Penobscot Foundation For Developmental Services
- Assets
- $8.6m
- Revenue
- $595.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Bangor, ME
- Founding
- 05/1984
- Data as of
- 06/2024
- 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 06/2024, Penobscot Foundation For Developmental Services generated $595.7k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $343.9k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Penobscot Foundation For Developmental Services has awarded 36 individual grants totaling $695,351. 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
2024
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 |
|---|---|---|---|
Adam Mulia Director | Trustee | 0.25 | $0 |
Wayne Walker Director | Trustee | 0.25 | $0 |
Earl Black Director | Trustee | 0.25 | $0 |
Rachel E Thompson Chairperson | OfficerTrustee | 0.25 | $0 |
Fred A Brown Director | OfficerTrustee | 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 | $138,381 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $170,370 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $595,662 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $66,092 |
| 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 | $19,502 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,482 |
| Fees for services: Other | $48,000 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $39,812 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $104,423 |
| Insurance | $4,896 |
| All other expenses | $0 |
| Total functional expenses | $343,908 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $503,198 |
| 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 | $2,786,757 |
| Investments—publicly traded securities | $5,317,970 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,607,925 |
| Accounts payable and accrued expenses | $11,300 |
| 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 | $1,080,302 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,091,602 |
| Net assets without donor restrictions | $7,193,068 |
| Net assets with donor restrictions | $323,255 |
| 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 | $8,607,925 |
Grants Awarded
Over the last fiscal year, Penobscot Foundation For Developmental Services has awarded $66,092 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
AMICUS PURPOSE: Onsite AEDPVIRLE Direct Care | $8,092 |
MAINE DISCOVERY MUSEUM PURPOSE: My Day to Play Programming | $20,000 |
ROBBIE FOUNDATION PURPOSE: Adaptive Equip Assistive Tech Therapy | $15,000 |
PENOBSCOT THEATER PURPOSE: Hearing Loop System | $8,000 |
PINE TREE SOCIETY PURPOSE: Tuition Support | $10,000 |
AUTISM SOCIETY OF MAINE PURPOSE: Keynote Speaker | $5,000 |