Saco & Biddeford Savings Charitable Foundation
- Assets
- $1.0m
- Revenue
- $283.2k
- Investments
- $838.5k
- Employees
- 0
- Location
- Saco, ME
- Founding
- 04/1998
- Data as of
- 12/2023
- 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 12/2023, Saco & Biddeford Savings Charitable Foundation generated $283.2k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $453.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Saco & Biddeford Savings Charitable Foundation has awarded 1,134 individual grants totaling $3,415,737. 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 |
|---|---|---|---|
Daryl J Cady Director | 0.1 | $0 | |
Roland M Eon Director | 0.1 | $0 | |
Joan R Fink Director | 0.1 | $0 | |
Morris L Fisher Director | 0.1 | $0 | |
James Godbout Director | 0.1 | $0 | |
Robert C Quentin Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $238,455 |
| Interest on Savings | $1,499 |
| Dividends & Interest | $23,787 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,462 |
| Capital Gain Net Income | $881,001 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $283,203 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,638 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $267 |
| Total operating and administrative expenses | $5,855 |
| Contributions, gifts, grants paid | $447,916 |
| Total expenses and disbursements | $453,771 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $170,497 |
| 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 | $1,008,963 |
| 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 $447,916 in support to 167 organizations.
| Grant Recipient | Amount |
|---|---|
1ST CONGREGATIONAL CHURCH OF SCARBOROUGH FOOD PANTRY PURPOSE: GENERAL OPERATING SUPPORT | $1,500 |
1ST CONGREGATIONAL CHURCH OF SOUTH PORTLAND FOOD PANTRY PURPOSE: GENERAL OPERATING SUPPORT | $1,500 |
AGE FRIENDLY SACO PURPOSE: GENERAL OPERATING SUPPORT | $100 |
ALZHEIMER'S DISEASE AND RELATED DISORDERS ASSOCIATION INC PURPOSE: ALZHEIMER'S ASSOCIATION, MAINE CHAPTER | $1,700 |
AMERICAN FLYERS BOOSTER CLUB PURPOSE: GENERAL OPERATING SUPPORT | $200 |
AMERICAN FOUNDATION FOR SUICIDE PREVENTION PURPOSE: GENERAL OPERATING SUPPORT | $500 |