Civic Intelligence

Chebeague Transportation Co

990 • Fiscal year 2016 • EIN 01-0318796

Jan 01, 2016 to Dec 31, 2016 • Filed on Jul 26, 2017

PO Box 27Chebeague Island, ME 04017

(207) 846-5227

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

64th percentile

0.22x

Higher debt load relative to assets than 64% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

63rd percentile

0.21x

Higher debt load relative to revenue than 63% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

75th percentile

14%

Higher net margin than 75% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

57th percentile

$76,971

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 6.6% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

73rd percentile

11%

Faster asset growth than 73% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

54th percentile

4.1%

Faster revenue growth than 54% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$1,070,422

Up $101,904 (+11%) from 2015

Net Assets

Up

$830,164

Up $168,926 (+26%) from 2015

Liabilities

Down

$240,258

Down $67,022 (-22%) from 2015

Revenue

Up

$1,171,608

Up $46,252 (+4.1%) from 2015

Expenses

Down

$1,002,682

Down $28,611 (-2.8%) from 2015

Net Income

Up

$168,926

Up $74,863 (+80%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2014: $817,775Liabilities 2014: $250,821Net Assets 2014: $566,9542014Assets 2015: $968,518Liabilities 2015: $307,280Net Assets 2015: $661,2382015Assets 2016: $1,070,422Liabilities 2016: $240,258Net Assets 2016: $830,1642016Assets 2017: $1,276,560Liabilities 2017: $275,774Net Assets 2017: $1,000,7862017Assets 2018: $1,435,082Liabilities 2018: $245,926Net Assets 2018: $1,189,1562018Assets 2019: $2,699,894Liabilities 2019: $1,446,889Net Assets 2019: $1,253,0052019Assets 2020: $2,381,178Liabilities 2020: $1,502,119Net Assets 2020: $879,0592020Assets 2021: $2,544,340Liabilities 2021: $1,346,345Net Assets 2021: $1,197,9952021Assets 2022: $2,328,859Liabilities 2022: $1,315,277Net Assets 2022: $1,013,5822022Assets 2023: $2,608,167Liabilities 2023: $1,284,727Net Assets 2023: $1,323,4402023Assets 2024: $2,602,937Liabilities 2024: $1,253,072Net Assets 2024: $1,349,8652024

Highlighted filing

2016

Assets$1,070,422
Liabilities$240,258
Net Assets$830,164

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2014: $770,509Expenses 2014: $613,561Net Income 2014: $156,9482014Revenue 2015: $1,125,356Expenses 2015: $1,031,293Net Income 2015: $94,0632015Revenue 2016: $1,171,608Expenses 2016: $1,002,682Net Income 2016: $168,9262016Revenue 2017: $1,187,557Expenses 2017: $1,016,935Net Income 2017: $170,6222017Revenue 2018: $1,238,256Expenses 2018: $1,049,886Net Income 2018: $188,3702018Revenue 2019: $1,238,913Expenses 2019: $1,175,064Net Income 2019: $63,8492019Revenue 2020: $860,482Expenses 2020: $1,234,428Net Income 2020: -$373,9462020Revenue 2021: $1,586,544Expenses 2021: $1,267,608Net Income 2021: $318,9362021Revenue 2022: $1,313,826Expenses 2022: $1,498,239Net Income 2022: -$184,4132022Revenue 2023: $1,812,838Expenses 2023: $1,510,181Net Income 2023: $302,6572023Revenue 2024: $1,666,775Expenses 2024: $1,651,069Net Income 2024: $15,7062024

Highlighted filing

2016

Revenue$1,171,608
Expenses$1,002,682
Net Income$168,926
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Jul 26, 2017
Return Version
2016v3.0
Gross Receipts
$1,171,608
Mission and Program Overview

