August Corporation

Organization Overview

August Corporation is located in Portland, ME. The organization was established in 2018. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. August Corporation is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.

For the year ending 12/2022, August Corporation generated -$2.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 18.3% each year .

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO HOLD TITLE TO REAL ESTATE ON BEHALF OF LIBRA FOUNDATION; RECEIVE ALL NET RENTAL INCOME AND DISTRIBUTE IT TO LIBRA FOUNDATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION RECEIVED NET RENTAL INCOME FROM PROPERTIES HELD FOR LIBRA FOUNDATION.


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Board, Officers & Key Employees

Name (title)Compensation
Craig N Denekas
President & Director
$14,500
Owen W Wells
Director
$14,500
Pendred E Noyce
Director
$14,500
William J Ryan
Director
$14,500
Jere G Michelson
Vice-President
$0
Erik K Hayward
Executive Vice-President
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $7,980
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$1,784,141
Net Gain/Loss on Asset Sales -$524,580
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue -$2,300,741

Peer Organizations

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