2025-03-11T06:13:35-05:00 2024-06-30 010523282 Berry Dunn McNeil & Parker LLC 2211 Congress St Portland ME 04102 990 2023-07-01 222786731 Island Institute ISLA 2075949209 386 Main Street PO Box 648 Rockland ME 04841 Peter Rand Chief Financial Officer 2075949209 2025-03-03 1 1 Melissa Magoon CPA P01712842 2077752387 2025-03-03 2023 2025-03-06 01:10:19Z Peter Rand 386 Main Street PO Box 648 Rockland ME 04841 12014394 0 X www.islandinstitute.org X 1983 ME We boldly navigate climate and economic change with island and coastal communities to expand opportunities and deliver solutions. 16 16 81 19 52248 0 6879028 5926912 257301 288490 3947132 1250595 250036 264760 11333497 7730757 1524665 727453 0 0 5096624 6117653 0 0 1452004 2334428 2247008 8955717 9092114 2377780 -1361357 36646542 38393601 1002280 1055661 35644262 37337940 X We boldly navigate climate and economic change with island and coastal communities to expand opportunities and deliver solutions. 0 0 1019579 179949 44754 Creating a diversified, climate-forward marine economy, by investing in clean marine energy solutions, working waterfront protection efforts, support of sustainable seafood, and collaboration with scientists, policymakers, community leaders and industry experts to address challenges to the lobster industry. 913721 69730 40107 Building climate resilience by helping communities adapt in the face of rising seas, warming waters and ocean acidification. 1953736 201526 85758 Cultivating community-led solutions through the Island Fellows program, grants, scholarships, education, and workforce pathways exeriences. 2685359 276248 364632 Ancillary programmatic support 2685359 276248 364632 6572395 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 72 0 1 81 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 ME X X Peter Rand 2075949209 386 Main Street PO Box 648 Rockland ME 04841 Kristin Howard Chair 2.00 X X 0 0 0 Douglas Henderson Vice Chair 2.00 X X 0 0 0 Kate Vogt Treasurer 2.00 X X 0 0 0 Shey Conover Secretary 2.00 X X 0 0 0 Michael P Boyd Clerk 1.00 X X 0 0 0 Sebastian Belle Trustee 1.00 X 0 0 0 David Cousens Trustee 1.00 X 0 0 0 Megan McGinnis Dayton Trustee 1.00 X 0 0 0 Michael Felton Trustee 1.00 X 0 0 0 Nathan Johnson Trustee 1.00 X 0 0 0 Emily B Lane Trustee 1.00 X 0 0 0 Bryan Lewis Trustee 1.00 X 0 0 0 Michael Sant Trustee 1.00 X 0 0 0 Michael Steinharter Trustee 1.00 X 0 0 0 Carol White Trustee 1.00 X 0 0 0 Donna Wiegle Trustee 1.00 X 0 0 0 Charles Owen Verrill Jr Past Secretary 2.00 X X 0 0 0 Barbara Sweet Past Trustee 1.00 X 0 0 0 Kimberly Hamilton President 40.00 X 265623 0 13740 Peter Rand Chief Financial Officer 40.00 X 158230 0 31653 Susan Bernier Chief Philanthropy Officer 40.00 X 163406 0 9780 Jacqueline Little Chief Human Resources Officer 40.00 X 123952 0 33428 Nicholas Battista Chief Policy Officer 40.00 X 123497 0 18257 834708 0 106858 5 0 1 0 Systems Engineering 120 Exchange Street Portland ME 04101 IT Support Sevices 107814 1 1858354 465816 3602742 30709 5926912 Earned Income 900099 151420 151420 Other Income 900099 84822 84822 Publications/Information 541800 52248 52248 288490 920389 920389 4165569 3835363 330206 330206 330206 713034 448274 264760 264760 7730757 501002 52248 1250595 407800 407800 319653 319653 567609 126743 324938 115928 4536587 3322985 342623 870979 198301 144258 17938 36105 454134 309864 60063 84207 361022 239708 55132 66182 15010 4016 10994 39850 39850 50442 50442 126217 126217 461805 369048 92269 488 53192 53192 199131 130607 21017 47507 257563 69031 171339 17193 152000 24525 125500 1975 169857 145820 9782 14255 15766 14837 929 97873 72284 10969 14620 30453 26 30427 Program Support Service 235013 534573 -444790 145230 