Ocean Point Colony Trust Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 237185846 ✦ East boothbay, ME ✦ Designated as a 501(c)(3)

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Overview

What is Ocean Point Colony Trust Inc?

Ocean Point Colony Trust Inc, based in East Boothbay, Maine, is a nonprofit organization dedicated to the community's wellbeing. They manage and preserve over 14 acres of land, preserving a significant portion in a natural state, featuring woodlands, playgrounds, ballfields, tennis courts, a casino building, a beach, and extensive ocean frontage. Their prime mission is to ensure these resources are accessible to the public for recreation and enjoyment at no cost. During 2022, they provided a variety of activities for children and adolescents, including sports, arts, and crafts, as well as reading programs and social events. They also offer tennis lessons, clinics, and field a tennis team. Additionally, they foster a sense of camaraderie and volunteerism among young people by encouraging them to participate in fundraising events and maintain the organization's properties. The Trust's commitment extends to woodlot management, trail development, and the organization of events such as barbecues, dinners, and races. In summary, Ocean Point Colony Trust Inc plays a vital role in the Boothbay Region of Maine by providing public access to its properties and enriching the community with a host of recreational and educational programs.


Official website here: www.oceanpointcolonytrust.org

What are the reviews and ratings of this charity?

Rating from Charity Navigator: 76%, Three-Star out of Four Star rating.

Ocean Point Colony Trust Inc has received a moderate rating of 76% based on its accountability and finance practices. The organization excels in several areas, such as having a fully independent board and a strong program expense ratio of 93.69%, indicating effective use of funds towards its mission. Additionally, it has no material diversion of assets, which speaks to its integrity in financial management.

However, the organization does face some limitations, particularly in governance policies. It lacks essential documents such as a conflict of interest policy, a whistleblower policy, and guidelines for document retention and destruction. These missing components may raise concerns about transparency and accountability within the organization.

Overall, while Ocean Point Colony Trust Inc demonstrates strong financial health and responsible governance in certain respects, addressing its policy gaps could enhance its overall credibility and trustworthiness in the nonprofit sector.


This AI summary has been generated from information found on Charity Navigator.

Is Ocean Point Colony Trust Inc legitimate?

Ocean Point Colony Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ocean Point Colony Trust Inc 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: $13,331

For more financial information, click here


Official website here: www.oceanpointcolonytrust.org

What is the mission statement of Ocean Point Colony Trust Inc?

The Ocean Point Colony Trust Inc is committed to the responsible management of resources for public benefit, aiming to create enjoyable programs and activities. Their mission is to preserve and maintain land for public use, with a focus on providing facilities such as woodlands, playgrounds, ballfields, tennis courts, and beaches. They strive to offer a variety of recreational activities for children and adults, including sports, arts and crafts, and social events. Moreover, they foster a sense of camaraderie and volunteerism among young people by encouraging participation in community events and property maintenance.


Official website here: www.oceanpointcolonytrust.org

Who is the CEO of Ocean Point Colony Trust Inc?

Alex Hall is the President of Ocean Point Colony Trust Inc.


Official website here: www.oceanpointcolonytrust.org

What is the revenue of Ocean Point Colony Trust Inc?

Ocean Point Colony Trust Inc's revenue in 2022 was $84,057.


Official website here: www.oceanpointcolonytrust.org

Who are the executives of Ocean Point Colony Trust Inc and what are their salaries?

The average compensation at Ocean Point Colony Trust Inc during 2022 was $6,666. There are 2 employees and 50 volunteers at Ocean Point Colony Trust Inc.


Here are 10 key members and their salaries:


Alex Hall (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barbara Slayton (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barbara Klein (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maryellen Bertrand (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Anderson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kelly Robbins (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ken Schroeder (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Klein (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alicia Raymond (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Taylor (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.oceanpointcolonytrust.org

Where can I find the form 990 for Ocean Point Colony Trust Inc?

Ocean Point Colony Trust Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.oceanpointcolonytrust.org

Learn more at the official website: www.oceanpointcolonytrust.org

Mission Statement of Ocean Point Colony Trust Inc

Ocean Point Colony Trust Inc, a dedicated organization, is committed to the responsible stewardship of properties and resources for public use. Their mission is to create and facilitate a variety of programs and activities at their location for the enjoyment of all. This nonprofit takes pride in preserving and maintaining over 14 acres of land, keeping a significant portion in a forever wild state.

Their holdings include woodlands, playgrounds, ballfields, tennis courts, a casino building, a beach, and parking area, with an impressive 1000 feet of ocean frontage. To ensure these resources remain undeveloped, they have taken measures to protect them.

In addition to their conservation efforts, Ocean Point Colony Trust Inc offers a host of recreational activities for visitors of all ages. These range from athletic activities like soccer, softball, volleyball, tennis, capture the flag, and kickball, to arts and crafts workshops for children, and reading programs. They also host social and dining events for people of all ages, and encourage volunteerism among young people for fundraising events and maintaining their properties.

In essence, Ocean Point Colony Trust Inc serves as a hub for public recreation and community engagement, offering a wealth of activities while preserving natural resources for future generations to enjoy.

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Impact




June, 2024

Ocean Point Colony Trust Inc's impact is significant in the East Boothbay community and beyond. The organization's dedication to responsible stewardship of properties and resources for public use at Ocean Point, Maine has provided countless visitors with access to over 14 acres of preserved land. By maintaining a "forever wild" state for much of its holdings, including woodlands, a playground, ballfields, tennis courts, a casino building, and ocean frontage protected from development, Ocean Point Colony Trust has created a valuable recreational and natural resource for residents and visitors alike.

Additionally, the organization's diverse programs and activities cater to a wide range of interests and ages, from athletic activities like soccer, softball, and tennis, to arts and crafts workshops, reading programs, and social events such as barbecues, dinners, and races. Through these offerings, Ocean Point Colony Trust promotes community engagement, volunteerism, and a sense of camaraderie among participants.

Overall, Ocean Point Colony Trust Inc's impact can be seen in the enrichment of the local community through access to nature, recreational opportunities, and a vibrant social calendar, making it a valuable asset for all those who enjoy the offerings at Ocean Point, Maine.




This information is meant to be a general summary of Ocean Point Colony Trust Inc. 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.

Revenue
$84,057 (2022)
Expenses
$98,995 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $12,800
  • Gross Receipts: $87,245

Assets and Liabilities:

  • Total Assets: $1,524,577
  • Total Liabilities: $2,000
  • Net Assets: $1,522,577

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Tennis Program Fees

Revenue

$12,800

Organization Details

Founding Year

1971

Principal Officer

Alex Hall

Main Address

PO Box 642, East Boothbay, ME, 04544

NTEE Category

Code: C11 - Environment

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