Bangor Christian Schools Foundation
- Assets
- $603.8k
- Revenue
- $151.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Bangor, ME
- Founding
- 02/2000
- Data as of
- 06/2022
- EIN
- 01-0523688
Organization Overview
Bangor Christian Schools Foundation is located in Bangor, ME. The organization was established in 2000. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Bangor Christian Schools 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 06/2022, Bangor Christian Schools Foundation generated $151.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $78.3k during the year ending 06/2022. While expenses have increased by 1.2% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE FOUNDATION IS TO ACQUIRE REAL AND/OR PERSONAL PROPERTY BY DEVISE, BEQUEST, GIFT, DONATION, OR OTHERWISE, TO HOLD, ADMINISTER, CONTROL, AND MANAGE FOR THE BENEFIT OF BANGOR CHRISTIAN SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDED GRANTS TO THE BANGOR CHRISTIAN SCHOOLS TO SUPPORT THEIR MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nick Henry Treasurer | OfficerTrustee | 1 | $0 |
Terry Phillips Chairman | OfficerTrustee | 0.25 | $0 |
Martha Boone Director | Trustee | 1 | $0 |
Thomas Brown Director | Trustee | 0.5 | $0 |
Carroll Conley Jr Director | Trustee | 0.25 | $0 |
Dwayne Conley Chairman | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $143,873 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $143,873 |
| Total Program Service Revenue | $0 |
| Investment income | $9,105 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,342 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $151,636 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $69,008 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,627 |
| Fees for services: Other | $167 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,900 |
| Total functional expenses | $78,302 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,660 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $550,154 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $603,814 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $415,802 |
| Net assets with donor restrictions | $188,012 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $603,814 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Bangor Christian Schools Foundation has recieved totaling $2,275.
| Awarding Organization | Amount |
|---|---|
Melmac Education Foundation Augusta, ME PURPOSE: TGM SCHOLARSHIP (2) | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $275 |
Endowment Analysis
| Beg. Balance | $102,946 |
| Earnings | -$6,485 |
| Net Contributions | $44,366 |
| Grants | $2,000 |
| Ending Balance | $138,827 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Davis Educational Foundation Yarmouth, ME | $128,309,090 | $9,135,716 |
The Foundation For Maine Community Colleges South Portland, ME | $20,354,624 | $16,834,487 |
New Hampshire Womens Foundation Concord, NH | $2,010,896 | $584,227 |
Duncan-Jenkins Tr Henniker, NH | $9,421,570 | $1,619,289 |
Olin J Cochran Tr Uw Bedford, NH | $4,499,075 | $1,000,465 |
Dr A Everett And Ruth E Rosen Foundation Inc Dayton, ME | $2,548,926 | $256,769 |
Friends Of The Portland Community Free Clinic South Portland, ME | $300,192 | $165,835 |
Hope For Nica Corporation New Ipswich, NH | $7,836 | $0 |
Bangor Christian Schools Foundation Bangor, ME | $603,814 | $151,636 |
Lily Sarah Grace Fund Inc Portland, ME | $746,937 | $0 |
Cape Elizabeth Education Foundation Cape Elizabeth, ME | $883,307 | $90,846 |
Boothbay Region Education Foundation Boothbay Harbor, ME | $104,551 | $76,260 |