Trustees Of The First Parish In Portland
- Assets
- $3.9m
- Revenue
- $197.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, ME
- Founding
- 10/1972
- Data as of
- 06/2021
- EIN
- 01-6012053
Organization Overview
Trustees Of The First Parish In Portland is located in Portland, ME. The organization was established in 1972. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trustees Of The First Parish In Portland 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 06/2021, Trustees Of The First Parish In Portland generated $197.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $160.7k during the year ending 06/2021. While expenses have increased by 1.5% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO MAINTAIN AND OPERATE THE FIRST PARISH CHURCH IN PORTLAND, ME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPROVEMENTS TO AND MAINTENANCE AND OPERATIONS OF THE FIRST PARISH CHURCH IN PORTLAND. TRUSTEES OF THE FIRST PARISH IN PORTLAND WAS CREATED ON BEHALF OF THE FIRST PARISH IN PORTLAND, ME, A UNITARIAN UNIVERSALIST CHURCH. THE ORGANIZATION OWNS ALL THE FIXED ASSETS AND ALSO MAINTAINS OTHER FUNDS OF THE FIRST PARISH IN PORTLAND, ME. THE ORGANIZATION IS AN INSTITUTION OF THE FIRST PARISH IN PORTLAND, ME. ITS EXEMPT STATUS DERIVES FROM THE GROUP RULING OF THE IRS APPLICABLE TO UNITARIAN UNIVERSALIST CHURCHES IN THE US AND INSTITUTIONS THEREOF. THE TRUSTEES OF THE FIRST PARISH IN PORTLAND MAINTAIN THREE SEPARATE FUNDS: (1) A GENERAL FUND DEVOTED PRIMARILY TO THE BUILDINGS; (2) A RESTRICTED FUND FROM WHICH THE INCOME IS TRANSFERRED ONCE A YEAR TO THE FIRST PARISH IN PORTLAND, ME; AND (3) A SPECIAL FUND FOR CHARITABLE PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Eglinton Treasurer | Officer | 2 | $0 |
Austin Farrar President | Officer | 2 | $0 |
Janet Pusitonen Clerk | Officer | 2 | $0 |
Randall B Weill Trustee | Trustee | 2 | $0 |
Ted Oldham Trustee | Trustee | 2 | $0 |
Linda Shary Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $100 |
| Investment income | $12,221 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $184,268 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $197,748 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,465 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,635 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $56,831 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $405 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $703 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,286 |
| Insurance | $12,577 |
| All other expenses | $0 |
| Total functional expenses | $160,719 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,713 |
| Savings and temporary cash investments | $335,553 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $300,000 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $2,736,615 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,867,866 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $9,816 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,816 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $3,858,050 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Trustees Of The First Parish In Portland has recieved totaling $90,292.
| Awarding Organization | Amount |
|---|---|
Leona And Ralph W Kern Foundation New York, NY PURPOSE: FOR RENOVATIONS AND IMPROVEMENTS TO HISTORIC CHURCH | $65,000 |
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Religious Organization | $19,192 |
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Religious Organization | $6,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fundamental Baptist Mission To India Foundation Amherst, NH | $21,580 | $1,489,126 |
Jeta Grove Foundation Inc Temple, NH | $2,754,767 | $492,743 |
Saint George Greek Orthodox Cathedral Of Manchester Trust Fund Manchester, NH | $4,521,832 | $440,475 |
Tuco J W Hughes Fb Df Con Church Bangor, ME | $2,759,138 | $351,260 |
Trustees Of The First Parish In Portland Portland, ME | $3,867,866 | $197,748 |
Alan A Bird Trust For The Congregational Church Of Rockland Portland, ME | $650,980 | $58,282 |
William O Emery Trust Uw 60 Fbo Portland, ME | $511,324 | $29,764 |
St Nicholas Endowment Foundation Inc Portsmouth, NH | $598,391 | $21,788 |
Louella Kittell Irrv Tr Fbo First Congregational Church Bedford, NH | $333,371 | $21,311 |
St Anthonys Monastery Association Inc Kennebunk, ME | $115,848 | $12 |
Edward Long Trust Fbo Concord, NH | $175,305 | $9,529 |
Friends Of The Church On The Hill Addison, ME | $19,500 | $0 |