Elsie & William Viles Foundation
- Assets
- $20.3m
- Revenue
- $1.0m
- Investments
- $18.2m
- Employees
- 0
- Location
- Augusta, ME
- Founding
- 03/1991
- Data as of
- 07/2024
- EIN
- 22-3089641
Organization Overview
Elsie & William Viles Foundation is located in Augusta, ME. The organization was established in 1991. 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 the central organization for a national or regional group of organizations. Elsie & William Viles 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 07/2024, Elsie & William Viles Foundation generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 28.2% each year . All expenses for the organization totaled $1.1m during the year ending 07/2024. While expenses have increased by 3.3% per year over the past 5 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 2020, Elsie & William Viles Foundation has awarded 137 individual grants totaling $3,715,827. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ELSIE & WILLIAM VILES FOUNDATION OWNS AND MAINTAINS PROPERTY LOCATED ON STONE STREET IN AUGUSTA, MAINE THAT IS AVAILABLE FOR USE BY NOT FOR PROFIT ORGANIZATIONS AT NO
CHARGE. ORGANIZATIONS WHOSE MISSION INCLUDES CONSERVATION, EDUCATION, ANIMAL PROTECTION/WELFARE, AND/OR PROMOTE AND PRESERVE MAINE HISTORY AND CULTURE ARE GIVEN PRIORITY IN
SCHEDULING THE SPACE. ACTIVITIES AND PROGRAMS INCLUDE SEMINARS, MEETINGS, RETREATS, WORKSHOPS, SYMPOSIA, AND FUNDRAISING EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul R Abbey Director | 0.25 | $0 | |
William N Lund Director | 0.25 | $0 | |
Warren E Winslow Jr Director | 0.25 | $0 | |
Charles W Hays Director | 0.25 | $0 | |
Patricia A West Exec. Director/sec'y/director | 30 | $30,331 | |
Daniel E Wathen President/director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $159,780 |
| Interest on Savings | $0 |
| Dividends & Interest | $344,280 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $503,531 |
| Capital Gain Net Income | $503,531 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $783 |
| Total Revenue | $1,008,374 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $30,331 |
| Other employee salaries and wages | $17,051 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,665 |
| Depreciation | $54,621 |
| Occupancy | $103,215 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,881 |
| Total operating and administrative expenses | $317,894 |
| Contributions, gifts, grants paid | $813,274 |
| Total expenses and disbursements | $1,131,168 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,777 |
| Savings and temporary cash investments | $647,583 |
| 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 | $5,157,200 |
| Net Land, buildings, and equipment | $1,476,793 |
| Other assets | $0 |
| Total assets | $20,296,370 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Elsie & William Viles Foundation has awarded $813,274 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
ALLAGASH WILDERNESS WATERWAY FOUNDATION PURPOSE: YOUTH ON THE ALLAGASH PROGRAM | $5,000 |
ARNOLD EXPEDITION HISTORICAL SOCIETY PURPOSE: BUILDING PERMANENT HISTORICAL DISPLAYS | $12,000 |
AUGUSTA FOOD BANK PURPOSE: WEEKEND KIDSPACK PROGRAM | $22,000 |
CITY OF AUGUSTA PURPOSE: PAYMENT IN LIEU OF TAXES | $19,100 |
CODA CHORUS PURPOSE: SKILL WORKSHOPS TO IMPROVE VOCALS | $3,000 |
CHILDREN'S CENTER EARLY INTERVENTION AND FAMILY SUPPORT PURPOSE: VIDEOCONFERENCING EQUIPMENT | $10,000 |