Overview
What is Marginal Way Preservation Fund?
The Marginal Way Preservation Fund is a non-profit organization based in Ogunquit, Maine, with a single employee. Its primary mission is to preserve, repair, and enhance the scenic coastal walkway known as the Marginal Way, a popular tourist destination that was officially recognized as a historic place by the United States Department of the Interior on March 23, 2022. The organization raises funds through various activities for an endowment, and the earnings from this endowment are used to finance projects aimed at beautifying, improving, and maintaining the Marginal Way. These efforts aim to ensure the path remains attractive and accessible for the hundreds of thousands of people who visit it annually.
Official website here: www.marginalwayfund.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Marginal Way Preservation Fund has received a Two-Star out of Four Star rating from Charity Navigator, indicating a need for improvement in certain areas. While the organization excels in leadership and adaptability with a perfect score of 100, its accountability and finance score is significantly lower at 56. This disparity highlights strengths in governance but raises concerns about financial management practices.
One of the notable strengths of the organization is its board composition, which consists entirely of independent members. This independence, along with the absence of material diversion of assets, suggests a commitment to ethical governance. However, the low program expense ratio of 3.52% indicates that a minimal portion of its budget is allocated to direct programming, which may limit its impact and effectiveness in achieving its stated goals.
Additionally, the Marginal Way Preservation Fund lacks a whistleblower policy, a critical element of organizational transparency and accountability. While the organization has set strategic goals aimed at fundraising and repairs from storm damage, the financial health indicated by a liabilities to assets ratio of 0.31% raises concerns about its sustainability and operational viability.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Marginal Way Preservation Fund?
With only two reviews available at this time, the Marginal Way Preservation Fund has created a positive impression among its visitors. One reviewer enthusiastically describes the walking path as one of the most beautiful in the country, expressing a strong emotional connection by stating they walk it every year and that "everyone loves it."
Visitors appreciate the unique charm and special qualities of the area, indicating that the preservation efforts are valued. Overall, the sentiment towards the Marginal Way Preservation Fund shines a light on its success in maintaining a beloved natural destination for the community and its admirers.
This AI summary has been generated from reviews found on Facebook.
Is Marginal Way Preservation Fund legitimate?
Marginal Way Preservation Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Marginal Way Preservation Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $110,000
For more financial information, click here
Official website here: www.marginalwayfund.org/
What is the mission statement of Marginal Way Preservation Fund?
The Marginal Way Preservation Fund is a non-profit organization dedicated to raising funds for projects aimed at repairing, preserving, and enhancing the scenic coastal walkway, commonly known as the Marginal Way, located in Maine. The Marginal Way was officially added to the National Register of Historic Places by the United States Department of the Interior on March 23, 2022, and receives hundreds of thousands of visitors annually who walk its path. The mission of the fund is to ensure the continued beauty and accessibility of this historic site for future generations.
Official website here: www.marginalwayfund.org/
Who is the CEO of Marginal Way Preservation Fund?
John Phinney is the Executive Di of Marginal Way Preservation Fund.
Official website here: www.marginalwayfund.org/
What is the revenue of Marginal Way Preservation Fund?
Marginal Way Preservation Fund's revenue in 2022 was $704,289.
Official website here: www.marginalwayfund.org/
Who are the executives of Marginal Way Preservation Fund and what are their salaries?
The average compensation at Marginal Way Preservation Fund during 2022 was $110,000. There is 1 employee and 14 volunteers at Marginal Way Preservation Fund.
Here are 16 key members and their salaries:
- Compensation: $110,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.marginalwayfund.org/
Where can I find the form 990 for Marginal Way Preservation Fund?
Marginal Way Preservation Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.marginalwayfund.org/
Learn more at the official website: www.marginalwayfund.org/
Mission Statement of Marginal Way Preservation Fund
The Marginal Way Preservation Fund is a non-profit organization dedicated to preserving and enhancing the scenic coastal walkway known as the Marginal Way, situated in a picturesque town in Maine. The organization's primary mission is to maintain the historical beauty of this walkway by funding projects aimed at repair, preservation, and beautification. The Marginal Way, officially recognized as a historic place by the United States Department of the Interior on March 23, 2022, attracts hundreds of thousands of visitors each year who walk along its path. By raising funds, the Marginal Way Preservation Fund ensures that this cherished landmark continues to captivate visitors and maintain its historic significance for generations to come.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Marginal Way Preservation Fund's impact can be seen in the preservation, repair, and beautification of the scenic coastal walkway known as the Marginal Way in Ogunquit, Maine. By raising funds through various activities and maintaining an endowment, the organization is able to support projects that enhance and maintain this historic pathway. This work contributes to the overall experience of visitors who come to appreciate the beauty and history of the Marginal Way, which was officially recognized as a historic place by the United States Department of the Interior. Furthermore, the Marginal Way Preservation Fund's efforts align with its mission to ensure the continued enjoyment and preservation of this cherished coastal landmark.
This information is meant to be a general summary of Marginal Way Preservation Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $117,605
- Gross Receipts: $704,289
Assets and Liabilities:
- Total Assets: $2,834,985
- Total Liabilities: $9,013
- Net Assets: $2,825,972
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2010
Phone
(207) 604-4884Principal Officer
John Phinney
Main Address
P O BOX 1455, OGUNQUIT, ME, 03907
Website
www.marginalwayfund.org/NTEE Category
Code: C50 - Environment
If you are a representative of Marginal Way Preservation Fund and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.