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MAINE FOREST AND LOGGING MUSEUM INC

Find your place in the woods.

GuideStar Charity Check

MAINE FOREST AND LOGGING MUSEUM INC

EIN: 01-6019448


Mission

The mission of the Maine Forest and Logging Museum is to celebrate Maines rich forestry and logging history through education, demonstration, preservation, and conservation; fostering curiosity and enjoyment for all ages; and to inspire and encourage others to join our efforts.

Ruling year info

1962

President

Mr. Mike Wetherbee

Main address

P.O. Box 104

Bradley, ME 04411 USA

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EIN

01-6019448

Subject area info

Arts and culture

Forest preservation

Museums

Population served info

Children and youth

Adults

Families

People with disabilities

Retired people

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NTEE code info

Cultural, Ethnic Awareness (A23)

Education N.E.C. (B99)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Communication

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Living History

Leonard's Mills is the Museum's living history site, located in Bradley, Maine, on the banks of Blackman Stream. The remains of a pioneer settlement identified by a stone dam and several house foundations of the late 1700s reveal the historical significance of this particular stream location. Today, Leonard's Mills breathes life once again as the Museum continues an authentic reconstruction of a pioneer milling community of the late 1700s to educate people of all ages about Maine's forest heritage. The Museum presents several special events annually : Alewife Day - May; Childrens' Days - May & June Heavy Metal - July; Living History Days - Oct We also offer Educational Tours, Bean-Hole-Bean dinners, and Horse-Drawn winter Sled Rides (when conditions permit) to further our mission of education.

Population(s) Served

Where we work

Financials

MAINE FOREST AND LOGGING MUSEUM INC
Fiscal year: Jan 01 - Dec 31

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

522.95

Average of 440.47 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

10.6

Average of 7.5 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

8%

Average of 8% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

MAINE FOREST AND LOGGING MUSEUM INC

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

MAINE FOREST AND LOGGING MUSEUM INC

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

MAINE FOREST AND LOGGING MUSEUM INC

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of MAINE FOREST AND LOGGING MUSEUM INC’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation -$81,762 $2,794 -$1,413 $36,318 $20,671
As % of expenses -71.4% 3.5% -2.8% 90.2% 23.2%
Unrestricted surplus (deficit) after depreciation -$82,762 $1,794 -$1,496 $35,543 $14,781
As % of expenses -71.6% 2.2% -2.9% 86.6% 15.6%
Revenue composition info
Total revenue (unrestricted & restricted) $87,107 $96,707 $107,495 $105,826 $128,554
Total revenue, % change over prior year 25.4% 11.0% 11.2% -1.6% 21.5%
Program services revenue 41.3% 44.7% 3.6% 9.7% 36.0%
Membership dues 3.2% 2.9% 2.2% 1.0% 1.5%
Investment income 1.5% 2.9% 2.3% 3.3% 3.1%
Government grants 17.2% 0.0% 57.7% 17.4% 19.4%
All other grants and contributions 36.8% 47.3% 34.1% 67.1% 44.1%
Other revenue 0.0% 2.1% 0.1% 1.5% -4.3%
Expense composition info
Total expenses before depreciation $114,552 $79,668 $50,818 $40,273 $88,914
Total expenses, % change over prior year 33.1% -30.5% -36.2% -20.8% 120.8%
Personnel 33.1% 47.3% 48.7% 33.5% 29.8%
Professional fees 2.8% 1.4% 2.7% 5.3% 2.5%
Occupancy 11.7% 7.0% 0.0% 0.0% 0.4%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 0.0% 0.0% 0.0% 0.0% 0.0%
All other expenses 52.5% 44.3% 48.6% 61.2% 67.3%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $115,552 $80,668 $50,901 $41,048 $94,804
One month of savings $9,546 $6,639 $4,235 $3,356 $7,410
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $0 $0 $0 $15,500 $0
Total full costs (estimated) $125,098 $87,307 $55,136 $59,904 $102,214

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 3.2 4.8 24.3 16.7 10.6
Months of cash and investments 13.5 23.7 54.5 85.5 39.7
Months of estimated liquid unrestricted net assets 4.0 6.1 9.2 17.9 10.9
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $30,606 $32,098 $102,721 $55,932 $78,725
Investments $98,162 $125,001 $128,164 $231,010 $215,694
Receivables $0 $0 $0 $0 $0
Gross land, buildings, equipment (LBE) $574,094 $574,094 $574,094 $589,594 $589,594
Accumulated depreciation (as a % of LBE) 0.6% 0.8% 0.8% 0.9% 1.9%
Liabilities (as a % of assets) 0.1% 1.1% 3.1% 3.5% 0.1%
Unrestricted net assets $608,364 $610,158 $608,662 $644,205 $658,986
Temporarily restricted net assets $49,500 N/A N/A N/A N/A
Permanently restricted net assets $48,978 N/A N/A N/A N/A
Total restricted net assets $98,478 $112,725 $170,815 $200,048 $219,017
Total net assets $706,842 $722,883 $779,477 $844,253 $878,003

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization

President

Mr. Mike Wetherbee

Number of employees

Source: IRS Form 990

MAINE FOREST AND LOGGING MUSEUM INC

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
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Compensation data
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There are no highest paid employees recorded for this organization.

MAINE FOREST AND LOGGING MUSEUM INC

Board of directors
as of 02/08/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Mike Wetherbee

Tim Beaulieu

Retired forester

Byron Aubrey

Retired Production supervisor and methods planner

Keith Kanoti

University of Maine

Sean Hutchinson

Rock Maple Holdings

Ken Carle

Carle and Associates

John Bryant

Retired forester

Brian Barker

Newfangled Solutions

Peter Collins

Southworth Milton

Mike Wetherbee

Axewomen Loggers of Maine

Alissa Wetherbee

Axewomen Loggers of Maine

Tom Christensen

Retired professor

Terri Coolong

Maine Forest Service

Terry Harper

Presque Isle Tech Center

Ben Stevens

Penobscot Nation