Jay L Ramsdell Foundation
- Assets
- $101.6k
- Revenue
- $6.4k
- Investments
- $101.1k
- Employees
- 0
- Location
- Damariscotta, ME
- Founding
- 01/1992
- Data as of
- 12/2022
- EIN
- 01-0451718
Organization Overview
Jay L Ramsdell Foundation is located in Damariscotta, ME. The organization was established in 1992. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Jay L Ramsdell 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 12/2022, Jay L Ramsdell Foundation generated $6.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $9.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,300 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,821 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,328 |
| Capital Gain Net Income | $2,161 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,449 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $87 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $885 |
| Total operating and administrative expenses | $1,792 |
| Contributions, gifts, grants paid | $7,500 |
| Total expenses and disbursements | $9,292 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $433 |
| 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 | $101,580 |
| 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, Jay L Ramsdell Foundation has awarded $7,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF MAINE PURPOSE: SCHOLARSHIP | $3,500 |
HOOD COLLEGE PURPOSE: SCHOLARSHIP | $1,000 |
Bangor, ME PURPOSE: SCHOLARSHIP | $1,000 |
Bar Harbor, ME PURPOSE: CHARITABLE | $1,000 |
SEACOAST MISSION PURPOSE: CHARITABLE | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Davis Family Foundation Yarmouth, ME | $94,934,752 | $3,904,982 |
Carl Benton Straub Charitable Trust Brunswick, ME | $0 | $2,800,114 |
Panjandrum Foundation Tr Keene, NH | $3,537,021 | $9,028 |
Adele Gifford Residuary Trust Bedford, NH | $12,919,500 | $730,579 |
Robert And Joyce Oberkotter Family Foundation Newport, NH | $12,628,892 | $751,411 |
Doris Benz Tr Otisfield, ME | $6,799,118 | $360,492 |
Hjd Foundation Sunapee, NH | $21,739,659 | $12,057,994 |
Clara Saltus Trust Uw Bedford, NH | $7,298,272 | $1,323,409 |
Benjamin Kimball Trust Uw Bedford, NH | $7,262,767 | $1,582,345 |
W F Bisbee J G O Rourke Tte Portland, ME | $20,774,662 | $340,543 |
Tamworth Foundation Tamworth, NH | $7,368,763 | $923,034 |
Alfred Quimby Fund Ttee Center Sandwich, NH | $6,204,237 | $703,206 |