Civic Intelligence

Cobscook Community Learning Center

990 • Fiscal year 2022 • EIN 01-0449348

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 15, 2023

10 Commissary Point RdTrescott, ME 04652

(207) 733-2233

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.15x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

81st percentile

0.52x

Higher debt load relative to revenue than 81% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

25th percentile

-5.6%

Higher net margin than 25% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

55th percentile

$70,742

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 7.2% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

25th percentile

-7.0%

Faster asset growth than 25% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

19th percentile

-20%

Faster revenue growth than 19% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$3,458,801

Down $260,177 (-7.0%) from 2021

Net Assets

Down

$2,953,617

Down $80,420 (-2.7%) from 2021

Liabilities

Down

$505,184

Down $179,757 (-26%) from 2021

Revenue

Down

$978,990

Down $246,748 (-20%) from 2021

Expenses

Up

$1,033,365

Up $120,916 (+13%) from 2021

Net Income

Down

-$54,375

Down $367,664 (-117%) from 2021

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $1,017,328Liabilities 2010: $169,357Net Assets 2010: $847,9712010Assets 2011: $1,011,128Liabilities 2011: $164,056Net Assets 2011: $847,0722011Assets 2012: $1,060,898Liabilities 2012: $158,655Net Assets 2012: $902,2432012Assets 2013: $2,065,425Liabilities 2013: $226,138Net Assets 2013: $1,839,2872013Assets 2014: $2,584,060Liabilities 2014: $268,649Net Assets 2014: $2,315,4112014Assets 2015: $2,685,063Liabilities 2015: $722,766Net Assets 2015: $1,962,2972015Assets 2016: $2,719,756Liabilities 2016: $730,386Net Assets 2016: $1,989,3702016Assets 2017: $2,770,330Liabilities 2017: $689,072Net Assets 2017: $2,081,2582017Assets 2018: $3,209,123Liabilities 2018: $713,033Net Assets 2018: $2,496,0902018Assets 2019: $3,258,456Liabilities 2019: $626,968Net Assets 2019: $2,631,4882019Assets 2020: $3,268,299Liabilities 2020: $547,551Net Assets 2020: $2,720,7482020Assets 2021: $3,718,978Liabilities 2021: $684,941Net Assets 2021: $3,034,0372021Assets 2022: $3,458,801Liabilities 2022: $505,184Net Assets 2022: $2,953,6172022Assets 2023: $2,970,393Liabilities 2023: $483,441Net Assets 2023: $2,486,9522023Assets 2024: $2,887,476Liabilities 2024: $525,301Net Assets 2024: $2,362,1752024

Highlighted filing

2022

Assets$3,458,801
Liabilities$505,184
Net Assets$2,953,617

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2010: $1,096,816Expenses 2010: $1,044,257Net Income 2010: $52,5592010Expenses 2011: $908,0212011Expenses 2012: $881,5892012Revenue 2013: $1,725,374Expenses 2013: $763,698Net Income 2013: $961,6762013Revenue 2014: $1,428,080Expenses 2014: $951,956Net Income 2014: $476,1242014Revenue 2015: $1,178,654Expenses 2015: $976,109Net Income 2015: $202,5452015Revenue 2016: $1,126,808Expenses 2016: $1,099,735Net Income 2016: $27,0732016Revenue 2017: $1,243,675Expenses 2017: $1,151,786Net Income 2017: $91,8892017Revenue 2018: $1,885,992Expenses 2018: $1,471,160Net Income 2018: $414,8322018Revenue 2019: $1,850,788Expenses 2019: $1,715,390Net Income 2019: $135,3982019Revenue 2020: $1,339,741Expenses 2020: $1,250,481Net Income 2020: $89,2602020Revenue 2021: $1,225,738Expenses 2021: $912,449Net Income 2021: $313,2892021Revenue 2022: $978,990Expenses 2022: $1,033,365Net Income 2022: -$54,3752022Revenue 2023: $724,340Expenses 2023: $1,173,434Net Income 2023: -$449,0942023Revenue 2024: $1,130,432Expenses 2024: $1,233,322Net Income 2024: -$102,8902024

Highlighted filing

2022

Revenue$978,990
Expenses$1,033,365
Net Income-$54,375
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$978,998
Mission and Program Overview

