Bangor Savings Bank Foundation
- Assets
- $7.3m
- Revenue
- $921.7k
- Investments
- $6.4m
- Employees
- 0
- Location
- Bangor, ME
- Founding
- 09/1997
- Data as of
- 03/2024
- EIN
- 04-3353896
Organization Overview
Bangor Savings Bank Foundation is located in Bangor, ME. The organization was established in 1997. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Bangor 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 03/2024, Bangor Savings Bank Foundation generated $921.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (13.0%) each year. All expenses for the organization totaled $1.3m during the year ending 03/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Bangor Savings Bank Foundation has awarded 609 individual grants totaling $5,130,419. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathryn L Barber Director | 0.1 | $0 | |
George F Eaton II ESQ Director | 0.1 | $0 | |
Sari S Greene Director | 0.1 | $0 | |
Susan C Hammond Director | 0.1 | $0 | |
Laurie G Lachance Director | 0.1 | $0 | |
Scott A Oxley Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $575,000 |
| Interest on Savings | $101,454 |
| Dividends & Interest | $153,612 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $91,173 |
| Capital Gain Net Income | $91,173 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $466 |
| Total Revenue | $921,705 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $43,010 |
| Contributions, gifts, grants paid | $1,246,813 |
| Total expenses and disbursements | $1,289,823 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $991,215 |
| 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 | $163,421 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,343,235 |
| 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, Bangor Savings Bank Foundation has awarded $1,246,813 in support to 152 organizations.
| Grant Recipient | Amount |
|---|---|
3S CONTEMPORARY ART SPACE PURPOSE: GENERAL OPERATING SUPPORT | $3,000 |
45TH PARALLEL EMERGENCY MEDICAL SERVICES PURPOSE: GENERAL OPERATING SUPPORT | $4,000 |
ACADIA HOSPITAL CORP PURPOSE: GENERAL OPERATING SUPPORT | $40,000 |
ACCESS DIRECT RECOVERY NETWORK PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
ALZHEIMER'S DISEASE AND RELATED DISORDERS ASSOCIATION INC PURPOSE: GENERAL OPERATING SUPPORT | $7,500 |
ANDROSCOGGIN HOME HEALTH SERVICES INC PURPOSE: GENERAL OPERATING SUPPORT | $8,000 |