Civic Intelligence

Cobscook Bay Resource Center Inc

990 • Fiscal year 2015 • EIN 01-0529806

Jul 01, 2014 to Jun 30, 2015 • Filed on May 11, 2016

Organization ProfileWWW.COBSCOOK.ORG
4 Favor StreetEastport, ME 04631

(207) 853-6607

Siviq Scores

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

Liabilities / Assets

66th percentile

0.15x

Higher debt load relative to assets than 66% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

84th percentile

0.52x

Higher debt load relative to revenue than 84% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

86th percentile

32%

Higher net margin than 86% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

69th percentile

$55,900

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 30.9% of source-year revenue.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

62nd percentile

5.6%

Faster asset growth than 62% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

80th percentile

29%

Faster revenue growth than 80% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets66th percentile

Assets

Up

$607,214

Up $32,101 (+5.6%) from 2014

Net Assets

Up

$514,042

Up $57,513 (+13%) from 2014

Liabilities

Down

$93,172

Down $25,412 (-21%) from 2014

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin86th percentile

Revenue

Up

$180,663

Up $40,963 (+29%) from 2014

Expenses

Up

$123,150

Up $9,649 (+8.5%) from 2014

Net Income

Up

$57,513

Up $31,314 (+120%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth62nd percentile

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

$800K$600K$400K$200K$0Assets 2011: $214,017Liabilities 2011: $131,3662011Assets 2012: $481,865Liabilities 2012: $150,621Net Assets 2012: $331,2442012Assets 2013: $558,795Liabilities 2013: $128,465Net Assets 2013: $430,3302013Assets 2014: $575,113Liabilities 2014: $118,584Net Assets 2014: $456,5292014Assets 2015: $607,214Liabilities 2015: $93,172Net Assets 2015: $514,0422015Assets 2016: $542,365Liabilities 2016: $69,618Net Assets 2016: $472,7472016Assets 2017: $554,225Liabilities 2017: $68,991Net Assets 2017: $485,2342017Assets 2018: $513,339Liabilities 2018: $63,410Net Assets 2018: $449,9292018Assets 2019: $496,658Liabilities 2019: $56,790Net Assets 2019: $439,8682019Assets 2020: $444,968Liabilities 2020: $48,470Net Assets 2020: $396,4982020

Highlighted filing

2015

Assets$607,214
Liabilities$93,172
Net Assets$514,042
Open 2015 Filing

Operations Trend

Revenue Growth80th percentile

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

$400K$300K$200K$100K$0-$100KRevenue 2011: $156,487Expenses 2011: $114,550Net Income 2011: $41,9372011Revenue 2012: $335,031Expenses 2012: $96,762Net Income 2012: $238,2692012Revenue 2013: $185,913Expenses 2013: $114,159Net Income 2013: $71,7542013Revenue 2014: $139,700Expenses 2014: $113,501Net Income 2014: $26,1992014Revenue 2015: $180,663Expenses 2015: $123,150Net Income 2015: $57,5132015Revenue 2016: $54,957Expenses 2016: $96,252Net Income 2016: -$41,2952016Revenue 2017: $60,214Expenses 2017: $66,867Net Income 2017: -$6,6532017Revenue 2018: $47,110Expenses 2018: $82,415Net Income 2018: -$35,3052018Revenue 2019: $55,537Expenses 2019: $65,598Net Income 2019: -$10,0612019Revenue 2020: $3,668Expenses 2020: $47,038Net Income 2020: -$43,3702020

Highlighted filing

2015

Revenue$180,663
Expenses$123,150
Net Income$57,513
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 11, 2016
Return Version
2014v6.0
Gross Receipts
$180,663
Mission and Program Overview

