTE due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ISLAND INSTITUTE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of ISLAND INSTITUTE?
- The 990 for the year ended June 30, 2025 names Kimberly Hamilton.
- Who are the officers and directors of ISLAND INSTITUTE?
- The 990 for the year ended June 30, 2025 lists 28 people; 8 received compensation from the organization, the highest $326,904 (Kimberly Hamilton, President).
- How much revenue does ISLAND INSTITUTE have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $10,979,742, expenses of $9,688,901 and total assets of $41,936,593 at year end.
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- TGS FOUNDATION EIN 93-4514691 · last filed 990 for 2024
- FRIENDS OF ROCKLAND PUBLIC LIBRARY EIN 01-0478564 · last filed 990 for 2025
- MIDCOAST HUMAN RESOURCES ASSOCIATION EIN 82-3433257 · last filed 990-N for 2025
- WORTHINGTON SCHOLARSHIP FOUNDATION EIN 82-1503998 · last filed 990-PF for 2024
- WILLIAM A FARNSWORTH LIBRARY AND ART MUSEUM INC EIN 01-0368070 · last filed 990 for 2025
- HOMEWORTHY EIN 46-3136785 · last filed 990 for 2024
- STAR OF HOPE INC EIN 81-3141890 · last filed 990-PF for 2024