Mission

To provide safe and reliable transportation to chebeague island, me

To provide reliable and safe transportation to chebeague island, me

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$661,238$830,164▲ $168,926
Cash and Non-Interest-Bearing Accounts$430,297$627,532▲ $197,235
Land, Buildings, and Equipment, Net$453,224$292,795▼ $160,429
Savings and Temporary Cash Investments$75,000$136,314▲ $61,314
Prepaid Expenses and Deferred Charges$6,072$9,961▲ $3,889
Inventories for Sale or Use$2,633$3,136▲ $503
Accounts Receivable$1,292$684▼ $608
Total Assets$968,518$1,070,422▲ $101,904
Liabilities
Deferred Revenue-$183,196-
Unsecured Notes Loans Payable$179,099--
Accounts Payable and Accrued Expenses$128,181$57,062▼ $71,119
Total Liabilities$307,280$240,258▼ $67,022
Net Assets / Fund Balance
Total Net Assets Fund Balance$661,238$830,164▲ $168,926
Total Liabilities and Net Assets / Fund Balance$968,518$1,070,422▲ $101,904

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$292,795$868,342$1,161,137
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Carol SabasteanskiGeneral ManaFT$76,971$76,971

Board Members and Trustees

NameTitle
Mike ConroyPresident
Geoff SummaDirector
Gilbert EatonDirector
Lew HolmanDirector
Wayne DyerDirector
Sue SawyerTreasurer
Christopher NeumannVice Preside
Susan StranahanVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,148,579
Investment Income
$186
Other Revenue
$22,843
Change in Net Assets
$168,926

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,171,608
Total Revenue per Audited Statements
$1,171,608
Total Revenue per Form 990
$1,171,608
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$624,426
Other Expenses$378,256
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$365,007$115,265-$480,272
Current Officers, Directors, Trustees, and Key Employees$58,498$18,473-$76,971
Depreciation Depletion$73,045$3,440-$76,485
Payroll Taxes$35,316$11,152-$46,468
Insurance$35,082$6,268-$41,350
Occupancy$26,736$14,135-$40,871
Other Employee Benefits$11,715$9,000-$20,715
All Other Expenses$7,109$2,002-$9,111
Other Expenses$6,049$801-$6,850
Office Expenses$509$5,781-$6,290
Fees for Services Accounting-$5,600-$5,600
Travel$1,179$3,689-$4,868
Fees for Services Legal$325$890-$1,215
Total Functional Expenses$795,082$207,600$0$1,002,682

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,002,682
Total Expenses per Audited Statements$1,002,682
Total Expenses per Form 990$1,002,682
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The organization consists of members

Form 990, Page 6, Part VI, Line 7A

Members elect between 5 and 13 directors

Form 990, Page 6, Part VI, Line 7B

Members vote on major decisions

Form 990, Page 6, Part VI, Line 11B

Form 990 is reviewed by the executive director and treasurer with its outside tax return preparer. The return is available for review by any interested party prior to and after filing.

Form 990, Page 6, Part VI, Line 12C

Relevant persons are required to annually disclose any conflict of interest or relevant situations that could give rise to conflict of interest

Form 990, Page 6, Part VI, Line 15A

The directors establish compensation of the executive director by using comparable data and deliberations. Compensation of other key employees is recommended to the directors by the executive director.

Form 990, Page 6, Part VI, Line 15B

Compensation of other key employees is recommended by the executive director using comparable data and approved by the directors.

Form 990, Page 6, Part VI, Line 19

Thhese items are available upon request

Filing and Contact Details

Filer

Filer Name
Chebeague Transportation Co
EIN
01-0318796
Phone
2078465227
Address
PO BOX 27, CHEBEAGUE ISLAND, ME 04017

Signing Officer

Name
Carol Sabasteanski
Title
General Manager
Phone
2078465227
Signed
2017-07-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carol Sabasteanski
Formed
2014
Legal Domicile
Me
Voting Board Members
9
Independent Board Members
8
Employees
23

