Biddeford And Mechanics Savings Charitable Foundation
- Assets
- $268.6k
- Revenue
- $12.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Auburn, ME
- Founding
- Data as of
- 12/2023
- EIN
- 85-1674412
Organization Overview
Biddeford And Mechanics Savings Charitable Foundation is located in Auburn, ME. 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. Biddeford And Mechanics Savings 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 12/2023, Biddeford And Mechanics Savings Charitable Foundation generated $12.3k 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 (65.1%) each year. All expenses for the organization totaled $142.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Biddeford And Mechanics Savings Charitable Foundation has awarded 108 individual grants totaling $559,639. 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 |
|---|---|---|---|
Betsy Boudreau Board Member (end 6/2023) | 1 | $0 | |
Heather Chandler Board Member | 1 | $0 | |
Dan Colby Board Member | 1 | $0 | |
Terri Cook Board Member (end 6/2023) | 1 | $0 | |
Sandy Dolby Board Member | 1 | $0 | |
Alan Hahnel Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12,348 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $12,348 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,563 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35 |
| Total operating and administrative expenses | $6,873 |
| Contributions, gifts, grants paid | $135,834 |
| Total expenses and disbursements | $142,707 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $268,635 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $268,635 |
| 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, Biddeford And Mechanics Savings Charitable Foundation has awarded $135,834 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
BIDDEFORD FOOD PANTRY PURPOSE: GENERAL PURPOSE | $2,500 |
BRUNSWICK HOUSING AUTHORITY PURPOSE: GENERAL PURPOSE | $5,000 |
CHURCH COMMUNITY OUTREACH SERVICES PURPOSE: GENERAL PURPOSE | $2,500 |
COMMUNITY DENTAL PURPOSE: GENERAL PURPOSE | $5,000 |
FIRST CONGREGATIONAL CHURCH OF SCARBOROUGH (FOOD PANTRY) PURPOSE: GENERAL PURPOSE | $2,500 |
GOOD SHEPHERD FOOD BANK PURPOSE: GENERAL PURPOSE | $2,500 |