Elliotsville Foundation Inc
- Assets
- $35.4m
- Revenue
- $8.8m
- Investments
- $13.9m
- Employees
- 0
- Location
- Portland, ME
- Founding
- 11/2004
- Data as of
- 12/2022
- EIN
- 13-4223002
Organization Overview
Elliotsville Foundation Inc is located in Portland, ME. The organization was established in 2004. According to its NTEE Classification (C34) the organization is classified as: Land Resources Conservation, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elliotsville Foundation Inc 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 12/2022, Elliotsville Foundation Inc generated $8.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 23.5% each year . All expenses for the organization totaled $10.5m during the year ending 12/2022. While expenses have increased by 11.3% per year over the past 8 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 2015, Elliotsville Foundation Inc has awarded 52 individual grants totaling $1,709,550. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENDITURES FOR THE PLANNING, DESIGN AND CONSTRUCTION OF A VISITOR CONTACT STATION AT KATAHDIN WOODS AND WATERS NATIONAL MONUMENT, LOCATED TO THE EAST OF BAXTER STATE PARK IN NORTHERN MAINE. EXPENDITURES INCLUDED BUT WERE NOT LIMITED TO CONSTRUCTION, CONSTRUCTION MANAGEMENT, DESIGN, SIMILAR RELATED EXPENSES. EXPENITURES ALSO INCLUDED EDUCATION AND ORIENTATION PLANNING EXPENDITURES REGARDING THE INSTALLATION OF INTERPRETIVE EXHIBITS AND MEDIA FOR THE PURPOSES OF ORIENTING AND EDUCATING THE PUBLIC. THE FOUNDATION RECEIVED $4,698,154 OF CONTRIBUTIONS, GIFTS, AND GRANTS FROM UNRELATED PARTIES TO ASSIST IN THE FUNDING OF THESE EXPENDITURES.
EXPENDITURES FOR MAINTENANCE, UPKEEP, STEWARDSHIP PLANS, INSURANCE, REAL ESTATE AND EXCISE TAXES AND OTHER ITEMS RELATED TO VARIOUS PARCELS OF LAND AND PROPERTIES HELD FOR CONSERVATION, HABITAT PRESERVATION, ENVIRONMENTAL RESEARCH, EDUCATIONAL PURPOSES AND THE PRESERVATION OF OPEN SPACE FOR THE BENEFIT OF THE PUBLIC.
EXPENDITURES RELATED TO KATAHDIN WOODS AND WATERS NATIONAL MONUMENT, LOCATED TO THE EAST OF BAXTER STATE PARK IN NORTHERN MAINE, SUCH AS PROMOTION AND PUBLICITY OF THE NATIONAL MONUMENT, PROVIDING ASSISTANCE TO THE NATIONAL PARK SERVICE WITH INFRASTRUCTURE DEVELOPMENT TO PROTECT THE NATURAL AND CULTURAL RESOURCES WHILE IMPROVING THE VISITOR EXPERIENCE, PARTICIPATION IN THE DEVELOPMENT OF THE NATIONAL PARK SERVICE'S LAND MANAGEMENT PLAN, PROMOTION OF VOLUNTEER OPPORTUNITIES, AND DEVELOPMENT OF EDUCATIONAL MATERIALS ABOUT THE NATIONAL MONUMENT, TO INCLUDE PROVIDING STRATEGIC ADVICE AND GUIDANCE TO THE NATURAL RESOURCES COUNCIL OF MAINE AND THE FRIENDS OF KATAHDIN WOODS AND WATERS ORGANIZATIONS RELATED TO THEIR ASSISTANCE WITH THIS PROGRAM.
PROMOTION OF REGIONAL COMMUNITY AND ECONOMIC DEVELOPMENT IN THE MILLINOCKET MAINE REGION TO PROMOTE COMMUNITY REVITALIZATION, ASSIST WITH INFRASTRUCTURE DEVELOPMENT OF HOUSING AND COMMERCIAL PROPERTIES TO FOSTER ENTREPRENEURIAL OPPORTUNITIES AND ECONOMIC GROWTH, PROMOTE VOLUNTEERISM IN THE REGION, AND PROVIDE EDUCATIONAL OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lucas St Clair Executive Director & Direc | 40 | $107,650 | |
Roxanne Quimby President & Director | 16 | $0 | |
Rachelle Quimby Treasurer | 1 | $0 | |
Rebecca Rowe Secretary | 1 | $0 | |
Hannah Quimby Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Stern Consulting International | 12/30/22 | $106,755 |
Goldman Sachs | 12/30/22 | $79,679 |
Albin Randall & Bennett | 12/30/22 | $68,560 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,377,871 |
| Interest on Savings | $70,416 |
| Dividends & Interest | $285,263 |
| Net Rental Income | $118,084 |
| Net Gain on Sale of Assets | $850,518 |
| Capital Gain Net Income | $850,518 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,840 |
| Total Revenue | $8,804,227 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $107,650 |
| Other employee salaries and wages | $127,228 |
| Pension plans, employee benefits | $18,415 |
| Interest | $0 |
| Taxes | $126,418 |
| Depreciation | $9,586 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $88,826 |
| Printing and publications | $0 |
| Other expenses | $8,781,050 |
| Total operating and administrative expenses | $9,434,281 |
| Contributions, gifts, grants paid | $1,067,500 |
| Total expenses and disbursements | $10,501,781 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $878,633 |
| Savings and temporary cash investments | $715,858 |
| 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 | $542,212 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,291,398 |
| Net Land, buildings, and equipment | $18,777,710 |
| Other assets | $568,617 |
| Total assets | $35,352,370 |
| 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 | $4,600 |
| Total liabilities | $4,600 |
Grants Awarded
Over the last fiscal year, Elliotsville Foundation Inc has awarded $1,067,500 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
317 MAIN COMMUNITY MUSIC CENTER PURPOSE: RAISE THE BARN CAMPAIGN | $10,000 |
BOB FELLER ACT OF VALOR AWARD FOUNDATION PURPOSE: OPERATING SUPPORT | $500 |
FRIENDS OF KATAHDIN WOODS & WATERS PURPOSE: SPONSORSHIP | $5,000 |
MAINE CONSERVATION ALLIANCE PURPOSE: EVENING FOR THE ENVIRONMENT | $10,000 |
NATURAL RESOURCES COUNCIL OF MAINE PURPOSE: BROOKIE AWARDS 2022 | $500 |
NORTHERN FOREST CENTER PURPOSE: OPERATING SUPPORT | $10,000 |