Islesboro Community Fund
- Assets
- $620.9k
- Revenue
- $217.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Islesboro, ME
- Founding
- 11/1951
- Data as of
- 07/2021
- EIN
- 01-6019442
Organization Overview
Islesboro Community Fund is located in Islesboro, ME. The organization was established in 1951. According to its NTEE Classification (T31) the organization is classified as: Community 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. Islesboro Community Fund 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 07/2021, Islesboro Community Fund generated $217.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $124.7k during the year ending 07/2021. While expenses have increased by 2.8% per year over the past 6 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 PROVIDE FINANCIAL SUPPORT FOR DESERVING MEMBERS OF THE COMMUNITY SEEKING HIGHER EDUCATION; TO PROVIDE FUNDS FOR THE MEDICAL SUPPORT AND TREATMENT OF CHILDREN AND OTHER PERSONS IN NEED OF ASSISTANCE; TO PROMOTE THE HEALTH, WELFARE, HAPPINESS, AND EDUCATION OF OTHER PERSONS IN NEED OF ASSISTANCE; AND TO MAKE GIFTS TO EDUCATIONAL, LITERARY, SCIENTIFIC, CHARITABLE, RELIGIOUS, OR OTHER INSTITUTIONS OR ORGANIZATIONS APPROVED BY THE DIRECTORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS PROVIDED TO FAMILIES OF ISLEBORO FOR MEDICAL AND DENTAL, FUEL AND HEAT, FOOD BASKETS AND OTHER BASIC LIVING EXPENSES.
SCHOLARSHIPS, PRESCHOOL TUITION SCHOLARSHIPS, AND OTHER EDUCATIONAL NEEDS FOR LOCAL STUDENTS.
OTHER GRANTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frederic Thomas President | Officer | 3 | $0 |
Marny Heinen Vice Preside | Officer | 2.5 | $0 |
Mark Umbach Secretary | Officer | 0.5 | $0 |
Maggy Willcox Treasurer | Officer | 2.88 | $0 |
Molly Ladd Director | Trustee | 0.5 | $0 |
Maria Forney Director | Trustee | 0.5 | $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 | $195,155 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $195,155 |
| Total Program Service Revenue | $0 |
| Investment income | $21,968 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $217,123 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,533 |
| Grants and other assistance to domestic individuals. | $101,955 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $185 |
| Fees for services: Accounting | $5,739 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,833 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,205 |
| Information technology | $75 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $124,729 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,354 |
| Savings and temporary cash investments | $978 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $535,588 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $620,920 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $620,920 |
| Total liabilities and net assets/fund balances | $620,920 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Islesboro Community Fund has recieved totaling $30,055.
| Awarding Organization | Amount |
|---|---|
The@lois Chiles Foundation New York, NY PURPOSE: GENERAL FUND | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $9,500 |
Windhover Foundation Corning, NY PURPOSE: GENERAL SUPPORT | $7,000 |
G Peabody & Rose Gardner Charitable Tr Boston, MA PURPOSE: CHARITABLE | $1,500 |
Palace Head Foundation Inc Chestnut Hill, MA PURPOSE: COMMUNITY & CHARITABLE | $1,000 |
Robert And Maurine Rothschild Fund Inc Islesboro, ME PURPOSE: GENERAL OPERATING SUPPORT | $500 |
Endowment Analysis
| Beg. Balance | $278,477 |
| Earnings | $115,613 |
| Admin Expense | $8,832 |
| Net Contributions | $153,500 |
| Grants | $3,170 |
| Ending Balance | $535,588 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Hampshire Charitable Foundation Concord, NH | $946,933,381 | $84,058,560 |
Maine Community Foundation Inc Ellsworth, ME | $775,677,002 | $98,048,575 |
Community Colleges Of New Hampshire Foundation Concord, NH | $6,010,918 | $979,951 |
Friends In Action Durham, NH | $393,007 | $310,698 |
Friends Of Mascoma Foundation Canaan, NH | $420,014 | $333,255 |
North Haven Foundation Rockland, ME | $4,860,567 | $621,495 |
Manchester Masonic Temple Association Manchester, NH | $1,932,525 | $188,820 |
Islesboro Community Fund Islesboro, ME | $620,920 | $217,123 |
Dover Rotary Charities Dover, NH | $106,765 | $186,543 |
Jewish Community Endowment Associates Bangor, ME | $1,127,872 | $113,320 |
Sargent Family Community Fund Rangeley, ME | $19,601 | $0 |
Unobskey Foundation Robbinston, ME | $560,654 | $52,609 |