Mission

The mission of the cobscook bay resource center is to encourage and stengthen community-based approaches to resource management and sustainable economic development of the cobscook bay region, the bay of fundy and the gulf of maine.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$538,216$525,434▼ $12,782
Loans From Officers Directors$89,842$71,389▼ $18,453
Savings and Temporary Cash Investments$25,721$67,691▲ $41,970
Cash and Non-Interest-Bearing Accounts$11,176$14,089▲ $2,913
Total Assets$575,113$607,214▲ $32,101
Liabilities
Mortgage Notes Payable Secured by Investment Property$23,339$16,486▼ $6,853
Other Liabilities$5,403$5,297▼ $106
Total Liabilities$118,584$93,172▼ $25,412
Net Assets / Fund Balance
Unrestricted Net Assets$452,153$505,535▲ $53,382
Temporarily Rstr Net Assets$4,376$8,507▲ $4,131
Total Net Assets Fund Balance$456,529$514,042▲ $57,513
Total Liabilities and Net Assets / Fund Balance$575,113$607,214▲ $32,101

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$442,774$17,809$460,583
Other Land Buildings$70,944$71,142$142,086
Land$11,716-$11,716
Compensation and Service Providers
Top Officer Pay69th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Will HopkinsExecutive DirectorFT$55,900$55,900

Board Members and Trustees

NameTitle
Tess FtorekChair
Tari CamickVice Chair
Carol BryanDirector
Charles CurtinDirector
Dale MitchellDirector
Dr Brian BealDirector
Elizabeth SpragueDirector
Harold ClosseyDirector
John CharltonDirector
Heidi LeightonClerk
Revenue and Support

Revenue Composition

Contributions and Grants
$180,347
Program Service Revenue
$0
Investment Income
$76
Other Revenue
$240
All Other Contributions
$180,347
Change in Net Assets
$57,513
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$65,701
Salaries, Compensation, and Employee Benefits$57,449
Total Fundraising Expense$5,816
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$44,720$6,149$5,031$55,900
Depreciation Depletion$12,782--$12,782
Occupancy$12,094--$12,094
Fees for Services Accounting-$6,006-$6,006
Travel$2,857--$2,857
Other Expenses$1,882$1,709$220$1,882
Other Salaries and Wages-$1,436-$1,436
Insurance$1,325--$1,325
Office Expenses$583-$85$668
Interest$347--$347
Payroll Taxes-$113-$113
Total Functional Expenses$101,061$16,273$5,816$123,150
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$89,842$71,389▼ $18,453
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Agency Funds$5,297
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
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
No
Other officer compensation reviewed
No
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 11

“The executive director reviews the return prior to filing.”

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

“The organization regularly and consistently monitors and enforces compliance with the conflict of interest policy on a yearly basis.”

Form 990, Part VI, Section C, Line 18

“Forms 1023 and 990 are available upon request.”

Form 990, Part VI, Section C, Line 19

“Governing documents, form 990 and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Cobscook Bay Resource Center Inc
EIN
01-0529806
Phone
2078536607
Address
4 FAVOR STREET, EASTPORT, ME 04631

Signing Officer

Name
Will Hopkins
Title
Exec Director
Phone
2078536607
Signed
2016-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Will Hopkins
Formed
1998
Legal Domicile
Me
Voting Board Members
11
Independent Board Members
10
Employees
1
Volunteers
0

Preparer

Firm
Haverlock Estey & Curran LLC
Address
8 COMMERCE COURT, HAMPDEN, ME 04444-1538
Preparer
Vicki J Vincent
Phone
2079455695
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The organization has adopted the provisions of authoritative guidance regarding accounting for uncertainty in income taxes. The authoritative guidance provides that a tax benefit or liability from an uncertain tax position should be recognized when it is more likely than not that a position will not be sustained upon examination. As of june 30, 2015, management has concluded that the organization had no uncertain income tax positions. The organization's federal informational returns for 2013, 2012, and 2011 are subject to examination by the irs, generally for three years after they are filed.”

