Skowhegan Savings Charitable Foundation
- Assets
- $3.1m
- Revenue
- $504.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Skowhegan, ME
- Founding
- 11/2011
- Data as of
- 12/2021
- EIN
- 27-4318997
Organization Overview
Skowhegan Savings Charitable Foundation is located in Skowhegan, ME. The organization was established in 2011. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, 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. Skowhegan Savings Charitable 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 12/2021, Skowhegan Savings Charitable Foundation generated $504.6k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $99.1k during the year ending 12/2021. While expenses have increased by 4.1% per year over the past 6 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 2017, Skowhegan Savings Charitable Foundation has awarded 71 individual grants totaling $474,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard St Pierre Vice President & Treasurer | 1 | $0 | |
John C Witherspoon President | 1 | $0 | |
Vicki Alward Director | 1 | $0 | |
Flint Christie Director | 1 | $0 | |
Mike Duguay Director | 1 | $0 | |
Sam Hight Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500,000 |
| Interest on Savings | $4,645 |
| 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 | $504,645 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,117 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $60 |
| Total operating and administrative expenses | $12,067 |
| Contributions, gifts, grants paid | $87,000 |
| Total expenses and disbursements | $99,067 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $676,290 |
| Savings and temporary cash investments | $1,957,140 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $500,000 |
| 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 | $3,133,430 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $29,000 |
| 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 | $29,000 |
Grants Awarded
Over the last fiscal year, Skowhegan Savings Charitable Foundation has awarded $87,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SOMERSET CAREER & TECHNICAL CENTER PURPOSE: WELDING PROGRAM | $50,000 |
Skowhegan, ME PURPOSE: SKOWHEGAN BUSINESS CENTER | $20,000 |
GOOD WILL HINCKLEY HOME PURPOSE: COLLEGE STEP-UP & TRANSITIONS PROGRAM | $9,000 |
GOOD WILL HINCKLEY HOME PURPOSE: COLLEGE STEP-UP & TRANSITIONS PROGRAM | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Michael Phelps Foundation South Portland, ME | $1,732,534 | $681,369 |
Bald Peak Community Fund Inc Melvin Village, NH | $105,189 | $267,125 |
Salem Area Special Needs Association Salem, NH | $337,730 | $0 |
Gertrude Couch Irrev Tuw Dtd 1 19 45 Fbo Et A1 Bedford, NH | $1,404,776 | $245,795 |
Skowhegan Savings Charitable Foundation Skowhegan, ME | $3,133,430 | $504,645 |
Brony Thank You Fund Incorporated Londonderry, NH | $7,761 | $0 |
Rotary Club Of Bethel Foundation Bethel, ME | $134,515 | $0 |
Waterville Rotary Club Waterville, ME | $204,812 | $0 |
Taylor Rose Foundation Weare, NH | $13,543 | $19,583 |
Phaneuf Family Foundation Manchester, NH | $64,895 | $42,420 |
Wilton Lyndeborough Womens Club Wilton, NH | $26,430 | $0 |
Pink Revolution Breast Cancer Alliance Of Nh Corporation Brookline, NH | $51,041 | $0 |