Drouin Family Foundation A Private Charitable Foundation
- Assets
- $1.1m
- Revenue
- $51.2k
- Investments
- $1.1m
- Employees
- 0
- Location
- Damariscotta, ME
- Founding
- 07/2014
- Data as of
- 03/2022
- 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 03/2022, Drouin Family Foundation A Private Charitable Foundation generated $51.2k 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 (17.9%) each year. All expenses for the organization totaled $71.7k during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.
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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 | $439 |
| Dividends & Interest | $18,560 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $32,215 |
| Capital Gain Net Income | $32,215 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $51,214 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $292 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20 |
| Total operating and administrative expenses | $11,715 |
| Contributions, gifts, grants paid | $60,000 |
| Total expenses and disbursements | $71,715 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,217 |
| 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 | $1,135,120 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,147,337 |
| 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 $60,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Wolfeboro, NH PURPOSE: GENERAL PURPOSE | $53,000 |
THE JOEY FUND (CYSTIC FIBROSIS FOUNDATION) PURPOSE: GENERAL PURPOSE | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Standards Authority Of Ireland Inc Nashua, NH | $10,467,572 | $7,964,198 |
Good Samaritan Agency Bangor, ME | $1,863,251 | $664,116 |
Boothbay Region Community Resource Council Boothbay Harbor, ME | $515,188 | $602,381 |
Patriot Resilient Leader Institute Gilford, NH | $327,563 | $333,928 |
Library Futures Foundation Biddeford, ME | $1,285 | $0 |
Paul And Helen Goransson Charitable Foundation Eliot, ME | $831,122 | $157,600 |
Drouin Family Foundation A Private Charitable Foundation Damariscotta, ME | $1,147,337 | $51,214 |
Frogmen Motorcycle Club Laconia, NH | $0 | $0 |
Island Pantry Inc Deer Isle, ME | $487,076 | $0 |
Chief Michael Maloney Memorial Fund Inc Greenland, NH | $270,994 | $129,403 |
Caswell Conservancy Center Harrison, ME | $0 | $0 |
Holiday Cards 4 Our Military - Nh Challenge Nashua, NH | $2,407 | $0 |