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Island Institute

Public charity990-T FY2023
Other · ROCKLAND, ME · EIN 22-2786731

About

We boldly navigate climate and economic change with island and coastal communities to expand opportunities and deliver solutions.

Donations are tax-deductible
Category
Other
Employees
81
Volunteers
19

Financial Snapshot

FY ending 2024-06-30
Revenue
$7.7M
Expenses
$9.1M
Assets
$38.4M
Liabilities
$1.1M

Financial history

$11.8M$5.9M$0
1718192021222324
RevenueExpenses
Latest FY2024: $7.7M · Peak FY2017: $11.8M · Avg: $8.8M

501(h) election

This 501(c)(3) elected the 501(h) safe-harbor — lobbying expenditures are capped under a clear dollar formula instead of the "insubstantial part" standard.

Political & Grant Activity

Campaign Spending
—
Lobbying
$50K
Grants Given
$180K
ISLAND INSTITUTE
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Address

386 Main ST
Rockland, ME, 04841-334

Governance

Voting board members16
Independent members16
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardNo

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Used comp surveyYes
Board approved compYes
Initial contract exceptionNo

Financial detail (Schedule D)

Board-designated %44.0%
Permanent endowment %41.8%
Endowment held by related orgNo
Public records
ProPublica Nonprofit Explorer ↗
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