Old Bug Light Charitable Foundation
- Assets
- $2.1m
- Revenue
- $48.3k
- Investments
- $1.9m
- Employees
- 0
- Location
- Portland, ME
- Founding
- 03/1998
- Data as of
- 03/2024
- EIN
- 01-0514859
Organization Overview
Old Bug Light Charitable Foundation is located in Portland, ME. The organization was established in 1998. 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. Old Bug Light Charitable 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 03/2024, Old Bug Light Charitable Foundation generated $48.3k 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 (19.1%) each year. All expenses for the organization totaled $182.6k during the year ending 03/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Old Bug Light Charitable Foundation has awarded 161 individual grants totaling $1,360,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathaniel T Moore Trustee | 0 | $0 | |
Christopher S Moore Trustee | 0 | $0 | |
Jennifer M Vandekreeke Trustee | 0 | $0 | |
Meryl Nierman Trustee | 0 | $0 | |
Robin Vandekreeke Trustee | 0 | $0 | |
Bree Lacasse Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $64,716 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$24,814 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,438 |
| Total Revenue | $48,340 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $11,596 |
| Contributions, gifts, grants paid | $171,000 |
| Total expenses and disbursements | $182,596 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $214,285 |
| 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 | $25,761 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,095,301 |
| 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, Old Bug Light Charitable Foundation has awarded $171,000 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
ACLU OF MAINE PURPOSE: FOR OPERATIONS | $3,000 |
BICYCLE COALITION OF MAINE PURPOSE: FOR OPERATIONS | $4,000 |
EASTERN TRAIL ALLIANCE PURPOSE: FOR OPERATIONS | $1,000 |
FRIENDS OF CONGRESS SQUARE PARK PURPOSE: CONGRESS SQUARE PARK REDESIGN | $12,000 |
GULF OF MAINE RESEARCH INSTITUTE PURPOSE: FOR OPERATIONS | $5,000 |
HOSPICE OF SOUTHERN MAINE PURPOSE: FOR OPERATIONS | $4,000 |