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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0328765
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0140259
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0966308
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt076
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0131
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0129
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0190
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0277
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0803
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0240
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt018
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt04300
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt06076
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt015951
IRS990ScheduleA/OtherIncome170Grp/TotalAmt026585
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.41020
IRS990ScheduleA/PublicSupportPY170Pct00.49340
IRS990ScheduleA/PublicSupportTotal170Amt0407613
IRS990ScheduleA/SubstantialContributorsTotAmt0558695
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0180347
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0135453
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0181484
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0328765
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0140259
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0966308
IRS990ScheduleA/TotalSupportAmt0993696
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0442774
IRS990ScheduleD/BuildingsGrp/DepreciationAmt017809
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0460583
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt011716
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt011716
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt070944
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt071142
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0142086
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05297
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0AGENCY FUNDS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS ADOPTED THE PROVISIONS OF AUTHORITATIVE GUIDANCE REGARDING ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE AUTHORITATIVE GUIDANCE PROVIDES THAT A TAX BENEFIT OR LIABILITY FROM AN UNCERTAIN TAX POSITION SHOULD BE RECOGNIZED WHEN IT IS MORE LIKELY THAN NOT THAT A POSITION WILL NOT BE SUSTAINED UPON EXAMINATION. AS OF JUNE 30, 2015, MANAGEMENT HAS CONCLUDED THAT THE ORGANIZATION HAD NO UNCERTAIN INCOME TAX POSITIONS. THE ORGANIZATION'S FEDERAL INFORMATIONAL RETURNS FOR 2013, 2012, AND 2011 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0525434
IRS990ScheduleD/TotalLiabilityAmt05297
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt071389
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0CONVERSION OF PREVIOUS YEARS SALARIES TO PROMISSORY NOTE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt095300
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0WILL HOPKINS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/TotalBalanceDueAmt071389
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE EXECUTIVE DIRECTOR REVIEWS THE RETURN PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY ON A YEARLY BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORMS 1023 AND 990 ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS, FORM 990 AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt04376
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt08507
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0575113
IRS990/TotalAssetsEOYAmt0607214
IRS990/TotalAssetsGrp/BOYAmt0575113
IRS990/TotalAssetsGrp/EOYAmt0607214
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0180347
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt05816
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt016273
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0101061
IRS990/TotalFunctionalExpensesGrp/TotalAmt0123150
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0118584
IRS990/TotalLiabilitiesEOYAmt093172
IRS990/TotalLiabilitiesGrp/BOYAmt0118584
IRS990/TotalLiabilitiesGrp/EOYAmt093172
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0456529
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0514042
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0101061
IRS990/TotalReportableCompFromOrgAmt055900
IRS990/TotalRevenueGrp/ExclusionAmt076
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0240
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0180663
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0575113
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0607214
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt02857
IRS990/TravelGrp/TotalAmt02857
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0452153
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0505535
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04 FAVOR STREET
IRS990/USAddress/CityNm0EASTPORT
IRS990/USAddress/StateAbbreviationCd0ME
IRS990/USAddress/ZIPCd004631
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0WWW.COBSCOOK.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0WILL HOPKINS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXEC DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02078536607
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-11

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$607,214
Liabilities
$93,172
Net assets
$514,042
Revenue
$180,663
Expenses
$123,150
Net income
$57,513
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.45$0.48$3.96$0.04$0.47$0.43
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.97$0.57$4.40$0.56$0.66$0.10
2018Detailed filing. Detailed filing data is available for this year.$5.13$0.63$4.50$0.47$0.82$0.35
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.54$0.69$4.85$0.60$0.67$0.07
2016Detailed filing. Detailed filing data is available for this year.$5.42$0.70$4.73$0.55$0.96$0.41
2015Detailed filing. Detailed filing data is available for this year.$6.07$0.93$5.14$1.81$1.23$0.58
2014Detailed filing. Detailed filing data is available for this year.$5.75$1.19$4.57$1.40$1.14$0.26
2013Summary only. Only limited summary data is available for this year.$5.59$1.28$4.30$1.86$1.14$0.72
2012Summary only. Only limited summary data is available for this year.$4.82$1.51$3.31$3.35$0.97$2.38
2011Summary only. Only limited summary data is available for this year.$2.14$1.31$1.56$1.15$0.42