Public Charity

MOUNT DESERT 365

MOUNT DESERT 365 is a Public Charity headquartered in NORTHEAST HARBOR, ME. Financial data from the 2024 filing: $2.7M revenue, $655K expenses, $12.0M total assets. 4 publicly reported grants to this organization, totaling roughly $1.2M, appear in IRS filings.

EIN: 821645703 NORTHEAST HARBOR, ME Latest filing: 2024
Total Revenue$2.7M
Total Expenses$655K
Total Assets$12.0M
Grant Records4
Funding Total$1.2M
Filing Years2020–2024

Mission

MOUNT DESERT 365 (THE CORPORATION) ENGAGES IN ACTIVITIES TO PRESERVE AND INCREASE THE SUPPLY OF AFFORDABLE WORKFORCE HOUSING FOR YEAR-ROUND RESIDENTS OF MOUNT DESERT (THE TOWN) AND PROMOTE ECONOMIC REVITALIZATION OF COMMERCIAL AREAS ADVERSELY IMPACTED BY THE LOSS OF YEAR- ROUND RESIDENTS. THE CORPORATION WILL INCREASE THE SUPPLY OF AFFORDABLE HOUSING FOR SALE TO YEAR-ROUND RESIDENTS, ENSURING THAT IT STAYS AFFORDABLE IN PERPETUITY AND CANNOT BE ACQUIRED BY SUMMER RESIDENTS FOR SEASONAL USE OR VACATION RENTALS. THE CORPORATION HAS ACQUIRED AND WILL DEVELOP MIXED- USE RESIDENTIAL/COMMERCIAL PROPERTIES FOR RENTAL ON AFFORDABLE TERMS TO RESIDENTS AND BUSINESSES ON A YEAR-ROUND BASIS. THIS ACTIVITY WILL INCREASE THE YEAR-ROUND POPULATION OF PEOPLE LIVING AND/OR WORKING IN THE VILLAGE, ADDRESS THE NEED FOR AFFORDABLE RENTAL RESIDENTIAL OPTIONS, PROVIDE PRODUCTS AND SERVICES TO SERVE THE YEAR-ROUND COMMUNITY AND/OR INCREASE THE CONSUMERBASE TO SUPPORT LOCAL BUSINESSES.

Sample Grants Received

NATIONAL PHILANTHROPIC TRUST
2023
ENVIRONMENT, ANIMALS
$1,200,000
Maine Technology Institute
2022
The Hub is a response to Maines Economic Development Strategys (MEDS) call for hubs of excellence with conditions present for strong economic growth. The region from lower Penobscot County to the coastal areas of Hancock and Washington Counties includes assets, infrastructure, and activities already in place that define the Hub, including health, education, transportation, and cultural services. The focus on life sciences and technology encompasses enterprises representing all of MTIs targeted technology sectors. Our goal is to put this region on the map for life sciences and technology and to help companies within the region accelerate their growth through new connections and to attract outside investment and talent. The Hub seeks funding for professional services to create a marketing strategy, branding kit, and website as the tools leading to networking, collaboration, and deliberate brokering opportunities in the region, plus promotion outside Maine to recruit new talent, innova
$18,000
Maine Community Foundation Inc
2019
Urban & Community Economic Development
$5,000
Maine Community Foundation Inc
2018
Rural Economic Development
$10,000

Showing up to 5 of 4 total records — full history available with membership.

Officers & Directors

ASST. TREASU C Scott Brannan
TREASURER Daniel James Falt
TREASURER Henry Schmelzer
DIRECTOR H Winston Holt Iv
EXECUTIVE DI Kathleen Miller
SECRETARY Mitchell Rales

Officer compensation and complete director data available with membership.

Top Grant Purposes

ENVIRONMENT, ANIMALS
$1,200,000 1 grant
The Hub is a response to Maines Economic Development Strategys (MEDS) call for hubs of excellence with conditions present for strong economic growth. The region from lower Penobscot County to the coastal areas of Hancock and Washington Counties includes assets, infrastructure, and activities already in place that define the Hub, including health, education, transportation, and cultural services. The focus on life sciences and technology encompasses enterprises representing all of MTIs targeted technology sectors. Our goal is to put this region on the map for life sciences and technology and to help companies within the region accelerate their growth through new connections and to attract outside investment and talent. The Hub seeks funding for professional services to create a marketing strategy, branding kit, and website as the tools leading to networking, collaboration, and deliberate brokering opportunities in the region, plus promotion outside Maine to recruit new talent, innova
$18,000 1 grant
Rural Economic Development
$10,000 1 grant
Urban & Community Economic Development
$5,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $2.7M $655K $12.0M
2023 $328K $652K $9.9M
2022 $160K $628K $10.3M
2021 $1.5M $624K $10.7M
2020 $2.1M $464K $9.9M

Between 2020 and 2024, reported annual revenue grew from $2.1M to $2.7M (+32%), with total assets most recently reported at $12.0M.

Interactive year-over-year charts and full filing details available with membership.

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