Atlantic Federal Credit Union Foundation
- Assets
- $2.0m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- South Portland, ME
- Founding
- Data as of
- 12/2021
- EIN
- 86-2316892
Organization Overview
Atlantic Federal Credit Union Foundation is located in South Portland, 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. Atlantic Federal Credit Union Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ATLANTIC FEDERAL CREDIT UNION FOUNDATION AWARDS SCHOLARSHIPS AND GRANTS TO INDIVIDUALS RESIDING IN, AND 501(C)(3) ORGANIZATIONS SERVING AND OPERATING IN COMMUNITIES SERVICED BY THE ATLANTIC REGIONAL FEDERAL CREDIT UNION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Hodgdon Director | 0 | $0 | |
Howard Dupee Treasurer | 0 | $0 | |
Renee Oyster Secretary | 0 | $0 | |
Christopher Mcgorrill President | 0 | $0 | |
Tara Williams Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,014,002 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,119 |
| 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 | $2,015,121 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $41,750 |
| Total expenses and disbursements | $41,750 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,678,468 |
| Savings and temporary cash investments | $346,619 |
| 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 | $2,025,087 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $51,716 |
| 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 | $51,716 |
Grants Awarded
Over the last fiscal year, Atlantic Federal Credit Union Foundation has awarded $41,750 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
Portland, ME PURPOSE: GENERAL SUPPORT | $23,900 |
WINTERKIDS PURPOSE: GENERAL SUPPORT | $4,500 |
UNITED WAY GREATER PORTLAND PURPOSE: GENERAL SUPPORT | $3,000 |
COLGATE UNIVERSITY PURPOSE: SCHOLARSHIPS | $2,500 |
GRAHAMTASTIC CONNECTION PURPOSE: GENERAL SUPPORT | $500 |
Brunswick, ME PURPOSE: GENERAL SUPPORT | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Birchtree Center Portsmouth, NH | $2,377,101 | $5,561,187 |
The Bill And Joan Alfond Foundation Portland, ME | $33,512,660 | $6,141,856 |
Friends Of Notre-Dame De Paris Inc Etna, NH | $24,880,670 | $12,372,128 |
Sam L Cohen Foundation Portland, ME | $30,483,258 | $3,967,796 |
Huber Foundation Falmouth, ME | $75,719,525 | $3,696,908 |
Albert B Glickman Family Foundation Portland, ME | $24,527,916 | $3,353,968 |
Emily Landecker Foundation Hanover, NH | $38,846,417 | $4,476,586 |
Opportunity Networks Inc Amherst, NH | $2,792,676 | $4,076,100 |
The Bob Crewe Foundation Cumberland Foreside, ME | $17,458,318 | $1,381,520 |
Roxanne Quimby Foundation Inc Portland, ME | $37,980,106 | $2,835,642 |
Frank M & Olive E Gilman Foundation Inc Enfield, NH | $33,453,249 | $3,949,381 |
Jackson Hole Ranch Conservancy Foundation Exeter, NH | $0 | $1,922,389 |