Lincolnville Community Foundation
- Assets
- $2.7m
- Revenue
- $109.8k
- Investments
- $2.3m
- Employees
- 0
- Location
- Lincolnville, ME
- Founding
- 06/2008
- Data as of
- 12/2021
- EIN
- 01-0354752
Organization Overview
Lincolnville Community Foundation is located in Lincolnville, ME. The organization was established in 2008. According to its NTEE Classification (M24) the organization is classified as: Fire Prevention, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lincolnville Community Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Lincolnville Community Foundation generated $109.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $179.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lincolnville Community Foundation has awarded 34 individual grants totaling $584,552. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LINCOLNVILLE COMMUNITY FOUNDATION INC. PROVIDES SUPPORT BY DONATING MONIES TO THE TOWN OF LINCOLNVILLE FOR THE PURCHASE OF EQUIPMENT, FIRE TRUCKS AND OTHER FIRE RELATED PURPOSES. THIS ACTIVITY SUPPORTS THE ENTIRE TOWN BY REDUCING THE AMOUNT OF TAXES NEEDED TO PROVIDE FOR THE FIRE DEPARTMENT.
TO PROVIDE SUPPORT FOR POST SECONDARY EDUCATION VIA SCHOLARSHIPS.
SUPPORT PROVIDED TO THE SPOUSE OF A FORMER LINCOLNVILLE FIREFIGHTER WHO PASSED AWAY DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Rollins President | 1 | $0 | |
Todd B Young Director | 1 | $0 | |
Kenneth Weed Secretary | 1 | $0 | |
Robert Libby Treasurer | 1 | $0 | |
Jacob Cookson Director | 1 | $0 | |
Samuel Lanning Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $300 |
| Interest on Savings | $11,344 |
| Dividends & Interest | $73,996 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $24,132 |
| Capital Gain Net Income | $24,132 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $109,772 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,876 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $533 |
| Printing and publications | $0 |
| Other expenses | $369 |
| Total operating and administrative expenses | $21,522 |
| Contributions, gifts, grants paid | $158,000 |
| Total expenses and disbursements | $179,522 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $394,798 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,204,793 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,677,441 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Lincolnville Community Foundation has awarded $158,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
TOWN OF LINCOLNVILLE MUNI FIRE DEPT PURPOSE: SUPPORT FOR THE LINCOLNVILLE MUNICIPAL VOLUNTEER FIRE DEPT. | $140,000 |
TIFFANY BALLOU PURPOSE: THE PURPOSE OF THIS GRANT WAS FOR THE SUPPORT OF A FORMER FIREFIGHTER'S SPOUSE AS SAID FIREFIGHTER PASSED AWAY. | $10,000 |
JUSTIN SECOTTE PURPOSE: SCHOLARSHIP | $1,000 |
ANNA CHRISTIE PURPOSE: SCHOLARSHIP | $1,000 |
HOPE OSGOOD PURPOSE: SCHOLARSHIP | $1,000 |
ISABELLE LANG PURPOSE: SCHOLARSHIP | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northeast Harbor Ambulance Service Inc Northeast Harbor, ME | $1,206,575 | $452,280 |
Saint George Volunteer Firemens Association Tenants Harbor, ME | $805,350 | $477,142 |
International Association Of Fire Fighters Etna, ME | $354,730 | $368,492 |
International Association Of Fire Fighters Portland, ME | $285,262 | $303,789 |
International Association Of Fire Fighters Nashua, NH | $633,174 | $305,698 |
Orrs And Bailey Islands Fire Department Orrs Island, ME | $1,835,482 | $1,016,214 |
Croydon Volunteer Fire Department Inc Newport, NH | $3,353,454 | $243,510 |
International Association Of Fire Fighters Manchester, NH | $146,422 | $236,095 |
Cundys Harbor Volunteer Fire Department Inc Brunswick, ME | $426,106 | $0 |
Lincolnville Community Foundation Lincolnville, ME | $2,677,441 | $109,772 |
Wilmot Volunteer Fire Company Wilmot, NH | $647,989 | $120,699 |
Brooklin Volunteer Fire Company Brooklin, ME | $378,003 | $0 |