Preparer

Firm
Hobson & Company LLC
Address
PO BOX 108, SACO, ME 04072-0108
Preparer
Adam C Hobson CPA
Phone
2072830023
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IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt082569
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0119280
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt057
IRS990/PYOtherExpensesAmt0421546
IRS990/PYOtherRevenueAmt02755
IRS990/PYProgramServiceRevenueAmt01122544
IRS990/PYRevenuesLessExpensesAmt094063
IRS990/PYSalariesCompEmpBnftPaidAmt0609747
IRS990/PYTotalExpensesAmt01031293
IRS990/PYTotalRevenueAmt01125356
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0168926
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0450091
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0661238
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0830164
IRS990/SavingsAndTempCashInvstGrp/BOYAmt075000
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0136314
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0186
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt057
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0243
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01171422
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01125299
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02296721
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0186
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt057
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0243
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt02296721
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01171422
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01125299
IRS990ScheduleA/Total509Grp/TotalAmt02296721
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01171608
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01125356
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02296964
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0292795
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0868342
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01161137
IRS990ScheduleD/ExpensesSubtotalAmt01002682
IRS990ScheduleD/RevenueSubtotalAmt01171608
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0292795
IRS990ScheduleD/TotalExpensesPerForm990Amt01002682
IRS990ScheduleD/TotalRevenuePerForm990Amt01171608
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01171608
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01002682
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION CONSISTS OF MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS ELECT BETWEEN 5 AND 13 DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS VOTE ON MAJOR DECISIONS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND TREASURER WITH ITS OUTSIDE TAX RETURN PREPARER. THE RETURN IS AVAILABLE FOR REVIEW BY ANY INTERESTED PARTY PRIOR TO AND AFTER FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4RELEVANT PERSONS ARE REQUIRED TO ANNUALLY DISCLOSE ANY CONFLICT OF INTEREST OR RELEVANT SITUATIONS THAT COULD GIVE RISE TO CONFLICT OF INTEREST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE DIRECTORS ESTABLISH COMPENSATION OF THE EXECUTIVE DIRECTOR BY USING COMPARABLE DATA AND DELIBERATIONS. COMPENSATION OF OTHER KEY EMPLOYEES IS RECOMMENDED TO THE DIRECTORS BY THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6COMPENSATION OF OTHER KEY EMPLOYEES IS RECOMMENDED BY THE EXECUTIVE DIRECTOR USING COMPARABLE DATA AND APPROVED BY THE DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THHESE ITEMS ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/StatesWhereCopyOfReturnIsFldCd0ME
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt01070422
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IRS990/TotalAssetsGrp/EOYAmt01070422
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt023
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0207600
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0795082
IRS990/TotalFunctionalExpensesGrp/TotalAmt01002682
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0307280
IRS990/TotalLiabilitiesEOYAmt0240258
IRS990/TotalLiabilitiesGrp/BOYAmt0307280
IRS990/TotalLiabilitiesGrp/EOYAmt0240258
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0661238
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0830164
IRS990/TotalProgramServiceExpensesAmt0795082
IRS990/TotalProgramServiceRevenueAmt01148579
IRS990/TotalReportableCompFromOrgAmt076971
IRS990/TotalRevenueGrp/ExclusionAmt0186
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01171422
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01171608
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0968518
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01070422
IRS990/TravelGrp/ManagementAndGeneralAmt03689
IRS990/TravelGrp/ProgramServicesAmt01179
IRS990/TravelGrp/TotalAmt04868
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0179099
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 27
IRS990/USAddress/CityNm0CHEBEAGUE ISLAND
IRS990/USAddress/StateAbbreviationCd0ME
IRS990/USAddress/ZIPCd004017
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.CHEBEAGUETRANS.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CAROL SABASTEANSKI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0GENERAL MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum02078465227
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-07-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CHEBEAGUE TRANSPORTATION CO
ReturnHeader/Filer/BusinessNameControlTxt0CHEB
ReturnHeader/Filer/EIN0010318796
ReturnHeader/Filer/PhoneNum02078465227
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 27
ReturnHeader/Filer/USAddress/CityNm0CHEBEAGUE ISLAND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0ME
ReturnHeader/Filer/USAddress/ZIPCd004017
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0B1F84DBAA91BD1EF28C568D79B29F212332561EC
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId07EAAAA8737DE4B218ECA784B8663C2F42330AC2A
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0453595502
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HOBSON & COMPANY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 108

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