The Bob Crewe Foundation
- Assets
- $17.5m
- Revenue
- $1.4m
- Investments
- $16.1m
- Employees
- 0
- Location
- Cumberland Foreside, ME
- Founding
- 02/2016
- Data as of
- 12/2021
- EIN
- 38-4008387
Organization Overview
The Bob Crewe Foundation is located in Cumberland Foreside, ME. The organization was established in 2016. 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. Bob Crewe 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, Bob Crewe Foundation generated $1.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $3.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Bob Crewe Foundation has awarded 187 individual grants totaling $5,710,139. 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 |
|---|---|---|---|
Daniel N Crewe President | 15 | $135,000 | |
Reid B Crewe Director | 15 | $122,500 | |
David Backer Secretary | 1 | $2,000 | |
Judith Young Director | 1 | $2,000 | |
Craig Cooper Director | 1 | $2,000 | |
Meg Baxter Director | 1 | $2,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Headinvest Llc | 12/30/21 | $93,899 |
Solotoff Law | 12/30/21 | $63,614 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $444,714 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $51,939 |
| Capital Gain Net Income | $51,939 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $884,867 |
| Total Revenue | $1,381,520 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $269,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $26,717 |
| Interest | $0 |
| Taxes | $51,775 |
| Depreciation | $0 |
| Occupancy | $70,701 |
| Travel, conferences, and meetings | $5,194 |
| Printing and publications | $0 |
| Other expenses | $47,819 |
| Total operating and administrative expenses | $740,621 |
| Contributions, gifts, grants paid | $2,507,652 |
| Total expenses and disbursements | $3,248,273 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $459,698 |
| Savings and temporary cash investments | $58 |
| 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 | $933,722 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $7,764 |
| Total assets | $17,458,318 |
| 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, The Bob Crewe Foundation has awarded $2,507,652 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF SOUTHERN MAINE FOUNDATION PURPOSE: GREAT UNIVERSITY CAMPAIGN | $2,000,000 |
MAINE COLLEGE OF ART AND DESIGN PURPOSE: OPERATING SUPPORT | $232,563 |
Yarmouth, ME PURPOSE: OPERATING SUPPORT | $40,000 |
UNIVERSITY OF SOUTHERN MAINE FOUNDATION PURPOSE: OPERATING SUPPORT | $40,000 |
Portland, ME PURPOSE: TABERNACLE SCHOLARSHIP | $25,000 |
Portland, ME PURPOSE: OPERATING SUPPORT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
P M Allen Family Foundation Hanover, NH | $110,796,013 | $13,365,268 |
Rannie Webster Foundation Rye, NH | $21,769,366 | $13,522,122 |
Elmina B Sewall Foundation Freeport, ME | $198,399,545 | $18,229,129 |
Lunder Foundation Portland, ME | $114,918 | $28,179,943 |
Otto And Fran Walter Foundation Inc Boothbay Harbor, ME | $14,780,673 | $2,403,803 |
The Jack & Dorothy Byrne Foundation Inc Hanover, NH | $178,090 | $5,355,970 |
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 |