Machias Savings Bank Community Development Foundation
- Assets
- $3.4m
- Revenue
- -$23.8k
- Investments
- $3.3m
- Employees
- 0
- Location
- Machias, ME
- Founding
- 01/1998
- Data as of
- 12/2022
- EIN
- 01-0514175
Organization Overview
Machias Savings Bank Community Development Foundation is located in Machias, ME. The organization was established in 1998. 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. Machias Savings Bank Community Development Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, Machias Savings Bank Community Development Foundation has awarded 176 individual grants totaling $1,381,466. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE PART XV
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew J Walsh Treasurer | 0.2 | $0 | |
Luann Ballesteros Director | 0.2 | $0 | |
Brent K Hartley Director | 0.2 | $0 | |
Robert W Foster Director | 0.2 | $0 | |
Zachary Means Director | 0.2 | $0 | |
Oliver Smith Director | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000 |
| Interest on Savings | $262 |
| Dividends & Interest | $54,181 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$79,267 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$23,824 |
| 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 | $5,066 |
| Contributions, gifts, grants paid | $159,800 |
| Total expenses and disbursements | $164,866 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,688 |
| Savings and temporary cash investments | $135,664 |
| 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 | $3,401,143 |
| 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, Machias Savings Bank Community Development Foundation has awarded $159,800 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
Bangor, ME PURPOSE: PROGRAM SUPPORT GRANT | $25,000 |
FOUNDATION FOR A STRONG MAINE ECONOMY PURPOSE: PROGRAM SUPPORT GRANT | $15,000 |
Bar Harbor, ME PURPOSE: PROGRAM SUPPORT GRANT | $12,500 |
Northeast Harbor, ME PURPOSE: PROGRAM SUPPORT GRANT | $10,000 |
THE NORTHERN LIGHT HOUSE INC PURPOSE: PROGRAM SUPPORT GRANT | $10,000 |
South Portland, ME PURPOSE: PROGRAM SUPPORT GRANT | $9,300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Td Charitable Foundation Falmouth, ME | $0 | $26,328,021 |
P M Allen Family Foundation Hanover, NH | $110,796,013 | $13,365,268 |
Rannie Webster Foundation Rye, NH | $21,769,366 | $13,522,122 |
Elmina B Sewall Foundation Freeport, ME | $198,399,545 | $18,229,129 |
Lunder Foundation Portland, ME | $114,918 | $28,179,943 |
Otto And Fran Walter Foundation Inc Boothbay Harbor, ME | $14,780,673 | $2,403,803 |
The Jack & Dorothy Byrne Foundation Inc Hanover, NH | $178,090 | $5,355,970 |
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 |