Mission

Our mission is to create responsive educational opportunities that strengthen personal, community and global well-being.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,942,412$2,887,021▼ $55,391
Cash and Non-Interest-Bearing Accounts$547,929$389,577▼ $158,352
Accounts Receivable$7,423$17,243▲ $9,820
Prepaid Expenses and Deferred Charges-$11,479-
Total Assets$3,718,978$3,458,801▼ $260,177
Other Assets Total$221,214$153,481▼ $67,733
Liabilities
Mortgage Notes Payable Secured by Investment Property$628,151$462,061▼ $166,090
Accounts Payable and Accrued Expenses$55,333$42,623▼ $12,710
Deferred Revenue$1,457$500▼ $957
Total Liabilities$684,941$505,184▼ $179,757
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,930,951$2,898,407▼ $32,544
Net Assets With Donor Restrictions$103,086$55,210▼ $47,876
Total Net Assets Fund Balance$3,034,037$2,953,617▼ $80,420
Total Liabilities and Net Assets / Fund Balance$3,718,978$3,458,801▼ $260,177

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,351,630$620,989$2,972,619
Land$505,827-$505,827
Equipment$2,500$419,302$421,802
Other Land Buildings$27,064-$27,064
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kara McCrimmonCo-Executive DirectorFT$70,742$70,742
Daphne LoringCo-Executive DirectorFT$54,682$54,682
Shaun HaskinsCo-Executive DirectorFT$18,784$18,784
Alan FurthTreasurerPT$13,520$13,520

Board Members and Trustees

NameTitle
Frank TroccoCo-Chair
Sanna McKimCo-Chair
Brian AltvaterDirector
Colby Soctomah LeweyDirector
Kevin ThompsonDirector
Leslie BowmanDirector
Mark HoffmanDirector
Ron BeckwithSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$659,663
Program Service Revenue
$299,477
Investment Income
$7,225
Other Revenue
$12,625
All Other Contributions
$518,877
Change in Net Assets
$-54,375

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$2,500Fair Market Value (FMV)
Works of Art15$1,040Fair Market Value (FMV)
Other Non Cash Contri Table1$330Fair Market Value (FMV)
Other Non Cash Contri Table1$300Fair Market Value (FMV)
Total Noncash Contributions18$4,170-

Audited Revenue Reconciliation

Revenue per Audited Statements
$978,990
Revenue Not Reported on Form 990
$-17,879
Total Revenue per Audited Statements
$961,111
Total Revenue per Form 990
$978,990
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$550,279
Other Expenses$483,086
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$373,625$81,604-$455,229
Fees for Services Other$100,947$9,803-$110,750
Depreciation Depletion$77,586$2,371-$79,957
Occupancy$56,294$16,063-$72,357
Other Employee Benefits$42,183$15,252-$57,435
Payroll Taxes$30,406$7,209-$37,615
Information Technology$33,058--$33,058
Office Expenses$22,230$1,143-$23,373
Travel$14,562$3,918-$18,480
Advertising$18,130$7-$18,137
Fees for Services Accounting$12$6,740-$6,752
All Other Expenses$2,348--$2,348
Conferences and Meetings$659$1,594-$2,253
Other Expenses$1,567$620-$2,187
Fees for Service Investment Mgmnt Fees-$1,830-$1,830
Insurance-$1,678-$1,678
Interest-$1,146-$1,146
Fees for Services Legal-$385-$385
Total Functional Expenses$879,593$153,772$0$1,033,365

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,033,365
Total Expenses per Audited Statements$1,033,365
Total Expenses per Form 990$1,033,365
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$399
Fundraising Direct Expenses$8
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
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 35% controlled entity
No
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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The 990 is forwarded to the Board Chair upon request for review, signature and mailing. It is then copied and distributed to the Finance Manager and the Board.

Form 990, Part VI, Section B, Line 15B

The Co-Directors salaries are voted on by the Board of Directors after consultation with outside resources. Compensation of other employees was benchedmarked against Maine non-profit organizations aggregated data analysis by Maine Association of Non-profits and other resources.

Form 990, Part VI, Section C, Line 19

Available upon request and on the organizations website at https//cobscookinstitute.org/transparency

Form 990, Part VI, Section B, Line 12C

Board and staff are required to disclose interests that may become a conflict of interest at their Annual Review and are required to sign a Conflict of Interest Disclosure Statement and the Conflict of Interest Policy annually.

Filing and Contact Details

Filer

Filer Name
The Cobscook Community Learning Center
EIN
01-0449348
Phone
2077332233
Address
10 Commissary Point Rd, Trescott, ME 04652
Doing Business As
Cobscook Institute

Signing Officer

Name
Daphne Loring
Title
CoDirector
Phone
2077332233
Signed
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Frank Trocco
Formed
1999
Legal Domicile
Me
Voting Board Members
9
Independent Board Members
8
Employees
15
Volunteers
100

Preparer

Firm
RHR Smith & Company
Address
3 Old Orchard Road, Buxton, ME 04093
Preparer
Ronald Smith
Phone
2079294606
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Section A, Line 11G

E-Rate Consultant 1,161 - Development Consultants 66,686 - Grant Writing Consultant 17,485 - Custodial Services 975 - Strategic Planning Consultant 5,000 - Board Self-Assessment Consultant 1,500 - Renovation Consultant 1,743 - Finance Consultant 3,303 - Program Director Consultant 12,897

