North Haven Foundation
- Assets
- $4.9m
- Revenue
- $621.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Rockland, ME
- Founding
- 02/1967
- Data as of
- 06/2022
- EIN
- 01-6022839
Organization Overview
North Haven Foundation is located in Rockland, ME. The organization was established in 1967. 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. North Haven 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 06/2022, North Haven Foundation generated $621.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $230.7k during the year ending 06/2022. While expenses have increased by 4.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE FOUNDATION IS TO ASSIST GRADUATES OF THE NORTH HAVEN COMMUNITY SCHOOL AND ADULT RESIDENTS OF THE ISLAND IN THEIR PURSUIT OF A POST SECONDARY EDUCATION, AND TO SUPPORT THE NORTH HAVEN COMMUNITY SCHOOL IN SUPPORT OF ITS EXTRA CURRICULAR AND TUITION PROGRAMS AND COLLEGE COUNSELING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FINANCIAL ASSISTANCE TO FAMILIES OF GRADUATES OF THE NORTH HAVEN COMMUNITY SCHOOL AND OTHERS WITH SUBSTANTIAL CONNECTIONS TO THE TOWN OF NORTH HAVEN. DURING THE YEAR ENDING JUNE 30, 2022 FAMILIES OF EIGHT STUDENTS FROM NORTH HAVEN WERE ASSISTED WITH COLLEGE EXPENSES IN THE AMOUNT OF 133,009.
TO ASSIST NORTH HAVEN COMMUNITY SCHOOL WITH PROGRAMS, INCLUDING COLLEGE PLANNING FOR HIGH SCHOOL SENIORS, SUMMER SCHOOL, ACAMDEMIC TUTORING AND OTHER EDUCATIONAL PROGRAMS.
TO ASSIST FAMILIES IN NEED WITH TUITION FOR NORTH HAVEN ARTS AND ENRICHMENT LAUGH AND LEARN PRESCHOOL AND TODDLER PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Curtis Vice Preside | OfficerTrustee | $0 | |
Charles C Cunningham Jr Vice Preside | OfficerTrustee | $0 | |
Janice Hopkins President | OfficerTrustee | $0 | |
Jesse Rutter Treasurer | OfficerTrustee | $0 | |
Haven Hopkins Stone Executive Di | OfficerTrustee | $0 | |
David Testa Financial Ad | OfficerTrustee | $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 | $193,987 |
| Noncash contributions included in lines 1a–1f | $2,725 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $193,987 |
| Total Program Service Revenue | $0 |
| Investment income | $158,208 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $269,300 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $621,495 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $52,325 |
| Grants and other assistance to domestic individuals. | $133,009 |
| 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 | $2,500 |
| Fees for services: Legal | $1,035 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,323 |
| Advertising and promotion | $0 |
| Office expenses | $311 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $698 |
| All other expenses | $0 |
| Total functional expenses | $230,658 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$2 |
| Savings and temporary cash investments | $270,926 |
| 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 | $4,589,643 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,860,567 |
| 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 | $4,860,567 |
| 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 | $4,860,567 |
Grants Awarded
Over the last fiscal year, North Haven Foundation has awarded $52,325 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NORTH HAVEN COMMUNITY SCHOOLNORTH HAVEN COMMUNITY SCHOOL PURPOSE: CAREER COUNSELING | $34,000 |
NORTH HAVEN ARTS AND ENRICHMENTNORTH HAVEN ARTS AND ENRICHMENT PURPOSE: PRE SCHOOL PROGRAMS | $18,325 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that North Haven Foundation has recieved totaling $102,100.
| Awarding Organization | Amount |
|---|---|
Cornolia Cogswell Rossi Foundation Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $75,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $10,000 |
Angel Foundation New York, NY PURPOSE: EDUCATIONAL | $10,000 |
Weld Foundation Boston, MA PURPOSE: GENERAL | $5,000 |
Strypemonde Foundation Tr New York, NY PURPOSE: GENERAL PURPOSES | $1,500 |
The Jebediah Foundation Boston, MA PURPOSE: CONTRIBUTION TO GENERAL | $600 |
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 |