Pulications 225891 191156 771 33964 Employee Training & Dev 72766 62774 8355 1637 Equipment Cost 44179 29495 12950 1734 9092114 6572395 1067715 1452004 X 50029 28129 2866316 2448106 717673 783011 88377 398251 51700 99756 299624 337102 152006 183180 3388351 2515044 933229 873307 28697582 30390188 94557 94557 51386 116663 2644063 2641351 36646542 38393601 827298 827563 23596 11818 100000 100000 51386 116280 1002280 1055661 X 16707259 15659314 18937003 21678626 35644262 37337940 36646542 38393601 X -1361357 2957179 97856 X 0 1 X 1 0 X 4071653 6057758 5826528 2879028 5926912 24761879 4071653 6057758 5826528 2879028 5926912 24761879 3786493 20975386 614355 525560 831463 688197 920389 3579964 28341843 2340778 0.74010 0.76180 X Schedule A, Part VI, List of Unusual Grants: Description: Cash Contribution Date: 06/30/23 Amount: 4000000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 50442 50442 9041672 9092114 604606 151152 0 0 520087 508920 597786 604606 2231399 3347099 48761 16207 21395 50442 136805 130022 127230 149447 151152 557851 836777 28677517 3873359 2192752 30358124 26762060 4160000 2918954 5163497 28677517 30987978 694333 -3830875 1089376 26762060 24361595 1153458 6502544 1029619 30987978 22925444 2039990 382516 986355 24361595 0.44021 0.41755 0.14224 0 0 85919 85919 2213639 1446526 767113 1011875 991600 20275 76918 76918 0 873307 Beneficial Interest in Perpetual Trust 2006988 Cash Surrender Value of Life Insurance Policy 556518 Section 457(b) Retirement Plan Assets 52420 Other Assets 25425 2641351 Operating Lease Liabilities 116280 116280 X 11107849 2957179 546130 3503309 7604540 126217 126217 7730757 9414171 448274 448274 8965897 126217 126217 9092114 Part V, Line 4: The purpose of the organization's endowment funds is to provide investment income and gains to further various activities of the institution. Part X, Line 2: The Institute is exempt from income tax under Section 501(c)(3) of the Internal Revenue Code (the Code). In addition, the Institute qualifies for the charitable contribution deduction under Section 170(b)(1)(A) and has been classified as an organization other than a private foundation under Section 509(a)(2) of the Code. U.S. generally accepted accounting principles (U.S. GAAP) require management to evaluate tax positions taken by the Institute and recognize a liability if the Institute has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service and state taxing authorities. The Institute is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Part XI, Line 2d - Other Adjustments: Change in Beneficial Interest in Perpetual Trust 97,856. Cost of Goods Sold 448,274. Part XII, Line 2d - Other Adjustments: Cost of Goods Sold 448,274. 1 Luke's Lobster Holding LLC 84 Industrial Park Rd Saco ME 04072 383977756 54255 0 Lift all Boats Community Shellfish Co LLC PO Box 106 Bremen ME 04551 10000 0 Responsive Fund - Storm Response Greenhead Lobster 38 Ocean St 2 Stonington ME 04681 010515454 10000 0 Responsive Fund - Storm Response Town of Brunswick 85 Union St Brunswick ME 04011 016000089 Government 7930 0 ShoreUp Sea Level Rise Grant Town of Southport PO Box 149 Southport ME 04576 016000375 Government 10000 0 ShoreUp Sea Level Rise Grant Town of Swans Island PO Box 11 Swans Island ME 04685 016000391 Government 10000 0 ShoreUp Sea Level Rise Grant Town of Islesboro PO Box 76 Islesboro ME 04848 016000214 Government 10000 0 ShoreUp Sea Level Rise Grant Monhegan Plantation 262 Monhegan Ave Monhegan ME 04852 010280086 Government 10000 0 ShoreUp Sea Level Rise Grant Hylan and Brown Boat Builders 10 Frank Day Lane Brooklin ME 04616 010522185 10000 0 Business Resilience Grant National Lead for America Inc 100 S Market St Suite 