Kennebec Savings Bank Foundation
- Assets
- $12.8m
- Revenue
- $297.1k
- Investments
- $12.3m
- Employees
- 0
- Location
- Augusta, ME
- Founding
- 12/1985
- Data as of
- 12/2022
- EIN
- 22-2624600
Organization Overview
Kennebec Savings Bank Foundation is located in Augusta, ME. The organization was established in 1985. 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. Kennebec Savings Bank 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 12/2022, Kennebec Savings Bank Foundation generated $297.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.8%) each year. All expenses for the organization totaled $772.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Kennebec Savings Bank Foundation has awarded 296 individual grants totaling $3,466,000. 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.
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) | Role | Hours | Compensation |
|---|---|---|---|
Andrew E Silsby President/clerk | 1 | $0 | |
Craig J Garofalo Vice President | 1 | $0 | |
Debra A Getchell Treasurer | 1 | $0 | |
Amy P Tardiff Director | 1 | $0 | |
Charles W Hays Jr Director | 1 | $0 | |
Mark L Johnston Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $232,056 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $65,016 |
| Capital Gain Net Income | $65,016 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $297,072 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30,420 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $90,636 |
| Contributions, gifts, grants paid | $681,576 |
| Total expenses and disbursements | $772,212 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90 |
| Savings and temporary cash investments | $426,932 |
| 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 | $12,773,073 |
| 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, Kennebec Savings Bank Foundation has awarded $711,576 in support to 70 organizations.
| Grant Recipient | Amount |
|---|---|
30 MILE RIVER WATERSHED PURPOSE: UNRESTRICTED DONATION | $2,500 |
ALFOND YOUTH CENTER PURPOSE: UNRESTRICTED DONATION | $5,000 |
ALFOND YOUTH CENTER PURPOSE: CAPITAL CAMPAIGN SUPPORT | $55,000 |
ALFOND YOUTH CENTER PURPOSE: NUTRITION PROGRAM | $30,000 |
AUGUSTA FOOD BANK PURPOSE: UNRESTRICTED DONATION | $10,000 |
AUGUSTA SYMPHONY ORCHESTRA PURPOSE: UNRESTRICTED DONATION | $2,000 |