EIN 22-2786731

Island Institute

IRS 501(c) type
501(c)(3)
Num. employees
81
City
Rockland
State
Year formed
1983
Most recent tax filings
2024-06-01
Description
The Island Institute works to sustain Maine's Island and remote coastal communities and exchanges ideas and experiences to further the sustainability of communities here and elsewhere. We boldly navigate climate and economic change with island and coastal communities to expand opportunities and deliver solutions. To sustain Maine's year-round islands and remote coastal communities.
Total revenues
$7,730,757
2024
Total expenses
$9,092,114
2024
Total assets
$38,393,601
2024
Num. employees
81
2024

Program areas at Island Institute

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.
Cultivating community-led solutions through the Island Fellows program, grants, scholarships, education, and workforce pathways exeriences.
Building climate resilience by helping communities adapt in the face of rising seas, warming waters and ocean acidification.
Ancillary programmatic support

Grants made by Island Institute

GranteeGrant descriptionAmount
Lead for AmericaBroadband Planning$26,667
Midcoast Council of GovernmentsBroadband Planning$6,000
Hancock County Planning CommissionBroadband Planning$6,000

Who funds Island Institute

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Builders Initiative FoundationTo Catalyze Innovation Among Maine's Lobster and Aquaculture Supply Chains and Build A Sustainable Blue Economy Ecosystem That Is Resilient To Climate Change and Fosters A Healthy Ocean.$500,000
Cornerstone FoundationSupport Charitable Activities$325,000
Ud W Bingham 2nd 070535Unrestricted General$203,000
...and 69 more grants received totalling $2,344,435

Personnel at Island Institute

NameTitleCompensation
Robert BeamsChief Operating Officer$140,305
Peter RandChief Financial Officer$151,061
Susan BernierChief Philanthropy Officer$166,781
Nicholas BattistaChief Policy Officer$114,551
Suzanne MacDonaldChief Community Development Officer$100,982
...and 2 more key personnel

Financials for Island Institute

RevenuesFYE 06/2024
Total grants, contributions, etc.$5,926,912
Program services$288,490
Investment income and dividends$920,389
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$330,206
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$264,760
Miscellaneous revenues$0
Total revenues$7,730,757

Form 990s for Island Institute

Fiscal year endingDate received by IRSFormPDF link
2023-062024-02-07990View PDF
2022-062023-02-08990View PDF
2021-062022-03-14990View PDF
2020-062021-04-14990View PDF
2019-062020-08-19990View PDF
...and 9 more Form 990s
Data update history
January 15, 2025
Received grants
Identified 18 new grant, including a grant for $500,000 from Builders Initiative Foundation
November 23, 2024
Received grants
Identified 9 new grant, including a grant for $11,000 from American Endowment Foundation
August 25, 2024
Received grants
Identified 23 new grant, including a grant for $325,000 from Cornerstone Foundation
May 24, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 21, 2024
Updated personnel
Identified 2 new personnel
Nonprofit Types
Grantmaking organizationsSocial advocacy organizationsEnvironmental organizationsHeadquarter / parent organizationsCharities
Issues
EducationLand and water conservationEnvironment
Characteristics
MembershipsLobbyingState / local levelReceives government fundingEndowed supportProvides scholarshipsTax deductible donationsAccepts online donations
General information
Address
386 Main St PO Box 648
Rockland, ME 04841
County
Knox County, ME
Website URL
islandinstitute.org/ 
Phone
(207) 594-9209
Facebook page
islandinstitute 
Twitter profile
@islandinstitute 
IRS details
EIN
22-2786731
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1983
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
C30: Natural Resources Conservation and Protection
NAICS code, primary
813312: Environment, Conservation, and Wildlife Organizations
Parent/child status
Central organization
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