Civic Intelligence

Chebeague Island Historical Society

EIN 22-2561762 • 501(c)3 • Chebeague Island, ME

Profile

To acquire, preserve, and promote history and material culture related to Great Chebeague Island and its environs: to create a sense of place and enrich the lives of those with island connections and the general public through exhibits, research, technology, and publications.

PO Box 28Chebeague Island, ME 04017

www.chebeaguehistory.com

Siviq Scores

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

Liabilities / Assets

50th percentile

0.01x

Higher debt load relative to assets than 50% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

70th percentile

0.10x

Higher debt load relative to revenue than 70% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

79th percentile

27%

Higher net margin than 79% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

58th percentile

6.5%

Faster asset growth than 58% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

67th percentile

20%

Faster revenue growth than 67% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$946,491

Up $58,139 (+6.5%) from 2023

Liabilities

Up

$13,542

Up $5,032 (+59%) from 2023

Net Assets

Up

$932,949

Up $53,107 (+6.0%) from 2023

Revenue

Up

$140,135

Up $23,751 (+20%) from 2023

Expenses

Down

$102,609

Down $39,415 (-28%) from 2023

Net Income

Up

$37,526

Up $63,166 (+246%) from 2023

Trend Graphs

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2011: $698,745Liabilities 2011: $5,023Net Assets 2011: $693,7222011Assets 2012: $699,415Liabilities 2012: $0Net Assets 2012: $699,4152012Assets 2013: $721,188Liabilities 2013: $0Net Assets 2013: $721,1882013Assets 2014: $726,106Liabilities 2014: $110Net Assets 2014: $725,9962014Assets 2015: $736,832Liabilities 2015: -$30Net Assets 2015: $736,8622015Assets 2016: $745,096Liabilities 2016: $470Net Assets 2016: $744,6262016Assets 2017: $767,576Liabilities 2017: $470Net Assets 2017: $767,1062017Assets 2018: $765,555Liabilities 2018: $393Net Assets 2018: $765,1622018Assets 2019: $784,585Liabilities 2019: $1,945Net Assets 2019: $782,6402019Assets 2020: $823,907Liabilities 2020: $3,107Net Assets 2020: $820,8002020Assets 2021: $924,072Liabilities 2021: $3,370Net Assets 2021: $920,7022021Assets 2022: $885,760Liabilities 2022: $7,934Net Assets 2022: $877,8262022Assets 2023: $888,352Liabilities 2023: $8,510Net Assets 2023: $879,8422023Assets 2024: $946,491Liabilities 2024: $13,542Net Assets 2024: $932,9492024

Highlighted filing

2024

Assets$946,491
Liabilities$13,542
Net Assets$932,949

Operations Trend

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

$200K$150K$100K$50K$0-$50KRevenue 2011: $57,384Expenses 2011: $42,394Net Income 2011: $14,9902011Revenue 2012: $54,425Expenses 2012: $48,732Net Income 2012: $5,6932012Revenue 2013: $59,047Expenses 2013: $37,274Net Income 2013: $21,7732013Revenue 2014: $38,679Expenses 2014: $32,822Net Income 2014: $5,8572014Revenue 2015: $36,739Expenses 2015: $23,086Net Income 2015: $13,6532015Revenue 2016: $50,223Expenses 2016: $42,459Net Income 2016: $7,7642016Revenue 2017: $61,731Expenses 2017: $47,796Net Income 2017: $13,9352017Revenue 2018: $59,532Expenses 2018: $52,226Net Income 2018: $7,3062018Revenue 2019: $73,829Expenses 2019: $63,475Net Income 2019: $10,3542019Revenue 2020: $74,048Expenses 2020: $68,804Net Income 2020: $5,2442020Revenue 2021: $155,052Expenses 2021: $71,020Net Income 2021: $84,0322021Revenue 2022: $88,100Expenses 2022: $74,780Net Income 2022: $13,3202022Revenue 2023: $116,384Expenses 2023: $142,024Net Income 2023: -$25,6402023Revenue 2024: $140,135Expenses 2024: $102,609Net Income 2024: $37,5262024

Highlighted filing

2024

Revenue$140,135
Expenses$102,609
Net Income$37,526

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.46$0.14$9.33$1.40$1.03$0.38
2023Detailed filing. Detailed filing data is available for this year.$8.88$0.09$8.80$1.16$1.42$0.26
2022Detailed filing. Detailed filing data is available for this year.$8.86$0.08$8.78$0.88$0.75$0.13
2021Detailed filing. Detailed filing data is available for this year.$9.24$0.03$9.21$1.55$0.71$0.84
2020Detailed filing. Detailed filing data is available for this year.$8.24$0.03$8.21$0.74$0.69$0.05
2019Detailed filing. Detailed filing data is available for this year.$7.85$0.02$7.83$0.74$0.63$0.10
2018Detailed filing. Detailed filing data is available for this year.$7.66$0.00$7.65$0.60$0.52$0.07
2017Detailed filing. Detailed filing data is available for this year.$7.68$0.00$7.67$0.62$0.48$0.14
2016Detailed filing. Detailed filing data is available for this year.$7.45$0.00$7.45$0.50$0.42$0.08
2015Detailed filing. Detailed filing data is available for this year.$7.37$0.00$7.37$0.37$0.23$0.14
2014Detailed filing. Detailed filing data is available for this year.$7.26$0.00$7.26$0.39$0.33$0.06
2013Detailed filing. Detailed filing data is available for this year.$7.21$0.00$7.21$0.59$0.37$0.22
2012Summary only. Only limited summary data is available for this year.$6.99$0.00$6.99$0.54$0.49$0.06
2011Summary only. Only limited summary data is available for this year.$6.99$0.05$6.94$0.57$0.42$0.15
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$197,942
Mission and Program Overview

