Foundation 51
- Assets
- $302.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cumberland, ME
- Founding
- 06/1998
- Data as of
- 12/2021
- EIN
- 01-0517536
Organization Overview
Foundation 51 is located in Cumberland, ME. The organization was established in 1998. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation 51 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, Foundation 51 generated $18.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $22.8k during the year ending 12/2021. While expenses have increased by 5.7% per year over the past 7 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PROVIDED GRANTS TO MAINE SCHOOL ADMINISTRATION DISTRICT 51 TO ENRICH EDUCATIONAL OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carla O'sullivan Director | 0.5 | $0 | |
Mylan Bannon Director | 0.5 | $0 | |
Lacie Dionne Director | 0.5 | $0 | |
Amy Haile Treasurer | 1 | $0 | |
Ashley Olen Director | 0.5 | $0 | |
Emily Gray Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,892 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $766 |
| Gain or Loss | $15,900 |
| Net Income from Gaming & Fundraising | $334 |
| Other Revenue | $0 |
| Total Revenue | $18,892 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,559 |
| Total expenses | $22,779 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $9,918 |
| Other assets | $0 |
| Total assets | $302,828 |
| Total liabilities | $0 |
| Net assets or fund balances | $302,828 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Foundation 51 has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Frank Gerrity Charitable Tr Holbrook, MA PURPOSE: GENERAL GRANT | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kimi Nichols Center Plaistow, NH | $2,742,152 | $7,599,619 |
Campus Compact For New Hampshire Concord, NH | $5,228,375 | $1,519,463 |
University Of Maine Student Government Inc Orono, ME | $473,964 | $786,725 |
4-H Clubs & Affiliated 4-H Organizations Orono, ME | $10,692,559 | $1,578,614 |
U S M Student Senate Portland, ME | $1,132,246 | $724,442 |
Friends Forever Durham, NH | $3,879,531 | $1,268,096 |
Through The Trees Corp Freeport, ME | $146,663 | $362,524 |
Bioquest Curriculum Consortium Raymond, NH | $337,878 | $323,368 |
Southern New Hampshire University Student Government Association Manchester, NH | $509,448 | $136,463 |
St Georges Child Care Center York Harbor, ME | $122,205 | $332,223 |
Latitude Learning Resources Hooksett, NH | $67,464 | $0 |
The Graduate Student Government Of The University Of Maine Orono, ME | $433,100 | $0 |