Bonnell Cove Foundation
- Assets
- $1.6m
- Revenue
- $91.5k
- Investments
- $1.5m
- Employees
- 0
- Location
- Camden, ME
- Founding
- 08/1990
- Data as of
- 12/2021
- EIN
- 13-3556721
Organization Overview
Bonnell Cove Foundation is located in Camden, ME. The organization was established in 1990. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Bonnell Cove 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 12/2021, Bonnell Cove Foundation generated $91.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (16.6%) each year. All expenses for the organization totaled $73.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Bonnell Cove Foundation has awarded 100 individual grants totaling $485,495. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES SUPPORT IN THE FORM OF GRANTS TO NOT-FOR-PROFIT ORGANIZATIONS TO BE USED FOR EDUCATIONAL SAFETY AT SEA OR ENVIRONMENTAL OUTREACH PURPOSES. IN 2021, THE FOUNDATION PROVIDED 12 GRANTS FOR THESE PURPOSES, TOTALING OVER 66,000.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joyce Lhamon President | 4 | $0 | |
Paul K Rogers III Treasurer | 4 | $0 | |
Peter Balasubramanian Director | 1 | $0 | |
William Foss Director | 1 | $0 | |
W Bradley Avery Director | 1 | $0 | |
W Frank Bohlen Secretary | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $47,315 |
| Interest on Savings | $0 |
| Dividends & Interest | $20,331 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $23,814 |
| Capital Gain Net Income | $23,814 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $91,460 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $437 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $2,838 |
| Other expenses | $3,182 |
| Total operating and administrative expenses | $7,282 |
| Contributions, gifts, grants paid | $66,214 |
| Total expenses and disbursements | $73,496 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $80,739 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,552,429 |
| 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, Bonnell Cove Foundation has awarded $66,214 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Seattle, WA PURPOSE: ENVIRONMENTAL | $9,730 |
Provincetown, MA PURPOSE: ENVIRONMENTAL WHITE SHARK MOVE | $8,890 |
NORTHWEST STRAITS FOUNDATION PURPOSE: SAFETY AT SEA | $7,100 |
Washington, DC PURPOSE: SAFETY AT SEA | $7,000 |
BELLINGHAM BAY COMMUNIT PURPOSE: SAFETY AT SEA SAFETY BOAT | $5,000 |
NORTHWEST SCHOOL OF WOOD PURPOSE: ENVIRONMENTAL | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Bonnell Cove Foundation has recieved totaling $3,200.
| Awarding Organization | Amount |
|---|---|
Enersen Foundation San Rafael, CA PURPOSE: SAFETY AT SEAENVIRONMENT OF THE SEA | $2,000 |
Middlecott Foundation Boston, MA PURPOSE: GENERAL SUPPORT | $500 |
Larry And Anne Glenn Foundation Inc Newport, RI PURPOSE: GENERAL OPERATING | $400 |
Godshalk Family Char Fdn U Agr 12232005 Investment Advisory Acct Boston, MA PURPOSE: GENERAL | $200 |
Garrett Foundation Richmond, VA PURPOSE: CHARITABLE SUPPORT | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Birchtree Center Portsmouth, NH | $2,377,101 | $5,561,187 |
The Bill And Joan Alfond Foundation Portland, ME | $33,512,660 | $6,141,856 |
Friends Of Notre-Dame De Paris Inc Etna, NH | $24,880,670 | $12,372,128 |
Sam L Cohen Foundation Portland, ME | $30,483,258 | $3,967,796 |
Huber Foundation Falmouth, ME | $75,719,525 | $3,696,908 |
Albert B Glickman Family Foundation Portland, ME | $24,527,916 | $3,353,968 |
Emily Landecker Foundation Hanover, NH | $38,846,417 | $4,476,586 |
Opportunity Networks Inc Amherst, NH | $2,792,676 | $4,076,100 |
The Bob Crewe Foundation Cumberland Foreside, ME | $17,458,318 | $1,381,520 |
Roxanne Quimby Foundation Inc Portland, ME | $37,980,106 | $2,835,642 |
Frank M & Olive E Gilman Foundation Inc Enfield, NH | $33,453,249 | $3,949,381 |
Jackson Hole Ranch Conservancy Foundation Exeter, NH | $0 | $1,922,389 |