Mission

To research and record the

To acquire, preserve, and promote history and material culture related to Great Chebeague Island and its environs: to create a sense of place and enrich the lives of those with island connections and the general public through exhibits, research, technology, and publications.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$656,798$660,621▲ $3,823
Investments in Publicly Traded Securities$159,543$172,430▲ $12,887
Cash and Non-Interest-Bearing Accounts$45,025$48,796▲ $3,771
Savings and Temporary Cash Investments-$36,521-
Inventories for Sale or Use$26,986$19,659▼ $7,327
Prepaid Expenses and Deferred Charges-$8,464-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Total Assets$888,352$946,491▲ $58,139
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$8,510$13,542▲ $5,032
Total Liabilities$8,510$13,542▲ $5,032
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$879,842$913,118▲ $33,276
Net Assets With Donor Restrictions-$19,831-
Total Net Assets Fund Balance$879,842$932,949▲ $53,107
Total Liabilities and Net Assets / Fund Balance$888,352$946,491▲ $58,139

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$621,692$4,261$625,953
Land$27,900-$27,900
Equipment$11,029$13,744$24,773
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$125,420
Program Service Revenue
$0
Investment Income
$7,114
Other Revenue
$7,601
All Other Contributions
$118,585
Change in Net Assets
$37,526
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$71,302
Salaries, Compensation, and Employee Benefits$31,307
Total Fundraising Expense$5,622
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$13,932$13,017$1,786$28,735
Occupancy$15,539$2,375$1,090$19,004
Office Expenses$14,134$2,040$959$17,133
Information Technology$8,845$3,897$751$13,493
Fees for Services Accounting$558$5,816$56$6,430
Depreciation Depletion$3,984$859$158$5,001
Insurance$4,130$490$209$4,829
Payroll Taxes$1,066$1,369$137$2,572
Fees for Services Other$1,330--$1,330
Other Expenses$735$256$36$735
Fees for Service Investment Mgmnt Fees-$270-$270
Advertising$118--$118
All Other Expenses-$62-$62
Total Functional Expenses$66,332$30,655$5,622$102,609
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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
No
Other officer compensation reviewed
No
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, Part VI, Section A, Line 2

Donna Damon was the key founder, the long-time leader and our principal curator. She was paid as an employee through her retirement in June 2024 (min wage only). She was an employee but not a Trustee or Officer in any recent time.Doug Damon, husband of Donna Damon, is a highly skilled a cabinet-maker and craftsman. In 2024, He did work as a contractor on our major Permanent Exhibit project. He also did lesser amounts of building/equipment work. We compensatedhim by invoice and 1099. He also did lesser amounts of building/equipment work.Doug Damon was also a mercandise vendor of local craftsmanship, sold at retail in the Musem Shop

Form 990, Part VI, Section A, Line 6

MEMBERS

Form 990, Part VI, Section A, Line 7A

Members elect governing body

Form 990, Part VI, Section A, Line 7B

Under Article II of the Bylaws, Members approve the annual dues, establish the size of the Governing Board, elect and/or remove Officers and Trustees, amend the Articles of Incorporation and the Bylaws, approve disposition of substantially all of the assets and property of the Society or its dissolution or merger, and vote on any other matter submitted to the members by the Governing Board.

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

CPA drafts return, submits to President and Treasurer for review by Governing Board, Treasurer signs return upon approval.

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

Members of the Governing Board annually sign a Conflict of Interest Policy and Discloser Form. During the year, if any potential conflicts are identified, they are disclosed to the Governing Board and the affected member does not participate in discussing or voting on the matter. Board minutes note the disclosure and the member's absence from discussion or voting.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Chebeague Island Historical Society
EIN
22-2561762
Phone
2078465237
Address
PO BOX 28, CHEBEAGUE ISLAND, ME 04017

Signing Officer

Name
Ted Ballard
Title
Treasurer
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
TED BALLARD treasurer
Formed
1985
Legal Domicile
Me
Voting Board Members
16
Independent Board Members
16
Employees
6
Volunteers
30

Preparer

Firm
Tracy Cassidy CPA Sc
Address
1 Nugget Ln, BRUNSWICK, ME 04011
Preparer
Tracy Cassidy CPA
Phone
2075221014
Supplemental Narrative

Additional Explanations

Restatement

Investments were included with cash on the 2023 form 990 $27,476. This has been reclassified as investments

Financial Statement Notes

Part III, Line 1A: If organization elected under SFAS 116 to not report are, historical treasures, O

Pt III, Line 4: The organization owns historical treasures related to the historyof Chebeague Island. These treasures are on display in the museum for publicviewing or are retained in the organization's collection for future exhibits.

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IRS990/ProgSrvcAccomActy2Grp/Desc0In 2024, The Chebeague Island Historical Society opened a new permanent exhibit entitled Creating a Sense of Place: The Evolution of the Chebeague Community. The plan is for gradual changes over time with updates from the collection.
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IRS990/ProgSrvcAccomActy3Grp/Desc0Other key Programs and Events continued this year, including the Ellsworth Miller Memorial lecture series, the Sloops Log publication, and the annual Memorial Day service, this year focused on those who served in the years between WWII and the Vietnam War (1945-1964).
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0The House Tour program resumed this year -- Island Homes: Evolution of our Community which included 6 homes. This was the first house tour since before the pandemic.
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