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Nonprofits›Mount Desert 365

Community Improvement & Capacity Building

Mount Desert 365

NORTHEAST HARBOR, ME

Website View as a funder

Total revenue

$2.7M

Total expenses

$655K

Net assets

$11.0M

Grants received

$4.5M

12 grants

EIN

821645703

Tax year

2024

Mission

Charitable purposes including lessening the burdens of government and combating community deterioration in the town of mount desert, maine.

Programs

1 program

Residential revitalization - the corporation aims to increase the supply of affordable workforce housing to year-round residents while ensuring that such housing will stay affordable in the future, and thus remain workforce housing perpetually. The corporation will conduct the program in such a way that the supply of workforce housing remains available to the workforce and cannot be acquired by summer residents for use as seasonal homes. Currently, three properties are rented to year-round tenants, and one property has been sold under workforce housing covenants in conjunction with island housing trust. During 2024, plans for properties to be constructed and/or reconditioned for the purposes described were further developed and are progressing through the approval processes.

Expenses: $270KGrants: $2K

Financials

FY 2024

Revenue

Contributions & grants$2.5M

Program service revenue$125K

Investment income$75K

Other revenue—

Total revenue$2.7M

Expenses

Grants paid$2K

Salaries & benefits$274K

Fundraising$19K

Other expenses$380K

Total expenses$655K

Total assets$12.0M

Net assets$11.0M

People

11 listed

NameRoleCompensation

KATHLEEN MILLER

EXECUTIVE DI

Board

$144K

40 hrs/wk

RODNEY EASON

DIRECTOR

Board

—

2 hrs/wk

DANIEL JAMES FALT

TREASURER

Board

—

H WINSTON HOLT IV

DIRECTOR

Board

—

2 hrs/wk

PHILIP MORIARTY

PRESIDENT /T

Board

—

2 hrs/wk

MITCHELL RALES

SECRETARY

Board

—

2 hrs/wk

STEVEN RALES

PRESIDENT

Board

—

2 hrs/wk

NADIA ROSENTHAL

SECRETARY

Board

—

2 hrs/wk

RICHARD SAVAGE

PRESIDENT

Board

—

2 hrs/wk

HENRY SCHMELZER

TREASURER

Board

—

2 hrs/wk

C SCOTT BRANNAN

ASST. TREASU

Board

—

6 hrs/wk

Grants received

Showing 12 of 12

FromAmountPurposeYear

The Mitchell P Rales Family Foundation

$1.2M

GENERAL SUPPORT

2024

INDIAN PAINTBRUSH FOUNDATION

$25K

GENERAL SUPPORT

2024

NATIONAL PHILANTHROPIC TRUST

$1.2M

ENVIRONMENT, ANIMALS

2023

ACQUAVELLA FAMILY FOUNDATION

$100K

GENERAL PURPOSE

2023

THE EACHO FAMILY FOUNDATION

$1K

COMMUNITY

2023

Maine Technology Institute

$18K

The Hub is a response to Maines Economic Development Strategys (MEDS) call for hubs of excellence with conditions present for strong economic growth. The region from lower Penobscot County to the coastal areas of Hancock and Washington Counties includes assets, infrastructure, and activities already in place that define the Hub, including health, education, transportation, and cultural services. The focus on life sciences and technology encompasses enterprises representing all of MTIs targeted technology sectors. Our goal is to put this region on the map for life sciences and technology and to help companies within the region accelerate their growth through new connections and to attract outside investment and talent. The Hub seeks funding for professional services to create a marketing strategy, branding kit, and website as the tools leading to networking, collaboration, and deliberate brokering opportunities in the region, plus promotion outside Maine to recruit new talent, innova

2022

THE EACHO FAMILY FOUNDATION

$1K

CHARITABLE

2022

THE EACHO FAMILY FOUNDATION

$2K

CHARITABLE

2021

INDIAN PAINTBRUSH FOUNDATION

$500K

GENERAL SUPPORT