Androscoggin Banks Mainstreet Foundation
- Assets
- $794.6k
- Revenue
- $97.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, ME
- Founding
- 12/1997
- Data as of
- 12/2021
- EIN
- 31-1573495
Organization Overview
Androscoggin Banks Mainstreet Foundation is located in Portland, ME. The organization was established in 1997. 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. Androscoggin Banks Mainstreet 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, Androscoggin Banks Mainstreet Foundation generated $97.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 19.9% each year . All expenses for the organization totaled $89.9k during the year ending 12/2021. While expenses have increased by 1.5% per year over the past 4 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, Androscoggin Banks Mainstreet Foundation has awarded 41 individual grants totaling $152,950. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,000 |
| Interest on Savings | $1,194 |
| Dividends & Interest | $21,561 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $49,508 |
| Capital Gain Net Income | $49,508 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $97,263 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $11,089 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $35 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $150 |
| Total operating and administrative expenses | $11,949 |
| Contributions, gifts, grants paid | $78,000 |
| Total expenses and disbursements | $89,949 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $794,598 |
| Total assets | $794,598 |
| 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, Androscoggin Banks Mainstreet Foundation has awarded $78,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
BIG BROTHERS SISTERS MID-COAST ME PURPOSE: GENERAL FINANCIAL SUPPORT | $30,000 |
South Portland, ME PURPOSE: GENERAL FINANCIAL SUPPORT | $5,000 |
Westbrook, ME PURPOSE: GENERAL FINANCIAL SUPPORT | $5,000 |
Lewiston, ME PURPOSE: GENERAL FINANCIAL SUPPORT | $5,000 |
CROMWELL CENTER PURPOSE: GENERAL FINANCIAL SUPPORT | $5,000 |
Scarborough, ME PURPOSE: GENERAL FINANCIAL SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Birchtree Center Portsmouth, NH | $2,377,101 | $5,561,187 |
The Bill And Joan Alfond Foundation Portland, ME | $33,512,660 | $6,141,856 |
Friends Of Notre-Dame De Paris Inc Etna, NH | $24,880,670 | $12,372,128 |
Sam L Cohen Foundation Portland, ME | $30,483,258 | $3,967,796 |
Huber Foundation Falmouth, ME | $75,719,525 | $3,696,908 |
Albert B Glickman Family Foundation Portland, ME | $24,527,916 | $3,353,968 |
Emily Landecker Foundation Hanover, NH | $38,846,417 | $4,476,586 |
Opportunity Networks Inc Amherst, NH | $2,792,676 | $4,076,100 |
The Bob Crewe Foundation Cumberland Foreside, ME | $17,458,318 | $1,381,520 |
Roxanne Quimby Foundation Inc Portland, ME | $37,980,106 | $2,835,642 |
Frank M & Olive E Gilman Foundation Inc Enfield, NH | $33,453,249 | $3,949,381 |
Jackson Hole Ranch Conservancy Foundation Exeter, NH | $0 | $1,922,389 |