Penobscot Foundation For Developmental Services
- Assets
- $7.9m
- Revenue
- $472.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Bangor, ME
- Founding
- 05/1984
- Data as of
- 06/2022
- EIN
- 22-2508025
Organization Overview
Penobscot Foundation For Developmental Services is located in Bangor, ME. The organization was established in 1984. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Penobscot Foundation For Developmental Services 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 06/2022, Penobscot Foundation For Developmental Services generated $472.2k 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 (6.7%) each year. All expenses for the organization totaled $289.7k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Penobscot Foundation For Developmental Services has awarded 25 individual grants totaling $298,558. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATIONS MISSION IS TO SUPPORT PROGRAMS WHICH PROVIDE ASSISTANCE TO CITIZENS OF MAINE WITH DEVELOPMENTAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT PROGRAMS THAT PROVIDE ASSISTANCE TO CITIZENS OF MAINE WITH DEVELOPMENTAL DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Earl Black Vice Chair | OfficerTrustee | 0.25 | $0 |
Nathan Dane III Sectreas | OfficerTrustee | 0.25 | $0 |
Fred A Brown Chairperson | OfficerTrustee | 0.25 | $0 |
Wayne Walker Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $286,265 |
| Investment income | $78,497 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $107,445 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $472,207 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $29,599 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $120 |
| Fees for services: Accounting | $17,460 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,660 |
| Fees for services: Other | $48,000 |
| Advertising and promotion | $0 |
| Office expenses | $2,789 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,612 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $30,723 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $106,449 |
| Insurance | $4,675 |
| All other expenses | $0 |
| Total functional expenses | $289,653 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $730,503 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,996,062 |
| Investments—publicly traded securities | $4,140,402 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,866,967 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,158,731 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,158,731 |
| Net assets without donor restrictions | $6,436,020 |
| Net assets with donor restrictions | $272,216 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,866,967 |
Grants Awarded
Over the last fiscal year, Penobscot Foundation For Developmental Services has awarded $29,599 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Bangor, ME PURPOSE: Various program purchases | $16,599 |
Bangor, ME PURPOSE: Programming for hearing disabled | $8,000 |
Scarborough, ME PURPOSE: Serve children with disabilities | $5,000 |
Endowment Analysis
| Beg. Balance | $347,542 |
| Earnings | -$41,455 |
| Admin Expense | $1,856 |
| Other Expense | $11,891 |
| Ending Balance | $292,340 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Hampshire Catholic Charities Inc Manchester, NH | $140,545,315 | $96,098,300 |
The Opportunity Alliance South Portland, ME | $26,061,913 | $84,718,963 |
Penquis C A P Inc Bangor, ME | $38,967,615 | $60,528,357 |
Community Action Program Belknap & Merrimack Counties Inc Concord, NH | $13,081,335 | $43,283,224 |
Kennebec Valley Community Action Program Waterville, ME | $19,316,065 | $41,018,551 |
Tri-County Community Action Program Incorporated Berlin, NH | $12,062,842 | $36,885,101 |
Catholic Charities Maine Portland, ME | $14,668,841 | $26,102,567 |
Community Action Partnership Of Strafford County Dover, NH | $10,446,959 | $24,026,837 |
York County Community Action Corp Sanford, ME | $10,127,224 | $19,950,133 |
Waypoint Manchester, NH | $32,573,224 | $19,134,809 |
Waldo Community Action Partners Belfast, ME | $14,143,025 | $19,879,626 |
Western Maine Community Action Inc East Wilton, ME | $2,655,425 | $7,908,915 |