Civic Intelligence

Raitt Homestead Farm Museum

EIN 01-0516323 • 501(c)3 • Eliot, ME

990-N Coverage

Profile

Restoration and preservation of antique farm equipment and implements to educate the public for the purpose of keeping valuable farming heritage alive

2077 State RoadEliot, ME 03903

www.raittfarmmuseum.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

78th percentile

0.08x

Higher debt load relative to assets than 78% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

96th percentile

1.54x

Higher debt load relative to revenue than 96% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

8th percentile

-142%

Higher net margin than 8% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

41st percentile

-8.4%

Faster asset growth than 41% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

51st percentile

-1.4%

Faster revenue growth than 51% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$310,932

Down $28,398 (-8.4%) from 2018

Liabilities

Down

$26,063

Down $4,481 (-15%) from 2018

Net Assets

-

No earlier filing loaded for comparison.

Revenue

Down

$16,895

Down $236 (-1.4%) from 2018

Expenses

Up

$40,812

Up $14,713 (+56%) from 2018

Net Income

Down

-$23,917

Down $14,949 (-167%) from 2018

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2011: $426,902Liabilities 2011: $76,870Net Assets 2011: $350,0322011Assets 2012: $407,205Liabilities 2012: $72,577Net Assets 2012: $334,6282012Assets 2013: $401,630Liabilities 2013: $75,212Net Assets 2013: $326,4182013Assets 2014: $384,525Liabilities 2014: $71,169Net Assets 2014: $313,3562014Assets 2015: $367,602Liabilities 2015: $67,8082015Assets 2016: $362,610Liabilities 2016: $64,9872016Assets 2017: $359,352Liabilities 2017: $41,5982017Assets 2018: $339,330Liabilities 2018: $30,5442018Assets 2019: $310,932Liabilities 2019: $26,0632019

Highlighted filing

2019

Assets$310,932
Liabilities$26,063
Net Assets-

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100K$50K$0-$50KRevenue 2011: $57,850Expenses 2011: $59,852Net Income 2011: -$2,0022011Revenue 2012: $50,685Expenses 2012: $66,089Net Income 2012: -$15,4042012Revenue 2013: $46,891Expenses 2013: $55,101Net Income 2013: -$8,2102013Revenue 2014: $38,668Expenses 2014: $51,730Net Income 2014: -$13,0622014Revenue 2015: $28,478Expenses 2015: $42,060Net Income 2015: -$13,5822015Revenue 2016: $19,896Expenses 2016: $22,047Net Income 2016: -$2,1512016Revenue 2017: $63,208Expenses 2017: $43,077Net Income 2017: $20,1312017Revenue 2018: $17,131Expenses 2018: $26,099Net Income 2018: -$8,9682018Revenue 2019: $16,895Expenses 2019: $40,812Net Income 2019: -$23,9172019

Highlighted filing

2019

Revenue$16,895
Expenses$40,812
Net Income-$23,917

Filings

Latest Detailed Filing

The latest 2019 filing currently has summary financial data only. Showing the latest detailed filing from 2014 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 5, 2015
Return Version
2014v5.0
Gross Receipts
$57,190
Mission and Program Overview

Mission

Restoration and preservation of antique farming equipment and implements to educate the public for the purpose of keeping valuable farming heritage alive.

Program Services

DescriptionGrantsExpenses
ANTIQUE SHOW CONSISTING OF EXHIBITOR DISPLAYS OF ANTIQUE TRACTORS, ANTIQUE ENGINES, ANTIQUE TRUCKS, AND OTHER FARM RELATED EQUIPMENT.-$51,730
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
STEPHEN BECKERTDirector-$0--
LISA RAITTSecretary/TrFT$0--
PETER ROUSSEAUDirector-$0--
THOMAS RAITTPresidentPT$0--
MARION RAITTDirector-$0--
DONALD BONHAMDirector-$0--
LEON RAITTDirector-$0--
DAVID RAITTDirector-$0--
PHIL ST JEANVice Preside-$0--
JOHN SODERBERGDirector-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Antique Tractor$44,616$44,616$8,900$35,716
Total Events$44,616$44,616$18,232$26,384
Filing and Contact Details

Filer

Filer Name
Raitt Homestead Farm Museum
EIN
01-0516323
Phone
2073325444
Address
2077 STATE ROAD, ELIOT, ME 03903

Signing Officer

Name
Lisa Raitt
Title
Secretary
Phone
2073325444
Signed
2015-11-05
Discuss with paid preparer
Yes

Preparer

Firm
Schoff & Associates CPA Pa
Address
28 LONG SANDS RD STE 2, YORK, ME 03909-1166
Preparer
Larry C Schoff
Phone
2073512534
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses advertising 1,618 office exp. 599 interest 4,822 insurance 2,334 artwork 300 building maintenance 5,440 donation in memory of 36 dues 388 equipment 714 grounds 1,404 hat 168 landscaping 56 other membership fees 150 repairs 469 sales tax 2 shipping 162 t-shirts 1,065 telephone 5,331 tools 332 tractor 354 utilities 7,210 volunteer staff 895 website 320 workday food 2,114 non-investment depreciation 3,597 total 39,880

Form 990-ez, Part II, Line 24

Machinery and equipment 29,118 27,436 less accumulated depreciation 13,942 15,857 antique farm equipment 12,699 18,749 antique furntiure 12,020 12,020 total 39,895 42,348

Form 990-ez, Part II, Line 26

Credit card payable-barclay 2,658 642 credit card payable-chase 2,156 2,258 note payable-ksb 70,398 68,269

Form 990-ez, Part III

Restoration and preservation of antique farming equipment and implements to educate the public for the purpose of keeping valuable farming heritage alive.

Raw XML Appendix201 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING 1,618 OFFICE EXP. 599 INTEREST 4,822 INSURANCE 2,334 ARTWORK 300 BUILDING MAINTENANCE 5,440 DONATION IN MEMORY OF 36 DUES 388 EQUIPMENT 714 GROUNDS 1,404 HAT 168 LANDSCAPING 56 OTHER MEMBERSHIP FEES 150 REPAIRS 469 SALES TAX 2 SHIPPING 162 T-SHIRTS 1,065 TELEPHONE 5,331 TOOLS 332 TRACTOR 354 UTILITIES 7,210 VOLUNTEER STAFF 895 WEBSITE 320 WORKDAY FOOD 2,114 NON-INVESTMENT DEPRECIATION 3,597 TOTAL 39,880
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MACHINERY AND EQUIPMENT 29,118 27,436 LESS ACCUMULATED DEPRECIATION 13,942 15,857 ANTIQUE FARM EQUIPMENT 12,699 18,749 ANTIQUE FURNTIURE 12,020 12,020 TOTAL 39,895 42,348
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CREDIT CARD PAYABLE-BARCLAY 2,658 642 CREDIT CARD PAYABLE-CHASE 2,156 2,258 NOTE PAYABLE-KSB 70,398 68,269
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3RESTORATION AND PRESERVATION OF ANTIQUE FARMING EQUIPMENT AND IMPLEMENTS TO EDUCATE THE PUBLIC FOR THE PURPOSE OF KEEPING VALUABLE FARMING HERITAGE ALIVE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
ReturnHeader/BuildTS02016-04-25 22:37:26Z
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ReturnHeader/PreparerPersonGrp/PreparationDt02015-11-05
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ReturnHeader/ReturnTs02015-11-05T10:16:39-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

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