Saco & Biddeford Savings Charitable Foundation
- Assets
- $1.2m
- Revenue
- $664.2k
- Investments
- $1.1m
- Employees
- 0
- Location
- Saco, ME
- Founding
- 04/1998
- Data as of
- 12/2022
- EIN
- 01-0516587
Organization Overview
Saco & Biddeford Savings Charitable Foundation is located in Saco, 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. Saco & Biddeford Savings 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 12/2022, Saco & Biddeford Savings Charitable Foundation generated $664.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $496.7k during the year ending 12/2022. While expenses have increased by 11.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Saco & Biddeford Savings Charitable Foundation has awarded 1,081 individual grants totaling $3,408,459. 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 |
|---|---|---|---|
Morris L Fisher Director | 0.1 | $0 | |
Daryl J Cady Director | 0.1 | $0 | |
Joan R Fink Director | 0.1 | $0 | |
Susan B Hadiaris Director | 0.1 | $0 | |
Mark L Peterson Director | 0.1 | $0 | |
Eric A Purvis Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $591,189 |
| Interest on Savings | $60 |
| Dividends & Interest | $19,177 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $53,783 |
| Capital Gain Net Income | $228,350 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $664,209 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,584 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $189 |
| Total operating and administrative expenses | $3,623 |
| Contributions, gifts, grants paid | $493,103 |
| Total expenses and disbursements | $496,726 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $74,084 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,179,531 |
| 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, Saco & Biddeford Savings Charitable Foundation has awarded $493,103 in support to 161 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED WAY OF SOUTHERN MAINE PURPOSE: GENERAL OPERATING SUPPORT | $56,300 |
Saco, ME PURPOSE: GENERAL OPERATING SUPPORT | $48,548 |
Scarborough, ME PURPOSE: GENERAL OPERATING SUPPORT | $25,700 |
Camden, ME PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
Portland, ME PURPOSE: $1,750 BARBARA BUSH CHILDREN'S HOSPTIAL; $20,000 MAINE MEDICAL CENTER | $21,750 |
Portland, ME PURPOSE: GENERAL OPERATING SUPPORT | $13,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Td Charitable Foundation Falmouth, ME | $0 | $26,328,021 |
P M Allen Family Foundation Hanover, NH | $110,796,013 | $13,365,268 |
Rannie Webster Foundation Rye, NH | $21,769,366 | $13,522,122 |
Elmina B Sewall Foundation Freeport, ME | $198,399,545 | $18,229,129 |
Lunder Foundation Portland, ME | $114,918 | $28,179,943 |
Otto And Fran Walter Foundation Inc Boothbay Harbor, ME | $14,780,673 | $2,403,803 |
The Jack & Dorothy Byrne Foundation Inc Hanover, NH | $178,090 | $5,355,970 |
The Birchtree Center Portsmouth, NH | $2,377,101 | $5,561,187 |
The Bill And Joan Alfond Foundation Portland, ME | $33,512,660 | $6,141,856 |
Friends Of Notre-Dame De Paris Inc Etna, NH | $24,880,670 | $12,372,128 |
Sam L Cohen Foundation Portland, ME | $30,483,258 | $3,967,796 |
Huber Foundation Falmouth, ME | $75,719,525 | $3,696,908 |