2C Wichita KS 67202 831839530 501(c)(3) 26667 0 Broadband Planning Midcoast Council of Governments PO Box 62 Damariscotta ME 04543 010542494 Government 6000 0 Broadband Planning Hancock County Planning Commission 395 State St Ellsworth ME 04605 010310087 501(c)(3) 6000 0 Broadband Planning Frenchboro Congregational Church 900804494 26248 0 Historical Building Preservation 9 4 Compass Grants 21 29500 Workforce training grants Scholarships 39 78000 College scholarships for island/coastal students Geiger Scholarships 26 53859 Travel/enrichment scholarships for island/coastal students Storm Response Grants 14 42500 Grants made to individuals in response to winter storms ShoreUp Grants 1 2300 Grants made to individuals for sea level rise planning Business Resilience Grants 41 113494 Grants made to individuals to support small business Part I, Line 2: Grants and scholarship funds are monitored through continued relationships with and reporting from the recipients. X 0 0 X X X 0 0 0 0 0 0 0 1 0 Kimberly Hamilton President 220133 0 108 0 45382 0 4038 0 9702 0 279363 0 0 0 Peter Rand Chief Financial Officer 157797 0 433 0 0 0 10146 0 21507 0 189883 0 0 0 Susan Bernier Chief Philanthropy Officer 163081 0 325 0 0 0 9780 0 0 0 173186 0 0 0 Jacqueline Little Chief Human Resources Officer 123844 0 108 0 0 0 3686 0 29742 0 157380 0 0 0 Part I, Line 1b The organization provided a taxable housing allowance to the current president. The housing allowance was included in the offer of employment, and is not part of an organizational policy. Part I, Line 7 Discretionary bonuses were authorized for members of the senior leadership team in June 2024, in recognition of organizational and individual performance. X 6 30709 Stock Market Value 0 1 0 Form 990, Part VI, Section B, line 11b The Board of Trustees has delegated the detail review of the draft Form 990 prepared by independent accountants to their Finance committee. The Finance Committee and management reviews the 990, and prior to submission, a public inspection copy of the Form 990 is provided to the entire Board of Trustees. Form 990, Part VI, Section B, line 12c The organization monitors compliance with its conflict of interest policy through a formal annual conflict of interest statement required by all trustees and ongoing communication with members of the board of trustees throughout the year. Form 990, Part VI, Section B, line 15 The Executive Committee of the board is empowered to undertake all trustee matters, including an annual review of the president's performance. They meet annually with the president and review their formal evaluation. The full board in executive session reviews the outcome of that meeting and then votes on the president's compensation, taking into account comparable compensation data obtained for other similar organizations. The organization conducts a market study of compensation every 2 to 3 years of employee compensation, including for key employees. These deliberations and decisions are documented in meeting minutes and in budget materials. Form 990, Part VI, Section C, line 19 The organization makes these documents available upon request. Form 990, Part X, Line 10: Land, Buildings, and Equipment Section 1.263(a)-3(n) Election: Island Institute 386 Main Street, PO Box 648 Rockland, ME 04841 EIN: 22-2786731 Section 1.263(a)-3(n) Election: Island Institute is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n). Form 990, Part XI, line 9: Change in Beneficial Interest in Perpetual Trust 97,856. Davis Conservation Foundation 30 Forest Falls Dr STE 5 Yarmouth ME 04096 222976811 Awards Grants ME 501(c)(3) Line 12a, I N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0