Unity Foundation
- Assets
- $672.5k
- Revenue
- $156.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Unity, ME
- Founding
- 12/2000
- Data as of
- 12/2021
- EIN
- 01-0536785
Organization Overview
Unity Foundation is located in Unity, ME. The organization was established in 2000. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2021, Unity Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Unity 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 12/2021, Unity Foundation generated $156.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $459.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Unity Foundation has awarded 34 individual grants totaling $1,276,029. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE STRONG, SUSTAINABLE NONPROFITS THAT RELIABLY SERVE MAINE COMMUNITIES
Describe the Organization's Program Activity:
UNITY FOUNDATION SUPPORTS YOUTH, EDUCATIONAL, ENVIRONMENTAL, ARTS AND COMMUNITY DEVELOPMENT PROGRAMS, ACTIVITIES AND SERVICES OF ITS SUPPORTED ORGANIZATIONS AND OTHER NONPROFITS. THE FOUNDATION ENABLES NONPROFITS TO FULFILL THEIR MISSIONS BY PROVIDING GRANTS, TECHNICAL ASSISTANCE, EDUCATION AND CONVENINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence J Sterrs Chairman And CEO | OfficerTrustee | 40 | $66,250 |
Donald A Foster Director | Trustee | 1 | $0 |
Hon Donald H Marden Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $151,425 |
| Investment income | $29 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,335 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $156,789 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $168,400 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $66,250 |
| Compensation of current officers, directors, key employees. | $49,687 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $60,965 |
| Pension plan accruals and contributions | $1,653 |
| Other employee benefits | $18,741 |
| Payroll taxes | $9,897 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $421 |
| Fees for services: Accounting | $19,320 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,000 |
| Advertising and promotion | $0 |
| Office expenses | $9,088 |
| Information technology | $2,580 |
| Royalties | $0 |
| Occupancy | $15,200 |
| Travel | $38 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $645 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,655 |
| All other expenses | $0 |
| Total functional expenses | $459,452 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $602,981 |
| Savings and temporary cash investments | $50,042 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,738 |
| Net Land, buildings, and equipment | $17,760 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $672,521 |
| Accounts payable and accrued expenses | $26,955 |
| Grants payable | $30,000 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $56,955 |
| Net assets without donor restrictions | $615,566 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $672,521 |
Grants Awarded
Over the last fiscal year, Unity Foundation has awarded $165,400 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Hinckley, ME PURPOSE: Program Support | $80,000 |
Camden, ME PURPOSE: Program Support | $33,000 |
Boston, MA PURPOSE: Environmental Reporter | $30,000 |
Augusta, ME PURPOSE: Program Support | $12,000 |
Belfast, ME PURPOSE: Board Development | $10,400 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Unity Foundation has recieved totaling $13,600.
| Awarding Organization | Amount |
|---|---|
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Education | $13,600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hand In Hand Mano En Mano Milbridge, ME | $3,858,038 | $3,802,182 |
Learning Skills Academy Rye, NH | $2,583,079 | $3,737,999 |
Northern Forest Center Inc Concord, NH | $6,912,392 | $6,530,935 |
Firebird Foundation For Anthropological Research Inc Phillips, ME | $38,180,874 | $27,021,507 |
Mayhew Bristol, NH | $9,621,685 | $2,244,853 |
Center For Furniture Craftsmanship Rockport, ME | $18,059,466 | $3,564,927 |
New Hampshire Center For Nonprofits Concord, NH | $1,113,431 | $1,215,167 |
Itnamerica Westbrook, ME | $1,190,041 | $1,376,313 |
Ashwood Waldorf School Rockport, ME | $1,586,448 | $849,073 |
Hannah Grimes Center Keene, NH | $2,383,366 | $934,536 |
Center For Anthroposophy Nashua, NH | $1,447,745 | $1,017,540 |
Associated General Contractors Of Maine Augusta, ME | $830,259 | $873,963 |