Warren Memorial Foundation
- Assets
- $1.6m
- Revenue
- $136.2k
- Investments
- $1.4m
- Employees
- 0
- Location
- Westbrook, ME
- Founding
- 08/1942
- Data as of
- 12/2023
- EIN
- 01-0220759
Organization Overview
Warren Memorial Foundation is located in Westbrook, ME. The organization was established in 1942. 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. Warren Memorial 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, Warren Memorial Foundation generated $136.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $175.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Warren Memorial Foundation has awarded 58 individual grants totaling $1,314,071. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
WARREN MEMORIAL WESTBROOK HIGH SCHOOL SCHOLARSHIPS
ART PAID FOR AND DONATED TO CITY OF WESTBROOK, SCULPTURES
MAINE COLLEGE OF ARTS SCHOLARSHIPS
WESTBROOK SCHOOL DEPARTMENT ART FUNDS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Caren Michel Treasurer | 5 | $3,000 | |
Rene Daniel President | 1 | $0 | |
David L Rolfe Director | 0.5 | $0 | |
Andrew Curran Vice Preside | 1 | $0 | |
Colette Gagnon Director | 0.5 | $0 | |
Daniel Digenova Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8,647 |
| Dividends & Interest | $66,169 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $61,386 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $136,202 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $35 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,562 |
| Total operating and administrative expenses | $35,370 |
| Contributions, gifts, grants paid | $139,674 |
| Total expenses and disbursements | $175,044 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $186,780 |
| 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 | $126,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,625,565 |
| 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, Warren Memorial Foundation has awarded $139,674 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
WESTBROOK HIGH SCHOOL PURPOSE: ARTS AND EDUCATION | $10,000 |
MAINE COLLEGE OF ART PURPOSE: ARTS AND EDUCATION | $25,000 |
WESTBROOK SCHOOL DEPT PURPOSE: ARTS AND EDUCATION | $50,000 |
CITY OF WESTBROOK PURPOSE: ARTS | $53,924 |
WESTBROOK HOUSING AUTHORITY PURPOSE: ARTS AND EDUCATION | $750 |