Libra Future Fund

Organization Overview

Libra Future Fund is located in Portland, ME. The organization was established in 2005. According to its NTEE Classification (T30) the organization is classified as: Public 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. Libra Future Fund 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 12/2020, Libra Future Fund generated $31.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (27.1%) each year. All expenses for the organization totaled $35.8k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (24.2%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2018, Libra Future Fund has awarded 13 individual grants totaling $105,228. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2020

Describe the Organization's Program Activity:

Part 3 - Line 4a

SIX GRANTS WERE AWARDED TO YOUNG ENTREPRENEURS BETWEEN THE AGES OF EIGHTEEN AND TWENTY-NINE, OR OTHER RECIPIENTS DECIDED ON BY THE BOARD, TO HELP START OR EXPAND THEIR BUSINESSES.


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)Compensation
Erik K Hayward
President And Treasurer
$0
Hayley Griffin
Secretary
$0
Devin Mcneill
Director
$0
Madeleine Purcell
Director
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $31,035
Interest on Savings $0
Dividends & Interest $0
Net Rental Income$0
Net Gain on Sale of Assets $0
Capital Gain Net Income $0
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $31,035

Grants Awarded

Over the last fiscal year, Libra Future Fund has awarded $31,410 in support to 6 organizations.

Grant RecipientAmount

BLAIR HILL INN

PURPOSE: BUSINESS GRANTS

$10,000

PRONOUNCED HUMAN LLC

PURPOSE: BUSINESS GRANTS

$5,000

RENTSCORE LLC

PURPOSE: BUSINESS GRANTS

$5,000

STAND ALONE GEAR LLC

PURPOSE: BUSINESS GRANTS

$5,000

LIEF LLC

PURPOSE: BUSINESS GRANTS

$5,000

PINELAND FARMS INC

PURPOSE: TRANSFER OF FURNITURE UPON DISSOLUTION

$1,410
View Grant Profile

Peer Organizations

Organization NameAssets
Wolfes Neck Farm Foundation Inc
Freeport, ME
$5,656,149
Francis T & Louise T Nichols Foundation
Bangor, ME
$3,034,173
Information Technology Exchange
Searsport, ME
$1,536,824
Horizon Foundation Inc
Portland, ME
$1,265,706
Lesher Family Foundation
Rockport, ME
$40,708,160
Land Conservation Assistance Network
Yarmouth, ME
$702,761
Positive Tracks Inc
Hanover, NH
$960,561
Krempels Center
Portsmouth, NH
$790,432
Burns Family Foundation Inc
Damariscotta, ME
$320,591
Watermans Community Center
North Haven, ME
$924,284
Friends Of The Ellen M Leachmemorial Home
Brewer, ME
$436,759
Lend A Helping Can Inc
Manchester, NH
$391,152
Hine Corporation
Scarborough, ME
$349,183
Islesboro Islands Trust
Islesboro, ME
$295,397
Shafmaster Charitable Foundation
Newington, NH
$331,769
Sturdivant Island Tuna Tournament Charitable Foundation
Gorham, ME
$269,505
Givesendgo Charities
Salem, NH
$581,742
Charitable Division Of The Rotary Club Of Portsmouth New Hampshire
Portsmouth, NH
$288,325
Tim Thomas Foundation
Cumberland, ME
$0
Hanover N H Rotary Charities Inc
Hanover, NH
$193,195
Medomak Valley All Sports Boosters
Waldoboro, ME
$0
Center For Life Managementfoundation
Derry, NH
$193,790
Womenaid Of Greater Portsmouth
Portsmouth, NH
$0
Mount Washington Valley Kiwanis Club Charitable Foundation
North Conway, NH
$0
Maine Blue Collar Scholarship Foundation
Gorham, ME
$359,930

Create an account to unlock the data you need.

or