Crockett Foundation
- Assets
- $1.1m
- Revenue
- $8.7k
- Investments
- $768.8k
- Employees
- 0
- Location
- Windham, ME
- Founding
- 03/1993
- Data as of
- 12/2022
- EIN
- 01-0471523
Organization Overview
Crockett Foundation is located in Windham, ME. The organization was established in 1993. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Crockett 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 12/2022, Crockett Foundation generated $8.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.3%) each year. All expenses for the organization totaled $99.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTINUED ADMINISTRATIVE INSTRUCTIONAL STAFFING AND FINANCIAL SUPPORT OF A REMEDIAL READING PROGRAM FOR K-6 GRADE CHILDREN AT THE POLAND COMMUNITY SCHOOL ME
PROVIDED COLLEGE SCHOLARSHIPS TO 5 STUDENTS FOR THE TELSTAR HIGH SCHOOL SCHOLARSHIP PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda M Liberty President | 20 | $30,000 | |
Richard Liberty Secretary | 5 | $0 | |
Jim Delamater Treasurer | 5 | $15,000 | |
Alan Theriault Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,661 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,234 |
| Net Rental Income | -$9,830 |
| Net Gain on Sale of Assets | -$12,642 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,652 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $45,000 |
| Other employee salaries and wages | $6,224 |
| Pension plans, employee benefits | $21,568 |
| Interest | $0 |
| Taxes | $4,209 |
| Depreciation | $7,824 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,564 |
| Total operating and administrative expenses | $97,374 |
| Contributions, gifts, grants paid | $2,500 |
| Total expenses and disbursements | $99,874 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,628 |
| Savings and temporary cash investments | $3,499 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $640,643 |
| Net Land, buildings, and equipment | $301,153 |
| Other assets | $0 |
| Total assets | $1,147,092 |
| Accounts payable and accrued expenses | $909 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $300,000 |
| Other liabilities | $0 |
| Total liabilities | $300,909 |
Grants Awarded
Over the last fiscal year, Crockett Foundation has awarded $2,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
HUSSON UNIVERSITY PURPOSE: SCHOLARSHIPS | $500 |
UNIVERSITY OF MAINE FARMINGTON PURPOSE: SCHOLARSHIP | $500 |
SOUTHERN MAINE COMMUNITY COLLEGE PURPOSE: SCHOLARSHIP | $500 |
UNIVERSITY OF MAINE ORONO PURPOSE: SCHOLARSHIPS | $1,000 |