Form 990, Part III, Line 1

The mission of Cobscook Community Learning Center is to create responsive educational opportunities that strengthen personal, community and global wellbeing. We do this through an experiential public high school program, intergenerational community programming, a community and retreat center, and through facilitating transformative community development initiatives. Through accessible placed-based education, the arts, and community development, Cobscook fills essential gaps in public offerings, contributes to the regions resilience, collaborates to facilitate deep systems change, and improves the quality of life, health outcomes, and wellness of the people who live in the rural three-nation region of Cobscook Bay. Finally, this local work contributes to larger systemic change through partnerships with other community-based initiatives around the globe.

Form 990, Part III, Line 4C

The Scholarship and Access Funds facilitate sliding scale programming in a solidarity economy framework, reducing the barrier to participation for people from Cobscook Bay region/Passamaquoddy homeland. This community funding model creates a way for community members to share so that everyone gets what they need. Participants choose how they engage with the sliding scale if they have fewer financial resources, they wont miss out on opportunities if they have more, they can share that abundance with neighbors and know that its making a difference. TREE Trauma Responsive Equitable Education is a collaborative, place-based response to the educational challenges that often face rural schools and communities, especially those in high-poverty areas. TREE aims to foster resilience and improve the well-being of young people, their families, and communities, by addressing the predictable and recurring barriers to healthy youth development and engaged learning that exist in high poverty rural schools. Through facilitating research-practice partnerships, TREE contributes to learning and systems change not only for the Cobscook region, but for rural communities around the country and globe.

Financial Statement Notes

X 2

The Center is exempt from federal income taxes under Section 501c3 of the Internal Revenue Code and applicable state law. The accounting standards on accounting for uncertainty in income taxes address the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under that guidance, the Center may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the Center and various positions related to the potential sources of unrelated business taxable income. The tax benefits recognized in the financial statements from a tax position are measured based on the largest benefit that has a greater than 50 likelihood of being realized upon ultimate settlement. Management believes that there were no potential sources of unrelated business taxable income subject to tax for the years ended December 31, 2022. Accordingly, no provision for income taxes has been made. The Center files its form 990 in the U.S. federal jurisdiction and the office of the states attorney general for the State of Maine. The Center is generally no longer subject to examination by the Internal Revenue Service for years before 2019.

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IRS990/ProgSrvcAccomActy2Grp/Desc0Cobscook Experiential Programs offers experiential, place-based education, outdoor leadership, and practical skill-building programs grounded in the ecology and cultures of the Cobscook Bay region and in a positive social/emotional setting. The signature program is a 4-year high school program offered in partnership with the Calais School Department. CEP is relational and experiential and leverages interdisciplinary, outdoor education and place-based pedagogies as transformative pathways for learning and engagement. Students participate in expeditions, community service projects, fieldwork with local experts and knowledge keepers, and individualized, small-group, and hands-on learning. These approaches are responsive to the needs of the youth, center student voice, and strengthen both personal and community wellbeing. CEP programming also includes a full slate of synergistic summer and afterschool programs.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0152913
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0200264
IRS990/ProgSrvcAccomActy3Grp/Desc0Heartwood Programs, TREE, Access/Scholarship Fund, Development Fund, Capital Construction Fund These programs and services facilitate programs that are rooted in equity and access with a commitment towards individual, community, and global wellbeing. They sustain a thriving, accessible, and generative campus that serves as a hub and homeplace for Cobscooks programming. See Schedule O for more in-depth program descriptions.
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.89$0.53$2.36$1.13$1.23$0.10
2023Detailed filing. Detailed filing data is available for this year.$2.97$0.48$2.49$0.72$1.17$0.45
2022Detailed filing. Detailed filing data is available for this year.$3.46$0.51$2.95$0.98$1.03$0.05
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.72$0.68$3.03$1.23$0.91$0.31
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.27$0.55$2.72$1.34$1.25$0.09
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.26$0.63$2.63$1.85$1.72$0.14
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.21$0.71$2.50$1.89$1.47$0.41
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.77$0.69$2.08$1.24$1.15$0.09
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.72$0.73$1.99$1.13$1.10$0.03
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.69$0.72$1.96$1.18$0.98$0.20
2014Detailed filing. Detailed filing data is available for this year.$2.58$0.27$2.32$1.43$0.95$0.48
2013Detailed filing. Detailed filing data is available for this year.$2.07$0.23$1.84$1.73$0.76$0.96
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.06$0.16$0.90$0.88
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.01$0.16$0.85$0.91
2010Summary only. Only limited summary data is available for this year.$1.02$0.17$0.85$1.10$1.04$0.05
Peer Organizations

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