Charles A Dean Tr Dtd 3-12-13 Amended 1-14-20 Nect
- Assets
- $2.4m
- Revenue
- $317.0k
- Investments
- $2.3m
- Employees
- 0
- Location
- Waterville, ME
- Founding
- 02/1973
- Data as of
- 12/2023
- EIN
- 04-6026858
Organization Overview
Charles A Dean Tr Dtd 3-12-13 Amended 1-14-20 Nect is located in Waterville, ME. The organization was established in 1973. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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.
For the year ending 12/2023, Charles A Dean Tr Dtd 3-12-13 Amended 1-14-20 Nect generated $317.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.3% each year . All expenses for the organization totaled $333.3k during the year ending 12/2023. While expenses have increased by 0.4% 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.
Since 2018, Charles A Dean Tr Dtd 3-12-13 Amended 1-14-20 Nect has awarded 35 individual grants totaling $869,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Odonnell Trustee | 0 | $12,000 | |
Maureen Denis Trustee | 0 | $10,000 | |
Ashley Rancourt Trustee | 0 | $10,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $10 |
| Dividends & Interest | $129,820 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $187,167 |
| Capital Gain Net Income | $187,167 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $316,997 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $32,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,865 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $88,279 |
| Contributions, gifts, grants paid | $245,000 |
| Total expenses and disbursements | $333,279 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $117,638 |
| 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 | $216,421 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,443,077 |
| 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, Charles A Dean Tr Dtd 3-12-13 Amended 1-14-20 Nect has awarded $245,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
NORTHERN LIGHT - INLAND HOSPITAL PURPOSE: PROGRAM SUPPORT | $35,000 |
REDINGTON-FAIRVIEW HOSPITAL PURPOSE: PROGRAM SUPPORT | $35,000 |
KENNEBEC BEHAVIORAL HEALTH PURPOSE: PROGRAM SUPPORT | $35,000 |
JACKMAN COMMUNITY HEALTH PURPOSE: PROGRAM SUPPORT | $35,000 |
MAINE GENERAL HEALTH PURPOSE: PROGRAM SUPPORT | $35,000 |
NORTHERN LIGHT - CA DEAN HOSPITAL PURPOSE: PROGRAM SUPPORT | $35,000 |