The River Fund Maine
- Assets
- $523.2k
- Revenue
- $174.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Newry, ME
- Founding
- 06/2019
- Data as of
- 12/2023
- EIN
- 83-1986128
Organization Overview
The River Fund Maine is located in Newry, ME. The organization was established in 2019. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2023, River Fund Maine employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. River Fund Maine 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 12/2023, River Fund Maine generated $174.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (21.7%) each year. All expenses for the organization totaled $253.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE A BRIGHT ECONOMIC FUTURE FOR OUR COMMUNITY BY INVESTING IN THE EDUCATION OF OUR YOUTH AND BY HARNESSING THE RECREATIONAL ASSETS OF OUR REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, THE RIVER FUND MAINE (TRFM) CONTINUED TO FOCUS ON THREE KEY AREAS: EDUCATION, RECREATION, AND COMMUNITY OUTREACH, WORKING WITH LOCAL GROUPS TO ACHIEVE SHARED GOALS. HIGHLIGHTS INCLUDE: EDUCATION: A COLLEGE AND TRADE SCHOOL SCHOLARSHIP PROGRAM FOR HIGH SCHOOL SENIORS TO FOSTER FUTURE COMMUNITY LEADERS. - FOUR COLLEGE SCHOLARS EACH RECEIVING 20K ANNUAL SCHOLARSHIPS FOR TOTAL OF FOUR YEARS. - ONE TRADES SCHOLAR RECEIVING 10K ANNUAL SCHOLARSHIP FOR A TOTAL OF TWO YEARS CAREER WORKSHOP FOR GRADES 9-12 TO LEARN ABOUT DIFFERENT CAREER OPPORTUNITIES IN TRADES, EDUCATION, HEALTH, BUSINESS, FINANCIAL AND OTHER PROFESSIONAL SECTORS. WORK IN CONJUNCTION WITH LOCAL HIGH SCHOOLS. PROFESSIONALS, BUSINESS OWNERS AND TRADES PEOPLE ARE BROUGHT IN TO DISCUSS THEIR EXPERIENCES IN THEIR FIELDS. CAREER MENTORSHIP: CONNECTING STUDENTS TO CAREER OPPORTUNITIES THROUGH INTERNSHIPS AND MENTORSHIPS. RECREATION: - PROVIDED PROGRAMING FOR HUMAN POWERED OUTDOOR ACTIVITIES FOR AREA YOUTH - PROVIDED SEASON PASSES TO APPROXIMATELY 300 DISADVANTAGED STUDENTS IN THE SURROUNDING SCHOOL DISTRICTS - COLLABORATED AND SUPPORTED OTHER LOCAL AFTER SCHOOL AND RECREATIONAL GROUPS TO EXPAND RECREATIONAL OPPORTUNITIES TO AREA YOUTH COMMUNITY PROJECTS: FINANCIAL SUPPORT FOR SHORT-TERM PROJECTS THAT MEET LOCAL NEEDS AND PROMOTE SUSTAINABLE JOB SKILLS. SUCH ENDEAVORS INCLUDE: - FINANCIAL SUPPORT FOR MAHOOSUC LAND TRUST'S ANNUAL MONARCH FESTIVAL - BETHEL HISTORICAL SOCIETY SUMMER PROGRAMMING - AIDED IN THE DISTRIBUTION OF BOTTLED WATER TO THE COMMUNITY WHEN THE DECEMBER FLOODS CLOSED DOWN THE WATER TREATMENT AND SANITATION FACILITY - FINANCIAL SUPPORT TO LOCAL FOOD PANTRY COLLABORATIVE PROGRAMS ARE PRIORITIZED, WITH EDUCATION AS THE FLAGSHIP, FOLLOWED BY RECREATION EXPANSION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Noah Tanguay-Collins Executive Di | Officer | 40 | $90,000 |
Robert Vigneaux President | OfficerTrustee | 1 | $0 |
Lisa Gordon Vice Preside | OfficerTrustee | 1 | $0 |
Mirza Cifric Secretary | OfficerTrustee | 1 | $0 |
Sara Shifrin Director | Trustee | 1 | $0 |
Sarah Crockett Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $125,775 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $56,294 |
| Noncash contributions included in lines 1a–1f | $30,569 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $182,069 |
| Total Program Service Revenue | $0 |
| Investment income | $10,686 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$17,534 |
| Net Income from Fundraising Events | -$440 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $174,781 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $68,655 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $92,654 |
| Compensation of current officers, directors, key employees. | $18,531 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,675 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,666 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $60 |
| Fees for services: Accounting | $8,138 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,945 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,674 |
| Office expenses | $567 |
| Information technology | $4,012 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,821 |
| All other expenses | $8,704 |
| Total functional expenses | $253,037 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,892 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $503,349 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $523,241 |
| Accounts payable and accrued expenses | $3,613 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,613 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $519,628 |
| Total liabilities and net assets/fund balances | $523,241 |