Kennebunk Savings Bank Foundation
- Assets
- $4.3m
- Revenue
- $767.9k
- Investments
- $2.2m
- Employees
- 0
- Location
- Kennebunk, ME
- Founding
- 03/2002
- Data as of
- 12/2023
- EIN
- 01-0547392
Organization Overview
Kennebunk Savings Bank Foundation is located in Kennebunk, ME. The organization was established in 2002. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Kennebunk Savings Bank 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, Kennebunk Savings Bank Foundation generated $767.9k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $564.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Kennebunk Savings Bank Foundation has awarded 189 individual grants totaling $2,433,618. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bradford C Paige Presidentdirector | 0.5 | $0 | |
Alexander O Meagher Executive VP | 0.5 | $0 | |
Thomas J Zuke Treasurer | 0.5 | $0 | |
Maureen A Flaherty Executive VP | 0.5 | $0 | |
Elizabeth A Torrance Vice President | 2 | $0 | |
Lauren Deegan Comm Reinv Officer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $321,413 |
| Interest on Savings | $930 |
| Dividends & Interest | $116,496 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $329,083 |
| Capital Gain Net Income | $329,083 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $767,922 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,988 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $196 |
| Total operating and administrative expenses | $28,147 |
| Contributions, gifts, grants paid | $535,913 |
| Total expenses and disbursements | $564,060 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,144 |
| Savings and temporary cash investments | $1,989,895 |
| 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 | $4,257,399 |
| 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, Kennebunk Savings Bank Foundation has awarded $535,913 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
YORK COUNTY COMMUNITY ACTION CORP PURPOSE: SUPPORT FOR SANFORD ASYLUM SEEKERS | $10,000 |
UNITED WAY PURPOSE: COMPANY MATCH | $61,413 |
SOS RECOVERY COMMUNITY CONNECTION PURPOSE: SOCIAL ENTERPRISE RFW RESTAURANT | $15,000 |
CENTER FOR WILDLIFE PURPOSE: ENSURING ACCESS TO NATURE CONNECTION FOR ALL | $10,000 |
BIDDEFORD HIGH SCHOOL PURPOSE: SCHOLARSHIP AWARD | $1,000 |
DOVER HIGH SCHOOL PURPOSE: SCHOLARSHIP AWARD | $1,000 |