Drouin Family Foundation A Private Charitable Foundation
- Assets
- $1.1m
- Revenue
- $24.6k
- Investments
- $1.1m
- Employees
- 0
- Location
- Damariscotta, ME
- Founding
- 07/2014
- Data as of
- 03/2024
- EIN
- 46-4881506
Organization Overview
Drouin Family Foundation A Private Charitable Foundation is located in Damariscotta, ME. The organization was established in 2014. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Drouin Family Foundation A Private 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 03/2024, Drouin Family Foundation A Private Charitable Foundation generated $24.6k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $89.8k during the year ending 03/2024. While expenses have increased by 8.5% 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 2021, Drouin Family Foundation A Private Charitable Foundation has awarded 11 individual grants totaling $250,000. 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 |
|---|---|---|---|
Catherine Drouin Trustee | 1 | $0 | |
Victor Drouin Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $352 |
| Dividends & Interest | $21,475 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,762 |
| Capital Gain Net Income | $2,762 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $24,589 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $155 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $9,827 |
| Contributions, gifts, grants paid | $80,000 |
| Total expenses and disbursements | $89,827 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $29,395 |
| 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 | $14,325 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,144,493 |
| 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, Drouin Family Foundation A Private Charitable Foundation has awarded $80,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDS OF POP WHALEN PURPOSE: GENERAL PURPOSE | $30,000 |
GRANITE STATE ADAPTIVE PURPOSE: GENERAL PURPOSE | $30,000 |
VIDA VALIENTE FOUNDATION PURPOSE: GENERAL PURPOSE | $20,000 |