Androscoggin Banks Mainstreet Foundation
- Assets
- $732.2k
- Revenue
- $19.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, ME
- Founding
- 12/1997
- Data as of
- 12/2022
- 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 12/2022, Androscoggin Banks Mainstreet Foundation generated $19.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (11.1%) each year. All expenses for the organization totaled $82.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Androscoggin Banks Mainstreet Foundation has awarded 60 individual grants totaling $223,450. 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 | $5,090 |
| Dividends & Interest | $16,072 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$26,218 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $19,944 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,881 |
| 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 | $270 |
| Total operating and administrative expenses | $11,881 |
| Contributions, gifts, grants paid | $70,500 |
| Total expenses and disbursements | $82,381 |
| 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 | $732,161 |
| Total assets | $732,161 |
| 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 $70,500 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
YMCA AUBURN LEWISTON PURPOSE: GENERAL FINANCIAL SUPPORT | $25,000 |
MIDCOAST LITERACY PURPOSE: GENERAL FINANCIAL SUPPORT | $1,000 |
MAINE YOUTH CENTER PURPOSE: GENERAL FINANCIAL SUPPORT | $4,000 |
MAINE BOYS TO MEN PURPOSE: GENERAL FINANCIAL SUPPORT | $2,500 |
JUNIOR ACHIEVEMENT OF MAINE PURPOSE: GENERAL FINANCIAL SUPPORT | $2,500 |
INTERCULTURAL COMMUNITY CENTER PURPOSE: GENERAL FINANCIAL SUPPORT | $2,500 |