Foundation 51
- Assets
- $257.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cumberland, ME
- Founding
- 06/1998
- Data as of
- 12/2022
- EIN
- 01-0517536
Organization Overview
Foundation 51 is located in Cumberland, ME. The organization was established in 1998. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation 51 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, Foundation 51 generated $26.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $23.9k during the year ending 12/2022. While expenses have increased by 5.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDED GRANTS TO MAINE SCHOOL ADMINISTRATION DISTRICT 51 TO ENRICH EDUCATIONAL OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carla O'sullivan Director | 0.5 | $0 | |
Heather Goddu President | 1 | $0 | |
Sally Delgreco Director | 0.5 | $0 | |
Justin Deri Director | 0.5 | $0 | |
Mylan Bannon Director | 0.5 | $0 | |
Ashley Olen Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,886 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $786 |
| Gain or Loss | $9,705 |
| Net Income from Gaming & Fundraising | $1,555 |
| Other Revenue | $0 |
| Total Revenue | $26,932 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $8,562 |
| Total expenses | $23,886 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $14,948 |
| Other assets | $0 |
| Total assets | $257,655 |
| Total liabilities | $0 |
| Net assets or fund balances | $257,655 |